Property photos
Offers in region of
£3,995,000
(£91.71/sq. ft)
Business park for sale
Eastern Road, Ashburton TQ1346,174 sq. ft
Local area information
Property location
Nearby amenities
- South Dartmoor Community College 0.4 miles
- Sands School 0.4 miles
- Totnes 6.3 miles
- Newton Abbot 6.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Prime roadside investment extending to approximately 1.06 acres (0.429 hectares).
Benefiting from significant exposure to high traffic volumes, with approximately 48,000 daily vehicle movements.
Fully let (afl’s) to established covenants, including Co-op (15-year lease), Starbucks (15-year lease) and ionity (30-year lease).
Total rent roll of £224,500 per annum.
Offers invited in the region of £3,995,000, representing a 5.27% niy on a forward commitment basis.
Site Description:
The site comprises of approximately 1.06 acres (0.429 hectares) bounded by the A38 and B3352. The land is relatively flat with an undulating bank rising from south to north.
Planning permission has been granted for a convenience store, a drive thru unit and EV parking. Works have commenced with a full practical completion planned for Q4 2025.
The drive-thru unit set on a 0.36 acres site has been let to Starbucks and will comprise a purpose-built restaurant with a dedicated drive-thru lane. The unit will total approximately 1,840 sq. Ft and have 15 car parking spaces with an anticipated completion date of October 2025.
The convenience store set on a 0.56 acres site has been pre-let to The Co-op Group Food Ltd and will provide 4,273 sq. Ft of retail and storage space. The brand-new single-storey unit will include parking for 17 cars and a loading bay. It will be constructed using a portal frame design and clad in stone and timber with some render. The convenience store has an anticipated completion date of July 2025.
Along with the car parking spaces from the two occupiers, there is 10 additional EV charging bays, which sit on a site area of 0.14 acres and have been let to Ionity GmbH.
CGIs and floor plans are available upon request.
Convenant strength:
As can be seen above the respective tenants are of undoubted covenant strength capable of meeting their lease obligations for the duration of the term. In addition to this Ionity is a joint venture of the car manufacturers bmw Group, Ford Motor Company, Hyundai Motor Group, Mercedes Benz ag and Volkswagen Group with Audi and Porsche, along with BlackRock's Climate Infrastructure Platform as financial investor. Ionity is Europe's leading EV charging company with over 4,000 chargers located in 24 countries throughout Europe and again is therefore an undoubted covenant.
Viewing and further information
Strictly by prior appointment through joint agents:
Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB
John H Slade, BSc mrics
Tel: Mobile: Email:
And:
Savills
Adam Bullas and Harry Heffer
Benefiting from significant exposure to high traffic volumes, with approximately 48,000 daily vehicle movements.
Fully let (afl’s) to established covenants, including Co-op (15-year lease), Starbucks (15-year lease) and ionity (30-year lease).
Total rent roll of £224,500 per annum.
Offers invited in the region of £3,995,000, representing a 5.27% niy on a forward commitment basis.
Site Description:
The site comprises of approximately 1.06 acres (0.429 hectares) bounded by the A38 and B3352. The land is relatively flat with an undulating bank rising from south to north.
Planning permission has been granted for a convenience store, a drive thru unit and EV parking. Works have commenced with a full practical completion planned for Q4 2025.
The drive-thru unit set on a 0.36 acres site has been let to Starbucks and will comprise a purpose-built restaurant with a dedicated drive-thru lane. The unit will total approximately 1,840 sq. Ft and have 15 car parking spaces with an anticipated completion date of October 2025.
The convenience store set on a 0.56 acres site has been pre-let to The Co-op Group Food Ltd and will provide 4,273 sq. Ft of retail and storage space. The brand-new single-storey unit will include parking for 17 cars and a loading bay. It will be constructed using a portal frame design and clad in stone and timber with some render. The convenience store has an anticipated completion date of July 2025.
Along with the car parking spaces from the two occupiers, there is 10 additional EV charging bays, which sit on a site area of 0.14 acres and have been let to Ionity GmbH.
CGIs and floor plans are available upon request.
Convenant strength:
As can be seen above the respective tenants are of undoubted covenant strength capable of meeting their lease obligations for the duration of the term. In addition to this Ionity is a joint venture of the car manufacturers bmw Group, Ford Motor Company, Hyundai Motor Group, Mercedes Benz ag and Volkswagen Group with Audi and Porsche, along with BlackRock's Climate Infrastructure Platform as financial investor. Ionity is Europe's leading EV charging company with over 4,000 chargers located in 24 countries throughout Europe and again is therefore an undoubted covenant.
Viewing and further information
Strictly by prior appointment through joint agents:
Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB
John H Slade, BSc mrics
Tel: Mobile: Email:
And:
Savills
Adam Bullas and Harry Heffer
More information
Listed by
Monk & Partners
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