New Road, Bideford, Devon, EX39

LOCATION

Overlooking the River Torridge just upstream from the old bridge that connects Bideford town centre to East the Water this Grade II Listed building fronts onto one of the main approach roads into the town. Bideford is a thriving port and tourist centre offering a host of local independent and national chain stores, lovely riverside walks and a pleasant park. This property is within yards of the town centre, quayside and car parks. On the outskirts of town is the popular Affinity Devon Outlet which is an out of town shopping mall and the town has a large Morrison’s supermarket as well as Tesco's, Asda, Lidl and Aldi.

THE PROPERTY

This historic building used to operate as a well-known coaching inn and hotel.

The upper floors have now been converted to apartments and we are instructed by the owner to offer the whole of the ground floor about 3,200 sq ft on a lease.

The premises could revert back to a pub or restaurant but may have potential for other uses such as a gym, escape rooms, dance studio, offices or retail, subject to necessary planning permission if required.

TENURE

A new lease is available at a quoted asking rent for the whole of £10,000 per annum exclusive of rates, utility bills etc.

Depending on the quality of the tenant the Landlord will consider a rent free period for fit out costs etc.

AGENTS NOTE

The Landlord will consider a 12 month or longer rent free period as an incentive to suitable tenants in consideration of the fact that the premises need a complete fit out, with refurbishment, re-wiring and re plumbing etc.

LEGAL ADVICE

We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf.

Each party bears their own legal costs unless otherwise stated.

PLANNING

It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant’s responsibility.

LEASE TERMS

All leases are on full repair and insuring (FRI) terms unless otherwise stated. Prospective tenants will be required to provide proof of identity, evidence of funds, two trade or professional references, and a CV for the Landlord’s approval. Where the lease is to be taken in a company name, personal guarantors will typically be required.