Units 1-3 Stairfoo T Way & Units 4-C Bleachcroft Way Barnsley, South

FREEHOLD MULTI-LET INDUSTRIAL, TRADE COUNTER AND RETAIL WAREHOUSE INVESTMENT OPPORTUNITY UNITS 1-3 STAIRFOOT WAY & WAY UNITS 1-3 STAIRFOOT UNITS 4-C BLEACHCROFT WAY UNITS 4-C BLEACHCROFT WAY BARNSLEY, SOUTH YORKSHIRE, S70 3PA SOUTH YORKSHIRE, BARNSLEY, UNITS 1-3 STAIRFOOT WAY & UNITS 4-C BLEACHCROFT WAY FREEHOLD MULTI-LET INDUSTRIAL, TRADE COUNTER BARNSLEY, SOUTH YORKSHIRE, S70 3PA AND RETAIL WAREHOUSE INVESTMENT OPPORTUNITY

INVESTMENT CONSIDERATIONS ■■ Freehold multi-let industrial, trade counter and retail warehouse investment opportunity ■■ Numerous asset management opportunities ■■ Prominently situated within a mixed use location ■■ The location will benefit from the development of 230 residential units to the rear and ■■ 5 units ranging from 5,086 sq ft to 41,045 sq ft - total area of 58,379 sq ft the subletting of the adjacent former B&Q ■■ Fully let to 4 tenants at a passing rent of £231,840 per annum (£3.98 psf) ■■ We are instructed to seek offers in excess of £2,565,000 (Two Million Five Hundred and Sixty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this ■■ 55% let to A. F. Blakemore and Son Limited (D&B 5A1) for a term of 7.85 years to expiry level reflects a net initial yield of 8.50% and a low capital value of £43.94 psf. ■■ The property benefits from a WAULT of 6 years to lease expiry and 5.4 years to break

WOMBWELL RETAIL PARK

TESCO

UNIT C UNIT 4

VACANT B&Q (Under offer) ALLOCATED RESIDENTIAL DEVELOPMENT SITE OUTLINE PLANNING FOR 230 UNITS

UNIT 3

UNITS 1-2

Outline for indicative purposes only. UNITS 1-3 STAIRFOOT WAY & UNITS 4-C BLEACHCROFT WAY FREEHOLD MULTI-LET INDUSTRIAL, TRADE COUNTER BARNSLEY, SOUTH YORKSHIRE, S70 3PA AND RETAIL WAREHOUSE INVESTMENT OPPORTUNITY

DUNDEE ■ PERTH ■

EDINBURGH ■

GLASGOW

NEWCASTLE UPON TYNE ■

■ ■ CARLISLE SUNDERLAND

MIDDLESBROUGH

Outline for indicative purposes only.

YORK A6 LUNDWOOD 3 LOCATION 5 A 6 35 3 A 6 River Dearne 3

LEEDS R A O Barnsley is a major South Yorkshire town situated on the west bank of the Dearne T

6 HE HULL 1 RH Valley. Barnsley is located within close proximity of a number of national road networks, AM ROAD making it an attractive location for industrial occupiers. The M1, M62, A1 (M) and M18 HALIFAX Barnsley ACT RO FR A motorways provide Barnsley with access to (Manchester 47 miles (75 km) to the west, E D CUNDY CROSS HOYLE MILL SCUNTHORPE PONT Leeds 24 miles (38 km) to the south, Sheffield 16 miles (26 km) to the north and (180 BOLTON BARNSLEY Barnsley 8 DONCASTER Barnsley Football 62 miles) 289 km north of London). Town CentreGRIMSBY Club A

LIVERPOOL MANCHESTER A

6 3

Barnsley railway station provides regular National Rail services into Leeds (35 minutes) 2 3 8 S SHEFFIELD H 6 E A F and Sheffield (24 minutes) which provide regular connections to London Kings Cross (2h GAINSBOROUGH F I E L 30 minutes from Leeds & Sheffield) and Manchester Piccadilly (50 minutes from Sheffield D

BUXTON CHESTERFIELD R MEASBOROUGH DIKE D A6 35 D & 1 hour from Leeds). Barnsley interchange also provides for regular bus links to Leeds, LINCOLN ONCATSER ROAD 113 DONCATSER RO Doncaster, Sheffield and Manchester which are all accessible within an hour drive. The A6 AD town also benefits from a number of additional transport links including Manchester NEWARK-ON-TRENT STAIRFOOT

NEWCASTLE-UNDER-LYME E A airport to the west and Doncaster Robin Hood airport to the east. AN 6 BOSTON L 3 Y 3 E W STOKE-ON-TRENT A L O 6 G M NOTTINGHAM 1 N The surrounding area is a prominent industrial and retail location with a number of DERBY WORSBROUGH SHE I B N W M COMMON N E O F KENDRAY U L

U L FI H national retailers in occupation including McDonalds, Aldi and Tesco. Wombwell Retail

N E L

0 A T LD ROAD

1 N

STAFFORD

6 E

Park is adjacent to the subject property with occupiers such as B&M, Harveys, Pets B

R N

at Home and Dunelm whilst Barnsley Trade Park is also situated nearby with national O

occupiers including Jewsons, Toolstation, Halfords Autocentre and Screwfix. D ■ LEICESTER NORWICH WALSALL PETERBOROUGH WOLVERHAMPTON

BIRMINGHAM COVENTRY

NORTHAMPTON CAMBRIDGE

IPSWICH ■

MILTON KEYNES

OXFORD

■ SWANSEA SWINDON CARDIFF ■ READING LONDON ■ ■ BRISTOL ■ BATH

■ SOUTHAMPTON ■ PORTSMOUTH

■ PLYMOUTH UNITS 1-3 STAIRFOOT WAY & UNITS 4-C BLEACHCROFTStairf ooWAYt Way and Beachcroft Way Barnsley S70 3PA FREEHOLD MULTI-LET INDUSTRIAL, TRADE COUNTER BARNSLEY, SOUTH YORKSHIRE, S70 3PA AND RETAIL WAREHOUSE INVESTMENT OPPORTUNITY

The Bungalow El Sub Sta

9 1

1 6

E Superstore C A R R 3 E 1 T 'S Y A

a 2 Y

F Warehouse

C LD A LA 45 E NE L B

Tank

Issues Water

Stairfoot Business Park STAIR FOOT WAY

0m 25m 50m 75m

SITUATION TENURE ASSET MANAGEMENT OPPORTUNITY The property is located off the Stairfoot roundabout Freehold. The subject property offers significant asset management and • The former B&Q unit located directly opposite unit 4 and which acts as the intersection of Doncaster Road, growth potential: unit C is currently let to Sainsbury’s as a large supermarket Wombwell Lane and Hunningley Lane. The subject • Potential to renew the existing lease on unit 1 let to GA Kelly. format who did not take occupation. A sub lease from units are situated within the Stairfoot Business Park SITE AREA Sainsbury’s is currently under offer through Colliers pending • Negotiate a surrender of the unit 4 let to AF Blakemore who which is only 2 miles (3.2 km) from the centre of negotiation. The site area is 2.86 acres for unit 4 & unit C not in occupation and sub divide the unit to achieve a Barnsley. Both junctions 36 and 37 of the M1 are (41% site coverage) and 0.69 acres for units 1, 2 & higher rent. • The recent reallocation of the land to the rear of the 3.5 miles (5.5 km) to the west of the property which 3 (39% site coverage) providing a total site area of property from employment use to residential use and provides it with excellent to the wider UK motorway • Alternatively, there may be potential for alternative uses 3.55 acres and a 41% site coverage overall. an outline application for up to 230 dwellings is currently including trade counter, ‘drive-thru’ restaurant or residential network. under determination (Ref. No 2017/0753). use subject to the necessary consents. UNITS 1-3 STAIRFOOT WAY & UNITS 4-C BLEACHCROFT WAY FREEHOLD MULTI-LET INDUSTRIAL, TRADE COUNTER BARNSLEY, SOUTH YORKSHIRE, S70 3PA AND RETAIL WAREHOUSE INVESTMENT OPPORTUNITY

DESCRIPTION UNITS 1-3 Comprises a terrace of warehouse units built in 2004 with an internal eaves height of approximately 6.50 metres and customer car parking accessed via Stairfoot Way.

UNIT 4 Comprises a former “cash and carry warehouse” with an internal eaves height of approximately 5.60 metres and a large customer car park which provides 61 marked spaces accessed via Bleachcroft Way.

UNIT C Comprises a self-contained retail warehouse which benefits from an internal eaves height of 5.60 metres and 23 marked customer car parking spaces accessed via Bleachcroft Way.

COVENANT A. F. Blakemore and Son Limited (D&B 5A1) is a UK based family owned business engaged in the wholesale, retail distribution and the operation of SPAR convenience shops.

26/04/2015 30/04/2016 30/04/2017 Turnover £1,275,954,000 £1,306,165,000 £1,299,653,000 Pre Tax Profit £9,011,000 £7,603,000 £7,354,000 Net Worth (exc intangible assets) £62,838,000 £63,260,000 £70,319,000

Wilsons Furnishers Limited (D&B 2A1) is a UK based company involved in the retail sale of carpets, rugs, flooring and beds.

30/09/2015 30/09/2016 30/09/2017 Turnover £13,221,983 £18,002,704 £22,484,781 Pre Tax Profit £980,852 £1,158,770 £1,307,006 Net Worth (exc intangible assets) £1,687,136 £2,420,347 £3,097,909

TENANCY SCHEDULE

Unit Tenant Area sq m Area sq ft Lease Start Lease Expiry (Break Rent (p.a.) Rent (psf) Comments Option)

1 GA Kelly (Fruit Sales) Ltd 558.72 6,014 23/7/04 22/7/19 £27,000 £4.49

2&3 BFS (Barnsley Food Catering Supplies) Ltd 472.51 5,086 25/6/07 24/6/22 £22,500 £4.42

4 A. F. Blakemore & Son Ltd 3,813.21 41,045 2/8/16 1/8/26 £132,340 £3.22 Rent ‘topped up’ by vendor to the fixed increase on 02/08/2019 to £132,340 p.a.& then OMV thereafter. The current rent is £122,160 p.a. Tenant not in occupation. C Wilson Furnishers Ltd 579.16 6,234 25/11/17 24/11/2023 £50,000 £8.02 Break option subject to 6 months written notice. (25/11/2020)

Total 5,423.59 58,379 £231,840 £3.98 Outline for indicative purposes only.

EPC VAT DATAROOM Available upon request. The property has been elected for VAT. For access to the Allsop dataroom please use the following link: https://datarooms.allsop.co.uk/register/stairfoot

PROPOSAL We are instructed to seek offers in excess of £2,565,000 (Two Million Five Hundred and Sixty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 8.50% and a low capital value of £43.94 psf.

For further information or to make arrangements for viewing please contact: Mark Dansky Andrew Wise 020 7543 6813 020 7543 6731 [email protected] [email protected] allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 10.18