suiteportfolioretail and warehouse investment opportunity
suiteportfolio
The Suite Portfolio offers the opportunity to acquire 4 Retail Warehouse units and 3 Warehouse/Manufacturing units, let to DFS Trading Ltd (a 5A1 covenant ) for in excess of 16 years.
suiteportfolio
Portfolio Highlights 5 Freeholds and 2 Leasehold interests
4 retail warehouse schemes and 3 Manufacturing/Warehouse units in established locations
All of the properties are let to DFS Trading Ltd for a term 25 years from 24 March 2005
DFS Trading Ltd has a D&B rating of 5A1
DFS Trading Ltd reported in July 2012 Pre-Tax Profits of £70.2m and a Net Worth of £63.3m
Over 16 years unexpired without break
Total Net Passing rent £2,290,126 pa
Offers in excess of £24,185,000 (Twenty Four Million One Hundred and Eighty Five Thousand Pounds)
Net Initial Yield 8.95%
suiteportfolio
M1
M11
M25
M25
M40
M40
M1
M1
M6
M6M5
M5
M62M65
M60
M56
M66
M18
A1
A63
A15
A1
A1
A428
A14
A43
A47
A11
A11
A46
A38
A52
A52
A1(M)
A1(M)
A1(M)
A1(M)
M180
■PLYMOUTH
■
SUNDERLAND■
CARLISLE
■
GLASGOW
NEWCASTLE UPON TYNE■
EDINBURGH■
PERTH■
DUNDEE■
■BOLTON
■SWANSEA
■NORWICH
■BRISTOL
■BATH
■PORTSMOUTH
■SOUTHAMPTON
BIRMINGHAM■
OXFORD■
CAMBRIDGE■
PETERBOROUGH■
NORTHAMPTON■
IPSWICH■
LIVERPOOL■
YORK■
LEICESTER■
■SHEFFIELD
■BUXTON
BARNSLEY■
■HALIFAX
■MILTONKEYNES
READING■
SWINDON■
■COVENTRY
WOLVERHAMPTON■
STAFFORD■
BOSTON■
CARDIFF■
■GAINSBOROUGH
■GRIMSBY
NEWARK-ON-TRENT■
STOKE-ON-TRENT■
NEWCASTLE-UNDER-LYME■
LINCOLN■
CARCROFT
MATLOCK
SOMERCOTES
BRIGGMANCHESTER
LONDON
LEEDS
DONCASTER
SCUNTHORPE
DERBYNOTTINGHAM
CHESTERFIELD
HULL
A1
A628
A635
A630
A6182
A19
A18
A638
M1
M18
M62
M180
A1(M)
A1(M)
CARCROFT
DONCASTER
DFS are the leading retailer of upholstered furniture in the United Kingdom currently operating out of 97 stores totalling 1.4 million sq ft.DFS (formerly Direct Furnishing Supplies) was established in 1969.
The company is a clear UK market leader with a 28% share of the estimated £2.77 billion upholstered furniture market in 2012, which was approximately four times that of any other upholstered furniture specialist.
All of the products DFS sell are made to order and, as a result, there is minimal exposure to inventory risk. They have three upholstered furniture manufacturing facilities, all of which are located in the United Kingdom. Sales densities are significantly higher than their rivals in the furniture sector:
Retailer Sales per sq ft (£) Operating profit margin (%)
DFS £410 7.6%
Ikea £260 3.0%
Oak Furniture Land £240 11%
Dunelm £195 15.8%
SCS £158 0.3%
Bensons/Harveys Homestyle £135 3.6%
Carpetright £87 3.5%
suiteportfolio
DFS Trading Limited
The DFS group is wholly owned by Advent International, a private equity firm, who purchased DFS in 2010 for circa £500 million. For the 52 weeks ended 27 October 2012 the group generated turnover of £640.5 million and Adjusted EBITDA of £83.5 million with an Adjusted EBITDA margin of 13.0%.
The occupational tenant under all the occupational leases within the Portfolio is DFS Trading Limited (Company Number: 01735950). This company is a wholly owned subsidiary of DFS Furniture Company Ltd which itself is a wholly owned subsidiary of DFS Furniture Holdings plc.
DFS Trading Limited is the primary trading company within the DFS group and includes both the manufacturing and retail operations of the business. Based on information from Dun & Bradstreet, DFS Trading Ltd is rated as 5A1
For the year ending 28th July 2012, DFS Trading Ltd reported a turnover of £624,000,000 a pre-tax profit of £70,200,000 and a net worth of £63,300,000.
Lease length
All leases are for a term of 25 years from 24 March 2005, therefore having an unexpired term of 16 years and two months. This is double the IPD retail warehousing average lease length.
leng
th (
year
s)A
vera
ge le
ase
leng
All RW All Property Suite Portfolio unexpired term
Average lease length 2000-2012
SCUNTHORPE DONCASTER DONCASTER
suiteportfolio
No. Address Town Postcode Tenure Site Area Accommodation Sq m Sq ft Gross Rent pa Rent psf Net Rent
1 DFS Unit, Scawby road, Brigg Scunthorpe DN20 9JH Freehold 1.97 acres retail Warehouse 1,967 21,173 £411,004 £19.41 £411,004
2 DFS Unit, 16 High Street, Carcroft Doncaster DN6 8DP Freehold 1.61 acres retail Warehouse 3,175 34,175 £458,582 £13.42 £458,582
3 DFS Unit, Hangthwaite road, Carcroft Doncaster DN6 7BDLeasehold - 68 years unexpired at £12,575 pa
2.18 acres Warehouse 2,625 28,255 £150,805 £5.34 £138,230
4DFS Unit, Warney Brook Furniture Centre, Dale road Souith, Darley Dale
Matlock DE4 2ET Freehold 9 acres retail Warehouse 6,947 74,776 £527,027 £7.05 £527,027
5DFS Unit, The Dining room Centre, reed Street
Hull HU2 8JJLeasehold - 101 years unexpired at £10pa.
0.45 acres retail Warehouse 1,029 11,076 £196,784 £17.77 £196,774
6DFS Unit, Lincoln House, 7 Birchwood Way, Somercotes
Alfreton DE55 4QQ Freehold 5.60 acres Manufacturing 5,463 58,803 £325,797 £5.54 £325,797
7 DFS Unit, Bentley Moor Lane, Carcroft Doncaster DN6 7BD Freehold 2.32 acres Manufacturing 4,766 51,303 £232,712 £4.54 £232,712
TOTAL 25,972 279,561 £2,302,711 £2,290,126
HULL DONCASTERMATLOCK ALFRETON
SCUNTHORPE
suiteportfolio
A63
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A38
A38
A38
A52
A52
A52
A46
A46
A46
A46
A57A57
A57
A15
A15
A15
A15
A6A1
A1
A1
A1
A1
A666
A628
A623
A523
A523
A520
A520
A523 A610
A453 A606
A607
A619
A617
A617
A614
A614
A158
A156
A631A631
A180
A616
A164
A6097
M6
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M)
M180M181
NOTTINGHAM
SCUNTHORPEGRIMSBY
HULL
DONCASTER
ROTHERHAM
SHEFFIELD
BRIGG
HALIFAX
Huddersfield
Wakefield
Barnsley
DERBY
Newcastle-under-LymeStoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
Grantham
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
Dis
tric
tNN
aatio
nal p
ark
Brigg
Bridge Street
Manley G
ardens
Engine
Street
Cad
ney Road
Elw
es S
tree
t
Bigby Street
Albert Street
Bigby Road
Gra
mm
ar S
choo
l Ro
ad
Wes
ley
Rd
As
h Grove
Redcombe Lane
Colton Street
Ath
erto
n W
ay
Swift D
r The Moorings
Waters E
dge
B1206
A18
An
ch
olm
e Way
A18 Bridge Street
A18 Scawby Road
Wraw
by Street
A18 Barnard Avenue
A1084
Bigby Road
A18
W
raw
by R
oad
M180M180
BriggRecreation
GroundBrigg TownFootball Club
Co Const & Ward Bdy
Drain3.6m
3.9m
SCAWBY ROAD
El
Sub Sta
1
3
9
2
1
10
CourtYarborough
Drain
TEAL CLOSE
WA
TE
RS
ED
GE
MIL
L C
LO
SE
MILLERS QUAY
Ppg Sta
7
1
9
5
11
15
21
23
29
9
7
1
15 11
5
2
4
19
15
11
4
2
17
12
7
8
63
0m 10m 20m 30m
DFSBridge Street
BriggSouth Humberside
DN20 8NQ
Ordnance Survey © Crown Copyright 2014. All rights reserved.
Licence number 100022432. Plotted Scale - 1:1099
© Crown Copyright, ES 100004106
LocationScunthorpe is located 25 miles to the north of Lincoln and is 15 miles to the south of Hull. Transport links are provided via the M180 linking the town to the M18, M1 and the wider motorway network.
The nearest rail station is situated in Scunthorpe providing regular services to London Kings Cross with a fastest journey time of 2 hours and 20 minutes.
SituationThe property is situated approximately 800m west of Brigg town centre along the A18 Scawby road. The surrounding area is characterised by residential dwellings and a number of industrial units.
DescriptionThe property comprises a detached portal frame retail warehouse unit built circa 1990 with an eaves height of 6.2m. There are approximately 68 car parking spaces to the front of the property, which are for the sole use of the customers and employees of the store.
The site area extends to approximately 1.97 acres (0.80 hectares).
Accommodation
Floor/Unit Sq M Sq Ft
retail Unit A 1,967 21,173
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The rent on completion will be £411,004 per annum, reflecting £19.41 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
Catchment and DemographicsThe total population within the primary catchment area is 173,000, which ranks as average across the UK’s key towns and cities according to PrOMIS. There is a high proportion of older working aged adults aged 45-64 and also a high proportion of retired residents in the area. Car ownership is above average compared to the national average.
PlanningThe property can be used for the sale of furniture only.
TenureFreehold
EPCThe property has been rated 51(C). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
DFS UNIT, SCAWBY ROAD, BRIGG SCUNTHORPE, SOUTH HUMBERSIDE, DN20 9JH
DONCASTER
suiteportfolio
A63
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A19
A38
A38
A38
A52
A52
A52
A46
A46
A46
A46
A57A57
A57
A15
A15
A15
A15
A6A1
A1
A1
A1
A1
A666
A628
A623
A523
A523
A520
A520
A523 A610
A453 A606
A607
A619
A617
A617
A614
A614
A158
A156
A631A631
A638
A180
A616
A164
A6097
M6
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M) M180
M181
NOTTINGHAM
SCUNTHORPEGRIMSBY
HULL
DONCASTER
ROTHERHAM
SHEFFIELD
CARCROFT
HALIFAX
Huddersfield
Wakefield
Barnsley
DERBY
Newcastle-under-LymeStoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
Grantham
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
Peak
Dis
tric
tNN
aatio
nal p
aaaarrrrrrkkkkkk
Ow
sto
n R
oad
High Street
Park A
venue
Traf
alga
r Stre
et
Gra
smer
e R
oa
d
Chestnut Avenue
Langdale Road
Ow
ston Road
Queen’s R
oad
B1220 Skellow Road
B1220 Station Road
B1220 Askern Road
8.9m
Walk
AV
EN
UE
WA
LK
HIGH STREET
MA
RT
IND
ALE
PARK
CR
OA
SD
ALE
GD
NS
6
20
9
2
21
4
1
57a
8
33
29
13
18
New Moon
14
1
35
(PH)
Health
1
Inn
Club
Centre
Superstore
Clinic
5
2
0m 25m 50m 75m
DFS16 HIGH STREET
CARCROFTDN6 8DP
Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
© Crown Copyright, ES 100004106
LocationCarcroft is located 6 miles north west of Doncaster and 29 miles south east of Leeds. Doncaster has excellent transport links located within close proximity to the M1, M18, M180 and A1(M). The A1(M) motorway is approximately 1.5 miles west of Carcroft.
Doncaster rail station is situated on the East Coast main line providing a fastest journey time to London Kings Cross in 1 hour 40 minutes. There are also regular rail services to Leeds and Sheffield with a fastest journey time of 35 minutes and 26 minutes respectively. robin Hood Airport is situated 3.5 miles south east of the town centre and provides flights to a number of UK and European destinations.
SituationThe property is situated on the north side of the High Street in the centre of Carcroft. This road extends from its junction with the B1220 Skellow road in the west to Owston road in the east. Occupiers along the High Street include an Asda supermarket and a number of local occupiers. There are also a number of residential dwellings within close proximity. There are no other retail warehouses in Carcroft and it was the first DFS store in the UK previously trading as Northern Upholstery.
DescriptionThe property comprises two separate retail units, which are linked by a small extension to provide one whole unit. The buildings were constructed in the mid-1980s and are of portal steel frame construction with brick cavity walls. To the front of the building there are 42 car parking spaces. The total site area is approximately 1.61 acres (0.65 hectares).
Accommodation
Floor/Unit Sq M Sq Ft
retail Unit A 1,796 19,332
retail Unit B 1,342 14,445
Linkway 37 398
Total 3,175 34,175
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The rent on completion will be £458,582 per annum, reflecting £13.42 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
Catchment and DemographicsDoncaster has an urban population of approximately 128,000 and a large proportion of older working age adults and the retired compared with wider national trends.
PlanningThe unit has planning permission for the retail of household furniture only.
Tenure Freehold
EPCThe property has been rated 69(C). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
DFS UNIT, 16 HIGH STREET, CARCROFT, DONCASTER, DN6 8DP
DONCASTER
suiteportfolio
A63
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A19
A38
A38
A38
A52
A52
A52
A46
A46
A46
A46
A57A57
A57
A15
A15
A15
A15
A6A1
A1
A1
A1
A1
A666
A628
A623
A523
A523
A520
A520
A523 A610
A453 A606
A607
A619
A617
A617
A614
A614
A158
A156
A631A631
A638
A180
A616
A164
A6097
M6
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M) M180
M181
NOTTINGHAM
SCUNTHORPEGRIMSBY
HULL
DONCASTER
ROTHERHAM
SHEFFIELD
CARCROFT
HALIFAX
Huddersfield
Wakefield
Barnsley
DERBY
Newcastle-under-LymeStoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
Grantham
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
Peak
Dis
tric
tNN
aatio
nal p
aaaarrrrrrkkkkkk
© Crown Copyright, ES 100004106
LocationDoncaster, South Yorkshire is some 33 miles (53 km) south east of Leeds, 22 miles (35 km) north east of Sheffield and 18 miles east of Barnsley. Communications are good, with the M18 within 3 miles (5 km) which links to the M1. Furthermore the property is 7 miles (11 km) north west of Doncaster with J38 of the A1(M) directly to the south of the site.
SituationCarcroft is approximately four miles north west of Doncaster, 6 miles from rotherham and 10 miles from Pontefract. Hangthwaite road (also known as Adwick Le Street) is conveniently located off the A1 at Junction 38 and accessed via the A638 and B120 Doncaster Lane. Bentley Moor Lane is one of the two principal routes leading through the Carcroft Common Industrial Area. Carcroft Common Industrial Estate is well situated for access to the A1 and the region’s motorway network including the M18/M1 and M62. Local and national occupiers are located in the near vicinity and include Howden Joinery, CH Power Tools and Northern Components Ltd.
DescriptionThe subject property comprises a steel portal frame warehouse building and associated fenced concrete yard. The tenant has fitted one end of the building with a disaster recovery IT office suite.
The property has a site area of approximately 2.18 acres (0.881 hectares) and the property has a low site coverage of 29%.
Accommodation
Floor/Unit Sq M Sq Ft
Warehouse and Offices 2,625 28,255
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The gross rent on completion will be £150,805 per annum, reflecting £5.34 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
The Tenant covenants to pay to the Landlord sums equal to all rents and any other monies due under the Superior Lease, as set out in the tenure paragraph below.
The net rent receivable on completion will therefore be £138,230 per annum.
TenureThe property is held long leasehold.
The term of the headlease is 99 years from 25 December 1982 (68 years remain unexpired).
The current head rent is £12,575 per annum
EPCThe property has been rated 70(C). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
DFS UNIT, HANGTHWAITE ROAD, CARCROFT, DONCASTER DN6 7BD
Adwick
Bentley Moor Lane
Wellsyke Road
Han
gthw
aite
Rd
Adwick Lane
Brooklands Road
Planet R
oad
Village Street
Chu
rch Lane
Washington Road
Doncaster Lane
B1220
Chu
rc
h La
ne
B1220 Station Road
A19
D
onca
ster
Roa
d
4.4m
El Sub Sta
HA
NG
TH
WA
ITE
RO
AD
BENTLEY MOOR LANE
Warehouse
Sub Sta
Works WE
LLS
YK
E R
OA
D
6
5
El
9
0m 25m 50m 75m
DFSHangthwaite Road
CarcroftDoncasterDN6 7BD
Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
MATLOCK
suiteportfolioDFS UNIT, WARNEY BROOK FURNITURE CENTRE, DALE ROAD SOUTH, DARLEY DALE, MATLOCK, DE4 2ET
A63
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A38
A38
A38
A52
A52
A52
A46
A46
A46
A46
A57A57
A57
A15
A15
A15
A15
A6A1
A1
A1A6
A1
A1
A666
A628
A623
A523
A523
A520
A520
A523
A515
A610
A453 A606
A607
A619
A617
A617
A614
A614
A158
A156
A631A631
A180
A616
A164
A6097
M6
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M) M180
M181
NOTTINGHAM
SCUNTHORPEGRIMSBY
HULL
DONCASTER
ROTHERHAM
SHEFFIELD
MATLOCK
HALIFAX
Huddersfield
Wakefield
Barnsley
DERBY
Newcastle-under-LymeStoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
Grantham
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
rrriicct
NNaaaatt
iona
l par
k
Old Ro ad
Church R
oadOldfield Lane
Park
Lan
e
Odd
ford Lane
Whea tley Road
Gree naway
Lane
Blind Lane
Grove Lane
Hackn
ey Road
G
reenaway Lane
Holt R
oad
Old Hackney Lane
B50
57
Station
Road
B505
7 M
ain
Roa
d
B50
57
Ever
slie
gh
Ris
e
Sydnope Hill
B5 057 Che
sterfield Road
A6 Dale Road South
A6 Dale Road North
HoltWood
Warney
Trav C
MastOLD ROAD
Brook
War
ney
101.8m
Warney
Lodge
Orchard Cottage
Darley Dale
Vaynor
Wayside
Glencoe
Am
bleside
Cranford
104.5m
Aylesto
ne
Warney
House
Warney-dene
0m 25m 50m 75m
WARNEY BROOK FURNITURE CENTRE,DALE ROAD SOUTH,
DARLEY DALE, MATLOCK,
DE4 2ET
Ordnance Survey © Crown Copyright 2014. All rights reserved.
Licence number 100022432. Plotted Scale - 1:1771
© Crown Copyright, ES 100004106
LocationMatlock is the county town of Derbyshire situated at the south eastern edge of the Peak District and approximately 19.5 miles north of Derby. The M1 motorway is located approximately 9 miles west at Junction 28. The A6 runs through the town centre, which provides a link from Derby to the south and Buxton to the north.
Matlock rail station provides regular rail services to Derby which connects to London St Pancras International with a fastest journey time of 2 hours and 30 minutes.
SituationThe property is located on the western side of Dale road South (A6), which is the main arterial road through Matlock. The property is situated at the junction with B5057. The surrounding area is predominately residential.
DescriptionThe property comprises a large retail warehouse, retail showroom and a number of out buildings. Approximately half of the building is of steel portal frame construction clad with solid brick walls. There is a surface car park to the front providing 313 car parking spaces reflecting an excellent car parking ratio of 1:239 sq ft. The site area extends to approximately 9.00 acres (3.64 hectares).
Accommodation
Floor/Unit Sq M Sq Ft
retail Unit 4,538 48,846
Mill Building 2,069 22,270
Warney House (Training Accommodation)
207 2,228
Warney Dene (Unused Training Accommodation)
106 1,141
Garage Area 27 291
Total 6,947 74,776
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The rent on completion will be £527,027 per annum, reflecting £7.05 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
Catchment and DemographicsMatlock is one of several towns which fall within Derby’s primary catchment area, which has a population of 554,000. According to the most recent PrOMIS report, the estimated shopping population of Derby is 368,000, which is in line with the average for the regional Centres.
The proportion of individuals who are retired and classed as ‘wealthy’ in terms of affluence is at 7.34% compared with the UK average at 1.66%. The level of car ownership within Matlock is above the national average with multiple car ownership scoring particularly high when compared with average figures.
PlanningThe unit has planning permission for the sale of furniture only.
TenureFreehold
EPCThe property has been rated 86(D). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
HULL
suiteportfolio
A63
A63
A64A65
A59A59
A19
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A38
A38A46
A46
A46
A57A57
A57
A15
A15
A15
A6A1
A1
A1
A1
A666
A628
A623
A523
A523
A520
A523 A610
A619
A617
A617
A614
A614
A158
A156
A631A631
A180
A616
A164
A165
A614
A166
A629
A682
A614
A6097
A1079
A1237
A6120
A6068
A1041
A1035
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M)
A1(M)
M180M181
SCUNTHORPE
GRIMSBY
DONCASTER
ROTHERHAM
SHEFFIELD
HULLHALIFAX
LEEDS
YORK
HuddersfieldWakefield
Burnley Selby
MarketWeighton
Tadcaster
Barnsley
Harrogate
Beverley
Newcastle-under-Lyme
Stoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
NNaat
iona
l par
k
Hull
Spring Bank
George Street
Jameson Street
Prospect Street
Spencer St
Wilberforce D
rive
Grim
ston Street
Charlotte Street Mews
Worship
Street
Jarratt Street
Albion Street
Wright Street
Sto
ry S
tree
t
Percy S
treet
Reed Street Clarence Court
Union S
t
Baker Street
Charles S
treet
Alfred Gelder Street
Queens Do
ck
Avenue
Bond S
treet
West Street
Bro
ok S
treet
Nor
th S
treet
A1079 B
everley Road
A165 Freetown Way
A1079 Ferensw
ay
LITTLE REED STREET
BAKER STREET
RAYWELL STREET
RE
ED
ST
RE
ET
PE
RC
Y S
TR
EE
T
FRANCIS STREET
Car Park
Identity
House
3
30
18
126 to 136
1
29
45
23
6
Friends'
33
64
Dunedin
House
34
441
17
7 to
9
2
17
16
Meeting
El Sub Sta
1
Malston House
35
37
39
2
ESS
18
House
11 to 13
15
1 to 42
21
2.8m
3.2m
Posts
CH
AR
LE
S S
TR
EE
TU
NIO
N S
TR
EE
T
RE
ED
ST
RE
ET
CH
AR
LE
S S
TR
EE
T
5
40
34
1c
6
House
28
1
71
Garage
(PH)
Albion
15
60
67
41
30
25
25
18
5 to 6
35
35
72
31
11
71
39
68
County
Cla
rence
Court
29
37
25
33
27
59
The
26
Villandro
House
1
414
2
19
3
202224
1517
13
6
24
2
36
3234
135
38
32
0m 10m 20m 30m
DFSREED STREET
FREETOWN WAYHULL
HU2 8JJ
Ordnance Survey © Crown Copyright 2014. All rights reserved.
Licence number 100022432. Plotted Scale - 1:1250
© Crown Copyright, ES 100004106
LocationHull is a major city, an international port and the main commercial centre of North Humberside. The city is 37 miles south east of York, 61 miles east of Leeds and 80 miles north east of Nottingham. The nearest motorway is the M62, approximately 18 miles west of Hull’s town centre via the A63, which connects to Leeds. The A1079 leads north west to York and the A165 leads north to Bridlington. The A15 is located approximately 5 miles west of Hull town centre, which crosses the Humber Estuary and provides access south to Junction 5 of the M180.
Hull rail station provides frequent services to Leeds and Sheffield with the fastest journey times of 1 hour and 1 hour 20 minutes respectively. Humberside Airport is located approximately 16 miles to the south of the city.
SituationThe property is situated on the southern side of Freetown Way (A165). The property is accessed via a short service road off the A165. The property is 800m north of the town centre and the Princes Quay Shopping Centre. The immediate surrounding area is characterised by residential dwellings. The site area extends to approximatelty 0.45 acres (0.18 hectares).
DescriptionThe retail warehouse is of steel portal frame construction under a single pitched roof with an eaves eight of 5.2m. There are approximately 16 car parking spaces, comprising 7 at the front and 9 at the rear.
Accommodation
Floor/Unit Sq M Sq Ft
retail Unit A 1,029 11,076
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The gross rent on completion will be £196,784 per annum, reflecting £17.77 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
The property is held lesaehold as set out in the tenure paragraph below.
The net rent receivable on completion will therefore be £196,774 per annum.
Catchment and DemographicsHull has an urban population of approximately 301,416 and a relatively high proportion of the retired aged 65 and over. The most affluent parts of the catchment area are the villages to the west of the city and the area around Beverley to the north.
PlanningThe property benefits from open A1 planning use.
TenureLeasehold
The property is held for a term of 125 years from July 1990 at an annual rent of £10. The Superior Landlord is Kingston-Upon-Hull City Council.
EPCThe property has been rated 47(B). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
DFS UNIT, THE DINING ROOM CENTRE, REED STREET, FREETOWN WAY, HULL, HU2 8JJ
ALFRETON
suiteportfolioA63
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A38
A38
A38
A52
A52
A52
A46
A46
A46
A46
A57A57
A57
A15
A15
A15
A15
A6A1
A1
A1A6
A1
A1
A666
A628
A623
A523
A523
A520
A520
A523
A515
A610
A453 A606
A607
A619
A617
A617
A614
A614
A158
A156
A631A631
A180
A616
A164
A6097
M6
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M)M180
M181
NOTTINGHAM
SCUNTHORPE
GRIMSBY
HULL
DONCASTER
ROTHERHAM
SHEFFIELD
SOMERCOTES
HALIFAX
Huddersfield
Wakefield
Barnsley
DERBY
Newcastle-under-LymeStoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
Grantham
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
Peeeakk
DDiiss
naaaaall p
ark
Clover
Noo
k Road
Birchwood LaneSleetmoor Lane
Birchwood Way
West Way
Cotes Park Lane
Leam
oor
Ave
nue
Abbott
R
oad
Monk Road
B600 N
ottingham R
oad
Nottingham
Road
B600 N
ottingham Road
B600
B60
16
Hig
h S
treet
A38 A38
A38
SleetmoorWood
ADASC SportsGround
138.2m
Cotes Park
Cotes Park Industrial Estate
Pond
Pennytown Ponds
135.6m
136.9m
BIRCHWOOD WAY
Lincoln House
0m 25m 50m 75m
DFS, Lincoln House, 7 Birchwood Way, Somercotes, Alfreton
Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1295
LocationDerbyshire and its surrounding areas are synonymous with Manufacturing and due to its access to the motorway network distribution has become more prevalent.
Alfreton is a former colliery town in the Amber Valley, Derbyshire located approximately 9 miles south west of Mansfield, 11 miles south of Chesterfield and 16 miles north east of Derby. road communications are good with the A38 providing access to the M1 approximately 1 mile to the east and the East Midlands Airport which is approximately 27 miles to the south.
rail services to London Kings Cross are via Peterborough and provide a journey time of approximately 2 hours 38 minutes.
SituationThe premises are prominently situated fronting Birchwood Way on the Cotes Park Industrial Estate which is situated alongside the A38. Birchwood Way benefits from convenient access to the A38 which, travelling in an easterly direction, provides access to Junction 28 of the M1 Motorway, approximately 1 mile away.
Properties in the immediate surrounding area are predominantly industrial including occupiers such as Eurocell, Tarmac, Pilkington and Johnson Diversey.
There are a number of additional surrounding industrial estates including Alfreton Trading Estate, Cote Park Industrial Estate, Clover Nook Industrial Estate and Ecclesbourne Park Industrial Estate.
DescriptionThe property comprises a large, standalone manufacturing unit constructed in the 1990’s with a single storey office with flat roof and brick/block cavity walls provided to the front and part side elevation, and a steel portal frame warehouse to the rear clad internally and externally, with brick and cladding wall panels. The property benefits from 14 roller shutter loading bay doors and has an extensive yard area that could provide storage or future development potential subject to necessary planning consents.
The property has a site area of approximately 5.60 acres (2.27 hectares), providing a low site coverage of circa 24%.
Accommodation
Floor/Unit Sq M Sq Ft
Warehouse 5,463 58,803
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The rent on completion will be £325,797 per annum, reflecting £5.54 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
TenureFreehold
EPCThe property has been rated 68(C). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
DFS UNIT, LINCOLN HOUSE, 7 BIRCHWOOD WAY, SOMERCOTES, ALFRETON, DE55 4QQ
© Crown Copyright, ES 100004106
DONCASTER
suiteportfolio
A63
A57
A58
A60
A60
A61
A61
A53
A53
A61
A60
A19
A38
A38
A38
A52
A52
A52
A46
A46
A46
A46
A57A57
A57
A15
A15
A15
A15
A6A1
A1
A1
A1
A1
A666
A628
A623
A523
A523
A520
A520
A523 A610
A453 A606
A607
A619
A617
A617
A614
A614
A158
A156
A631A631
A638
A180
A616
A164
A6097
M6
M6
M1
M1
M1
M1
M1
M62
M62
M65
M62M62
M18
M18
M62
M56
M60
M60
M66
M67
M180
A1(M)
A1(M) M180
M181
NOTTINGHAM
SCUNTHORPEGRIMSBY
HULL
DONCASTER
ROTHERHAM
SHEFFIELD
CARCROFT
HALIFAX
Huddersfield
Wakefield
Barnsley
DERBY
Newcastle-under-LymeStoke-on Trent
Crewe
Stockport
Oldham
BuryRochdale
MANCHESTER
Grantham
LINCOLNChesterfield
Mansfield
BuxtonMacclesfield
Gainsborough
Peak
Dis
tric
tNN
aatio
nal p
aaaarrrrrrkkkkkk
LocationDoncaster, South Yorkshire is some 33 miles (53 km) south east of Leeds, 22 miles (35 km) north east of Sheffield and 18 miles east of Barnsley. Communications are good, with the M18 within 3 miles (5 km) which links to the M1. Furthermore the property is 7 miles (11 km) north west of Doncaster with J38 of the A1(M) directly to the south of the site.
SituationCarcroft is approximately four miles north west of Doncaster, 6 miles from rotherham and 10 miles from Pontefract. Carcroft is conveniently located off the A1 at Junction 38 and accessed via the A638 and B120 Doncaster Lane. Bentley Moor Lane is one of the two principal routes leading through the Carcroft Common Industrial Area. Carcroft Common Industrial Estate is well situated for access to the A1 and the region’s motorway network including the M18/M1 and M62. Local and national occupiers are located in the near vicinity and include Howden Joinery, CH Power Tools and Northern Components Ltd.
DescriptionThe property comprises an extended manufacturing facility and offices, constructed of a mixture of single storey brick cavity wall flat roof offices, concrete and steel portal frame warehouses covered with profile sheeting.
The site area extends to approximately 2.32 acres (0.938 hectares) and the building has a site coverage of 51%.
Accommodation
Floor/Unit Sq M Sq Ft
Main Warehouse 2,712.42 29,196
Loading Bay 281.34 3,028
Front Warehouse 1,373.40 14,783
reception 20.29 218
Offices 136.72 1,472
WC’s 84.83 913
Canteen 157.22 1,692
Total 4,766.22 51,303
TenancyThe property is entirely let to DFS Trading Ltd for a term of 25 years from 24 March 2005 to and including 23 March 2030. The rent on completion will be £232,712 per annum, reflecting £4.54 per sq ft by virtue of a fixed increase on 24 March 2014. There are further open market reviews as at 24 March 2020 and five yearly thereafter.
TenureFreehold
EPCThe property has been rated 77(D). A copy of the Energy Performance Certificate is available upon request.
VATThe property is elected for VAT.
DFS UNIT, BENTLEY MOOR LANE, CARCROFT, DONCASTER DN6 7BD
© Crown Copyright, ES 100004106
Adwick
Bentley Moor Lane
Wellsyke Road
Han
gthw
aite
Rd
Adwick Lane
Brooklands Road
Planet R
oad
Village Street
Chu
rch Lane
Washington Road
Doncaster Lane
B1220
Chu
rc
h La
ne
B1220 Station Road
A19
D
onca
ster
Roa
d
4.4m
El Sub Sta
WELLSYKE ROAD
HA
NG
TH
WA
ITE
RO
AD
BENTLEY MOOR LANE
Depot
Animal
Warehouse
Factory
WorksCrematorium
Sub Sta
4043
18
34
35
19
21
33
Works
44
WE
LLS
YK
E R
OA
D
El
0m 25m 50m 75m
Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1371
Dale Johnstone020 7543 [email protected]
Jeremy Hodgson 020 7543 [email protected] www.allsop.co.uk
Rachael Woods020 7409 [email protected]
Simon Lister0113 220 [email protected]
James Gulliford020 7409 [email protected] www.savills.com
For further information please contact:
Misrepresentation Act: 1. Allsop LLP and [Savills•check•] on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop and [Savills•check•] is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop or [Savills•check•] nor any of their members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. [Savills•check•] is the trading name of [Savills•check•]. Design: Command D - www.commandHq.co.uk 01.14
PrOPOSALWe are instructed to seek offers in excess of £24,185,000 (Twenty Four Million One Hundred and Eighty Five Thousand Pounds), reflecting a net initial yield of 8.95% assuming usual purchase costs of 5.8%.
suiteportfolio