Summary - BAZAAR, 3, GAMMON WALK EX31 1DJ
1 bed 1 bath Shop
**Standout Features:**
- Established retail business 'Bazaar' with over 30 years of trading history.
- Prime location in the Gammon Walk retail parade off Barnstaple's High Street.
- Attractive interior layout ideal for “lunchtime” browsing, with a gross area of approximately 812 sq. ft. (75 sq.m).
- Stock includes exclusive brands like Jellycat and Lily-flame, with an estimated stock value of £25,000-£30,000.
- Solid turnover of around £130,000 and average net profit of £30,000; 100% small business rates relief.
- Leasehold interest available with approx. 4 years left on the current lease at £15,750/year plus service charges.
**Concise Summary:**
Discover a unique opportunity to own 'Bazaar,' a charming retail space located in the heart of bustling Gammon Walk, Barnstaple. This established shop combines a lucrative 30-year history with a welcoming layout ideal for attracting daytime foot traffic. The versatile space features essential amenities, including a counter servery, stockroom, and office, perfect for a variety of retail endeavors.
Despite its excellent location amidst popular retailers and significant local footfall, potential buyers should note the leasehold nature of the property, currently following a four-year term that might pose lending challenges. The surrounding vibrant community is rapidly expanding, promising future business growth, making this shop an ideal venture for first-time business owners or investors seeking a profitable entry point in retail. Don’t miss this chance to step into an established business within a thriving town!
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