42 Boutport Street
42 Boutport Street
- 2 Bedrooms
2 bedroom investment sold
- Agent The Wright Property Barnstaple
- Agent Number 01271 374062
Offers in the region of £295,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
About this property
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Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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Material information
COMMERCIAL & RESIDENTIAL INVESTMENT FOR SALE
42 BOUTPORT STREET
BARNSTAPLE EX31 1SE
GROUND FLOOR INVESTMENT
FORMER CLUB & FLAT
ACCOMMODATION OVER 3 FLOORS
CLUB/RESTAURANT OF 3,360 sq ft
SEPARATE 2 BED FLAT
IDEAL FOR RESIDENTIAL CONVERSION
COMMERCIAL & RESIDENTIAL INVESTMENT FOR SALE
42 BOUTPORT STREET
BARNSTAPLE EX31 1SE
GROUND FLOOR INVESTMENT
FORMER CLUB & FLAT
ACCOMMODATION OVER 3 FLOORS
CLUB/RESTAURANT OF 3,360 sq ft
SEPARATE 2 BED FLAT
IDEAL FOR RESIDENTIAL CONVERSION
PRICE: OIRO £295,000 FREEHOLD
DESCRIPTION
The premises are arranged over 3 floors. The ground floor is occupied by Coral Bookmakers and extends to 1700 sq ft.
The (vacant) upper floors (1st & 2nd) comprise a large former Club of c. 3,360 sq ft to the first floor and a large 2 bed flat to the second floor. The former Club comprises fitted main bar with servery and cellar, adjoining function room with elevated DJ kiosk/office, ladies and gents’ toilets, separate function room and kitchen. It is felt that the former club premises would be ideal for conversion to residential accommodation. The flat comprises 2 bedrooms, lounge, kitchen and bathroom.
TENANCY
Coral occupies the ground floor on a renewed 5 year lease term from 24th June 2022 at a passing rent of £22,500 p.a.x.
(The upper floors were previously let agreed at a commencing rental of £21,600 p.a.x).
PROPOSAL
The premises are offered on a Freehold basis, to include the investment at OIRO £295,000.