Retail Property (High Street) for rent in Devon
LOCATION
The business is located in the famous Grade II listed Butchers Row which is a parade of shops opposite Barnstaple's popular Pannier Market, in the heart of the town.
All of the shops face North keeping all the produce cool and selling agricultural goods including a Bakery, Delicatessen, Butchers and Cafes. Barnstaple in recognized as North Devon's regional centre having a population in the region of 35,000 inhabitants and serving the surrounding rural hinterland with a population in excess of 120,000 inhabitants.
The Council have plans to rejuvenate Butchers Row and the Pannier Market with a walkway from Queen Street Car Park, the largest in the town, directly into Boutport Street and Butchers Row.
This will greatly enhance pedestrian flow and numbers entering the centre or the town via this route.
THE PROPERTY
We are offering the sale of the lease of this lock-up shop which has approximately 585 sq ft of retail space.
The property is a Grade II Listed building located in a conservation area.
TENURE
The two premises are held on a leasehold agreement from the 1st of July 2019 to the 30th June 2022.
The business is available for an ingoing premium of: £120,000 plus a rental of £12,525 per annum.
It should be noted that the Butchers Row premises are held on a lease from the North Devon District Council on favourable terms.
A copy of the lease is available at the offices of Webbers Commercial for inspection as is a copy of the licence.
An ingoing tenant will need to provide the usual bank and trade references for Landlords approval.
THE PROPOSAL
Our client has established a thriving cheese delicatessen and has built up an excellent reputation.
The business has excellent local support with the added bonus of an influx of holiday makers from April onwards and massive Christmas trade.
The owner has built a strong foundation of providing high quality food giving prospective purchasers a very strong basis to develop and grow the business.
THE BUSINESS
Genuine retirement sale after 8 happy years. Specialising in local artisan and handmade fine foods the business offers a wide range of products including over 120 cheeses, Italian & Spanish charcuterie and a selection of meats, pies, pasties, pork pies, tarts plus their award winning scotch eggs, quiches and sausage rolls cooked daily on the premises.
The business benefits from a premises licence with many local brews, ciders, ales and wines focusing mainly on a local range.
They also stock sweet treats from cakes and bakes to local biscuits, fudge and chocolate treats.
They have a fabulous and ever popular oil and vinegar bar where they mix their own selections for you and encourage customers to come back for refills which proves very popular.
In addition to this, there is a small giftware selection which includes wicker baskets and hampers and lovely locally sourced chopping boards made for them, food hampers made to order is also part of the business.
Opening 5 days a week in the winter, the shop turnover for the year ending 31st March 2020 is £226,261.
Audited accounts will be made available to those interested parties who have inspected this profitable business.
SHOP Internal Width 39'2" (11.94m) x Internal Depth 15'1" (4.6m). (Dimensions incorporate the walk in cold room measuring 6'9" x 10'4" (2.06m x 3.15m). The shop has a range of display cabinets and refrigerated open top and glass covered cheese display cabinets, rear work surface with sink unit, range of scales and electric till. The shop is comprehensively equipped and furnished as a going concern including trade fixtures and fittings, subject to inventory.
AGENTS NOTE We understand stock will have to be purchased at valuation and the last stock take was in the region of £18,000.
SERVICES Mains electricity, water and drainage.
RATEABLE VALUE £9,500 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.
VIEWING Strictly by appointment through the selling agents.
VAT All interested parties should make their own enquiries of HMRC.
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
www.environment-agency.gov.uk
www.landregistry.gov.uk
www.gov.uk/green-deal-energy-saving-measures
www.homeoffice.gov.uk
www.ukradon.org
www.fensa.org.uk
www.nesltd.co.uk
http://list.english-heritage.org.uk
Important information
Property Ref: 55707_COM210027_L
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