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Modern Well Let Industrial / Warehouse Opportunity Wirral International Business Park Bromborough, Wirral, Ch62 3Qs

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Modern Well Let Industrial / Warehouse Opportunity Wirral International Business Park Bromborough, Wirral, Ch62 3Qs WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS MODERN WELL LET INDUSTRIAL / WAREHOUSE OPPORTUNITY WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS INVESTMENT SUMMARY • Modern well let industrial warehouse opportunity. • Excellent location on Wirral International Business Park with good strategic transport communications • A detached industrial warehouse constructed to an excellent specification • The property provides 14,650 sq ft of accommodation. • Let to the established covenant of Mulberry Web Limited on a new 10 year lease from 30th November 2018 (subject to an option to break in year 5). • Passing rent of £75,356 pa (£5.14 per sq ft). • Freehold • Seeking offers in excess of £1,020,000 (One Million and Twenty Thousand Pounds), subject to contract and exclusive of VAT. • This represents an attractive net initial yield of 7.00% assuming standard purchaser’s costs of 5.77%. 14 WIRRAL INTERNATIONAL BUSINESS13 PARK A587 BROMBOROUGH,A59 WIRRAL, CH6212 3QS A583 M55 32 A671 3 1 4 M6 11 A59 10 A6 M65 9 A583 A666 8 BLACKPOOL 31 7 A584 PRESTON 6 BLACKBURN A646 30 5 A53 A59 29 A646 29 4 HALIFAX 1 3 A56 LOCATION A582 28 M65 Bromborough is one of the principal commercial centres on The Wirral Peninsula, strategically located 6 A565 A644 A565 8 miles west of Liverpool City Centre, 13 miles north of Chester and 2 miles south of Birkenhead. A666 SOUTHPORT HUDDERSFIELD The town has an urban population of 323,000 people and benefits from excellent transport infrastructure A59 1 A58 being close to Junction 5 of the M53 motorway, linking to the M56 and M6 motorways. Furthermore, the M66 Kingsway and Queensway tunnels provide easy access to Liverpool City Centre. M6 M62 A629 21 A5029 M61 BOLTON A58 27 2 The Wirral has been successful in attracting a range of high quality investment from the commercial, 20 3 industrial and distribution sectors involved in food production, pharmaceuticals, biomedical, low carbon ORMSKIRK 6 19 A565 A570 A58 and engineering. The increased growth and importance of the area has been due to a number of factors M58 WIGAN 5 4 including: 3 4 19 OLDHAM 5 26 3 17 20 16 21 A576 22 • The number of major international occupiers in the area including Vauxhall Motors, Jaguar Land Rover, 1 25 A627 Nestle, Regatta and Essar Energy amongst others. 7 A580 PORT OF M6 24 12 LIVERPOOL M57 1 3 A6010 23 A628 6 A580 11 • The growth of the area as a major satellite location to Liverpool. 23 4 10 ST HELENS M62 MANCHESTER 24 3 • The commercial success of schemes such as Cheshire Oaks Outlet Village at junction 10 of the M53 with 3 A5058 22 A6 its associated retail, office and leisure occupiers. 2 11 10 6 25 M62 21A A34 26 1 9 5 27 5 6 7 • The availability of a large, low cost and skilled labour force. 1 A56 4 2 2 21 3 2 1 3 WARRINGTON A5300 4 M60 • The excellent communications by rail, road, air (Liverpool Airport / Manchester Airport) and sea, providing 3 LIVERPOOL 5 A561 20 8 6 MANCHESTER access to domestic and global markets A56 7 AIRPORT A6 M53 LIVERPOOL 9 LLANDUDNO 4 JOHN LENNON WIDNES AIRPORT 10 • The Birkenhead Docks, which combined with the Port of Liverpool provides the major maritime gateway A557 RHYL 11 A523 on the West Coast of the UK, serving the country’s strongest cargoCOL generatingWYN BAY region outside of London. BROMBOROUGH RIVER MERSEY A34 12 M6 19 5 6 The Port of Liverpool has been further advanced by the completion of the Liverpool2 containerRHUDDLAN port, 7 8 A533 A623 doubling the handling capacity at the port. A55 A55 9 M56 A537 HOLYWELL A556 A548 ST. ASAPH A548 10 14 A49 A537 11 A537 A473 A5026 FLINT A548 15 MACCLESFIELD A6 A525 A41 A548 A5117 A556 A54 A533 A34 12 18 A544 A541 A494 CHESTER A51 A54 DENBIGH A49 A513 A523 A53 CONGLETON A525 A55 TARPORLEY A541 17 A530 A494 A41 A50 A51 A34 A534 A49 M6 A527 CREWE A534 A534 A525 A53 WREXHAM 16 A494 A500 A500 A520 A34 A51 STOKE ON-TRENT A525 WHITCHURCH 15 A50 A51 A34 A520 A53 STONE A519 A5013 A518 A51 A34 A41 A519 14 STAFFORD A518 B5405 WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS D A O A4 R H PORT AT E 1 THER N H SUNLIGHT M A B E L R 5 B W O 1 5 A D SITUATION 5 1 C 3 1 H M 6 E O S Wirral International Business Park is one U OAD T N ON R of the region’s most successful business STANT ER T locations, situated on a 336 hectare site R R O O A S between Liverpool and Chester, just off D A T TA A IMS GE R R OAD SPITAL D DI Junction 5 of the M53 motorway. The B B M53 6 STATION 13 5 U business park has proven highly attractive 5 1 M R B 3 7 with both occupiers and investors, with TO O A 4 nearby occupiers including The Mayer LIVERPOOL D Group Limited, Abbey Logistics, Biffa Waste OAD N R TIO Services, Lewis Reed and TSW Engineers. NTA PLA The subject property is situated on Plantation Court, which is centrally located P O within Wirral International Business Park. U L T BROMBOROUGH The A41 (New Chester Road) is situated a O N short distance to the west of the property 6 R 3 O A 1 A L which provides direct access to junction 5 5 D L A P B O 4 of the M53 motorway. R 1 T N L Furthermore, the highly successful M53 A E N W E Croft Retail and Leisure Park is situated C H just a short distance from the property, E providing over half-a-million square feet of BROMBOROUGH S RABY MERE STATION T E accommodation, with occupiers including R P L R M&S Foodhall, The Range, Dunelm, Currys D Y A M O RO B PC World, McDonalds and Next. L Y R A L A A ID D H R L Y D B E A R L R A O N A E BR D O C K H U R S T A V E N U A E B 4 5 1 13 2 E AK R AM H M53 ST EA 5 M53 A TO 4 1 M56 WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS DESCRIPTION The property comprises a modern detached distribution unit constructed in the early 2000’s to an excellent specification including the following: • Single bay detached distribution unit • Steel portal frame construction • Metal clad elevations (part brick to ground floor offices) • Pitched metal clad roof incorporating translucent roof lights • Eaves height of 6.0m. • Fully lit and heated • Two electric up-and-over loading doors • High quality two storey office accommodation • Additional mezzanine storage • Fully fenced, self-contained site with substantial service yard. • Separate private car park for 21 vehicles. WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS LIVERPOOL BIRKENHEAD CITY CENTRE CAMMELL LAIRD BROMBOROUGH DOCK SELO RIVER MERSEY GREAT BEAR BALFOUR BEATTY NESTLE MAGMA CERAMICS BABY ENGINEERING SUN VALLEY CROFT RETAIL PARK TSW ENGINEERS CSM UK REGAL MEYER GROUP FMC STADIUM ROAD TULIP EINHELL LEWIS REED PLANTATION ROAD ABBEY LOGISTICS INSPIRATIONS WHOLESALE OLD HALL ROAD WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and provides the following floor areas: GROSS INTERNAL AREA LOADING DESCRIPTION DOORS SQ FT SQ M GF WAREHOUSE 10,342 960.84 GF OFFICES 1,965 182.54 GF STORE AND AMENITIES 598 55.51 FF OFFICE 642 59.61 FF MEZZANINE 1,104 102.54 TOTAL 14,650 1,364.04 SITE The site extends to approximately 0.681 acres (0.275 ha) providing a site cover of 43% on the ground floor accommodation. PRE TENANT OCCUPATION AREA SHADED PALE BLUE SOLD ON A 999 YEAR LEASE. FOR INDICATIVE PURPOSES ONLY WIRRAL INTERNATIONAL BUSINESS PARK BROMBOROUGH, WIRRAL, CH62 3QS TENANCY TENANT INFORMATION The property is let to Mulberry Web Limited for a term of 10 years from 30th November 2018, subject to a Mulberry Web Limited are a wholesale distributor of sign vinyl and supplies for sign makers & garment printers. The company operates tenant break option on 30th November 2023. out of nine showrooms and trade counters across the UK, however the company originated on the Wirral and their Head Office is on nearby Lumina Park. It is understood that this property is used for assembly and finishing. • Passing rent of £75,356 per annum (£5.14 per sq ft) • Rent review in year 5 to OMR Mulberry Web Ltd (company number 04101904) have a Dun & Bradstreet Rating of 2A1. The company reported the following accounts: • The lease is drafted on full repairing and insuring terms 30/11/2017 30/11/2016 30/11/2015 The tenant benefits from a rent incentive equivalent to 5 months rent free. This is taken as a reduced rent 12 Month 12 Month 12 Months of £69,076 pa for the first 5 years of the term, which will be topped up by the vendor. NET CURRENT ASSETS £2,318,533 £1,215,936 £709,377 Unit 2 Plantation Park is let to The Scopecode Executive Pension Scheme on a 999 year lease from TANGIBLE NET WORTH £2,604,130 £1,370,685 £772,712 December 2002, subject to a peppercorn rent. The tenant is to pay a fair proportion of any common costs associated with the Estate.
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