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Holmes Chapel Business & Trade Park

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Holmes Chapel Business & Trade Park HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD, HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY g Multi-let Industrial / trade counter Investment g AWULT of 6.4 years to expiry (3.7 years to break) INVESTMENT g Edge of town centre location surrounded by up market g Rental income of £519,168 per annum residential and two supermarkets g ERV of £582,282 per annum SUMMARY g Excellent access to junction 17 and 18 of the M6 g Seeking offers in excess of £6,100,000 g Located in Holmes Chapel an affluent g 7.98% Net Initial Yield and a Reversionary Yield of 8.95% Cheshire commuter town g Low capital value of £55.96 psf g GIA 108,990 sq ft g Various asset management opportunities g 6.23 acres (40% site coverage) g Investment underpinned by a variety of alternative uses, g Freehold including residential HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY A58 5 Formby A58 4 4 17 M58 3 5 3 Wigan 15 Oldham 1 25 Leigh 14 M60 A628 7 Kirkby Crosby 24 6 h To Knutsford, 23 2 5 St Helens Glossop M62 & the North A50 Bootle 1 3 22 M62 MANCHESTER LIVERPOOL 2 9 1 M62 A57 Sale 9 5 12 2 7 Warrington Altrincham Birkenhead A57 Lymm 5 Stockport KN Cheadle A6 UT 3 20 M56 6 SFO Bebington 7 R A41 D 4 R Runcorn MANCHESTER O 11 10 M53 Wilmslow Whaley A LIVERPOOL D 12 19 5 Bridge Knutsford A623 8 M56 9 A556 Ellesmere Port A537 A537 Buxton 10 14 ESFIE Flint Northwich ACCL LD ROAD 16 M A535 A530 Macclesfield M6 A535 B5803 12 ICH ROAD A54 Holmes Chapel E A54 EW N A49 Middlewich A54 HOLMES CHAPEL DDL 18 I A A50 M A54 Holmes L A51 A533 Buckley A515 Chapel Mold Winsford 18 Station R Congleton O A41 A527 A53 A55 17 N C A Sandbach HEST ER ROAD M A494 Crewe Biddulph L A534 Leek O Kidsgrove N A483 A500 A523 D ST A534 16 O AT Nantwich N IO N R RO O AD A A49 Ruabon STOKE-ON-TRENT D A525 A54 Whitchurch A51 15 Llangollen A50 A5 M6 M HOLMES CHAPEL To Crewe, Stoke, I A50 L A41 L L A53 i M5 & the South A Holmes Chapel is a popular South Manchester / N E Cheshire commuter town lying immediately adjacent to junction 18 of the M6 with links to Manchester via the A50 and A535. It is located 21 miles south of Manchester City Centre D and 8 miles north of Crewe and benefits from a direct O G DEMOGRAPHICS SITUATION rail service onto the Crewe to Manchester main line. L AN The estate is situated on Manor Lane onE the east side of Holmes Chapel is seeing considerable growth as a Holmes Chapel England the town centre and only 1 mile to the east of Junction 18 location because of its strategic position adjacent to House of the M6 Motorway. the M6 in the heart of the South Manchester / Cheshire 37.5% 30.6% Ownership Commuter Belt. The estate is located only a short distance from all Social the towns’ local amenities in a mixed residential and 29.75% 22.96% As a result the market town is benefiting from a Grade AB commercial area. considerable amount of new residential development Immigration together with an expansion of its retail and leisure 94.5% 86.2% offer. Stats (UK) HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY M6 ‘Holmes Chapel is a popular 18 To The North South Manchester / Cheshire To The South commuter town lying immediately adjacent to junction 18 of the M6 with links to Manchester via the A50 and A535’ A54 To Holmes Chapel HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY 136 HOMES 67 HOMES Holmes Chapel Station STATION ROAD HOLMES CHAPEL BUSINESS PARK 45,000 SQ FT, PFS & 260 CAR PARKING SPACES MANOR LANE 24 UNITS 230 UNITS HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY ‘Units ranging in sizes from 2,296 sq ft to 15,032 sq ft’ DESCRIPTION The property comprises a substantial The buildings are constructed with concrete refurbished business / trade park of 108,990 portal frames and brick elevations overclad sq ft across a total of 15 units and arranged with profile metal. throughout a number of terraces. There is substantial car parking and loading The units range in sizes from 2,296 sq ft areas provided to each unit and the estate to 15,032 sq ft with the majority of the units is laid out in accordance with the plan below having an internal eaves height of 4.4 metres. with three potential entrance / exit points to allow ease of movement throughout the The property originally dates back to the estate. 1960/70s and has been improved over time with a number of alterations, sub-division and partial recladding. HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY TENANCY SCHEDULE ‘Attractive AWULT of 6.4 years to Expiry (3.7 years to break)’ The estate is let in accordance with the tenancy schedule set out below. (SOC) denotes Schedule of Condition. FRI Size Lease Rent Lease Lease Rent Unit Tenant ERV Comments (SOC) (sq ft) Start Review Break Expiry (£psf) 1, 2a & FRI £50,710 £65,084 Skelair (International) Ltd 12,397 29-Aug-13 - - 04-Mar-19 part 2b (SOC) (£4.09) (£5.25) 10-Feb-19 £13,000 £13,886 2b front TLCC Ltd FRI 2,415 25-Feb-16 10-Feb-22 10-Feb-21 09-Feb-26 (£5.38) (£5.75) 10-Feb-25 £41,000 £48,500 3 JMH Automotive Ltd FRI 9,238 26-Sep-13 - 15-Sep-18 (£4.44) (£5.25) FRI £42,500 £53,933 Stepped rent. Initial rent in Yr 1 £37,500 Yr 1; Yr 2 £40,000; Yr 3 £42,500; Yr 4 & 5 4 Shop Fitting Shop Ltd 10,273 01-Oct-16 01-Feb-19 01-Oct-19 30-Sep-22 (SOC) (£4.13) (£5.25) £47,500. Vendor topping up to 2019 rent. Guaranteed by Retail Equipment Ltd. £26,270 £28,523 5a Stove Yard UK Ltd FRI 5,186 10-Jan-17 01-Jan-20 10-Jan-20 09-Jan-23 Incentive of 3 months’ rent free. Break penalty of £13,135. (£4.13) (£5.50) Passing rent of £36k rises to £40k on 14.06.2017, then £42,000 at 14.06.2018 and £49,000 £50,825 5b & c Top Secret Furniture Ltd FRI 9,681 14-Jun-16 - 14-Jun-19 13-Jun-22 finally £49,000 from 13.06.2019. Vendor to top up to 2019 rent. £11,950 penalty if break (£5.06) (£5.25) exercised. FRI £34,598 £35,778 6 Lynton Lasers Ltd 6,505 03-Oct-11 03-Oct-21* - 02-Oct-27 *Review linked to RPI with collar and cap at £36,362.85 and £42,093.76 respectively. (SOC) (£5.32) (£5.50) Morreys (Holmes Chapel) FRI £24,285 £29,898 HOTs agreed with tenant for a new 10-year unbroken lease at £27,180 per annum 7a 5,436 13-Dec-12 - - 12-Dec-17 Ltd (SOC) (£4.47) (£5.50) (£5 psf). FRI £11,000 £13,202 HOTs agreed with tenant for a new 5-year unbroken lease at £13,000 per annum 7b Laura Anderson 2,296 09-Jan-12 - - 08-Jan-17 (SOC) (£4.79) (£5.75) (£5.66 psf). £39,202 £39,198 Stepped rent. Initial rent in Yr 1 £26,601; Yr 2 £35,468; Yr 3 £39,202. Vendor to top up to 8 Bored to Tears Ltd FRI 6,817 01-Oct-16 01-Oct-21 30-Sep-21 30-Sep-26 (£5.75) (£5.75) 2019 rent. Rent deposit of £7,500 held by Landlord. FRI £32,434 £33,908 9a Nutrigain Ltd 5,897 19-Oct-15 - 19-Oct-18 18-Oct-20 Passing rent of £24,326 topped up to 19 Nov 2017 increase. Break penalty of £9,730. (SOC) (£5.50) (£5.75) £34,419 £35,984 9b Denis Newton MOT Ltd FRI 6,258 29-Nov-16 29-Nov-21 29-Nov-21 28-Nov-26 Incentive of 9 months’ half rent. Vendor to top up. 6 months’ rent deposit held. (£5.50) (£5.75) £33,864 £35,403 9c JWC Health & Fitness Ltd FRI 6,157 01-Dec-15 01-Dec-15 01-Dec-20 30-Nov-25 Passing rent of £16,932 topped up to 2 Sept 2017 increase. Break penalty of £10,159.05. (£5.50) (£5.75) FRI £23,000 £23,000 9d Lynton Lasers Ltd 5,402 13-Feb-17 13-Feb-17 - 12-Feb-27 (SOC) (£4.26) (£4.26) Avante Garde Distribution £63,886 £75,160 10 FRI 15,032 21-Oct-14 21-Oct-19 21-Oct-19 20-Oct-24 Passing rent of £57,772 topped up to 21 Oct 2017 increase. Ltd (£4.25) (£5.00) Total 108,990 Total £519,168 £582,282 HOLMES CHAPEL BUSINESS & TRADE PARK MANOR LANE / STATION ROAD HOLMES CHAPEL, CHESHIRE, CW4 8AF INDUSTRIAL INVESTMENT OPPORTUNITY Tank Mast El Sub Sta 5 6 El Sub Sta 1 2A 3A 2B 3B Whiteside 4A 4B 5A 5B Holme House 4 HOLMES CHAPEL BUSINESS PARK 8 2 7 6 El Manor Sub House Sta 9A Manor 9B Lodge 9C 1 9D Nursery Warehouse COVENANT STATUS El Sub Sta MANOR LANE Further information is available on request.
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