Co-op Portfolio England• The site includes a surface car park providing 87 spaces. ... •...

Co-op Portfolio – England 14 Properties with long leases

Portfolio Summary

Portfolio Town RoadPost

Code

Lease Start

Date

Next Rent

Review

Lease

Expiry

Rent At Next

Review (2017)

Additional

Income

Oriel Abergele Marine Road L22 7PR 26/09/2006 26/09/2017 25/09/2036 226,594

Elaine Blackpool 11 Thornton Centre FY5 5DX 03/04/2007 03/04/2017 02/04/2037 206,653 56,801

Elaine Bridlington York Road YO15 2PQ 03/04/2007 03/04/2017 02/04/2037 168,679

Elaine Chatteris 51 High Street PE16 6BH 03/04/2007 03/04/2017 02/04/2037 148,816

Oriel Coleford 27 High Street GL16 8HA 26/09/2006 26/09/2017 25/09/2036 108,746

Oriel Dunbar 2 Countess Crescent EH42 1DX 01/11/2006 01/11/2017 31/10/2036 299,110

Elaine Glasgow 63 Cumbernauld Road G33 6HZ 03/04/2007 03/04/2017 02/04/2037 101,385

Elaine Newport 138-142 Chepstow Road NP19 8EG 03/04/2007 03/04/2017 02/04/2037 161,901

Elaine Pontypridd Penrhiwfer Road CW39 8EY 03/04/2007 03/04/2017 02/04/2037 168,980

Elaine Sandbach Lawton Way CW11 1TF 03/04/2007 03/04/2017 02/04/2037 197,580

Oriel Southport Station Road PR8 3HR 26/09/2006 26/09/2017 25/09/2036 331,414

Elaine Wallasey 83-85 Wallasey Village CH45 3LF 03/04/2007 03/04/2017 02/04/2037 104,775

Oriel Wirral 100 New Chester Road CH62 5AG 26/09/2006 26/09/2017 25/09/2036 278,055

Elaine Wrexham Borras Park Road LL12 7TH 03/04/2007 03/04/2017 02/04/2037 77,897

COMBINED PORTFOLIOS 2,580,585 56,801

Remarks

• All contracts got annual rent step of 2.25% . Meaning the Annual rent of 2018 would be 2,638,648 .

ABERGELE – Marine Road LL22 7PR

LOCATION

• Abergele is an attractive tourist town situated on the North Wales coast.

• Abergele is located approximately 5 miles west of Rhyl, 7 miles east of Colwyn Bay and 30 miles west of Chester.

• The town is served by Junctions 23a and 24 of the A55 dual carriageway and by the A548. Abergele and Pensarn

train station serves the area, with services to Manchester and Llandudno.

ABERGELE– Marine Road LL22 7PR

SITUATION

• The property is located on the north side of Marine Road, adjacent to the train

station. Vehicular access is from Marine Road.

• The property occupies a prominent position within a mixed residential, commercial,

retailing and leisure area, close to the town center.

DESCRIPTION

• The property comprises a modern, purpose built, single level supermarket.

• The building is of a steel portal frame construction with brick elevations and a steel

clad roof.

TENURE

• Freehold

ABERGELE– Marine Road LL22 7PR

ASSET MANAGEMENT

• Subject to agreement with the tenant, potential to split the store to provide attractive, well configured retail

units or extend store over car park.

• Subject to agreement with the tenant, potential for development on the large car park such as A3 use or hotel.

FLOOR USE SQ FT SQ M

Ground Floor Sales/Storage/Staff 14,084 1,308.4

Total (GIA) 14,084 1,308.4

• The property occupies a site which extends to approximately 1.4 acres.

• The site includes a large surface car park providing 118 spaces.

BLACKPOOL – Thornton Shopping Centre FY5 5DX

LOCATION

• The property is located in Thornton-Cleveleys, an attractive village and commercial center.

• Thornton-Cleveleys is located approximately 5 miles north-east of Blackpool, 19 miles south-west of Lancaster

and 12 miles north of Southport.

• The area is served by the A585 which provides access to Junction 3 of the M55 Motorway.

Poulton-le-Fylde train station provides services to Blackpool and Manchester

BLACKPOOL– Thornton Shopping Centre FY5 5DX

SITUATION

• The property is situated to the north of Victoria Road East within a mixed retailing

and residential area.

• Nearby occupiers include Martin’s Newsagents, Bet Fred and Lloyds Pharmacy.

DESCRIPTION

• The property comprises a purpose built, single level supermarket together with six

retail units.

• The supermarket is of a steel frame construction with brick elevations under a

pitched roof. The retail units are of traditional brick construction.

TENURE

• Freehold

BLACKPOOL– Thornton Shopping Centre FY5 5DX

ACCOMMODATION


• The site includes a surface car park providing 87 spaces.

FLOOR Tenant SQ FT SQ M Lease Start Lease End

Unit 1a Discount Tiles NorthWest Ltd 1,137 105.6 31/07/2004 30/07/2014

Unit 1b Woks wagen Take Away 975 90.6 05/03/2004 04/03/2019

Unit 1c Javanpey, M & Mianbaghi, H 975 90.6 01/07/2005 30/06/2025

Unit 1d Naveed Ahmed 975 90.6 13/02/2004 12/02/2019

Unit 2 Forbuoys Ltd 1,223 1 13.6 12/09/2002 31/08/2017

Unit 3 Done Bros (Cash Betting) Ltd 1,694 157.4 20/02/2003 19/02/2018

Unit 11 Somerfield Stores Ltd 14,338 1,332.1 03/04/2007 02/04/2037

Cash Point HSBC

Total (GIA) 21,317 1,980.5

ASSET MANAGEMENT

• Subject to agreement with the tenants, potential to combine units to create more appealing retail

accommodation.

• Subject to agreement with the tenants, extension over surface car park.

• Subject to agreement with the tenants, further unit shop development on surface car park.

BIRDLINGTON – York Road YO15 2PQ

LOCATION

• Bridlington is a busy and popular tourist town situated on the North Yorkshire coast, with a resident population in

excess of 34,000.

• The town is located approximately 17 miles south of Scarborough, 29 miles north of Hull and 41 miles east of York.

• Road access to Bridlington is via the AI 65 which links to the A63, which leads directly to the M62 Motorway.


SITUATION

• The property is located on the edge of Bridlington town centre on York Road, adjacent to

the main thoroughfare. The Promenade.

• The property occupies a prominent position within a predominately retail and residential

area. Directly opposite are Bayside flats, a multistory and two public car parks.

• Nearby occupiers include popular local and residential, busy restaurants and bars.

• The store has been recently re-fitted as a Co-op.

DESCRIPTION

• The property comprises a purpose built supermarket arranged over ground and first floors.

• The building is of a steel frame construction with brick and metal clad elevations beneath a

pitched steel roof.

• The first floor comprises vacant offices.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, redevelopment of the site to improve configuration of the store and

car park.

• Refurbish the offices to create additional income.


Ground Floor Sales Area / Storage 15,551 1,445

First Floor Office (vacant) 16,124 1,498

Total (GIA) 31,675 2,943


• The site includes a large surface car park providing 35 spaces. In addition, there is a large local authority car

park and multi story car park nearby.

CHATTERIS – High Street PE16 6BH

LOCATION

• Chatteris is a popular Fenland Market Town with a resident population in excess of 10,000.

• The town is located approximately 15 miles north-east of Huntingdon, 24 miles north-west of Cambridge and 28

miles south of Peterborough.

• The area is well served by road links with the A1 (M), 14 miles away via the A141. There are regular rail services

between Huntingdon and London Kings Cross with the average journey time to Kings Cross being approximately

50 minutes.


SITUATION

• The property is located on the east side of the High Street which forms

part of the B1050, the main route through the town.

• The property occupies a prominent position within a predominately retail and

residential area within close proximity to the town’s main car park.

• Nearby occupiers include Lloyds Pharmacy, Barclays Bank and the Post Office.

In addition, the town’s library is immediately adjacent.

DESCRIPTION

• The property comprises a purpose built detached supermarket arranged over

ground and first floors, with a single story plant room and secure loading to

the rear.

• The building is of a concrete frame construction with brick elevations, with a

pitched slate roof to the front and flat roof to the rear.

• The store has been refitted as a Budgens.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, redevelopment of the site to improve configuration of the store and

car park.

• Refurbish the offices to create additional income.


Ground Floor Sales Area / Ancillary 3,670 341.00

First Floor Storage / Staff / Office 3,825 355.35

Total (GIA) 7,495 696.35


• The site includes a large surface car park providing 25 spaces. In addition, there is a free 100 space car

park immediately adjacent to the car park.

COLEFORD – High Street PE16 8HA

LOCATION

• Coleford is an exceptionally attractive and historic market town on the borders of the Forest of Dean in

Gloucestershire.

• Coleford is the administrative centre for the Forest of Dean area which has a resident population of 80,000.

• The town is located approximately 6 miles east of Monmouth, 12 miles north of Chepstow and 20 miles south-

west of Gloucester

• The area is generally well served by road links with the A4136 lying just south which connects to the main

A40(T) dual carriageway.


SITUATION

• The property is located on the south-eastern side of the High Street adjoining

the town's main surface car park.

• The unit occupies a prominent corner location in the heart of the town

centre.

• Nearby occupiers include The Post Office, Co-op and Tesco Express.

DESCRIPTION

• The property comprises a purpose built supermarket arranged over ground

and first floors.

• The building is of a steel frame construction with brick elevations beneath a

part pitched slate tiled roof and an asphalt covered flat roof.

• The shop currently trades as a Nisa.

TENURE

• Freehold


ASSET MANAGEMENT

• Co-op no longer occupies the store as they have a substantial store to the rear As such we expect there

would be significant demand from Tesco to extend their adjoining store, should Co-op not choose

to renew at the end of the term.


Ground Floor Sales Area / Storage 7,345 682.33

First Floor Not Inspected

Total (GIA) 7,345 682.33


• The unit benefits from a substantial high street frontage of 51 feet (15.6 meters) and prominent return

frontage of 182 feet (55.5 meters).

DUNBAR– Countess Crescent EH42 1DX

LOCATION

• Dunbar is a busy tourist town and fishing port lying on the coast at the mouth of the Firth of Forth.

• Dunbar is approximately 30 miles east of Edinburgh, 28 miles north-west of Berwick upon Tweed and 35

miles north of Kelso.

• The area is generally well served by road links with the A1 lying only half a mile away. There are regular intercity

train services between Edinburgh and London. The journey time from Dunbar to Edinburgh is approximately 30

minutes.


SITUATION

• The property is located on the eastern side of Countess Crescent which is

accessed from either Countess Road or Belhaven Road.

• The property occupies a prominent position within a predominately

residential area within close proximity to the High Street.

DESCRIPTION

• The property comprises a purpose built detached supermarket

arranged over ground and first floors.

• The building is of a steel portal frame construction with blockwork infill

walls which have been rendered. The columns have a brick facing.

The roof is slightly pitched and there are decorative slate clad elevations of

steeper pitch.

TENURE

• Freehold


ASSET MANAGEMENT

• The subject property has been recently vacated by the tenant We understand this is for competition reasons

following the purchase of The Somerfield Group.

This provides an opportunity to surrender the current lease and re-let at a higher rent.

• Subject to agreement with the tenant, full redevelopment of the site to alternative uses (subject to planning).


Ground Floor Sales Area 7,931 736.82

Ground Floor Storage 3,433 318.94

Ground Floor Loading/ storage 2,051 190.51

First Floor Staff 1,205 111.93

Total (GIA) 14,620 1,358.20



GLASGOW– Combernauld Road G33 6HZ

LOCATION

• The property is located within the greater Glasgow conurbation on the A80, providing excellent road links.

• The property is located approximately 8 miles north-east of Glasgow, 12 miles west of Airdrie and 15 miles

north of East Kilbride.

• The area is generally excellently served by road links lying on the A80 heading north, linking to the M80 and

M9 Motorways. The same road also provides a direct route to Glasgow city centre.


SITUATION

• The property is located on the northern side of Cumbernauld Road (A80).


residential area in close proximity to a number of bus stops.

• Nearby occupiers include a car sales forecourt, light industrial warehousing

and residential occupiers

DESCRIPTION

• The property comprises a detached single storey supermarket within a

rectangular plot, fronting Cumbernauld Road.

• The building is of brick construction, with a triple pitched roof. External

walls have been painted.

• Newly fitted as a Co-op store.

TENURE

• Heritable


ASSET MANAGEMENT

• Subject to agreement with the tenant, the large surface car park has strong development potential.

Either extension to current food store or part released for development.

• Subject to agreement with the tenant, install advertising hoarding to capitalize on busy location.



Ground Floor Storage 997 92.59

Ground Floor Staff 1,154 107.23

Total (GIA) 8,627 801.46



NEWPRORT– Chepstow Road NP19 8EG

LOCATION

• Newport is a substantial town strategically located on the M4 Motorway. It has excellent links to both

England and South Wales and is a central hub for business and retail in the region.

• Newport is located approximately 13 miles east of Cardiff and I 37 miles west of Central London.

• The area is generally well served by road links with the M4 Motorway serving the town. There are

regular Intercity train services between Newport and London. The journey time is under two hours,

making Newport the nearest business centre in Wales to London.


SITUATION

• The property is located on the busy Chepstow Road which links directly

to the M4 Motorway.


residential area on an arterial road. The area is a dominant local shopping

area with the property being the only supermarket.

• Nearby occupiers include Boots, Greggs and Peacocks.

DESCRIPTION

• The property comprises a purpose built in-line supermarket arranged

over ground and first floors with a small second floor.

• The building is of a 1960s concrete frame construction with a flat roof.

The ground floor is primarily used for retailing with some ancillary ware-

housing linked to a rear service yard.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, the first and second floors are substantially underutilized and would be

suitable for an alternative use such as leisure or residential.

• Subject to agreement with the tenant, the store could be extended into the rear car-parking area to create an

enlarged retailing space.

• The passing rent is low at under £ 10 per sq ft and has substantial growth potential.



First Floor Storage 7,344 682.3

Second Floor Storage 245 22.75

Total (GIA) 14,956 1,389.54


PONTYRIDD– Penrhiwfer Road CF39 8EY

LOCATION

• Tonyrefail is a suburb of Pontypridd which serves a loyal local catchment.

• The town is located approximately 14 miles north- west of Cardiff, 22 miles east of Swansea and 9 miles

north-east of Bridgend.

• The area is generally well served by road links with the M5 Motorway lying only 5 miles away. There are

regular Intercity rail links to Cardiff.


SITUATION

• The property is located on the B4278 which is accessed from the A4093

trunk road to Cardiff.

• The property occupies a standalone position within close proximity to

the town centre.

DESCRIPTION

• The property comprises a purpose built detached supermarket arranged

over one level.

• The building is of a steel frame construction with full height brickwork

elevations under a pitched slate roof.

• The property has been recently re-fitted as a Co-op.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, the site is large for the nature of the store and consideration should be

given to part sale or development of the excess car park. Substantial residential development has been seen in

the immediate vicinity.

• Potential to purchase land to the rear of the site for further development. The site is underutilized at present.


Ground Floor Sales Area 12,460 1,147.57

Total (GIA) 12,460 1,147.57



SANDBACH– Lawton Way CW11 1TF

LOCATION

• Sandbach is an affluent market town in Cheshire.

• Sandbach is located approximately 5 miles north- east of Crewe, 14 miles north-west of Stoke on Trent and 25

miles south-west of Manchester

• The area is generally well served by road links being located adjacent to Junction 17 of the M6 Motorway.

There are regular rail services between Manchester and Crewe. The journey time to Manchester is

approximately 45 minutes by train.


SITUATION

• The property is located on Lawton Way which along with Grange Way is one

of the main distribution roads serving the local area.


residential area within close proximity to the local primary school.

DESCRIPTION

• The property comprises a purpose built standalone single storey supermarket

arranged over ground floor.

• The building is of brick construction beneath a flat roof. The property

benefits from a fully glazed retail frontage.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, the large surface car park could be suitable for residential development.

• Subject to agreement with the tenant, possible extension to the store to increase sales accommodation.



First floor Sales Area 7,201 668.99

Total (GIA) 9,922 921.72


• The site includes a large surface car park providing 93 spaces

SOUTHPORT– Station Road PR8 3HR

LOCATION

• The property is located in Ainsdale, an affluent residential suburb of Southport.

• Ainsdale is located approximately 3 miles south of Southport, I 6 miles north of Liverpool and 20 miles

south-west of Preston.

• Ainsdale is served by the A565 and the A570, which links with Junction 3 of the M58 Motorway. Ainsdale

train station provides services to Southport and Liverpool.


SITUATION

• The property is situated at the junction of Station Road and Liverpool Road in

a prominent position within a mixed residential and retailing area.

• Nearby occupiers include Bank of Scotland, Ladbrokes and local retailers.

DESCRIPTION

• The property comprises a purpose built food store providing well configured

trading accommodation.

• The building is of a traditional brick construction under a pitched roof.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, the large surface car park could be suitable for residential development.

• Subject to agreement with the tenant, possible extension to the store to increase sales accommodation.


Ground Floor Sales Area 19,353 1,798

Total (GIA) 19,353 1,798


• The site includes a surface car park providing 61 spaces.

WALLASEY– Wallasey Village CH45 3LF

LOCATION

• Wallasey is a residential suburb and local retailing centre.

• Wallasey is located approximately 2 miles north- west of Liverpool, 4 miles north-west of Birkenhead and 15

miles north-west of Ellesmere Port

• Wallasey is accessed via Junction I of the M53 Motorway and is connected to Liverpool via the Kingsway Tunnel.

Wallasey Village train station provides services to Liverpool and Birkenhead.

.


SITUATION

• The property is situated on the west side of Wallasey Village within a mixed

residential and retailing area.

• The property occupies a prominent position in Wallasey with good access

from the M53 Motorway.

• Nearby occupiers include Motor-world, Numark Pharmacy and local retailers.

DESCRIPTION

• The property comprises a post-war single storey food store providing well

configured trading accommodation.

• The building is of a traditional brick construction under a flat roof.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, potential to be split or extended over surface car park.


Ground Sales Area 7,889 732.9

Ground Floor Storage 1,470 136.6

Total (GIA) 9,359 869.5



WIRRAL – New Chester Road CH62 5AG

LOCATION

• The property is situated in New Ferry a suburb of the Wirral.

• New Ferry is located approximately one mile north-west of Port Sunlight, 3 miles south-east of Birkenhead and

5 miles (by road) south-west of Liverpool.

• New Ferry is accessed via the B5 136 New Chester Road or via the A41 New Ferry Bypass, which links with

Junction 5 of the M53 Motorway to the south. Bebington train station serves the area and provides services to

Liverpool and Chester.

WIRRAL– New Chester Road CH62 5AG

SITUATION

• The property is situated to the west of New Chester Road with a secondary

frontage to the pedestrianised Bebington Road.

• The property occupies a prominent position within a mixed retailing,

residential and commercial area.

• Nearby occupiers include Ladbrokes, HSBC and a range of local and national

retailers.

DESCRIPTION

• The property comprises a modern, single level, purpose built supermarket.

• The building is of a steel frame construction with brick elevations under a

pitched roof.

TENURE

• Freehold

WIRRAL– New Chester Road CH62 5AG

ASSET MANAGEMENT

• Subject to agreement with the tenant, potential to be split and re-let to alternative occupiers.

• Subject to agreement with the tenant, potential to extend into adjacent unit which is currently vacant.


Ground Floor Sales /Storage 18,590 1,727

Total (GIA) 18,590 1,727


WREXHAM– Borras Park Road LL12 7TH

LOCATION

• Wrexham is the largest commercial centre in north Wales. The subject property is located in Borras Park, a

suburb to the north-east of Wrexham town centre.

• Borras Park is located approximately 10 miles south- east of Buckley 11 miles south-west of Chester and

13 miles south-east of Mold

• Borras Park is served by the A5 156 by-pass, which links with Junction 6 of the main A483 to the north- west.

Wrexham General train station provides services to Chester; Cardiff and London (Euston).


SITUATION

• The property is situated within a neighbourhood retail parade to the south of

Borras Park Road.

• The property occupies a prominent position at the end of the parade

within a densely populated residential area.

• Nearby occupiers include Martin’s Newsagents and a range of local retailers.

DESCRIPTION

• The property comprises a purpose built, single level store providing well

configured trading accommodation.

• The building is of a traditional load bearing brickwork construction under

a flat roof.

TENURE

• Freehold


ASSET MANAGEMENT

• Subject to agreement with the tenant, potential to split to provide smaller retail units or extend to the rear


Ground Floor Sales /Storage 5,518 512.63

Total (GIA) 5,518 512.63


• The parade is served by a surface car park providing 32 spaces, 12 of which are

for the use of the subject property’s customers.

Co-op Portfolio England• The site includes a surface car park providing 87 spaces. ... •...

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