INDUSTRIAL COMPLEX - OWNER OCCUPIER / INVESTMENT / DEVELOPMENT OPPORTUNITY 192,812 SQ FT ON A SITE OF 12.82 ACRES SHEEPBRIDGE WORKS SHEEPBRIDGE LANE CHESTERFIELD S41 9RX SHEEPBRIDGE WORKS SHEEPBRIDGE LANE CHESTERFIELD S41 9RX OPPORTUNITY SUMMARY

• Situated on the well-established and popular Sheepbridge Trading Estate.

• Centrally located within the UK providing good access to major road connections including the M1 motorway (6.8 miles).

• Very low vacancy rates within the wider industrial area.

• The property comprises a substantial industrial warehouse with a total Gross Internal Area of 192,812 sq ft (17,912 sq m).

• The property occupies a site of approximately 12.82 acres.

• The property is currently let to John G Stein & Company Limited by way of a lease expiring 20 December 2021, at a passing rent of £728,451 per annum. The tenant is no longer in occupation.

• We are instructed to seek offers in excess of £5,000,000 (Five Million Pounds), subject to contract and exclusive of VAT.

• A purchase at this level refl ects an attractive Net Initial Yield of 13.67% after allowing for purchaser’s costs of 6.59% and a modest capital value of £25.69 psf.

• Upon expiry of the tenant’s lease, the property would be suitable for subdivision or redevelopment. Alternatively it would be an excellent opportunity for an owner occupier to secure a rare freehold site in a popular but supply constrained area. DUNSTONE OFFICE CENTRE

DUNSTONE ROAD CHESTERFIELD BRIDGE BUSINESS LOCATION (2 MILES) CENTRE

Chesterfi eld, the largest and northern most town of North East , is located centrally within the UK with strong motorway links. Access to the M1 Motorway is readily SHEEPBRIDGE available; access to the north is provided by the A619 at Junction 30, approximately 10 WORKS miles (16.1 km) away with access south provided by the A617 at Junction 29 of the M1, SHEEPBRIDGE LANE approximately 8.5 miles (13.7 km) away.

4 1 5 The town lies approximately 10 miles (16.1 km) to the20 south of Sheffi eld via 38 3 19 M180 2 3 Grimsby HUMBERSIDE the A61, 15 miles (24.1 km) north east of Mansfi eld, 32 miles (51.5 km) 37 Barnsley 4 17 37 4 north of Derby and 150 miles (241.4 km) north of London. M1 Doncaster 36 36 DONCASTER MANCHESTER 3

35 Doncaster Sheffi eld Airport is within a 45 minute drive time,1 3 Stocksbridge Glossop Rotherham A1(M) CHESTERFIELD M60 1 MAINLINE whilst elsewhere in the region there are four other9 international 34 Gainsborough 33 32 airports within 1 hour’s drive at Manchester, Leeds5 Bradford,Cheadle 34 6 SHEFFIELD A61 Humberside and Nottingham . AccessMANCHESTER to the 31 east coast ports of Hull, Grimsby and Immingham isWilmslo aroundw Retford Dronfield M1 Worksop 1 hour’s drive away. 30 B6057 Buxton SHEFFIELD ROAD Macclesfield LINCOLN The town is on the mainline rail service which operates a CHESTERFIELD frequent service to London St Pancras with a journey time Clay 29 Congleton Cross of approximately 2 hours. Mansfield Matlock SHEFFIELD (10 MILES) 28 Kirkby in Kidsgrove Ashfield Newark- Ripley 27 on-Trent STOKE-ON-TRENT Belper Hucknall L IL Eastwood U Newcastle- H Ashbourne 26 N N S 15 under-Lyme Ilkeston T T O O G NOTTINGHAM N N N L I E T E T D I Beeston G H

R 25 Grantham D DERBY W I O W

R 2 Stone Long Eaton B N 5 O P F 0 Uttoxeter E I R E E 6

M6 K B6050 DU H SITUATION N S L B S D S T O 24 N RO Old Whittington EAST A B R D 14 MIDLANDS Y O - Burton upon Spalding P Stafford M1 A The property is located to the east of Sheepbridge Lane between the - A Trent D S S Dronfi eld Bypass (A61) to the north and Foxwood Road to the south, approximately 13 Rugeley Ashby-de- 23 SHEEPBRIDGE la-Zouch 2 miles to the north of Chesterfi eld town centre. The property forms the residue of WORKS a once larger engineering works which historically dominated the surrounding area 19 A6 on either side of Sheepbridge Lane, Chesterfi eld. RIMINGTON RO B 6050 B AD STRA 615 0 ND IN B RO A AD KE Sheepbridge is one of Chesterfi eld’s principal industrial areas and is home to a wide 6 D R 1 A S O J30 M1 k A R L variety of businesses and use types, from traditional industrial and warehousing

L B D 60 L 51 IE G PROACT RF occupiers to trade operators, offi ces and car showrooms. E R STADIUM ST E E CH A 6 1 9 E D A N O M RO R AD Location Distance A N

E N E D

R O A G R Y O Chesterfi eld Station 2 miles E L R S R D N N O U O GT A LO Junction 29 (M1) 8.5 miles N D I

M

I A

B R

6 6 Sheffi eld 10 miles

B 0 1 51 N 3 E 4 W 5 Mansfi eld 15 miles B 6 O B L B D R L O A Derby 32 miles A C ASHGATE D K ROA D S M IT Doncaster Sheffi eld Airport 33 miles SA H LTE RGATE L A N Central London 150 miles E OLD CHESTERFIELD J29a M1 m R O A D CH T D A A6 ES T LD RO O P RO 1 9 LL E RFIE A D RO RTH HI A WO H A D Y D TS HA 9 C A 61 DESCRIPTION SHEEPBRIDGE WORKS The property comprises a variety of The buildings originally demised to SHEEPBRIDGE LANE CHESTERFIELD S41 9RX industrial and ancillary buildings arranged the tenant extend to approximately around a main warehouse in the centre of 182,235 sq ft (16,930.2 sq m) Gross the site. Internal Area. In addition, the tenant has constructed a number of new buildings The majority of the buildings are of steel on site which are not currently rentalised. truss and steel portal framed structures The property has a Gross Internal Area and have been re-clad in recent years with of 192,812 sq ft (17,912 sq m). Further profi led metal sheeting. In addition there information is available on request. are a number of more modern, detached buildings around the perimeter of the site. Access for heavy goods vehicles is via a dedicated roadway, which leads to the rear To the front of the site is a new detached of the site where loading and unloading offi ce building with an associated parking is carried out, together with an area set area which was developed in 2012. out for trailer parking. Access for staff and visitors is via a secondary entrance adjacent to the new offi ce block.

SITE

The property extends to approximately 12.82 acres (5.18 hectares).

TENURE

The property is held Freehold. SITE PLAN SHEEPBRIDGE WORKS 4 SHEEPBRIDGE LANE CHESTERFIELD S41 9RX

2

8 1

7

6

5 ACCOMMODATION

The property provides for a GIA of 192,812 sq ft 3 (17,912 sq m), arranged as follows:

Unit Usage sq ft sq m 1 Industrial 123,065 11,433 2 Industrial 24,114 2,240 3 Industrial 13,131 1,220 4 Industrial 7,491 696 5 Industrial 6,091 566 6 Industrial 8,891 826 7 Industrial 5,058 470 INDUSTRIAL COMPLEX - 8 Offi ce 4,971 461 Total 192,812 17,912 OWNER OCCUPIER / INVESTMENT / DEVELOPMENT OPPORTUNITY The main warehouse could be sub-divided to 192,812 SQ FT ON A SITE OF 12.82 ACRES provide a variety of smaller units SHEEPBRIDGE WORKS SHEEPBRIDGE LANE CHESTERFIELD S41 9RX

TENANCY ANTI MONEY

The property is let in its entirety to John LAUNDERING G Stein & Company Limited (formerly In accordance with Anti-Money Laundering Vesuvius UK (2002) Limited), for a term of Regulations, the successful purchaser 20 years from 21 December 2001, expiring 20 will be required to provide two forms of December 2021. The tenant is no longer in identifi cation and confi rmation of the source occupation of funding. The passing rent is £728,451 per annum. PROPOSAL EPC We are instructed to seek offers in excess of £5,000,000 (Five Million Pounds), subject The property has an Energy Performance to contract and exclusive of VAT. Certifi cate rating of D-93.

VAT ALL ENQUIRIES

We understand the property has been For additional information or to arrange elected for VAT and hence we anticipate an inspection please contact: the sale will be undertaken as a transfer of a going concern (TOGC). Nick Wales Knight Frank LLP M: 07767 291353 CAPITAL [email protected] Rebecca Schofi eld ALLOWANCES Knight Frank LLP M: 07776 172123 There are no capital allowances available. rebecca.schofi [email protected]

MISREPRESENTATION ACT: Knight Frank LLP give notice to anyone who may read these particulars as follows:- 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photo- graphs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must fi nd out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in with registered number OC305934. Our registered offi ce is 55 Baker Street, London W1U 8AN, where you may look at a list of members’ names. October 2020. Designed and produced by www.thedesignexchange.co.uk Tel: 01943 604500.