INVESTMENT CONSIDERATIONS • A quaint market town located in South , 10 miles north of . • Property includes 6 flats let on a long lease with 55 years unexpired to the local council. • Only convenience store in the town including customer parking and in close proximity to public transport. • Opportunity to improve lease terms with existing tenant. • Low capital value per sq ft of circa £20. • Freehold. • Our client is seeking offers in the region of £160,000 reflecting an attractive net initial yield of 10.7%.

FREEHOLD RETAIL INVESTMENT 74 MONTGOMERY SQUARE, WATH-UPON-DEARN, Location is a small market town located on the south side of the in South Yorkshire. The town is 6 miles north of , 13 miles north of Sheffield and 10 miles west of . The town is in close proximity to the A6195 which leads to the M1 providing excellent links by car further north and to the south. Many local residents use the town’s bus station with 9 bus services running to places including Rotherham, and Doncaster. The town has a population of 33,400 as of 2011. Situation The property is in a prominent position on the corner of Church Street and FitzWilliam Street. The shop benefits from excellent accessibility to local residents with a close proximity to residential suburbs just a short walk away as well as being located opposite the town’s bus station. Access by car is also accommodated for as the shop has 15 dedicated car parking spaces. The property sits adjacent to a Wetherspoons pub and opposite a HSBC bank. Description The property comprises a building of a traditional brick construction arranged over ground and two upper floors and concrete external staircases. Internally the building provides ground floor retail accommodation which is serviced from Fitzwilliam Street and residential accommodation on the upper floors. Accommodation

Accommodation Metric Imperial Ground Sales 254.07 2,735 Covenant EPC Ancillary 91.67 987 An EPC has been conducted and is available upon request. Date of Total 345.74 3,722 Nov 2012 Nov 2013 Nov 2014 Accounts Proposal Our client is seeking offers in the region of £160,000 (One Turnover 409,154,000 428,100,000 462,850,000 Tenure Hundred and Sixty Thousand Pounds) subject to contract. A Freehold. Pre-tax Profit 10,671,000 26,218,000 27,947,000 purchase at this level reflects a net initial yield of 10.7% after deduction of usual purchaser’s costs of 2.8% . Tenancy Total Net Worth 115,863,000 143,673,000 80,309,000 The subject property is let to Martin McColl Ltd on full repairing Contacts and insuring terms for over 10 years from 25th December 2008 Experian gives Martin McColl Ltd a credit rating of low risk. Simon Harvey expiring on the 31st May 2019 at a passing rent of £17,600 pa paid [email protected] monthly in advance. The tenant benefits from the right to terminate VAT 020 7317 3719 the lease on 6 months’ notice. The property is not elected for VAT and therefore VAT is not applicable to the purchase price. Jamie Lyons Located on 1st and 2nd floors are 6 residential flats which are let to [email protected] the local authority on a 99-year lease expiring on 01/01/2070 (55 020 7317 3729 years remaining) at a peppercorn.

Important Notice 1. No description or information given about the property or its value, whether written or verbal or whether or not in these particulars (“Information”) may be relied upon as a statement of representation or fact. Neither Kitchen La Frenais Morgan nor its Joint Agents have any authority to make any representation and accordingly any Information given is entirely without responsibility on the part of Kitchen La Frenais Morgan or the seller/lessor. 2. Any photographs (and artists impressions) show only certain parts of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 3 Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending buyer/lessee. 4. Any buyer/lessee must satisfy himself by inspection or otherwise as to the correctness of any Information given. December 2015