SOUTH BAILEYGATE RETAIL PARK, PONTEFRACT, WEST YORKSHIRE, WF8 2LN
HIGH YIELDING REVERSIONARY RETAIL WAREHOUSE INVESTMENT OPPORTUNITY Outline for indicative purposes only. Investment Considerations ■■ Located to the north east of Pontefract ■■ The property is fully let and comprises ■■ In total the investment produces ■■ Open A1 with minor restrictions town centre, near Junction 33 of the M62 5 retail warehouse units totalling £638,135 per annum, which equates (further information available on request) motorway c.68,000 sq ft of accommodation to a low average rent of £9.38 per sq ft ■■ Offers are sought in the region of ■■ Virtual Freehold (999 years). The long surrounding a large shared car park ■■ The scheme benefits from part consisting £8,000,000 (Eight Million Pounds), leaseholder has a pre-emption right to ■■ Strong tenant line-up let to 5 tenants with of 3 sub-10,000 sq ft units allowing a large subject to contract and exclusive of VAT. buy the Freehold. 76% of the contracted income coming degree of flexibility A purchase at this level would reflect a net ■■ The property benefits from being located from strong covenants of B&M and ■■ Asset management potential including initial yield of 7.50% based on the current within the same scheme as an Aldi Poundstretcher immediately acting on the JYSK rent rent passing and a reversionary yield of supermarket who have demonstrated their ■■ WAULT 8.06 years review where recent evidence within the 8.00% after allowing for purchaser’s costs commitment to the location by recently scheme suggests significant rental uplift of 6.67%. expanding their store is possible SOUTH BAILEYGATE RETAIL PARK, PONTEFRACT WF8 2LN HIGH YIELDING RETAIL WAREHOUSE INVESTMENT OPPORTUNITY
Y or ks hir e D ale s N at ion al P ark Au tho rity
Harrogate A1(M) Ilkley YORK A M62 1 FERRBYBRIDGE 6 2
Keighley M6 Leeds/ A1(M) Bradford LOCATION SITUATION M O N K Blackpool H I L L Pontefract is a historic market town in the County of West South Baileygate Retail Park is located LEEDS M55 Burnley L M1 A
BRADFORD A M65 N Blackpool E 1 Yorkshire. The town has a primary catchment of 81,000 on the eastern periphery of Pontefract AD 6 International Preston M621 O M62 2 Airport M606 A1(M) R BLACKBURN HULL E PONTEFRACT G people and a resident population of approximately 300,000 fronting the A645 thoroughfare A Warton D Halifax RACE COURSE 6 I Aerodrome 3 R 9 B Y people within a 15 minute drive time. connecting the town to J33 of the M62 R J33 R D (A645) M62 E ROA Pontefract F EY GL Motorway. The park is a 5 minute walk PONTEFRACT Monkhill IN TT Pontefract is located approximately 12.8 km (8 miles) east Pontefract O M62 N M6 M66 HUDDERSFIELD Park K north east of Pontefract Baghill train M61 Rochdale M1 of Wakefield, 19.3 km (12 miles) south east of Leeds and is
station. The main town centre is 0.65 km SCUNTHORPE A equidistant between York and Sheffield, 32.2 km (20 miles) Bolton 1 6 Humberside 2 (0.4 miles) to the south west and Parkside M18 M180 M181 Airport GRIMSBY from both. The town benefits from its excellent strategic Wigan Barnsley PONTEFRACT Oldham A1(M) Pontefract B Retail Park, the other retail warehousing in Doncaster A location close to Junction 32A, which links the M62 and M60 NE G K LA Tanshelf H AR IL P A L the town, is located 2.2 km (1.4 miles) to MANCHESTER 6 L A1(M) 39 A A1(M) as well as Junctions 31,32 and 33 of the M62. Pontefract NE the west. M60 M67 M18 Baghill M62 Glossop The town also benefits from good public transport links. A1(M) 9) Harewood Rotherham 63 TOWN L LIVERPOOL A Park i Also part of the retail park (outside ( CENTRE n M62 AD c Pontefract, Monkhill and Baghill stations provide regular rail P O o ea Gainsborough R l Warrington Stockport k H Willow Park n our ownership) is a large detached Aldi
T s D R
i SHEFFIELD D h services to Leeds and surrounding local centres. Pontefract s A O
tr O ir R W
M58 ic D Pease e Manchester t K
N EL Supermarket with a large car park and C W
International a FI Park is also 24.1 km (15 miles) from Leeds Bradford Airport. Liverpool ti E A Airport on K o John Lennon a A ld Airport l P W s other nearby occupiers include Howdens M53 ar M58 k Worksop CA M1 R L and Plumb Centre. T O Buxton N R M6 O A GROVE TOWN Chesterfield D LINCOLN Chester Hawarden Airport
Skegness SOUTH BAILEYGATE RETAIL PARK, PONTEFRACT WF8 2LN HIGH YIELDING RETAIL WAREHOUSE INVESTMENT OPPORTUNITY
DESCRIPTION The property comprises a 5 unit retail park forming the majority part of South Baileygate Food and Non-Food discount Retail Park. The units surround a shared car park containing 167 spaces. There is a service yard to the rear of the property which is accessed via its own slip road. The units are of steel portal frame construction with solid concrete floors and are built of brick/blockwork and profiled steel cladding. Internally, the units are divided to provide retail, stock and office/staff facilities. Each unit has rear loading facilities.
CATCHMENT AND DEMOGRAPHICS Pontefract has a total retail catchment population of 81,000, in line with the PMA average for similar sized towns and an estimated shopping population of 26,000. Pontefract is projected to see close to average growth in population over 2016 – 2021. The level of car ownership in Pontefract is broadly average with around 75% of households owning at least one car and 66% classify themselves as owner occupiers which is in line with the national average. Overall 54% of total employment is now in the service sector, with the financial and business services sectors accounting for 7.4% of this. The manufacturing sector now accounts for 11% of total employment with 24.5% in the retail and leisure sector. Total in-store comparison retail expenditure in 2016 stood at £201,000,000. SOUTH BAILEYGATE RETAIL PARK, PONTEFRACT WF8 2LN HIGH YIELDING RETAIL WAREHOUSE INVESTMENT OPPORTUNITY
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1 FERRBYBRIDGE 6 M62 2
J32 A1(M) M O N K H I L L
TCB L 1 A
28.3m 0 A El N 7 Sub Sta 1 5 ATE E EYG BAIL D 6
ORTH A N 2 1 M62
All Saints' Church 8 O R in ra D E G 28.3m A D D 6 I W 3 R 9 DW B Y
R R (A645) E OAD F Y R Pontefract LE D W G IN 4 Monkhill TT O N PARK ROAD K RETAIL PARK
Depot S BA E A E