VULCAN PARK WAY / NEWTON-LE-WILLOWS / WA 8NJ / LONG LET NEW BUILD FOOD STORE INVESTMENT OPPORTUNITY
A modern supermarket comprising (1,724 sq m) 18,557 sq ft GIA with 111 surface car parking spaces. Let to Aldi Stores Limited for a term of 20 years. 5 yearly rent reviews with fixed increases to 2.25% per annum compounded. The initial rent is 282,4 per annum reflecting a low initial rent of 15.25 per sq ft. Prominent position accessed off Vulcan Park Way forming part of large residential development by Persimmon and Jones Homes. Strong catchment demographics within a minute drive time. Practical completion estimated for April 2017. We are instructed to seek offers in excess of 5,300,000 (Five million three hundred thousand pounds), subject to contract and exclusive of. A purchase at this level reflects an attractive net initial yield of 5.01% after allowing for usual acquisition costs of 6.60%. The yield increases to 5.60% in 2022, 6.26% in 2027 and 6.% in 2032.
D 1 7 5 LIVERPOOL A561 4 M57 ST HELENS A58 2 1 6 A562 2 23 A4 21a WARRINGTON 21 20 2 M56 A556 02 MANCHESTER 0 6 3 1 23 Lodge Ln Crow Ln E Newton-le-Willows Vulcan Park Way Newton Road A4 SAT NAV: WA 8NJ A540 M53 A550 A55 16 15 14 A51 CHESTER A56 M56 NORTHWICH MIDDLEWICH 1 18 HOLMES CHAPEL A34 KNUTSFORD Wargrave Road Alder Ln 2 Newton Rd Hollins Ln A4 22 2 Southworth Ln 21A 21A Newton Le Willows is a market town in the borough of St Helens situated midway between Manchester (20 miles) and Liverpool (20 miles). Junction 23 of the motorway is situated 1.5 miles to the north providing access to Birmingham to the south and Scotland to the north. Junction of the 2 motorway is within 2 miles providing access to Manchester to the east and Liverpool to the west. There are two railway stations at Earlestown and Newton Le Willows providing regular services to Manchester, Liverpool and Warrington. There is also a bus station at Earlestown with links to St Helens, Wigan, Warrington and Leigh. The unit is located in a prominent position on the corner of Vulcan Park Way and Wargrave Road. It forms part of a larger residential site being developed by Persimmon and Jones Homes. minutes drivetime 20 minutes drivetime 51,411 TOTAL POPULATION 601,787 TOTAL POPULATION 22,467 TOTAL HOUSEHOLDS 255,170 TOTAL HOUSEHOLDS
The property is currently being constructed by Seddon (www.seddon.co.uk) with PC in April 2017. It will comprise a modern purpose built Aldi supermarket with ancillary storage and car parking. There is an enclosed loading area to the side of the unit. The car park comprises 111 surface car parking spaces (including 6 disabled). Access to the store is from Vulcan Park Way. The property will provide (1,724 sq m) 18,557 sq ft GIA. Internally there is the main trading area, loading bay, freezer stores and staff facilities. The site is approximately 0.755 ha (1.866 acres). Planning consent was granted in September 20 for the wider development which included the food store. Full planning documentation is available on request. Vulcan Park Way 111 Car Parking Spaces Wargrave Road
The property is held freehold. Aldi Stores Limited have entered into an agreement for lease whereby the parties will enter into a new Full Repairing & Insuring lease for a term of 20 years from practical completion. The initial rent is 282,4 per annum, which equates to 15.25 per sq ft, based on a total floor area of 18,557 sq ft. The rent is subject to five yearly fixed increases to 2.25% per annum compounded. Rental Increases Initial Rent 282,4 April 2022 316,26 April 2027 353,517 April 2032 35,118
Aldi Stores Ltd have a Dun & Bradstreet rating of 5A1, which represents a minimum risk of business failure. As the UK s 6th largest supermarket, Aldi has more than doubled its UK market share since 20. In the weeks ended 1st January 2017 Aldi had 6.0% share of the UK foodstore market (Kantar Worldpanel data). As a leading discount supermarket chain, the company has over,000 stores in 18 countries throughout Europe and United States. Within the UK the company is expanding rapidly, and is looking to reach a target of 1,000 stores by 2022. A summary of the latest accounts are below: 31//2015 31//2014 31//2013 Turnover 7,705,140,000 6,83,256,000 5,271,852,000 Pre-tax profits 2,621,000 250,584,000 260,83,000 Shareholders Funds 2,076,738,000 1,54,755,000 1,824,748,000
Will be provided on practical completion. The property is elected for. Our client is seeking offers in excess of 5,300,000 (Five Million, Three Hundred Thousand Pounds), subject to contract and exclusive of. A purchase at this level would provide an attractive net initial yield of 5.01% assuming purchasers costs of 6.60%. The purchaser is seeking to complete the purchase on practical completion which is due in April 2017. April 2017 5.01% April 2022 5.60% April 2027 6.26% April 2032 6.% For further information or to arrange a viewing, contact: Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any ( LSH ) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to and any prospective buyer or tenant must satisfy themselves concerning the correct position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists impressions or architects drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters. 771 February 2017 carve-design.co.uk Ben Roberts E: broberts@lsh.co.uk T: 0161 242 8002 James Cartmell E: JCartmell@lsh.co.uk T: 020 718 2154 Abid Jaffry E: ajaffry@lsh.co.uk T: 0161 242 70 Lawrence Vaughan E: lvaughan@lsh.co.uk T: 0161 242 7077