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Cms Business Park Station Lane, Featherstone West Yorkshire, Wf7 6Eq

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Cms Business Park Station Lane, Featherstone West Yorkshire, Wf7 6Eq PRIVATE CLIENT CMS BUSINESS PARK STATION LANE, FEATHERSTONE WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY CMS BUSINESS PARK, STATION LANE, FEATHERSTONE, WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY The Chesney Centre Featherstone Railway Station Woodstock Timber Yard Subject Property Bathrooms 1 Concrete 2 Plant 3 1 Office Accommodation: 7,927 sq ft Distribution Warehouse: 15,605 sq ft 2 8 Industrial Units: 9,958 sq ft 3 Site area of 1.16 acres (0.47 hectares) Site outline for identification purposes only. CMS BUSINESS PARK, STATION LANE, FEATHERSTONE, WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY INVESTMENT CONSIDERATIONS ■ Single let Business Park with approximately 7,927 sq ft ■ The property measures approximately 33,694 sq ft which ■ Freehold of office accommodation, a 15,605 sq ft distribution equates to a very low capital value of £41.55 psf and an ■ We are seeking offers in excess of £1,400,000 warehouse and 8 individual lock up industrial units extremely low passing rent of £3.86 psf (One Million Four Hundred Thousand Pounds) ■ The property will be entirely let to CMS Medical Ltd ■ Well located and established Business and Industrial Park subject to contract and exclusive of VAT. This shows for a term of 15 years (TOB after 10 years) at a passing in West Yorkshire, 7 miles (11 km) west of Wakefield and a net initial yield of 8.75% after allowing for purchaser’s rent of £130,000 pa 15 miles (24 km) North West of Leeds. cost of 6.05%. ■ 5 yearly reviews on RPI basis per annum compounded ■ Featherstone benefits from excellent road communications (2%-4% collar and cap) being located in close proximity to both the M62 and A1 Yo rk Warton s hir e D ale s N Barrow-in Furness at ion al P Morecambe ark Au Lancaster tho rity CMS BUSINESS PARK, STATION LANE, FEATHERSTONE, WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY Harrogate A1(M) Stamford Bridge Ilkley YORK Keighley M6 Leeds/ Bradford Blackpool LEEDS M55 Burnley BRADFORD M1 Blackpool M65 Lytham International Preston M621 Saint Annes Airport BLACKBURN M606 A1(M) HULL Warton Halifax Aerodrome Knottingley Pontefract M62 M62 FEATHERSTONE M6 M66 HUDDERSFIELD M61 Rochdale M1 Wakefield SCUNTHORPE Bolton Humberside M18 M180 M181 Airport GRIMSBY Wigan Barnsley Oldham A1(M) M60 Doncaster MANCHESTER M60 M67 M18 M62 AD GlossopRO H RC A1(M) HU Rotherham L C Glasshoughton Railway M LIVERPOOL O i M6 N n 2 K M62 H c D IL P A L o RO L e D C A Warrington a R U N Gainsborough l O T E n Stockport EF S k L Y ST K s DCA SHEFFIELDE h is R O tr A ir M58 ic D e Manchester t Pontefract Tanshelf N W International a Liverpool t i o o Airport John Lennon 5 n PARK 5 LANE l 6 a d A ACKTON l F Airport P E PONTEFRACT a A s T M53 rk H E Worksop M58 R S T M1 O N E L 3 A 3 E N 1 N 6 E A Buxton B D L A C O A CR L R R O L T L M6 S I C E S A T L M R O EY F E N S N R T Chesterfield O Featherstone O AD R P E E STREETHOUSE T R A EFIELD OAD 6 WAK 3 LINCOLN Streethouse FEATHERSTONE 9 Chester 8 2 6 Hawarden A Airport D A O R A C K H W T O R R O Skegness T W H R K OA C EAST HARDWICK D A D ON CA ST ER RO AD LOCATION SITUATION DESCRIPTION The town of Featherstone is located within the county of West Yorkshire The property is situated on the west side of Station Lane just to the north The property comprises a site of 1.16 acres (0.47 hectares) consisting of office, approximately two miles (3.2 km) south west of Pontefract. According to the of the main town centre in an established business park approximately warehouse and industrial accommodation built in 2004 with a large concrete 2011 census the town has a population of just over 15,200. The town is located a 2 minute walk north of Featherstone train station. The immediate area yard. To the front of the property there is a serviced office measuring approximately in close proximity to Wakefield 7 miles (11 km) to the west, Leeds 15 miles is a mix of residential, office and industrial accommodation and occupiers 7,927 sq ft which fronts onto Station Lane. To the rear of the offices is a 15,605 (24 km) to the north west and Sheffield 30 miles (48 km) to the south. in close proximity include Frontline Bathrooms, Betfred, Upper Crust, sq ft steel portal frame distribution warehouse which benefits from institutional Featherstone benefits from very good communications situated in close Integrated Parking Services and rugby league’s Featherstone Rovers grade eaves heights of approximately 7.2 metres and ridge heights of proximity to the M62 with access via junctions 30, 31 and 32. The A1 is located amongst a number of small businesses and local traders. approximately 9.7 metres. To the rear of the site there are 8 steel portal framed just 4 miles east of the town with access via the M62 linking Scotland to individual industrial starter units with front roller doors, of which 3 are currently the south of England. South of Featherstone the A638 connects the town to sublet to local traders. Wakefield to the north west and Doncaster to the south east. There is a large car park to the front of the site with parking for some 25 cars Featherstone also benefits from its own train station which runs regular and access to the entire property is via Station Lane. For delivery access there direct services to Wakefield (14 minutes), Pontefract (7 minutes), is a small internal roadway that runs from Station Lane to the distribution Knottingley (13 minutes) and Leeds (34 minutes). warehouse and industrial units to the rear. CMS BUSINESS PARK, STATION LANE, FEATHERSTONE, WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY ACCOMMODATION SCHEDULE Unit Floors Sq M Sq Ft Comment MAIN BLOCK Distribution Warehouse Ground 1,449.67 15,605 Office Accommodation Ground 223.42 2,405 Offices 15, 17 & 21 are sub-let on licences and the tenants are currently holding over. Further information on all the sub-lettings can be provided First 255.44 2,749 on request and are available in the data room. Second 257.63 2,773 Toilet Block Ground 18.96 204 Sub Total 2,205.12 23,736 INDUSTRIAL UNITS Unit 1 Ground 70.06 754 Mezzanine 36.56 393 Unit 2 Ground 80.00 861 Mezzanine 44.25 476 Unit 3 Ground 80.00 861 Mezzanine 51.44 554 Unit 4 Ground 80.6 868 Mezzanine 56.11 604 Unit 5 Ground 80.6 868 Mezzanine 56.11 604 Unit 6 & 7 Ground 165.25 1,778 Units 6 & 7 are sub-let on a licence and the tenant is currently holding over. Unit 8 Ground 80.00 861 Mezzanine 44.25 476 Sub Total 925.23 9,958 Total 3,130.35 33,694 Measurements are provided by the vendor. Any purchaser should carry out their own measurement survey and due diligence. CMS BUSINESS PARK, STATION LANE, FEATHERSTONE, WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY A S R c r W a 8 p A 5 L 8 c K 0 a 6 o t 0 Y 6 2 a r d 0 6 Green Lane Business Park 8 6 C M S B 51.5m Mast (Telecommunication) u s 5 i n e 1 s s P J 7 o A t a 1 r M k 8 1 E 2 2 S o t D S 9 U h e G l t G Works e r A N A V E 1 N 1 U E 3 S o B Works t IB 14 G 1 ES Tanks JAM El Sub Sta 2 Memorial Gardens Works 0m 25m 50m 75m 116c © Crown Copyright, ES 100004106.Ordnance For identification Survey © Crown purposes Copyright only. 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250 SITE AREA TENANCY 1.16 acres (0.47 hectares). The property will be let in its entirety by way of a sale and leaseback to CMS Medical Limited on a full repairing and insuring lease for a term of 15 years from completion with a tenants break option in year 10. TENURE The proposed passing rent will be £130,000 per annum exclusive of VAT and the lease will be subject to annual Retail Price Index linked rent reviews compounded on a 5 yearly basis. The RPI uplift is subject to a collar of 2% and a cap of 4%. Freehold This rent equates to a very low passing rent of £3.86 psft. The tenant is prepared to offer a years rent deposit (£130,000). CMS BUSINESS PARK, STATION LANE, FEATHERSTONE, WEST YORKSHIRE, WF7 6EQ SINGLE LET INDUSTRIAL, DISTRIBUTION AND OFFICE INVESTMENT OPPORTUNITY COVENANT CMS Medical is a manufacturer of first aid supplies and liquid fill products with their HQ in Featherstone. The business was started in 1999 and in September 2015 was bought by Nova Medical Solutions Limited to provide them with manufacturing and logistical facilities.
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