- Freehold Opportunity
- Two Vacant Shop Units
- Two Long Leasehold Flats
- Ideal for an Owner Occupier
- Good Order
- Central Location
Barnstaple town centre offers an excellent range of amenities including both local and national high street shops, banks and leisure facilities, including cinema, theatre and leisure centre, and the North Devon District Hospital just on the periphery of the town. The North Devon Link Road (A361) is also convenient and offers a fast route to the M5 at Junction 27 (Tiverton) and the Motorway Network beyond. An excellent bus service operates between Barnstaple and surrounding towns with further connections beyond. A national mainline railway line links Barnstaple with Exeter St. David's, with further connecting services to London and beyond. Exeter International Airport is just 5 miles from Exeter City and 5 minutes from the M5 motorway (Junction 29) offering both scheduled and holiday charter flights.
18 Joy Street - Lock up retail unit providing a retail trading area of 55.76 (600 SqFt). Current rental income is £9,000 per annum.
19 Joy Street - Lock up shop unit providing a trading area of 81 sqm (878 SqFt). This property was formally occupied as a hairdressers. Previous rental income was £12,000 per annum.
The freehold includes two long leasehold flats. Flat 1 a 99 year lease from 4th August 1988. Flat 2 a 99 year lease from 29th July 1988. Each flat pays an index linked service charge of £668.25 in 2017 payable for the cost of insurance and repair.
Our clients are seeking offers in the region of £225 000 for the benefit of the Freehold.
Each party will be responsible for their own legal costs.
SUBJECT TO THE FOLLOWING TERMS
The flats are held on a long leasehold interest as detailed above.
18 Joy Street - £6,600. 19 Joy Street - £11,500.
Strictly through John Smale and Co. All enquiries to David Edwards; firstname.lastname@example.org