From
£575,000
Property for saleHigh Street, Barnstaple EX31
About this property
To be offered on Wednesday 30th September
Well Located Freehold Shop Investment
Entirely let to tg Jones on a lease expiring March 2030
Good performing store for occupier and excluded from cva
Benefitting from a Post Office hub
Arranged over 8,783 sq ft
Benefits from rear service yard and goods lift
Nearby occupiers include Costa, Boots and M&S amongst others.
VAT is applicable
Investment let at £65,000 p.a. (11.30% giy on Guide Price)
Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Substantial Freehold Retail Investment in the Heart of Barnstaple Let to tg Jones Until 2030 at £65,000 p.a.
Description
The property is arranged on ground and first floor to provide a retail unit with ancillary accommodation. The property benefits from rights of access to a rear service area and has a goods lift which provides access from the ground floor to the first floor storage area.
The property benefits from hosting a Post Office hub.
Location
Barnstaple is the main commercial, administrative and economic centre of North Devon and a popular tourist destination on the North Devon coast, approximately 34 miles north-west of Exeter. The property is situated on the west side of the High Street, close to its junction with Joy Street. Occupiers close by include Costa, Accessorize, Marks & Spencer, Cex, O2, Mountain Warehouse, Café Nero, Trespass and jd Sports amongst many others.
Transport
Road -The town is located on the A361, which provides a direct link to the M5 Motorway and the A377 to Exeter
Train - Barnstaple Railway Station provides regular rail services to Exeter (1 hour 10 minutes fastest)
Tenancy
Let to tg Jones Retail Holdings Limited (t/a WHSmith) on a full repairing and insuring(fr&I) lease for a term of 5 years from April 2025 at £65,000 per annum.
For the year end August 2024 tg Jones Retail Holdings Limited Reported:
D&B Rating 5A 4
Turnover £221,457,000
Pre-tax profit·£179,808,000
Shareholders Funds £2,252,907,000
(Source: Incans 27.08.26)
Accommodation
Ground Floor - 431.7 sq m (4,647 sq ft)
First Floor - 384.29 sq m (4,136 sq ft)
Total - 815.99 sq m (8,783 sq ft)
Mortgage calculator
£2,876 per month
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