Restaurant/cafe to let
£12,000 pa (£12000.00/sq. ft. pa)
The Strand, Barnstaple EX31
Restaurant/cafe to let
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Call +44 1271 618961 *
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*Ingoing Premium of: £20,000*
The property comprises the ground floor of a mid-terrace commercial building offering a takeaway with preparation room to the rear and separate cloakroom. The premises are offered comprehensively equipped and furnished, subject to trade inventory, and in recent years have been completely modernised for the purposes of a catering outlet. There is potential to extend the business by offering a delivery service and by providing outside seating subject to Council approval.
In a busy town centre trading position, close to the night club circuit and fronting on to the re-furbished Strand in the heart of Barnstaple. In recent years The Strand has become a busy pedestrian open area overlooking the River Taw and only partly used by vehicles before 10am and after 5pm each day. The Strand is an attractive tree lined avenue and has become a popular catering venue for the town linking as it does to the town square in front of the museum.
Barnstaple is North Devon's main commercial centre having a population in excess of 35,000 inhabitants and serving the surrounding rural hinterland with a population in excess of 130,000 inhabitants.
Our client, the Landlord, is seeking to offer a brand new lease on the premises with the asking rental of £12,000 per annum, to include all equipment subject to trade inventory. A month’s rent is required in advance plus a months deposit. An ingoing premium of £20,000 is also required. The vendor will consider accepting stage payments of the ingoing premium, paying the first £10,000 upfront and the remaining £10,000 at a later stage.
This is a rare opportunity to acquire a busy town centre late night takeaway with the benefit of opening until 4am and being close to the night club in the town centre, the near-by Weatherspoon's public house on The Strand and the catering venues on The Square.
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
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