49 Mill St, Bideford EX39 2JR – Bideford
Shop, retail unit to rent
£350.00 pcm 577 sq ft
Established Music Shop with Nil Ingoing Premium
• Within popular pedestrianised area of the Town Centre
STOCKROOM with shelving
KITCHEN and TOILET with low level w.c., wash hand basin, hot water heater
Street level self contained access leading to hallway
Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000. Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton. Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.
The property is situated within the centre of the pedestrianised area known as Mill Street which connects Bridgeland Street and the town's High Street. Mill Street has undergone considerable investment of recent years including mixed residential and commercial development schemes close by.
Being of two storey construction under a pitched slate roof, there is a single fronted shop unit at ground floor level with rendered elevations above. The ground floor provides a retail sales area of 577 sq.ft (54 sq.m) and is fitted with a service counter, assorted shelving, wall displays. Further facilities include a rear stockroom, kitchen and toilet facilities plus a mezzanine floor for further storage. The first floor provides a self contained one bedroomed flat which is currently let for £350 pcm.
Our clients are inviting offers for the leasehold interest of their business with the creation of a new lease for the commercial parts at a rent of £7,500 per annum. Alternatively our clients will consider the sale of the entire property to include the business.
The business was originally established by our clients in Wiltshire in 1998 and relocated to Bideford in 2011. Operated by a husband and wife partnership the business operates with no staffing with opening hours being 5 days per week 10am - 4pm. Having over 4,000 titles in store are our clients have an extensive range of CD's and DVD's with an increasing offering of vinyl, as well as back catalogue of titles that they are able to order for customers. Other lines that the business sells includes musical instruments and licenced merchandise. Turnover for the business from 2016 yearend to 2017 yearend saw an increase from £63,000 to £69,000. It is thought the business would be ideal for someone with an interest in music or those that can add an ancillary business to the existing operation such as music tuition etc.
The property is sold with an inventory of trade fixtures, fittings and equipment.
This shop, retail unit to rent is located in Bideford.