RETAIL WAREHOUSE INVESTMENT & WILTON STREET, DEWSBURY WF12 8AB
ENTER & WILTON STREET, DEWSBURY WF12 8AB RETAIL WAREHOUSE INVESTMENT
u INVESTMENT SUMMARY
⊲⊲ Dewsbury is a traditional market town in West Yorkshire. ⊲⊲ Retail warehousing in Dewsbury is limited, as a result ⊲⊲ Open A1 non-food planning consent. It is well located, benefitting from easy access to the M62 many national retailers are not represented here, and the M1 motorways. including Dunelm, Aldi and Home Bargains. ⊲⊲ The tenants trade well here, as evidenced by B&Q recently extending their lease term by 5 years. ⊲⊲ The town has an extensive catchment population, with ⊲⊲ The scheme totals 38,126 sq ft and is let to the 5A1 507,040 people living within a 20 minute drive time of covenants of B&Q plc and Screwfix Direct Ltd. ⊲⊲ The Screwfix lease benefits from a fixed uplift in the subject property. January 2019. ⊲⊲ The total rent is £358,850 per annum, equating to a low ⊲⊲ The property is located in the principal retail warehousing average rent of £9.41 per sq ft. ⊲⊲ We are seeking offers in excess of £4,810,000 (Four pitch for the town. Million, Eight Hundred and Ten Thousand Pounds). ⊲⊲ Attractive WAULT of 8.5 years. A purchase at this level reflects an attractive net initial yield of 7.00%, increasing to 7.15% in January 2019, assuming purchaser’s costs of 6.58%.
INVESTMENT LOCATION, SITUATION AERIAL DESCRIPTION, TENURE TENANTS’ EPCs, VAT, SUMMARY CATCHMENT & & RETAIL PLANNING COVENANTS PROPOSAL DEMOGRAPHICS WAREHOUSING & TENANCY & CONTACT A19 WILTON STREET, DEWSBURY WF12 8AB RETAIL WAREHOUSE INVESTMENT & 35 A64
34 A683 A61 A1(M) Lancaster A614 u LOCATION Knaresborough A166 M6 A65
A59 Harrogate
Dewsbury is an attractive33 market town in West Yorkshire, located 9 miles south A59 2
8 west of Leeds and 9 miles south east of Bradford. Huddersfield and6 WakefieldSkipton A lie 5 miles south west and 6 miles east of the town respectively. Ilkley A59 A614 A61 A64 (A163) The town benefits from good traffic links, being located at the intersection of Otley Tadcaster A65 A6068 A1035 the A638, A644 and A653, approximately 4 miles south west to Junction 25 LEEDS & A19 Clitheroe Keighley BRADFORD A58 of the M62 motorway and 3 miles west of junction 40 of the M1 motorway. A650 A1079 14 Colne Bingley Beverley Its accessibility makes it a popular town with commuters; there13 are also direct 12 Nelson Shipley A59 rail links to Manchester (4532 minutes), Leeds (13 minutes) and Huddersfield (8 LEEDS Garforth 1 A614 minutes). 10 BRADFORD A164 8 Burnley A63 HULL Preston M621 1 47 A63 38 31 7 43 A1 A 6 Accrington 10 M62 Blackburn 4 27 1 37 A63 30 Halifax 26 Castleford Todmorden A646 Batley 30 M62 u CATCHMENT29 9 M65 41 Leyland 28 31 32 A645 36 Goole Darwen Rawtenstall Brighouse 25 33 34 & DEMOGRAPHICS8 24 40 Wakefield 23 M6 A58 M18 A15 Chorley Rochdale M62 39 Dewsbury has a catchment population of 144,000 people1 (PMA), significantly 22 Huddersfield Hemsworth A638 6 Thorne above the PMA Small Town average, and a shopping populationM66 of 44,000 38 M181 Bury 21 A62 A61 people. There is an extensive27 catchmentM61 populationBolton within 2easy access of the 5 Scunthorpe 5 20 1 19 38 6 A58 3 M1 M180 2 M180 subject property; CACI predict there are 134,008 people living within a 10 DEWSBURY 3 5 4 minute drive time of the subject property,A58 extending4 to 507,040 people within a 37 4 3 17 37 20 minute drive time. Wigan 15 M60 25 14 A628 A616 36 36 During the Industrial Revolution,24 Dewsbury was an important mill town and a 23 MANCHESTER A159 35 key centre for the shoddy and mungo industries, which recycled woollen1 items3
M62 A15 22 6 Rotherham by mixing them with new wool and making11 heavy blankets and uniforms. The A631 9 1 A631 town benefitted economicallyM62 from being on a key canal route,9 its locationM60 at 34 7 34 the heart of the Heavy Woollen District, and its proximity to coal mines. The 33 32 34 Gainsborough 5 SHEFFIELD town is now a charming and traditional 20market town with6 some attractive 7 31 A57 Victorian architecture. However manufacturing still plays aMANCHESTER large role in the A6 11 10M56 town, with it accounting for 16% of total employment, around double the M1 Retford A46 12 19 A623 PMA average. The town’s largest employer is Canada’s biggest greeting card A156 A61 A1 company, Carlton Cards. A537 A537 30 A619 A57
A34 Buxton Chesterfield M6 Macclesfield Lincoln A619 A6 18 29 INVESTMENT LOCATION, SITUATION AERIAL A515 DESCRIPTION, TENURE TENANTS’ EPCs, VAT, SUMMARY CATCHMENT & & RETAIL PLANNING COVENANTS PROPOSAL DEMOGRAPHICS WAREHOUSING & TENANCY & CONTACT & WILTON STREET, DEWSBURY WF12 8AB RETAIL WAREHOUSE INVESTMENT
LAN SE MILL E OU R
D 3
A u5 SITUATION 6 O A D A R 6 3 A 8 K O C R The subject property is located within the main retail warehousing pitch for the town and
A D R TR fronts the B64O9 Wilton Street, which links directly onto the A638 Vicarage Road, which O F D runs along the southern edge of Dewsbury town centre. A R B 6 B 1 D 2 OA 8 D R The B&Q unit benefits from good prominence from both the A638 and the B6409, with the UPPER R O A EDS H LE Screwfix unit having good visibility from the B6409. A L I F A OW X 2 5 Access to the scheme is via a traffic light junction on the B6409, which connects to Link R L 6 O A L A Road,A which provides access from the other retail warehousing in the town to the subject D NE property, and is a popular route for locals to use. DEWSBURY RISHWORTH CENTRE H Matalan, Halfords E C To the rear of the scheme are 2 units let to Carpetright and Farmfoods, and Wickes and RO 3 Poundstretcher, Next K G AD 65 A6 M A 3 IN B&M have stores on the opposite8 side of the B6409. The town’s bus station is located on the O R B&