Barnstable Retail Park 2 Retail Properties Offered at $12,075,791 in Sticklepath

Barnstaple Retail Park is a prime, purpose-built retail warehousing investment extending to 51,001 sq ft across three units on a 3.8-acre freehold site with a low 31% site coverage. The scheme benefits from 220 car parking spaces (ratio 1:232) and occupies a high-profile position on Station Road, immediately south of Barnstaple town centre and adjacent to the mainline railway station. Anchored by B&Q, which contributes 66% of the total income and recently regeared its lease to December 2040, the park is fully let to three strong national covenants (D&B 5A1 / 5A2), including Wren Kitchens and Farmfoods, all of which have completed new lettings or regears since 2023. The investment produces a total current income of £651,780 per annum, reflecting a low average rent of £12.78 per sq ft, with terms agreed for an additional £21,000 p.a. from proposed EV charging bays (not included in pricing). The property offers a WAULT of 13.7 years to expiry (12.0 years to break) and sits within Barnstaple’s principal retail warehousing cluster, surrounded by major national occupiers such as Tesco, Asda, Currys, Pets at Home, The Food Warehouse, Halfords, Travis Perkins and Tapi.
This opportunity combines secure long-term income, reversionary potential, and strong trading fundamentals in a large, affluent catchment of 175,000+, making it a compelling acquisition within North Devon’s dominant retail destination.