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Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND

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Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Prime Industrial Investment Opportunity Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Investment Summary • The estate is located in Ossett, in an established industrial location, 4.0 miles west of Wakefield city centre. • Excellent access to the motorway infrastructure with Junction 40 of the M1 located 1.4 miles to the east of the site and The Lofthouse interchange at Junction 42 of the M1 located 5.2 miles to the north east, which provides access to the M62 and in turn the A1. • Fully let industrial investment, with tenants including Bridgestone UK Limited, Dale Hardware Limited and Wholesale Glass Limited. • The industrial units are arranged as three pairs of semi detached units and two detached units. • Sandbeds Trading Estate extends to a combined gross internal area of 8,226.57 sq m (88,550 sq ft). • Freehold. • The site itself extends to a total of 1.984 hectares (4.903 acres), providing a site coverage of circa 41%. • Passing rent of £304,856 per annum exclusive. • A weighted average unexpired lease term of 7.01 years to expiry (5.86 years to break options). • Offers in excess of £3,750,000 (Three Million, Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7.68%, assuming usual purchaser’s costs of 5.80%. Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND A6120 HORSFORTH A650 A64 A6120 M1 A58 Location A660 BRADFORD A6110 LEEDS A6177 A1(M) Ossett is located in the district of Wakefield, in the county of West Yorkshire. Ossett is A63 M621 M1 approximately 4 miles west of Wakefield town centre, 4 miles east of Dewsbury and A650 M621 11 miles south of Leeds. A6036 M606 M62 Ossett had a population of 16,116 residents according to the 2011 UK census, and is located A58 Sandbeds within the Wakefield Metropolitan District council which had a population of 325,837 people. Trading Estate A1(M) M62 Road connections are good, as the estate is located close to junction 40 of the M1, providing A650 DEWSBURY A629 A638 PONTEFRACT ease of access to the wider motorway network. WAKEFIELD M62 OSSETT A644 A642 Rail services to London Kings Cross via Wakefield are available in a journey time of A628 A638 approximately 2 hours. A640 A642 M1 HUDDERSFIELD A1(M) A642 A637 M1 Situation A638 The Sandbeds Trading Estate is well located off Wakefield/Dewsbury Road (B6129), the main FLUSHDYKE DEWSBURY RD road leading through Ossett. The estate has good visibility from the A638 dual carriageway to the north. Junction 40 of the M1 is located 1.4 miles to the east. The surrounding area provides an established and popular industrial location. A638 Surrounding occupiers include John Monaghan architectural hardware situated on the adjacent Sandbeds Court, RCM Business Centre and Armitage and Elliot. Sandbeds Trading Estate 40 DALE ST WESLEY ST OSSETT TOWNGATE QUEEN ST M1 QUEEN’S DRIVE Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Warehouse 23 3 6 For illustrative purposes only. 2 Description 6 T r 4 ac k The Sandbeds Trading Estate was built in the late 1970s and comprises 8 units totalling PALESIDE 8,226.57 sq m (88,550 sq ft) arranged as three pairs of semi detached units and two Greenfield Mills rt u o C s Tank d e E b U d n N a E S detached units. The units range in size between 9,201 sq ft up to 26,916 sq ft which V A rehouse El Sub Sta D R O F E N R A 1 comprises units 1 & 2 and is capable of being split into two separate units. All units have an W 1 Warehouse eaves height of c. 5.5 m and are of steel portal frame construction with brickwork to a height 2 El Sub Sta 38 of approximately 3.0 m with corrugated profile sheet cladding above. The warehouse areas 8 L 3 S au Builders Yard Co re a tta l n g 3 e 7 d Ca b Works rtr e ef 2 d it s n each benefit from a roller shutter door to the front elevation. The units have single storey U T P r a a El Sub Sta le d s 6 i id n e g L Warehouse a E n e s ta 4 ancillary office accommodation to the front of brick wall construction beneath a flat roof. 1 te 2 A 6 38 6 Each unit each has a small yard to the front. 6 5 's g in d il Garage u B 's d n 1 a L Pe rs ev The property extends to approximately 1.984 hectares (4.903 acres), providing a site coverage er M an Jubilee ill ce 1 101.2m House of circa 41%. There is also a separate secure fenced yard which is separately let. 5 El Ahed House Sub Sta e g a tt o C n to le tt Unit 1 e D There are three electricity substations on the site, which are occupied by the Yorkshire N 98.8m 5 7 Ashley 1 1 House 7 Electricity Board. 7 Parkw 1 5 9 4 96.6m Hous 3 7 15 14 The roadway providing access to the units is adopted and maintained at public expense. 69 a 67 10 7 67 S 5 p 2 r in 7 H g 1 8 3 2 1 o s 61 u to 93.6m s n 1 e e 7 4 2 Ashley Industrial Estate Accommodation 2 Unit Sq M Sq Ft Hectares Acres 1 & 2 2,500.18 26,916 3 1,128.12 12,143 4 1,129.52 12,158 5 854.80 9,201 6 854.80 9,201 7 & 8 1,758.75 18,931 Secured Yard 0.072 0.180 Substation 1 Tenure Service Charge Substation 2 Substation 3 The Property is held on a freehold basis. We understand that the current service Total 8,226.57 88,550 charge is running at £8,855 per annum, reflecting £0.10 per sq ft. Full service charge The property has not been measured and all areas have been provided by St. Modwen. information is available on request. Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Tenancy Schedule The property is fully let to eight tenants at a combined passing rent of £304,856 per annum exclusive. The property has a weighted average unexpired lease term of 7.01 years to expiry and 5.86 years to the breaks. Each lease has been made on effective FRI terms. The full tenancy details are summarised below. Unit Tenant Passing Per Sq Ft Lease Lease Rent Break Remaining Comments Rent / Acre Start Expiry Review Clause Term To Expiry 1 & 2 Dale Hardware Limited £94,200 £3.50 05/01/15 04/01/25 05/01/20 9.01 3 Bridgestone UK Ltd £42,500 £3.50 30/04/13 29/04/18 30/04/16 30/04/16 2.32 Fixed rent reviews; 30/04/16 - £21,250 30/04/17 - £42,500 The vendor will top up the rent until 30/04/17. 4 FG3 Manufacturing (Northern) £36,500 £3.00 20/12/13 19/12/23 20/12/16 20/12/18 7.95 Fixed rental uplifts; 20/12/16 - £40,000 20/12/17 - £42,500 20/12/18 - £45,000 5 Spurr Fabrications Ltd £30,000 £3.26 08/05/12 07/05/22 08/05/17 6.34 Fixed rental uplift to £34,750 6 Ian Firth £29,900 £3.25 01/03/13 28/10/23 01/03/16 01/03/18 7.82 Fixed rent reviews; 01/03/16 - £32,075 01/03/18 - £17,175 01/03/19 - £34,350 7 & 8 Wholesale Glass Ltd £67,500 £3.57 15/10/12 14/10/22 15/10/17 6.78 Fixed rental uplift to £78,250 Yard Jack Rawson Haulage Ltd £4,000 £22,222 11/03/15 10/03/18 05/01/20 Anytime with 2.18 Outside of the LTA 1954. 3 months notice Landlord option to break on three months notice. Sub 1 Yorkshire Electricity Board £4 31/08/22 6.66 Sub 2 Yorkshire Electricity Board £2 15/04/32 16.29 Sub 3 Yorkshire Electricity Board £250 28/11/55 39.93 Total £304,856 Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND Covenant Information The property is fully let with tenants including Dale Hardware Limited, Bridgestone UK Ltd, FG3 Manufacturing, Spurr Fabrications Ltd, Ian Firth Ltd and Wholesale Glass Ltd and we detail the accounts for all the tenants below: Tenant Year Ending Turnover Pre-tax profit Total Assets Shareholders £ £ £ funds £ Dale Hardware Limited 31/12/13 n/a n/a 3,046,946 1,797,656 31/12/12 n/a n/a 2,884,107 1,405,726 31/12/11 n/a n/a 2,917,135 1,063,884 Bridgestone UK Ltd 31/12/13 219,776,000 5,338,000 75,274,000 32,448,000 31/12/12 228,803,000 2,672,000 88,250,000 29,805,000 31/12/11 270,148,000 3,776,000 87,275,000 30,126,000 FG3 Manufacturing (Northern) 31/12/13 n/a n/a 243,911 -297,602 31/12/12 n/a n/a 165,515 -305,767 31/12/11 n/a n/a 293,365 -139,252 FREM Group Limited* 31/12/13 12,412,120 603,446 7,224,498 1,082,600 31/12/12 12,176,723 660,455 5,926,485 1,024,562 31/12/11 11,440,090 490,006 5,814,952 861,097 Spurr Fabrications Ltd 31/03/14 n/a n/a 1,099,433 123,886 31/03/13 n/a n/a 726,069 82,405 31/03/12 n/a n/a 432,474 21,368 Ian Firth Limited 31/08/14 n/a n/a 172,565 156,403 31/08/13 n/a n/a 169,971 158,269 31/08/12 n/a n/a 177,802 156,615 Wholesale Glass Ltd 31/07/14 n/a n/a 1,104,402 677,236 31/07/13 n/a n/a 882,439 485,473 31/07/12 n/a n/a 610,123 311,943 Jack Rawson Haulage Ltd 31/07/14 n/a n/a 1,371,620 476,887 31/07/13 n/a n/a 1,246,279 284,282 31/07/12 n/a n/a 1,466,764 234,047 *FREM Group Limited act as the guarantor for FG3 Manufacturing.
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