Albert Lane, Barnstaple, Devon, EX32

LOCATION
Adjoining Barnstaple Bus Station off Queen Street and within level walking distance of the High Street and nearby car parks.
Situated in a very convenient spot within the town centre.
Barnstaple is recognised as the main commercial town in North Devon with a population of around 35,000 inhabitants.
It is popular with tourists who flock to the North Devon area throughout the year.
There is a regional rail line to Exeter and thereafter to the main network and good vehicular access from the North Devon Link Road connecting to Junction 27 of the M5 Motorway, about a 45 minutes’ drive away.
There are numerous housing developments being built which can only increase retail demand within the town.

THE PREMISES
The detached premises have been purpose built for retail use and have most recently been used as a mobility care shop and offer around 1,243 sq ft overall including a disabled and staff cloakroom as well as a small kitchen.
There is gas fired central heating and the building is split into 5 interlinked office/retail areas.
There are two external doors and windows on two sides.
Now available with vacant possession and would be ideal for retail or office use, subject to any necessary planning consent.
Some parking spaces could be made available nearby at an additional cost per annum.

THE PROPOSAL
Webbers Commercial are pleased to have been instructed by the Landlord's, the North Devon District Council to find a new tenant for this modern detached building.
All offers will be considered and a new FRI lease is available for a term of years to be agreed at a commencing rent of £11,500 per annum plus contribution to insurance costs.
An incoming tenant will need to provide the following for landlord's approval:
Proof of ID, two trade/professional references, 3 months bank statements and if it is a new start up business, a business plan will be required.

BUSINESS RATES
£11,500 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING
Strictly by appointment through the selling agents.

SERVICES AND UTILITIES
Mains water, electricity and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

LEGAL ADVICE
We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant’s responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.