Newport Road, Barnstaple, Devon, EX32

LOCATION
The premises occupy a prime position in the sought-after Newport area of Barnstaple, fronting a busy route into the town centre. Nearby amenities include Park School, Newport Community School, and the popular Rock Park gardens.
The location benefits from a strong residential catchment and a mix of local businesses, including a hairdresser, greengrocer, convenience store, pub, and an Indian restaurant.
Barnstaple is North Devon’s leading commercial hub, with a population of around 35,000 and serving a wider rural area of approximately 137,000. The town continues to grow, offering major supermarkets on the outskirts, the bustling Green Lanes shopping centre, and a wide range of independent retailers.

THE PROPERTY
The property comprises a ground-floor lock-up shop, offering approximately 430 sq ft of retail space. It features a double-fronted display with a prominent corner return frontage, a rear stockroom, and a separate staff cloakroom. The premises have accommodated a variety of uses over the years and would be suitable for numerous trades, subject to any necessary planning consents.

TENURE
This lock-up shop is offered on a brand-new lease, with terms to be agreed, at an asking rent of £5,000 per annum. The incoming tenant will be responsible for all outgoings, including business rates, and will contribute towards water and insurance costs. An incoming tenant will be asked to provide proof of ID, proof of funds, two trade/professional references and CV all for Landlord's approval.

SERVICES
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

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

VIEWING
Strictly by appointment through the agents.

RATEABLE VALUE
£4,600 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.

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.