THE RAILWAY STATION, BARNSTAPLE 510 sq ft Retail Property Sticklepath EX31 2AU £84,950 (£166.57/sq ft) 7.53% Net Initial Yield

Leasehold business sale of a well-established and profitable cycle hire operation located at Barnstaple Railway Station, positioned directly on the renowned Tarka Trail / South West Coast Path.
The sale comprises the leasehold interest only, to include the goodwill of the business together with all trade fixtures, fittings and equipment. The business operates from a self-contained unit within the railway station and is configured as a reception area, workshop, bike stores (including mezzanine storage), WC facilities, and covered and open hardstanding areas.
The business has traded from this location since 1993 and currently operates on a seasonal basis from March to October, generating strong turnover with a low cost base, including a current rent of £6,400 per annum and eligibility for 100% Small Business Rates Relief (subject to status).
The guide price of £84,950 is for the leasehold interest, goodwill, fixtures and fittings, with stock available by separate valuation (SAV estimated at £51,000).
This opportunity would suit an owner-operator seeking a lifestyle and leisure business in a high-footfall, tourism-driven location with excellent transport connectivity.