1A VICAR LANE S40 1PY Chesterfield

LONG INCOME PRIME RETAIL INVESTMENT CHESTERFIELD 1A Vicar Lane 02 We have been instructed to seek offers in excess ofexcess been instructed to seek offers in have We ofexclusive £3,075,000, subject to contract and VAT. of an initial yield reflect would this level at A purchase costs of purchaser’s for 8.5%, after allowing 6.46%. – £6M pre-tax profit (y/e Feb 2020) Strong covenant Freehold Low rent of £8.11 psf Low 8 years unexpired to Wilko Limited, a 5A1 tenant Limited, Wilko 8 years unexpired to 100% prime corner position Historic market town providing the gateway to the Peak District Historic to the Peak the gateway market providing town • • • • • • INVESTMENT SUMMARY INVESTMENT CHESTERFIELD 1A Vicar Lane 03 The town is situated on the A61 at its junction with the A617, A617, at its junction with the A61 on the is situated The town and the to the M1 (6 miles to the east) access which provides network. national motorway rail has excellent servicesThe town connections which provide Liverpool Leeds, , Derby, , to London St Pancras, and Manchester. The nearest international airport is located 36 miles to the south.

Chesterfield is an attractiveChesterfield is an located market in Derbyshire town 24 miles northapproximately and 13 miles south of Sheffield. of Derby Chesterfield is centrally and has an estimated retail located in the UK catchment population of 284,064 persons drivetime. within a 20 minute local population are classified in the most 47% of the Approximately with 69% of the catchment economically social group ‘ABC1’ affluent CACI). (Source: active will also benefit from £1Bn of regenerationThe town projects that are use scheme, a £340m mixed Waterside, including Chesterfield planned, and entertainment wellness education, leisure, PEAK – a £400m all year parklanddestination set in 300 acres of reclaimed on the edge of the – a 200 acre distribution logistics hub Vale District and MarkhamPeak attractsThe town visitors 3.76m annual spending at J29A of the M1. Destination (Source: HS2. for £138m and is also on the proposed route Chesterfield). LOCATION & DEMOGRAPHICS & LOCATION

A1121 6

1 A

9 A46 A113 8 7 A1

A15 A1

6

1 A

A15

A605

A46 31 6 A A15 Peterborough Lincoln

A15 A1 A43 A606

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Grantham 11 A5 7 A6

A1

3

9 0 A60 5

A1 6

A15 A1

7

0 A6

2

A5 A606 7

A4 7

31

0 A1 A6 A6 A6 Market Harborough Loughborough 34 Newark-on-Trent Nottingham Leicester 3 A1(M) Mansfield 6 20 M1 3 21 6 1 2 9 1 7 2 23 2 2 4 3 2 M6 2 31 30 25 M1 2 M1 9 8 2 2 1 3 3 34 2 34 35 6 3 3 1 1 EAST MIDLANDS 2 Nuneaton ark Derby CHESTERFIELD M4 Sheffield 6 8 9 Burton

upon Trent 5 eak District Sutton Coldfield Lichfield P National P 6 BIRMINGHAM M6 7 Uttoxeter 8 1 M6(T) 3 fford 10 2 Stockport 3 1 1 Sta Macclesfield 1 12 13 M6 2 4 1 Stoke-on-Trent MANCHESTER M60 15 Dudley 9 MANCHESTER 5 6 BIRMINGHAM M54 6 7 6 1 1 M6 7 4 Wolverhampton 1 18 19 CHESTERFIELD 1A Vicar Lane 04 DESCRIPTION The property arranged comprises storey building ground, a 34,165 sq ft two over The tenant trades from ground and first floors with basement and first floors. primaryThe shop’s entrance is storage. escalator access and uses the basement for the propertyVicar Lane but also has an additional entrance on South Street. on The property Street. from the rear via Beetwell loads SITUATION Vicar Lane Shopping The property occupies a prominent corner adjoining building retailers Nearby include Centre with a returnto South Street. frontage on who lie opposite and have JewellersTH Baker and Costa, The Entertainer, Superdrug, a large seating area which forms point in the pitch. a focal parks centre car main town nearly the two which provide sits between Wilko them. 1,000 spaces between The town has one of the UK’s oldest and largest oldest and open-air has one of the UK’s The town Fridays markets which operates on Market on Mondays, Place, which has been market, The 250 stalls. with over and Saturdays footfall been an influential 800 years has always trading over for driver within the town. The prime retail pitch in the town is located on Vicar Lane, which Vicar Lane, The prime on is located retail pitch in the town pitches Other retail runs shopping centres. the two between and Market Place, include Central Pavement in the town / Low where Marks Spencer and Primark and large stores. have RETAILING IN CHESTERFIELD CHESTERFIELD IN RETAILING shopping two ft of retail and has has 640,000 sq Chesterfield which comprises a Vicar Lane, ‘streetscape’ The open centres. Waterstones with retailers194,000 sq ft centre including H&M, Pavements sq ft covered Island and the 195,000 and River with other retailers Tesco by which is anchored Shopping Centre, and Sports Direct. WH Smith, including Boots, CHESTERFIELD 1A Vicar Lane 05 vided on request July 2016 and expires on 2016 and expires July th July 2021. The tenant pays monthly monthly The tenant pays 2021. July th March 2029 at a current rent of £277,300 per annum, subject to 5 yearly upward March 2029 at a current rent of £277,300 per annum, th The tenant has been open throughout the Covid-19 pandemic and has paid their rent. The tenant has been open throughout the Covid-19 in advance. The lease is subject to a schedule of condition which can be pro The property is let on a FRI lease to Wilko Limited from 14 Wilko The property is let on a FRI lease to TENURE Freehold. TENANCY only reviews to OMV. The next review is on 14 reviews to OMV. only 4 sq ft 8,543 12,718 12,904 34,165 794 sq m 1,182 1,199 3,174 Sales Sales Ancillary Use Ground First Ground Lower TOTAL Floor The passing rent of £277,300 per annum reflects £8.11 per ft². reflects The passing rent of £277,300 per annum ACCOMMODATION ACCOMMODATION the property measured have in accordance with the latest RICS Code We of Measuring Practice our gross internal and set out below: floor areas CHESTERFIELD 1A Vicar Lane 06 £6,305,000 01/02/2020 £82,338,000 £1,428,491,000 Turnover Profit Pre-Tax WorthNet Date of Accounts Wilko did not draw on any banking facilities last banking did not draw on any Wilko and ended the financial periodyear net cash with in the bank of £94.1m. a Dun & Bradstreet credit Limited have Wilko set out the latest We rating risk. of 5A1 / Low accounts below: COVENANT INFORMATION COVENANT in 1930 and has been was founded Wilko The company 90 years. over for in business success since startinghas enjoyed its first Today Leicester. store at Old Charney, Wilko 14,000 is a brandWilko over with 400 stores and has in products in over online. excess of 200,000 products available owned. It remains family has remained Wilko During lockdown, trading as an essential retailer and store performance been buoyant. has NEWCASTLE, NUN STREET NUN NEWCASTLE, 6 yrs. for Wilko Let to £5.9M / 8.35% initial 2020 for Sold November KINGSTON KINGSTON UPON THAMES, 146-152 CLARENCE STREET 2 yrs. for Wilko Let to Sold February £10.8M / 5.98% initial 2020 for BICESTER, 3-4 MARKET SQUARE BICESTER, 5.75 yrs. for Wilko Let to / 7.5% initial £3M at c. Under Offer Wilko investments have been popular throughout been popular throughout have investments Wilko set We sold. 10 with over pandemic the Covid-19 the latest comparable transactions:out below INVESTMENT INVESTMENT COMPARABLES CHESTERFIELD 1A Vicar Lane 07 Created By: Kitchen LaFrenais Morgan : For more information on our products and services Experian Goad Plan Created: 14/04/2021 www.experian.co.uk/goad | [email protected] | 0845 601 6011 www.experian.co.uk/goad | [email protected] AML/ KYC LaunderingAnti-Money legislation the with In order to comply satisfactorypurchaser will be required to provide identification and their agents together with documentation to the vendor proof and source of funds. d Chesterfiel The property an EPC rating has of D (80). The full certificate on can be provided request. EPC 50 metres The property is elected for VAT VAT The property elected for is and the transaction will be treated TOGC. as a VAT Copyright and confidentiality Experian, 2020. © Crown copyright and Copyright and confidentiality Experian, 2020. © Crown database rights 2020. OS 100019885 PRICING We have been instructed to seek offers in excess of £3,075,000, subject to contract and exclusive of VAT. A purchase at this level would reflect an initial yield of8.5% , after allowing for purchaser’s costs of 6.46%. FURTHER INFORMATION

MISREPRESENTATION ACT: KLM Retail, for themselves and for the vendors of this property, whose agents they are, give notice that (i) the particulars and any further information communicated by any Ed Gambarini Rob Dales means to potential purchasers of the property described in the particulars, or their advisers, in connection with the possible sale of the property are provided solely for the purpose of assisting potential purchasers in deciding whether they wish to proceed with further investigation of the property and do not constitute either the whole or any part of an invitation, offer or contract for sale of the property; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct as at the date of the [email protected] [email protected] particulars (or the date of the relevant information if earlier). However, potential purchasers are not entitled to rely on them as statements or representations of fact but should satisfy themselves by searches, enquiries, surveys and inspections or otherwise with regard to the accuracy of such details. No responsibility or liability is or will be accepted by KLM Retail, the vendor(s) of the property or any 07825 689 037 07740 535 395 of their respective subsidiaries, affiliates, directors, officers, representatives, employees, advisors, or agents for any loss or damage suffered by any party, resulting from reliance on the particulars or any other information communicated by any means to that party, or its advisers, in connection with the possible sale of the property. No person in the employment of KLM Retail or the vendor(s) has authority to make or give any representation or warranty, express or implied, in relation to the property. References to KLM Retail include any joint agents acting with KLM Retail. Designed by BRAND+OUTLINES Ltd. 2021