ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY INVESTMENT SUMMARY
• Located in Ellesmere Port in an established industrial and manufacturing area • Close proximity to J9 of the M53 and visible from the motorway • Fully let to two occupiers – Cefetra Ltd and Urban Reserve (Assetco) Ltd • RPI & CPI Linked Rent Reviews • Asset Management Potential given low passing rent of £1.90 psf on Industrial premises • Urban Reserve will be installing a Gas Fired Power Plant on the site at a cost of circa £1.75M • Site area 1.17 acres • Net rent: £65,658 pa • Price: £925,000 (subject to contract and exclusive of VAT) • Net Initial yield 6.72% after purchaser’s costs of 5.66%
ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 2 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY LIVERPOOL CITY CENTRE
RIVER MERSEY
MANCHESTER SHIP CANAL
TO BIRKENHEAD, MERSEY TUNNELS AND LIVERPOOL
JCT 9 OIL SITES ROAD THE PROPERTY
M53
URBAN RESERVE
TO M56, CHESTER, M6 AND MANCHESTER OIL SITES ROAD THE PROPERTY
M53 8 58 6 61 1 666 66 62
21 58 27 2 20 6 61 58 19 58 5 19 5 26 17 20 16 1 21 15 22 SITUATION 1 1 6 25 7 580 12 2 1 2 6010 2 The subject property is situated within an established industrial area 57 6 580 11 2 10 67 lying between the M53 and the Manchester Ship Canal and River 62 2 Mersey, approximately one mile north east of Ellesmere Port town. 6 102 22 11 25 10 60 6 5058 62 21 26 The property benefits from immediate access to J9 of the M53 and is 1 9 56 5 27 5 8 6 7 visible from the motorway. 1 2 2 557 21 2 1 5 00 5 562 56 20 8 1 56 7 6 6 9 5 10 5 11 557 12 19 5 6 7 8 50 2 9 5 5 7 56 556 6 THE PROPERTY 10 1 5 7 5 8 9 11 5 7 15 1 5117 556 5
12 5
18
9 51 5 9 52 5 55 50 2 17
50 1 51 5 0 5 LOCATION
Ellesmere Port is located to the south of the Wirral Peninsula approximately 7 miles north of Chester
and 11 miles south east of Birkenhead. The town has a population of approximately 60,400 people 5 9 and its economy has been traditionally based on industry.
Lying to the east of the town is Stanlow Oil Refinery, the second largest refinery in the UK, which is THE PROPERTY owned by Essar Energy. Another major employer in the town is the Vauxhall Motors Assembly plant which produces the Astra model. Both operations support an essential supply chain in an around Ellesmere Port.
Ellesmere Port benefits from excellent road communications with the M53 passing through the town and linking to the M56 to the south and Liverpool to the North.
ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 5 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY DESCRIPTION
The premises are arranged over 3 bays and are of a steel portal frame construction beneath Asbestos sheet roofs. Each bay benefits from roller shutter door access and a yard bounded by palisade fencing. The south west corner of the site provides close proximity to both gas (25M) and electricity (75M) main supplies a unique feature of the site and the primary reason Urban Reserve are located here. Further information is available upon request. The Vendor (AMPIL 2 ASSET Ltd) obtained planning in Jan 2020 and amended in March 2021 (for unlimited operating hours), to construct and operate an urban reserve 2.5MW gas fired power plant in accordance with planning permissions 19/02423/FUL and 20/04776/S73 The vendor has recently undertaken refurbishment of the premises in the sum of £300,000 and further details are available on request, but may be summarised as follows: • Cladding to the elevations • Roof Works • Construction of a new canopy over loading area
ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 6 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY LEGEND
N FREEHOLD BOUNDARY Conveyor URBAN RESERVE LEASEHOLD Gas Gov BOUNDARY
SITE ACCESS Works El Sub Sta
Warehouse
Tank
El Sub Sta
DOCK YARD ROAD
Subway DOCK YARD ROAD
SUITE 5, BRINDLEY COURT GRESLEY ROAD SHIRE BUSINESS PARK WORCESTER WR4 9FD T: +44 (0)1905 751310 F: +44 (0)1905 751311 Depot www.slrconsulting.com LEGEND DOCK YARD ROAD, ELLESMERE PORT, M 53 CHESHIRE, CH65 4EF DOCK YARD POWER URBAN RESERVE FREEHOLD BOUNDARY LEASE PLAN
N O
0 5 10 15 20m 30 40 50 001
I L
URBAN RESERVE LEASEHOLD Metres 1:500 Scale Date
Conveyor © Crown copyright [and database rights] 2015 0100031673 Expires [31.05.2020] S 1:500 @ A3 MARCH 2020
08071.00001.16.001.0 .0 DNO - Lease Plan (UR125).dwg BOUNDARY I
Gas Gov © This drawing and its content are the copyright of SLR Consulting Ltd and may not be reproduced or amended except by priorT written permission. SLR Consulting Ltd accepts no liability for any amendments made by other persons.
SITE ACCESS Works El Sub Sta ACCOMMODATION
The property provides the following approximate floor areas
Description Sq Ft Sq M Warehouse Warehouse 25,121 2,333.81 Canopy 1,683 156.33
Tank Total 26,804 2,490.15
El Sub Sta Site Area 1.17 acres
DOCK YARD ROAD ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 7 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY Subway DOCK YARD ROAD
SUITE 5, BRINDLEY COURT GRESLEY ROAD SHIRE BUSINESS PARK WORCESTER WR4 9FD T: +44 (0)1905 751310 F: +44 (0)1905 751311 Depot www.slrconsulting.com DOCK YARD ROAD, ELLESMERE PORT,
M 53 CHESHIRE, CH65 4EF DOCK YARD POWER URBAN RESERVE LEASE PLAN
0 5 10 15 20m 30 40 O 50 001
I L
Metres 1:500 Scale Date
© Crown copyright [and database rights] 2015 0100031673 Expires [31.05.2020] S 1:500 @ A3 MARCH 2020
08071.00001.16.001.0 .0 DNO - Lease Plan (UR125).dwg I
© This drawing and its content are the copyright of SLR Consulting Ltd and may not be reproduced or amended except by priorT written permission. SLR Consulting Ltd accepts no liability for any amendments made by other persons. ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 8 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY TENANCIES COVENANT INFORMATION
Warehouse Cefetra Limited The warehouse and yard are let to Cefetra Limited for a term of 3 years from 24 July 2020 at an initial rent of £65,250 pa. The lease is drawn on good and Cefetra Limited are one of the major traders of grains tenantable repair and the rent is reviewed annually in line with RPI with a Cap 2.5% and no collar. The tenant has a rolling break option from 24 January and animal feed raw materials in the UK and Ireland. 2021 having given not less than 6 months prior written notice and the landlord must contribute to 50% of business rates payable. The net rent received They supply products to food producers in sectors is therefore £50,615 pa. including dairy, beef, lamb, poultry, pork, salmon, beer, bread, biscuits, breakfast cereals and pet food. Cefetra Land despatch between 85,000 to 90,000 tons of raw materials The area of land to the south west of the site is let to Urban Reserve (Assetco) Limited for a term of 30 years from 6 January 2021 at an initial rent of to industry partners every week and handle over 550 – £15,000 pa. The rent is to be reviewed every third anniversary of the term in line with CPI with no Collar or Cap. The tenant has the option to break on 600 lorry loads per day. The group has over 700,000 tons the 20th anniversary of the term having given not less than one month notice. of storage capacity and the subject property forms part of this network. Substation The substation on site is let to SP Manweb Plc for a term of 99 years from 21 March 2011 at nil rent. Urban Reserve (Assetco) Limited Urban Reserve (Assetco) Limited forms part of AMP Clean Energy which develops, owns and operations low carbon heat and power solutions including biomass heat installations and flexible generation plants. Urban Reserve (Assetco) Limited owns a portfolio of 33 gas peaking plants (5 operational, 15 in construction and 13 with planning in detailed design).
These Gas Peaking Plants use natural gas to generate electricity for the “longer periods” of low renewable output and thereby ensuring we have secure energy supplies whilst supporting growing renewable capacity without the risk of power cuts. By securing electricity supply the gas peaking plants help enable the transition to a low carbon economy. Further information can be found at www.ampcleanenergy.com/urban-reserve.
ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 9 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY EPC
Band E.
MONEY LAUNDERING REGULATIONS
In accordance with Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required for the successful purchaser prior to solicitors being instructed.
VAT
The subject property is elected for VAT and providing certain criteria are met the transaction may be treated as a FURTHER INFORMATION TOGC. For further information please do not hesitate to contact:
PROPOSAL Simon Bland 0151 242 3041 We are instructed to seek offers of £925,000 subject to [email protected] Messrs. Mason Owen & Partners for themselves and for vendors or lessors of this property whose agents they are, give notice that the contract and exclusive of VAT. particulars are set out as a general outline for the guidance of intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other Andrew Scott details, are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations A purchase at this price will reflect a Net Initial Yield of 0151 242 3043 of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Messrs. Mason Owen & Partners has any authority to make or give any representation or warranty whatever in relation to this property. 6.72% after allowing for purchaser’s costs of 5.66% [email protected] RB&Co 0161 833 0555. www.richardbarber.co.uk
ELLESMERE PORT, CHESHIRE INDUSTRIAL AND INFRASTRUCTURE 10 OIL SITES ROAD CH65 4EG INVESTMENT OPPORTUNITY