Sat Nav Ref: S1 2PD 42/52 CHAPEL WALK, HIGH YIELDING RETAIL PARADE IN REGIONAL RETAIL CENTRE INVESTMENT SUMMARY

• Sheffield is the foremost retailing centre within South Yorkshire • The property comprises six units located on Chapel Walk, conveniently located between and Tudor Square • This investment provides the opportunity to purchase a high- yielding parade in a major retailing destination • 74% of income secured to national multiple retailers including Superdrug and Dr.Martens • Long Leasehold

Total Net Income: £46,826 per annum Price: £220,000 Triple Net Initial Yield: 20.75% Low Capital Value: £28.88 psf

2 | Fawcett Mead Retail property expertise Sheffield — 42/52 Chapel Walk A1041 Sheffield is the foremost retailing centre

A19 A1 within South Yorkshire

A663 A628 A580 A616 LOCATION A638 Sheffield is the commercial centre for South Yorkshire and the major retailing destination for the region. The City is located approximately 33 miles south of Leeds, 22 miles west Sheffield of Doncaster, 38 miles east of Manchester and 175 miles north of London.

Communications in Sheffield are excellent. The M1, Junction 4 is located 4.5 A623 A61 A614 miles to the north east providing direct access to Leeds to the North and Nottingham and London to the south. The city has a light railway service A556 A34 called the Supertram, which has 3 main routes within the city centre. A49 A523 A515 A53 The tram network has been undergoing a £32 million upgrade and now A51 A530 A6 connects Sheffield and Rotherham via a direct tram link.

A500 A38 Sheffield Railway Station provides regular trains to London St Pancras, with A52 A610 a travel time of two hours. A60

Sheffield Robin Hood Airport is located approximately 12 miles to the north east of the city, while both Leeds Bradford and Manchester International Airport are located within a one hour drive.

DEMOGRAPHICS

Sheffield has a large primary catchment population of around 637,000, with a large proportion within the 15-24 age band. This is boosted by the presence of two renowned universities within the city, the University of Sheffield and Sheffield Hallam University, which together have a student population in excess of 60,000.

The population is also bolstered by tourism. Tourism is key to the city, with popular attractions in Sheffield including the Winter Gardens, The and the Peak District, with an estimated 20 million visitors to the area on an annual basis.

3 | Fawcett Mead Retail property expertise Sheffield — 42/52 Chapel Walk RETAILING IN SHEFFIELD

Sheffield is an extensive and attractive retailing centre, providing approximately 1.56 million sq ft of retail floor space which serves a primary catchment of 637,000. Prime retailing extends along a linear pitch centred around Fargate.

SITUATION

The property comprises a prominent retail block to the south of Chapel Walk. Chapel Walk provides a popular pedestrianised retail pitch, and serves as the foremost connecting passageway between Fargate and Tudor Square. Tudor Square is home to some of Sheffield’s most popular attractions, including The Crucible Theatre, The Lyceum Theatre and .

M&S Foodall exits onto Chapel Walk, thus vastly increasing pedestrian footfall in the vicinity of the subject property.

DESCRIPTION

The property comprises six purpose built retail units constructed over ground floor only. The properties all benefit from full-height glazed frontage onto Chapel Walk.

4 | Fawcett Mead Retail property expertise Sheffield — 42/52 Chapel Walk TENANCY SCHEDULE TENURE The property is let in accordance with the tenancy schedule below: Long leasehold - expires 2121. Unit Tenant Term (years) Lease start Lease expiry Break Option Rent (pa) Area sq ft 42 Superdrug Stores Plc 10 02/12/2009 01/12/2019 £45,000 1,657 74% of income 44 Michelle Walton 1 13/02/2017 12/08/2018 £12,000 1,220 secured to national 46 Carl Dunne 5 01/06/2017 31/05/2022 01/06/2017 £20,000 1,220 48 Cookshop Clearance Co. Ltd 5 10/07/2013 09/07/2018 £25,000 1,220 multiple retailers 50 Vacant 1,220 52 Airwair International Limited 5 03/06/2015 02/06/2020 03/06/2018 £22,000 1,080 including Superdrug Total £124,000 7,617 and Dr.Martens

The property comprises a total of 7,617 sq ft (NIA). Fawcett Mead have not measured the subject property. All areas have been provided by the vendor.

There is a head rent payable of £77,174 per annum. The total net current income is therefore £46,826 per annum.

5 | Fawcett Mead Retail property expertise Sheffield — 42/52 Chapel Walk Sheffield - Central

EPC

An Energy Performance Certificate is available upon request.

VAT

The property has been elected for VAT purposes. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

PROPOSAL

We have been instructed to seek offers in excess of £220,000 (Two Hundred and Twenty Thousand Pounds) subject to contract and exclusive of VAT for our clients leasehold interest in the subject property. A purchase at this level would reflect a net initial yield of 20.75%, assuming purchasers costs of 2.44%.

FURTHER INFORMATION

Jonathan Mills 020 7182 7483 | 07795 333 195 [email protected]

Tom Heptonstall 020 7182 7484 | 07714 255 245 [email protected]

Joe Baio 020 7182 7489 | 07515 889 649 [email protected]

Philip Parsons 020 7543 6891 [email protected]

Tom Hanson 020 7543 6807 [email protected]

Misrepresentation Act: The particulars in this brochure are believed to be correct, but accuracy cannot be guaranteed and they are expressly excluded from any For indicative purposes only. Title plan available upon request. contract. Designed by Graphic Outlines Ltd 2017 SUBJECT TO CONTRACT

Experian Goad Plan Created: 09/03/2017 Created By: Fawcettmead 50 metres

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