WELL-LET SUBURBAN RETAIL PARADE 178/184 AIGBURTH ROAD, LIVERPOOL, L17 9PE

WELL-LET SUBURBAN RETAIL PARADE 178/184 AIGBURTH ROAD, LIVERPOOL, L17 9PE

EXECUTIVE SUMMARY Three unit retail parade, adjacent to Home Bargains, in a busy Liverpool suburb Prominent frontage to a main arterial road Total current income: 132,730 per annum 75% of income secured to Tesco Stores Ltd until 2022 with fixed increases in 2019 and 2020 Price: Offers in excess of 1,650,000 which would show a net initial yield of 7.58% after allowing for purchaser s costs at 6.16%

LOCATION The historic port of Liverpool is the UK s sixth largest city and the commercial administrative centre for the county of Merseyside. The city has an urban population of approximately 435,000 and a wider district population in excess of 1.8m within 30 minutes of the city centre. Ordnance Survey Licence number 100022432 Ordnance Survey Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:50000 Factory Pro trial version www.pdffactory.com The city has excellent communication links with the M62, M57 and M58 motorways providing direct access onto the M6 whilst the city centre is linked to the Wirral, Chester and North Wales by two tunnels which give access to the M53/ Wirral Peninsula. Liverpool John Lennon Airport is located approximately 6 miles south of the city centre and is one of Europe s fastest growing regional airports. Liverpool Lime Street Station has a direct rail service to London Euston with a journey time of approximately 2hrs. The Liverpool City Region is a 35b economy creating over 1m jobs employed across 90,000 businesses. The city is the third largest wealth management centre in the UK and home to a number of major financial institutions and public bodies. Major employers include Royal Sun Alliance, Jaguar Land Rover, Barclaycard, Shop Direct, HMRC and the Passport Office.

SC O The subject property is located on the southern side of Aigburth (A561) in the Aigburth district of South Liverpool. Aigburth is the main arterial road running south from Liverpool City Centre connecting with the south Liverpool suburbs and Liverpool John Lennon Airport and thereafter linking with Widnes and Runcorn. Home Bargains are immediately adjacent to the subject property with other national retailers nearby including Subway, HSBC, William Hill and Bargain Booze. In addition there are a host of local retailers who serve this busy residential district. TE ZO RB A HE FO RO OD N S SITUATION HOME BARGAINS DESCRIPTION The property comprises a substantial detached building arranged over ground and first floor levels sub-divided so as to provide three self-contained retail units. The property is of frame construction with brick facing elevations set beneath flat concrete roof structures. The property is set within a rectangular plot of land with service yard and parking to the rear. TENANCY SCHEDULE Unit Tenant Use 178 Mr Café Aigburth S Zorba Floor Area sqft. (GIA) Lease Term Start Expiry Rent Rent per Reviews annum 915 15 year 25.3.11 24.3.26 5 yearly 9,000 (25.3.16) 180/182 Heron Aigburth Foods Ltd Supermarket GF Sales 2,207 GF Ancillary 130 FF Ancillary 443 10 year 28.4.10 27.4.20 5 yearly (n/a) 23,730 184 Tesco Aigburth Stores Ltd Supermarket GF Sales 9,284 Mezzanine 152 FF 8310 5 year 100,000 TOTALS 24.6.17 23.6.22 n/a 132,730 Comments Rent rises in year 3 to 102,500 pa, year 4 to 105,000 pa

COVENANT INFORMATION TESCO STORES LTD Tesco are the largest retailer in the UK and the market leader in the grocery sector with a market share of approximately 28%. They trade from other 3,400 stores in the UK. Tesco Store Ltd have a Dun & Bradstreet rating of 5A2. Year to Date Turnover Pre-Tax Profit (Loss) Tangible Net Worth 27/02/16 39,843,000,000 ( 231,000,000) 1,077,000,000 28/02/15 42,278,000,000 ( 3,727,000,000) ( 98,000,000) 22/02/14 42,547,000,000 1,696,000,000 3,038,000,000 HERON FOODS LTD Heron Foods are a leading frozen food retailer established in Hull in 1978. They trade from 243 shops throughout the UK. Heron Foods Ltd have a Dun & Bradstreet rating of 4A2. Year to Date Turnover Pre-Tax Profit (Loss) Tangible Net Worth 26/12/15 252,520,329 1,854,186 30,228,203 27/12/14 255,138,454 1,908,478 28,145,411 28/12/13 249,688,954 2,301,042 26,419,497 TENURE Freehold ENERGY PERFORMANCE CERTIFICATES The Energy Performance Asset Rating Bands are as follows: 176 Aigburth (café) C61 184/198 Aigburth (Tesco) D77 180/182 Aigburth (Heron) D79 Full copies of the EPCs are available at www.epcregister.com PROPOSAL We are instructed by our clients to seek offers in excess of 1,650,000 (One Million, Six Hundred and Fifty Thousand Pounds) for the freehold interest. An acquisition at this level reflects the following yield profile assuming purchaser s costs at 6.16% - net initial yield 7.58%, June 2019 7.72%, June 2020 7.86%. VAT The property is elected for VAT and provided certain criteria are met, the transaction may be treated as a Transfer of a Going Concern (TOGC). FURTHER INFORMATION For further information or an appointment to view please do not hesitate to contact: JAMIE MOFFATT T: 0151 242 3042 M. 07798 576 799 E: jamie.moffatt@masonowen.com ANDREW SCOTT T: 0151 242 3043 M. 07786 171 406 E: andrew.scott@masonowen.com Misrepresentations Act. The accuracy of any description, dimensions, references to condition is for general guidance only and prospective tenants must not rely on them as statements of fact. Neither Mason Owen nor any of its employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the Property. DESIGNED AND PRODUCED BY ALEXANDER MACGREGOR LTD. WWW. ALEXANDERMACGREGOR.CO.UK