107016 Llandudno BandQ Inv v3.3
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Transcript of 107016 Llandudno BandQ Inv v3.3
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8/6/2019 107016 Llandudno BandQ Inv v3.3
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B&Q , Mostyn Broadway, llandudno, north wales ll30 1PJ
RETAIL WAREHOUSEINVESTMENT OPPORTUNITY
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B&Q | LLandudno 2
Llandudno is located in the county o Clwyd in North Walesapproximately 19 miles east o Bangor and 44 miles west o
Chester.
Prominent and accessible property situated adjacent to MostynBroadway (A456) and positioned between Parc Llandudno Shopping
Park and Mostyn Champneys Retail Park.
Purpose built retail warehouse unit with a gross internal area o38,949 sq t plus garden centre.
A large catchment area with primary population o 244,000 people. Successul trading location with limited DIY competition in
catchment.
Long term development potential. Let to B&Q Plc until 21st July 2020, providing an unexpired term o
9 years.
Long leasehold. Passing rent o 484,875 per annum, refecting a low rent o
12.45 per sq t. Net rent received by long leaseholder is
431,539 per annum.
Offers are sOught inexcess Of5,440,000 (FiveMillion, Four Hundredand Forty tHousandPounds), based Ona netinitial yield oF 7.50%
(assuming purchaserscOsts Of 5.8%).
investMent suMMary
Postcode
LL30 1PJ
l
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B&Q | LLandudno 3
location
catcHMent &deMograPHics
situation
thismapispublisheorheconvenienceoienifcaiononly.Anysieboun
ariesareinicaiveonlyanshoulbecheckeagainstiledees
Llanun i la in h uny clwy in Nrh Wal. th wn i iua
apprximaly 19 mil a Bangr an 44 mil w chr. Llanun
bn rm xlln ra mmuniain bing iua l h A55
linking Nrh Wal h M56 an byn. Rail rvi Llanun ar xlln,
prviing rvi Manhr in 2 hur an Lnn eun in 3 hur.
Llanun ha a larg ggraphi ahmn whih xn vr
Angly an ha an abv avrag ppulain 244,000 ppl. th arai harari by an vr-rprnain wrking aul ag 45-64 wih
wr wrking aul ag 25-44.
th lvl ar wnrhip in Ll anun i abv avrag, wih h prprin
mulipl ar wning huhl in lin wih h nainal avrag. th lvl
wnr upain in Llanun i arun avrag. A a Marh 2011 h
lal laiman un wa in lin wih h nainal avrag.
(sur: PRoMIs)
th prpry i prminnly la n h uh
i Myn Braway (A456) in l prximiy
i junin wih cnwy Ra (A470), h
main arrial ru in h wn. thi piin i
nir an g nr lain, wih h
wn main rail para la a hr ian
h w. th lain prvi ay a
h rin ppulain Nrh Wal an h
uni i wll iua bwn Par Llanun
shpping Park an Myn champny Rail Park.
LIVERPOOL
ST ASAPH
RUTHIN
WREXHAM
CHESTER
BUCKLEY
FLINT
PWLLHELI
BANGOR
HOLYHEAD
PORTHMADOG
BARMOUTH
SHREWSBURYTELFORD
NEWPORT
WELSHPOOL
OSWESTRY
WHITCHURCH
BALA
CORWEN
CAERNARFON
ELLESMERE PORT
PRESTATYN
WALLASEY
BIRKENHEAD
WIDNES
NEWCASTLEUN
LLANDUDNO
MOSTYNBROADWAY
TUDORCRES
GLOD
DAETHS
TREET(
A546)
GREAT
ORMESRD
CLAR
ENCE
CRE
SCEN
T(B
5 1 1 5
)
MAESDUAVENUE
BRYNIAUROAD(A546)
THEPARADE(A546)
THEPARADE (B5115)
CONWYROAD
(A470)
CONWYROAD
(A470)
MOSTYNCHAMPNEYSRETAIL PARK
PARCLLANDUDNOSHOPPINGPARK
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Planning prmiin wa gran n 31 January
1985 r nruin a dIY rail r wih
xrnal mzzanin n lan a h junin Myn
Braway an tur crn, Llanun.
thr ar n niin n h prmiin rlaing
h nrl r rriin g ha an b l
wihin h r an hrr h nn n
prvn pn A1 u. Hwvr, h nn i ubj
a sin 52 agrmn whih rri h rang
g ha an b l rm h uni garn
pru, garn ra an a rang dIY g.
our lin i king avi n h viabiliy
wining h rriin imp by h sin 52
agrmn. Mr inrmain i availabl n rqu.
Planning
consent
tenantcovenantB&Q Pl ar h laing hm imprvmn an garn nr railr
in eurp an h hir larg in h wrl wih 321 r in h
UK, 9 in Irlan an mr han 60 r pn inrnainally.
B&Q i par Kinghr pl, eurp laing hm
imprvmn rail grup an h hir larg in h wrl.
th nan mpany ha an Icc r 82, ring nn,
lw rik pnial an ha rpr h llwing nanial rul:
CHAR
LOTT
ERO
AD
tenureth Prpry i hl n a lng lahlinr a 14 April 1986 r a rm
126 yar bginning n 22 July 1985. thr
ar apprximaly 100 yar unxpir.
A variain inlu prviin r h
Frhlr riv a rn gar 11% Mark
Rn. Rviw ar v yarly an upwar nly wih
h nx urring n 21 July 2015. thi i in lin wih
h rviw parn h ubla B&Q Pl. th rn
payabl unr h rm i 53,336 pr annum.
30/01/2010 30/01/2009 02/02/2008
s tv 3,792,400,000 3,683,300,000 3,854,900,000
Pf B tx 400,400,000 113,700,000 170,700,000
s F 3,476,400,000 3,240,000,000 1,761,000,000
tenancyth Prpry i l B&Q Pl n a FRI la unil 21
July 2020, hrr 9 yar rmain unxpir. Rn
rviw ar v yarly upwar nly pn mark
rn, wih h nx urring n 21 July 2015.
th rn paing i 484, 875 pr annum,
ring a lw rn 12.45 pr q .
Ning h rm h ha la, h civ
b g i 431,539 p m.
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llandudno
retail WareHousingRail warhu prviin in Llanuni nr arun h B&Q uni. Myn
champny Rail Park i a bulky g
(wih xpin) hm xning
220,000 q . A Hmba 31,000 q
anhr h vlpmn a a rn ring
14.50 pr q an h ajan rmr
Halr uni wa rnly l dFs. ohr
nan inlu: Arg, P A Hm,
sapl, Ali, Ilan, cm, dsG, smyh
ty an Hm Bargain. ovrall paingrn r 14.50- 25.00 pr q .
Par Llanun i a 127,000 q hpping
park anhr by a 60,000 q dbnham
wih hr nan inluing BHs
(32,000 q ), carphn Warhu, ca
cf, Nw Lk, B, Mnn, Nx,
ou, Rivr Ilan, Laura Ahly, Bank an
Hliay suprr. earlir in 2011 a uni wa
l Jd spr a a rn 50.00 pr q .
Al in l prximiy i a nw AsdA
uprr apprximaly 100,000 q .
B&Q an Hmba fr h nly larg
rma dIY ul in h wn.
Leisure centre
th prpry i l r VAt.
vat
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1 thpariulararuaa gnralguilinnlyrhguianinningpurharrlannniuhwhlranypar anfrrnra.
2. Allripin,imnin,rrnniinannaryprmiinhuanupain,anhrailargivningaihwihurpnibiliywhavran anyinning purharrnanhulnrlyn hmaamnrrprnaina,bumuaiyhmlvbyinpinrhrwiah rrnahhm.
3. MnaguevanLLPnrhirmplyhaanyauhriy makrgivanyrprnainr warraniwhavrinrlainh prpry.
4. Unlhrwia,allprianrnarquxluivVAtaninningpurhar rl muaiyhmlv inpnnlya happliablVAtpiin.
5. Allhplananmapprviwihinhpariularar riniain purpnly.
Misrepresettiact 1967 Prperty Misescriptis act
Mnagu evanLLP rhmlvan rh vnrr lr hiprpry wh agnhy ar,giv ni ha:
Llanun | B&Q | July 2011 | R: 107016
Fi Jmd: 020 7866 8613
e Ggd: 020 7312 7489
e: [email protected] Hu 6-12 clarg sr Lnn WIJ 8HB
www.montagu-evans.co.uk
CONTACTFr urhr inrmain pla na:
nick ricd: 020 7312 7420
Offers are sOught inexcess Of5,440,000 (FiveMillion, Four Hundredand Forty tHousandPounds), based Ona netinitial yield oF 7.50%
(assuming purchaserscOsts Of 5.8%).