Co-op Portfolio – England 14 Properties with long leases Portfolio Summary
Post Lease Start Next Rent Lease Rent At Next Additional Portfolio Town Road Code Date Review Expiry Review (2017) Income
Oriel Abergele Marine Road L22 7PR 26/09/2006 26/09/2017 25/09/2036 226,594 Elaine Blackpool 11 Thornton Centre FY5 5DX 03/04/2007 03/04/2017 02/04/2037 206,653 56,801 Elaine Bridlington York Road YO15 2PQ 03/04/2007 03/04/2017 02/04/2037 168,679 Elaine Chatteris 51 High Street PE16 6BH 03/04/2007 03/04/2017 02/04/2037 148,816 Oriel Coleford 27 High Street GL16 8HA 26/09/2006 26/09/2017 25/09/2036 108,746 Oriel Dunbar 2 Countess Crescent EH42 1DX 01/11/2006 01/11/2017 31/10/2036 299,110 Elaine Glasgow 63 Cumbernauld Road G33 6HZ 03/04/2007 03/04/2017 02/04/2037 101,385 Elaine Newport 138-142 Chepstow Road NP19 8EG 03/04/2007 03/04/2017 02/04/2037 161,901 Elaine Pontypridd Penrhiwfer Road CW39 8EY 03/04/2007 03/04/2017 02/04/2037 168,980 Elaine Sandbach Lawton Way CW11 1TF 03/04/2007 03/04/2017 02/04/2037 197,580 Oriel Southport Station Road PR8 3HR 26/09/2006 26/09/2017 25/09/2036 331,414 Elaine Wallasey 83-85 Wallasey Village CH45 3LF 03/04/2007 03/04/2017 02/04/2037 104,775 Oriel Wirral 100 New Chester Road CH62 5AG 26/09/2006 26/09/2017 25/09/2036 278,055 Elaine Wrexham Borras Park Road LL12 7TH 03/04/2007 03/04/2017 02/04/2037 77,897 COMBINED PORTFOLIOS 2,580,585 56,801
Remarks • All contracts got annual rent step of 2.25% . Meaning the Annual rent of 2018 would be 2,638,648 . ABERGELE – Marine Road LL22 7PR
LOCATION • Abergele is an attractive tourist town situated on the North Wales coast. • Abergele is located approximately 5 miles west of Rhyl, 7 miles east of Colwyn Bay and 30 miles west of Chester. • The town is served by Junctions 23a and 24 of the A55 dual carriageway and by the A548. Abergele and Pensarn train station serves the area, with services to Manchester and Llandudno. ABERGELE– Marine Road LL22 7PR
SITUATION • The property is located on the north side of Marine Road, adjacent to the train station. Vehicular access is from Marine Road. • The property occupies a prominent position within a mixed residential, commercial, retailing and leisure area, close to the town center.
DESCRIPTION • The property comprises a modern, purpose built, single level supermarket. • The building is of a steel portal frame construction with brick elevations and a steel clad roof.
TENURE • Freehold ABERGELE– Marine Road LL22 7PR
ASSET MANAGEMENT • Subject to agreement with the tenant, potential to split the store to provide attractive, well configured retail units or extend store over car park. • Subject to agreement with the tenant, potential for development on the large car park such as A3 use or hotel.
FLOOR USE SQ FT SQ M
Ground Floor Sales/Storage/Staff 14,084 1,308.4
Total (GIA) 14,084 1,308.4
• The property occupies a site which extends to approximately 1.4 acres. • The site includes a large surface car park providing 118 spaces. BLACKPOOL – Thornton Shopping Centre FY5 5DX
LOCATION • The property is located in Thornton-Cleveleys, an attractive village and commercial center. • Thornton-Cleveleys is located approximately 5 miles north-east of Blackpool, 19 miles south-west of Lancaster and 12 miles north of Southport. • The area is served by the A585 which provides access to Junction 3 of the M55 Motorway. Poulton-le-Fylde train station provides services to Blackpool and Manchester BLACKPOOL– Thornton Shopping Centre FY5 5DX
SITUATION • The property is situated to the north of Victoria Road East within a mixed retailing and residential area. • Nearby occupiers include Martin’s Newsagents, Bet Fred and Lloyds Pharmacy.
DESCRIPTION • The property comprises a purpose built, single level supermarket together with six retail units. • The supermarket is of a steel frame construction with brick elevations under a pitched roof. The retail units are of traditional brick construction.
TENURE • Freehold BLACKPOOL– Thornton Shopping Centre FY5 5DX ASSET MANAGEMENT
• Subject to agreement with the tenants, potential to combine units to create more appealing retail accommodation. • Subject to agreement with the tenants, extension over surface car park. • Subject to agreement with the tenants, further unit shop development on surface car park.
FLOOR Tenant SQ FT SQ M Lease Start Lease End
Unit 1a Discount Tiles NorthWest Ltd 1,137 105.6 31/07/2004 30/07/2014
Unit 1b Woks wagen Take Away 975 90.6 05/03/2004 04/03/2019
Unit 1c Javanpey, M & Mianbaghi, H 975 90.6 01/07/2005 30/06/2025
Unit 1d Naveed Ahmed 975 90.6 13/02/2004 12/02/2019
Unit 2 Forbuoys Ltd 1,223 1 13.6 12/09/2002 31/08/2017
Unit 3 Done Bros (Cash Betting) Ltd 1,694 157.4 20/02/2003 19/02/2018
Unit 11 Somerfield Stores Ltd 14,338 1,332.1 03/04/2007 02/04/2037
Cash Point HSBC
Total (GIA) 21,317 1,980.5
ACCOMMODATION • The property occupies a site which extends to approximately 1.75 acres. • The site includes a surface car park providing 87 spaces. BIRDLINGTON – York Road YO15 2PQ
LOCATION • Bridlington is a busy and popular tourist town situated on the North Yorkshire coast, with a resident population in excess of 34,000. • The town is located approximately 17 miles south of Scarborough, 29 miles north of Hull and 41 miles east of York. • Road access to Bridlington is via the AI 65 which links to the A63, which leads directly to the M62 Motorway. BIRDLINGTON – York Road YO15 2PQ
SITUATION • The property is located on the edge of Bridlington town centre on York Road, adjacent to the main thoroughfare. The Promenade. • The property occupies a prominent position within a predominately retail and residential area. Directly opposite are Bayside flats, a multistory and two public car parks. • Nearby occupiers include popular local and residential, busy restaurants and bars. • The store has been recently re-fitted as a Co-op.
DESCRIPTION • The property comprises a purpose built supermarket arranged over ground and first floors. • The building is of a steel frame construction with brick and metal clad elevations beneath a pitched steel roof. • The first floor comprises vacant offices.
TENURE • Freehold BIRDLINGTON – York Road YO15 2PQ
ASSET MANAGEMENT • Subject to agreement with the tenant, redevelopment of the site to improve configuration of the store and car park. • Refurbish the offices to create additional income.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area / Storage 15,551 1,445
First Floor Office (vacant) 16,124 1,498
Total (GIA) 31,675 2,943
• The property occupies a site which extends to approximately 0.6 acres. • The site includes a large surface car park providing 35 spaces. In addition, there is a large local authority car park and multi story car park nearby. CHATTERIS – High Street PE16 6BH
LOCATION • Chatteris is a popular Fenland Market Town with a resident population in excess of 10,000. • The town is located approximately 15 miles north-east of Huntingdon, 24 miles north-west of Cambridge and 28 miles south of Peterborough. • The area is well served by road links with the A1 (M), 14 miles away via the A141. There are regular rail services between Huntingdon and London Kings Cross with the average journey time to Kings Cross being approximately 50 minutes. CHATTERIS – High Street PE16 6BH
SITUATION • The property is located on the east side of the High Street which forms part of the B1050, the main route through the town. • The property occupies a prominent position within a predominately retail and residential area within close proximity to the town’s main car park. • Nearby occupiers include Lloyds Pharmacy, Barclays Bank and the Post Office. In addition, the town’s library is immediately adjacent.
DESCRIPTION • The property comprises a purpose built detached supermarket arranged over ground and first floors, with a single story plant room and secure loading to the rear. • The building is of a concrete frame construction with brick elevations, with a pitched slate roof to the front and flat roof to the rear. • The store has been refitted as a Budgens.
TENURE • Freehold CHATTERIS – High Street PE16 6BH
ASSET MANAGEMENT • Subject to agreement with the tenant, redevelopment of the site to improve configuration of the store and car park. • Refurbish the offices to create additional income.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area / Ancillary 3,670 341.00
First Floor Storage / Staff / Office 3,825 355.35
Total (GIA) 7,495 696.35
• The property occupies a site which extends to approximately 0.366 acres. • The site includes a large surface car park providing 25 spaces. In addition, there is a free 100 space car park immediately adjacent to the car park. COLEFORD – High Street PE16 8HA
LOCATION • Coleford is an exceptionally attractive and historic market town on the borders of the Forest of Dean in Gloucestershire. • Coleford is the administrative centre for the Forest of Dean area which has a resident population of 80,000. • The town is located approximately 6 miles east of Monmouth, 12 miles north of Chepstow and 20 miles south- west of Gloucester • The area is generally well served by road links with the A4136 lying just south which connects to the main A40(T) dual carriageway. COLEFORD – High Street PE16 8HA
SITUATION • The property is located on the south-eastern side of the High Street adjoining the town's main surface car park. • The unit occupies a prominent corner location in the heart of the town centre. • Nearby occupiers include The Post Office, Co-op and Tesco Express.
DESCRIPTION • The property comprises a purpose built supermarket arranged over ground and first floors. • The building is of a steel frame construction with brick elevations beneath a part pitched slate tiled roof and an asphalt covered flat roof. • The shop currently trades as a Nisa.
TENURE • Freehold COLEFORD – High Street PE16 8HA
ASSET MANAGEMENT • Co-op no longer occupies the store as they have a substantial store to the rear As such we expect there would be significant demand from Tesco to extend their adjoining store, should Co-op not choose to renew at the end of the term.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area / Storage 7,345 682.33
First Floor Not Inspected
Total (GIA) 7,345 682.33
• The property occupies a site which extends to approximately 0.22 acres. • The unit benefits from a substantial high street frontage of 51 feet (15.6 meters) and prominent return frontage of 182 feet (55.5 meters). DUNBAR– Countess Crescent EH42 1DX
LOCATION • Dunbar is a busy tourist town and fishing port lying on the coast at the mouth of the Firth of Forth. • Dunbar is approximately 30 miles east of Edinburgh, 28 miles north-west of Berwick upon Tweed and 35 miles north of Kelso. • The area is generally well served by road links with the A1 lying only half a mile away. There are regular intercity train services between Edinburgh and London. The journey time from Dunbar to Edinburgh is approximately 30 minutes. DUNBAR– Countess Crescent EH42 1DX
SITUATION • The property is located on the eastern side of Countess Crescent which is accessed from either Countess Road or Belhaven Road. • The property occupies a prominent position within a predominately residential area within close proximity to the High Street.
DESCRIPTION • The property comprises a purpose built detached supermarket arranged over ground and first floors. • The building is of a steel portal frame construction with blockwork infill walls which have been rendered. The columns have a brick facing. The roof is slightly pitched and there are decorative slate clad elevations of steeper pitch.
TENURE • Freehold DUNBAR– Countess Crescent EH42 1DX
ASSET MANAGEMENT • The subject property has been recently vacated by the tenant We understand this is for competition reasons following the purchase of The Somerfield Group. This provides an opportunity to surrender the current lease and re-let at a higher rent. • Subject to agreement with the tenant, full redevelopment of the site to alternative uses (subject to planning).
FLOOR USE SQ FT SQ M
Ground Floor Sales Area 7,931 736.82
Ground Floor Storage 3,433 318.94
Ground Floor Loading/ storage 2,051 190.51
First Floor Staff 1,205 111.93
Total (GIA) 14,620 1,358.20
• The property occupies a site which extends to approximately 1.04 acres. • The site includes a large surface car park providing 65 spaces. GLASGOW– Combernauld Road G33 6HZ
LOCATION • The property is located within the greater Glasgow conurbation on the A80, providing excellent road links. • The property is located approximately 8 miles north-east of Glasgow, 12 miles west of Airdrie and 15 miles north of East Kilbride. • The area is generally excellently served by road links lying on the A80 heading north, linking to the M80 and M9 Motorways. The same road also provides a direct route to Glasgow city centre. GLASGOW– Combernauld Road G33 6HZ
SITUATION • The property is located on the northern side of Cumbernauld Road (A80). • The property occupies a prominent position within a predominately residential area in close proximity to a number of bus stops. • Nearby occupiers include a car sales forecourt, light industrial warehousing and residential occupiers
DESCRIPTION • The property comprises a detached single storey supermarket within a rectangular plot, fronting Cumbernauld Road. • The building is of brick construction, with a triple pitched roof. External walls have been painted. • Newly fitted as a Co-op store.
TENURE • Heritable GLASGOW– Combernauld Road G33 6HZ
ASSET MANAGEMENT • Subject to agreement with the tenant, the large surface car park has strong development potential. Either extension to current food store or part released for development. • Subject to agreement with the tenant, install advertising hoarding to capitalize on busy location.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area 6,476 601.64
Ground Floor Storage 997 92.59
Ground Floor Staff 1,154 107.23
Total (GIA) 8,627 801.46
• The property occupies a site which extends to approximately 0.79 acres. • The site includes a large surface car park providing 92 spaces. NEWPRORT– Chepstow Road NP19 8EG
LOCATION • Newport is a substantial town strategically located on the M4 Motorway. It has excellent links to both England and South Wales and is a central hub for business and retail in the region. • Newport is located approximately 13 miles east of Cardiff and I 37 miles west of Central London. • The area is generally well served by road links with the M4 Motorway serving the town. There are regular Intercity train services between Newport and London. The journey time is under two hours, making Newport the nearest business centre in Wales to London. NEWPRORT– Chepstow Road NP19 8EG
SITUATION • The property is located on the busy Chepstow Road which links directly to the M4 Motorway. • The property occupies a prominent position within a predominately residential area on an arterial road. The area is a dominant local shopping area with the property being the only supermarket. • Nearby occupiers include Boots, Greggs and Peacocks.
DESCRIPTION • The property comprises a purpose built in-line supermarket arranged over ground and first floors with a small second floor. • The building is of a 1960s concrete frame construction with a flat roof. The ground floor is primarily used for retailing with some ancillary ware- housing linked to a rear service yard.
TENURE • Freehold NEWPRORT– Chepstow Road NP19 8EG
ASSET MANAGEMENT • Subject to agreement with the tenant, the first and second floors are substantially underutilized and would be suitable for an alternative use such as leisure or residential. • Subject to agreement with the tenant, the store could be extended into the rear car-parking area to create an enlarged retailing space. • The passing rent is low at under £ 10 per sq ft and has substantial growth potential.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area 7,367 684.4
First Floor Storage 7,344 682.3
Second Floor Storage 245 22.75
Total (GIA) 14,956 1,389.54
• The property occupies a site which extends to approximately 0.174 acres. PONTYRIDD– Penrhiwfer Road CF39 8EY
LOCATION • Tonyrefail is a suburb of Pontypridd which serves a loyal local catchment. • The town is located approximately 14 miles north- west of Cardiff, 22 miles east of Swansea and 9 miles north-east of Bridgend. • The area is generally well served by road links with the M5 Motorway lying only 5 miles away. There are regular Intercity rail links to Cardiff. PONTYRIDD– Penrhiwfer Road CF39 8EY
SITUATION • The property is located on the B4278 which is accessed from the A4093 trunk road to Cardiff. • The property occupies a standalone position within close proximity to the town centre.
DESCRIPTION • The property comprises a purpose built detached supermarket arranged over one level. • The building is of a steel frame construction with full height brickwork elevations under a pitched slate roof. • The property has been recently re-fitted as a Co-op.
TENURE • Freehold PONTYRIDD– Penrhiwfer Road CF39 8EY
ASSET MANAGEMENT • Subject to agreement with the tenant, the site is large for the nature of the store and consideration should be given to part sale or development of the excess car park. Substantial residential development has been seen in the immediate vicinity. • Potential to purchase land to the rear of the site for further development. The site is underutilized at present.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area 12,460 1,147.57
Total (GIA) 12,460 1,147.57
• The property occupies a site which extends to approximately 1.4 acres. • The site includes a large surface car park providing 86 spaces. SANDBACH– Lawton Way CW11 1TF
LOCATION • Sandbach is an affluent market town in Cheshire. • Sandbach is located approximately 5 miles north- east of Crewe, 14 miles north-west of Stoke on Trent and 25 miles south-west of Manchester • The area is generally well served by road links being located adjacent to Junction 17 of the M6 Motorway. There are regular rail services between Manchester and Crewe. The journey time to Manchester is approximately 45 minutes by train. SANDBACH– Lawton Way CW11 1TF
SITUATION • The property is located on Lawton Way which along with Grange Way is one of the main distribution roads serving the local area. • The property occupies a prominent position within a predominately residential area within close proximity to the local primary school.
DESCRIPTION • The property comprises a purpose built standalone single storey supermarket arranged over ground floor. • The building is of brick construction beneath a flat roof. The property benefits from a fully glazed retail frontage.
TENURE • Freehold SANDBACH– Lawton Way CW11 1TF
ASSET MANAGEMENT • Subject to agreement with the tenant, the large surface car park could be suitable for residential development. • Subject to agreement with the tenant, possible extension to the store to increase sales accommodation.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area 9,922 921.72
First floor Sales Area 7,201 668.99
Total (GIA) 9,922 921.72
• The property occupies a site which extends to approximately 1.332 acres. • The site includes a large surface car park providing 93 spaces SOUTHPORT– Station Road PR8 3HR
LOCATION • The property is located in Ainsdale, an affluent residential suburb of Southport. • Ainsdale is located approximately 3 miles south of Southport, I 6 miles north of Liverpool and 20 miles south-west of Preston. • Ainsdale is served by the A565 and the A570, which links with Junction 3 of the M58 Motorway. Ainsdale train station provides services to Southport and Liverpool. SOUTHPORT– Station Road PR8 3HR
SITUATION • The property is situated at the junction of Station Road and Liverpool Road in a prominent position within a mixed residential and retailing area. • Nearby occupiers include Bank of Scotland, Ladbrokes and local retailers.
DESCRIPTION • The property comprises a purpose built food store providing well configured trading accommodation. • The building is of a traditional brick construction under a pitched roof.
TENURE • Freehold SOUTHPORT– Station Road PR8 3HR
ASSET MANAGEMENT • Subject to agreement with the tenant, the large surface car park could be suitable for residential development. • Subject to agreement with the tenant, possible extension to the store to increase sales accommodation.
FLOOR USE SQ FT SQ M
Ground Floor Sales Area 19,353 1,798
Total (GIA) 19,353 1,798
• The property occupies a site which extends to approximately 0.57 acres. • The site includes a surface car park providing 61 spaces. WALLASEY– Wallasey Village CH45 3LF
LOCATION • Wallasey is a residential suburb and local retailing centre. • Wallasey is located approximately 2 miles north- west of Liverpool, 4 miles north-west of Birkenhead and 15 miles north-west of Ellesmere Port • Wallasey is accessed via Junction I of the M53 Motorway and is connected to Liverpool via the Kingsway Tunnel. Wallasey Village train station provides services to Liverpool and Birkenhead. . WALLASEY– Wallasey Village CH45 3LF
SITUATION • The property is situated on the west side of Wallasey Village within a mixed residential and retailing area. • The property occupies a prominent position in Wallasey with good access from the M53 Motorway. • Nearby occupiers include Motor-world, Numark Pharmacy and local retailers.
DESCRIPTION • The property comprises a post-war single storey food store providing well configured trading accommodation. • The building is of a traditional brick construction under a flat roof.
TENURE • Freehold WALLASEY– Wallasey Village CH45 3LF
ASSET MANAGEMENT • Subject to agreement with the tenant, potential to be split or extended over surface car park.
FLOOR USE SQ FT SQ M
Ground Sales Area 7,889 732.9
Ground Floor Storage 1,470 136.6
Total (GIA) 9,359 869.5
• The property occupies a site which extends to approximately 0.83 acres. • The site includes a large surface car park providing 53 spaces. WIRRAL – New Chester Road CH62 5AG
LOCATION • The property is situated in New Ferry a suburb of the Wirral. • New Ferry is located approximately one mile north-west of Port Sunlight, 3 miles south-east of Birkenhead and 5 miles (by road) south-west of Liverpool. • New Ferry is accessed via the B5 136 New Chester Road or via the A41 New Ferry Bypass, which links with Junction 5 of the M53 Motorway to the south. Bebington train station serves the area and provides services to Liverpool and Chester. WIRRAL– New Chester Road CH62 5AG
SITUATION • The property is situated to the west of New Chester Road with a secondary frontage to the pedestrianised Bebington Road. • The property occupies a prominent position within a mixed retailing, residential and commercial area. • Nearby occupiers include Ladbrokes, HSBC and a range of local and national retailers.
DESCRIPTION • The property comprises a modern, single level, purpose built supermarket. • The building is of a steel frame construction with brick elevations under a pitched roof.
TENURE • Freehold WIRRAL– New Chester Road CH62 5AG
ASSET MANAGEMENT • Subject to agreement with the tenant, potential to be split and re-let to alternative occupiers. • Subject to agreement with the tenant, potential to extend into adjacent unit which is currently vacant.
FLOOR USE SQ FT SQ M
Ground Floor Sales /Storage 18,590 1,727
Total (GIA) 18,590 1,727
• The property occupies a site which extends to approximately 0.44 acres. WREXHAM– Borras Park Road LL12 7TH
LOCATION • Wrexham is the largest commercial centre in north Wales. The subject property is located in Borras Park, a suburb to the north-east of Wrexham town centre. • Borras Park is located approximately 10 miles south- east of Buckley 11 miles south-west of Chester and 13 miles south-east of Mold • Borras Park is served by the A5 156 by-pass, which links with Junction 6 of the main A483 to the north- west. Wrexham General train station provides services to Chester; Cardiff and London (Euston). WREXHAM– Borras Park Road LL12 7TH
SITUATION • The property is situated within a neighbourhood retail parade to the south of Borras Park Road. • The property occupies a prominent position at the end of the parade within a densely populated residential area. • Nearby occupiers include Martin’s Newsagents and a range of local retailers.
DESCRIPTION • The property comprises a purpose built, single level store providing well configured trading accommodation. • The building is of a traditional load bearing brickwork construction under a flat roof.
TENURE • Freehold WREXHAM– Borras Park Road LL12 7TH
ASSET MANAGEMENT • Subject to agreement with the tenant, potential to split to provide smaller retail units or extend to the rear
FLOOR USE SQ FT SQ M
Ground Floor Sales /Storage 5,518 512.63
Total (GIA) 5,518 512.63
• The property occupies a site which extends to approximately 0.61 acres. • The parade is served by a surface car park providing 32 spaces, 12 of which are for the use of the subject property’s customers.