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Caldy Valley Retail Park

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Caldy Valley Retail Park CALDY VALLEY ROAD I CHESTER I CH3 5QZ CALDY VALLEY RETAIL PARK WELL SECURED MULTI LET RETAIL WAREHOUSE INVESTMENT OPPORTUNITY A55 NORTH WALES f J12 M53 EXPRESSWAY CALDY VALLEY RETAIL PARK CALDY VALLEY ROAD I CHESTER I CH3 5QZ SAINSBURY’S CALDY VALLEY ROAD INVESTMENT SUMMARY PETROL FILLING • A retail park comprising four well • Car parking ratio of 1:171 STATION configured units adjacent to a substantial Sainsbury’s foodstore and • Total current rent of £424,638 per petrol filling station annum exclusive reflecting a low average rental of £12.10 psf • Strategically located on the south east side of Chester on the A41 city ring • Freehold PREMIER INN road with little immediate competition • Reversionary - next rent review • Affluent catchment population ranking August 2018 19th on PMA Affluence Indicator • Offers in the region of £6,125,000 • Weighted Average Unexpired Lease (Six Million, One Hundred and Twenty BREWERS FAYRE Term (WAULT) of 8.4 years Five Thousand Pounds), Subject to Contract & Exclusive of VAT reflecting • Well secured to Halfords, Pets at a net initial yield of 6.50%, rising to an Home, B&M and Rightway estimated reversionary yield of 6.74%, allowing for usual purchasers costs of • A total area of 35,081 sq ft (3,259 sq m) 6.63% A1 Morpeth A696 A1 Blyth A68 19 NEWCASTLE 20 Ponteland A19 Whitley Bay Tynemouth Gosforth A75 South Shields A69 A69 NEWCASTLE UPON TYNE CARLISLE Gateshead Jarrow A689 44 A68 A1 SUNDERLAND 43 65 Carlisle A963 Washington Consett A692 64 42 Stanley 63 Houghton le Spring A691 A19 A596 62 Durham Peterlee Brandon A167 M6 61 41 A68 Hartlepool Spennymoor A66 Penrith A1(M) Workington 40 Bishop Auckland 60 A19 A689 A689 Appleby-in- Redcar Westmorland 59 Middlesbrough Whitehaven A688 Darlington TEESSIDE 57 Whitby A591 A66 56 A19 A595 38 A685 A172 A171 Northallerton Kendal 37 A1 Scarborough M6 A170 36 A590 A170 Ulverston A165 A590 A65 A168 A19 Ripon 35 Barrow-in-Furness A64 Bridlington Morecambe 34 A683 A61 A1(M) (A166) Heysham Lancaster A614 Knaresborough A165 A166 M6 A65 Harrogate A59 33 A59 Skipton York Ilkley A59 Fleetwood A614 A61 A64 (A163) Otley A6068 A65 LEEDS & Tadcaster A1035 Yeadon BRADFORD A19 Keighley A58 Clitheroe A650 14 Bingley A1079 Beverley A165 Shipley Blackpool 3 32 LEEDS Garforth 4 M55 Selby A614 10 M621 A164 M65 Burnley A63 1 47 A63 38 HULL 43 A1 Accrington A M62 6 10 Preston 4 CALDY VALLEY RETAIL BlackburnPARK 27 1 37 A63 Lytham St Anne's 30 26 Castleford CALDY VALLEY ROAD I CHESTERA59 I CH3 5QZ Halifax Batley 30 M62 9 4 41 Leyland Rawtenstall Brighouse 31 32 A645 36 Goole Darwen 25 Dewsbury 33 34 24 40 Pontefract A58 Wakefield 23 M18 Southport HuddersfieldLOCATION A15 A160 Chorley Rochdale M62 39 M66 22 A62 6 Chester is an attractive Hemswoand affluentrth A638 cathedral city located in the Thorne Immingham A59 M6 38 M181 Bury North West of England. It has rich history stemming from Roman times A61 M61 2 5 Scunthorpe 5 Grimsby Ormskirk Bolton and it is currently the principle and commercial centre for Cheshire.1 A565 20 38 Skelmersdale A58 ItA629 is located 19M1 miles (31km) south of Liverpool, 40 miles (60km) south M180 2 M180 Cleethorpes Formby Middleton 3 5 18 west of Manchester and 76 miles (122km) north-west of Birmingham. 4 A58 37 Barnsley 4 3 17 The city is also in close proximity to North Wales37 providing access to M58 3 M60 A635 Wigan 15 popular mountain and seaside resorts. Doncaster 14 A670 A46 Kirkby A616 36 36 A628 3 Crosby A580 12 MANCHESTER Chester has excellent road communications with the M56 and 23 9 A159 M53 located within 4 miles35 (6km) of the northern edge of the city Bootle 24 providing direct access to the M6 (Junction 9), linkingA1(M) conveniently to PORT OF A15 M62 8 A16 LIVERPOOL St Helens 7 Manchester and Liverpool Rotherhamrespectively. The A483 connects Chester Wallasey 10 26 A631 21a M60 to Wrexham and central Wales34 to the south1 west and the A55 A631 1 LIVERPOOL A57 Sale 5 1 4 2 34 2 7 Warrington 3 Expressway skirts Chester’s southern33 edge providing access to the A57 Altrincham 32 34 Gainsborough Birkenhead 5 North Wales coast and the ferry port of Holyhead. Louth Cheadle 3 20 6 Holyhead Prestatyn Widnes M56 7 31 SHEFFIELD A57 4 Runcorn MANCHESTER Rhyl 10 INTERNATIONAL M1 Llandudno 11 AIRPORT Worksop Colwyn Bay M53 LIVERPOOL Dronfield Retford A46 JOHN LENNON 12 19 A623 5 Knutsford A16 Conwy AIRPORT DEMOGRAPHICS A156 8 Frodsham A1 9 A556 A537 Staveley 30 A614 Abergele Ellesmere M56 A619 A57 A158 Macclesfield A537 Buxton Categorised as a ‘Regional Centre’ by PMA, Chester serves a very A5 A55 Port 10 A61 Northwich M6 large and affluent primary catchment area of 810,000 people with a 16 Chesterfield A530 shopping population of 324,000. Its extensive catchment extends Bangor A55 Lincoln from EllesmereA619 Port in the north to Wrexham and Nantwich in the 12 A54 A470 A49 A50 south. The city benefits from a diverse retail offer which attracts CHESTER CALDY VALLEY 18 A515 RETAIL PARK shoppers from outside its primary 29catchment area as well as Clay A158 A5 A51 A60 A53 spending from tourists and visitors. A55 Congleton Cross A41 Sandbach 17 Sutton in Mansfield WithinMatlock a 10 minute drive time of the subject property there is a total Ashfield population of 75,566 comprising 33,456 households. Within a driveA617 A494 A534 Leek time of 20 minutes, this catchment increases to 366,497 persons and 28 A15 A483 Crewe Kirkby in draws from key centres such as Ellesmere Port, Deeside, Wrexham Newark- A17 A52 A500 A523 A6 Ashfield 16 and Runcorn. on-Trent A534 Nantwich 27 A5 Wrexham Ripley A6097 The catchmentBelper populationA38 is affluent, containing a significantly above A470 Ashbourne Hucknall A607 A49 average proportion of adults within theEastwood most affluent AB social A46 A52 group as well as social group C1 which is also over-represented. A17 Newcastle-under-Lyme A1121 Boston A525 Car ownership is significantly above average26 with a particularly high A487 A52 Ilkeston A51 15 proportion of 2 car households. Reflecting the demographicNOTTINGHAM profile A50 A1 A52 A5 and spending habits of the catchment population, per capita retail A52 spending levels are above the PROMIS average. A16 A148 A41 A495 Beeston A5 A52 A53 Uttoxeter DERBY 25 Grantham A52 PRIMARY SHOPPING 76,000 WITHIN CATCHMENT A606 A470 Stone A6 Long Eaton A516 A494 CATCHMENT POPULATION 10 MIN DRIVE POPULATION A17 A15 A51 Oswestry A453 A607 OF 810,000 OF 324,000 OF SITE IS A518AFFLUENT A50 EAST 24 A148 A442 A41 MIDLANDS 14 Burton upon A151 A53 Trent Spalding A49 Staord King's Loughborough Melton A17 A515 M1 Lynn M6 Mowbray SAUGHALL ROAD OUT OF LIVERPOOL Greyhound Retail Park ROAD Phase 2 Deva Retail Centre 80,097 sq ft A56 185,889 sq ft HOOLE Carpetright, Dunelm, DFS, Bulky Goods A540 HOOLE TOWN RETAIL Magnet, Currys PC World, Centurion Point ROAD John Lewis Furniture Village 29,275 sq ft Open A1 non-food Greyhound Retail Park Laura Ashley, Multiyork, HOOLE PROVISION Phase 1 Chester Retail Park Majestic Wine, Carphone Warehouse, LANE 119,119 sq ft 149,582 sq ft Rileys Snooker Hall Park A1 / Part Bulky Goods Part A1 / Part Bulky Goods A41 Retail warehouse supply in Chester is PC World, Next, Argos Homebase, TK Maxx, Toys R Us, Tarvin Road RING Tesco Homeplus, Mothercare 38,168 sq ft ROAD estimated at 2,539,000 sq ft (235,881 sq m). Aldi, Home Bargains and A548 Chester The majority of the retail warehousing provision SEALAND Rail Carpet Factory (sub tenant) ROAD is concentrated to the west of the city centre A548 A51 consisting of three retail parks. VICARS VICARS CROSS CROSS ROAD A5480 BUMPERS Greyhound Retail Park is the largest within the LANE CHESTER A51 CHESTER catchment and is located approximately one Sealand Road CATHEDRAL BOUGHTON mile west of the Chester City Centre. Most 186,466 sq ft EASTGATE & B&Q, Wickes EASTGATE CLOCK of its occupiers are traditionally bulky goods A5115 CHRISTLETON operators with the notable exceptions of John ROAD CHESTER Stadium Way Lewis, Asda, Boots, Argos and Next. Chester FOOTBALL CLUB 38,327 sq ft A548 Retail Park offers a selection of discount Matalan, Staples B5130 stores such as Maplin, Hobbycraft, Poundland CHESTER GOLF CLUB CHESTER and Mothercare, Sports Direct, TK Maxx and RACECOURSE BOUGHTON GREAT HEATH Outfit. Restaurants serving the retail park are PARK & RIDE CHESTER CASTLE BOUGHTON McDonalds and Pizza Hut. Deva Retail Centre is AGRICOLA TOWER MERCURE CHESTER a bulky goods retail park with tenants such as & CASTLE WALLS ABBOTS WELL Currys/PC World Megastore, Harveys, Furniture CALDY St David's Retail Park A55 Poundstretcher, CALDY VALLEY VALLEY ROAD Village and Magnet. NORTH A41 Farmfoods WALES RETAIL PARK EXPRESSWAY Also within Chester, is St David’s Retail Park 35,081 sq ft located in Saltney, to the south west of the city Pets at Home, Halfords, A5104 centre; this small development accommodates WEST CHESHIRE B&M, Rightway Poundstretcher Extra, Able World and COLLEGE CAMPUS Farmfoods. A cluster of three small stores is situated on Tarvin Road; these are occupied by Broughton Shopping Park 224,999SALTNEY sq ft WESTMINSTER PARK A483 Aldi, Home Bargains and The Carpet Factory. A1 line up CRICKET CLUB Boots, River Island SITUATION Caldy Valley Retail Park occupies a prominent, highly accessible position to the south east of Chester city centre. It is strategically located adjacent to the A41 ring road and close to its junction with the A55 North Wales Expressway. The park is located approximately 3 miles (5 km) from the city centre and lies directly adjacent to a 72,500 sq ft (6,735 sq m) Sainsbury’s food store and petrol filling station (not within the ownership) and close to a Premier Inn and Brewers Fayre restaurant.
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