dakota portfolio Sale & Leaseback of 9 Freehold Retail Warehouse Investments portfolio summary

• A sale & leaseback portfolio of 9 Wickes retail warehouse investments. • Let on new 15 year leases, subject to a T.B.O. at the 10th year and a 2 year rent penalty. • Wickes Building Supplies Ltd is a secure 5A1 covenant. • Seven units newly developed or reconstructed. • Strong trading locations and offering latest trading format. • Total GIA of 241,415 sq ft (excluding trading mezzanines of 29,522 sq ft). • Total initial rental £2,786,580 per annum. • Low initial average rent of £11.54 psf, indicating excellent prospects for future rental growth. • 5 yearly upward only rent reviews to Market Value. • Quoting £43,600,000, exclusive of VAT. • Net initial yield of 6%. • The preference is for the sale of the portfolio to a single purchaser. However, proposals for part of the portfolio or individual holdings will be considered. locations

Cockerell Road, Corby, Northamptonshire, NN17 5DU

Wade Street, Halifax, HX1 1SN

Sweet Briar Park, Hellesdon Road, Norwich, NR6 5AP

Old Mills, , , BS39 7SW

Gipping Way, Stowmarket, Suffolk IP14 1EY

Unit 25 Castlefields Industrial Estate, Wylds Road, , TA6 4DH

137-139 Somerford Road, Unit 1 Railside Retail Park 55-269 London Road, Christchurch, BH23 3PY Shripney Road, Bognor Regis, PO22 9FL Burgess Hill, RH15 9QU investment opportunity

Lease Structure VAT The retail warehouse units will be leased back on overriding leases to be All properties will be elected for VAT. The transactional structure will held by Wickes Buildings Supplies Limited for a term of 15 years. Each lease permit the sale and leaseback to be treated as a TOGC. will include a tenant only break option on the 10 year anniversary subject to a 2 year rental penalty. The lease will be issued in the Vendor’s standard format on full repairing and insuring terms. Tenure At Stowmarket, an additional unit of 10,271 sq ft will be occupied by and Each property within the portfolio is held Freehold. let to Travis Perkins Trading Company Limited, adopting an identical lease format to Wickes. Proposal At Halifax, an additional unit of 9,739 sq ft is independently let to Halfords Quoting £43,600,000 (Forty Three Million, Six hundred Thousand Pounds) Autocentres Limited for a term expiring 9th February 2024, at a passing for the freehold interests, subject to contract and exclusive of VAT. This rental of £50,000 per annum. price reflect a Net Initial Yield of 6%, assuming standard Purchase’s Costs If appropriate, leases and the sale of a property will be completed and SDLT of 6.54% (SDLT apportioned to the individual holdings). following Practical Completion of those units still under construction.

The preference is for a sale of the portfolio to a single purchaser. However, Rental Income proposals for part of the portfolio or individual holdings will be considered. The aggregate initial rent receivable will be £2,786,580 per annum. A schedule of individual rents can be found within the Tenancy Schedule.

Rent Reviews All leases are subject to five yearly upward only rent reviews to Market Value. Non-structural trading mezzanines and associated ancillary accommodation (amounting to approx. 29,522 sq ft GIA) are to be regarded as tenant’s fit out works and will be excluded at rent review and lease renewal. tenancy schedule

Grd 1st Total GIA Rent (£ PSF) *Mezzanine Site Area Site Rent Towns Brand Trading Ancillary (Ex. Mezzanine) GIA + SQ FT Acres Coverage £ PA SQ FT SQ FT SQ FT SQ M 1st Off Burgess Hill Wickes 19,776 1,293 2,915 21,069 1,957 1.22 37% £325,000 £15.43 Christchurch Wickes 18,820 - 5,613 18,820 1,748 1.23 35% £281,330 £14.95 Wickes 35,288 1,475 - 36,763 3,415 £330,000 £8.98 Halifax 3.11 32% Halfords 8,023 1,716 - 9,739 905 £50,000 £5.13

Wickes 25,068 - - 25,068 2,329 Midsomer CPS 3,672 - 2,162 3,672 341 4.13 18% £357,50 0 £10.92 Norton TBC 3,996 - - 3,996 371

Wickes 20,371 - 5,000 20,371 1,854 £258,000 £12.92 Stowmarket 2.69 26% Travis Perkins 10,271 - 3,832 10,271 954 £62,000 £6.04 Corby Wickes 20,233 - 5,000 20,233 1,880 2.00 23% £193,500 £9.56 Norwich Wickes 25,000 - - 25,000 2,323 2.53 23% £357,750 £14.31 Bridgwater Wickes 25,574 838 - 26,412 2,454 2.07 28% £281,250 £10.65 Bognor Regis Wickes 20,000 - 5,000 20,000 1,858 1.61 29% £290,250 £14.51 236,093 5,322 29,522 241,415 22,428 20.58 26% £2,786,580 £11.54

* Trading Mezzanines and associated ancillary accommodation to be regarded as Tenant’s Fit-Out works. tenant covenants

Wickes Building Supplies Limited (Reg. No: 1840419) and Travis Perkins Trading Company Limited (Reg. No: 0733503) are wholly owned subsidiaries of Travis Perkins plc, a FTSE 100 listed company whose 20 businesses trade from over 2,000 sites throughout the UK. It is a leading company in the builders’ merchanting and home improvement markets. Travis Perkins plc reported a Group 6.5% increase in turnover for Y/e December 2015 to £5.94 billion, pre-tax profits of £223.5m and an 8.7% increase in EBITA to £413 million. For Q1 2016, Travis Perkins Plc reported a 4.2% increase in Group like-for-like sales. The public release of the 2015 accounts and H1 2016 trading figures are imminent.

Wickes trades from a total of 236 stores. It is the Travis Perkins is the UK’s leading UK’s fastest growing DIY retailer and the market builders merchant for trade customers. leading online DIY proposition. The new trading It currently has 656 branches with an format stores are driving a strong uplift in sales and active investment programme driving further expansion. A 4.7% increase a 7.3% increase in like-for-like sales during Q1 2016 in like-for-like sales during Q1 2016 was reported for the ‘General was reported for the ‘Consumer Division’ of Travis Perkins plc. This builds Merchanting Division’ of Travis Perkins plc. This builds on a 3.9% increase on a 5.3% increase for Y/e December 2015. for Y/e December 2015, which outperformed the market. Wickes Building Supplies Limited has a D&B Rating of 5A1 representing a Travis Perkins Trading Company Limited has a D&B Rating of 5A1 “minimum risk of business failure”. Summaries from available accounts for representing a “minimum risk of business failure”. Summaries from the three previous trading years are: available accounts for the three previous trading years are:

Last Turnover Pre-Tax Profit Net Worth Last Turnover Pre-Tax Profit Net Worth Accounts £’000 £’000 £’000 Accounts £’000 £’000 £’000 27/12/2014 £1,039,986 £68,761 £355,080 31/12/2014 £2,197,772 £125,215 £512,422 28/12/2013 £972,038 £49,441 £298,859 31/12/2013 £1,947,392 £129,959 £615,454 29/12/2012 £976,136 £55,050 £273,471 31/12/2012 £1,755,318 £117,459 £568,335 tenant further covenants information (continued)

Halfords Autocentres Ltd (Reg. No: 04050548) is Dataroom a wholly owned subsidiary of Halfords Group Plc. An electronic dataroom has been fully prepared and access will They are “one of the UK’s leading independent car be arranged by request. Warranty packages are available on servicing and repair operators” trading from all newly constructed units. 314 sites throughout the UK.

Halfords Group Plc is listed in the FTSE 250 and for the year ending Contact 1st April 2016 had Total Group Revenue of £1.02 billion; pre-tax profits For further Information or to arrange an inspection, at £81.5 million and net assets of £406.4 million. Detailed accounts are please contact:- not yet available for Halfords Autocentres Ltd but the Group Preliminary Results for the same period show a 4.1% increase in turnover to £153 million to 1st April 2016 and 13.2% increase in EBITDA to £8.6 million. Halfords Autocentres Limited has a D&B Rating of 4A 1 representing a Paul Yeadon Brook Stotesbury “minimum risk of business failure”. Summaries from available accounts [email protected] [email protected] for the three previous trading years are: DDI: 020 7318 1931 DDI: 020 7318 1938

Last Turnover Pre-Tax Profit Net Worth Accounts £’000 £’000 £’000 03/04/2015 £150,276 £2,203 £33,788 Switchboard: 020 7629 2030 03/04/2014 £136,607 £1,754 £31,971 SUBJECT TO CONTRACT & EXCLUSIVE OF VAT 03/04/2013 £125,787 £3,522 £30,941 www.hsmuk.com 55-269 London Road, Burgess Hill, RH15 9QU M5 A38 A660 M25 AD J9 DS RO A37 A682 J5 LEYLAN M A59 IL LEATHERHEAD M25 L A6068 R A658 J7 J6 O A CHEDDAR A650 BRADFORD D J13 A629 A22 A21 A6120 TONBRIDGE E R PARK ROAD A38 A24 V OYA M23 A L G M65 LEEDS IA EOR A273 R GE ROAD LOWER CHURCH RD J46 TO J23 A264 IC J8 V BRIDGWATER AD A361 CENT RO A39 D M1 CRAWLEY RES A C O A6036 Y R

BURNLEY A A37 J26 M62 ROAD N A646 RIA W A264 VICTO TORIA WAY O J42 J11 C I A58 A26 I C A22 A21 V I T C

YORK ROAD V HORSHAM I N C C

VI U H J C D HALIFAX A TORIA CLOSE A303

J25 A A56 A272 A23 R D O A A644 J40 L N RO E O R STATI J25 S J24 A638 D J N A A A N O V E O A272 E ALBERT DRIV D BURGESS E R M N N A358 HILL A37 A58 Y M62 U U O R L R HUDDERSFIELD R E ROCHDALE A23 BURGESS A ) U M66 Y W 6 B A303 A273 HILL A BURGESS HILL 3 N 0 Y O K 2 A24 A26 T E B C Y J2 A22 A361 ( J27 N M A A629 E H R C

R A27 A30 O A273 A J18 OLDHAM M1 D M60 WORTHING BRIGHTON A27 M5 HONITON A37 EASTBOURNE A30 A35 LYME REGIS MANCHESTER EXETER J29 Location Catchment and Demographics Accommodation Burgess Hill is an established commercial centre and popular commuter Burgess Hill is one of the fastest growing towns in West Sussex. It has a Floor/Unit Sq M GIA Sq ft GIA town located in West Sussex. The town lies approximately 10 miles north resident population of approximately 30,635 and a larger district (Mid of Brighton, 4.5 miles south of Haywards Heath and 15 miles south east of Sussex) population of 155,900 (2011 Census). Significant residential Ground Floor Trading 1,837 19,776 Horsham. Gatwick Airport lies approximately 16 miles to the north. expansion is forecast for Burgess Hill with some 6,100 homes either 1st Floor Ancillary 120 1,293 committed or targeted for construction. The town is well served by its road links being at the junction of the A2300 Trading Mezzanine* 271 2,915 and A273. These provide fast connections to the A23/M23, approximately In anticipation of this expansion, New River Retail submitted development 4.5 miles to the west of the town centre, whilst the A27 coastal route is proposals for the mixed-use regeneration of the Martlets Shopping TOTAL 2,228 23,984 approximately 8 miles to the south. Centre. The £65 million development will provide some 200,000 sq ft of Total site area is approximately 1.22 acres (0.49 hectares) with site coverage Burgess Hill benefits from excellent rail communications. It has fast accommodation to include a multiplex cinema, budget hotel, restaurants, of 37%. and frequent rail links to London taking approximately one hour via residential and retail units with some 500 car parking spaces. the Thameslink, Southern and Gatwick Express services. The town’s NB *The trading mezzanine is to be regarded as Tenant’s fit-out works and is to be disregarded at rent review or lease renewal commuters predominantly travel to larger commercial centres such as Description Crawley/Gatwick, Brighton and London. However, Burgess Hill has also The property comprises a purpose built, retail warehouse unit constructed Planning attracted a significant number of national and international companies in 1986. The unit is of steel portal frame construction (6.1m to underside of housing offices on their four business parks in and around the town. haunch), with predominantly brick/cladding elevations and a single storey The property has planning consent for the “retail sale of ‘Do It Yourself’ Major employers include Roche, The Technetix, Filofax, American Express, glazed entrance lobby area home improvement, builders merchants and garden products, and for no Honeywell, Porsche and Rockwell Collins. Local Business Parks Association other purposes within Class 1 of Town & Country Planning (Use Classes) A former Focus DIY unit, the unit was recently comprehensively Order 1972”. estimates that some 8,000 people are employed within these offices refurbished and refitted. Works included the installation of a mezzanine which have a combined annual turnover of c. £2 billion pounds. area which is fitted out as a bathroom and kitchen showroom. The unit has ground and first floor staff and administrative accommodation. Tenancy Situation Externally there is a builders’ yard and outdoor projects centre enclosure. Wickes Building Supplies Ltd will take a 15 year leaseback on the property The subject property is situated in a prominent and highly visible An extensive concrete and tarmac service area/car park provides a total of at an initial rental of £325,000 pa. The lease will be in the Vendor’s standard edge-of-town centre location, at the junction of Victoria Way and the 81 car parking spaces (1 per 296 sq ft GIA). format on FRI terms with 5 yearly, upwards only rent reviews to Market B2036 London Road. The Market Place and Martlets Shopping Centres Value and incorporating a Tenant’s Option to Break at the tenth year, are approximately half a mile to the east of the property. Halfords and Tenure Freehold subject to a two year rental penalty. Carpetright occupy units immediately opposite whilst Travis Perkins occupy a neighbouring unit. Further non-food retail accommodation in VAT EPC Burgess Hill is restricted to B&Q, Pets At Home, Screwfix and a number of The property will be elected for VAT. The property has been rated (B47). A copy of the Energy Performance ‘trade’ operations. Certificate is available upon request. 137-139 Somerford Road, Christchurch, BH23 3PY GILLINGHAM A303 ANDOVER A303 A36 ANDOVER A34 A338 A34 A338 A303 A303 A36 BURTON A36 J9 J9 SALISBURY WINCHESTER SALISBURY RD WINCHESTER S ST T R O U N DH Y N Y M3 L RIVER MUDE L M3 A ) A350 N 35 F RIVER AVON E A350 AIRM PASS (A RCH BY TCHU HIGHCLIFFE A354 J4 ILE RIS J3 A354 J4 CH (A33 M27 M27 J3 R 5) 7) H M27 M27 D A3 IGH ( CLIF SOUTHAMPTON FE RD SOUTHAMPTON Y A35 N A CHRISTCHURCH E A35 PUR D W W EW R L N ELL D A A31 C N U ROS R RINGWOOD O D R F HIGHCLIFFE S S A31 R E A337 R E R RINGWOOD H M D GOLF COURSE D SO T A337 H A350 NEW FOREST OUR RD IGH PUREWELL A350 ST Y A338 S T A A354 NEW FOREST T E S W A31 A338 TL S M D AS T U AN A341 A31 C A D ILL E N EF V N A3049 A35 A341 OR A A P D H L A35 CHRISTCHURCH IP L E A337 A3049 A D E A35 A337 NE R A338 NEW MILTON A35 U B POOLE CHRISTCHURCH A338 CHRISTCHURCH BOURNEMOUTH POOLE RIVER STOUR FOR BOURNEMOUTH MUDE D ISLE OF WIGHT

Location Description Accommodation The affluent town of Christchurch forms part of the larger The property comprises a modern purpose built, single storey Floor/Unit Sq M GIA Sq ft GIA Bournemouth/Poole conurbation. The town is approximately retail warehouse unit which opened for trade in 2015. The building 25 miles south west of Southampton and 105 miles from London, with is of modern design and specification, being of steel portal frame Ground Floor 1 , 7 4 8 18,820 Bournemouth town centre approximately 5 miles to the west. The construction, with a ground floor external entrance lobby, with a height Trading Mezzanine & Ancillary* 521 5,613 town benefits from good road communications, the A25 providing links to underside of haunch of 6.67m. External elevations and roof are of to Bournemouth and Poole whilst the A31 trunk road provides fast links profiled metal cladding whilst internally there is concrete block work TOTAL 2,270 24,433 to the M3 and M27 at Southampton. Christchurch is also well served to 2.5m. Total site area is approximately 1.23 acres (0.50 hectares) with site coverage by mainline railway services with a fast and frequent train link between The unit has ground and first floor staff and administrative office of 35%. London Waterloo, Southampton and Bournemouth. The fastest journey accommodation and a mezzanine has been installed which has been NB The property will be measured following Practical Completion of the building time to Waterloo is approximately 1 hour 50 minutes. Bournemouth fitted as bathroom and kitchen showroom. contract. *The trading mezzanines and mezzanine ancillary accommodation is International Airport is 5 miles to the north of the town centre and this to be regarded as Tenant’s fit-out works and is to be disregarded at rent review To the rear of the property is an enclosed building products and outdoor provides frequent services throughout the UK into major European cities. or lease renewal projects centre, as well as a secure service yard. The car park to the front of the unit is laid to tarmac and has a total of 58 car parking spaces (1 per EPC Situation 350 sq ft). The property occupies a prominent corner position at the junction of The property has been rated (A-20). A copy of the Energy Performance the B3059 Somerford Road and Penton High Street. Lying approximately Certificate is available upon request. 1 mile east of Christchurch town centre, Somerfield Road is arguably the Tenure preeminent out of town retail location for Christchurch. Freehold VAT The property will be elected for VAT. Occupiers in the area include Sainsburys, Lidl, McDonalds and Travis Perkins. Redevelopment of the neighbouring Meteor Retail Park is Planning nearing completion and this has been fully pre-let to TK Maxx, Aldi, The property has planning consent for the “sale of DIY, home Bathstore, Poundland, Sports Direct and Matalan. Adjoining the Wickes improvement and building materials/items all for purposes within store is a Penton Citreon car dealership. Class B8. The mezzanine floor shall only be used as a showroom for the sale of kitchens and bathrooms”. Catchment and Demographics Tenancy The 2011 Census recorded a population of 54,210 for Christchurch. This is forecast to grow by a further 16% to 62,100 by 2028. The town forms The lease will be in the Vendor’s standard format. part of the South Dorset conurbation with an urban area population Initial rental of £281,330 per annum. estimated at 400,000. Wade Street, Halifax, HX1 1SN A303 A629 A36 ANDOVER

N A660 O A59 A682 R A338 A34 T A303 H A6068 G A36 A658 A T A650 BRADFORD E J9 BURTON J13 A629 AY M K W O WINSALISBURDING Y U C R ROA ET L WINCHESTER A6120 O A D RE C D T T D R N S U R U G E T B AD R S S E E T R M65 W O LEEDS S U H P T M3 N H E A D J46 LL Y N O L L Y A350 L RIVER MUDE L J8 N A ) L R M1 A EET N 5 NE R O 3 ST F RIVER AVON E S A A6036 D A AI YPAS ( D B BURNLEY OA A354 J4 R URCH A646 J26 M62 BR J3 M TCH HIGHCLIFFE J42 A58 M27 M27 IL RIS A58 E ) CH (A33 STREET R 35 7) H KING SOUTHAMPTON D (A IGHC LIFFE HALIFAX C A35 RD J25 GIBBET STR H Y EE A A56 T A N A644 J40 CHRISTCHURCH E R PUR D W W E L L A31 W R N J24 A638 ELL D A RINGWOOD E CR R N U S OS O D R F HIGHCLIFFE D S S A337 E S R C R E T R R N O H M D GOLF COURSE

E R T R D O T A58 M62 M S S E H A350 E C H M ROCHDALE HUDDERSFIELD R HALIFAX E R OU IG REWELL T NEW FOREST U

G P E U M66 A338 ST H Y LISTER LANE R H S T A

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A31 T LE S O D I ST M N A A341 T C CA U LA E L A D J2 E IL N A35 N F V S A3049 O A A T P R H L A629 D R A337 CHRISTCHURCH IP E A35 L D E EE A A629 NE R T A338 U J18 F POOLE CHRISTCHURCH B OLDHAM M1 OU NT BOURNEMOUTH M60 AIN RIVER STOUR EFORD ST MUD RE STREET EE HORTON MANCHESTER T HALIFAX

Location Accommodation Halifax is an important industrial and commercial centre lying within (7.9%). The urban area population for Halifax was recorded at 88,134 (2011 Wickes Calderdale Metropolitan Borough Council. Bradford lies approximately Census) and was forecast to have risen to 90,210 by 2014. Floor/Unit Sq M GIA Sq ft GIA 8 miles north east of the town centre and Leeds approximately 16 miles to the east. The town is well served by road connections being Description Ground Floor Trading 3,278 35,288 approximately 5 miles north of the M62 motorway and approximately 15 The property comprises two purpose-built single retail warehouse units 1st Floor Ancillary 137 1,475 miles west of its junction with the M1. Rail communications are also good occupied by Wickes and Halfords Auto Centre. The units were redeveloped with frequent and rapid links to Manchester, Bradford and Leeds. There are in 1989 and both retail units are of steel portal frame construction with TOTAL 3,415 36,763 regular connections to London Kings Cross with the fastest journey time the external elevations clad predominantly in natural stone together of approximately 3 hours. The town serves as a commuter centre for larger with profiled metal cladding or natural slate to the roofs. Internally, both Halfords commercial centres within the conurbation but major employers include of the units have ground and first floor ancillary staff and administrative Floor/Unit Sq M GIA Sq ft GIA Lloyds Banking Group (Halifax Plc) and Rowntree Mackintosh. accommodation. Minimum eaves height for the Wickes unit is 7.53m whilst Ground Floor Trading 745 8,023 the Halfords Auto Centre has a minimum eaves height of 5.63m, both to Situation underside of haunch. Both units are lined internally with block work. 1st Floor Ancillary 159 1,716 The property occupies a large and prominent corner site at the junction Externally, the Wickes unit has a large and secure builders’ yard/outdoor TOTAL 904 9,739 of Wade Street and Winding Road. This is on the edge of the town centre projects centre, together with a separately accessed service yard. The with the Woolshops Shopping Centre (the principal retail provision for the Halfords unit is similarly serviced and the site provides a total of 170 car Total site area is approximately 3.11 acres (1.26 hectares) with site coverage town) being immediately opposite. Adjacent and to the north of the site is parking spaces of which 21 are demised to the Halfords unit. of 32%. a Sainsburys Superstore, whilst two serviced car park sites are to the south of the property. The main bus station lays to the west of the site and the Planning Tenancy main railway station approximately half a mile to the south. The Wickes property has a “broad bulky-goods” consent permitting the Wickes Building Supplies Ltd will take a 15 year leaseback on the property Additional out-of-town retail provision is nearby including facilities retail sale of goods listed within a Section 52 Agreement. A Change of Use for Currys PC World, Next, DW Sports and Matalan. There are further at an initial rental of £330,000 pa. The lease will be in the Vendor’s standard “from Trade Counter A1 to vehicle servicing/repair and MOT testing centre format on FRI terms with 5 yearly, upwards only rent reviews to Market concentrations of out of town retail on Pellon Lane where the Halifax, (B2)” was obtained on the Halfords Autocentres unit on 17th January 2014. Greenmount and Pellon Lane Retail Parks house a selection of retailers Value and incorporating a Tenant’s Option to Break at the tenth year, A further planning application has been recently submitted by Halfords to subject to a two year rental penalty. Halfords Autocentres Ltd occupies including TK Maxx, Sports Direct, Carpetright, The Range, Pets At Home expand their hours of operation. and Aldi. its unit by way of an FRI lease expiring 9th February 2024 at a current rental of £50,000 pa. The lease is subject to a Schedule of Condition prepared Tenure Freehold following completion of ‘Tenant’s Works’. The rent review on 10th February Catchment and Demographics 2019 is upwards only to open market rental value, subject to a cap of 3% pa The Metropolitan Borough of Calderdale had a population of 203,800 (2011 EPC The Wickes unit has been rated (E-112) and the Halfords Autocentres compounded ie £57,964 pa (£5.95psf). Census) which has witnessed a 9.5% increase in the number of households unit (D-88). Copies of the Energy Performance Certificates are available over the previous decade, larger than the average for and Wales upon request. VAT The property will be elected for VAT. Old Mills, Paulton, Midsomer Norton, BS39 7SW A629 A58

N D R O P A303 R J20 OAD AU L OAD T R L A36 ELLS TO PAULTON O H R H N T ANDOVER W RO T BA A660 G A IS A D R L T B HIL A59 A682 E LTO J17 A338PAU A34 A6068 AY J19 M M4 A37 NE BURTON W O WINDI U A303 LA N A658 K R NG T J18 L C ROA EE LM4 AMA36 S DO A D R C H R A650 N ST T H E R M32 U V BRADFORD U G E I D J13 A629 B AD R G O J9 R E E A350 M5 W H L S T S S H S T R A6120 P T SALISBURYT O E A4174 A D R WINCHESTER U LL A46 A E E D WA N H L O E N R TER

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R O T ) NE H T L S S N 5 A U 3 J46 D H A M3 F RIVER AVON E A BRISTOL D L S A S P A AS ( O A4 L IR BYP I J8 BR U A350 RCH R M U M1 M CH HIGHCLIFFE ILL I IST D H L R A6036 A38 STREET Y WELTON E H (A BURNLEY KING A362 L UR ) C 337 BATH O A354 B J4 R 35 ) HI A646 J26 M62 OX D (A GHC J42 BE 0 C B J3 LIF A58 GIB H A36 M27 M27 FE R A37A D Y D R ROA MEA EST N A L T ET D W CHRISTCHURCH E A39 HICK P W W E SOUTHAMPTON UR D EW R L N HALIFAX S EL A ( L D J25 A39 C N U C S WELLOW BROOK B A35 ROS R O D R A56 T A58 N HIGHCLIFFE A644 J40 O 3 D S F S R E E R T M S FARRINGDON PARK 3 R R E R

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C A T E W T L S D

HUDDERSFIELD L L A350 T ROCHDALE H S T M N A361 ’S CA U A

S NORTON L E M66 Y M NEW FOREST A D IL

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J18 T EET E CHRISTCHURCH UD D M1 R STR M

OLDHAM E HORTON B POOLE S W J22 EE HALIFAX T M60 T T BOURNEMOUTH S A367 H C R A361 U M5 H A36 MANCHESTER C A37 Location Accommodation Midsomer Norton is an attractive and historic market town Park, a serviced office operation situated to the rear of the property and which lies in the Somer Valley to the east of the , some which houses some 30 local businesses. A Tesco superstore is opposite Floor/Unit Sq M GIA Sq ft GIA 16 miles southeast of Bristol, 11 miles southwest of Bath, 10 miles the property as are a number of local ‘trade’ operators, within the Old Mill Wickes - Ground Floor 2,329 25,068 IE. Further out-of-town retail provision is limited within Midsomer Norton, northwest of and 126 miles west of London. Historically a mining CPS – Ground Floor 341 3,672 centre, the towns in the Somer Valley retain a diverse manufacturing base although Halfords occupy a unit close to the town centre, which also CPS – Mezzanine* 201 2,162 which accounts for 25% of employment. Midsomer Norton is a retail and houses stores for Sainsbury’s and a recently constructed Lidl unit. service hub for an extensive rural hinterland, as well as a commuter town Unit 3 – Ground Floor 371 3,996 for the larger commercial centres, such as Bristol and Bath. Description TOTAL 3,242 34,898

The town benefits from good road communications with the A37 The property comprises a comprehensively refurbished and remodelled retail warehouse unit. It was recently subdivided to provide a main retail Total site area is approximately 4.13 acres (1.67 hectares) with site providing direct links to Bristol and whilst the A36 serves coverage of 18%. Bath, via the A362. Junction 18 of the M4 motorway is 20 miles to the warehouse unit for Wickes and two smaller retail/trade units, one of which north and the nearest main line rail connection is at Bath Spa, which has is occupied by City Plumbing Supplies (a Travis Perkins plc subsidiary) NB *Mezzanine storage accommodation within the CPS unit is to be regarded as fast and frequent connections to London. Bristol International Airport is whilst the other is being actively marketed. The Wickes CPS unit has Tenant’s fit-out works and is to be disregarded at rent review or lease renewal one of the fastest growing regional airports in the UK and is 15 miles to been fitted out with their standard showroom and trade counter, whilst Planning the northwest. a mezzanine storage area has also been installed. Original natural stone cladding was retained but the refurbishment works included the over- Planning consent for the “Refurbishment of existing retail unit (Class A1) Catchment and Demographics cladding of the remaining elevations and roof of the property with an including demolition of existing entrance lobby; erection of new entrance Midsomer Norton has a resident population of 10,997 (2011 Census) and a insulated profiled steel panelling system. Internally, the Wickes unit has a lobby; replacement cladding; new customer entrances to south elevation; total population of c 28,000 when the villages of Paulton, Peasedown and height to underside of haunch of 4.15m. The two remaining units have a creation of storage compound and outdoor project centre enclosures; are included. The estimated catchment population is 46,000. minimum eaves height of 3.26m to the front of the units and 4m to the revised parking layout; new and replacement planting; and associated Being outside the Bath and Bristol Green Belt, the Bath & North East rear. Ground floor staff amenities, canteen and administrative offices have works.” was granted on 28th February 2015. Somerset Core Strategy (2014) is actively promoting the retail regeneration also been constructed. The store opened for trading in October 2015. of the town centre; the re-development of the former Alcan factory and Externally, the property benefits from extensive tarmac and block work Tenancy the 13.5ha Old Mills Industrial Estate (adjoining the site) to provide some surfaced car parking for a total of 166 vehicles (1 per 197 sq ft GIA). Wickes Building Supplies Ltd will take an overriding 15 year leaseback on all 900 permanent jobs, plus residential expansion with some 2470 new Covered trolley and cycle racks have been provided. Accessed separately three units at an initial aggregate rental of £357,500 pa. The lease will be in homes to be built by 2029. off the estate road are a secure outdoor project centre and delivery the Vendor’s standard format on FRI terms with 5 yearly, upwards only rent compounds for the Wickes unit, together with a gated but open concrete reviews to Market Value and incorporating a Tenant’s Option to Break at Situation service yard shared by the two other units. the tenth year, subject to a two year rental penalty. The property occupies a large site, approximately half a mile northwest of the town centre with an extensive frontage to the A362, the main Tenure Freehold EPC east-west route through the town. The property is accessed via an adopted The property has been rated as (A-16). A copy of the Energy Performance estate road which also provides access to the Somer Valley Enterprise VAT The property will be elected for VAT. Certificate is available on request. Gipping Way, Stowmarket, Suffolk IP14 1EY Gipping Way, Stowmarket, Suffolk IP14 1EY A10 A11 A303 A660 A134 A36 ANDOVER A59 A682 A629 D A6068 THETFORD A338 H R A34

A658 A58 A142 A143 RC

ELY A1066 S A14 A303 U P H

A650 N A36 C

BRADFORD A1066 R O

J13 I N A629 N R A11 E T J9 W

G D A6120 H A O M T

R R G D O A O AN O SALISBURY WINCHESTER T L R A142 A143 A1308 W N UP BURTON M65 E A10 W T LEEDS R STO IM AY M V D E A1220 J46 W O WIND I R

IN U O K G R

J8 C R ROA ET L L M3 D E O

DO A D R C ET R T A

M1 R N A14 S T H S ST U D U G E A14 A350 T R D R IL A6036 B E A O U BURNLEY E L W A140 N H S H R STOWMARKET D A646 J26 M62 P T Y N E A D G J42 LL J14 BURY ST A14 I L RIVER MUDE LY L A354 J4 A58 O A14 P A ) N NEWMARKET L P J3 N 5 EDMUNDS H 3 L R I AC M27 M27F A EET N RO A RIVER AVON E S (A NE R O STA P A14 AS ST VERN STREET TION RD G AP IR BYP CAMBRIDGE A A HALIFAX D T ION RCH D W U J25 OA GAT SOUTHAMPTONM STCH HIGHCLIFFE A56 A644 J40 R A VI IL RI B J11 A11 Y A A35 E CH (A33 J24 A638 N R 35) 7) H TREET I D (A IGHC KING S STOWMARKET PSW A31 LIFF ICH RINGWOOD E R Y D C S A58 A ET ST T N M62 GIBB REET H A337 CHRISTCHURCH E R P W W ROCHDALE HUDDERSFIELD A RIVER GIPPING UR D E L E W R N R EL A E L D M66 N U A505 L A350 CRO R T S O D R E IPSWICH F HIGHCLIFFE D S S J9 S NEW FOREST R E

RATTLESDEN RIVER R R E R A338 H C S M D GOLF COURSE

R D O T A58 N T O S J2 A12 A31 U H E R T M S E H O I E C A341 G UREWELL A629 M P R HALIFAX E R ST H T A35 Y G A14 E U A3049 S ST A R H A1220 W LISTE E T LE S D

R LAN W C A337 T

C M11 C AS T M AN O O A35 U I M C A L E J18 A10A D L M1 C BS L N EF VI N OLDHAM L ANE A338 O A A CHRISTCHURCH P R H L S D M60 POOLE I E T CHRISTCHURCH P L D E RE A BOURNEMOUTH N R L N STANSTED E U A629 E L E

AIRPORT E I E B T A120 DH H N A F A R M O L A STOWMARKET MANCHESTER U L R RIVER STOUR EFOR NT J8 A120 Y P D UD D AIN COR LCHESTER O M S R P TR TREET E E HORTON S B EE HALIFAX T T S H C R U H C Location Accommodation Stowmarket is an historic market town and established commercial centre recently constructed Navigation Approach, across the neighbouring River located 14 miles north of Ipswich; 16 miles southeast of Bury St Edmunds Gipping, provides access to outlying residential areas and satellite villages Floor/Unit Sq M GIA Sq ft GIA and 93 miles northeast of London. The town lies within Mid Suffolk via the B1115. The immediately adjoining balance of the site is being Wickes – Ground Floor 1,893 20,371 District Council and has a diverse employment base including several promoted for either further commercial or residential development. major manufacturers and distributors such as PPG Industries, Akzo Nobel, Following the closure of a recently constructed Morrisons unit Wickes – Trading Mezzanine & Ancillary* 464.5 5,000 TDG, Bosch and Muntons plc. The town benefits from excellent road (immediately opposite the site), supermarket provision is provided by a communications having immediate access on to the A14 dual carriageway town centre Asda store, a Tesco superstore and a Lidl unit, recently opened Travis Perkins – Ground Floor 954.2 10,271 which in turn leads to the A12 at Ipswich. Cambridge is some 42 miles to on Gipping Way. Retail warehouse/trade provision is currently limited to Travis Perkins – Trading Mezzanine* 356 3,832 the west which provides access to the M11 and the national motorway Jewson, Plumbase and Plumbcentre. system. The town has grown in popularity as a commuter centre for larger TOTAL 3,667 39,474 commercial centres, aided by fast and frequent rail services to London Description Liverpool St (1hr 25mins); Ipswich (12mins) and Norwich (32 mins) The development comprises a Wickes retail warehouse in their new Total site area is approximately 2.69 acres (1.09 hectares) with site trading format and a separate Tarvis Perkins builders’ merchant unit, coverage of 26%. Catchment and Demographics accessed off Iron Foundry Rd. Both buildings are of steel portal frame NB Floor areas are to be confirmed following completion of fit-out works. Stowmarket has a resident population of approximately 19,000 (2014 – construction with profiled metal cladding roofs and external elevations. *The trading mezzanines and mezzanine ancillary accommodation is to be regarded Mid Suffolk DC) which is forecast to rise to c 21,000 by 2021. The District The Wickes unit has a minimum eaves height to underside of haunch as Tenant’s fit-out works and is to be disregarded at rent review or lease renewal population was 99,600 (2015) and the resident population within a ten of 7m and 6m for the Travis Perkins unit. Each unit has its own self- mile radius, principally agricultural hinterland is estimated at 128,000. The contained, concrete surfaced, secure service yard and either an outdoor Planning town has been targeted within the Mid-Suffolk Action Area Plan for both projects centre or hire compound. Both units have mezzanine floors The Wickes unit has planning consent for “the sale of non-food retail items residential and economic growth with several major sites allocated to the installed as part of the Tenant’s fit-out works , with the Wickes mezzanine as follows: DIY - garden goods and furniture, carpets, floor coverings and north, south and east of the town centre. This expansion includes a target providing bathroom and kitchen display areas as well as ancillary staff bulky electrical goods; unless otherwise agreed in writing by the local of nearly 2000 new homes, many of which are already under construction accommodation. Externally, the Wickes unit has provision for 49 vehicles planning authority and for no other purposes within Class A1”. The Travis and which will give a further boost to the vibrancy of the town and the and Travis Perkins a total of 22 vehicles. The units have been recently Perkins unit has planning consent to be used as “a sui generis builders local economy. constructed with Practical Completion being achieved on 17th June 2016. Travis Perkins is due to commence trading on 27th July 2016 and Wickes merchants with open storage”. Situation on 10th August 2016 The property occupies a prominent and highly visible site, immediately Tenancy to the east of the town centre, on the corner of Gipping Way and Iron Tenure Freehold Wickes Building Supplies Ltd will take a 15 year leaseback on their unit at Foundry Road. The A1308 Gipping Way serves as the main north-south an initial rental of £258,000 pa and Travis Perkins Trading Company Ltd route bypassing Stowmarket town centre and providing direct access on EPC The Wickes unit has an EPC rating of A 19 and the Travis Perkins unit with take a similar lease at an initial rental of £62,000 pa. Both leases will be to the A14. Stowmarket railway station is half a mile to the north of the an EPC Rating of B 29. Copies of the certificates are available on request. in the Vendor’s standard format on FRI terms with 5 yearly, upwards only property. The main employment/industrial areas are approximately 2 rent reviews to Market Value and incorporating a Tenant’s Option to Break miles to the south of the property at the junction with the A1120 whilst the VAT The property will be elected for VAT. at the tenth year, subject to a two year rental penalty. Cockerell Road, Corby, Northamptonshire, NN17 5DU A629 A303 A58 A36 ANDOVER N O J9 R LEICESTER T A1 H AD A338 A34 G A606 RO A A303 T L BURTON A36 L E E R AY M A15 E J9 W O WINDI U K K R NG T R C C ROA EE L OCK RD DO A D R C SALISBURY O T N ST T C WINCHESTER S S R U T U G A47 E R B J9 AD R AD IN O U E E COU N H W A47 G Y S D H R ION RO H IER A Y N P T M69 A AT AM RO R L Y ELL P OA W RIVER MUDE L L U D A O C K M3 ) L 5 N A6003 OC R N 3 A6 A43 E R RIVER AVON LA M1 EET A350 A ASS (A O P NE STR CORBY A P H BY A D C D J9 IX HUR OA D N ISTC HIGHCLIFFE R OE J4 HR (A B A354 PH J3 5) C 337) M27 (A3 HIGH A427 NG STREET A1(M) M27 CLIF KI WEST GLOBE PARK FE R Y D C A605 SOUTHAMPTON N A GIBBET STREET H CHRISTCHURCH E PU W W A R D L EW R L N A35 E A R L LL D O C N U L A6116 ROS R Y O D R F HIGHCLIFFE E D S S D AD R E S A31 O R R E R S R H

M D GOLF COURSE N T S C ET RINGWOODR O R D SO T E A58 N D M6 O COTTINGHA STR D EL U H E J9 R T M R H A337 M A14 KETTERING S OAD IG W O I ELL E H GH EW E C H PUR M R HALIFAX E R S ST Y T T G ST T A E U A350 A E S W R H L S

LISTE E A14 T T M D R LAN W C NEW FOREST S N C I A T A

O A338 C U L E O I A E D L

A E I N C A43 N L CORBY A31 N F V L A14 O A A I P R R H L Z A341 D S D CHRISTCHURCH IP E A G L D E T A35 A R E N R A508 B A427A3049 D E EE D U A629 E IN A337 A45 B E T GT T H A35 ON RO N A S A338 D FO A T CHRISTCHURCH U M1 L POOLE RIVER STOUR DEFORD NT Y MU AIN R CORBYBOURNEMOUTH S R A1 D TR TREET E Y ROA E HORTON S B AKLE EE HALIFAX O TJ9 T S NORTHAMPTON H C R U H J9 C

Location Situation Accommodation The Northamptonshire Borough and town of Corby is a significant The property is situated approximately a mile north of Corby town centre manufacturing hub within the East Midlands. London lies on a prominent corner site, being the first phase of the 23 acre ‘Manton Floor/Unit Sq M GIA Sq ft GIA approximately 85 miles to the south with Leicester, Peterborough and Park’ scheme. This is a mixed-use development being promoted by Ground Floor Retail 1,880 20,233 Northampton being approximately 25 miles equidistant from Corby. Frenbury Developments for B1, B2, B8, Trade and ‘Roadside’ uses, which Trading Mezzanine & Ancillary* 465 5,000 In addition, Birmingham lies some 54 miles to the west. has a an extensive frontage to Cockerell Rd. Immediately adjacent to The town benefits from excellent road communications being at the the unit is an Asda superstore which shares road access off the A6086 TOTAL 2,344 25,233 Phoenix Parkway with the adjoining Phoenix Retail Park whose tenants junction of the A43 and A14 trunk roads. These provide direct access The site area is approximately 2.0 acres (0.81 hectares) with site coverage to the national motorway network connecting with the M1/M6 and include Next, Boots, Pets at Home, The Range, McDonalds, Sports Direct of 23%. the A1(M). The recent construction of a new mainline station has given and Halfords. Together these form the preeminent out-of-town retail destination within Corby. The greater Phoenix Parkway area also hosts Corby a fast and frequent rail service to St Pancras International, with Tenure Freehold a fastest journey time of 1 hour 10 minutes, making Corby and the numerous retail and ‘trade’ operations such as B&M, Jewson, City Electrical surrounding Northamptonshire area a viable option for commuters. Factors, Howdens and Tile Village. Car showroom occupiers include Ford, Mazda, Vauxhall Motors and Fiat dealerships Planning The property has consent for “the sale of non-food and bulky-goods Catchment and Demographics comprising; DIY goods and decorators supplies; building trade goods; Corby’s resident population has grown rapidly over the past decade and Description garden landscaping materials and for no other purpose within Class is estimated to be 66,900 (ONS: 2015). The Office for National Statistics The development will comprise a Wickes retail warehouse in their new A1 of the Use Classes Order. The sales of goods falling outside of the has identified Corby as the fastest-growing borough outside London trading format. It is currently under construction and is of of steel portal permitted range may be sold where they form a minor and ancillary part and the population is expected to have grown by circa 16.7% to 76,400 frame construction with a profiled metal cladding roof and external of the store’s operation”. by 2024. The Council is actively promoting regeneration through elevations. The unit has a minimum eaves height to underside of haunch population growth and aim to have 100,000 residents by 2030. Plans of 7m with internal block walls to a height of 3.2m. The unit will have Tenancy exist to build circa 16,800 new homes in Corby by 2021. a mezzanine floor installed as part of the Tenant’s fit-out works. It will Wickes Building Supplies Ltd will take a 15 year leaseback on the provide bathroom and kitchen display areas as well as ancillary staff property, following Practical Completion of building works at an initial Corby’s historic manufacturing bias is reflected in its socio-demographic accommodation. rental of £193,500 pa. The lease will be in the Vendor’s standard format profile with 40.6% of employees within socio group 8 to 9 (UK – 17.2%) To the rear of the unit is a concrete surfaced service yard and outdoor on FRI terms with 5 yearly, upwards only rent reviews to Market Value and 31% in socio group 1 to 3 (UK – 44%). Whilst Tata Steel’s future in projects centre, set within a secure compound and accessed off Courier and incorporating a Tenant’s Option to Break at the tenth year, subject to Corby remains in the balance, it has diversified its employment base with Rd. To the front of the unit is an extensive car-park and customer a two year rental penalty. other key employers including Avon Cosmetics, Joules, Roquette and entrance lobby, separately accessed off Courier Road. It will have parking Weetabix. The town’s strong road links have also attracted a number of spaces for 77 vehicles; will be laid to tarmac and concrete block with EPC logistics operators including Argos, Ceva and Norbert Dentressangle. covered trolley and cycle bays. Practical Completion is scheduled for An EPC will be provided following Practical Completion. The property 15th August 2016 and the store opening for 5th October 2016. has been designed to satisfy BREAM ‘Very Good’.

NB The property will be measured following Practical Completion of the building contract. VAT The property will be elected for VAT. *The trading mezzanine and ancillary accommodation is to be regarded as Tenant’s fit-out works and is to be disregarded at rent review or lease renewal Sweet Briar Park, Hellesdon Road, Norwich, NR6 5AP NORWICH A303 AIRPORT A36 RE EPHA ANDOVER A660 LEEDS A629 M A58 RO A59 A682 A1067 AD N A338 A34 O A6068 R A303 A658 T D A36 H ROYAL NORWICH R A GRANTHAM A Y A650 G L BRADFORD O GOLF CLUB Y L J13 A T S J9 A629 T W O H A52 E N AD A148 A140 R H SALISBURYY RO A BURTON A6120 Y O IG AR M WINCHESTER A M A ND W O W H U R K INDINA17G U D BO C A1R ROA ET L R O O A D RE C O A M65 LEEDS D T T A D D R N S U D R U G E T J46 B KING’S LYNN AD R NORWICH M3 S S E E A47 T W R S O J8 H U P T A350 N H E A A47 NORWICH M1 LL Y D L N O Y A1065 L L A6036 N D RIVER MUDE L A134 A ) BURNLEY L R A A EET D J4 N 5 NE R O A146 O A354 R 3 A646 J26 M62 ST A140 AY F RIVER AVON E A PETERBOROUGH A R J3 A SS ( J42 D TO YPA A58 A D N M27 M27 IR B O A11 R R RCH R A O A1024 M U I CH HIGHCLIFFE B AD I IST A1(M) THETFORD R SOUTHAMPTON L HR (A A143 B E C 3

HALIFAX TREET R 5) 37) S ON HALL T J25 KING A1066 HELLESD ROAD A35 D A3 HIG A56 E ( HCL A644 J40 E A1067 IFF C A12 D E R ET ST W J24 A638 GIBB REET H A Y D S A31 A O N A A14 RINGWOOD CHRISTCHURCH E R R PUR D W W L EW R L N A140 A337 E A E N LL D C N U A58 S O ROS R M62 O D R SD D S F HIGHCLIFFE S S C LE A350 R E HUDDERSFIELD L R E ROCHDALE N T A58 R O R

E H A134 H SLOUGHBOTTOM M D GOLF COURSE E BURY ST R

A11 T R D O T M66 M S A1024 NEW FOREST S E H E C A338 H M PARK R E A14 A1 HALIFAX EDMUNDS R A140 OU IG EWELL T A31 R G PU E U ST H

J2 LISTE E R J9 H A341 AY R LAN W C S T

C IPSWICH T E S W O A35 I TL S D A A3049 S M N A629 C CA T U LA L A337HEIG A D IL E A131 H E N S A N F V RIVER WENSUM A35 M O A A T R M1 M40 P D H L RE S I E A338 T CHRISTCHURCH P L J18 CHRISTCHURCH T A D E M11 E

OLDHAM M1 A629 E POOLE R N R E E T D E E A12 COLCHESTER ROA E U N BOURNEMOUTHS T M60 A1(M) K B OR TR F A130 A A1074 RW O TE S U L DE A REH W N N Y AM RO T A O AI R D RIVER STOUR EFORD S D N R U S L M T ET E R TRE E MANCHESTER E J21 RTON S B J23 HO N EE M25 J27 HALIFAX A1024 T T S A1074 H J28 C R U H C

Location Accommodation The historic city of Norwich is the principal commercial and junction of Hellesdon Hall Road and Sweet Briar Road, the property administrative centre for Norfolk and East Anglia. It lies 118 miles is within one of Norwich’s key out-of-town retail and trade clusters. Floor/Unit Sq M GIA Sq ft GIA northeast of London, 64 miles east of Cambridge and 45 miles north Immediately to the north is the Sweet Briar Retail Park whose tenants Ground Floor Trading 2,323 25,000 include M&S, Costa, PC World, Jolleys and Carpetright. In addition, of Ipswich. In addition to being a retail and services hub for a large TOTAL 2,323 25,000 catchment area, Norwich is a key university city with some 30,000 IKEA recently opened a 20,000 sqft unit as their first ‘Order & Collection Point’ in the UK. Other occupiers within a two mile radius include Asda, students. It has also grown into a centre of excellence for research and Total site area is approximately 2.53 acres (1.02 hectares) with site advanced engineering, as well as having a diverse manufacturing base. B&Q, McDonalds, Howdens and Virgin Active, as well as a large number coverage of 23%. The city benefits from excellent road and rail communications. The of trade and car showroom operators. A11 provides dual carriageway links to the M11 and national motorway The site comprises the initial phase of Sweet Briar Park, a multi-use NB The property will be measured following Practical Completion of the network at Cambridge, whilst the A140 eventually links to the A12 trunk development of 22 acres being promoted by Dencora Developments. building contract. road to London at Ipswich. Frequent rail services to London Liverpool To the east is the extensive Sweet Briar Road Industrial Estate and to Freehold St have a fastest journey time of 1 hour 40 minutes. In addition, the south the 114 acres Briar Chemicals plant. Tenure Norwich International Airport is c. 2miles to the north of the property. Description Planning Catchment and Demographics The development will comprise a Wickes retail warehouse in their new The property has consent for “the sale of DIY, home improvement and As the dominant commercial centre within Norfolk and East Anglia, trading format and will be accessed via an estate road to be constructed building materials/items and as a showroom for the sale of kitchens Norwich has an estimated resident population of 135,000 (2015) with by Dencora. The unit is being built and will be of steel portal frame and bathrooms”. c. 382,000 in the ‘Greater Norwich’ area (2011 – census). The catchment construction with a profiled metal cladding roof and external elevations. area population is relatively affluent (56% - ABC1’s) and young, with an The unit will have a minimum eaves height to underside of haunch of Tenancy average age of 37. 7m with external brickwork to 2.55m and internal block walls to a height Wickes Building Supplies Ltd will take a 15 year leaseback on the The total catchment population is estimated at 1.1million and the of 3.2m. In addition to general trading, the accommodation will provide property, following Practical Completion of building works at an initial city was ranked 10th in the UK’s retail centres. It is a popular tourist ‘Click & Collect’, bathroom and kitchen display areas, as well as ancillary rental of £357,750 pa. The lease will be in the Vendor’s standard format staff facilities. destination with visitor numbers estimated at 5 million pa and total on FRI terms with 5 yearly, upwards only rent reviews to Market Value annual retail spend of c. £2.2bn (CACI 2011). The ‘City Deal’ for A concrete surfaced service yard and outdoor projects centre will and incorporating a Tenant’s Option to Break at the tenth year, subject Greater Norwich is targeting significant investment in infrastructure, be constructed to the side and rear of the unit, set within a secure to a two year rental penalty. including highways and promoting the construction of 37,000 new compound and accessed off the service road being constructed by homes by 2026. Dencora. To the front of the unit will be a separately accessed extensive car-park leading to the customer entrance lobby. The car-park will have EPC Situation parking spaces for 82 vehicles, which will be laid to tarmac and block An EPC will be provided following Practical Completion. The property is situated approximately 2 miles to the north west of paving with covered trolley and cycle bays. The property has been designed to satisfy BREAM ‘Very Good’. the city centre and has a prominent frontage to the A140, which serves Practical Completion is scheduled for 26th September 2016 and the store as the Outer Ring Road for Norwich. Occupying a corner site at the opening for 12th October 2016. VAT The property will be elected for VAT. Unit 25 Castlefields Industrial Estate, Wylds Road, Bridgwater, TA6 4DH M5 A303 A38 A36 ANDOVER A660 A629 A37 A59 A682 A58 A338 A34 N A303 A6068 O A36 A658 R CHEDDAR T A650 H J9 BRADFORD G J13 A629 A T BURTON E SALISBURY WINCHESTER A6120 A38 AY M W O WINDI U K R NG T M65 C ROA EE L RD LEEDS DO A D R C WESTERN WAY T N ST T D M3 S S R U T G E J23 A R J46 U D R O O U B E A W E C A350 R N H BRIDGWATER A361 J8 S D H A39 H S Y N P T M1 E A Y I D A38 L RIVER MUDE LY LL L L A O L A T Y ) L 5 A6036 N W O J4 N 3 BURNLEY N W T A354 F E L T R A37 G H RIVER AVON A A EE A39 J3 A ASS ( A646 J26 M62 NE TR O R S E IR BYP S E T D M27 M27 H A58 J42 A R RC D B R S OV M HU D Y E C HIGHCLIFFE A M D T O M E O I IS E L R R O N A E H (A B T SOUTHAMPTON C 3 S O 3 H W R 5) 7) H R 3 HALIFAX A303 AY A35 D (A IGHC J25 G STREET L LIF A56 A644 J40 KIN E D FE R A TO D J25 A Y S O C S A31 A J24 I R N A638 ET ST Y CHRISTCHURCH GIBB REE H C E T T RINGWOOD R H PU W W O A R D T A E L Q W N B R A E A R B L A337 LL D N U U W C L L ROS R O D R A37 K A358 A E F HIGHCLIFFE E D S S A58 R E M62 Y R S A350 G R R E R YEOVIL H A M GOLF COURSE E D

HUDDERSFIELD C S T ROCHDALE R D O P S NEW FOREST A58 N T O M66 A338 W U H

E A303 R T M S THE C O IG ELL E LIN H K A EW E C A31 PUR M H R HALIFAX E R A341 Y ST Y T G S T A E U A361 T E S W J2 R

LISTE E H A35 TL S M D R LAN W J27 S N C C A3049 T W CA U LA E

A629 O I A D L A A337 E I N C E N F V L A35 O A A L P R H L Y L D S A30 ET CHRISTCHURCH I E A A338 IN P L E T E D R G CHRISTCHURCH A J18 R ST POOLE W NE R OLDHAM M1 A629 EE T D S TO U N B HONITON E A T BOURNEMOUTHN T U M60 O O JOH M5 N R M R N D F A A37 B ST O L R BRIDGWATER U BRIDGWATER EE RIVER STOUR DEFORD NT Y NO T MU AIN R R S A30 A35 LYME REGIS R TH EXETERTR TREET E S MANCHESTER E HORTON S B T EASTOVER EE HALIFAX R T T E A38 J29 S ET PARK H C R U H C

Location Accommodation Bridgwater is an historic and established commercial centre located Should this project proceed then it will be the largest construction project Floor/Unit Sq M GIA Sq ft GIA approximately 38 miles southwest of Bristol and 44 miles north of Exeter. in Europe. It will bring significant and long lasting economic benefits to lies some 12 miles to the south and Weston-Super-Mare, 22 miles Bridgwater and the surrounding area. Further benefits will be derived from Ground Floor Trading 2,376 25,574 to the north. London is approximately 154 miles to the east. the construction of the infrastructure and support services associated with 1st Floor Ancillary 78 838 the project. Construction of the power station is expected to take 10 years The town benefits from excellent transport connections throughout TOTAL 2,454 26,412 the region, being immediately served by junctions 23 and 24 of the M5 at a cost of £18 billion creating some 25,000 Motorway. The A39 and A361 trunk roads provide immediate access to an Total site area is approximately 2.07 acres (0.84 hectares) with site extensive hinterland of north Devon and Somerset. Bridgwater has good Situation coverage of 28%. rail connections via frequent services to Taunton or Bristol Temple Meads, The property occupies a prominent site at the junction of Wylds Road and providing access to the National Railway Network. The fastest journey time The Drove, approximately 1 mile north of Bridgwater town centre. The site Tenure Freehold to London is approximately 2 hours 35 minutes. The town also retains an is an established out of town retail and trade location laying approximately operational port facility. 0.25 miles north of the Bridgwater and Clink Retail Parks. The tenants there Planning include Lidl, Next, Argos, Halfords and Pets At Home. Sainsburys and Asda Catchment and Demographics are both within half a mile of the property. Trade occupiers within the The property shall be used “for the sale of DIY products and garden Bridgwater lies at the heart of District Council which has a immediate area include City Electrical Factors, Jewson and Screwfix. products and for no other retail purposes (including any other purposes in resident population of approximately 119,000. This is boosted by some Class A1)”. 620,000 staying visitors during the holiday season (2015–Sedgemoor Description Tenancy DC). Sedgemoor’s resident population is projected to increase by 22% The property comprises a comprehensively refurbished and remodelled Wickes Building Supplies Ltd will take a 15 year leaseback on the to 144,700 by 2039. Bridgwater’s resident population is estimated at retail warehouse unit. Works included the recladding of the principal property at an initial rental of £281,250 pa. The lease will be in the Vendor’s 44,000 (2016–Sedgemoor DC estimate) and has an immediate catchment elevations and reroofing of the property with an insulated profiled steel standard format on FRI terms with 5 yearly, upwards only rent reviews to population of approximately 76,600 (2016 projection – Experian). panelling system. Internally, the unit has a height to underside of haunch Market Value.and incorporating a Tenant’s Option to Break at the tenth Whilst the resident population for Bridgwater and the immediate area is of 4.6m with internal block work to a height of 2.27m. Ground and first year, subject to a two year rental penalty. more mature than the national average, the town has a broad economic floor staff amenities, canteen and administrative offices have also been employment base. The town has an established logistics presence with constructed. Practical Completion was achieved in February 2016 with the occupiers such as Morrisons, Asda and the NHS all being attracted by store opening for trade in April. It now constitutes the only operational EPC the proximity of the M5 Motorway. There is a broad manufacturing dedicated DIY retail warehouse within the town. The property has been rated (B-31). A copy of the Energy Performance base with occupiers including Refresco Gerber UK Ltd and Elecsis Externally, the property benefits from extensive asphalt and concrete car Certificate is available upon request. Swichgear Ltd. jobs during that period. parking for a total of 95 vehicles (1 per 278 sq ft GIA). In addition, there EDF are expected to make a final decision on the proposed construction are a secure outdoor project centre and a delivery compound which are VAT of the Hinkley Point Nuclear Reactor in September 2016. accessed separately. Both are gated and have 4m high security fences. The property will be elected for VAT. Unit 1 Railside Retail Park Shripney Road, Bognor Regis, PO22 9FL GUILDFORD A303 SHRIPNEY A36 ANDOVER A287 A338 A34 A303 A36 A283 WAY ROWAN J9 BURTON A3 A286 BOGNORSALISBUR REGISY WINCHESTER GOLF COURSE RD S ST A272 T R M3 O U ALDINGBOURNE N DH A272 Y N RIFE A350 L RIVER MUDE LY A A ) S 5 C H N 3 OR F RIVER AVON E BIS A SS (A HL G IR YPA EY R A354 J4 RCH B RO O D J3 M CHU HIGHCLIFFE A V A M27 I M27 IST D E O L R R E CH (A33 Y R 35) 7) H A29 E SOUTHAMPTD ON (A IGHC PN LIFF A285 RI A35 E RD RD H Y RCHA WA S N A O Y ) CHRISTCHURCH E 29 PUR D W W A31 EW R L N (A RINGWOOD ELL D A C N U ROS R O D R D F HIGHCLIFFE A337 S S R E R R E R

H M D GOLF COURSE R D SO T A3(M) CH A350 H IC OU IG HE NEW FOREST PUREWELL A286 A24 S A338 ST H Y TE S T A R A31 T E S W R TL S M D O A341 AS T U AN AD C A D ILL E A3049 A35 N EF V N OR A A PORTSMOUTH A27 CHICHESTER P D H L A337 CHRISTCHURCH IP L E A27 A35 A D E BOGNOR REGIS Y NE R M27 A A338 CHRISTCHURCH U A29 BOGNOR A27 W POOLE B D M BOURNEMOUTH REGIS A A A259 O H RIVER STOUR DEFORD R P MU D L A259 WORTHING E R HO F O TH F AM G W N AY O L BOGNOR REGIS

Location Accommodation Bognor Regis is an established commercial centre and seaside tourist visits, injecting c £179m into the West Sussex seaside economy. resort located on the south coast, in West Sussex. The town lies Butlins Resort Bognor Regis is approximately 2.5 miles south of the Floor/Unit Sq M GIA Sq ft GIA property and attracts 385,000 visitors each year. Approximately 800 new approximately 55 miles southwest of London, 24 miles west of Brighton Ground Floor 1,858 20,000 and 6 miles southeast of Chichester. The town has good transport houses have either been built or are due for construction on the outskirts links with the A27 providing rapid access to Portsmouth, Worthing and of Bognor, in North Bersted and Felpham. Trading Mezzanine & Ancillary* 465 5,000 Brighton, as well as links to the A3 and M27 to the west or eastwards TOTAL 2,323 25,000 to the M23. Bognor also benefits from various rail connections with Description frequent services (via Chichester) to London Victoria and Waterloo The property will comprise a single retail warehouse with car parking for Total site area is approximately 1.61 acres (0.65 hectares) with site taking approximately 90 minutes or 60 minutes to Gatwick Airport. approximately 50 vehicles. To the rear will be an external Outdoor Project coverage of 29%. Centre and separate service yard, both secured by 4m fencing. The NB The property will be measured following Practical Completion of the building Situation unit is currently under construction. Practical Completion is scheduled contract. *The trading mezzanine and ancillary accommodation is to be regarded The property is situated approximately 1 mile to the northeast of Bognor for 5th September 2016 and the store opening for 9th November as Tenant’s fit-out works and is to be disregarded at rent review or lease renewal Regis town centre in the heart of the dominant out of town retail trading 2016, following the occupier’s fit-out. Marbank Construction Ltd is the pitch for the town. The unit will have immediate access on to the A29 principal contractor and the specification includes the following: Planning – Shripney Road, shared with an adjacent Sainsbury’s Supermarket. • Steel portal frame – 7m to underside of haunch. The property has a ‘Broad Bulky-goods’ consent for the “sale of non- Immediately opposite is the Open A1 Arun Retail Park whose tenants • Insulated profiled steel cladding to external elevations and roof include Next, M & S Foodhall, Pets at Home and B & Q. (15% roof lights). food bulky-goods comprising furniture and floor coverings; domestic In addition, the Peel Retail Park is approximately half a mile to the north • First floor staff accommodation to include canteen, W.C’s and electrical and gas appliances; cycles and cycle parts and accessories; of the property whose tenants include Halfords, Home Bargains, Lidl and administrative offices. stationery and office supplies and equipment; hardware; DIY goods and Matalan. Other retail and trade operators within a one mile radius of the • Electrically operated roller shutter; sliding and security shutter doors decorators supplies building trade goods, garden products, goods and site include a Tesco Superstore, B & M, Travis Perkins plc and McDonalds. to service bays and entrance lobbies. services and for no other purposes within Class A1”. Goods falling outside Vehicular access to the area has been enhanced by completion of the • Occupier led fit-out to include mezzanine bathroom and kitchen the permitted range may be sold where they form a minor and ancillary North Bersted bypass and the Felpham Relief Road, connecting the A29 showroom area. part of the store’s operation. to the A259 Chichester to Littlehampton coast road. Tenure Freehold Tenancy Catchment and Demographics Wickes Building Supplies Ltd will take a 15 year leaseback on the In 2015 Arun District Council had an estimated population of 154,414, EPC property, following Practical Completion of building works at an initial which is predicted to increase by 21.75% by 2035. The resident urban An EPC will be provided following Practical Completion, the design rental of £290,250 pa. The lease will be in the Vendor’s standard format population of Bognor Regis (including neighbouring Felpham and target being an ‘A’ rating. on FRI terms with 5 yearly, upwards only rent reviews to Market Value Aldwick) is estimated at 65,000. Arun District Council estimates that the and incorporating a Tenant’s Option to Break at the tenth year, subject to district catchment population is substantially boosted by 3.7m annual VAT The property will be elected for VAT. a two year rental penalty. dakota portfolio

Further Information For further information or to arrange an inspection please contact:-

Brook Stotesbury Paul Yeadon [email protected] [email protected] DDI: 020 7318 1938 DDI: 020 7318 1931

Switchboard: 020 7629 2030 SUBJECT TO CONTRACT & EXCLUSIVE OF VAT www.hsmuk.com

DISCLAIMER Messrs Hoddell Stotesbury Morgan Ltd for themselves and for the vendors 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 intending purchasers and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser should not rely upon them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Hoddell Stotesbury Morgan Ltd has any authority to make or give any representation or warranty whatever in relation to this property. (iv) unless otherwise stated all rents or prices quoted are exclusive of VAT which may be payable in addition. (v) Messrs Hoddell Stotesbury Morgan Ltd has not made any investigations or otherwise of any issues concerning pollution and potential land, building, air or water contamination. Prospective purchasers must undertake their own enquiries and satisfy themselves in this regard. Date: July 2016