UNITS 1-4, 394 LONG LANE, BLACKHEATH, WEST , B65 0JE SECURE FREEHOLD RETAIL INVESTMENT OPPORTUNITY M6 A6068 A19 A Clitheroe A650 A1(M) A1035 A165 585 A56 A59 Keihley A58 A1079 Blackpool LEEDS A64 M55 A59 Selby A63 Kin ston Burnley Bradford A614 A164 A583 M65 A646 upon Hull Preston A677 A63 M62 A63 A59 Blackburn A666 A56 Dewsbury 6033 A Halifax M62 Goole Southport Pontefract A15 M6 A6 A160 Rochdale M62 A642 Wakefield A1 A570 M61 38 Imminham Bury M66 A19 A565 A5209 Huddersfield A180 Grimsby Bolton A58 A628 Skelmersdale Barnsley M180 A59 A58 A18 M58 M60 Oldham Scunthorpe A1173 A629 M1 A635 Wian A628 Doncaster Bootle MANCHESTER A46 St Helens A616 A638 A16 A580 A

Ashton-under-Lyne A15 6 A630 A159 1 A1(M) LIVERPOOL 0 M18 M57 A57 2 A Wallasey A631 A631 1103 M62 Warrinton M60 M67 Rotherham Stockport SheŠield Gainsborouh Birkenhead A41 Widnes A57 A156 M56 UNITS 1-4, 394 LONG LANE, BLACKHEATH, WEST A623 Worksop M53 Runcorn A46 M56 A533 A A16 556 A6 A61 A1 A158 A537 Macclesfield A619 A614 A57 Ellesmere A60 Northwich Buxton A1028 A55 Port M6 A537 Chesterfield MIDLANDS, B65 0JE A619 A6 Queensferry A51 A54 A34 Lincoln A54 A536 A61 Mold A158 A515 Chester M1 A15 A55 A46 A41 Conleton Mansfield SECURE FREEHOLD RETAIL INVESTMENT OPPORTUNITYA34 A53 Matlock A38 Newark- Ruthin A51 A617 A16 A494 A49 Leek A483 A530 on-Trent A523 A60 A17 A534 A A614 6 A52 Nantwich A53 A6 0 A500 9 LOCATION A5 Wrexham 7 Stoke-on-Trent A46 A52 Ashbourne A610 Sleaford Blackheath is a busy market town located A1 A1121 INVESTMENT SUMMARY A520 A38 Boston A52 Nottin ham A17 A52 within the MetropolitanLlan ollen withA5 a resident A41 A50 Whitchurch A52 A53 A515 A52 Bala A5 • Well let and secure retail investment population of approximately 12,300. It is located 7 miles west Derby A52 A16 M6 Stone A6 Grantham A51 A50 A453 opportunity in busy Black Country town of , 4 miles north of and 3 miles south Uttoxeter A50 Oswestry A41 A34 A606 A607 A518 Burton A15 A151 west of . A17 A494 A49 • Close to a number of established multiple A5 A53 upon Trent StaŠord M1 Lou hborou h A42 Melton Spaldin retailers Rueley A38 A1101 A513 A515 The town is well located being approximately 2 miles from A46 Mowbray A6 A41 A47 A483 Junction 2 of the . It is well served via variousA458 A518 A51 A607 A1 • The property is let to Savers Health & A5 A511 A16 A458 A5 A606 A449 Stamford Wisbech Beauty Ltd and The Mary Stevens Hospice bus routes into Birmingham and isW elshpoolclose to train A46 Oakham Shrewsbury A444 Downham A470 M42 Leicester A15 by way of new leases, both offering excellent station which gives additional access into Birmingham city A49 M54 A47 Market Tamworth A47 A1122 A470 A41 A47 Peterborou h centre. A442 A1139 covenants A5 A47 A6003 March A458 A6 A10 A454 A38 A43 • Leases expiring in September 2024 and A483 M6 Nuneaton SITUATION Bridnorth A458 Dudley Hinckley Market March 2028 Newtown M69 A5 Harborouh A427 ( ) A141 A470 Blackheath A444 Corby A1 M The property is situated in a busy trading location on Long Stourbride M6 5 A6 A6116 0 A49 A442 6 A • Current combined income is £46,500 per Lane adjoining Poundland/Pep & Co. Other multiple A45 M6 A43 A142 A452 M1 A449 BIRMINGHAM A14 annum exclusive retailers located in theLlan townuri include Card Factory, Coral, A141 A14 Ely A448 Ketterin A142 Greggs, Heron, Iceland, Specsavers, Wilko etc. A46 A45 A43 A45 • The property is available as a whole or as M45 A508 M42 A509 A483 A456 Bromsrove 4177A Royal Huntindon A448 M40 Wellinborouh A10 Rhayader A44 A426 A14 individual lots A470 Leaminton The property is also directly opposite Blackheath Market A449 A5 Newmarket A435 A1 A421 A49 A425 Spa A45 A14 which operates on Mondays, Fridays and Saturdays and A6 • Freehold Llandrindod A44 Leominster M5 A45 A44 Worcester Northampton A428 Cambrid e A44 A422 A423 A428 directly behind a substantialWells Sainsburys supermarket. A46 A11 • Price £ 525,000 A4112 A46 A509 Bedford Builth Stratford- A44 M1 Wells upon- A508 • Net initial yield 8.1% DESCRIPTIONA483 A438 A449 A4103 A429 A5 A421 A505 The property comprises two doubleA470 frontedA438 and relatively Evesham A44 A43 A1 modern, ground floor retail units both having storage/staffHereford A438 Banbury A505 A46 Milton A44 M40 Keynes A6 A10 accommodation at first floor level and are of traditional brick A49 A40 A465 Brecon A479 A421 M11 M50 A417 construction with a flat roof. A449 M5 Stow-on- A4146 the-Wold A5 A4137 Stevena e A120 A470 Ross-on-Wye Cheltenham A44 A602 A40 A40 Dunstable A418 A40 Luton A1(M) Aberavenny Gloucester A436 A34 A41 Hertford A417 Aylesbury Merthyr Monmouth A465 A413 Hemel M1 A414 Tydfil A40 A429 A40 Oxford St Albans Harlow A Hempstead A10 A40 4010 A41 Hatfield A465 A48 Cirencester A414 A420 M25

A4042 Amersham Hi h Watford A12 A449 Wycombe A1 Cwmbran Chepstow M1 A433 M40 A419 A420 A355 A406 M48 A429 M25 A403 M5 Ilford A470 Beaconsfield A12 Newport M4 A40 Daenham Swindon A10 M49 A34 Maidenhead Slouh M25 M4 M4 A48 A48(M) M4 M32 TENURE The property is held FREEHOLD, subject to the existing occupational leases.

ACCOMMODATION The properties are arranged on ground and first floors having the following approximate areas and dimensions:

UNITS 1 & 2 (Savers)

Description Imperial Metric

GROUND FLOOR 31 ’9 ’’ 9.73 m Internal Width Shop Depth 64 ’10’’ 19.54 m Sales Area 1,762 sq ft 163.7 sq m ITZA 1,067 FIRST FLOOR 445 sq ft 41.4 sq m OCCUPATIONAL LEASES TENANT INFORMATION Storage/Staff UNITS 1 & 2 are let to Savers Health & Beauty Ltd Savers Health & Beauty Ltd are a wholly owned subsidiary (Company No. 02202838) by way of a 5 year full repairing and of A S Watson. Savers was originally founded in 1988 and were UNITS 3 & 4 (Mary Stevens) insuring lease from 29th September 2019 at a passing rental of acquired by A S Watson in July 2000. They currently trade from £20,000 per annum exclusive with there being no further in excess of 450 stores throughout the UK. Description Imperial Metric rent review until expiry on 28th September 2024. Savers For the year ended 29th September 2018 they had a turnover GROUND FLOOR extended their presence in this location in 2007 where they 31’ 6’’ 9.63m of £507 million with pre tax profits of £49 million and net assets Internal Width acquired an adjoining unit and they have now renewed this lease for an additional 5 year term. of £79 million. Shop Depth 44’10 ’’ 13.4m Mary Stevens Hospice was established in 1991 and provides Sales Area 1,184 sq ft 110 sq m UNITS 3 & 4 are let to Mary Stevens Hospice Trading Co free specialist palliative care throughout the Dudley Borough ITZA 889 Ltd (Company No. 02648133) by way of a 10 year full repairing and insuring lease from 25th March 2018 with a Year 5 upwards and surrounding areas. They currently have 20 charity shops FIRST FLOOR throughout the Black Country and Midlands which provide 629 sq ft 58.5 sq m only rent review at a passing rental of £26,500 per annum Storage/Staff exclusive. The Tenants do have the ability to determine the lease valuable funds for the hospice. via a break clause which is effective 25th March 2023 exercisable EPC on 6 months’ notice. An energy performance certificate is available on request. Mary Stevens took possession of the property in 2007 and have recently renewed the lease at the original passing rental.

VAT The property has been elected for VAT purposes. It is anticipated that a sale will be treated as a transfer of a going concern. (TOGC)

PROPOSAL We are instructed to seek £525,000 (five hundred and twenty five thousand pounds). A purchase at this level will reflect a net initial yield of 8.1% after purchaser’s costs. Alternatively the properties can be purchased individually at the following price:

Units 1 & 2 – Savers - £250,000 (two hundred and fifty thousand pounds).

Units 3 & 4 - Mary Stevens - £300,000 (three hundred thousand pounds).

FURTHER INFORMATION For further information or to arrange an inspection of the property please contact Robert Alston:

M: 07768 650446 E: [email protected] W: www.robalstonretail.com

SUBJECT TO CONTRACT

MISREPRESENTATION ACT The particulars in this brochure are believed to be correct but accuracy cannot be guaranteed and they are expressly excluded from any contract.