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2-5 Gammon Walk 812 SF of Assignment Available in Barnstaple EX31 1DJ
ASSIGNMENT HIGHLIGHTS
- Many exclusive and well-known brands including Jellycat, Lily-flame candles, Lanka Kade wooden toys
- Within covered retail parade off town’s High Street
- Operated 6 days per week by 3 family members working 3-4 days each
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste BAZAAR, UNIT 3 | 812 SF | Mar 2029 | $25.84 /SF/YR $2.15 /SF/MO $20,985 /YR $1,749 /MO | Fully Repairing & Insuring |
Ground, Ste BAZAAR, UNIT 3
Being an assignment of the existing lease, being renewable, and with approximately 4 years remaining at a current rent of £15,750 per annum, plus a monthly service charge of approximately £140 per month. Our clients are inviting offers for the Leasehold interest. Any current stock to be purchased at valuation upon completion, estimated at £25,000-£30,000. Being a single fronted lock up shop premises within the Gammon Walk retail development. The ground floor shop unit provides a gross internal area of approximately 812 sq.ft (75 sq.m) and is fitted with counter servery, spot lighting, burglar alarm, carpet, slat walling, exposed hanging beams, display cabinets, card stands, shelving and display furniture. There is a rear entrance from the service yard behind. At first floor level is an office, toilet facilities and a fitted stock room.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Security System
- Secure Storage
- Demised WC facilities
- Hardwood Floors
- Fitted with counter servery
- Burglar alarm
- Stock room
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 812 SF | Gross Leasable Area | 1,448 SF |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Storefront |
| Total Space Available | 812 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 1,448 SF |
| Year Built | 2000 |
ABOUT THE PROPERTY
The business “Bazaar” has an established trade of over 30 years have been within the same family ownership for the past 15 years. Main lines include gifts, cards, furniture, home furnishings and jewellery with a number of well known suppliers including Lily Flame Candles, Jellycat Soft Toys, Lanka Kade wooden toys, CGB Supplies and a number of greetings card suppliers. The business is operated Monday – Friday 9.30 am – 5.00 pm, Saturday 9am-5pm with business supporting 4 members of staff (mother and 2 daughters) each working 3-4 days per week, plus one non family member working 2 days per week. Turnover for 2023 was £128,000, 2024 £130,000 with an average net profit of £30,000 taking into account some outgoings for staff wages, with the business benefitting from 100% small business rates relief. The business is a reluctant sale due to pending retirement.
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2-5 Gammon Walk
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