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Sale and Leaseback Investment Opportunity Ashby Road Campus - Shepshed - Loughborough

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Sale and Leaseback Investment Opportunity Ashby Road Campus - Shepshed - Loughborough Sale and Leaseback Investment Opportunity Ashby Road Campus - Shepshed - Loughborough Opportunity to acquire 4.5 acres on Ashby Road, an established industrial estate West of Loughborough in close proximity to the M1, Junction 23. The property to be sold FREEHOLD on a sale and leaseback basis to Meggitt Properties Plc. Charnwood Road Shepshed Looking East towards Junction 23 of the M1 Motorway and Loughborough. Loughborough The main road on the right of the picture is the A512 Ashby Road, just 1 mile from Junction 23 of the M1. LE12 9EQ On the instructions of Meggitt Holding Plc. Location Investment summary The property is located to the south of the town of Shepshed on the western edge • Opportunity to acquire a sale and leaseback Investment, let to Meggitt Holdings Ltd. of Loughborough. The location benefits from excellent road connectivity with Freehold site extending to 4.5 acres providing a low density site cover of just 35%. junction 23 of the M1 located just 1 mile to the east of the site along Ashby Road. • • Excellent logistics location within 1 mile of the M1 (J23). East Midlands is the closest Airport, 7 miles to the north and Loughborough Train Station is circa 7 miles to the east. The cities of Nottingham and Leicester are 19 • The buildings on site total 67,094 sq ft of which 45,932 sq ft is a modern high bay miles north and 13 miles south respectively. warehouse with an eaves height of 10.9m. • The new lease will provide a 15-year term certain, with an upward only review based Description on the retail price index with a cap and collar of 1% & 3% compounded annually. The site comprises 3 main buildings with associated stores. The main detached modern warehouse (Building 11) was constructed in 2001 and provides the • The initial rent is £450,000, equating to £6.70 psf across the site. following specification: • Opportunity to acquire the neighbouring 3.0 acre site: Ashby Road Campus (South). The vendor has a 2/3 year programme to vacate the southern site and will entertain • Eaves height 10.9m proposals on a conditional and unconditional basis by separate negotiation. • 2 level access loading doors • Offers are sought in excess of £7,673,000 (Seven Million Six Hundred and Seventy Three • Power 800kva (for the site) Thousand), subject to contract and exclusive of VAT, which reflects a Net Initial Yield of • Various mezzanine areas 5.46%, assuming purchaser’s costs of 7.41%, and a capital value of £114.36 per sq ft. • The site has generous yard and parking provisions Covenant information • Secure gated site Meggitt Plc is a global business head quartered in the United Kingdom and listed on the London Stock Exchange. The business specialises in the production of components for the Site aerospace, defence and energy sectors. The site extends to 4.5 acres (1.82 ha) providing a low density site cover of just 35%. Meggitt Properties Plc (the tenant), is an intermediate holding company, owning shares in certain Meggitt Plc group companies, its secondary activity is that of owning and leasing The site highlighted in red on the southern boundary is owned by the vendor. property and has a Dun and Bradstreet rating of 5A1. There is potential to acquire this adjoining 3 acre site. The vendor has a 2/3 year programme to vacate the southern site and will entertain proposals on Meggitt International Holdings Ltd, will provide an additional guarantee for the lease a conditional and unconditional basis by separate negotiation. providing an exceptional covenant strength with a Dun and Bradstreet rating of 5A1. Accommodation table Financial information table Meggitt Properties Plc 31/12/2019 31/12/2018 31/12/2017 Building Use Area (GIA) sq m Area (GIA) sq ft (£000’s) (£000’s) (£000’s) 8 Production/Warehouse 1,630 17,544 Turnover 791 515 802 10 Warehouse/Store 336 3,618 Profit Before Tax 31,760 22,058 39,428 11 Production/Warehouse 4,267 45,932 Tangible Net Worth 477,733 435,896 441,068 Total 6,233 67,094 Meggitt International Holdings Ltd 31/12/2019 31/12/2018 31/12/2017 (£000’s) (£000’s) (£000’s) Turnover 64,886 89,339 75,506 Profit Before Tax 54,665 90,358 87,223 Tangible Net Worth 1,423,866 1,530,191 1,902,740 Building 11: Modern High Bay Industrial Building: circa 45,932 sq ft (4,267 sq m) Building 8: 70’s/80’s Industrial Building: circa 17,544 sq ft (1,630 sq m) 4.5 acres Building 10 Ashby Road Campus + Extension: (Northern Site) Modern High Bay Industrial Building: circa 3,168 sq ft (336 sq m) 3.0 acres Ashby Road Campus (Southern Site) Sale & Leaseback Site Retained by Meggitt, possible FREEHOLD sale by separate negotiation. Looking North West. The main road at the bottom of the picture is the A512 Ashby Road, leading directly to Junction 23 of the M1 Motorway and Loughborough. Manchester Sheffield Doncaster Airport Manchester Airport Lincoln Distance by road to: M1: 1 mile Newark-on-Trent Birmingham: 37 miles Nottingham: 19 miles Stoke-on-Trent Sale and Leaseback Leicester: 13 miles Derby Grantham Daventry Freight Nottingham Investment Opportunity Terminal: 33 miles East Midlands Ashby Road Campus - Shepshed - Loughborough Stafford Airport 10 20 30 40 Rail travel time from miles miles miles miles Loughborough Station: Loughborough Tenure Freehold. Leicester: 10 mins Wolverhampton Nottingham: 25 mins Leicester Birmingham VAT London St. Pancras: 90 mins Peterborough The property has been elected for VAT purposes. Coventry Distance by road to: Birmingham Airport Energy Performance Certificate (EPC) Kidderminster Details provided in the data room. East Midlands Airport: 8 miles Coventry Airport Birmingham Airport: 34 miles Northampton Airports Data Room Coventry Airport: 37 miles Bedford The Golden Triangle Data room access will be made available on request. Centre of UK Logistics Proposal M1 Offers are sought in excess of £7,673,000 (Seven Million Six Hundred and N Seventy Three Thousand), subject to contract and exclusive of VAT, which Hathern 4.5 acres Ashby Road Campus reflects a Net Initial Yield of 5.46%, assuming purchaser’s costs of 7.41%, (Northern Site) and a capital value of £114.36 per sq ft. Derby Road (A6) Contact and further information To register expressions of interest please contact: Charnwood Road Steven Williams Adrian Whitfield M1 Loughborough 07761 082 986 07901 558 730 Shepshed M1 J23 [email protected] [email protected] 3.0 acres Ashby Road (A512) Ashby Road Campus (Southern Site) Nanpantan Ashby Road (A512) M1 Misrepresentation Act 1985 Realest for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Realest has any authority to make or give any representation or warranty whatever in relation to this Designed by the Cedar Group: 01794 525 020 property. Date prepared 03/2021..
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