DW FITNESS CLUB & SMYTHS TOYS UNIT VICARAGE LANE, BLACKPOOL, LANCASHIRE, FY4 4NB SECURE, LONG LET LEISURE AND RETAIL WAREHOUSE INVESTMENT WITH FIXED UPLIFTS DW FITNESS CLUB & SMYTHS TOYS UNIT VICARAGE LANE, BLACKPOOL, LANCASHIRE, FY4 4NB SECURE, LONG LET LEISURE AND RETAIL WAREHOUSE INVESTMENT WITH FIXED UPLIFTS INVESTMENT CONSIDERATIONS ■ City Fringe Gym Investment and Retail Warehouse ■ Total area of 54,857 sqft (5,096.2 sq m) ■ Site area of 4.3 acres (1.74 hectares) Investment situated on the busy Vicarage Lane ■ Fully let to the strong covenants of Dave Whelan ■ The vendor is seeking offers in excess of£4,750,000 within close proximity to Blackpool city centre Sports Limited and Smyths Toys UK Limited (Four Million Seven Hundred and Fifty Thousand ■ The town has an extensive catchment population ■ Attractive average weighted unexpired lease term Pounds) subject to contract and exclusive of VAT. and benefits fromexcellent accessibility with the of 14.4 years (12.8 years to break) Based on this level of pricing, the net initial yield A583 & A5230 linking Blackpool to the M55 and reflects 7.5%, assuming standard purchasers costs. ■ A584 coast road, which connects the city to the Producing a total rent of £377,257 pa, equating affluent Lytham St. Anne’s. to a low passing rent of £6.88 psf YIELD PROFILE ■ Freehold April 2021 8.57% April 2026 9.87% ■ Benefits from on-site car parking for approximately 200 cars. *based on forecast RPI at 2.5% Pen rose Av e D A O R E E R T Y R R E H DW FITNESS CLUB & SMYTHS TOYS UNIT VICARAGE LANE, BLACKPOOL, LANCASHIRE, FY4 4NB SECURE, LONG LET LEISURE AND RETAIL WAREHOUSE MacadamsINVESTMENT Blackpool WITH FIXED UPLIFTS C V IC A R Tangerine AD A O G Confectionery R St George’s E N Group TO School LA R N BU E e n a ll L Ha D s R er Y g A E Dag VI W C E A N R SO R A R T G E E D Y R LA N N A R E S E H C Macauley Avenue V IC A R A D G A E O LA N R E E E TR Y or Y ks R hir R W e D E ha ale H ll s C e Na y tio L na a l P ark n Au e V e tho rit rdens v i y Halton Ga c A a k A1(M) r Harrogate c a e Ilkley g YORK b l e o H L n Keighley M6 Leeds/ Bradford BLACKPOOL BLACKPOOL LEEDS M55 Burnley BLACKPOOL REGENERATION BRADFORD M1 Blackpool M65 International Preston M621 Airport BLACKBURN M606 A1(M) HULL Warton Halifax Blackpool is set for the biggest single investment for more Aerodrome M62 thanPontefract a century. £300m has been earmarked for the ‘Blackpool M62 M6 M66 HUDDERSFIELD M61 Rochdale M1 Central’ development. This development will include, new SCUNTHORPE Bolton Humberside M18 M180 M181 Airport GRIMSBY Wigan Barnsley hotels, restaurants, a food market, event square, residential Oldham A1(M) M60 DONCASTER MANCHESTER apartments and multi-storey parking. Furthermore, a range M60 M67 M18 M62 Glossop of indoorA1(M) attractions will be built, including the world’s first Rotherham L LIVERPOOL in M62 c P o Warrington ea Gainsborough ln Stockport k s D SHEFFIELD multimedia exhibition of its kind, theh UK’s first flying theatre ist i M58 ric re Manchester t Na W Liverpool International ti Airport on o John Lennon al and the most advanced virtual realityld experience. Airport P s M53 ar M58 k Worksop M1 Buxton M6 In addition, improvement works on the current Central Station Chesterfield LINCOLN Chester site in the heart of the town is expected to start in 2020. Hawarden Airport Blackpool council estimate that this regenerationSkegness will attract LOCATION 600,000 additional visitors a year with a combined annual spend of £75m. They also believe it will also create 1,000 new The well known seaside town of Blackpool is situated in the county turn links to the national motorway network. In addition, the A584 jobs for people in Blackpool. of Lancashire and is a within the North West of England on the coast road connects the city with Lytham St Anne’s to the south Lancashire coast. It has a district population of approximately 142,065 and Cleveleys, Thornton and Fleetwood to the north. Blackpool Rail (2011 Census). station provides a direct service to Preston with a journey time of INFRASTRUCTURE IMPROVEMENTS approximately 25 minutes and an indirect service to London Euston The town is on the Irish Sea between the Ribble and Wyre estuaries, Lancashire Enterprise Partnership, in conjunction with Blackpool with a journey time of approximately 2 hours 50 minutes. approximately 29 km (18 miles) west of Preston, 40 km (25 miles) south Council, commenced work in July 2019 on a £7m ‘facelift’ of of Lancashire and 54 km (86 miles) north west of Manchester. There Blackpool Airport is situated 2.5miles south west of the property, key roads and infrastructure around Blackpool town centre. are a number of tourist attractions within the city including Blackpool with Manchester International Airport is situated approximately These improvements include, resurfacing pavements and roads, Tower and the ‘Golden Mile’, which is dominated by funfair attractions 93.2 km (57.9 miles) to the south east of Blackpool. planting new trees, benches and bin as well as improved. The town benefits from good road communications with the A583 Furthermore, in April 2020, demolition begins on the Wilko’s and A5230 providing direct access to the M55 motorway, which in store site on Talbot road, to then develop a new car park, Holiday Inn hotel, an underpass leading to Blackpool North Station as well a new tram terminus. DW FITNESS CLUB & SMYTHS TOYS UNIT VICARAGE LANE, BLACKPOOL, LANCASHIRE, FY4 4NB SECURE, LONG LET LEISURE AND RETAIL WAREHOUSE INVESTMENT WITH FIXED UPLIFTS SITUATION The subject property is situated on the corner of Sanderson Way and the north eastern side of the prominent Vicarage Lane which links to the A5073 and in turn the A583 approximately 1.1 km (0.7 miles) to the north. Vicarage Lane is located on the outskirts of Blackpool town centre, which is situated approximately 4.8 km (3 miles) to the north. The north eastern side of Vicarage Lane, where the subject property is situated, is an established commercial location with a number of industrial buildings and retail and trade counter occupiers including an Asda Superstore, Home Bargains, Tool Station and Peter Jones Flooring. Directly opposite the subject property, on the southern side of Vicarage Lane, is Blackpool Trade Park, which is home to occupiers such as Topps Tiles, Halfords, Screwfix and Euro Car Parts. Adjacent to this estate is a stand-alone B & M store. DW FITNESS CLUB & SMYTHS TOYS UNIT VICARAGE LANE, BLACKPOOL, LANCASHIRE, FY4 4NB SECURE, LONG LET LEISURE AND RETAIL WAREHOUSE INVESTMENT WITH FIXED UPLIFTS DESCRIPTION The subject property comprises two single storey semi- detached retail warehouse Units. One of the units has been converted to provide a gymnasium, with a swimming pool and other facilities. The the other is arranged to provide a Toy Store. DW UNIT The unit occupied by DW is accessed via a protruding single storey entrance lobby. The lobby leads into a reception area with a custom built reception desk and barrier entrance gates which lead further into the gym. Within this area there is a customer café with associated seating areas. The reception area leads to the main open plan gym which has been zoned into a cardio area and free weights area. There is a studio which is utilised for classes such as spinning, Les Mills group fitness and yoga. Beyond the gym area are male and female open and cubicle changing rooms and WC facilities which themselves provide access to the swimming pool area. The pool area incorporates a swimming pool together with a Jacuzzi and steam room. There is a plant room housed in an extension at the rear of the building. There is a small yard area to the rear of the unit which is accessed off Sanderson Way. SMYTHS TOYS This unit is accessed directly from the car park via two sets of double glazed entry doors. Internally it comprises an open plan retail unit with fitted with racking / display stands. To the rear of the unit is a store room and staff room / office area. This unit benefits from a roller shutter door which leads to a rear servicing area. This area is accessed directly from Sanderson Way. To the front of the unit there is a trolley bay for storage of shopping trolleys. Externally the property sits on a large site which benefits from approximately 200 marked car parking spaces to the front and side elevations. The car park is free to use. There is a freestanding totem sign which faces Vicarage Lane. SITE AREA 4.2985 acres (1.738 hectares). DW FITNESS CLUB & SMYTHS TOYS UNIT VICARAGE LANE, BLACKPOOL, LANCASHIRE, FY4 4NB SECURE, LONG LET LEISURED W Sports AND Fitness, RETAIL Sandersons WAREHOUSE Way, Blackpool, FY4 INVESTMENT 4NB WITH FIXED UPLIFTS created on © Crown Copyright, ES 100004106. For identification Plottedpurposes Scale - 1:1,803only. Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not SCHEDULE OF ACCOMMODATION & TENANCY constitutePLANNING in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment has any authority to make or give, any representation or warranty whatsoever in relation to the property.