65 Boutport St - Storefront Retail/Residential FOR SALE


Barnstaple, DEV EX31 1HG
$150,000 USD
65 Boutport St, Barnstaple, DEV for Sale
$150,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 8% Cap Rate

65 Boutport St
Barnstaple, DEV EX31 1HG


HIGHLIGHTS

  • Town centre location
  • Prominent corner position
  • Good public transport and parking options

OVERVIEW

LOCATION<br />The premises are located within a few yards of the town Square and Museum and the junction of lower High Street and Boutport Street. <br />The premises adjoin Chequers Estate Agents on one side and a nail bar and is within level walking distance of all town centre amenities. <br />It is also convenient to the main Barnstaple Bus Station and the large Queen Street Car Park.<br />Barnstaple is recognised as the premier commercial centre of North Devon with a population in excess of 35,000 inhabitants. <br />This is an expanding town with new housing stock being built and new retail opportunities on the opposite side of the river. <br /><br />THE PREMISES<br />The property is the former TSB Bank premises being a mid-terrace commercial building with the ground floor offering 800 sq ft of retail space and the benefit of a mezzanine floor for selling purposes. <br />To the rear there are 2 stock rooms, staff room and kitchenette. <br />It should be noted that the upper floors have been sold off on a long leasehold basis. <br />The premises would be ideal for a number of retail trades or indeed as professional offices or even possibly catering, subject to any necessary planning consent that may be required. <br />The freehold is available for sale or alternatively the vendor may consider letting the premises for £12,000 per annum.<br /><br />UTILITIES AND SERVICES<br />Mains electricity, water and drainage. <br />We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. <br />You can do so by visiting <br />BUSINESS RATES <br />£12,500 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.<br /><br />VAT<br />We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.<br /><br />LEGAL ADVICE <br />We strongly recommend that a buyer/tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.<br /><br />PLANNING <br />It is the responsibility of the proposed buyer/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 buyers/tenant’s responsibility.<br /><br />LEASE TERMS<br />All leases are on full repair and insuring (FRI) terms unless otherwise stated.<br />

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,250 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tony FosterWebbersMore Info

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