the PRIME DISTRIBUTION WAREHOUSE INVESTMENT THE DUKE, WELLINGTON ROAD, BURTON-UPON-TRENT, DE14 2XG

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1 the PRIME DISTRIBUTION WAREHOUSE INVESTMENT THE DUKE, WELLINGTON ROAD, BURTON-UPON-TRENT, DE14 2XG

2 Investment Summary The property is situated within the established and fully occupied Centrum 100 distribution park in Burton upon Trent just off the A38, which provides direct access to both the M6 and M1 motorways Modern high specification warehouse totalling 303,047 sq ft (28, sq m) on a site extending to acres, providing a site density of 49% Excellent specification including: 12m eaves, 24 dock level and 4 level access loading doors plus car parking for 357 cars, along with well specified two storey office accommodation Excellent EPC Grade A rating Let to Clipper Logistics Group Limited, with a guarantee from Clipper Group Holdings Limited, on a new 10 year FRI lease from 1 August 2013, therefore 10 years unexpired Clipper Group's client for the whole building is SuperGroup PLC (2012 Turnover 314m; 2011 Turnover 238m) Freehold Initial passing rent is to be 1,439,473 per annum reflecting a low rate 4.75 per sq ft The rent is subject to a fixed increase on the 1 August 2018 to 1,530,387 per annum reflecting 5.05 per sq ft Price on application SPV available by separate negotiation.

3 28 VICTORIA ROAD Stoke-On-Tent A38 SHOBNALL ROAD Location Burton upon Trent lies within Staffordshire, strategically located 29 miles (46 km) to the north east of Birmingham and 32 miles (51 km) to the south west of Nottingham. Burton upon Trent benefits from being located on the A38 West Midlands spine road, close to its intersection with the A50, which provides links to the M6 motorway and the M1 motorway. 15 M6 A50 M6T T5 A38 A511 Lichfield Tamworth M42 Derby BURTON-UPON TRENT A A444 A42(M) 11 A444 A50 Nottingham 25 A M1 Leicester A38 PARKWAY A5121 SHOBNALL ROAD WELLINGTON ROAD the A5121 A5189 Situation The Duke lies on the south side of Burton upon Trent situated in a prominent position on Wellington Road and forms part of the established Centrum 100 distribution park. Centrum 100 is a 200 acre mixed use development with industrial, warehouse and office use. Major occupiers on the estate include Argos, Boots, B&Q, Coors, DHL, Hobbycraft, Marmite, Palletforce, Pirelli, Rolls Royce, Unilever and Waterstones. Drive Times Derby Coventry Birmingham Leicester Nottingham Sheffield Leeds Cheltenham Gloucester Milton Keynes Oxford Liverpool Luton Hull York Cambridge Bristol London Cardiff M5 M6 BIRMINGHAM Southampton T1/9 M42 20 mins 35 mins 40 mins 50 mins 45 mins 1 hr 5 mins 1 hr 30 mins 1 hr 30 mins 1 hr 30 mins 1 hr 30 mins 1 hr 40 mins 1 hr 40 mins 1 hr 40 mins 1 hr 50 mins 1 hr 50 mins 2 hrs 00 mins 2 hrs 00 mins 2 hrs 30 mins 2 hrs 30 mins 2 hrs 45 mins M6 Coventry A444 the A5018 Airports East Midlands 21 miles 32 mins Birmingham 30 miles 45 mins Manchester 69 miles 1 hr 23 mins London Heathrow 127 miles 2 hrs 27 mins Seaports Hull 108 miles 2 hrs 7 mins Felixstowe 173 miles 3 hrs 30 mins Ashford (Channel Tunnel)190 miles 3 hrs 24 mins Dover 211 miles 3 hrs 43 mins Up to 30 minutes drive time Up to 1 hour drive time Up to 2 hours drive time Up to 4 hours drive time Up to 8 hours drive time

4 Accommodation The site extends to a total area of acres (5.55 Ha), providing a site coverage of approximately 49% based on the following gross internal floor areas. Description sq ft (GIA) sq m (GIA) Warehouse 286,982 26, Ground floor offices 7,607 1, First Floor Offices 8, TOTAL 303,047 28, Description The unit is able to accommodate 303,047 sq ft (28, sq m). The property benefits from the following specification: The property was built by John Sisk & Co. comprising 287,000 sq.ft of warehouse, with 16,065 sq.ft of ancillary office accommodation arranged over ground and first floors. The unit is able to accommodate up to 54,608 or 48,592 pallet spaces on either a narrow or wide aisle basis. 40 ft (12 m) eaves height 50kN/sq m floor loading 10% roof lights 24 dock level loading doors 4 level access loading doors 55 HGV spaces 50m yard depth 357 car parking spaces The ancillary two storey office accommodation is well specified with central heating, raised floors, suspended ceilings and trunking for CAT 5 cabling. This plan is published for identification purposes only. Any site boundaries are indicative and should be checked against title deeds.

5 Tenure Freehold. Tenancy The property is newly let to Clipper Logistics Group Limited, with a guarantee from Clipper Group Holdings Limited, on a new Full Repairing and Insuring lease for a term of 10 years from 1 August 2013 and expiring 31 July This provides an unexpired term of 10 years. The tenant is currently in the process of fitting out the building. A5121 Wellington Road A38 The initial passing rent will be 1,439,473 per annum, which equates to a low rate of 4.75 per sq ft, however rent is subject to a fixed increase on 1st August 2018 to 1,530,387 per annum reflecting a rate of 5.05 per sq ft.

6 Covenant Information Clipper Logistics was established in 1992 and has grown to be one of the UK s leading independent logistic companies. Clipper currently have over 2,500 employees working from 32 sites with a fleet of over 400 vehicles operating 6.5 million sq ft of warehousing. Their impressive list of clients include John Lewis, Harvey Nichols, Whistles, ASDA and SuperGroup plc. Clipper Logistics Group Limited currently has an Experian rating of 93/100, which represents a very low risk of business failure. A summary of the tenant s three years trading history is as follows: Company Number 30/04/ /04/ /04/ GBP GBP GBP Turnover 82,565,000 82,817,000 75,176,000 Pre-tax Profit 3, ,096,000 1,848,000 Net Worth ( 1,914,000) ( 3,387,000) ( 4,778,000) Clipper Group Holdings Limited currently has an Experian rating of 92/100, which represents a very low risk of business failure. A summary of the tenant s three years trading history is as follows: Company Number 30/04/ /04/ /04/ GBP GBP GBP Turnover 174,993, ,838, ,761,000 Pre-tax Profit 4,142,000 4,293,000 1,156,000 Net Worth ( 4,958,000) ( 8,161,000) ( 14,525,000) VAT The property is elected for VAT, however it is anticipated that the transaction will be treated as a TOGC.

7 Proposal Price on application. SPV available by separate negotiation. EPC

8 Contact For further information please contact the vendor s sole agents: Jonnie Ray T: E: jonnie@cortexpartners.co.uk Cortex Partners, 7 Cork Street, London W1S 3LH Tim Cuzens T: E: tim@cortexpartners.co.uk Misrepresentation Act 1967 Cortex Partners, for themselves and the vendors of the property whose agents they are, give notice that: 1. These particulars are a general outline only for the guidance of prospective purchasers and do not constitute the whole or any part of an offer or contract: 2. Cortex Partners cannot guarantee the accuracy of any descriptions, dimensions, references to condition, necessary permissions of use and occupation and other details contained herein and therefore prospective purchasers must not rely on them as statements of factor representations and must satisfy themselves as to accuracy: 3. Cortex Partners or their employees do not have any authority to make or give representation or warranty or enter into any contract whatever in relation to this property: 4. Rents and prices quoted may be subject to VAT in addition: 5. Cortex Partners will not be liable in negligence or otherwise for any loss arising from the use of these particulars: 6. No responsibility can be accepted for any expenses occurred by intending purchasers in inspecting properties which have been sold or withdrawn: 7. Cortex Partners have not made any investigations into the existence or otherwise of any issues concerning pollution, potential land, air or water contamination. The purchaser is responsible for making their own enquiries in this regard. May Designed & Produced by CORMACK Clipper branding is for indicative purposes only