Modern Retail Warehouse Investment

MODERN RETAIL WAREHOUSE INVESTMENT - B&M AND PETS AT HOME B&M & PETS AT HOME, DROITWICH SPA RETAIL PARK, DROITWICH, WORCESTERSHIRE WR9 9AY INVESTMENT SUMMARY PROPOSAL LOCATION ACCOMMODATION • Droitwich Spa is a town situated in Worcestershire. Offers are invited in excess of £4,950,000 (Four Million, Droitwich Spa is located approximately 22 miles south of Unit Use Sq ft Sq m Birmingham and 12 miles west of Redditch. Nine Hundred and Fifty Thousand Pounds), subject to Unit 1-2 B&M Bargains Retail/Ancillary 19,744 1,834.28 • The town is located approximately 22 miles south of contract. The town is located 1 mile south west of J5 of the M5 motorway Birmingham and 12 miles west of Redditch. which provides connections to Exeter to the south and Unit 3 Pets at Home Retail/Ancillary 7,410 688.41 This would reflect a net initial yield of 7.00%, assuming Birmingham to the north. Total 27,154 2,522.69 • Prominent modern purpose-built retail warehouse purchaser’s costs of 6.60%. Birmingham International Airport is located 29 miles to the units fronting Kidderminster Road comprising north east of the property. approximately 27,154 sq ft across three units. National and regional train services are available from TENURE Droitwich Spa Train Station. Birmingham New Street can be • Let to B&M Retail Limited (Units 1 & 2) and Pets at accessed by train in just over half an hour. Freehold. Home Limited (Unit 3). CONTACT • Combined passing rent of £371,250 per annum, For further information or to arrange an inspection, please DESCRIPTION reflecting a low rent of £13.67 per sq ft contact CBRE: TENANCY Droitwich Spa Retail Park was constructed in 2007 and • AWULT of 7.90 years to expiry. Unit 1-2 - Let to B&M Retail Limited until 31 August 2029 at rent Oliver Forster Will Sherlock consists of approximately 27,000 sq ft of retail warehouse of £240,000 per annum. The rent reviews are to Open Market Direct Dial: 0121 616 5559 Direct Dial: 0121 616 5563 accommodation comprising three units one of which has a • Freehold. Value, the next rent review being 1 September 2019. [email protected] [email protected] trading mezzanine. The park benefits from approximately 100 • Nearby occupiers include Aldi, Homebase, DFS and car parking spaces and has direct access from Roman Way Unit 3 - Let to Pets at Home until 13 January 2023 at rent of Land Rover. Robert Woods Daniel Mattey and is located opposite the Roman Way Retail Park where £131,250 per annum. The rent reviews are to Open Market Direct Dial: 0161 233 5668 Direct Dial: 020 3214 1887 DFS, Homebase and Aldi are occupiers. The unit comprises Value. [email protected] [email protected] a modern purpose built steel frame retail warehouse development. There is customer parking to the front of the unit with a PLANNING concrete service yard to the rear. Pets at Home have installed a large mezzanine floor area which Non-food bulky goods consent. is occupied by their concessions, a Vets Practice. Listers Landrover Homebase Aldi DFS SUBJECT PROPERTY A38 Roman Way Droitwich Spa Station DISCLAIMER: CBRE Limited on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Whilst CBRE Limited uses reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. CBRE Limited as such cannot be held responsible for any loss or damage without limitation, indirect or consequential loss or damage, or any loss of profits resulting from direct or indirect actions based upon the content of these particulars. 3. No person in the employment of CBRE Limited has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication and, unless otherwise stated, are quoted exclusive of VAT. Lease details and service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. Designed and produced by Creativeworld. T: 01282 858200.

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