JD Commercial Property Directory

SUBSTANTIAL TOWN CENTRE FREEHOLD RETAIL UNIT, FLAT AND BUTCHERY BUSINESS

 Within pedestrianised retail area, close to High Street
 Established butchery business with turnover of circa £340,000
 Retail unit with back up cutting room, prep area and storage
 Rear parking and delivery access
 Self contained flat providing rental income
 Scope for further residential unit subject to planning permission
 For sale due to pending retirement of owner
 Services : All mains connected

LOCATION

Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000.  Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton.  Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.

THE SITUATION

The property is situated within the pedestrianised part of the Town Centre known as Mill Street, just off the High Street.    Mill Street has undergone considerable investment of recent years including mixed residential and commercial development schemes close by.  There is rear access to the property off New Street

THE PROPERTY AND CONSTRUCTION

The main building is of three storey construction under a pitched slate roof with the rear section of the building being of split level two storey construction.  Fronting onto Mill Street the commercial parts consists of a ground floor single fronted retail unit with rear cutting room, preparation area and walk in chiller.  To the rear of the premises, accessed from New Street, is a walk in freezer, 2 x car parking spaces, access for deliveries and self contained access to the residential accommodation.  There is a redundant ground floor store room and first floor roof void which could be converted to an additional letting unit, subject to necessary planning permissions.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

Trading as a traditional butchery business, our client currently operates with a higher dependency on staff than many operators may wish, as such it is thought the net profit could be increased as a result.  Last year produced a turnover of circa £340,000 with further figures available to those parties that have viewed the premises.  Additional income is currently derived from the letting of the residential unit, currently £360 per month, with the same tenant having been in occupation for the last 7 years.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with an inventory of trade fixtures, fittings and equipment.

VAT

Payable, if applicable, at the prevailing rate.

RATES

We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value: £8,500 Rates Payable: £3,893 based on uniformed business rate of 45.8p in the pound.   Occupiers may qualify for reliefs and are advised to make their own enquiries of Torridge District Council.

THE ACCOMMODATION (comprises)

GROUND FLOOR

Single fronted SHOP UNIT
18`5 x 17'8 (5.60 m x 5.40 m) Chilled window display, strip lighting, plastic clad walls, L’ shaped chilled serve over, separate serve over, chopping block, meat slicer, wash hand basin, 2 x electronic scales, tiled floor, air conditioning

CUTTING ROOM
1 x freezer, 2 x chopping blocks, wash hand basin, stainless steel single drainer sink, walk in chiller, vacuum packer, 2 work benches, 1 x mincer, air conditioning, scales, 3 x double fridges

PREP ROOM
Double drainer stainless steel sink unit, tiled walls, wash hand basin, heat wrap, stainless steel prep bench, walk in fridge

Stairs to office, toilet facilities, store room rear yard, 2 x parking spaces and walk in freezer, all of which can also be accessed at ground floor level to the rear of the property from New Street.

GROUND FLOOR ACCESS FROM NEW STREET

Hallway entrance to:-

FLAT 1 – Kitchen, lounge / diner.  First Floor – 2 x bedrooms, bathroom

POTENTIAL SECOND FLAT – subject to necessary planning permissions – Ground floor store room 14`0 x 11`3 (4.25 m x 3.40 m).  First Floor – 25`8 x 23`2 (7.80 m x 7.05 m).  Currently utilised as storage and open roof space

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk