Flat for sale in Litchdon Street, Barnstaple, Devon EX32

Location
Within a short walk of the town square by the Museum and close to all High Street shops and Rock Park, this property is ideally placed for access to all amenities. 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.<br/>From the Webbers Barnstaple office turn left and proceed down Queen Street towards the Bus Station, keep on the right hand side. Cross over the inner relief road turning right towards the Square and Museum. Take the first left turn past the Bike Shop and beyond Brewer Harding & Rowe solicitors offices. The premises are on the left hand side just past the Record Shop and opposite the rear of The Imperial Hotel.

8 Litchdon Street

Lock up shop & store room circa 322 sq ft.

Ground Floor Store

9 Litchdon Street

Mews cottage style which is approched from the rear courtyard.

Ground Floor

Open Plan Kitchen Diner (3.38m x 5m)

Lounge (3.38m x 3.05m)

Stairs To First Floor

Bedroom 1 (1.75m x 2.6m)

Shower Room/WC (2.18m x 1.55m)

Bedroom 2 (3.84m x 3.1m)

9A Litchdon Street

The apartment has rear access from the courtyard.

Ground Floor Hall & Lobby

With wall mounted gas central heating boiler.

Kitchen (3.96m x 2.24m)

Bathroom /WC

Three piece suite.

First Floor Open Plan Lounge (3.96m x 3.53m)

Inner Landing

Bedroom 1 (2.6m x 2.2m)

Bedroom 2 (3.84m x 4.11m)

With walk in cupboard off.

10 Litchdon Street

Lock up shop circa 175 sq ft.

10A Litchdon Street

Apartment accessed via the central covered walkway/yard.

Ground Floor Lobby

Cloakroom

Stairs To First Floor

Open Plan Area.

Kitchen (2.95m x 2.26m)

Lounge/Kitchen (3.78m x 2.26m)

Bedroom 1 (3.76m x 3.43m)

Bedroom 2 (2.67m x 3.78m)