Roundswell Retail Park, Barnstaple, EX31 3RY

Investment Considerations

• Prime foodstore anchored retail park in the affluent market town of Barnstaple

• Large and affluent consumer base of 221,000. Much of the potential spend within the catchment is retained due to a lack of competing centres within the one hour drive time.

• 73,579 sq ft scheme comprising 5 retail warehouse units plus a standalone drive thru and standalone drive to unit, adjacent to a 470 space car park (attractive ratio of 1:157).

• Strong tenant line-up of national brands providing a convenience and lifestyle led mix, which will appeal to the local catchment.

• Aldi foodstore anchor with RPI linked reviews.

• Low average rent of only £13.26 psf on the retail element.

WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £14,500,000 (FOURTEEN MILLION FIVE HUNDRED THOUSAND POUNDS) SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT.

An acquisition at this level would reflect the following yield profile based on purchaser’s costs of 6.73% allowing for the Aldi review clause assuming 3% RPI increases: