Roundswell Services, Roundswell, Barnstaple

Full Description

The property comprises a 45 key Travelodge Hotel, arranged on ground and one upper floor, built we understand in the 1990s and extending to circa 15,666 sq ft in total. The property includes 27 car parking spaces, including 3 disability access spaces. The hotel is accessed immediately off the A39 Roundswell Roundabout. We understand the site extends to circa 0.46 acres.

Location
The property is located in Barnstaple, North Devon and together with Bideford forms North Devon’s administrative and commercial centre.
The locality benefits from excellent road communications being located on the A39, providing direct access to the A361 linking with junction 27 of the M5 motorway at Tiverton and Newquay, Cornwall to the South.
Bristol is situated 94 miles to the North East and Exeter 41 miles to the South East. Rail services to Exeter St Davids are available from Barnstaple railway station, situated 3 miles to the North East.
The property is prominently situated on Barnstaple Roundswell Services, immediately sat on the A39, with an estimated daily traffic flow of 31,000 vehicles. Occupiers on the Services include a BP Petrol Station containing Greggs and Subway retail units, a car wash and a KFC. New developments include an EV On The Move Charging Station, its first new to-industry site, Onyx Business Park and retail occupiers include Sainsbury’s, Aldi, McDonalds, Home Bargains, Dunelm and Costa Coffee.
Industrial occupiers include Atlas Packaging, Euro Car Parks, Tool Station and Bradfords Building Supplies. In addition a number of car showrooms and a residential development are also located nearby.

Features

• Strategically located in Barnstaple on the A39, the Atlantic Highway, a scenic route linking North Devon with the Cornish coast.
• Situated in a busy commercial location, close to Roundswell Retail Park, Roundswell Business Park and a number of new developments.
• The property comprises a 45 room hotel, and benefits from 27 car parking spaces.
• Let to Travelodge Hotels Ltd on full repairing and insuring terms at a current rent of £204,367 per annum, with approximately 15 years unexpired, and 5 yearly uncapped RPI linked rent reviews.
• Almost immediate rent increase with the next rent review in November 2026, forecasting an increase to at least £265,000 per annum.
• Freehold.
• Offers in excess of £2.75m, subject to contract and exclusive of VAT.
• A purchase at this level reflects a net initial yield of 7%, reverting to at least 9.06% in November 2026.

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