Suite portfolio dfs £24 mn, 9 niy, 16 years

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


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


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



retail Unit B 1,342 14,445

Linkway 37 398

Total 3,175 34,175


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



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


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. 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


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



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


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


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




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


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


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.


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

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DFSREED STREET

FREETOWN WAYHULL

HU2 8JJ




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



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.


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


Crewe

Stockport

Oldham

BuryRochdale

MANCHESTER

Grantham

LINCOLNChesterfield

Mansfield

BuxtonMacclesfield

Gainsborough

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Clover

Noo

k Road

Birchwood LaneSleetmoor Lane

Birchwood Way

West Way

Cotes Park Lane

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Abbott

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Monk Road

B600 N

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Nottingham

Road

B600 N

ottingham Road

B600

B60

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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


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


Warehouse 5,463 58,803


TenureFreehold



DFS UNIT, LINCOLN HOUSE, 7 BIRCHWOOD WAY, SOMERCOTES, ALFRETON, DE55 4QQ


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


Crewe

Stockport

Oldham

BuryRochdale

MANCHESTER

Grantham

LINCOLNChesterfield

Mansfield

BuxtonMacclesfield

Gainsborough

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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


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


TenureFreehold

EPCThe property has been rated 77(D). A copy of the Energy Performance Certificate is available upon request.


DFS UNIT, BENTLEY MOOR LANE, CARCROFT, DONCASTER DN6 7BD


Adwick

Bentley Moor Lane

Wellsyke Road

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Adwick Lane

Brooklands Road

Planet R

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Village Street

Chu

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Washington Road

Doncaster Lane

B1220

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B1220 Station Road

A19

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4.4m

El Sub Sta

WELLSYKE ROAD

HA

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TH

WA

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RO

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BENTLEY MOOR LANE

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Factory

WorksCrematorium

Sub Sta

4043

18

34

35

19

21

33

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44

WE

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OA

D

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0m 25m 50m 75m


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

Suite portfolio dfs £24 mn, 9 niy, 16 years

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