torquay - Wilkinson Williams

More documents

Recommendations

Info

BARNSTAPLE SOMERSET DEVON EXETER LAUNCESTON EXMOUTH CORNWALL PLYMOUTH TORBAY TOR BAY PAIGNTON BRIXHAM TORQUAY English Riviera M5 EXETER J31 A30 The picturesque town of Torquay is the major regional and commercial centre for South East Devon. The town is located 22 miles south of Exeter and 32 miles north DARTMOOR NATIONAL PARK A30 A38 A380 A376 DAWLISH EXMOUTH DRIVE TIME east of Plymouth. Communication links to the town are good; the A380 connects the A38 to the town and provides one of the main access routes through South East Devon, as well as linking to Junction 31 of the M5 motorway, 16 miles north. A38 NEWTON ABBOT 20 MINUTES 10 MINUTES Torquay benefits from having two railway stations (Torquay and Torre), linking the town with a large number of destinations including Exeter (40 minutes), Plymouth (1 TORQUAY hour 7 minutes) and London (2 hours 57 minutes). A385 TOTNES PAIGNTON Exeter Airport is 25 miles north of the town and serves a number of UK and European destinations. BRIXHAM
Torquay serves a substantial catchment population of around 220,000 people, far exceeding the average population for a town of its geographical size. The estimated shopping population is also above the PROMIS average (80,000 people) at around 108,000 people. Experian estimate there are 86,000 people living within a 10 minute drive time of Wren Retail Park, increasing to 195,000 people within a 20 minute drive. The population of Torquay is forecast to see growth of 0.9% per annum between 2008 and 2013, over double the UK average of 0.4% per annum over the same period. Employment in Torquay is centred around the service sector, which accounts for 75% of total jobs. Of the service sector, tourism is a central part of Torquay’s economy and accounts for 32% of total employment in what is known as the English Riviera (which includes the towns of Torquay, Paington and Brixham), and is worth £450 million to the region annually. The English Riviera generates almost 25% of all tourism in Devon, which accounts for approximately 3.7 million visitors annually. Due to the recent trend for holidays within the UK, this figure has increased by an estimated 15% this summer alone. Torquay has an affluent catchment population; car ownership is above the UK average with 48% of the Torquay catchment population owning 1 car compared to 44% of the UK population. Over 75% of houses in Torquay are owner occupied, exceeding the UK average of 68%. As a result of its large catchment population and distance from competing retail centres (Exeter and Plymouth are 40 and 55 minute drive times respectively), Torquay retains the majority of its catchment spend. In 2008, the total in-store comparison retail expenditure in Torquay was £540 million; significantly higher than the £415 million average spend for a town of its geographical size in the UK. Retail expenditure in Torquay is forecast to grow by 1.6% per annum between 2008 and 2013, far exceeding the UK average of 1.2% per annum, and ranking the town 19 out of the top 200 PROMIS Retail Centres.
Page 3: Torquay has a large catchment popul
Page 7 and 8: Retail warehouse supply in Torquay
Page 11 and 12: The site, delineated below, is held
Page 15 and 16: Wren Retail Park is the only non fo

torquay - Wilkinson Williams

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?