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Unit 10 Foundry Business Park Ordsall Lane Salford Manchester M5 3AN

A LAST MILE INVESTMENT OPPORTUNITY II SALFORD .02 MANCHESTER M5 3AN

Investment M602 Summary

TRAFFORD PARK • The property comprises a 2018 build warehouse unit extending to 3,691 sq.ft. MEDIA CITY • Genuine ‘Last Mile’ asset within 1 mile of and Manchester THE QUAYS City Centre

A5081 • Deliveroo ‘delivery kitchen’ concept ANCHORAGE MANCHESTER UNITED supporting residents and businesses in FOOTBALL GROUND SALFORD QUAYS the UK’s second city. • The entire property is let to Deliveroo SP Limited (t/a Deliveroo), by way of a 10 TRAFFORD ROAD ORDSALL year FRI lease (no break) from 10 August EXCHANGE QUAY A5063 2018 (7 years unbroken income) TRAM STOP • The lease is guaranteed by Roofoods Ltd, A56 EXCHANGE QUAY PURE GYM ORDSALL PARK 5A1 Dun & Bradstreet rated covenant. • Deliveroo recently listed on the London A5066 Stock Exchange – Market Cap £4.5 billion TALK TALK • Rent passing £35,000 per annum OLD TRAFFORD (low rent of £9.48 psf)

A56 ORDSALL LANE • The lease incorporates an upward only CHESTER ROAD rent review in 2023 linked to RPI (1% - 3% pa) • Long Leasehold - ground rent of £750 pa

A5014 Offers in excess of£650,000 (Six Hundred and Fifty Thousand Pounds) subject to CHESTER ROAD contract and exclusive of VAT. A purchase at this level reflects an attractiveNet Initial Yield of 5.00% and a Reversionary Yield (2023) of 5.80%* (assuming full A56 purchaser’s costs of 5.22%) TO *assumes RPI growth of 3% pa. A5067 CHESTER ROAD III 18 SALFORD .03 19 Middleton MANCHESTER M60 M5 3AN M61 Oldham 14 Prestwich A576 22 A627 A56

A580 Failsworth M60 Location A576 A62 Situation 12 2 Salford M62 M602 Manchester 23 Manchester/Salford Quays 3 The economy has been significantly Foundry business park occupies a A5063 A635 enhanced by MediaCity:UK, a £650m, 36-acre scheme located prominent position in Salford Quays, Manchester is the commercial and administrative capital M60 A57 in the heart of Salford Quays within 1 km of the property and an established office, commercial, of the North West of and the third largest city 9 A56 24 M67 designed to provide the creative and digital industries with a residential and leisure location within in England, with an estimated primary catchment Stretford purpose built working and living environment. MediaCity:UK 1 mile of Salford Quays and Manchester population of over 2.23 million. Manchester is one of A6010 7 A6 is home to BBC North; ITV; Coronation Street; SIS Live; the City Centre. It is an idea ‘Last mile’ Europe’s most dynamic cities and is considered England’s A5103 Burnage University of Salford; dock10; Bupa; Lowry Outlet Mall (5 million location for Deliveroo. Ordsall Lane largest corporate, financial and media centre outside of Sale 25 A560 shoppers each year) and over 250 innovative businesses. The A56 A34 is currently witnessing a residential London, with 80 members of the FTSE based in the city, 5 Bredbury 1 scheme also features one of the biggest HD studio complexes development boom with ForLiving’s Stockport Salford Quays is a major waterside urban area situated on M60 in Europe together with approximately 400 apartments, 394-unit apartment scheme now 3 a 126-acre site 1 mile south west of Manchester City a hotel and a range of bars and restaurants. The BBC is one of under way and due to complete Centre. The success of Salford Quays is underlined by the Altrincham Cheadle MediaCity:UK’s anchor tenants and relocated five departments A6 Hazel in 2023. diversity and quality of the office occupiers who have been Grove to the scheme in 2011. In total, approximately 1,500 London attracted to the area including the BBC, ITV, Bupa, Talk A56 based BBC posts have relocated to the area and it is estimated A34 Talk, RBS, Sage Software, Erikson, Cornhill Insurance, Manchester that the development will create up to 15,000 jobs when M56 Airport A523 Japan Tabaco, Marks & Spencer and Avis. complete, adding approximately £1bn to regional economy.

A57 3

WATER STREET A5066 DEANSGATE REGENT ROAD A6042

BROADWAY A57 MANCHESTER CITY CENTRE

ORDSALL A5066 A635(M) MEDIA CITY TRAFFORD ROAD DEANSGATE RAILWAY A56 STATION A5063 ORDSALL LANE ORDSALL PARK A56 MEDIACITY:UK A57(M) CHESTER ROAD SALFORD QUAYS RIVER IRWELL A5067 CHORLTON ROAD

A5066 EXCHANGE QUAY A5014 A5067

A56 CHESTER ROAD WHARFSIDE ROAD Manchester’s city centre

A5081 STRETFORD ROAD population is expected to HULME OLD A5067 hit 100,000 within 3 years TRAFFORD A56 III SALFORD .04 MANCHESTER M5 3AN

Description Tenancy Proposal Offers in excess of Foundry is a recently developed ‘last mile’ The entire property is let to Deliveroo SP Limited (t/a Deliveroo), £650,000 (Six Hundred industrial estate set within an attractive by way of a 10 year FRI lease (no break) from 10 August 2018 (7 and Fifty Thousand Pounds) subject to waterside location directly opposite the years unbroken income). The lease is guaranteed by Roofoods contract and exclusive of VAT. A purchase Grade 1 Listed Ordsall Hall on the eastern Ltd, 5A1 Dun & Bradstreet rated covenant. Rent passing £35,000 at this level reflects an attractiveNet edge of Salford Quays. The property per annum (low rent of £9.48 psf). The lease incorporates an Initial Yield of 5.00% and a Reversionary comprises a modern warehouse unit upward only rent review in 2023 linked to RPI (1% - 3% pa). Yield (2023) of 5.80%* (assuming full extending to a 3,691 sq.ft. purchaser’s costs of 5.22%) Covenant *assumes RPI growth of 3% pa. Tenure Deliveroo is a online food company and is engaged in delivering Long leasehold expiring on the 25th food. They are a hyperlocal three-sided marketplace that October 2264 at a rent of £750 per annum, connects local consumers, restaurants and grocers, and riders which is reviewed in line with RPI on to fulfil a purchase in under 30 minutes. It has a diverse base Further information a 5 yearly, upward only basis. of approximately 115,000 restaurant and grocery partners. One thing that sets them apart from its competitors is its For further information or to arrange delivery-kitchen concept. Through comprehensive data a viewing, please contact: gathering, it has identified gaps in the market and created Steve Carrick pop-up restaurants in areas where people are not being 34 Million orders were made serviced. Amazon are a key shareholder in the $8 billion [email protected] business. They recently floated on the London Stock Exchange. 0161 806 0455 • 07711 042 584 in Q1 2021, a year on year https://corporate.deliveroo.co.uk increase of 121% EPC An Energy Performance Certificate (EPC) is available upon request.

IMPORTANT NOTICE: These are not an offer or contract, nor part of one. You should not rely on statements by Carrick Real Estate in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its Anti-Money Laundering value. Neither Carrick Real Estate has any authority to make any representations about the property, and accordingly any information In Accordance with Anti‐Money Laundering Regulations, two given is entirely without responsibility on the part of the agents, forms of ID and confirmation of the source of funding will be seller(s) or lessor(s). Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. required from the successful purchaser. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT VAT position relating to the property may change without notice. Carrick Real Estate is a limited company registered in England with The property is elected for VAT. We envisage that the property registered number 10893418. Our registered office is Canada House, 3 Chepstow Street, Manchester, M1 5FW where you may look at a list will be treated as a Transfer of a Going Concern. of members’ names. June 2021 carve-design.co.uk 15103/4