- Prime High Street location with excellent footfall
- Substantial 8,783 sq ft over two floors
- Secure income from national retailer TG Jones
- Lease expiry March 2030 c.4 years term certain
- Attractive lot size for private investors: £850,000 freehold
- Strong tenant covenant following extensive rebranding and expansion strategy
High Street, Barnstaple, Devon, EX31
Guide Price
£824,995
Office for sale in Devon
A rare opportunity to acquire a prime, fullylet High Street investment in the heart of Barnstaple, North Devons largest town and principal commercial hub. Situated in a highfootfall trading position, this substantial twostorey building extends to 8,783 sq ft and is let on a secure FRI lease to TG Jones (formerly WHSmiths high street estate) until March 2030, producing £65,000 p.a. Offers invited at £850,000 freehold.
A prominent twostorey commercial building with an extensive aluminiumframed glazed frontage.Internally, the store is fitted to the standard TG Jones (exWHSmith) corporate specification, including:Suspended acoustictile ceilingsRecessed LED lightingCarpeted and timber floor finishesPartitioned rear storage and loading areaUpperfloor retail accommodation with staff room, offices and WC facilities
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)
Tenant: TG Jones (rebranded from WHSmith following Modella Capital acquisition)Lease: FRI lease to 30 March 2030Passing Rent: £65,000 p.a.x.TG Jones operates approx. 470 UK stores with turnover of -£221m, positioning itself as a growing national highstreet anchor.
Barnstaple is widely regarded as the administrative and commercial capital of North Devon, positioned on the River Taw with a catchment drawing from towns such as Ilfracombe, Braunton and Bideford. The town benefits from high levels of footfall, a population of 32,000+, and a wider district population of 98,600.Landmarks include the historic Pannier Market, Butchers Row, and Barnstaple Castle, contributing to its appeal as a vibrant regional centre for retail, culture, employment, and services.
The property occupies a prime trading pitch on High Street, surrounded by major brands including M&S, Boots, Costa, Caffè Nero, JD Sports, Coopers Jewellery, Boston Tea Party and others
We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion. If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days. For these reasons, it is suitable for cash buyers only.
Property Ref: WAD260060
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