About this property

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.