The Watergate 7 The Strand 18,659 SF Retail Building Barnstaple EX31 1EU $672,414 ($36.04/SF)

Barnstaple is a historic market town located in North Devon, South West England, situated approximately 34 miles northwest of Exeter and 10 miles south of Ilfracombe. The town serves as a key commercial and administrative centre for the surrounding region and lies on the banks of the River Taw. Barnstaple is well connected by road via the A361 North Devon Link Road and benefits from regular rail services to Exeter via the Tarka Line. The area is also served by a number of bus routes offering convenient access to nearby towns and villages across North Devon. The Watergate occupies a prominent position on The Strand in the centre of Barnstaple, overlooking the River Taw and just a short distance from Barnstaple’s main retail area. Barnstaple railway station is located approximately 0.5 miles to the north east. The surrounding area is a mix of commercial and leisure uses, with nearby occupiers including the Museum of Barnstaple and North Devon, The Royal & Fortescue Hotel and The Imperial Hotel and a range of independent shops and restaurants. The popular Green Lanes Shopping Centre and Barnstaple Pannier Market are also within close proximity.
Substantial public house in popular tourist location for sale on behalf of JD Wetherspoon.
The Water Gate comprises an end of terrace building of brock construction with painted and rendered elevations under a pitched roof. It is laid out on ground and two upper floor levels. Externally there is a customer terrace which is outside of our clients freehold title but held by way of a pavement licence from the local authority. It seats 40 customers.
Freehold Popular tourist destination Attractive location overlooking the River Taw External pavement licence for customer seating Extensive trading accommodation on ground floor Potential to develop upper floor (subject to consents) Total GIA of approximately 1,726 sq m (18,659 sq ft) Offers are invited in excess of £500,000 for the benefit of our clients freehold interest Ground Floor: Trading accommodation with bar servery to one side with a variety of fixed booth seating, loose tables and chairs for approximately 280 covers. A catering kitchen, beer cellar, staff changing facilities and various stores are also provided at this level. First Floor: Comprises of customer WC's alongside a large undeveloped storage area. plant room and staff room. The cellar is situated on the first floor adjacent to access to the service yard and small goods lift used for deliveries. Second Floor: Additional undeveloped storage areas.
Freehold 2023 Rateable Value - £98,000 EPC Rating: B - 44 The property benefits from a premises licence permitting the dale of alcohol until 04:00 seven days a week.