Retail premises for sale in Litchdon Street, Barnstaple EX32
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Litchdon Street is a historic street which has old alms houses, many character buildings and this property is directly opposite the rear of the Imperial Hotel.
The property
Two Grade II Listed commercial mid-terraced premises arranged as two shops, a central store room and two residential letting units behind and over the main shops.
There is a central communal yard and to the rear is a small end terraced cottage.
The potential rental income is as follows:
8 Litchdon Street - £560 pcm (commercial, currently vacant)
9 Litchdon Street - £850 pcm (residential, tenanted)
9a Litchdon Street - £900 pcm (residential, tenanted)
10 Litchdon Street - £210 pcm (commercial, tenanted)
10a Litchdon Street – 800 pcm (residential, tenanted)
Store Room - £100 pcm (commercial, used by the owners)
Potential annual gross income of £41,040 when fully let.
The owners of the property are actively looking to have the whole property occupied.
Business rates
£3,500 (Shop at 8 Litchdon St) £2,425 (Shop at 10 Litchdon St) 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.
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 buyers responsibility.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Webbers Commercial, EX31 on +44 1271 618961 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Webbers Commercial, and do not constitute property particulars. Please contact Webbers Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.