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Nexus Industrial Randles Road, Knowsley L34 9HX

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Nexus Industrial Randles Road, Knowsley L34 9HX Nexus Industrial Randles Road, Knowsley L34 9HX B5194 M57 Prominent North West Multi-Let Industrial J4 and Office Investment Investment summary Investment Summary Proposal • multi-let industrial and office investment • One vacant unit comprising 23,319 sq ft. the Offers are sought in excess of £9,443,000 (Nine opportunity with development land vendor will provide a 12 month rent, rates and Million, Four Hundred and Forty Three Thousand service charge guarantee Pounds) for the freehold interest, subject to • Located in a prime north West commercial area contract and exclusive of vat. between Liverpool and manchester • WAULT of approximately 5.48 years (3.99 years to break) a purchase at this level reflects a Net Initial Yield • Prominently situated adjacent to Junction 4 of of 9.20% , assuming purchaser’s costs of 6.69% the m57 motorway • site area of 11.44 acres providing a low site and a low capital value of £49 per sq ft. coverage of 37% • the Property comprises 13 industrial units totalling this assumes £150,000 per acre has been 149,194 sq ft, 7 office units totalling 35,253 sq ft and • Freehold attributed to the 2.16 acres of development land. an additional 2.16 acres of development land • Opportunity to improve the income profile • total passing rent of £895,087 per annum through letting the vacant unit, lease re-gears (including a rent guarantee and a top up) which and taking advantage of the potential for higher equates to £3.18 per sq ft on the industrial and value uses on the adjoining land, subject to £11.95 per sq ft on the offices planning M65 M55 Leeds A5208 Knowsley Business Bradford M1 Blackpool Estate Preston Blackburn S B oun dary Southdene Rd M65 Halifax Nexus . N M62 Industrial M d Southport R 5 e Knowsley Business A5208 8 t Rochdale a Estate Huddersfield g r MANCHESTER M66 o M61 Bolton o M1 M OL PO A580 VER M58 M6 LI Knowsley Business Liverpool 2 Manchester Estate B5202 A580 A580 J4 Liverpool Peak District Ran M62 M60 S dle B5194 M57 s Rd Stockport National Park t o Scho ol Lane n M Knowsley Business Centre Warrington M56 e 6 b 2 M53 r Knowsley Mersey i Gateway d g e M57 L a n Macclesfield e M53 LOCatIOn Chester Location Situation Knowsley is located approximately 7 miles (12 km) north east of Liverpool, 27 miles (44 nexus Industrial forms part of the larger established Knowsley Business estate, an km) west of manchester and is one of the main industrial areas of the north West. industrial area to the north east of Knowsley town centre. the Property is adjacent (and benefits from direct access) to the m57 via Junction 4, and the a580 (east Lancs road) the town benefits from an excellent road network between Liverpool and manchester via school Lane. the Property is bounded by randles road to the south, the m57 to the and regional centres including Wigan and Bolton. Knowsley is situated adjacent to the west and school Lane to the east and north. m57 which connects with the m62 to the south and the m58 to the north. the m62 is the primary west-east trans-Pennine motorway connecting Liverpool with the major regional the Property is surrounded by a mix of industrial, office and business space units along cities of manchester and Leeds, providing direct access to Liverpool’s orbital route, the randles road. Key occupiers on Knowsley Industrial estate include matalan, makro, B&m a5058 ring road. this links with the m6, one of the major national north to south and toyota. motorways running from Carlisle to Birmingham. Knowsley offers good rail communications with West Kirby station less than 3 miles to the north, providing frequent services to Liverpool Lime street with a journey time of 18 minutes. Liverpool Lime street provides regular train services across the uK, with journey times to London of 2 hours 20 minutes, Birmingham of 1 hour 38 minutes and manchester of 32 minutes. The property is adjacent the region has Intermodal rail Freight hubs in Widnes, Chester and Crewe, with planning permission granted for a further hub at Port salford, where road enabling works are under way to facilitate the development of this new multi modal facility. (and benefits from direct access) to John Lennon airport is approximately 10 miles (16 km) south of Knowsley and serves over 80 national and international destinations. the M57 via Junction 4 DesCrIPtIOn nexus Industrial, Knowsley provides well presented industrial and ancillary office accommodation either side of randles road. the Property comprises 13 industrial units totalling 149,194 sq ft (13,860 sq m) and 7 office units totalling 35,253 sq ft (3,275 sq m). units 1-6 provide a terrace of industrial units with direct frontage to randles road. the units provide modern refurbished accommodation ranging in size from 5,774 sq ft to 23,319 sq ft with a secure shared yard to the rear. the eaves heights range from 4.95m in units 2-5, to 10.50m in units 1 and 6, and some benefit from front and rear roller shutter loading doors. ancillary office accommodation is provided to the front of the units. to the north of randles road, units 7-13 provide high bay industrial space with eaves heights of 12.95m. the tenants fully occupy their respective units which have been extensively fitted out to meet business requirements. a shared yard is positioned to the front of the units providing ample parking and loading facilities. unit 9-11, which is single let, also benefits from a self-contained yard and loading area to the rear. t n unit 1, which is currently vacant, comprises 23,319 sq ft of refurbished e industrial accommodation benefitting from a generous yard area m d and an eaves height of 10.50m. p n o the office accommodation is located in a single terrace fronting l a e L randles road. the offices are fully let separately to the v industrial accommodation and provide well presented single e storey accommodation with suspended ceilings, air D conditioning and perimeter trunking. shared car parking is provided to the west of the Property, with additional demised car parking for Delphi (uK) Holdings Ltd to the east. Site the property provides a total site area of 11.44 acres (4.63 ha), providing a low site coverage of 37%, excluding the development land. the addit ional development land totals 2.16 ac res (0.87 hectares). KEY Industrial Office DeveLOPment sIte & InFrastruCture Development Land Future infrastructure the property provides additional development land totalling 2.16 acres (0.87 ha). the north West is currently going through a significant transformation phase with works this site, hatched blue on the earlier Promap, benefits from excellent prominence to the on the mersey Gateway Project and Liverpool 2 underway. Furthermore, Hs2 is likely to Junction 4, m57 roundabout with access currently provided from randles road. play a key role in the process of revitalising Liverpool City and the rest of the region. Outline planning consent was granted for the development of a mixed use scheme in June 2011 to include a 110 bed hotel (use Class C1), a 56,000 sq ft business unit (use Class The Mersey Gateway Project B1) and a 1,600 sq ft retail/restaurant unit (use Classes a1, a3, a4 & a5). Further mersey Gateway, a new six-lane toll bridge, will open in autumn 2017. the bridge is information is available on request. approximately 1 mile to the east of the silver Jubilee Bridge, which connects Widnes and a Purchaser may wish to explore alternative options, subject to the usual planning the Central expressway in runcorn to the eastern Bypass and speke road in Widnes. this consents, and explore the potential for an additional access to be granted from the will offer a major new transport route reducing congestion and greatly improving the link B5194, school Lane to the north of the Property. between the north West and the rest of the united Kingdom. Knowsley Development Pipeline Liverpool 2 Knowsley’s locational and industrial dominance is creating increased development the Port of Liverpool is one of the uK’s largest ports by tonnage handled. the port is potential, with a number of schemes both under construction and with planning being extended by the building of an in-river deep water container terminal at seaforth permission. this investment will assist in the fundamental repositioning of Knowsley Dock, named Liverpool 2. the new development will be able to accommodate 95% of all Industrial estate from traditional manufacturing, towards more modern industrial and global container vessels, enabling the Port of Liverpool to house two 13,500 teu post- logistics. Panamax vessels simultaneously. Liverpool 2 is situated 7 miles to the west. Further information, including a plan of the surrounding schemes, is available on this considerable infrastructure investment will benefit the wider north West region and request. in particular the Knowsley industrial market. Furthermore, a package of works worth £6.7m has recently been announced by Knowsley Council to improve access and connectivity across Knowsley Business Park. tenure & tenanCy Tenancy Tenure the Property is let to 6 tenants on 9 leases and provides a weighted average unexpired lease term of 5.48 years to Freehold. expiries and 3.99 years to breaks. the property produces a passing rent of £895,087 per annum (including a 12 month rent guarantee on unit 1 and a rental top-up on units 2, 6 and 9-11). this equates to £3.18 per sq ft on the industrial and £11.95 per sq ft on the offices.
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