Mill Street, Bideford, Devon, EX39

LOCATION
In a busy retail trading location in the centre of Mill Street, which connects the High Street to Allhalland Street in the centre of this thriving river port. A few yards away is the Co-Op Supermarket and is opposite WH Smith. The town has a population of around 14,000 inhabitants which is boosted during the summer months with an influx of tourists. It is the heart of the Torridge District area and is located approximately 11 miles from Barnstaple, North Devon’s regional centre is close to the fishing village of Appledore, the riverside village of Instow and the fashionable surfing resort of Westward Ho! Bideford is a tourist centre and port to the River Torridge and on the outskirts of town there are numerous supermarkets and the popular Affinity Devon Outlet Shopping.

THE PREMISES
The premises are mid-terraced and offer 458 sq ft of retail space with a store room and cloakroom beyond. Approached from an internal ground floor door of the shop, access is gained via a through hallway and stairs to the first floor, where there are two store rooms and a staff kitchen.
At the second floor level there are three further rooms, a cloakroom and a bathroom. Stairs lead beyond this to an attic storage area. The upper floors could easily revert to a flat subject to any planning consent that may be required. The premises are pavement fronting in the heart of Mill Street, a busy retail pedestrian thoroughfare and there is no rear outside space.

AGENTS NOTE
To comply with the Estate Agency Act it should be noted that Webbers Commercial are acting on behalf of a former employee of Webbers Property Services.

TENURE
The premises are let to the tenants who run the gift shop on a 5 year lease (commenced in 2024) with a break clause at 2 ½ years at £9,000 per annum. The tenant is responsible for internal repairs. Details are available upon request.

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

SERVICES
All mains connected.

BUSINESS RATES
£9,300 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.

LEGAL ADVICE
We strongly recommend that a buyer 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 buyer 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 buyer’s responsibility.