ALBANY HOUSE INDUSTRIAL ESTATE ELLIOTT ROAD, BH11 8JH

FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT INVESTMENT SUMMARY Offers in excess of • Opportunity to acquire the Freehold interest in a well located single let industrial/trade unit let to the strong covenant of £1,995,000 (one Grafton Merchanting GB Ltd. million nine hundred • Bournemouth is an established South Coast town situated within and ninety five the newly formed Bournemouth, Christchurch & Poole local authority area. thousand pounds)

• Albany House [“The Property”] is situated within the West Howe subject to contract Industrial Estate and benefits from additional visual prominence by virtue of its excellent position. and exclusive of VAT.

• The Property comprises a self-contained light industrial/trade A purchase at unit with ancillary office accommodation totalling c.23,000 sq ft this level reflects a on a site of c.0.98 acres with 14 allocated car parking spaces. Net Initial Yield of • The Property is let to Grafton Merchanting GB Ltd [D&B 5A2] for a term expiring 3rd March 2025 thereby providing 4.1 years term 6.00% after purchasers certain at an annual rent of £127,250. costs of 6.27%.

2 ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT 1 Wickes 9 Argos 17 Magellan Aerospace 2 Lidl 10 Sports Direct 18 Travis Perkins 3 South Coast Building Supplies 11 Home Bargains 19 Parvalux Electric Motors 4 White & Company 12 TK Maxx 20 Jewson 5 Structar 13 Matalan 21 City Fibre 6 Solus 14 Dunhelm 22 Lush Cosmetics 7 Gibbs & Dandy 15 The Range 8 Topps Tiles 16 Safestore Self Storage

A3049

19 18 8 20 TURBARY 17 PARK ROAD 21 22 ELLIOTT 4 16 6 ROAD 7 15 5 14 13

11 12 1 9 10

3 2 RINGWOOD ROAD

A31 (in c.4 MILES) A45 A14 A423 Northampton A1 Worcester A5 A428 Cambridge A11 LOCATION OVERVIEW: Bedford A49 A449 Milton A6 BOURNEMOUTH Keynes M50 M5 A429 M40 M1 A1(M) A10 M11

A40 A41 A428 Luton

A40 • Bournemouth is a well-recognised commercial centre within the recently A40 A414 Oxford formed Bournemouth, Christchurch & Poole [BCP] authority area. The town A413 M25 M5 A419 A420 A433 A429 is well connected via the A31 which links to the M27 and the UK motorway M4 A34 M40 M1

M4 network. LONDON Reading A346 M4 Bristol • The BCP authority area has an estimated total population of approximately Bath M3 A368 A350 M26 M25 395,300. A36 A338 M5 Basingstoke A21 A34 Guildford • The total ‘working age’ population (aged 16-64) is 240,900 of which 81.5% A303 M23 M3 A3 A22 A26

are classed as ‘economically active’, higher than the GB rate of 79.1% A303 Salisbury

A36 A272 A272 • Unemployment within the Local Authority between July 2019 and June A303 A354 A338 A23 Southampton M27 2020 was 3.3%, lower than the GB total of 3.9%. BOURNEMOUTH A27 Brighton A27 A354 A338 Portsmouth Worthing Bognor Regis A35 Eastbourne • The BCP geographic has a strong business community with a major business A35 Poole Bournemouth presence from the likes of LUSH, Sunseeker, Addo Food Group, Royal Mail Weymouth and Smiths News.

• London: 105 miles north-east • A31: 5 miles north • Bournemouth Train Station: • Bournemouth Airport: 6 miles north-east • Southampton: 30 miles west • A338: 9.5 miles north 5 miles south-east • Southampton Airport: 31 miles north-east • Poole: 6 miles south-west • M27: 20 miles north • Heathrow: 87 miles north-east • Bristol: 69 miles north • Gatwick: 113 miles north-east

*Local Authority Profile: Source Nomis

4 ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT

SITUATION

W • The property is well positioned within the established West Howe Industrial Estate H I TE LE GG W N A L Y situated 5 miles north [c.15 minute drive time] of . E

8 W

4

O 3

A H

E C AS • Albany House is ideally located on the main estate road fronting the junction TLE LN W 7 WEST HOWE 4 3 D with Avenue thereby providing added visual prominence. The R A D O ELLIO D O R W N D G TT R IN O E R R T S E A348 [Ringwood Road] which links to the A31 in c.4.5 miles can be accessed D U G V N ANFORD HE RB N A R C ATH RD A I L U WEST HOWE RY K IL A PA H O 3 RK D B 04 WA INDUSTRIAL AVE E 9 R M 9 L I 4 LI ESTATE in a < 5 minute drive time. 0 SD W O COLUMBIA RD A3 W N R EN AD SB 9 URY 4 D PARK RD 0 R 3 3 ENSBURY A 04 N 9 O • A number of regional and national businesses occupy space within the estate S PARK G RD IN D K O WA LLIS WO DOW including HP Transport Garage Limited, Thread and Pipe Services Limited G ALDERNEY N RD IN R Y D A A30 R

W 49 E D T N

R

E R and Screwfix. The wider micro-location also consists of two retail parksL with S U A R D

R O O H R T E B D S R R A B M E E D R A D T WI A L representation from TK Maxx, Sports Direct, Argos, Wickes and Dunelm. A V RD E M A CANFORD A 34 EH TAL AR 7 BOT HEATH D W RD OL WINTON A3 049 04 A9 A3 A D 3 R 4 L 7 MA D RD D R E V O NEW TOWN R A E O S H D S W E L R A E G B N E R N R D I T E R R A F R VE N E E T T L A S L IN G B O RM T A B3068 A V CH E 3 B306

D Y R A PARKSTONE R R M E O D U L T A H R D D R

B E 3061 EY R SURR D N ASHLEY RD R B3061 BRANKSOME U O UPPER B BOURNEMOUTH M I PARKSTONE BRANKSOME W B A RAN 7 35 KSO 4 ME 3 5 P WOOD 3 OO R A A BO LE D A3 URNEMOUTH RD RD AY 5 X W LI A 338 ESSE NDS 338 A A338 W A35 AY R D W ESS HILLA VE EX WAY PENN 064 PO B3 OL E E R U D

N PARKSTONE S E A V N A D E E H C BOURNEMOUTH O T T E S R D D R W H WHITECLIFF C AT LIF B E WESTBOURNE F R RD U D

N S

E

FF

V

I

A L

C C E

O

H

D

T M R

P

FO T

O

N N

CA

A

V E

6 ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE

ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT 7 DESCRIPTION

• The Property comprises a self-contained light industrial/trade unit with ancillary office accommodation totalling 23,256 sq ft [2,160.55 sq m] GIA.

GENERAL SPECIFICATION

Steel portal frame construction under a pitched roof with an asbestos cement sheet covering

Two storey office space with a ground floor trade counter component

Brick cavity wall elevations

2 x loading doors positioned to the rear and side of the unit

Translucent roof light sheets

14 marked car parking spaces to the front of the unit

8 ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT INV ERNESS

ABERDEEN

DUNDEE

P ERTH

STIRLING

EDINBUR GH F ALKIRK GLASGO W

DUMF RIES NEWC ASTLE UPON T YNE

C ARLISLE SUNDERLAND

HARTLEPOOL

STOCKTON-ON-T EES MIDDLESBR OUGH DARLINGTON

SC ARBOR OUGH

A1(M ) HARR OGAT E

YORK

LEEDS BRADFORD PRESTON BLACKBURN KINGSTON UPON HULL BURNLE Y M6 2

M6 2 SCUNTHORPE BARNSLE Y

DONC ASTER GRIMSB Y MANCHESTER M180 M1 LIV ERPOOL M1 8

SHEFfiELD

A57 LINCOLN M1

A1 SK EGNESS

NOTTINGHAM STOK E-ON-TRENT

M6 GR ANTHAM DERB Y

A1 KING’S LYNN TELFORD M1 NORWICH M4 2 M5 4 A47 GR EAT Y ARMOUTH LEICESTER A47

M6 9 A4 7 PE TERBOR OUGH LOW ESTOFT BIRMINGHAM

M1 M6 A1(M)

COVENTRY A14 M4 5

NEWMARK ET WO RCESTER NORTHAMPTON BEDF ORD C AMBRIDGE M4 0 IPSWICH

M1 M1 1

MILTON KE YNES COLCHESTER LUTON CHELTENHAM STEV ENAGE

GLOUCESTER ST ANSTED

OXFORD CHELMSF ORD LOCATION SITUATION M40 M25 HIGH WYCOMBE

SOUTHEND-ON-SEA Bournemouth is a large coastal town located on Albany House is situated on West Howe SWINDON the south coast of . Together with Poole and Industrial Estate which lies to the north of central LONDON Christchurch, the town forms the South East Dorset Bournemouth. It is a mixed use estate forming part of BRISTOL M4 READING conurbation which has a total population of over the core industrialCA RDIFF stock. The property is positioned HEATHROW on Elliott Road which forms the main estate road. 400,000. It is 108 miles south-west of London, RAMSGAT E BATH M3 33 miles west of Southampton and 5 miles east of The subject property lies opposite the junction of A34 M25 Poole. Elliott RoadW and ESTON-SUPER-MAR Turbary Park EAvenue giving the building improved prominence. BASINGSTOKE A3 Church Works GUILDFORD MAIDSTONE Bournemouth is well served by road and rail M23 M3 GATWICK communications with the A31 north of the town The A348 Ringwood Road,51.2m which is the main arterial A303 DO VE R A338 A31 ROYA L providing access to the M27 and theALBANY UK motorway HOUSE, WESTroad HOWE providing INDUSTRIAL access into ESTATE and out of Bournemouth CRAWLEY SALISBURY TUNBRIDGE W ELLS F OLKESTONE network. For air communications, Bournemouth from the north, flanks the subject estate to the west. WINCHESTER A3 International Airport is located approximately 5.50 TAUNTON A23 A36 miles to the east of the4 subject property. A350 A272A272

7 A338 SOUTHAMPTON SOUTHAMPTON

M27 A3(M) 1 A27 RINGWOOD BRIGHTON HASTINGS FLOOR AREAS A31 Sunburst House D PORTSMOUTH OA A31 A338 R N TT BOURNEMOUTH 13 LIO

EL EASTBOURNE 1 11

2 BOURNEMOUTH

EXETER 2 POOLE

• We understand the property comprises the following Gross Internal areas:- 6 NEWPORT LB

SQ M SQ FT 16 A31 CHRISTCHURC

M27 & M3 2

1 H ROAD BOURNEMOUTH Warehouse 1,208.76 13,011 El Sub Sta A341

RLEY LA PA MA 19 G NA Offices (GF and FF) 242.75 2,613 R OA D ROAD

17 WIMBO RNE ROA Additional Office space and D D 354.52 3,816 West Howe Industrial Estate O Mezzanine storage (FF) O W E G N WHITLEGG WAY A Albany House N L A347 A349 I POOLE Showroom, Offices, Store (GF) 354.52 3,816 Unit C R

T E U R L B AD L ILL A O I R O H Albany House Y R

T PK Unit B T L A VE Total 2,160.55 23,256 Unit A R O Robert Rose A D House GRAVE

R El Sub Sta ET WAY OA S D A347

R O

D

UE N E SITE A3049 V A L IL AY W X REDH SE ALDER ROAD ES A350 W • The total site area is c.0.98 acres (0.4 Ha) West Howe A35 EMOUTH ROAD Industrial BOURN A338 Estate BOURNEMOUTH

Depot TENURE POOLE

1 Wks 2c 3 Albany House West Howe Industrial Estate, Elliott Road, Bournemouth BH11 8JH 2b • Freehold. 2a

0m 10m 20m 30m

2a

b 3 Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT 9 TENANCY COVENANT

• The Property is let to Grafton Merchanting GB Limited on a Full Repairing and Insuring Lease (subject to a Schedule of Condition and specific exceptions for which the Landlord retains responsibility).

GRAFTON MERCHANTING GB LTD (04725313) • Term of 6 years expiring 3rd March 2025 therby providing 4.1 years term certain. The current rent is £127,750 per annum. • Formed in 2008 to integrate Grafton Group’s GB merchanting business within a single structure. The firm trades from c.500 locations and employs 4,500+ staff.

• A copy of the lease and other supplemental documentation is available • As a result of bringing together the majority of Grafton Group’s merchant on the data-site. Access can be made available on request. subsidiaries in Great Britain, the company is a substantial participant in the builders and plumbers merchant industry.

• The ‘brands’, which include Corgi Direct, Hirebase, Plumbase and Nationwide Drylining & Insulation [the latter being the brand that operates from Albany House] are all leading merchants and specialist in their respective fields.

• For further background see: www.graftonmerchantinggb.co.uk. “...ONE OF THE BEST • Grafton Merchanting GB Ltd has a Dun & Bradstreet Rating of 5A2, representing a lower than average risk of business failure. The company has produced the PERFORMING DEPOTS following accounts over the last 3 years. Year to Date 31/12/2019 (£000’s) 31/12/2018 (£000’s) 31/12/2017 (£000’s)

IN THE PORTFOLIO...” Sales/Turnover 932,879 920,490 1,138,637

Nationwide Drylining & Insulation Pre-Tax Profit/Loss 15,413 26,307 24,967

Net Assets 218,349 209,996 178,986

10 ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE

EPC • Further information held within the data-site.

VAT • The property is elected for VAT. It is anticipated that the sale will be treated by way of a Transfer of Going Concern (TOGC).

ANTI MONEY LAUNDERING (AML) • Under AML regulations, we are obliged to verify the identity of a proposed purchaser once a sale has been agreed to help combat fraud and money laundering.

FURTHER INFORMATION Offers in excess of£1,995,000 (one For further information including requests for data-room access and inspection, please contact: million nine hundred and ninety five Matthew Barker Duncan MacLaren thousand pounds) subject to contract [email protected] [email protected] 023 8024 9181 020 7317 3132 and exclusive of VAT. A purchase at 07860 189598 07770 648755 this level reflects aNet Initial Yield of Lambert Smith Hampton 3rd Floor Enterprise House 6.00% after purchasers costs of 6.27%. Ocean Way Southampton SO14 3XB

Subject to Contract and Exclusive of VAT © Lambert Smith Hampton February 2021 Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agent MacLaren & Partners for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or MacLaren & Partners or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH or MacLaren & Partners has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or MacLaren & Partners or its employees or agents, LSH and MacLaren & Partners will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH or MacLaren & Partners. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord, LSH or MacLaren & Partners shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters. vii) LSH and MacLaren & Partners have not measured the property and have relied upon client’s information. Therefore LSH and MacLaren & Partners give no warranty as to their correctness or otherwise and the purchasers must rely on their own measurements. These particulars maybe subject to update. February 2021.

ALBANY HOUSE, WEST HOWE INDUSTRIAL ESTATE • FREEHOLD SINGLE LET SOUTH COAST INDUSTRIAL/TRADE INVESTMENT 11