Retail in EX38 available for sale
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Retail Properties for Sale near the EX38, Torrington

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Retail Properties for Sale Within 10 miles of the EX38, Torrington

More details for 8 Fore St, Northam - Retail for Sale

8 Fore St

Northam, EX39 1AW

  • Retail for Sale
  • £449,950
  • 700 sq ft
  • Security System

Northam Retail for Sale

Our clients are inviting offers for the Freehold interest, which includes restaurant and accommodation plus an additional self-contained 2 bedroomed flat which is on separate title. The additional flat is currently let at £600 per month. Our clients also own a double garage located opposite which is available by separate negotiation if desired. Any current stock to be purchased at valuation upon completion. The property is sold with the benefit of a detailed inventory of trade fixtures, fittings and equipment. Having been in the same husband and wife ownership for the past 25 years the business is currently operated just 3 days per week, through owner’s choice, 6.30pm-11pm. Operating a modern European menu the trading style, number of covers and opening hours could easier be altered to meet new owners needs, with our clients having previously opened 5 days per week. No staff are employed with the last couple years providing an average net profit of £30,000 having also ‘lived out of the business’. By offering the limited number of covers and trading days, coupled with the consistent and many 5 star Trip Advisor reviews and returning customers the business generally has a waiting list of 3-4 months for a table reservation. Being a period property arranged on three floors. The ground floor provides a 20 cover (although currently offering covers for 12) intimate dining area linking with the bar and seating area. The restaurant is serviced by an adjoining commercial kitchen with a compliment of preparation, storage and utility areas. The private accommodation above provides loft style space with kitchen, lounge, office/third bedroom on first floor with 2 further bedrooms and family bathroom on second floor. To the rear of the property is a courtyard garden with resin flooring. Adjoining the property and with a self-contained street level entrance is an additional 2 bedroomed flat which is currently utilised for additional rental income, although depending on new owner’s requirements could be used as further private accommodation, family member, dependent relative etc. The property is located within Fore Street being the main road through Northam village as well as it adjoining the village Square. There are a number other commercial operators close by including public house, newsagents, hairdressers, barbers, convenience store and gift / homeware shop.

Contact:

JD Commercial Ltd

Property Subtype:

Restaurant

Date on Market:

13/03/2025
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LoopNet UK Devon Torrington Retail Properties For Sale in EX38, Torrington, UK

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FAQs about Retail property for sale in EX38

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in EX38?
There are currently 0 Retail Properties available for sale near EX38. These EX38 Retail Property listings have an average size of. The largest available listing in EX38 is. The thriving commercial centre and excellent transport links in EX38 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in EX38?
The average price/SF for Retail Property for sale in EX38 is about. The cost per sq ft for Retail Property in EX38 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in EX38?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in EX38?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in EX38 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the EX38, Torrington

With 0 retail units currently available for sale in EX38, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in EX38, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in EX38, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in EX38 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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