Queens House, Queen Street, Barnstaple, Devon, EX32

LOCATION
In a convenient trading position close to the Bus Station in Queen Street and the approach road to Barnstaple town centre. Nearby is the main town centre car park which is being re-designed in the Summer 2024 and had 224 spaces. Other traders in the vicinity include hairdressers, cafes, an art gallery, offices and takeaways.

THE PREMISES
In a modern parade of shop units these premises have a ground floor retail space of around 558 sq ft with WC, valuable rear stock room space of around 120 sq ft and to the rear of the building is a parking space for one car. Ideal for a variety of uses, subject to any necessary planning consent (not to conflict with other traders in the parade).

TERMS
New 5 year lease with a 3 year break clause on full repair and insuring terms at a step rent incentive - Year 1: £8,000 rental per annum, Year 2: £9,000 rental per annum & Year 3: £10,000 rental per annum thereafter. All rental prices plus VAT. 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. There is also a yearly building insurance charge of £264.

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.

BUSINESS RATES
£8,300 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 opted to charge VAT. All interested parties should make their own enquiries of HMRC.

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