Prime Industrial Investment Opportunity

Kirk Sandall Industrial Estate, , , DN3 1TR Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1TR

Investment Summary

• The estate is located in Kirk Sandall, an established industrial location, 3.0 miles north east of Doncaster town centre.

• Excellent access to the motorway infrastructure network with Junction 4 of the M18 being located 3.5 miles to the south east, and Junction 35 of the M62 located 10.2 miles to the north. Junction 37 of the A1 (M) is located 6.5 miles to the south east of the estate.

• Fully let industrial investment, with tenants including Howden Joinery Properties Limited, Abel & Cole Limited and Direct Trade (Yorkshire) Limited.

• A terrace of seven industrial units extending to a combined gross internal area of 4,890.36 sq m (53,075 sq ft).

• Long leasehold by way of a 125 year lease (less three days) from 4 August 1980 at a peppercorn.

• Kirk Sandall Industrial Estate extends to a total of 1.381 hectares (3.413 acres), providing a site coverage of circa 36%.

• Passing rent of £218,608 per annum exclusive.

• A weighted average unexpired lease term of 6.48 years to expiry (4.94 years to break options).

• Offers in excess of £2,600,000 (Two Million, Six Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7.95%, assuming usual purchaser’s costs of 5.80%. Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1TR STAINFORTH A19 5 A638 A1(M)

38 Kirk Sandall M18 Location Industrial Estate Doncaster is located in South Yorkshire, approximately 27 miles north east of , 17 miles KIRK SANDALL A18 A638 A19 east of Barnsley and 32 miles south east of .

EDENTHORPE Doncaster had a population of 302,402 people according to the 2011 UK census. A630 37 The town has excellent transport links being close to the M18 and A1(M), providing ease of A635 A635 A630 4 ARMTHORPE access to the wider motorway network.

M18 A18 Rail services to London Kings Cross are available on the East Coast Mainline in a journey time A1(M) DONCASTER of approximately 1 hour 45 minutes.

A630 A638 Situation 36 A6182

The estate is located in a well established industrial area approximately 3.0 miles north east of 3 A630 Doncaster town centre. The A630 provides direct access to Junction 4 of the M18, approximately 3.5 miles to the south east, with Junction 37 of the A1 (M) located 6.5 miles to the west.

In the surrounding area there are a mix of industrial and trade estates including Guildhall ARMTHORPE LANE Industrial Estate and Lake Enterprise Park as well as individual industrial units. Surrounding

D occupiers include Plumb Center, Staples, Tile Depot, Marcrist, Wheatley Pallet Service and

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A630 A630

A630 The property has not been measured and all areas have been provided by St. Modwen. Accommodation circa 36%. The site extends to approximately 1.381 hectares (3.413 acres), providing a site coverage of accommodation. and have groundelevation. The units are floor ancillary office all of a similar size internally metal cladding above. The warehouses each benefit from a roller shutter door to the front height of c. 5.5 m, are of steel portal frame construction with cavity brick walls, and profiled early 1980s, totalling 4,809.36 sq m (53,075 ft) as a single terrace. The units have an eaves The property comprises an industrial estate of seven single storey units constructed in the Description 9.17,523 53,075 7,654 30,794 Ft Sq 4,809.36 698.91 711.08 2,680.86 Sq M 7,734 Total Hoarding 7 3, 4, 5 & 6 2 1 718.51 Unit Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1TR

£0.21 per sq ft. Full service charge information is available on request. We understand that the current service charge is running at £11,146 per annum, reflecting Service Charge Services Limited. and Ashtenne Industrial Fund Nominee No. 2 Limited, with the freeholder being PAS Property We understand that the head lease holder is Ashtenne Industrial Fund Nominee No. 1 Limited from 4 August 1980 at a peppercorn rent. The property is held on a long leasehold basis by way of 125 year lease (less three days) Tenure

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CR 8.2m Post For illustrative purposes only.

D O N C A S TE R R O A D El Sub Sta Pumping Station

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N E Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1TR

Tenancy Schedule

The property is fully let to five tenants at a combined passing rent of £218,608 per annum exclusive. The property has a weighted average unexpired lease term of 6.48 years to expiry and 4.94 years to the breaks. Each lease has been made on effective FRI terms. The full tenancy details are summarised below.

The property has not been measured in accordance with the RICS code of measuring practice 6th edition and the areas have been provided by the Client.

Unit Tenant GIA Passing Lease Lease Rent Break Remaining Comments Sq Ft Rent Start Expiry Review Clause Term To Expiry

1 Direct Trade (Yorkshire) Limited 7,734 £31,000 25/02/16 24/02/22 24/02/19 24/02/19 6.15 Outside of the LTA 1954. Mutual landlord and tenant break clause.

2 Abel & Cole Limited 7,654 £30,616 21/07/15 20/07/21 21/07/18 21/07/18 5.55

3, 4, 5 & 6 MAK Distribution Limited 30,794 £123,000 08/01/16 07/01/21 5.01 Four months rent free which the vendor will top up.

7 Howden Joinery Properties Limited 7,523 £30,092 27/04/15 26/04/30 27/04/20 27/04/25 14.32 Half rent (£15,046) until 27/04/2017 which the vendor will top up.

Hoarding Clear Channel UK Limited £3,900 16/01/13 15/01/18 2.03 Outside of the LTA 1954.

Total £218,608 Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1TR

Covenant Information

The property is fully let to Howden Joinery Properties Limited, Direct Trade (Yorkshire) Limited, Abel & Cole Limited, MAK Distribution Limited and Clear Channel UK Limited and we detail the accounts below:

Tenant Year Ending Turnover Pre-tax profit Total Assets Shareholders £ £ £ funds £

Direct Trade (Yorkshire) Limited 31/03/14 15,801,377 1,760,062 5,981,795 2,688,963 31/03/13 13,142,479 1,069,116 4,778,767 1,898,825 31/03/12 11,073,776 573,325 2,943,607 1,131,743

Abel & Cole Limited 26/04/14 65,024,000 3,743,000 16,227,000 6,735,000 27/04/13 38,081,000 -208,,000 12,874,000 3,996,000 31/08/12 46,510,725 3,094,584 10,839,337 4,354,179

MAK Distribution Limited 30/04/14 n/a n/a 2,052,443 413,961 30/04/13 n/a n/a 1,420,177 516,642 30/04/12 n/a n/a 1,471,819 506,837

Howden Joinery Properties Limited 27/12/14 40,790,000 686,000 66,817,000 334 ,600 28/12/13 36,248,000 721,000 53,566,000 1,355,000 29/12/12 35,728,000 858,000 47,740,000 2,917,000

Clear Channel UK Limited 31/12/13 136,614,000 8,189,000 256,929,000 187,114,000 31/12/12 134,336,000 5,800,000 147,966,000 82,650,000 31/12/11 126,113,000 2,256,000 143,792,000 76,657,000 Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1TR

EPC Further Information

EPCs are available on request. For further information and in order to arrange an inspection, please contact;

VAT David Watson 0113 234 1444 The property is VAT elected. [email protected]

Proposal Chris Watt 0113 234 1444 We are instructed by our client St. Modwen, the UK’s leading regeneration specialist, who [email protected] currently own and manage the site to seek offers in excess of £2,600,000 (Two Million, Six Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7.95%, assuming usual purchaser’s costs of 5.80%.

Misrepresentation Act 1967: WSB Property Consultants LLP for itself and for the vendor(s) or lessor(s) of this property whose agent it is give notice that 1. These particulars do not constitute any part of an offer or contract. 2. None of the statements contained in these particulars as to the property(s) are to be relied on as statements or representations of fact. 3. Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither WSB Property Consultants LLP nor any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to the property. 5. None of the buildings services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in safe and working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008: Every reasonable effort has been made by WSB Property Consultants LLP to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. Designed and produced by www.thedesignexchange.co.uk Tel: 01943 604500. January 2016