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Jamage Industrial Estate Talke Pits, Stoke-On-Trent St7 1Xp

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Jamage Industrial Estate Talke Pits, Stoke-On-Trent St7 1Xp NATIONAL VETERINARY SERVICES LIMITED JAMAGE INDUSTRIAL ESTATE TALKE PITS, STOKE-ON-TRENT ST7 1XP INDUSTRIAL INVESTMENT OPPORTUNITY JAMAGE INDUSTRIAL ESTATE TALKE PITS, STOKE-ON-TRENT ST7 1XP NATIONAL VETERINARY SERVICES LIMITED TALKE RETAIL PARK INVESTMENT CONSIDERATIONS ■ West Midlands distribution investment opportunity ■ 52,211 sq ft warehouse on a site of 2.36 acres ■ Let to National Veterinary Services Ltd until June 2020 ■ Passing rent of £210,000 per annum (£4.02 psf) - topped up by the vendor ■ Potential development opportunities subject to the necessary consents ■ We are instructed to seek offers in excess of £1,880,000 (One Million Eight Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 10.5% and low capital value of £36 psf Outline for indicative purposes only. JAMAGE INDUSTRIAL ESTATE TALKE PITS, STOKE-ON-TRENT ST7 1XP INDUSTRIAL INVESTMENT OPPORTUNITY Preston M621 Blackburn M606 Blackpool M65 A56 HALIFAX Wakefield M62 Southport Huddersfield A666 M62 M6 M66 Rochdale A1 M61 M1 LOCATION SITUATION Bolton Bury Barnsley A Wigan Oldham 50 Jamage Road Industrial Estate is M58 Stoke-on-Trent is a city in the county M60 DONCASTER Alsager A1(M) of Staffordshire, located at the heart situated to the north of Stoke in the MANCHESTER A628 A616 M57 A St.Helens M67 M18 Robin Hood 5 Talke Pits area approximately 5 miles 0 of the Potteries region. The town is 1 M60 k ROTHERHAM A638 1 r LIVERPOOL Kidsgrove north-west of Stoke-on-Trent and M62 Stockport A631 a approximately 45 miles south-west of L p i SHEFFIELD n A 10 miles east of Crewe. A41 l l A49 3 Sheffield, 45 miles south of Manchester M56 ey B5 A6 a 3 A5 Runcorn A6102 Ro 4 7 0 n A57 A1 1 Manchester A523 ad and 45 miles north of Birmingham. The property is accessed off Oak Tree o Liverpool i Worksop C M53 t M56 A6 A623 o Lane, providing access to the A34. a n The city is primarily a distribution and Northwich g N Coalpit Hill A41 Macclesfield Buxton Retford le M6 t Furthermore, the unit is 2 miles north of A619 Chesterfield to A54 c service industries centre formerly being A54 i n r R A55 Middlewich t o the A500 linking to the East Midlands CHESTER A34 M1 d C A49 s a a a hub for mining and manufacturing. i o r A R d 50 ley o 0 d w Congleton D u and the M1 motorway as well as A53 A61 A614 n A523 M A Stoke is located adjacent to junctions Hawarden Mansfield B k a n providing access to the M6 motorway A51 a 6 k 15 and 16 of the M6 Motorway Leek e Crewe P in 7 minutes by car. Surrounding A534 Kidsgrove providing strong transport links north to Nantwich A500 A520 A500 Manchester and south to Birmingham. occupiers include B&Q and Jewsons. Wrexham Newcastle-under-Lyme A38 A610 T A523 Bignall End Road a l The property is also located next to k Stoke-on-Trent railway station provides e A525 7 A483 2 Freeport Talke Retail Park with occupiers STOKE-ON-TRENT A52 R NOTTINGHAM 5 excellent links to London with an A50 o A51 A520 a A52 A A d DERBY 00 3 including: Gap, Nike, Sports Direct, A53 M6 B55 A average journey time to London Euston A495 Uttoxeter 4 5 A606 0 A453 C 0 Costa Coffee and Marks & Spencer. M1 r of 1 hr 33 minutes. A34 A38 a c A51 A46 k le y Stafford B55 B 00 a n k Longport B5369 JAMAGE INDUSTRIAL ESTATE TALKE PITS, STOKE-ON-TRENT ST7 1XP NATIONAL VETERINARY SERVICES LIMITED Warehouse SITE Total site area OSE E CL nk LAK of 0.96 Hec Ta DIG (2.36 Acres). E N A L T I P Tank Warehouse Warehouse Warehouse 0m 25m 50m 75m © Crown Copyright, ES 100004106. For identification purposes only. Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1653 DESCRIPTION TENANCY COVENANT The property comprises a two bay industrial The property is let in its entirety to National National Veterinary Services Limited warehouse of steel portal frame constructed Veterinary Services Ltd, with a guarantee Established in 1938, National Veterinary Services Limited (NVS) in the 1970s. The property extends to from Patterson Companies Inc, on a is the UK’s leading veterinary wholesale supplier distributing over 52,211 sq ft (4,850.5 sq m) with an eaves reversionary lease expiring on 1st June 2020. height of 8.59 metres. The passing rent is £195,000 per annum 14,000 veterinary supplies nationwide. In 2013, NVS was acquired (£3.74 psf) which will rise to £210,000 per by Patterson Companies Inc. In April 2015 National Veterinary The property is accessed via automatic Services Limited reported a turnover of £406,018,000, a net profit entrance barriers onto a shared tarmacadam annum (£4.02 psf) on 25th December 2017. of £9,914,000 and a total net worth of £54,577,000. yard with car parking provided to the north of The Vendor will be topping-up the rent to the building. The site is roughly rectangular in £210,000 per annum. D&B Rating: 5A1 shape and extends 0.96 hectares (2.36 acres) The tenant has been in occupation for providing a site coverage of 48%. The tenant over 14 years and recently highlighted Patterson Companies Inc also occupies the adjacent building which their commitment to the property by Established in 1877, Patterson Companies Inc is a global medical is not included in the sale. signing the new reversionary lease until 2020. supplies conglomerate based in the US. The company primarily focuses of veterinary and dental supplies distributing to over 15,000 suppliers across the UK and US. In July 2016, Patterson Companies Inc reported a turnover of $5,386,703,000 and a total net worth of $1,441,746,000. D&B Rating: 5A2 TENURE Freehold VAT The property is elected for VAT and it is anticipated that the transaction will be treated as a transfer of a going concern (TOGC). EPC The EPC is available upon request. PROPOSAL We are instructed to seek offers in excess of £1,880,000 (One Million Eight Hundred and Eighty Thousand Pounds) for the freehold interest subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 10.5% after purchaser costs of 6.02%. This represents a low capital value of £36 psf. 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 property 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 10.16.
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