INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, , CH4 8SW

BEST BIDS BY NOON WEDNESDAY 14 DECEMBER 2016

MODERN MULTI-LET TRADE COUNTER / INDUSTRIAL INVESTMENT ENTER IN ESTABLISHED CENTRAL LOCATION INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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A5117

J10 M53 A5117 LOCATION J11 Chester is the administrative centre of and is located 20 miles south of Liverpool, 38 M56 M56 miles south west of Manchester and 10 miles J16 north of Wrexham. J15 A550 The city has a resident population of 120,000 and an extensive primary catchment of around A548 A540 800,000 which extends into , Merseyside FLINT M53 and Cheshire. Chester has a prosperous local A41 population as the area is an excellent commuter A5116 base for both Liverpool and Manchester workers. A56 Chester benefits from excellent road QUEENSFERRY communications with the M53 (Junction 12) A548 located 2 miles to the north east of the city centre which provides direct access to Liverpool and the M56. In addition the A55, A583 and A41 provide CONNAHS B5129 CHESTER RD RIVER DEE access around the city centre. QUAY CHESTER RIVER LANE INDUSTRIAL AREA A494 RIVIER LN ASDA A550 MORRISONS CH4 8SW AIRBUS SALTNEY A5104

A55(T) BROUGHTON A483 SHOPPING PARK CHESTER BUSINESS PARK A55(T) A55(T) INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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SITUATION A 5 4 8 S E A L A N D R O A D A 5 4 8 Central Trading Estate Two is located S E A immediately next door to Central Trading A L 5 Estate, just off High Street, Saltney, a A 2

N 6 well-established trade counter and industrial/ D 8 CHESTER commercial location within the region.

N

Nearby occupiers include Plumb Centre, City I T SEALAND C S Plumbing Supplies, Go-Outdoors, Newy & Eyre, A T E R O H G INDUSTRIAL ESTATE A R E Asda and Morrisons. D O F O L Airbus, one of the largest manufacturing plants in

A N the , is located approximately 3 S U miles from the property. H N S

T A S Central Trading Estate Two is located Cete N

Cete R Golf Cl D approximately 2 miles to the west of Chester, D Rae Coe B and is accessed directly from the Chester Road, R A5104, one of the main arterial roads into the City I D Centre from the west. G

E UR The immediate area has seen considerable C ZO development in recent years with industrial

N T T

S regeneration and considerable private residential

P S

A R housing in the immediate area and also the M K N M Broughton Retail Park which is also within two

A A miles and provides approximately 300,000 sq H E H L A N C X R I V E R U X ft of shopping with direct access onto the A55 R E S E N P A R K Expressway. O R EY R ARL S TR E E T R E E N M G W Please refer to location plan. Y E R H W A G W E S T H O U H 4 3 4 C A 5 1 0 3

8 0 8 A 5 1 4

SALTNEY A INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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CHESTER CITY CENTRE

CHESTER RETAIL PARK

SEALAND INDUSTRIAL ESTATE

CHESTER FOOTBALL CLUB

A5104 HIGH STREET RIVER LANE RIVER DEE INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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DESCRIPTION Central Trading Estate Two is immediately adjacent to the original Central Trading Estate, 7

5 6 which has been established for over 30 years, and 4 is anchored by Plumb Centre. 5 Central Trading Estate Two comprises a courtyard 6 of purpose built modern industrial/trade counter units, extending to 1,001.82 sq m (10,784 sq ft), CWRT ERWAIN constructed of steel portal frame, and clad with 4 ral 8 nt 4 nd 2 Ce part brick/block work elevations, above which 1 a Park there are plastic coated insulated steel panels,

ing

beneath a pitched roof, clad with similar materials, Trad

4 incorporating an element of natural light panels. 6

4

0 The property comprises seven industrial units, 3 Units 1 & 2 are combined and let to Bathstore. com Ltd, whilst the remaining units are self- 1 & 2 contained and let to individual businesses, as per the Tenancy Schedule. Church 7 SPECIFICATION 84 The specification includes the following: 98b 6.8m • Steel portal framed construction 86 • Part block/brick work with plastic coated 92

insulated steel panels above 98 • 3.75 metres to eaves • Three phase electricity 108 • Sectional insulated up and over door and pedestrian access 112 • Mains electricity, water and gas available 0m 10m 20m 30m 122 The property has the benefit of individual car parking spaces immediately outside the various Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:830 units, together with a central bank of car spaces. INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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TENURE Freehold.

TENANCY Please see Tenancy Schedule below.

UNIT TENANT SQ M SQ FT LEASE START BREAK CLAUSE LEASE EXPIRY RENT (PA) ERV RENT REVIEW COMMENT

1 & 2 Bathstore.com Ltd 253.61 2,730 04.09.13 31.08.18 04.09.23 £12,500 £15,700 01.09.18 ERV £5.75 psf

Philip Roberts & 25.12.18 & 25.12.18 & 3 203.34 2,189 25.12.15 25.12.24 £9,000 £10,945 ERV £5.00 psf Ian Whitehead 25.12.21 25.12.21

4 Tackle & Baits Ltd 111.86 1,204 17.06.04 - 17.06.19 £6,000 £7,700 - ERV £6.25 psf

5 Stephen Middleton 207.63 2,235 27.10.15 24.06.18 + 21 25.06.24 £9,300 £11,175 24.06.18 + 21 ERV £5.00 psf

6 Wilmac Flooring (Company) 113.21 1,219 26.01.16 26.01..19 + 22 26.01.25 £7,000 £7,300 24.12.17 ERV £6.00 psf Ltd

7 Chester Digital Supplies Ltd 112.17 1,207 29.04.16 29.04.19 28.04.22 £7,000 £7,500 29.04.19 ERV £6.20 psf

1,001.82 10,784 £50,800 £60,320 INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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PROPOSAL We are seeking offers in excess of £635,000, Subject to Contract, and excluding VAT, for this property investment. This shows an initial yield of 7.5% after costs. INVESTMENT SALE CENTRAL TRADING ESTATE TWO, HIGH STREET, SALTNEY, CHESTER, CH4 8SW

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SERVICE CHARGE PLANS/PHOTOGRAPHS Lease documentation allows for the Any plans or photographs forming part of landlord to charge back maintenance and these particulars were correct at the time management of common areas. of preparation and it is expressly stated that these are for reference, rather than fact. MARKET COMMENTARY Saltney is regarded as a leading industrial VIEWING location within Chester. The development Strictly by appointment through the sole has historically let well and attracted trade agents Beresford Adams Commercial, and local business occupiers, anchored by 01244 351212. Ref: OCT/16 The Bathstore.com.

SERVICES Mains electricity, water, gas and drainage are connected to the development. 01244 351212 LEGAL COSTS www.bacommercial.com Each party is responsible for payment of their own legal costs incurred in documenting this transaction.

VAT The property is registered for VAT purposes, which will therefore be payable on the purchase price, although it is envisaged the transaction will be treated as TOGC. Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact EPC upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give Energy Performance Certificates are any representation or warranty whatsoever in relation to the property. October 2016. RB&Co 0161 833 0555. available upon request. www.richardbarber.co.uk