Quality High Yielding Industrial Investment Property. Unit 1, A1 Business Park, Knottingley Road, Knottingley, WF11 0BU

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1 Quality High Yielding Industrial Investment Property Unit 1, A1 Business Park, Knottingley Road, Knottingley, WF11 0BU

2 Investment Considerations High quality warehouse/industrial unit extending to 52,657 sq ft Headline rent of 184, ( 3.50 per sq ft) Estimated Rental Value of 224,000 per annum ( 4.25 per sq ft) Unexpired term of 2.75 years Asset Management opportunities Freehold Offers are sought in excess of 2,000,000 Attractive net initial yield of 8.67% Reversionary yield of 10.54% Attractive capital value of per sq ft

3 Northallerton Sca Ilkley Otley Bingley BRADFORD Ripon Harrogate A1(M) Leeds Bradford 45 LEEDS 1 M Halifax Pontefract 23 Dewsbury Wakefield M62 39 Huddersfield 38 M1 Knaresborough M Barnsley SHEFFIELD M M18 36 Rotherham York The Property 3 A1(M) M62 34 Selby 4 M Worksop Thorne DONCASTER Robin Hood M180 2 M62 Goole 38 Scunthorpe Lincoln Description The building is of steel portal frame construction over a concrete floor with part brick work, part steel profile sheet elevations and steel profile sheet clad roof incorporating translucent roof panels. The factory/warehouse has been fitted out with 4 indoor 3G 5 a-side football pitches and a children s soft play facility. The single storey office area is fitted out as a reception and café area and is licensed to sell alcoholic drinks. The area has a suspended ceiling and concrete floor with double glazed aluminium framed windows. The building has an eaves height of 7.1 metres, and is lit via suspended sodium lighting. Loading into the unit is by way of 2 ground level manual roller shutter doors, under a canopy. Externally, there is a secure concrete yard area, with a single point of access and a separate car park with 45 spaces. The secure yard is currently being used as an overflow car park. Situation A1 Business Park occupies a prominent position adjacent to the A1(M), with direct access to the M62 via Junction 33 some one mile to the south via the A645. The business park is generally made up of similar industrial buildings with several office buildings and family pub and hotel fronting onto the A645. Location A1 Business Park, is located adjacent to the junction of the A645 and A612, providing excellent vehicular access to both the national motorway network and the surrounding regional towns.

4 Tenancy Unit 1 is let to A1 Football Factory Limited by way of an FRI lease from the 16th of January 2014 expiring on the 15th of January Accordingly, there are circa 2.75 years unexpired lease term. The lease was assigned on 13th October 2015 to Simon Fletcher, David John Thorpe, Philip David Lindley and Richard Simon Thaler as Trustees of the A1 Football Community Trust. Furthermore, there is the benefit of a 30,000 rental deposit. The rent steps up on the following basis: Year Rent Rent (per annum) (per sq ft) 16th January th January th January th January th January th January , , , The tenant has fitted out the premises in accordance with an indoor football business; the works are in line with a licence to alter which can be provided on request via the data room. The vendor will top up the rent to the January 2018 uplift of 184,

5 Estimated Rental Value We are of the opinion that the property has an estimated rental value of 224,000 per annum which equates to 4.25 per sq ft. Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition) and can report the following Gross Internal Floor Areas. Area (sq ft) Area (sq m) Warehouse 50,274 4, Offices 2, Total 52,657 4,892 Site The building sits on a site of approximately 2.73 acres, providing a site cover of approximately 44%. Tenure The property is held freehold.

6 Covenant The tenant (Reg Charity ) is a newly established limited company who started trading in March 2014 and became a Community Trust in June 2015 which provides significant tax benefits. The tenant has spent in excess of 300,000 on the property for their operation to hire out 5 aside pitches and hold football coaching sessions. For more information please visit: VAT The property has been elected for VAT. The sale will be treated as a Transfer of a Going Concern (TOGC). Data Room A data room containing all legal and property related information is available on request from CPP. An Argus valuation CVL file or Excel spreadsheet containing a detailed tenancy schedule can be obtained from CPP on request. Proposal We have been instructed to seek offers in excess of 2,000,000. A purchase at this level reflects a net initial yield of 8.67% and a reversionary yield of 10.54%. This allows for purchaser's costs of 6.275% and an attractive capital value of per sq ft. The vendor will top up the income to the headline rent. Further Information Further information is available by contacting the sole agent: Roger Haworth MRICS DDI: +44 (0) E: roger@cppartners.co.uk W: EPC EPC is available upon request. MISREPRESENTATION ACT These particulars do not constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permission for use and occupation and other details contained herein are for general guidance only and prospective purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves as to their accuracy. Neither Commercial Property Partners, nor its employees or representatives have any authority to make or give any representation or warranty or enter into any contract in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function and prospective tenants/purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Prices/rents quoted in these particulars may be subject to VAT in addition. a) These particulars were prepared from preliminary plans and specifications before the completion of the properties and are intended only as a guide. They may have been changed during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the plans and specifications attached to their contract. b) We have not made any investigations into the existence or otherwise of any issues concerning pollution of land, air or water contamination and the purchaser is responsible for making his own enquiries in this regard. Designed and produced by Tel: April 2016.