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Barnstable Retail Park 2 Retail Properties Offered at $12,374,491 in Sticklepath
Executive Summary
- Barnstaple is a historic market town situated 40 miles to the north of Exeter and 50 miles to the west of Taunton.
- Large and affluent consumer base of 175,000 with a per capita spend above the consumer average.
- Purpose built retail park comprising 3 retail warehousing units extending 51,001 sq ft and 220 free car parking spaces.
- Car parking ratio an attractive 1:232.
- Freehold – 3.8 acres.
- Low total site coverage of 31%.
- Prime B&Q anchored retail park located in the centre of Barnstaple, comprising 66% of the total income.
- B&Q recently regeared their lease until December 2040. Other recent leases include Wren Kitchens and Farmfoods.
- Total income of £651,780 per annum, reflecting a low average rent of £12.78 per sq ft.
- Terms agreed for an additional £21,000 per annum of income from EV charging bays. Proposed income not included in price.
- Long WAULT to expiry of 13.7 years (12.0 years to breaks).
- 100% of the income is let to covenants with a Dun & Bradstreet rating of 5A1 and 5A2.
- Large and affluent consumer base of 175,000 with a per capita spend above the consumer average.
- Purpose built retail park comprising 3 retail warehousing units extending 51,001 sq ft and 220 free car parking spaces.
- Car parking ratio an attractive 1:232.
- Freehold – 3.8 acres.
- Low total site coverage of 31%.
- Prime B&Q anchored retail park located in the centre of Barnstaple, comprising 66% of the total income.
- B&Q recently regeared their lease until December 2040. Other recent leases include Wren Kitchens and Farmfoods.
- Total income of £651,780 per annum, reflecting a low average rent of £12.78 per sq ft.
- Terms agreed for an additional £21,000 per annum of income from EV charging bays. Proposed income not included in price.
- Long WAULT to expiry of 13.7 years (12.0 years to breaks).
- 100% of the income is let to covenants with a Dun & Bradstreet rating of 5A1 and 5A2.
Property Facts
| Price | $12,374,491 | Number of Properties | 2 |
| Price / SF | $186.80 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 66,244 SF |
| Status | Active | Total Land Area | 7.60 AC |
| Price | $12,374,491 |
| Price / SF | $186.80 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 66,244 SF |
| Total Land Area | 7.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
B&Q
Station Rd, Sticklepath EX31 2AU |
Retail | 51,021 SF | 1998 | - |
| Station Rd, Sticklepath EX31 2AU | Retail | 15,223 SF | 1998 | - |
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Barnstable Retail Park
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