JD Commercial Property Directory

TOWN CENTRE BAR ON LOCAL CIRCUIT WITH OWNERS ACCOMMODATION

 Prominent corner sited premises
 Ideal first venture into licensed trade
 Increasing business, with potential for a variety of trading styles e.g. wine bar
 Open trading area overlooking street scene
 Owners one bedroom apartment above
 Currently run under management with staff, 100% wet sales
 Undertaking both daytime and evening trade
 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

Laceys is on the busy junction which connects Bridgeland Street, Mill Street and Chingswell Street. In latter years Bideford has developed a reputation as a “good night out” venue.  Several parties travel from Barnstaple in favour of the Bideford throng.  The Town of Bideford is recognised as having one of the best and most atmospheric New Years Eve celebrations is recognised on a National Basis.  There are a variety of commercial operators in the immediate vicinity including office, retail and leisure users with residential accommodation close by and throughout the Town Centre.

THE PROPERTY AND CONSTRUCTION

Being a prominent corner sited premises, the property is of stone construction with rendered elevations under a pitched slate roof with rear servicing to cellarage.    The ground floor provides contemporary fitout with steps leading up to a raised seating area with a flat screen TV and darts area.     The front offers double concertina doors offering an open on-street aspect.   To maximise the trading areas, the toilets, cellarage and one bedroomed owner’s accommodation is at first floor level.    The first floor also provides access to a garden area which is currently unused.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

Our client’s have operated the business for approximately 18 months and are selling due to other business commitments.  In the time that they have owned the property they have increased the trade, which is continuing to grow, particularly with the introduction of live sporting events on the various screens throughout the premises.  Trading wet sales alone, the average weekly net turnover is £2,400 with fixed costs of circa £800 per week.  The business is run by a manager with a team of staff and it is thought more “hands on” owners would be able to maximise the profitability.  More trading information can be given to interest parties once they have viewed.

THE STOCK

All of the 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 is sold with the benefit of a Premises Licence.

RATES

We understand from the Valuation Office website that the premises are rated at £8,650, rates payable £4,230, prior to any reductions that may apply.

THE ACCOMMODATION (comprises)

MAIN BAR
40'4 x 16'7 max (12.30m x 5.05m) Concertina double doors providing an open aspect onto street level.   Cream buff and blue floor tiling, mahogany return bar servery with brass hand and foot rail, slate counter, marble pillars supporting glass grantee, spotlighting, mirrored optic racks and rail, chillers cabinets, glass washer, stainless steel wash hand basin, coffee machine, CCTV, ground coffee machine, till, roller grill.  Deco style uplighting, gas flame effect fire with wrought iron surround and hearth, ceiling cornice and ceiling rose, TV, quiz machine, jukebox, table and chair seating, bar stool seating

UPPER AREA
44'0 x 13'0 (13.40m x 3.95m) wood flooring, fruit machines, flat screen TV, spotlighing, café style single pedestal table and chair seating, sofas, darts board, tiled open tread stairway to :-

FIRST FLOOR

Hallway with wainscot walls, tiled floor, door to garden area (currently unused)

GENTS TOILETS
3 urinals, wash hand basin, 2 low level w.cs, tiled floor and walls

LADIES TOILETS
2 low level w.cs, wash hand basin, tiled floor and walls

CELLAR
Assorted cooling equipment, strip lighting, rear delivery access

PRIVATE APARTMENT

Hallway with carpet, radiator heating

BEDROOM 1
10`10 X 10`7 (3.30 m x 3.20 m) Carpet, radiator heating, double glazing, fitted wardrobe

SHOWER ROOM
Three piece showroom with tiled walls and floor

LOUNGE / DINER
17`5 x 12`9 (5.30 m x 3.90 m) Fireplace with electric fire and wood surround, marble effect hearth, radiator heating, carpet, double glazing

KITCHEN
Tiled floor, eye and base units, gas hob, electric oven, gas boiler, stainless steel single drainer sink unit, double glazing, plumbing for washing machine

OUTSIDE

Gravelled garden area which is currently unused as trading or private area.

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