76 High Street, Barnstaple EX31 1HX
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- 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)
Description
StrapLine
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 websiteSubstantial 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)
76 High Street, Barnstaple EX31 1HX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station0.5 miles
- Chapleton Station4.8 miles
Notes
Disclaimer - Property reference 243-24840. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”