ockleston bailey retail leisure investment 22/26 CAROLGATE, RETFORD DN22 6BU PRIME FREEHOLD GRADE II LISTED RETAIL INVESTMENT NOT REGISTERED FOR VAT

Transcription

1 ocklesto bailey retail leisure ivestmet /6 CAROLGATE, RETFORD DN 6BU PRIME FREEHOLD GRADE II LISTED RETAIL INVESTMENT NOT REGISTERED FOR VAT

2 Ivestmet Summary Prime tradig locatio. Three vertically split uits capable of beig sold off idividually. Total accommodatio 3,03 sq ft (97.6 sq m) Let to Stoeygate 19 Limited (Clarks Frachisee), Rasa Valatias tradig as Clea Stitch ad Photographic Retail 008 Limited (Max Speilma). Freehold The property has ot bee elected for VAT. Average uit value of 175,000 Total curret icome 55,750 p.a.x. Ideal SIPP purchase. Offers i excess of 55,000. A purchase at this level would reflect a et iitial yield of 10.1% after deductig purchasers costs of.8%. Locatio Retford is a thrivig market tow located 63 miles south of York, 8.5 miles east of Sheffield, 30 miles orth of Nottigham, 1 miles orth west of Newark, 3 miles west of Licol ad 10 miles east of Worksop. The tow is served by the A60 which provides excellet trasport liks to the east ad west. The A1 is situated 3 miles to the west. Retford is served by two railway lies, the East Coast Mai Lie betwee Lodo ad Ediburgh ad the Licol Lie which liks to Sheffield, Licol ad Worksop. Robi Hood Airport is 15 miles to the orth providig flights to umerous major Europea cities as well as Caada ad the Uited States. The tow has a residet populatio of 1,000 people with a catchmet populatio of approximately 5,000 people. Retailig I Retford Carolgate is the pricipal retail pedestriaised thoroughfare for the tow with umerous atioal multiple retailers represeted. The bus statio ad pricipal surface car park (50 spaces) for the tow cetre are located i close proximity to the subject block, located just off Spar Lae at the rear of 57/69 Carolgate. At the orther ed of Carolgate is the substatial Market Place which hosts markets o 3 days per week o Thursday, Friday ad Saturday with a mothly Farmers Market. Situatio The subject property block occupies a prime tradig locatio withi the pedestriaised Carolgate. Nearby multiple retailers iclude Greggs, Costa Coffee, Clitos, The Works, Brighthouse, Superdrug, New Look, M & Co, Vodafoe, Claire s, BetFred, Card Factory, Yours, WH Smith ad Wilco. Descriptio The property is Grade II Listed, arraged o groud, first ad secod floors, of a brick built costructio uder a flat asphalt ad tiled roof. The three retailers trade the groud floor accommodatio with umbers (Clarks) ad 6 (Max Speilma) fitted out i the stadard compay livery. All three retailers use the first floor as acillary accommodatio ad the staircase likig first to secod floors i all three properties has bee removed ad the space voided off. Teure The property is held freehold, subject to the teacies listed overleaf.

3 Teacy ad Accommodatio Address Teat Accommodatio Area (ft/ sq ft) Area (m/ sq m) Lease Start Lease Expiry Next Ret Review Teats Optio to Break Ret (p.a.x) Carolgate Stoeygate 19 (Clarks Frachisee) Iteral Width Shop Depth Groud Floor Sales Groud Floor Acil First Floor Store ITZA sq ft 98 sq ft 7 sq ft 60 uits 5.m 10.6m 5. sq m 9.1 sq m 39.7 sq m ,750 Carolgate Rasa Valatias t/a Clea Stitch Iteral Width Shop Depth Groud Floor Sales Groud Floor Acil First Floor Store ITZA sq ft 73 sq ft 9 sq ft 337 uits.00m 9.7 m 38. sq m 6.8 sq m 1.3 sq m ,500 6 Carolgate Photographic Retail 008 t/a Max Speilma Iteral Width Retur Frotage Shop Depth Groud Floor Sales Groud Floor Acil First Floor Stores ITZA sq ft 81 sq ft 636 sq ft 6 uits.m.7m 1.7m 61.5 sq m 7.5 sq m 59.1 sq m ,500 Total 3, ,750

4 Coveat Iformatio Stoeygate 19 Limited (Clarks Frachisee) (Compay No ) Net Assets 50,85 76,309 8,198 Profit & Loss Accout 18,03 99,810 38,91 Stoeygate 19 Limited was icorporated o 1 September 00 ad operates specialist footwear uits throughout the Midlads. Clarks have traded from the uit sice 198. The property has bee frachised sice 009. Stoeygate 19 Limited are rated 5 out of 100 represetig a average risk as defied by NCheck, part of Du & Bradstreet. Rasa Valatias t/a Clea Stitch This sole trader has bee tradig from Carolgate sice 17 Jue 013. A 3 moth retal deposit is held by the ladlord. Photographic Retail 008 Limited (tradig as Max Speilma) (Compay No ) Sales 3,797 13,591 13,177 Pre-Tax Profit 1, Tagible Net Worth,870 1, Photographic Retail 008 Limited trade as Max Speilma operatig specialist photographic/pritig shops throughout the UK employig over 500 people. Photographic Retail 008 Limited are rated 87 out of 100 represetig a very low risk as defied by NCheck, part of Du & Bradstreet.

5 50 metres Copyright ad cofidetiality Experia, 016. Crow copyright ad database rights 016. OS Produced by Word Perfect Prit. T: E: Retford Experia Goad Pla Created: 1/0/016 Created By: Ocklesto Bailey For more iformatio o our products ad services: goad.sales@uk.experia.com

6 EPC Up to date EPC Certificates are attached to these particulars. VAT The property has ot bee elected for VAT. Proposal We are istructed to seek offers i excess of 55,000 subject to cotract, ad exclusive of VAT, reflectig a et iitial yield of 10.1 % after deductig the usual purchasers costs of.8%. Further Iformatio For further iformatio, or to arrage a ispectio of the property, please cotact Hugh Ocklesto, Ocklesto Bailey hugh@ocklestobailey.co.uk Subject to Cotract Date of particulars : April 016 Misrepresetatio Act 1967 Ocklesto Bailey Ltd (ad their joit agets where applicable) for themselves ad for the vedors or lessors of this property for whom they act, give otice that : (i) these particulars are a geeral outlie oly, for the guidace of prospective purchasers or teats, ad do ot costitute the whole or ay part of a offer or cotract; (ii) Ocklesto Bailey Ltd caot guaratee the accuracy of ay descriptio, dimesio, refereces to coditio, ecessary permissios for use ad occupatio ad other details cotaied herei ad prospective purchasers or teats must ot rely o them as statemets of fact or represetatios ad must satisfy themselves as to their accuracy; (iii) o employee of Ocklesto Bailey Ltd (ad their joit agets where applicable) has ay authority to make ay represetatios or warraty or eter ito cotract whatever i relatio to the property; (iv) prices/rets quoted i these particulars may be subject to VAT i additio, (v) Ocklesto Bailey Ltd will ot be liable, i egligece or otherwise, for ay loss arisig from the use of these particulars.

7 This certificate has bee produced by E P C g e, a software module developed by B R E for C L G uder cotract with F M. The author of the program is J o s e O r t i z (o r t i z b r e. c o. u k ). Some security features proves the autheticity of this documet. S K S K D C L G x E P C g e This certificate has bee produced by E P C g e, a software module developed by B R E for C L G uder cotract with F M. The author of the program is J o s e O r t i z (o r t i z b r e. c o. u k ). Some security features proves the autheticity of this documet. S K S K D C L G x E P C g e This certificate has bee produced by E P C g e, a software module developed by B R E for C L G uder cotract with F M. The author of the program is J o s e O r t i z (o r t i z b r e. c o. u k ). Some security features proves the autheticity of this documet. S K S K D C L G x E P C g e Eergy Performace Certificate No-Domestic Buildig Eergy Performace Certificate No-Domestic Buildig Eergy Performace Certificate No-Domestic Buildig Carolgate RETFORD DN 6BU Certificate Referece Number: Oxfam Carolgate Retford DN 6BU Certificate Referece Number: Klick Photopoit 6 Carolgate RETFORD DN 6BU Certificate Referece Number: This certificate shows the eergy ratig of this buildig. It idicates the eergy efficiecy of the buildig fabric ad the heatig, vetilatio, coolig ad lightig systems. The ratig is compared to two bechmarks for this type of buildig: oe appropriate for ew buildigs ad oe appropriate for existig buildigs. There is more advice o how to iterpret this iformatio o the Govermet's website This certificate shows the eergy ratig of this buildig. It idicates the eergy efficiecy of the buildig fabric ad the heatig, vetilatio, coolig ad lightig systems. The ratig is compared to two bechmarks for this type of buildig: oe appropriate for ew buildigs ad oe appropriate for existig buildigs. There is more advice o how to iterpret this iformatio o the Govermet's website This certificate shows the eergy ratig of this buildig. It idicates the eergy efficiecy of the buildig fabric ad the heatig, vetilatio, coolig ad lightig systems. The ratig is compared to two bechmarks for this type of buildig: oe appropriate for ew buildigs ad oe appropriate for existig buildigs. There is more advice o how to iterpret this iformatio o the Govermet's website Eergy Performace Asset Ratig Eergy Performace Asset Ratig Eergy Performace Asset Ratig More eergy efficiet A+ Net zero CO emissios More eergy efficiet A+ Net zero CO emissios More eergy efficiet A+ Net zero CO emissios A 0-5 B 6-50 C D E F G Over This is how eergy efficiet the buildig is. A 0-5 B 6-50 C D E F G Over This is how eergy efficiet the buildig is. A 0-5 B 6-50 C D E F G Over This is how eergy efficiet the buildig is. Less eergy efficiet Less eergy efficiet Less eergy efficiet Techical iformatio Bechmarks Techical iformatio Bechmarks Techical iformatio Bechmarks Mai heatig fuel: Grid Supplied Electricity Buildig eviromet: Heatig ad Natural Vetilatio Total useful floor area (m ): 10 Buildig complexity (NOS level): 3 Buildig emissio rate (kgco /m ): Buildigs similar to this oe could have ratigs as follows: If ewly built If typical of the existig stock Mai heatig fuel: Buildig eviromet: Total useful floor area (m ): Buildig complexity (NOS level): 3 Buildig emissio rate (kgco /m ): Grid Supplied Electricity Heatig ad Natural Vetilatio Buildigs similar to this oe could have ratigs as follows: If ewly built 0 5 If typical of the existig stock Mai heatig fuel: Grid Supplied Electricity Buildig eviromet: Heatig ad Natural Vetilatio Total useful floor area (m ): 15 Buildig complexity (NOS level): 3 Buildigs similar to this oe could have ratigs as follows: If ewly built If typical of the existig stock