232 walton summit Industrial Estate Oldfield Road, Preston, PR5 8BG

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1 22 walton summit Industrial Estate FOR SALE Single Let Industrial Investment Opportunity ENTER

2 22 walton summit Industrial Estate INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION INVESTMENT SUMMARY Single let industrial building located in the established Walton Summit Industrial Estate, Preston. Located less than mile from the (Junction 29) and (Junction 2) linking to the wider motorway network The building currently extends to 7,70 sq ft and has planning consent for a further,000 sq ft. The building is let to Sliders (UK) Limited by way of a new 0 year FRI lease. The new lease is at a passing rent of,000 per annum, reviewed in the th year to RPI (uncapped). Seeking offers of.7m (One million, Seven Hundred Thousand Pounds), which reflects a net initial yield of 8.%, after usual purchaser costs of.8%

3 Jct 0 INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION Bamber Bridge Station Sat Nav PR 8BG B28 Station Road Bamber Bridge Br ier ly Rd Preston is the principle administrative centre of Lancashire and represents the North-West region s third largest city after Manchester and Liverpool. Preston was granted city status in 2002 and is situated approximately km ( miles) north-west of Manchester, km ( Blackburn miles) north of Liverpool and km (9 miles) south-east of Blackpool Rd oad field Old Oaks R r Fou Jct 2 Chorley n to es Pr Liverpool / Warrington & The South Jct 9 Fo ur Oa ks Ro ad Jct 29 LOCATION ad it Ro mm n Su o lt Wa Wa lto ns um mi tr oa d oa d 22 walton summit Industrial Estate The city benefits from excellent road communications, with the motorway accessed via Junction 29-2 and direct links to the M, and motorways. Preston Railway Station is situated on the West Coast Mainline, connecting with London and Glasgow. The city has a resident population in the order of 90,000 with a catchment population estimated at 0,000 people within one hour s drive. ad Ro Bolton & Manchester M Blackpool Lancaster & The North 2 A8 29 Leyland Burnley Blackburn 0 A82 A9 Preston A A 8 Chorley Southport 27 M7 A Liverpool 2 A79 A7 A00 A PRESTATYN M A Widnes A7 9 0 M A Altrincham Warrington 7 A 2 A Liverpool John Lennon Airport 27 Manchester 8 A A 2 A7 Manchester 2 A A Oldham 0 Liverpool 2 9 St Helens A0 A Wigan 7 A8 2 M8 2 7 A Skelmersdale Rochdale Bolton Ormskirk Hud A8 A Halifax Rawtenstall Darwen 28 A Stockport 0 Manchester Airport A2

4 22 walton summit Industrial Estate INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION SITUATION Walton Summit Industrial Estate is a well-established and recognised area strategically situated within the Bamber Bridge area of Preston, approximately 2. miles ( km) to the south-east of Preston city centre. The estate has excellent road communications being situated within the boundary of three motorways, namely the, and. JCT JCT 29 Sat Nav PR 8BG The subject property is situated on Oldfield Road within the heart of the industrial estate and can be accessed either by Walton Summit Road or Four Oaks Road. Occupiers in the vicinity include Thyssenkrupp Aerospace, Babcock Rail, Mann Trucks and Three National Ltd. JCT 9

5 22 walton summit Industrial Estate INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION Site Plan DESCRIPTION The property comprises a single let industrial building of steel framed construction under a pitched roof. The property is clad in part brick and part profile metal cladding with an approximate user height of meters to the underside of the haunch. Access is provided by way of 7 roller shutter doors. In addition to the main warehouse the property benefits from a standalone workshop unit of brick construction. The property benefits from a secured compound area situated to the eastern elevation and a large car park to the western elevation. Right of the other estate occupiers to park within this area

6 22 walton summit Industrial Estate INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice (th Edition) and we have calculated the total Gross Internal Area of 7,70 sq ft. The property is situated on a site of 2.78 acres (.27 hectares) and provides an approximate site density of only 27%. SQ FT SQ M Warehouse,2,9.7 Offices,2.0 Total 7,70,02.77 PLANNING CONSENT The current tenant and vendor have previously secured a planning consent to extend the existing building by approximately,000 sq ft and to reconfigure the existing car park and install new security fencing. Whilst the tenant does not require expansion space immediately, the planning consent was secured to safeguard future business expansion. It is envisaged that the tenant will require the additional space within 2 years. LEASE The property is currently let in its entirety to Sliders (UK) Limited and a new 0 FRI year lease has been agreed at a rent of,000 per annum to commence August 20. The lease includes an upward only rent review in the th year to RPI (uncapped). TENURE Freehold. EPC EPCs have been instructed and are available upon request. Planning Consent Drawing

7 22 walton summit Industrial Estate INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION COVENANT STATUS Sliders (UK) Ltd (Company No. 028) are a leading manufacturer and fabricator of Secured by Design patio doors, bi-folding doors and composite doors. Sliders are known for their innovative product range which has seen many firsts, including the first UPVC in-line patio door, the first purpose built UPVC bi-folding door and the first aluminum bi-folding door to be produced in the UK with Secured by Design accreditation. The company invest 00,000 annually in research and development to ensure their products are always at the forefront of the industry. The innovative approach of the company has led to a significant increase in sales over recent years. The company has posted the following accounts: YEAR ENDING /0/ /0/ /0/2 Turnover 9,707,000 7,2,000,7,000 Pre-tax Profit 820,000 0,000 2,000 Net Worth 0,000 2,000,000 Further information available on request.

8 22 walton summit Industrial Estate INVESTMENT SUMMARY GALLERY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION

9 22 walton summit Industrial Estate INVESTMENT SUMMARY LOCATION SITUATION DESCRIPTION ACCOMMODATION & TENANCY COVENANT STATUS GALLERY FURTHER INFORMATION VAT We understand that the property has been elected for VAT which will therefore be chargeable on the sale. It is envisaged that the transaction will be by way of a transfer of a going concern (TOGC). TENURE Freehold. PROPOSAL We are seeking offers of,700,000 (One million, Seven Hundred Thousand Pounds), which reflects a net initial yield of 8.%, after usual purchaser costs of.8%. EPC An EPC has been produced and is available upon request. The asset is held in an off-shore SPV which could be made available. CONTACTS Oliver Rowe orowe@whrproperty.co.uk Dan Crossley dcrossley@whrproperty.co.uk Mark Williams mwilliams@whrproperty.co.uk WHR instructed on behalf of Misrepresentation Act 97. Unfair Contract Terms Act 977 The Property Misdescriptions Act 99. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. July 20. RB&Co