Description
INCOME PRODUCING INVESTMENT*** Full Building over ground & first floor in in EXCELLENT TRADING POSITION. TG Jones Retail Holdings in occupation producing £65,000 per annum on a FRI Lease.
TG Jones Retail Holdings Limited (t/a WHSmith) Full Repairing and Insuring Lease 5 years from 1 April 2025 to and including 31 March 2030 Current rent: £65,000 p.a. Reversion 2030
The area has been calculated to extend to the following net areas: Ground Floor 431.7 sq m (4,647 sq ft) First Floor 384.29 sq m (4,136 sq ft) Subtotal 815.99 sq m (8,783 sq ft)
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £65,000 PER ANNUM
Town Centre Location Occupiers close by include Costa, Boots, Accessorize, Marks & Spencer, Rymans, Waterstones, Superdrug and JD Sports. Located within 940 metres of Barnstaple Railway Station
INCOME PRODUCING INVESTMENT*** Full Building over ground & first floor in in EXCELLENT TRADING POSITION. TG Jones Retail Holdings in occupation producing £65,000 per annum on a FRI Lease. TG Jones Retail Holdings Limited (t/a WHSmith) Full Repairing and Insuring Lease 5 years from 1 April 2025 to and including 31 March 2030 Current rent: £65,000 p.a. Reversion 2030 The area has been calculated to extend to the following net areas: Ground Floor 431.7 sq m (4,647 sq ft) First Floor 384.29 sq m (4,136 sq ft) Subtotal 815.99 sq m (8,783 sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £65,000 PER ANNUM TG Jones (trading as TGJones) is a major British high street retailer specialising in newsagents, stationery, books, magazines, confectionery, toys, cards, and related products. It operates as a newsagent, stationer, and book retailer across the UK, with headquarters in Greenbridge, Swindon. The business emerged in its current form following the acquisition of WHSmith's UK high street operations (excluding the travel division) by private equity firm Modella Capital. The WH Smith brand was not included in the sale, leading to a full rebranding of the acquired stores to TGJones during a transition period. Approximately 470 stores nationwide with around 5,000 employees transferred with the acquisition For the group holding company (TG Jones Retail Holdings Limited), recent accounts show turnover of approximately £221 million. TGJones aims to position itself as the "hub of the high street," with plans for investment in refits, expanded ranges (e.g., more Toys "R" Us concessions and Hobbycraft sections), and additional services like Post Offices. As a private company under Modella Capital, it focuses on revitalising the high street presence inherited from WHSmith. Town Centre Location Occupiers close by include Costa, Boots, Accessorize, Marks & Spencer, Rymans, Waterstones, Superdrug and JD Sports. Located within 940 metres of Barnstaple Railway Station
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 4 Years
Rent: £65,000 per year / £5,417 per month
Yield: 9% (approx)
Tenant: Company
Notes: TG Jones Retail Holdings Limited on a lease expiring on 31 March 2030 at £65,000 per annum
Maps & Location
Map Street View SatelliteHigh Street in Barnstaple is one of the town’s main commercial thoroughfares, running through the central shopping area. It connects with several streets nearby, such as Cross Street, Butchers Row, Rolle Street and Joy Street, forming the core of the town centre’s retail and business district. It’s a mixed commercial and residential street with a variety of shops, services and amenities. The area around High Street is part of the central Barnstaple ward, a bustling retail and social hub in North Devon. close to the Green Lanes Shopping Centre and many independent shops. The street draws both local residents and visitors looking to shop or access services — reflecting Barnstaple’s role as the principal commercial hub of North Devon.
Document Downloads
Pricing Information & Bidding
Opening Bid: £723,000
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Terms & Conditions of Sale
- 5% Deposit (Minimum £3,000)
- 8 Weeks Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 76High Street, TG Jones Retail Holdings Limited, Barnstaple, Devon