Alliance Retail Park WATER STREET, CHORLEY, LANCASHIRE, PR7 1EX RETAIL WAREHOUSE INVESTMENT OPPORTUNITY ENTER Investment Location Situation & Retail Description Tenancy Schedule Value Enhancement EPC, VAT Contacts Highlights Demographics Warehousing Tenure Tenants’ Covenants & Proposal Alliance in Chorley Planning Consent Retail Park WATER STREET, CHORLEY, PR7 1EX Investment • Chorley is a well located Lancashire market town, strategically situated between the M6 and M61. Highlights • The subject property is located in a prominent and highly visible position overlooking both the A6 and the B6229. • The property is located in the main retail warehouse location for the town, with overall provision being limited in Chorley. • The subject property provides an attractive and modern 2 unit scheme totalling 18,865 sq ft with 85 car parking spaces. • Let to national retailers Currys PC World and Carpetright, with an annual rent of £321,905 per annum (£17.06 per sq ft). • Open A1 (non-food) planning consent for retail warehousing. • There is significant asset management potential, including re-gearing the leases, or alternatively re-letting to one of the many retailers not represented within the town. • We are quoting offers in excess of £3,556,000, equating to a low capital value of just £188 per sq ft. This reflects an attractive net initial yield of 8.50% based on purchaser’s costs of 6.50%. Investment Location Situation & Retail Description Tenancy Schedule Value Enhancement EPC, VAT Contacts Highlights Demographics Warehousing Tenure Tenants’ Covenants & Proposal Alliance in Chorley Planning Consent Retail Park WATER STREET, CHORLEY, PR7 1EX M6 Location Clitheroe Keighley Chorley is a market town in Lancashire, situated Junction 27 of the M6 is situated 7.6 miles to the Blackpool M55 approximately 28 miles north west of Manchester, south west, linking the town to Wigan, Liverpool, M65 Burnley BRADFORD PRESTON 12 miles south of Preston, 10 miles south west of Warrington and North Wales. Blackburn Blackburn and 9 miles north of Wigan. Halifax Leyland Chorley Railway Station offers an indirect link to Chorley The town benefits from excellent transport London, via Preston, with a fastest journey time of Southport Rochdale M62 Huddersfield communications being strategically situated approximately 2 hours and 37 minutes. Services to A6 Bury M66 between 2 of the North West’s main motorways, Preston take 12 minutes. There are direct trains to Ormskirk M61 Bolton the M6 and M61. Junction 8 of the M61 is located Manchester (31 minutes). This line has been recently Wigan only 1 mile to the north east and offers a quick electrified providing quicker and more frequent Oldham M58 M60 link to Preston and the north, as well as Bolton, services. Crosby St Helens MANCHESTER Manchester and the M62 to the south. 4 Salford 7 M62 6 Wallasey LIVERPOOL A EUX Sale TON Stockport LA A Warrington NE 6 8 Birkenhead Widnes M56 Cheadle 4 Liverpool 67 M53 A W Manchester O Runcorn R B N R B5 U 252 EUXTO Ellesmere M56 N LANE B K C Port A Northwich Macclesfield A 6 L CHORLEY & M61 B SOUTH RIBBLE P R HOSPITAL E Y S A CHESTER T O W T N S E R W O 2 A 8 5 2 2 D 5 2 B 6 B LANE B6229 HARPERS B252 BALSHAW EUXTON LA N E Alliance E EUXTON N Retail Park A D L CRICKET A T O E S E E CLUB R R T B V S ASTLEY PARK K R E A E R T N E A A W G P A 1 L 8 S 5 NE T TUMP LA A S B R 52 A58 E 5 1 SOU E 1 THPO T F RT R OX OA H D EET EET O N STR N STR UNIO ROW L LANCASHIRE AD B RO E N’S QUEE S COLLEGE M61 R S ROAD O S T THOMAS’ A S H D E D P CHORLEY A H O R E R E R O AN S D S L D N S N O I LY 8 W W W 22 D A LGAR B6 T Y A H DRIVE O COLLIN C R GW AR O R OD IN T E T G RO T GEORGE S A ON S D N RO R A D A U L L B L BROOK STREET H O A LT K O S M N N C S T O A L Y L L 1 A C 5 O P L 2 L I 1 5 N G 5 W B 2 O O 5 D B R O A D B O LT O N R O A D Investment Location Situation & Retail Description Tenancy Schedule Value Enhancement EPC, VAT Contacts Highlights Demographics Warehousing Tenure Tenants’ Covenants & Proposal Alliance in Chorley Planning Consent Retail Park WATER STREET, CHORLEY, PR7 1EX Demographics Chorley has an extensive catchment population, totalling 82,268 people within a 10 minute drive time of the subject property, increasing substantially to 611,893 people within 20 minutes. The 10 minute drive time population is considered to have above average affluence as demonstrated below: CACI Affluence indicator Area UK Base Index % % Av = 100 Number of cars per household 1 car 42.60% 42.10% 101 2 cars 30.90% 24.40% 126 3 cars 5.70% 5.40% 106 4 cars + 2.00% 1.90% 104 Housing tenure Houses owned 73.30% 64.10% 114 Situation Houses owned outright 32.60% 30.60% 106 Alliance Retail Park is situated in a prominent position at the intersection of the Houses with mortgage / loan 40.10% 32.80% 122 A6 and the B6229. The A6 is the main route through the town and also provides Economic activity access to the M61 to the north. Access and egress to the property is via the A6 for cars travelling south. The roundabout connecting the A6 and the B6229 is Economically active 72.20% 69.60% 104 a very short distance away, allowing those cars travelling north to turnaround so as to access the subject property. The adjacent All Seasons Leisure Centre Employee full time 43.60% 38.60% 113 shares the access. Occupation - managers / senior officials 10.80% 10.60% 103 The town centre is located 0.6 miles south of the subject property, where Elementary occupations 9.80% 11.20% 87 Market Walk is the main shopping centre. Investment Location Situation & Retail Description Tenancy Schedule Value Enhancement EPC, VAT Contacts Highlights Demographics Warehousing Tenure Tenants’ Covenants & Proposal Alliance in Chorley Planning Consent Retail Park WATER STREET, CHORLEY, PR7 1EX EUX TON LA NE 8 W O R B N R B5 U 252 EUXTO N LANE B K C A CHORLEY & M61 L B SOUTH RIBBLE HOSPITAL Y A W T S E W 2 8 5 2 2 5 2 B 6 B LANE B6229 HARPERS EUXTON Alliance ALL SEASONS Retail Park LEISURE CENTRE E N A L T E S E E R T V S ASTLEY PARK R A E T E A W Retail Warehousing in Chorley ANE STUMP L B The property forms part of the dominant retail warehouse offer52 in the town, with B&Q, 51 Asda, Halfords, Farmfoods and Aldi all having representation in closeF proximity to the OX H EET EET subject property. With the exception of these occupiers, the surroundingO land uses are N STR N STR UNIO ROW L LANCASHIRE AD B RO E N’S predominantly residential. QUEE S COLLEGE M61 R O A MARKET WALK The only other retail warehousing in the town outside this pitch is a Wickes,D situated SHOPPING CENTRE D CHORLEY approximately 0.9 miles south of the subject property on George Street which forms Chorley A O R R E Retail Park, where there are a number of smaller units let to the likes of Subway, KFC & O AN S S L D N N O I 8 LY Domino’s. W W 22 D ALGA 6 RT B A H DRIVE O COLLIN C R GW AR O R Market Walk Shopping Centre, in the town centre, is being extended with M&S Foodhall OD IN T T G RO T GEORGE S A ON S D RO reportedly signing up to take a store here, showing their confidence inR the development and AD U L B EET L O BROOK STR the town. Reel Cinemas will also be anchoring the development alongH with restaurant and A LT K O M N C S bar operators including Lounges. T A L L 1 A C 5 O P L 2 L I 1 5 N G 5 W B 2 O O 5 D B R O A D Investment Location Situation & Retail Description Tenancy Schedule Value Enhancement EPC, VAT Contacts Highlights Demographics Warehousing Tenure Tenants’ Covenants & Proposal Alliance in Chorley Planning Consent Retail Park WATER STREET, CHORLEY, PR7 1EX Description Alliance Retail Park provides an attractive well presented scheme totalling 18,865 sq ft, arranged across 2 units. Currys PC World occupy 13,865 sq ft and Carpetright the adjoining unit of 5,000 sq ft. Both units benefit from excellent visibility from the A6 and the B6229. The units are of a modern style, having been completed in 2006, and are of standard retail warehouse construction, with a steel portal frame with brickwork facade and metal profile sheet cladding above. The tenants’ signage is displayed clearly above the entrance features. Internally, both units are fitted out to the tenants’ standard specification. The Currys PC World unit incorporates a storage mezzanine floor, and there is sufficient eaves height to install one within the Carpetright unit.