Former Nightclub/Bar & flat to Rent - Barnstaple - £695 per week -Direct from Landlord - Free of Tie

Description

Available now to rent is this massive former nightclub/bar/restaurant in the heart of Barnstaple. Only a 1 minute walk from the High Street and the famous central Barntaple Pannter Market. Over 4,500 square feet of property complete with a 2 bedroom owner's accommodation, commercial kitchen area, open bar, and cellar (with cooling equipment). See the photos. This massive property has a lot of potential to lend itself to many uses, allowing you to build up your business exactly how you want it. Long leases offered to allow you to invest in the property to make it a success, and benefit from this for many years to come. Video tour available to be sent on Whatsapp upon request.

*We own this property we are not agents. We don't charge any premium or legal fees or agent fees. We are the freeholder of this property and do everything in-house. Can move quickly and efficiently. We can be flexible on lease length, etc.


42 Boutport Street, Barnstaple, EX31 1SE

*Please note - this property no longer holds a premises licence, but this does not meant that one couldn't be applied for.


This property includes:
- Large 2 Bedroom owners flat
- Large open nightclub/bar area (previously also used as a pool/billiards hall)
- Bar area
- Multiple seating areas including front lounge area
- Commercial kitchen space
- Cellars and cooling equipment
- Male/Female WC'S

Rent: £695 per week
*Rent payable monthly in advance

Deposit: £6,000

Available: Now

Business Rates from 1st of April 2023 : £7,700*
*Note: These are not rates payable. This is below the threshold to qualify for full small business rates relief, and therefore shouldn't have to pay anything.


We can be flexible on lease length. Typically our tenants want a long lease which we can offer.

Leases are renewable.

We are happy to offer a tenant only break clause after year 3. This means if you decide this property wasn't the right decision or if you decide you no longer want it, you can end the lease early (on the break date, with 3 month's notice). If the business is doing well, you can stay for the full term. We cannot decide to break the lease early.

Leases are fully assignable. This means if you build up the business and wish to sell it on at a premium, this would be allowed (to a suitable tenant).

No premiums or agent fees or legal fees charged to you. The total ingoings due to us are the initial rent deposit and first month's rent. You will obviously also need enough to stock the pub to get it up and trading. This is wholly your responsibility.

We have no say in how you run your business. We are simply landlords of the property.

Please give me a call/message to discuss further or if you would like to arrange a viewing.

Ad ID: 1502125194