Under Offer

Boutport Street, Office

Asking Price

Price £299,950

COM160112

Boutport Street
Office
Barnstaple, Devon
£299,950

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Barnstaple investment. Ground floor shop let at £14,000 per annum, first floor office circa 536 sq ft, second floor spacious 2 bedroom apartment and to the top floor there are two store rooms. Sound mixed commercial and residential investment. EPC Rating F.

Description

LOCATION
The premises occupy a busy town centre trading position located at the southern end of Boutport Street, close to the junction with the main High Street. The premises adjoin Youing's toy shop on one side and hairdressers on the other and are close to the Royal and Fortescue Hotel. The premises have a long frontage on to Boutport Street and the benefit of a separate staircase to the upper floors.
Barnstaple is North Devon's regional centre with a host of shopping facilities and supermarkets and a regional railway station leading to Exeter and the main network. The town has a population in excess of 27,500 inhabitants and serves the local rural community with the hinterland having a population of over 127,000 inhabitants.

THE PREMISES
The premises comprise of a ground floor shop of approximate measurements 59'8" maximum depth x 23'2" maximum width. The upper floors are accessed from a side entrance hall with a communal staircase to the first floor and a self-contained office.
To the second floor there is a two bedroom self-contained spacious apartment and to the top floor, two spacious rooms considered for further conversion to an apartment, subject to obtaining the usual planning consents.

TENURE
The ground floor shop is now let at a rental of £14,000 per annum on the basis of a lease, details of which are to be made available to seriously interested parties.

The first floor offices are vacant however the passing rent previously achieved was around £3,000 per annum.

The second floor self-contained 2 bedroom apartment is currently vacant but has previously been let for a rental in the region of £595 per calendar month. The two top floor rooms are currently vacant but could easily be converted to a 1 or 2 bedroom flat, subject to usual building regulations and planning consents to provide a further supplementary income.

This is a mixed residential and commercial investment opportunity with a possibility of providing an income. If all floors are fully let subject to all necessary consents and conversions the income would be in the region of £24,000 per annum.

Rooms

  • GROUND FLOOR
  • SHOP (12.1m (12.1m) maximum depth x 7.06m (7.06m) maximum width)
    First floor kitchen/office, stainless steel sink unit and access to the two cloakrooms. Separate door leads to communal entrance foyer and communal stairs to first floor with a self-contained office briefly comprising:
  • FIRST FLOOR
  • OFFICE SUITE
  • MAIN RECEPTION (2.84m x 2.54m (9'4" x 8'4"))
  • KITCHEN (2.00m x 1.98m (6'7" x 6'6"))
  • STAFF CLOAKROOM
  • OFFICE ONE (4.98m x 4.34m (16'4" x 14'3"))
  • OFFICE TWO (3.91m x 3.58m (12'10" x 11'9"))
  • OFFICE THREE (4.42m x 2.50m (14'6" x 8'2"))
  • STAIRS TO:
  • SECOND FLOOR
  • SELF-CONTAINED FLAT
    Briefly comprising:
  • LOUNGE (4.14m x 3.86m (13'7" x 12'8"))
    Intercommunicating door to:
  • BEDROOM ONE (5.00m x 4.57m (16'5" x 15'))
  • BEDROOM TWO (3.15m x 2.97m (10'4" x 9'9"))
  • KITCHEN (4.80m x 2.92m (15'9" x 9'7"))
  • UTILITY ROOM (4.67m x 2.62m (15'4" x 8'7"))
    Leading to separate shower and WC.
  • STAIRS TO:
  • TOP FLOOR
  • SMALL LANDING
  • ROOM ONE (7.65m x 4.72m (25'1" x 15'6"))
    L-Shaped. Dormer window UPVC double glazed.
  • ROOM TWO (4.72m x 2.67m (15'6" x 8'9"))
    Irregular shaped. Entrance to roof space.
  • AGENT'S NOTES
    The premises will be offered for sale with the ground floor shop, first floor offices and flat above. We understand that the property is in a conservation area.
  • SERVICES
    Mains electricity, water and drainage.
  • RATEABLE VALUE
    Shop - £13,250Offices - £4,300 UBR, as of April 2019, 50.4p 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.
  • VIEWING
    Strictly by appointment through the selling agent.
  • VAT
    We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC
  • WEBBERS DO NOT JUST SELL HOUSES
    Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
  • WANT TO KNOW MORE?
    We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk

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01271 347888