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Investment Highlights

  • Established retail warehouse location.
  • Securely let with an average weighted unexpired lease term of 8.7 years (8.4 years to lease break).
  • Let to national occupiers B&M, Sue Ryder, Peacocks, Subway & Card Factory.
  • Freehold site extending to 3.664 acres.

Executive Summary

Offers in excess of £6,740,000 (Six Million Seven Hundred and Forty Thousand Pounds), exclusive of VAT. A purchase at this level reflects a 7.25% Net Initial Yield, assuming purchaser’s costs of 6.64%.
The property comprises an attractive and modern retail park consisting of five units totalling 43,338 sq ft. The units are laid out in an L-shaped terrace around a central customer car park. There is a separate rear service yard providing rear loading to all of the units.
The units have been constructed to a high specification with glazed entrance features and prominent tenant signage areas. The buildings are of steel portal frame construction with low level brick and blockwork and profiled metal sheet cladding above.
The B&M unit has a dedicated garden centre extending to 6,132 sq ft. There are a total of 146 customer car parking spaces giving a generous parking ratio of 1:255 sq ft GIA.
The site is level and extends to approximately 3.664 acres (1.48 ha), reflecting a low site coverage of 23%.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
43,338 SF
Building Class
B
Year Built
2016
Price
$9,194,963
Price Per SF
$212.17
Cap Rate
7.25%
NOI
$666,635
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
3.64 AC
Parking
91 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
239’ on A3072

Amenities

  • 24 Hour Access
  • Wheelchair Accessible
  • Car Charging Station

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

The company began in 1978 with the first store in Blackpool, and ownership changed in 2004 when Simon and Bobby Arora acquired the business. B&M trades as a variety discount retailer, selling grocery, fast-moving consumer goods and general merchandise through out-of-town retail parks and town-centre stores, while Heron Foods extends the business into convenience retail focused on ambient, chilled and frozen food. The business operates across the UK and France and is built around a limited range of popular products sold at everyday low prices.

  • Retailer
  • -
  • -
  • -

Founded in 1997, the company began when Dean and Janet Hoyle opened the first cardfactory store in Wakefield, building the business around discounted greeting cards sold direct to consumers. Cardfactory now operates as a specialist retailer focused on greeting cards, gifts and celebration essentials, with products and services spanning cards, gift items and other occasion-based purchases. The business has developed a vertically integrated model that brings together design, manufacturing and retail operations, helping support a broad product range and faster response to customer trends. Its market presence extends across a large store estate in the UK and Ireland, alongside online channels and international reach through partnerships and franchising.

  • Retailer
  • -
  • -
  • -

Peacocks began in 1884 as a Warrington penny bazaar selling home goods. The company rebranded as a budget fashion retailer in the 1940s after relocating to Cardiff. By 2012 it had been acquired by Edinburgh Woollen Mill, but entered administration in 2020. In 2021 an international consortium rescued the brand, maintaining its value clothing market position. Today Peacocks operates hundreds of UK stores and online platforms, providing budget-friendly apparel and accessories for all ages while focusing on affordability and accessibility.

  • Retailer
  • -
  • -
  • -

Poundland is a British discount retail chain founded in 1990, establishing its first store in Burton-upon-Trent. The business built its model around offering a variety of everyday products at simple, low price points, later expanding into broader categories including food, household items, health and beauty goods, and apparel. Its corporate headquarters is located in Walsall, where central operations, management activities and support functions are based. Over the years, Poundland has expanded across the United Kingdom and the Republic of Ireland, where it trades as Dealz. Notable developments in its history include the acquisition of rival 99p Stores in 2015, followed by a period under South African retail group Steinhoff. In recent years, the business has evolved beyond the original £1 price point, introducing multi-price ranges while retaining its focus on value retailing. In 2025, Poundland entered a new phase when ownership transferred to Gordon Brothers, reflecting a change in strategic direction and an effort to stabilise trading amid industry pressures. Poundland is privately held under its current ownership.

  • Accommodation and Food Services
  • -
  • -
  • -

Subway began in Bridgeport, Connecticut, as a submarine sandwich shop started by Fred DeLuca and Peter Buck in the mid-1960s, and the brand later expanded through franchising. The company now focuses on made-to-order sandwiches alongside salads, wraps, cookies, and other menu items served through a broad franchise system. Subway has grown into a globally recognized restaurant brand with a large international footprint and a long-standing emphasis on quick-service meals and customizable menu choices.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Retailer - - -
Retailer - - -
Retailer - - -
Accommodation and Food Services - - -

Nearby Major Retailers

Morrisons
Barclays Bank
Banking Hub
Co-op
Sainsbury's
  • Listing ID: 40892892

  • Date on Market: 6/12/2026

  • Last Updated:

  • Address: Bude Retail Park, Stratton EX23 9TG

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