Barnfield Commercial is a specialist commercial property practice based in Exeter, concentrating on the acquisition and sale of commercial investment property and development sites across the South West region. All related professional work including rent reviews and lease renewals is also undertaken and our associated company Turner Locker Barnfield provides a full commercial property management service.
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Portfolio Sale
Barnfield Commercial as joint auctioneers have sold retail investment properties in Glastonbury, Llannelli, Risca, Bristol and Weston Super Mare at a combined price of £2,145,000.
Holsworthy – Devon
Barnfield Commercial have acquired a new lease in 18/19 The Square, Holsworthy on behalf of their clients The Original Factory Shop at a commencing rental of £60,000 per annum.
Exeter – Devon
Barnfield Commercial have negotiated the sale of Concord House, South Street, Exeter for the sum of £1.293,500. The investment was subject to leases to Signpost Housing, DeVille Kitchens and Mostyns.
Exeter – Devon
The freehold interest in Unit 5, Airport Industrial Estate has been purchased by private clients of Barnfield Commercial Limited for the sum of £1.15 million. The property is let to Nationwide Crash Repairs Centres.
Newton Abbot - Devon
Barnfield Commercial have negotiated a surrender and new letting of 3/3a Cross Grange on the Heathfield Trading Estate, Newton Abbot at a rental of £60,000 per annum.
Trowbridge – Wiltshire
Barnfield Commercial have acted for Bingham Estates Limited in their purchase of the long leasehold interest in an office and industrial development on the White Horse Business Park, Trowbridge for the sum of £6.175,000 million.
Paignton – Devon
The freehold interest in a unit at the Torbay Business Park has been purchased by a private pension fund advised by Barnfield Commercial. The property was subject to a 15 year lease to Gledhill Building Products at a rental of £25,000 per annum and a price of £390,000 was paid representing a net initial yield of 6.06%.
Redruth – Cornwall
A private pension fund advised by Barnfield Commercial has purchased the freehold interest in premises at Carn Brea Business Park, Redruth let for 10 years to ATS Euromaster at a rental of £33,750 per annum. A price of £526,000 was paid representing a net initial yield of 6.06%.
Yeovil - Somerset
Barnfield Commercial have sold an 8 acre industrial investment in Yeovil for £3.1 million. The property was subject to a new 10 year lease at a commencing rental of £254,000 per annum producing a net initial yield of 7.75%.
Newport – Gwent
A new letting of the first floor of 21 High Street, Newport has been arranged by Barnfield Commercial to CFBT Education Trust at a rental of £16,500 per annum representing £6.25 per sq ft. The property is managed by Turner Locker Barnfield.
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