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Neasham Road Retail Centre Darlington Dl1 4Pf Nr Open A1 Retail Park Investment Nr Nr Darlington Town Centre

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Neasham Road Retail Centre Darlington Dl1 4Pf Nr Open A1 Retail Park Investment Nr Nr Darlington Town Centre NEASHAM ROAD RETAIL CENTRE DARLINGTON DL1 4PF NR OPEN A1 RETAIL PARK INVESTMENT NR NR DARLINGTON TOWN CENTRE DARLINGTON TRAIN STATION PERSIMMON HOMES DEVELOPMENT THE PREVIOUS PLANNING APPLICATION HAS NOW LAPSED FOR A RETAIL TERRACE OF 5 UNITS TOTALLING 3,600 SQ FT PLANNING CONSENT FOR 2 UNITS TOTALLING 2,300 SQ FT For indicative purposes only. INVESTMENT CONSIDERATIONS ■ Darlington is a large market town in County ■ Predominantly Open A1 (including food) retail ■ Planning consent for two additional retail units Durham planning consent totalling 2,300 sq ft (split 50:50) with A1, A2, A3 ■ Well located purpose built Retail Park a short ■ 92% let to the national covenants of Matalan, and A5 consent walk from the town centre Farmfoods, Ladbrokes and Asda (long leasehold) ■ Offers sought in excess of £8,480,000 ■ Adjacent to Darlington Train Station ■ Total rent of £755,280 per annum averaging (Eight Million Four Hundred and Eighty Thousand Pounds) subject to contract and ■ Over 180,000 people live within a 20 minute £13.19 psf exclusive of VAT. A purchase at this level drive time catchment of the town ■ W A U L T o f7.65 years reflects an attractive net initial yield of ■ Freehold ■ Asset management opportunities include 8.35% assuming usual purchaser’s costs. ■ Total floor area of 67,444 sq ft re-letting the vacant unit, lease restructuring and further development T E E R T S WILLIAM STREET S D S O R R L C L E N D Y EN E M W AR M K H S TRE E ET S S O E ABERDEEN R O A d D a o HE HAUGHTON R NR Y S h T LE SKERNE t r o N T 7 S 6 D WHE 1 N SSOE U R A O OAD STT DM E L E BRINK C E BURN N Y ROA IA D L T A L E B R O NNS A N T R ERR OM A A CE I W C A T E Y E T E E R E T R ALBERT S T R OA S D D N NORTH ROAD EL S O I T A F S H T L R O I I I P O DUNDEE A C W EET E N L F R EES ST T E URT V S O R E W L O AN PERTH N A D D S A6 N L T O RE R A E T T N MCN H E AY STR 8 C EET OTE TERRACE WIDDOWFIELD ST M80 EDINBURGH M9 G R E M73 E H N E M8 T M B R OU A GLASGOW O N T B6279 B6279 N N R ORA O K CORP TION A ROAD T D E R E E M77 O A R A S M74 T D NEASHAM ROAD O S N Y R E RETAIL CENTRE O L L A A D MC DARLINGTON DL1 4PF RETAIL WAREHOUSEV INVESTMENT OPPORTUNITY M NR U L L E CHESNUT ST N R 9 O 7 A 2 D 6 B 7 6 1 A GLADSTONE STREET NEWCASTLE LOCATION UPON TYNE S 8 E G A6 C A69 G A I S LL ST L R SSE RU T A6 A P R A 8 1 U 6 S N 7 Darlington is located within the County of Durham O F N H A O M SUNDERLAND P in the north-east of England. The town is situated E Carlisle A68 E E Durham R F R approximately 16 miles to the west of Middlesbrough A19 O A EAST ST D A1(M) N and 37 miles south of Newcastle-upon-Tyne. H MIDDLESBROUGH O TOWN T K S U R NSWIC D BRU N T CENTRE E H T Darlington benefits from excellent road and rail D E DARLINGTON A A66 R N A66 G H S R A171 G L D E connections being located approximately 2 miles from J57 DurhamTees Valley UKE ST U L O A N International Airport A A6 R ROAD N Y N O BE R S AB I B E T C and J58 of the A1(M) providing access to Newcastle Upon A19 K TU A B OW H WELL R A1 S N M6 F H I W Tyne to the north, Doncaster and London to the south. E R O O i v L A61 DARLINGTON R e P D A170 r E E S B k 7 6 S e 2 R r 6 8 The A66, 1 mile to the south of Darlington provides T n 0 O e 1 A A A165 S A65 A64 D E C HOUN access to Middlesbrough to the east and Cumbria and S D G AM A AT CE O E H A R U L L R D D the M6 to the west. R E 280 R 6 A166 E B P A59 T E YARM ROAD F E H IF E T L G F A1(M) C K YORK S N E N R CO A V Darlington Railway Station provides direct services to R A A Y A629 G AR P E M Blackpool A164 RO LEEDS A63 R AD DARLINGTON M55 G Middlesbrough, Newcastle and London Kings Cross with R EASTBOURNE M65 A RETAIL PARK approximate journey times of 26 minutes, 28 minutes HULL A167 H M62 and 2 hours 20 minutes respectively. M62 Scunthorpe d A1 a o VIC R TOR fe IA R if OAD cl M58 M18 is Y Durham Tees Valley International airport lies n Sainsbury’s ARN M60 M1 o ROA C ROAD D 7 Superstore OURNE 6 EASTB approximately 8 miles to the east of the town centre. LIVERPOOL A MANCHESTER A1(M) DARLINGTON N D M53 E M62 A A A1 E S SHEFFIELD O N H R A A Lincoln N L M O K R T R O Buxton F I A A L D M1 P Newark-on-trent C M6 SITUATION M54 SMITHFIELD ROA M6 Toll A47 NORWICH The property is prominently positioned onD Neasham Road in a M42 predominantly residential area. Neasham road is a main arterial 7 6 1 A road connecting the B6280 Yarm road to the north to the A66 to A1(M) BIRMINGHAM A14 M5 M6 A11 the south. M42 A43 Neasham Road Retail Centre is situated a 5 minute walk from Northampton WORCESTER STRATFORD A428 Darlington train station and a 10 minute walk from Darlington UPON-AVON A1 CAMBRIDGE town centre. A11 PAR KS M40 IPSWICH IDE M50 MILTON M1 BEDFORD P KEYNES M11 A RKSIDE A1(M) CHELTENHAM LUTON GLOUCESTER M5 OXFORD M25 M40 M25 SWANSEA M48 Swindon M4 Reading CARDIFF M4 BRISTOL LONDON BATH M2 M3 M20 M23 DOVER A66 M5 M27 A23 southamptonM27 A66 BRIGHTON A66 PORTSMOUTH EXETER A66 PLYMOUTH NEASHAM ROAD RETAIL CENTRE DARLINGTON DL1 4PF RETAIL WAREHOUSE INVESTMENT OPPORTUNITY NR Darlington, DL1 4PF 47.2m 5 5 2 y Surger 18 6 SE 3 7 O L 6 6 C 1 o 5 1 t Y 57 EB PL BANK TOP AP 2 6 7 2 7 2 9 t o 3 9 6 9 5 1 1 5 o t 1 4 7 1 47.2m 7 5 DESCRIPTION SITE AREA 7 7 The property comprises five retail units extending to 67,444 sqft GIA. The units are of steel The property has a site area of Shelter portal frame construction with brick elevations. Servicing is to the rear. 4.88 acres (1.976 ha) providing 8 Internally all units are fitted out to the individual tenant’s specification. a low site cover of 32%. 1 There are approximately 323 car parking spaces providing an attractive ratio of 1:208 sqft. 46.9m TENURE IN NEGOTIATIONS TCB PLANNING Freehold. Units 1 and 2 Unit 4 Open A1. Open A1 - restricted to the sale of food and LB drink for consumption off the premises. El Sub Sta Unit 3 El Sub Sta Open A1 - restricted to the sale Unit 5 of food and drink for consumption Open A1 - restricted to video sales and rentals off the premises. or to a betting shop within Class A2. 2 0 1 46.9m 6 0 2 1 4 2 3 16 33 44 30 ET D STRE 5 EONAR 4 L 8 0 1 1 1 3 MEWS P 2 O 9 BANK ©T Crown Copyright, ES 100004106. For identification purposes only. 3 1 3 0 ASDA unit sold off on Long Leasehold. 5 4 5 5 0 2 1 2 9 2 0m 10m 20m 30m 1 1 15 22 32 REET 2 T 1 N S WALTO 4 2 0 1 Ordnance Survey © Crown Copyright 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:1424 NEASHAM ROAD RETAIL CENTRE DARLINGTON DL1 4PF RETAIL WAREHOUSE INVESTMENT OPPORTUNITY NR TENANCY SCHEDULE Unit Tenant Area (sq ft) Area (sq m) Lease Start Lease Expiry Next Review Rent (pa) Rent (psf) Comment 1 Matalan Retail Ltd 46,124 4,285 01/07/2002 30/06/2027 01/06/2017 £600,000 £13.01 2 Vacant 4,340 403 £52,080 £12.00 Former Poundworld unit, which they vacated in August 2018. Interest from 2 occupiers with further details upon request. Vendor to provide 18 months rent, rates and service charge guarantee. 3 Farmfoods Limited 4,800 446 27/08/2004 26/08/2024 01/06/2019 £61,200 £12.75 4 Asda Stores Limited 10,180 946 08/09/2004 07/09/2129 £0 £0 Ladbrokes Betting and Gaming 5 2,000 186 10/09/2004 09/09/2019 £28,000 £14.00 Limited ATM Cardtronics UK Limited 01/01/2017 31/12/2020 £14,000 Total 67,444 6,266 £755,280 £13.19* *Not inclusive of unit 4.
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