Substantial Tow Centre Premises - Bideford - Let to Job Centre wuth Vacant Upper Floors

Submitted on Wed, 05/08/2020 - 10:35

Located in the heart of Bideford Town Centre on North Road is Northbank House.  The substantial three storey premises is let to the Job Centre on ground floor, 6,224 sq.ft (578 sq.m) with the two upper floors being vacant and having a floor area of 9,320 sq.ft (866 sq.m), making the proposition of interest to both investors and developers.  Whilst the ground floor brings in a rental of £50,000 per annum, on a 10 year lease term, the upper floors are suitable for additional rental income, by way of letting, or potential conversion to alternative uses, such as residential units (subject to planning permission).  It is not only the building that forms part of the sale as there is car parking for approximately 25/30 vehicles as well as a rear walled garden area.  The property is available from a quoting price of £600,000 and is being offered by Joint Sole Agents JD Commercial and JLL, Exeter who can be contacted on (01237) 424053 or (01392) 423696 respectively.  Further information and virtual tour available via www.jd-commercial.co.uk.