Wright Commercial are pleased to announce the sale of 91 High Street, Barnstaple. The premises, currently occupied by Millets, comprises a 3 storey building in a prime High Street position with double fronted ground floor sales area of 1140 sq ft and 1700 sq ft of storage to the upper floors.
“It’s good to see confidence returning to the Retail sector” commented Tim Hickman, Commercial Director at The Wright Property. “This is an investment sale of a key High Street retail unit where the Tenant is currently in occupation only on licence so it highlights the Buyer’s confidence in the future viability of the premises."
As can be seen in the picture, the sale took place virtually on ‘Black Friday’ which has become part of the retail scene in the UK. “Traditionally, in the USA, Black Friday is the first weekend at which retailers start to trade ‘in the black’ (make a profit) having spent the previous 11 months operating at a loss” Tim explained.
Sold from an asking price of £347,500 the premises at 91 High Street attracted a great deal of interest so Tim and the team at The Wright Property would like to hear from anyone looking to sell Freehold retail property in the Barnstaple/North Devon area. They can be contacted on 01271 377333 or thewrightproperty.co.uk