Newport Road, Barnstaple, Devon, EX32

LOCATION
Next to a busy Spar shop and in the popular residential area of Newport in Barnstaple. Barnstaple is North Devon's busiest commercial centre having a population in the region of 27,500 inhabitants and serving the rural hinterland with a population of about 137,000 inhabitants. The town is the expanding centre of North Devon having numerous supermarkets on the outskirts as well as the busy Green Lanes covered shopping centre and a good selection of local shops.

PREMISES
The premises comprise of a ground floor lock-up shop and offer approximately 628 sq ft of retail space. Formerly utilised as a hairdressers and most recently as a funeral directors but would be ideal for a variety of trades subject to any necessary planning consent.
An incoming tenant will need to supply proof of ID, two trade/professional references, proof of funds and business plan.

TENURE
This lock-up shop is available on the basis of a brand new lease with term of years to be agreed at an asking rent of £5,000 per annum exclusive.
An incoming purchaser must also pay all outgoings, business rates and a contribution towards water and insurance costs. Rent deposit required of £1,250 plus rent monthly in advance.

BUSINESS RATES
£4,200 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

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 pf planning use is the tenant’s responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.

SERVICES AND UTILITIES
Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk