Property description
Industrial Unit with approximately 3800 sq foot (350sq meters) with a quarter of an acre yard space/parking.
Currently split into 3 units with a potential rental income of around £27k. The owners occupy one of the units and the downstairs unit is rented for £5200 per annum with the remainder of a 2 year lease.
The owners have had plans drawn for another 2 units on the yard space but haven't applied for planning permission. Plans are available on request.
Location:
The commercial unit is situated in the Clovelly Road Industrial Estate which is on the outskirts of Bideford and just off the A39 and close to Atlantic Village and Asda. There are a variety of business situated close including Devonshire Pine, Plumb Centre, City Plumbing and Braddicks.
Bideford is the main town within the Torridge District and has a population of 16'000. Barnstaple is the main hub of North Devon with a population of 30'000 and is 8 miles to the east of Bideford.
Use:
B1 Business
Rates:
Interested parties are advised to discuss with the Valuation Office direct for exact rates (01271 396300).
Services:
Mains water and Sewerage and electricity (3 phase)
Legal Costs:
Each party to bear their own legal costs
VAT:
Under the Finance Acts 1989 and 1997, VAT may be levied on the Rent/Sale price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement. We are led to believe VAT isn't applicable to this property.
Property Info: