Property for sale

Riverside Court, Castle Street, Barnstaple, Devon EX31

A Victorian property, substantially extended and modified in the 1980s and currently operating as a business centre providing units suitable for office, medical/therapy, fitness/leisure or other commercial uses. Configured as 8 units on ground, first and second floors within three interconnected buildings with access via two archways which lead to enclosed courtyard areas.

Mixed use commercial investment

NIA: 6,494 sq ft (603.30 sqm)

5 tenants occupy 8 units

Guide price: £850,000

Passing rent: £90,485 p, a, fixed increases

Barnstaple is the commercial heart of North Devon, playing a pivotal role in the region's business and industrial landscape. The town hosts key commercial hubs, including Greenlanes Shopping Centre and Roundswell Business Park, making it a central location for both retail and industrial enterprises.

With strong transport links via the North Devon Link Road and rail services, Barnstaple offers excellent connectivity for logistics and commuting, ensuring seamless access to nearby towns such as Bideford, Torrington, and Exeter. As the largest town in the area, Barnstaple stands out as a vital center for commerce and business development.

A Victorian property, substantially extended and modified in the 1980s and currently operating as a business centre providing units suitable for office, medical/therapy, fitness/leisure or other commercial uses. Configured as 8 units on ground, first and second floors within three interconnected buildings with access via two archways which lead to enclosed courtyard areas.

The internal specification varies from unit to unit, but broadly comprises:
Suspended ceilings to most areas
A mix of recessed and mounted lighting (both fluorescent and LED)
Wall-mounted electric heating
Air conditioning has been installed by tenants of two units
Perimeter trunking to many areas providing power and data
Double glazed windows / secondary double glazing to all units
All units have own WCs and kitchens/tea points

Services
All lettable units have separately-metered electricity supplies; water and drainage are supplied by the landlord and re-charged to tenants; the Landlord maintains the fire alarm system to all areas.

Accommodation
Suite 1: Ground Office 2,090 sq ft / 194.20 sq m
Suite 2: Ground Office 465 sq ft / 43.20 s qm
Suite 3: Ground Office 555 sq ft / 51.60 s qm
Suite 4: First Office 540 sq ft / 50.20 s qm
Suite 5: First Office 445 sq ft / 41.30 s qm
Suite 6 : First Office 718 sq ft / 66.80 s qm
Suite 7 Second Office 1,295 sq ft / 120.30 s qm
Suite 8: Ground Office 386 sq ft /35.90 sq m
Total: 6,494 sq ft / 603.30 sq m

The property is elected for VAT. It is assumed that the transaction will be treated as a Transfer of Going Concern (togc), in which case VAT will not apply to the sale price.

Each party to bear their own legal costs in the transaction.

Suite 1 D May 2036
Suite 2 D May 2036
Suite 3 D September 2030
Suite 4 E September 2030
Suite 5 D May 2036
Suite 6 C March 2031
Suite 7 C November 2034
Suite 8 E March 2027

See details.

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