The Strand, Barnstaple, Devon

Pub for rent in Devon

Overlooking the River Taw
Historic building to let
Operated as a catering establishment for many years
Lock-up ground & first floor space
Rear courtyard
New lease available

LOCATION
This 1650 property occupies a wonderful location overlooking the refurbished Strand, Queen Anne's Walk and riverside walks which is now a pleasant public area largely a traffic free boulevard. Therefore the property overlooks a public park environment with lawns and terraces and beyond, the River Taw estuary. In the Strand are numerous businesses including a public house owned by Wetherspoons, a bridal gown shop, IT company, estate agents etc. The Strand is very much in the heart of the Barnstaple and the thriving community and is is fast becoming the "foodie quarter" of the town.

Barnstaple is North Devon's premier commercial centre having a population of some 27,000 inhabitants. It is perhaps most famous for the Pannier Market, where regular markets are still held and Butchers Row with its authentic shops. The town also has an enclosed shopping precinct called Green Lanes and on the outskirts of town are numerous supermarkets.

THE PROPERTY
The Old Custom House is the oldest building on The Strand and is a 17th Century Grade II listed building. Over the years it has been occupied by private individuals as a house, general store and continued as a shop until 1995 when part of the shop became a tea room. It has traded most recently as a successful specialist burger restaurant. It is now available with vacant possession and offers the opportunity to acquire this leasehold property and establish a new catering business.

The ground floor of the property has a front bar/reception area with seating for 12 customers, to the middle section there is a dining area with seating for 18 customers and to the far end are the ladies and gents cloakrooms and store room with access to an enclosed courtyard for al fresco dining. To the first floor there is a minstrel gallery with seating for 12 customers and a panelled dining room with seating for a further 22 customers. Off the landing is the well-equipped commercial kitchen.

The property is now available with vacant possession and has an established reputation over the last few years as a quality venue for fine dining. It is considered that an incoming purchaser with some catering experience will see the potential to develop this into a local venue for a high class restaurant and we strongly recommend early enquiries to avoid disappointment.

TENURE
The premises will be made available on the basis of a brand new lease at a commencing rental of £15,000 per annum with an ingoing premium of £10,000. Thereafter a turnover rent will be considered. The term of the lease is to be agreed between the parties and the incoming tenant will need to provide the usual bank and trade references for Landlords approval.

AGENTS NOTE
Our client will be prepared to consider a possible private funding package or possible equity/risk enterprise participation for the right applicant. Full details available on request.

GROUND FLOOR RESTAURANT

FRONT SECTION 20'5" x 17 (6.22m x 17). Views overlooking The Strand. Seating for 12 customers. The restaurant has a deep set natural wood bar servery with range of feature beams, part rendered and part exposed stone walls, wash hand basin and dishwasher.

MIDDLE SECTION 14'9" x 17'1" (4.5m x 5.2m). With seating for 18 customers. Incorporating the stairwell and with side entrance door.

INNER HALLWAY 4'11" x 20'6" (1.5m x 6.25m).

REAR LOBBY    Access to:

COURTYARD    Private walled courtyard which is a sun trap and idea for additional seating.

UTILITY ROOM 11'10" x 6'9" (3.6m x 2.06m). With single drainer sink unit, Baxi wall mounted boiler, plumbing for washing machine, formica work top and door to walk-in cupboard.

LADIES CLOAKROOM    With low level toilet and wash hand basin.

GENTS CLOAKROOM    With low level toilet and wash hand basin.

DISABLED CLOAKROOM    With low level toilet, sink unit, hand rails and extractor fan.

STAIRS TO FIRST FLOOR

MINSTREL GALLERY    With seating for 12. Exposed 'A' framed original roof beams, 2 Velux windows and 2 side windows.

RESTAURANT AREA 17'2" x 13'8" (5.23m x 4.17m). With seating for 22. A character panelled room overlooking The Strand.

COMMERCIAL KITCHEN 18'3" x 17'2" (5.56m x 5.23m). Comprehensively equipped.

OUTSIDE    The property is pavement fronting.

SERVICES    All mains connected.

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.

RATEABLE VALUE    £15,750 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.

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. For out of hours call our mobile number 07967 385228.

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

From Webbers Offices in Barnstaple walk down Church Lane directly opposite into the High Street, carry on opposite into Cross Street and at the bottom on the Strand turn left. The property is 50 yards away on the left hand side next to a barbers shop.

Important information

Property Ref: 55707_COM210024_L