The property comprises the following approximate net internal floor areas:
|Ground floor Sales||1,199 sq.ft|
|Ground floor ITZA||696 units|
|Basement Ancillary||481 sq.ft|
In the past 3 years, Blacks Outdoor Retail Limited have reported the following financial figures in their annual accounts:
The company is a subsidiary of JD Sports Fashion PLC which has 2,420 stores worldwide and for the year ending February 2019 reported a Revenue of £4,718 million and Pre-Tax Profits of £340 million. JD Sports has a market capitalisation of £6,540 million. The ultimate
parent company is Pentland Group Plc, a global business owning brands including Speedo, Berghaus, Mitre, Canterbury of New Zealand, Ellesse and Boxfresh.
Demographic & Economic Profile
Barnstaple has a resident population of approximately 53,500 persons (Source: 2011 Census) and a primary catchment population of 180,000 persons. The catchment population is affluent and is significantly boosted by tourism.
Visit Devon estimated that in 2016 there were 6.3 million visitors to the county spending £0.56 billion in the local economy.
Retailing in Barnstaple
Barnstaple is ranked 20th in the PMA Competition Indicator reflecting the lack of competition and its dominance in the region. The nearest competing retail centres of Taunton and Exeter are both at least a 1 hour drive time away.
Barnstaple’s central shopping area comprises an estimated 710,000 sq ft of retail floorspace, which is below the PMA Market Town average, which suggests an under provision of shopping.
High Street forms the town’s prime retail pitch, with further retailing provided in Green Lanes Shopping Centre.
The prime section of the High Street and Green Lanes Shopping Centre have both maintained a low vacancy rate in recent years.
Major retailers represented in Barnstaple include Boots, Primark, River Island, TK Max, WH Smith M&S
Joules, White Stuff and JD Sports have all opened stores in Barnstaple recently and Primark has extended their store.