REVERSIONARY SERVICE AREA INVESTMENT LET TO MOTO HOSPITALITY LIMITED Scotch Corner Service Area, A1/A66, Middleton Tyas, North Yorkshire, DL10 6NT The A1 upgrade to motorway standard of the Leeming to Barton stretch The A1 Leeming upgrade to motorway standard of the of Q1 2014. has been approved with forecast commencement £1,500,000 (One Million Five are invited in the region of Offers than later no received to be Thousand Pounds) Hundred 11 September 2013. Wednesday • • Rarely available reversionary freehold service area investment ; available reversionary freehold service area Rarely road location with average daily passing strategic motorway/trunk Highly 2012); traffic flows of well over 50,000 (DfT, Approximately 23½ years unexpired at a fixed peppercorn rent; improvements carried out by tenant including an extension Recent housing an M & S unit and there are consented plans for a Greggs’ unit. INVESTMENT SUMMARY INVESTMENT • • • •
REVERSIONARY SERVICE AREA INVESTMENT LET TO MOTO HOSPITALITY LIMITED Scotch Corner Service Area, A1/A66 Middleton Tyas, North Yorkshire, DL10 6NT REVERSIONARY SERVICE AREA INVESTMENT LET TO MOTO HOSPITALITY LIMITED Scotch Corner Service Area, A1/A66 Middleton Tyas, North Yorkshire, DL10 6NT DESCRIPTION car The property hotel, Travelodge comprises the Moto amenity building, together with three areas, of parcels landscaping and circulation parking, measured area internal of has a total The building land. surrounding back office (excluding feet) square metressquare (12,788 1,188 approximately The service freezers). area 3.61 of a site area occupies demised as walk-in and a further plots land total the and surrounding acres) 6.66 hectares (8.92 acres). hectares (16.45 offers theInternally amenity Burger King building WH and Costa, Smith M & S, amusements seating, together with communal operatedunits, under franchise, extension with an the to 2010 in The introduced M & S was facilities. WC and construct to a further 2012 in granted was consent planning and building external trade understand we to Greggs. as intend which from Moto would unit 1:175000 2013. All rights reserved. Plotted Scale - - Scale Plotted reserved. 2013. rights All
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The service green with advance a trunk road areadesignation, retains motorway to the upgrading directions.standard However of all from signage stretch Barton Leeming from to has been a as announced 12-mile the final prioritykey Preliminary works Agency. underway the already Highways are for with a forecast construction start early of 2014. The property located is the on north-eastern the of grade separated quadrant otherwise an in Tyas, Middleton of the village to adjacent roundabout, Inn a Holiday is the roundabout of the side opposite rural setting.largely To units. commercial various and centre, with leisure LOCATION LOCATION CornerScotch Service Area the located A1 junction of is on the roundabout theand A66(T) north miles four Newcastle. of south Catterick of miles 42 and the west to 50 miles the is via the A66 south Leeds to and Penrith miles 55 is The has been long location road. regarded link as A1/M1 and thevia A1(M) driversa Scotland from the for and and Northeast to watering hole’ ‘natural of England. opportumities gement / ana sset M A development opportunity excellent an consider We exists to a long-term investor for the reversionary active for acquire management with the potential freehold, together with the theprior lease by tenant tenant to Recent additions expiry. extension the an M & S unit house to included have the amenityto building the to has been standalone a new consent unit for granted planning and franchise. Greggs’ their house that will the of building front It should also be noted by the prospective purchaser that the A1(M) upgrade be the noted prospective by It also that should the purchaser A1(M) Access Local a new the includes thescheme to field Road being through routed theservice of south Orders The formal compulsoryto area. due are acquisition extract but an available. is drawing scheme the relevant of be late 2013 issued in possession offered is the of the southwest to Vacant plot quadrant a third on roundabout.
Details enancy T The property Moto Hospitality to let a 50-year on is repairing Limited full at a fixed peppercorn with a rent, lease April from insuring and 1987 terms Maysupplementary in similar on lease later land granted the hotel of Service that the operators such included the are of obligations charge 2001. service parts. expenditure on common maintenance area all pay for 2004 November in at a premium, granted, was the hotel of A sublease two of Additionally, March 2037. in expire to Limited Hotels Travelodge to freeholdthe Business three plots land subject are a Farm surrounding to request. upon available is which of a copy Tenancy, The property leases held registered is subject a right various and to freehold, separately owned. is station which petrol filling the adjoining of favour in way of TENURE
REVERSIONARY SERVICE AREA INVESTMENT LET TO MOTO HOSPITALITY LIMITED Scotch Corner Service Area, A1/A66 Middleton Tyas, North Yorkshire, DL10 6NT REVERSIONARY SERVICE AREA INVESTMENT LET TO MOTO HOSPITALITY LIMITED Scotch Corner Service Area, A1/A66 Middleton Tyas, North Yorkshire, DL10 6NT
£m 848 (64) 1.047.5 29/12/2010
£m 738 864 (48) ormation 28/12/2011 f n I Total AssetsTotal Pre-tax Profit Total Revenue Total Accounts Summary ovenant Moto Holdings Limited has a rating of ‘Below has a rating of Risk’ Limited Moto Average Holdings of a score and Experian80. Reports Full Statement 2011 Credit its of Financial a copy and are available on request. C Limited, Moto Holdings of company Moto Hospitality group a is Limited the Moto Macquarie a consortiumowned by Group. investors including of motorway trunk and has road 59 servicecurrently the across area locations Burger WHUK Smith, Costa, its offerand S, M & franchised includes now King Greggs. and Average Moto Hospitality Experian has an Limited ‘Above of Rating Credit Risk’ A very ScoreDelphi a 45. brief and of summary recent years’ of follows: as is accounts , that the scope or basis is restricted to the basis . EPC
These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. or Lessees, to intending Purchasers These particulars are set out as a general outline only for guidance themselves by inspection should not rely on them as statements or representations of fact, but must satisfy or Third Parties Lessees Details are given without any responsibility and any intending Purchasers, or otherwise as to the correctness of each of them. any representation or warranty whatsoever in relation to this property No person in the employment of CBRE has any authority to make Unless otherwise stated, all priced and rents are quoted exclusive of VAT. in accordance with CBRE’s terms of engagement in preparation for Please note that unless explicitly stated otherwise, any advice contained within this report relating to the value of property is provided internal purposes only or during negotiations, or in connection with agency or brokerage work, on the understanding that it will be used for the recipients can accept any liability to the recipient, nor third parties, who may seek to set out in this report or CBRE’s terms of engagement and will not be relied upon by third parties. Neither CBRE nor the author rely upon this advice for other purposes CBRE Limited on its behalf and for the Vendors or Lessors of this property whose Agent it is, give notice that: of this property whose Agent or Lessors CBRE Limited on its behalf and for the Vendors 1. 2. 3. 4. 5. August 2013 Richard Syers t: +44(0)113 394 8824 e: [email protected] ontact roposal e: [email protected] t: +44(0)113 394 8864 CBRE Limited Square Toronto Street Toronto LS1 2HJ Leeds C please contact further information For & Automotive Team: CBRE’s Petroleum Alastair Coates We are instructed by Esso Petroleum Company Limited Company Limited by Esso Petroleum are instructed We in its sale clauses a number of mandatory which has of which will be provided within contract, a summary which are available upon request. information packs will be provided to the purchaser, Environmental reports joint addressee on completion. who will become in the region of £1,500,000 Offers are invited , Hundred Thousand Pounds) (One Million Five and exclusive of VAT. subject to contract VAT be price. charged the on purchase will VAT P
REVERSIONARY SERVICE AREA INVESTMENT LET TO MOTO HOSPITALITY LIMITED Scotch Corner Service Area, A1/A66 Middleton Tyas, North Yorkshire, DL10 6NT