Industrial Investment

TALKE RETAIL PARK

NATIONAL VETERINARY SERVICES LIMITED JAMAGE INDUSTRIAL ESTATE PITS, STOKE-ON-TRENT INDUSTRIAL INVESTMENT OPPORTUNITY

Outline for indicative purposes only. INVESTMENT CONSIDERATIONS ■■ distribution investment opportunity ■■ 52,211 sq ft warehouse on a site of 2.36 acres ■■ Let to National Veterinary Services Ltd until December 2017 ■■ Passing rent of £195,000 per annum (£3.74psf) ■■ Potential development opportunities subject to the necessary consents ■■ Low capital value of £31.65 psf ■■ We are instructed to seek offers in excess of £1,650,000 (One million six hundred and fifty thousand pounds) subject to contract and exclusive of VAT reflecting anet initial yield of 11.1%

Preston M621 Blackburn M606 Blackpool M65 A56 HALIFAX A50

Wakefield M62 Alsager LOCATION Southport Huddersfield A A666 M66 M62 5 M6 Rochdale A1 0 M1 1 M61 Bury 1 Bolton Stoke - on - Trent is a city in the county of , located at

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M60 DONCASTER y 53 A5 R 4 0 the heart of the Potteries region. The town is approximately 45 miles o 71

A1(M) a A628 A616 d MANCHESTER C M57 o south-west of Sheffield, 45 miles south of Manchester and 45 miles St.Helens M67 M18 Robin Hood n

g k A638 Coalpit Hill M60 ROTHERHAM le LIVERPOOL r M62 Stockport A631 to a n north of Birmingham. p R SHEFFIELD

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A R d A6102 50 ley o Runcorn 0 d w n A57 A1 u Manchester A523 n M A Liverpool o B Stoke is primarily a distribution and service industries centre formerly i Worksop a M53 t n M56 A6 A623 6 k Northwich a N A41 Macclesfield Buxton Retford M6 t being a hub for mining and manufacturing. Stoke is located adjacent A619 Chesterfield A500 A54 c A54 i A55 r Middlewich t M1

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to junctions 15 and 16 of the M6 Motorway providing strong transport i Bignall End Road a l

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k R 2 links north to Manchester and south to Birmingham. Stoke-on-Trent A51 a o 5 Leek a e A A Crewe d P 0 3 A534 Kidsgrove B550 A Nantwich 4 5 railway station provides excellent links to London with an average A500 A520 0 Wrexham C 0 ra c Newcastle-under-Lyme A38 A610 k A523 le y

journey time to London Euston being 1 hr 33 minutes.

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STOKE-ON-TRENT A52 n NOTTINGHAM k A51 A520 A50 A52 DERBY A495 A53 M6 Uttoxeter A606 Longport A453 A34 A38 M1 A51 A46 Stafford B5369 Warehouse

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0m 25m 50m 75m © Crown Copyright, ES 100004106. For identification purposes only.

SITUATION DESCRIPTION Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1653 The Jamage Road Industrial Estate is situated to the north of The property comprises a two bay steel portal frame warehouse Stoke in the area approximately 5 miles north-west of constructed in the 1970s. The property extends to 52,211 sq ft Stoke-on-Trent and 10 miles east of Crewe. (4,850.5 sq m) with an eaves height of 8.59 metres. The property is accessed off Oak Tree Lane, providing access The property is accessed via automatic entrance barriers onto a to the A34 and the wider area. It is circa 2 miles north of the shared tarmacadam yard with car parking provided to the north of A500 linking to the East Midlands and the M1 Motorway and the building. The site is roughly rectangular in shape and extends also provides access to the M6 motorway in 7 minutes by car. 0.96 hectares (2.36 acres) providing a site coverage of 48%. It is Surrounding occupiers include B&Q and Jewsons. The property worth noting that the tenant also occupies the adjacent building is also located next to Freeport Talke Retail Park with thought this is not included in the sale. occupiers including Gap, Nike, Sports Direct, Costa Coffee and Marks & Spencer.

TENANCY COVENANT INFORMATION EPC The property is let on a reversionary lease to National NVS is the largest veterinary wholesaler in the An EPC is available upon request. Veterinary Services Ltd with a guarantee from Patterson UK. In 2013 they were acquired by Patterson Companies Inc for a term of 2.5 years expiring in December Companies Inc. 2014 accounts for NVS VAT 2017 on a full repairing and insuring basis. The current rent Ltd report a turnover of £306,702,000, an is £195,000 per annum which reflects £3.74psf. The tenant operating profit of £7,857,000 and a net worth VAT will be applicable on the sale has been in occupation for 13 years. of £44,659,000. of the property. PROPOSAL We are instructed to seek offers in excess of £1,650,000 (One Million Six Hundred And Fifty Thousand Pounds) for the freehold interest subject to contract and exclusive of VAT. A purchase at this level would reflect anet initial yield of 11.1% after purchase costs of 5.8%. This represents a low capital value of £31.65psf.

For further information please contact:

Alex Butler James Salmon Will Garrod 020 7543 6722 020 7543 6880 020 7079 2058 [email protected] [email protected] www.allsop.co.uk [email protected]

Misrepresentation Act: 1. Allsop LLP and Phillips Roth on its own behalf and on behalf of the instructing party of this portfolio whose agent Allsop and Phillips Roth 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 instructing party does not make or give, and neither Allsop or Phillips Roth nor any of their 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 instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party 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 06.15