33-37 MOOR STREET, ORMSKIRK, L39 2AA

PRIME HIGH STREET RETAIL PARADE INVESTMENT OPPORTUNITY ANCHORED BY B&M 33-37 MOOR STREET, ORMSKIRK, LANCASHIRE L39 2AA

INVESTMENT CONSIDERATIONS

n Ormskirk is a strong regional n The property provides 5 well proportioned retail units, n Passing rent of £243,200 p.a. with a diverse range of retailers situated on the prime retail pitch of Moor Street, n WAULT of approximately 6.84 years to expiry and n Communications are good with the totalling 24,722 sq ft 5.68 years to the break options town being serviced by the A570 and n Let to the strong covenants of B&M Retail Limited, n Adjacent to the town centre’s main car park regular train services to Preston and Holland & Barrett Retail Limited and Carphone Warehouse Limited providing 67.5% of the total income n Offers sought in excess of £2,535,000 (Two Million Five Hundred and Thirty Five Thousand Pounds) subject to n Freehold contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 9% assuming purchaser’s costs of 6.4%. 33-37 MOOR STREET, ORMSKIRK, LANCASHIRE L39 2AA

DUNDEE ■ PERTH ■

M80 EDINBURGH M9 ■ M73 M8 GLASGOW

M77 M74

NEWCASTLE UPON TYNE ■

■ ■ CARLISLE SUNDERLAND

A1(M)

MIDDLESBROUGH

A59 A59 LOCATION A59 A1(M) YORK Ormskirk is a popular regional market town located approximately ■

8 miles South East of , 12 miles West of and 12 LEEDS ■ miles North of Liverpool. ■ ■ HULL M65 A63 ■ The town benefits from good transport links being located on the SOUTHPORT ■ M62 ■ HALIFAX A570 which provides access to Southport 8 miles to the north M66 A15 ORMSKIRK A1 ■ SCUNTHORPE west and the M58 4 miles to the south east and on to St Helens ■ BARNSLEY A570 DONCASTER ■ ■ GRIMSBY 11 miles to the south east. The town also benefits from the A59 M60 ■ M18 M180 ■ M58 M1 LIVERPOOL ■ ■ A52 BRIGG which provides access to Preston 17 miles to the north east and ■ ST HELENS MANCHESTER A1(M) Liverpool 12 miles to the south. ■ SHEFFIELD ■ Ormskirk Railway Station is located in the heart of the town and M56 GAINSBOROUGH ■ CHESTERFIELD provides direct trains to Preston via the Line and BUXTON ■ LINCOLN ■ Liverpool Central via the Northern Line with a quickest journey time of 29 minutes and 30 minutes respectively. NEWARK-ON-TRENT M6 ■ NEWCASTLE-UNDER-LYME Liverpool John Lennon Airport is located approximately 19 miles ■ BOSTON A38 ■ STOKE-ON-TRENT NOTTINGHAM to the south and served approximately 4.3 million passengers in ■ DERBY ■ A52 ■ M1 2015 and was the 14th busiest airport in the UK. A46 A1 STAFFORD ■

M54 M6 Toll A47 ■ WALSALL LEICESTER ■ ■ NORWICH M42 PETERBOROUGH ■ WOLVERHAMPTON ■ M6 M5 BIRMINGHAM A1(M) A14 ■ ■ A11 COVENTRY M42 A43 NORTHAMPTON M40 ■ A428 CAMBRIDGE ■

A1 A11 IPSWICH ■

■ MILTON M1 M11 KEYNES A1(M)

OXFORD M5 ■ M25 M40 ■ SWANSEA M25 CARDIFF ■ ■ READING LONDON ■ ■ BRISTOL ■ BATH

■ SOUTHAMPTON ■ PORTSMOUTH

■ PLYMOUTH 33-37 MOOR STREET, ORMSKIRK, LANCASHIRE L39 2AA

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SITUATION (PH) 3 DESCRIPTION

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The property is situated on Moor The property, of brick construction, provides

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Street which is 0a pedestrianised street, five retail units arranged over ground and 1

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1 1 considered to be the main9 retail pitch in first floors, fronting Moor Street and forming

2 1 the town with numerous national multiples part of a larger retail parade.2

4 including Starbucks,1 WHSmith, Clarks and 3 The property includes a B&M unit, accesseda PCs Superdrug in close proximity. via a covered walkway4 from Moor Street, to 49.4m

The main thoroughfare from the train the rearCo mmprovidingunity frontage and secondary Centre station into the town centre,Market Railway access on to Leyland Way which also5 t provides

6 o Christina House 7 Road, runs adjacent to the B&M store access to one of the main car parks in the1 t o 6

at the rear. town. The unit also benefits from a service9

yard to the rear accessed off Leyland Way.1 The0m train10m station20m is 30situatedm approximately 1 400m to the north of the property and Internally the units are arranged as E T Ordnance Survey © Crown Copyright 2016. All rights reserved. A Licence number 100022432. Plotted Scale - 1:1038 the Gbus station approximately 100m to retail units at ground floor and ancillary R O theO east. accommodation at first floor. Unit 37A M benefits from a large floorplate at first floor level providing a cocktail bar. SITE AREA The property occupies a site area TENURE of 0.65 acres (0.26ha) Freehold. Experian Goad Plan Created: 05/08/2016 Created By: Allsop 50 metres Copyright and confidentiality Experian, 2016. © Crown copyright and For more information on our products and services: database rights 2016. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011 33-37 MOOR STREET, ORMSKIRK, LANCASHIRE L39 2AA

TENANCY SCHEDULE

Address Tenant Area Area Rent Passing Rent Lease Lease Break Next EPC Comments sq m sq ft p.a. ITZA Start Expiry Date Review Rating

GF Retail 80.7 869 (ITZA) 52.7 567 33 Moor Street Holland & Barrett £27,650 £46.75 11/04/15 10/04/20 11/04/15 C51 11/04/2015 rent review outstanding. The tenant's service charge is capped at Retail Limited FF Storage 32.7 351 5.55% of the total expenditure attributed to the premises by the landlord. Total 113.4 1,220 GF Retail 80.7 868 (ITZA) 51.9 559 35 Moor Street William Hill £28,250 £47.83 27/05/10 26/05/30 27/05/20 + 27/05/15 + C64 27/05/15 rent review outstanding. The tenant will benefit from 3 months rent Organization Limited FF Storage 43.3 466 27/05/25 27/05/20 free if 2020 break not exercised. Total 124.0 1,334 GF Retail 80.3 864 (ITZA) 51.6 555 37 Moor Street The Carphone £26,400 £45.35 26/06/15 25/06/20 26/06/18 C73 Warehouse Limited FF Storage 35.1 378 Total 115.4 1,242 GF Retail 105.1 1,131 37a Moor Street IKO Ventures Limited (ITZA) 60.2 648 £35,000 £54.01 24/09/09 23/09/29 24/09/14 + D84 24/09/14 rent review outstanding. There is a lease guarantor - Ian Gordon. 24/09/19 Total 105.1 1,131 FF Bar 238.3 2,565 33-37 Moor Street IKO Ventures Limited £15,000 £5.85 24/09/09 23/09/29 24/09/14 + D84 24/09/14 rent review outstanding. There is a lease guarantor - Ian Gordon. (overall) 24/09/19

Ad Space at Edward Lawrence £900 15/11/14 14/11/19 15/11/17 Rent increases on the review date in line with RPI. 33-37 Moor Street McGuire

GF Retail 1,456.6 15,679 16/06/15 rent review outstanding. Service charge is £20,000 increased each Supermarket £6.38 year in accordance with RPI. This fixed service charge is personal to B&M Retail (3 Railway Road, B & M Retail Limited FF Storage 144.1 1,551 £110,000 16/06/10 15/06/20 16/06/15 D77 (overall) Limited. When the relevant side - letter is no longer relevant, service charge is Ormskirk) Total 1,600.7 17,230 a fixed percent