Restaurant/cafe to let

£12,000 pa (£12000.00/sq. ft. pa)

The Strand, Barnstaple EX31

Restaurant/cafe to let 1 sq. ft*
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Property description

*Ingoing Premium of: £15,000*

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 £15,000 is also required. The vendor will consider accepting stage payments of the ingoing premium, paying the first £5,000 upfront and the remaining £10,000 after the first year.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Webbers Commercial, EX31 on +44 1271 618961 * (local rate)

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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 Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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