Lidl interested in relocating Sidmouth store

German discount supermarket chain Lidl is interested in relocating its Sidmouth store - and it's offering a finder's fee to anyone who can help find a good location.

The current store can be found on Woolbrook Road.

Lidl has already opened 23 new stores in the UK since the beginning of this year, and is investing £1.3 billion in its expansion across 2021 and 2022.

It is offering a finder's fee to members of the public who find suitable sites for new stores. The fee would be either 1.5% of the total freehold purchase price, or 10% of the first year's rent for leaseholds. It has provided the example of £22,500 for a completed £1.5m site purchase. 

Richard Taylor, Chief Development Officer at Lidl GB, said: "We know that the majority of British shoppers still love doing their shopping in person and we are as committed as ever to opening new stores and enhancing our existing ones.

"We're opening an average of one new store a week, which is incredible, and our teams have done a phenomenal job of keeping that pace going over the last couple of years.

"But there are still communities up and down the country that are telling us how much they want – and need - a Lidl store.

"We work with some of the best people in the industry to identify new sites, but we also know how engaged our future and existing customers are and we want to build on this.

"Our finder's fees are, therefore, available to absolutely anyone that can identify a viable option for a new store that we're not already aware of, and we welcome any suitable suggestions that will help up us to meet our ambitious target of 1,100 stores by the end of 2025."

Its requirements for new stores include main road frontage with easy access and strong pedestrian or traffic flow, unit sizes between 18k and 26.5k sq ft, and more than 100 car parking spaces.

If you know of a potential site, you can contact Lidl's Property team here.