Retail in EX38 available for sale
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Retail Property for Sale near EX38, Torrington

Explore the Latest EX38 Retail Properties for Sale

More details for 18 South St, Torrington - Retail for Sale

18 South St

Torrington, EX38 8AA

  • Retail for Sale
  • £185,000
  • 617 sq ft
  • Smoke Detector

Torrington Retail for Sale - Great Torrington

FOR SALE BY ONLINE AUCTION - AUCTION DEADLINE DATE WEDNESDAY 13TH OF MAY 2026 AT 12PM<br/><br/>LOCATION<br/>Opposite the Torrington branch of Webbers Estate Agents in the heart of the town, just a few yards from the Pannier Market and town hall the premises are well placed for passing trade. <br/>Nearby is South Street car park, where the owner of this property may be able to apply for a residents’ parking permit through Torridge District Council. Availability and eligibility are subject to the council’s criteria.<br/>Torrington is a vibrant market town set high above the River Torridge. Each year it hosts a well attended May Day celebration. The town lies approximately 11 miles from Barnstaple and around 7 miles from Bideford. It is also known for being the home of Dartington Crystal and for the nearby Rosemoor Gardens, both of which are major attractions in the area.<br/><br/>THE PREMISES<br/>The property must be viewed internally to appreciate the size and extent of the accommodation, which is arranged over three floors. <br/>The ground floor area provides approximately 617 sq ft of space. <br/>To the rear of the property is a further retail area with a large kitchen. <br/>The upper floors provide a lounge, kitchen/diner, 5 bedrooms (3 en-suite) with further bathroom and shower room. <br/>The premises are in need of work and modernisation throughout.<br/>Would be ideal for a variety of retail uses, subject to any necessary planning consent.<br/>This property benefits from approved planning permission for a change of use to a six bed House of Multiple Occupation (HMO), under application reference 1/0144/2025/FUL.<br/><br/>SERVICES AND UTILITIES <br/>All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting <br/>VAT<br/>We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.<br/><br/>BUSINESS RATES <br/>£11,500 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website. Small Business Rate Relief (up to 100%) may apply for properties with a Rateable Value below £12,000, subject to eligibility and local authority assessment.<br/><br/>LEGAL ADVICE <br/>We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.<br/><br/>PLANNING <br/>It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.<br/><br/>TRADITIONAL ONLINE AUCTION INFORMATION <br/>Please note: this property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price. <br/><br/>PRICING INFORMATION <br/>The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount. <br/>Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances. <br/><br/>BUYER’S PREMIUM & OTHER CHARGES <br/>The winning buyer is charged a sum of £4,125 + VAT. This buyers fee is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs. On completion the Buyer will pay the sum of £209 to the Seller’s solicitors in reimbursement of search fees.<br/><br/>SELLERS SOLICITORS <br/>Alexandra Jenkins - Hek Jones Solicitors <br/>2nd Floor, 14 Cathedral Road, Cardiff, CF11 9LJ [use Contact Agent Button] [use Contact Agent Button]<br/>

Contact:

Webbers

Property Subtype:

Bar

Date on Market:

31/03/2025

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

More details for Barnstable Retail Park – Retail for Sale, Sticklepath

Barnstable Retail Park

  • Retail for Sale
  • £9,120,000
  • 66,244 sq ft
  • 2 Retail Properties
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More details for 61 Mill St, Bideford - Retail for Sale

61 Mill St

Bideford, EX39 2JT

  • Retail for Sale
  • £275,000
  • 243 sq ft
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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 1 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 1 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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