JD Commercial Property Directory

A SUBSTANTIAL & REFURBISHED TOWN CENTRE CIRCUIT INN

 Extensive & refurbished trading areas over two floors
 Highly popular town centre circuit inn
 Roof terrace garden
 Contemporary fitout with quality fittings & furniture
 C. 5,000 sq ft ground floor trading areas
 Currently run under management with high turnover & meaningful net profits
 Three flats with potential for two more
 Services : All mains connected
 Rateable Value : £44,000 Rates Payable : £19,404
 Flat 1 - Council Tax Band A; Flat 2 - Council Tax Band A & Flat 4 - Council Tax Band B

LOCATION

Geographically, Barnstaple sits on the banks of the River Taw near the North Devon coastline. The area enjoys a unique topography with an extensive sandy beach coastline and close proximity to Exmoor National Park. Barnstaple has expanded from its market town origins, to become the areas Regional Centre. Several national house builders are completing residential developments within the town and its suburbs. Commercially the town contains many of the major national retailers and several edge of town developments have been completed. The sustained wealth and growth of the area has been enhanced following the building of the A361 linking North Devon to the M5 at Tiverton. The road network has been further enhanced by the construction of the new downstream bridge at an estimated cost of £40m.

THE SITUATION

The Tavern is situated on the corner of Silver Street and Diamond Street close to the junction of Boutport Street with the High Street and a short walk from Barnstaple Town Square. The Tavern is part of the town centre circuit. Ideally placed for chance / passing trade between Barnstaple's main nightclub and town centre pubs. The Tavern is located only a few yards from the municipal bus station and the two Queen Street car parks.

THE PROPERTY AND CONSTRUCTION

The property is mainly of rendered stone elevations beneath pitched and slated roofs. Over the years, the Tavern has become an amalgam of several properties including a former school house and thus benefits from much historic and character detailing. The main trading areas are to the ground floor and extend to c. 5,000 sq ft of linking bar areas. The first floor trading areas extend to a further c. 1,500 sq ft including the roof terrace garden (c. 1,000 sq ft). To the second floor are three flats and 2 further potential flats.

THE PROPOSAL

Our clients are inviting offers for the freehold interest, although leasehold proposals may be considered on merit.

THE BUSINESS

In recent years the business has been run under management and heavily staffed. The operation is predominately wet lead with a growing food trade, along with fruit and amusement machine income. The premises trades seven days a week and is considered one of the more popular licensed premises in Barnstaple. Trading figures for the last year end indicate a turnover of c. £650,000, with turnover guides of £15,000 in the summer months and £11,000 in the winter months. Accounts will be made available to intending purchasers.

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.

LICENCE

The property enjoys a Premises Licence. Hours are licensed Sunday - Wednesday 10.00 am - 2.30 am with the remaining days from 10.00 am - 4.30 am.

THE ACCOMMODATION (comprises)

MAIN BAR
Of split level design with beamed ceiling, cast iron pillars, brick pillars and revealed brick walls. Main return bar servery with beer stations, fonts, postmix optics, etc,. 5 defined seating areas, 2 pool table areas, dance floor, wide screen TVs, table and chair and sofa seating, wall lights, cast iron railings. Doors to Diamond Street and doors to Silver Street

GENTS TOILETS
Stainless steel urinal, basin, 1 cubicle and drier

LADIES TOILETS
2 basins, 2 cubicles and drier

DISABLED TOILET
Low level w.c., basin and hand drier

SIDE BAR
Revealed brick walls and pillars, revealed brick fireplace, heavily beamed ceiling. Sofa, table and chair seating, 2 pool tables. Open bar servery. Feature old red telephone kiosk. Doors to Silver Street

LADIES TOILETS
2 cubicles, basin and hand drier

GENTS TOILETS
Stainless steel urinal, 2 cubicles, 2 pedestal basins and drier

KITCHEN
Range of stainless steel catering equipment including extraction system, 6 burner gas range, Lincat grill, Lincat flat top griddle, 2 pan fryer, stainless steel equipment stands, fridges, freezers, etc,. Stainless steel single drainer sink unit with stainless steel hand basin alongside

From the main bar, a cast iron spiral staircase rises to the :-

FIRST FLOOR

SEATING AREA
Having doors to :-

ROOF TERRACE
In 2 parts having timber deck flooring, table and chair seating, planters, brick built flower beds and further quarry tiled area with table and chair seating, extending in total to around 1,000 sq ft

GENTS TOILETS
3 urinals, 2 round contemporary basins, 1 cubicle, tiled walls and floor, 2 hand driers

LADIES TOILETS
3 round contemporary basins, 3 cubicles, tiled walls and floor, hand drier

TOP BAR
Double aspect with French windows to roof terrace, sofa, table and chair seating. Stripped wood and carpet flooring, brick fireplace. Bar servery with beer stations, chillers, optics, etc., wide screen TV

Stairs to SECOND FLOOR

Part developed FLAT comprising :- Lounge, kitchen, bedroom and shower room

FLATS

FLAT 1

A 4 double bedroom unit with 2 lounges, fitted kitchen and 2 bathrooms (1 not used).

FLAT 2

A double bedroom flat with lounge, kitchen / diner, shower room and cloakroom

POTENTIAL FLAT

Currently as office comprising lounge, bedroom, bathroom (not fitted) and cloakroom with w.c.

STORE ROOM

Possible flat extension or office use

CELLARAGE

Extensive cellarage comprising bottle stores along with main cellar having air conditioning, pressurised beer raising equipment, etc., and spirit cage. Dray delivery via Silver Street

Commercial Funding

Our association with Cowling Commercial Finance means we are able to offer you links to competitive finance packages.  With approaching 30 years experience in the commercial funding sector, Mike Quinn, is able to provide funding no matter where you purchase a business, or which agent you purchase through.  For further information, please contact us.

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: james@jd-commercial.co.uk