SECURE SINGLE-LET OFFICE INVESTMENT OPPORTUNITY

Sungard Availability Services // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG Secure Single-let Office Investment Opportunity [02] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

Investment Summary

An opportunity to acquire a highly prominent office building let to a long-standing high quality tenant.

// A single let office building situated in a highly prominent position, off Junction 1 of the M60 orbital motorway

// A self-contained two storey office building, totalling 11,955 sq ft (1,110.66 sq m) with 50 car parking spaces (1:239 per sq ft)

// Let to Sungard Availability Services (UK) Ltd on a new 5 year full repairing and insuring lease from 14 August 2018 (expiring 13 August 2023)

// Headline rent of £178,741 per annum, reflecting £14.95 per sq ft

// The Tenant has a D&B rating of 4A1, representing a minimum risk of business failure

// The Tenant uses the building as a data and disaster recovery centre and has recently renewed having been in occupation since December 2000

// Freehold

Offers are sought in excess of£1,979,000 (One Million, Nine Hundred and Seventy Nine Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractivenet initial yield of 8.50% and a capital value of £166 per sq ft (assuming purchaser’s costs of 6.27%). Secure Single-let Office Investment Opportunity [03] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

BESTWAY M60 WHOLESALE MERCEDES

BMW WILLIAMS MANCHESTER OUTER RING ROAD

HYUNDAI OFFICE A5145 OUTLET CDL PARFETTS CDL

PETS AT HOME

THE PYRAMID

YEW ST TO STOCKPORT TOWN CENTRE M60

Junction 1

A5145 AUDI

A560 BRINKSWAY

TO STOCKPORT TOWN CENTRE Secure Single-let Office Investment Opportunity [04] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

Location A6

Stockport is part of the Greater Manchester The Town benefits from excellent transport Services to London run three times M60 WELLINGTON RD N conurbation that has a population of 2.8 links being situated on the M60 orbital an hour with a travel time of under Merseyway million, extending to 7.8 million within one motorway, linking with the M56 and M62 two hours. Additionally, Manchester Shopping hour’s drive of Manchester City Centre. which connect Chester, Liverpool, Leeds International Airport is within a 15 minute A5145 Centre Stockport is the North West’s fastest and the wider regional economy. Stockport drive and is the country’s largest regional STOCKPORT growing economy and it is predicted to is also situated on the west coast mainline airport serving 27 million passengers MANCHESTER OUTER 1 RING ROAD outperform other regional centres with a and is the main rail interchange for national each year to over 200 destinations. A560 growth rate of 2.4% per annum until 2024 and regional services prior to reaching Oldham YEW ST creating a further 110,000 additional jobs. Manchester Piccadilly. M60 A5145 River Mersey Newton HOLLYWOOD WAY Stockport Heath Mossley A560 Railway BRINKSWAY Station A580 A62 A576 M60 Ashdton-under-Lyne 12 2 M602 23 1 Manchester A635 SATNAV: SK4 2HG M62 A57 A635 M60 Castlefield A57 9 A56 24 Urmston Situation Hyde A6010 Glossop 7 A6 The property is situated to the south of Stockport Train Station is located within A5103 A560 A34 25 Yew Street, off Junction 1 of the M60 0.8 miles of the property and the main Didsbury Bredbury 5 orbital motorway, opposite the former leisure and retail amenities in the town A56 1 Co-operative Bank building known as centre are within 0.9 miles. The immediate M60 Stockport 3 The Pyramid. To the south of the property surrounding area is an established Marple lies the River Mersey. The property is commercial and retail district with a range Altrincham A6 situated 7.3Hayfield miles from Manchester of occupiers and uses including offices, Hazel Grove City Centre, via the A34. industrial and a number of car showrooms A34 (Audi, BMW and Hyundai).

Manchester Airport A523 A6

Adlington

Buxton Secure Single-let Office Investment Opportunity [05] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

Description Accommodation

The property comprises a modern // Clear open plan floorplates // Demised car parking for 50 vehicles The property has been measured in two-storey detached office building (1:239 per sq ft) including accordance with the RICS Code of // Air conditioning on a self-contained site. The building 4 disabled car parking spaces Measuring Practice 6th Edition on is of steel frame construction with a // Raised access floors a Net Internal Area (NIA) basis and // 1 x 8 person passenger lift metal clad roof and brick elevations // Suspended ceilings incorporating extends to 11,955 sq ft (1,110.66 sq m). // CCTV internally and externally with a full height glazed entrance area. LG7 compliant lighting The subject property benefits from the // Secure site with a security barrier following key specification: // Male, female and disabled WCs

The property is used as a data and disaster recovery centre and it has therefore benefited from low impact use. The Tenant has also invested heavily in the building throughout their occupation. Secure Single-let Office Investment Opportunity [06] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

SITE

H The property comprises a site area O L L Y W of approximately 0.89 acres (0.17 ha). O O D ay W ood W Hollyw A ge A Phase 1 Environmental report has Y Brid been carried out by Ramboll. A copy is available upon request. TENURE

40.8m S

o

l

u

t i

o

n

s

H

o Brinksway u

e The property is held Freehold s El Sub Sta Bridge PH

(Title No. GM709838) 70

t

r

u

o

C

r

e

h

s

i El

f

g

n

i Sub Sta K

Shelter

40.4m

DW

Brinksway Weir

1

0 1

DW

Shelter Garage 0m 25m 50m 75m

Brinksway Trading Estate

1

0 3 Ordnance Survey © Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

This map was created with Promap Secure Single-let Office Investment Opportunity [07] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

Tenancy

The property is let to Sungard Availability Services (UK) Ltd on full repairing and insuring lease terms for a term of 5 years from 14 August 2018 (expiring 13 August 2023). The headline rent is £178,740 per annum, which reflects £14.95 per sq ft. The tenant is currently benefitting from an initial 6 months’ half rent from lease commencement (expiring 13 February 2019).

In addition, there is a river gauging station and a mast let to the Environment Agency for a term of 21 years from 16 December 1998 (expiring 19 December 2019) at a passing rent of £1.00 per annum.

Covenant Information

Sungard Availability Services (UK) Ltd Sungard employs more than 3,000 The subject property serves as a Their financial position can be summarised as follows: (Company No. 02368123) people and helps over 8,000 customers workplace recovery location for Fiscal Fiscal Fiscal worldwide achieve uninterruped access Manchester and the North West region. Sungard Availability Services is one of the consolidated consolidated consolidated to their mission-critical data and systems. The tenant has been in occupation since 31 Dec 2017 31 Dec 2016 31 Dec 2015 world’s leading software and technology The company has data centres and December 2000. services companies. The company Sales / turnover £188,737,000 £192,810,000 £191,302,000 workplace recovery locations in 11 provides disaster recovery services, Further information can be found at different countries accross North America, Profit / (loss) before taxes £16,353,000 £15,408,000 £16,298,000 cloud based recovery services, managed https://www.sungardas.com/en/ Europe and Asia, including 19 locations IT services, information availability Tangible net worth £21,577,000 £28,709,000 £66,390,000 in the UK. D&B Rating: 4A1 consulting services and business continuity management software. Secure Single-let Office Investment Opportunity [08] SUNGARD AVAILABILITY SERVICES // SOLUTIONS HOUSE // YEW STREET // STOCKPORT // SK4 2HG

Contact

For further information or to arrange an inspection, please contact:

Mike Pochin E: [email protected] T: 0161 833 7692 M: 07856 584 523

Tom Dawson E: [email protected] T: 0161 833 7717 M: 07468 727 122

EPC VAT Proposal

An Energy Performance Certificate The property has been elected for We are instructed to seek offers in excess of£1,979,000 (One is available upon request. VAT. It is anticipated the transaction Million, Nine Hundred and Seventy Nine Thousand Pounds), will be treated as a Transfer of a subject to contract and exclusive of VAT. A purchase at this level Going Concern (TOGC). reflects anattractive net initial yield of 8.50% and a capital value of £166 per sq ft (assuming purchaser’s costs of 6.27%). KnightFrank.co.uk

IMPORTANT NOTICE: 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 properties, their condition or value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the properties, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the properties as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Photographs are dated September 2017. 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. None of the services or appliances have been tested and no warranty is given or is to be implied that they are in working order. A buyer or lessee must find 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 England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. January 2019 Design by carve-design.co.uk 13878