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Portfolio Highlights
• 4 prominent and well located car supermarket sites throughout the UK – Newport,
Wednesbury, Sheffield and Birtley
NEWCASTLEUPON-TYNE
BIRTLEY 4
• Extensive sites with main road frontage
• Generally modern buildings suitable for a wide range of uses
• 38,280 sq m (411,901 sq ft) of accommodation on a total site area of 18.9 ha (46.74 acres) therefore providing a site density of only 18%
YORK
LEEDS
• All sites are let on overriding existing leases to UK Car Group Limited and CC Automotive
Group Limited with guarantees from Pennine Metals A&C Limited
LIVERPOOL
MANCHESTER
3
SHEFFIELD
• Strong established covenant offering a combined financial turnover of £131m, EBITDA of £2.93m and shareholders funds of £33.6m
• Existing leases with 20 years unexpired, on FR&I terms incorporating 5 yearly upwards only rent reviews with the first review reflecting 2.5% per annum minimum compound growth
WEDNESBURY
NOTTINGHAM
2
BIRMINGHAM
• Total income of £2,507,980 per annum
• Available as a whole OR as individual purchases
• Individual lots of £3,780,000 to £8,580,000 reflecting net initial yields of 9.50% to 11%.
• Combined lot size of £23,715,000 reflecting a net initial yield of 10% and a reversionary yield of 11.30% assuming purchasers costs of 5.80%
Property Key
1.
2.
3.
4.
NEWPORT
1
BRISTOL
LONDON
CARDIFF
DOVER
PORTSMOUTH
Langland Way, Spytty Road, Newport, NP19 4PT
Darlaston Road, Wednesbury, WS10 7JN
Europa Link, Sheffield, S9 1UX
Durham Road, Birtley, DH3 2DB
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MILTON KEYNES
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Tennancy Summary
Property
Floor Area
(Sq Ft)
Site Area
(Acres)
Newport
Langland
Way
Spytty Road
NP19 4PT
Wednesbury
Darlaston
Road
WS10 7JN
Sheffield
Europa Link
S9 1UX
Birtley
Durham
Road
DH3 2DB
Total
147,222
14.36
Annual Rental Unexpired No of
(£ per
lease term tenants
annum)
£620,100
20
1
110,442
12.8
£862,156
20
1
115,710
9.98
£605,724
20
1
38,527
9.6
£420,000
20
1
411,901
46.74
£2,507,980
20
1
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The Properties
Further Information
GT Portfolio
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Tenancy Summary
The Properties
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Please click on the links to
download the ibrochure for each
property.
Carcraft
Birtley
Gateshead
Carcraft
Spytty Road
Newport
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Carcraft
Wednesbury
Birmingham
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Carcraft
Sheffield Business
Park
Sheffield
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Proposal
Further Information
We are instructed to seek offers for the entire portfolio OR
for the individual properties.
Should you wish to inspect the properties or require
additional information please contact
On the basis of a portfolio sale my client is seeking a
price in the region of £23,713,000 (Twenty Three Million,
Seven Hundred and Thirteen Thousand Pounds) exclusive of
VAT, reflecting an attractive net initial yield of 10% net of
purchaser’s costs of 5.80%.
B8 Real Estate
6800 Daresbury Park
Daresbury
WA4 4GE
In terms of a purchase of the individual properties we are
instructed to seek the following:
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Property
Quoting Price
Net Initial Yield
Newport
Wednesbury
Sheffield
Birtley
£5,330,000
£8,580,000
£6,025,000
£3,780,000
11%
9.5%
9.5%
10.5%
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Simon Wood
Tel:
Mob:
Email:
Web:
01925 920520
320520
07793119210
[email protected]
www.b8re.com
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