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76 High St 8,783 sq ft Retail Property Barnstaple EX31 1HX £850,000 (£96.78/sq ft) 7.65% Net Initial Yield
Investment Highlights
- High Volumes of Passing Footfall
- Held on F.R.I Lease To TG Jones
- Full building
Executive Summary
The property is held on an F.R.I lease to TG Jones expiring 30th March 2030 at a passing rent of £65,000p.a.x.
The property comprises a 2 storey commercial development with substantial aluminium framed and glazed frontage. Internally Internally the property is presented in standard TG Jones corporate specification (aligned with WH Smith) with a mixture of carpeted and timber flooring with lighting provided by L.E.Ds recessed with the
suspended acoustic tile ceiling. The property has been partitioned to the rear forming stores and loading space. The upper floor provides further retailing space with staff room, officer and w.c. facilities.
The property comprises a 2 storey commercial development with substantial aluminium framed and glazed frontage. Internally Internally the property is presented in standard TG Jones corporate specification (aligned with WH Smith) with a mixture of carpeted and timber flooring with lighting provided by L.E.Ds recessed with the
suspended acoustic tile ceiling. The property has been partitioned to the rear forming stores and loading space. The upper floor provides further retailing space with staff room, officer and w.c. facilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
8,783 sq ft
Costar Property Class
C
Year Built
1900
Price
£850,000
Price per sq ft
£96.78
Yield
7.65%
NOI
£65,000
Tenancy
Single
Number of Floors
2
Plot ratio
1.01
Total Plot Size
0.20 ac
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Nearby Major Retailers
1 of 2
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76 High St
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