JD Commercial Property Directory

PROMINENT TOWN CENTRE OFFICE PREMISES SUITABLE FOR OWNER OCCUPIERS / INVESTORS ALIKE

 Ground floor office premises of circa 800 sq.ft (74 sq.m)
 High specification fit out including laminate floor, false ceiling with recessed lighting, central heating, CAT 5 cabling
 Rental income of £916 per month from ground floor unit until September 2012
 Single fronted office unit with rear offices, back up areas, storage, kitchen, toilet facilities and rear yard
 Self contained three bed maisonette above with two reception rooms, currently unlet
 Rare opportunity to acquire Freehold office premises within Town Centre
 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 Mill Street, part of which provides a pedestrianised retail thoroughfare to the High Street.  Mill Street has undergone considerable investment of recent years including mixed residential and commercial developments, it also connects to Bridgeland Street, in which occupiers include Estate Agents, Solicitors, Accountants and Financial Advisors.

THE PROPERTY AND CONSTRUCTION

The original building is of three storey construction under a pitched slate roof with the ground floor foot print having been extended by way of latter extensions, all of which are under pitched slate roofs.  At ground floor level are office premises providing circa 800 sq.ft (74 sq.m) with additional kitchen, toilet facilities, storage and rear yard.  The offices are fitted to a high specification including CAT 5 cabling, false ceiling with recessed lighting, central heating, laminate floor, all of which is accessed from a prominent pavement frontage that the premises benefits from.  Above the office unit is a self contained 3 bedroomed maisonette over two floors, with two receptions, central heating and access to the rear yard, the maisonette is currently unlet.  The current Landlord has maintained the premises undertaking work as and when required.  It should be noted that the property is Grade II Listed.

THE PROPOSAL

Our clients are inviting offers for the freehold interest with the benefit of the existing ground floor lease until 25th September 2012, at £11,000 per annum.  Our clients will consider leasing the ground floor offices by way of a new lease once they are vacate, at £8,500 per annum.

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: £3,550 Rates Payable: £1,626 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 OFFICE / RETAIL UNIT

RECEPTION AREA
20`4 x 12'5 (6.20 m x 3.80 m) Single fronted window display, laminate floor, false ceiling with recessed strip lighting, CAT 5 cabling

Archway leading to:-

MAIN OFFICE
21`3 x 11`9 (6.45 m x 3.60 m) Laminate floor, false ceiling with recessed strip lighting, radiator heating, CAT 5 cabling, built up storage cupboards

OFFICE 2
15`4 x 11`4 (4.65 m x 3.45 m) Laminate floor, radiator heating, strip lighting

KITCHEN
Eye and base units, stainless steel single drainer sink, radiator heating

REAR OFFICE
15`3 x 9`3 (4.65 m x 2.80 m) Carpet, combi boiler housing, radiator heating, strip lighting, access to rear yard area

TOILET FACILITIES
2 x toilets with low level w.c’s, cloakroom with wash hand basin, tiled floor, radiator heating

SELF CONTAINED GROUND FLOOR ACCESS FROM MILL STREET

Hallway entrance leading to FIRST FLOOR landing with carpet and radiator heating:-

DINING ROOM
12`5 x 8`10 (3.80 m x 2.70 m) Laminate floor, radiator heating

KITCHEN
Eye and base units, single drainer sink unit, plumbing for washing machine, boiler housing

LOUNGE
17`6 x 16`2 (5.35 m x 4.90 m) Carpet, radiator heating, fire place with multi fuel burner and stone surround

BATHROOM
3 piece bathroom with vinyl floor, radiator heating

SECOND FLOOR

BEDROOM 1
15`3 x 11`10 (4.65 m x 3.60 m) Carpet, radiator heating

BEDROOM 2
12`9 x 9`3 (3.90 m x 2.80 m) Carpet, radiator heating

BEDROOM 3
19`6 x 8`6 (5.95 m x 2.60 m) Carpet, radiator heating

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