JD Commercial Property Directory

HIGHLY PROMINENT FORMER PUBLIC HOUSE WITH LIVING ACCOMMODATION SUITABLE FOR A WIDE VARIETY OF USES – NIL INGOING

 Prominent trading location at end of High Street
 Public House equally suited to restaurant, cafe or other catering uses
 Let with fitted commercial kitchen, including extraction system
 Town centre and circuit location
 Alternative uses considering including a wide variety of retail uses such as fashion, jewellers, antiques etc
 Two bedroomed accommodation on second floor level
 Available by way of a new lease
 Services : All mains connected

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 area's 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

Occupying a highly prominent return fronted corner site, the premises are situated on Boutport Street, at the entrance to the towns High Street.  Close by is The Strand, which is an area that has been subject to much redevelopment by the local authority's to achieve a café culture in the area, it is also the location for JD Wetherspoons Lloyds No.1 Bar.

THE PROPERTY AND CONSTRUCTION

Being a corner sited three storey premises, under a pitched slate roof, there are trading areas to the ground and first floors, with a two bedroomed second floor flat.  The ground floor comprises of circa 950 sq.ft (89 sq.m) trading space with toilet facilities to the rear and a first floor providing a further 420 sq.ft (39 sq.m), as well as a commercially fitted kitchen.  Previously the premises were operated as a ground floor bar with first floor restaurant.  The second floor is configured as owners / staff accommodation and comprises of two bedrooms, bathroom, office, kitchen and lounge / diner.

ALTERNATIVE USES

As well as being operated as a public house, the premises are considered suitable for a wide variety of catering trades including cafe, restaurant, bistro etc.  Alternatively the Landlord would consider uses such as office or retail including fashion, jewellery, antiques etc.

THE PROPOSAL

The premises are available by way of a new lease at a rent of £18,000 per annum, including the residential parts.  If the premises were to remain as a public house, the lease would be free of tie.

THE INVENTORY

The property is let with an inventory of trade fixtures, fittings and equipment, if desired, with ownership to be retained by the Landlord.

LICENCE

The property enjoys a Premises Licence.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

LOUNGE BAR
25`7 x 18`5 (7.80 m x 5.60 m) Corner bar servery, wood strip floor, could provide covers for circa 18, through to:-

SEATING / RESTAURANT AREA
28`11 x 16`7 (8.80 m x 5.05 m) Wood strip floor, could provide covers for circa 30.  To the rear are ladies and gents toilet facilities with obscured glass block work entrance

FIRST FLOOR

Landing area leading to:-

RESTAURANT / FUNCTION ROOM
20`10 x 20`0 (6.35 m x 6.10 m) Corner bar servery, wood strip floor, providing covers for circa 30

KITCHEN
Non slip flooring, canopy and extraction system, 6 burner gas oven, double deep fat fryer, double grill, 2 x microwaves, boiler, dishwasher, assorted stainless steel preparation benches / shelving.  Adjoining dry store and staff w.c.

SECOND FLOOR

The owners / staff accommodation comprises of office, 2 x bedrooms, bathroom and kitchen with adjoining lounge / diner, measuring 24`2 x 19`2 (7.35 m x 5.85 m)

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