TQ13 Dolbeare Meadow Business Park, Eastern Road, Ashburton

Investment Summary -

- Prime roadside fully let 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 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.

- Practical Completion reached in late November 2025. Co-op and Ionity are now open and trading with Starbucks scheduled for early 2026.

- Offers invited in the region of £3.8m for the whole scheme which represents 5.55% NIY.

- Offers are also invited individually in excess of £1.5m, reflecting 5.50% NIY for the Co-operative investment.

- Offers are invited in excess of £2,300,000, reflecting a 5.75% NIY, for the Starbucks and EV charging.

Traffic Count -

Department for Transport Daily Traffic Counts are provided below for the most recent year:-

A38 - 48,226

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 was granted for a convenience store, a drive thru unit and EV parking. Works have now been completed with full practical completion achieved and hand-over in late November 2025.

The drive-thru unit set on a 0.36 acres site has been let to Starbucks and comprises of a purpose-built cafe restaurant with a dedicated drive-thru lane. The unit totals approximately 1,840 sq. ft and has 15 car parking spaces.

The convenience store set on a 0.56 acres site has been let to The Co-op Group Food Ltd and provides 4,273 sq. ft of retail and storage space. The brand-new single-storey unit includes parking for 17 cars and a loading bay. It has been constructed using a portal frame design and clad in stone and timber with some render. Both the convenience store and coffee unit include high quality materials

and are finished to an excellent specification.

A long 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.

As shown on the site plan to the right, the property can be offered in 'lots' and purchased either separately or together, comprising the Co-op, or the Starbucks and EV charging. The Co-operative is outlined in yellow, while Starbucks and the EV charging are outlined in blue.

Floor plans are available upon request.

Ashburton is well located geographically being approximately equidistant (approximately 20 miles) between the three major commercial centres of Plymouth (west), Torbay (south) and Exeter (east). Located adjacent to the A38 Devon Expressway, Ashburton is a busy market town and provides a gateway to the Dartmoor National Park sitting on it's southern edge. The A38 merges into the M5 at Exeter (16 miles) whilst providing access to Cornwall 20 miles west. Dolbeare Meadow Business Park is a 3 acre site currently accommodating a Devon & Cornwall Police department and with a further 30,000 sq ft plus of new business space planned and/ or about to commence construction. The subject property will provide a much needed convenience retail provision to serve Ashburton, the South Devon Community College, Ashburton Cookery School along with the proposed development of the Park itself. It will also provide a welcomed amenity for the established and highly successful Linhay Business Park just 400m along the road which accommodates a range of national and local occupiers including Age UK, Devon & Cornwall Police, Cambium Networks etc.

Rental Income £224,500 pa