Dunstable Road, Luton LU4 8DN...LOCATION Luton is Bedfordshire’s principal administrative town and...
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Madford Retail Park Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY CLICK TO ENTER
Transcript of Dunstable Road, Luton LU4 8DN...LOCATION Luton is Bedfordshire’s principal administrative town and...
Madford Retail ParkDunstable Road, Luton LU4 8DN
RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITYCLICK TO ENTER
INVESTMENT CONSIDERATIONS
• Lutonissituated35milesnorthofLondon,benefitingfromexcellentcommunicationlinks,beinglocatedbetweenJunctions10and11oftheM1.
• ThesubjectpropertyissituatedinaprominentlocationonDunstableRoad,inthemainretailwarehousepitchforthetown.
• Theschemeisarrangedacross2unitstotalling36,255sqft,occupiedbyPCWorldandTyreCity.
• Therenttotals£561,650perannum,reflecting£17.75persqftand£7.34persqftonthePCWorldandTyreCityunitsrespectively.
• ThePCWorldunitbenefitsfromanopenA1planningconsentincludingfood,andtheTyrecityunithasaB1consent.
• ExcitingassetmanagementanglesincludingapotentialsurrenderofthePCWorldleaseandre-lettingtoAldiona20yearleasewithRPIlinkedreviews.
• Weareinstructedtoseekoffersfortheabovepropertybasedonanattractive net initial yield of 7.00%(assumingpurchaser’scostsat5.80%),givingapurchasepriceof£7,180,000 (Seven Million, One Hundred and Eighty Thousand Pounds),subjecttocontractandexclusiveofVAT.
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
LOCATION
LutonisBedfordshire’sprincipaladministrativetownandislocatedinastrategicposition35milesnorthofLondon,12milesnorthofHemelHempstead,13milesnorthofStAlbansand15mileswestofStevenage.
Thetownbenefitsfromexcellentroadcommunications,beinglocatedadjacenttoJunctions10and11oftheM1motorway.Itisalsowellservedbyanumberofprimaryroads,includingtheA6trunkroadandtheA505dualcarriageway,whichlinkstheA1andtheA5.
LutonandLutonAirportParkwaystationsbenefitfromregulartrainservicestoLondon(StPancras),withaquickestjourneytimeofapproximately23minutes.
Lutoniscurrentlyundergoingamajortowncentreregenerationandinvestmentprogramme,whichincludesupgradestothetown’sbusandrailwaystations,aswellasimprovementstothetown’surbanenvironment.
LutonAirportisoneofthefastestgrowingairportsintheUK,offeringflightstomajorEuropeanandworldwidedestinations.
CATCHMENT POPULATION
Lutonbenefitsfromaprimarycatchmentpopulationof342,000peopleandashoppingpopulationof188,000people.Thecatchmentpopulationisanticipatedtoseegrowthof1.4%perannumbetween2014and2019:significantlyabovetheUKaverageof0.7%perannum.
CACIpredictthereare178,621peoplelivingwithina10minutedrivetimeofthesubjectproperty,extendingto444,253peoplewithina20minutedrivetime.Thisisduetoincreaseby4.97%by2017.ThelargestCACIsocialgroupwithinthe10minutedrivetimeis‘SuburbanMindsets-Maturingfamiliesonmid-rangeincomeslivingamoderatelifestyleinsuburbansemis’,totalling21.7%ofthepopulation.
ConsumerspendinginLutonisabovetheUKaverage;percapitain-storecomparisonexpenditurein2014was£2,455,andpercapitaretailwarehouseexpenditurewas£511,substantiallyaheadofthePMAaverageof£2,366and£469respectively.
SECOND SEVERNCROSSING OPENSUMMER 1996
TEESSIDE
CARLISLE
LEEDS &BRADFORD
MANCHESTERLIVERPOOL
NORWICH
EASTMIDLANDS
LUTON
STANSTED
BIRMINGHAM
HEATHROW
CITY
LYNEHAM
GLOUCESTERSHIRE
M6
A1(M)
M1
M25
M40
M4
M1A1(M)
M11
M4M4
M4
M4
M40
M40
M1
M1
M1 M11
M5
M5
M5
M5
M32
M50
M45
M6
M6
M6
M5 M42
M42
M42
M69
M54
M6
M1M53M56
M56
M67
M58
M61
M63M62M62
M62M6
M66
M65
M1
M62M62
A1(M)
M621
M180
M181
M55
M6
M6
M18
M180
M49
M48
M4
A1(M)
A470
A5
A5
A487
A55
A470
A34
A518
A41
A49
A5
A458
A442
A442
A5
A49
A442
A53
A465
A40
A449
A4042
A479
A470
A470
A4112
A438
A438
A40
A49
A4103
A40
A438
A40
A407
6
A477
A477
A478
A40A40A48
A487
A37
A38
A346
A350
A46
A4
A419A433
A470
A483
A40
A465
A40
A483
A44
A483
A465
A44
A48
A436
A417
A44
A40
A429
A46A442
A40
A44
A44
A429
A441
A435
A448A449
A452 A46A4
44A458
A45
A50
A38
A444
A515
A516
A52
A52
A51
A525
A49
A53A41
A515
A527
A523
A50
A518A51
A53
A54
A50
A530
A533
A534
A52
A6
A38
A6A500A534
A41
A51
A495
A49
A556
A537
A623
A619
A61A537
A619
A40
A49
A456
A489
A46
A46
A458
A483
A470
A470
A60
A6
A55
A629
A628
A62
A58
A646A59
A570
A59
A565
A58A58
A57
A57
A69 A69
A19
A68
A68
A167
A691
A692
A1
A963
A689A689
A688
A66
A19
A172
A19
A596
A590
A591
A685A595
A689
A66
A590
A6068
A65
A683
A65
A682
A171
A170
A63
A614
A165
A1079
(A163)
A166
(A166)
A165
A64
A164
A1035
A614
A165A614
A160A15
A63
A19
A645
A1041
A159
A15
A631
A46
A46
A16
A52
A158
A1121
A52
A16
A17
A617
A6097
A46
A52
A607
A52
A606
A1
A631
A156 A158
A16
A607
A614
A170
A1
A168
A19
A59
A64
A61
A59
A59A61
A585
A59
A635
A15
A616
A61 A638
A57
A57
A1
A1A63
A650
A1
A15
A50
A6A4
6
A607
A453
A606
A17
A65
A58
A41
A483
A494
A5
A55
A670
A232
A4
A40A406
A41
A406
A10
A12
A13
A2A20
A205
A508 A43
A17
A47
A17
A151
A1
A1139
A47
A16
A47
A6
(A427)
A427 A605
A43
A6116
A141
A14
A4304
A606
A45
A5
A43
A5
A428
A45
A6
A10
A505
A11
A14
A10
A428
A428
A134
A14
A140
A12
A143
A140
A143
A1066
A11
A11
A116
5
A142
A10
A134
A143
A146
A140A148
A148
A106
5
A47
A10
A1101
A47
A1122
A16
A600
3
A14
A46
A14
A508
A14
A47
A45
A13
A127A127
A40A418
A41
A4010
A41
A43
A5
A509
A6
A1
A602
A10
A414
A12
A120
A130 A131
A131
A134
A12
A130
A120
A133
A120
A14A12
A420
A34
A43
A422
A419A42
A505
A458
A470
A483
A5
A494
A5
A487
A487
A470
A44
A470
A299
A28
A2
A34
A253
A470
A429
Consett
Durham
SpennymoorBishop Auckland
Penrith
Whitby
Redcar
Scarborough
Northallerton
Appleby-in-Westmorland
Whitehaven
Workington
Ulverston
Morecambe
Clitheroe
PadihamColne
Nelson
Accrington
Skipton
Rawtenstall
TodmordenBrighouse
BatleyDewsbury
Beverley
Ripon
Knaresborough
Bridlington
Chorley
Darwen
Lytham St Anne's
Formby Standish
Leyland
SkelmersdaleOrmskirk
Jarrow
Houghton le Spring
PeterleeBrandon
Stanley
Hertford
WelwynGardenCity
HatfieldHoddesdon
Royston
Biggleswade
EastDereham
Thetford
Stowmarket
Bury St Edmunds
Felixstowe
Newmarket
Mildenhall
Ely
SudburyHaverhill
Harwich
Swaffham
King'sLynn
Stamford
Melton Mowbray
Boston
WisbechDownham
Market
Spalding
March
Loughborough
St IvesHuntingdon
St Neots
Rushden
Kettering
Wellingborough
MarketHarborough
Wigston
NewportPagnell
Sheerness
Canvey Island
Whitstable
HerneBay
Rayleigh
Chelmsford Maldon
Witham
Braintree
Bishop's Stortford
Sittingbourne Ramsgate
Bracknell
Windsor
Swanley
Chippenham
Melksham Newbury
Clevedon
Cirencester
Didcot
Stroud
Witney Kidlington
Tilbury
Chigwell
Kingston upon Thames
RichmondWoolwich
Barnet Enfield
Maidenhead
Beaconsfield
HarrowUxbridgeHenley-
on-Thames
Barry
Porthcawl
PortTalbot
Pontypridd
Bridgend
Caerphilly
Cwmbran
Pontypool
Letchworth
St Albans
Hitchin
Dunstable
Berkhamsted
Tring
Marlow
HemelHempstead
LeightonBuzzard
Thame
Abingdon
Bicester
Aylesbury
Daventry
Banbury
Otley
Selby
Retford
Stocksbridge
Gainsborough
Goole
Thorne
Pontefract
Tadcaster
Kendal
Heysham
Fleetwood
Lancaster
Ilkley
YeadonBingley
ShipleyGarforth
Castleford
Glossop
Cheadle
Sutton in Ashfield
Kirkby in Ashfield
Dronfield Worksop
Staveley
Hemsworth
Newark-on-Trent
GranthamLong Eaton
Beeston
Cleethorpes
Immingham
NorthwichFrodsham
LeekBiddulph
Congleton
Kidsgrove
Hucknall
ClayCross
EastwoodBelper
Ripley
Ilkeston
Matlock
Bebington
Flint
Kirkby
Evesham
WarwickDroitwich
Stratfordupon Avon
Bromsgrove
GreatMalvern
Tewkesbury
LlandudnoPrestatyn
RhylColwyn Bay
AbergeleConwy
Bangor
Holyhead
Oswestry
NantwichWrexham
Aberystwyth
Bridgnorth
Newport
BrownhillsAldridge
Lichfield
Rugeley Ashby-de-la-Zouch
Carmarthen
Ammanford
Chepstow
Abergavenny
MerthyrTydfil
Hereford
Pembroke
MilfordHaven
Llanelli
UttoxeterStone
Sandbach
Ashbourne
MacclesfieldBuxton
Neath
LouthSale
Altrincham
WilmslowKnutsford
Coalville
Bedworth
Aberdare
A421
A421
Carlisle
Hartlepool
Middlesbrough
Darlington
Barrow-in-Furness
BurnleyBlackburn
Keighley
Halifax
HuddersfieldBury
Rochdale
Middleton
Oldham
Salford
Bolton
Preston
Blackpool
Southport
Crosby
Wigan
Gateshead
Washington
Norwich
Stevenage
Cambridge
Great Yarmouth
Lowestoft
Ipswich
Corby
Peterborough
RedditchNorthampton
Southend-on-Sea
Margate
Brentwood
Colchester
Clacton-on-Sea
Basildon
GravesendRochester
GillinghamChatham
Staines
Reading
Bath
Swindon
Cheltenham
Harlow
Slough
Watford
Newport
Luton
Bedford
AmershamHigh
Wycombe
Oxford
HarrogateYork
Chesterfield
Scunthorpe
Wakefield
Barnsley
Rotherham
Doncaster
Stockport
Mansfield
Lincoln
Grimsby
Willenhall
Halesowen
Leamington Spa
Bootle
Widnes
Runcorn
St HelensWallasey
Birkenhead
EllesmerePort
Warrington
Worcester
Stourport-on-Severn
Gloucester
ShrewsburyTelford
West Bromwich
Walsall
Dudley
SuttonColdfield
Cannock
Stourbridge
Kidderminster
Newcastle-under-Lyme
Solihull
Nuneaton
Rugby
Hinckley
Swansea
Stafford
Crewe
Burton uponTrent
Chester
Tamworth
Milton Keynes
BRADFORD HULL
MANCHESTER
NEWCASTLE UPON TYNE
SUNDERLAND
LEICESTER
BRISTOLCARDIFF
LEEDS
SHEFFIELD
NOTTINGHAM
STOKE-ON-TRENT
WOLVERHAMPTON
BIRMINGHAM
DERBY
LIVERPOOL
COVENTRY
LONDON
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
RETAIL WAREHOUSING IN LUTON
SITUATION
ThepropertyislocatedinaprominentpositionatthejunctionbetweenDunstableRoadandWallerAvenue,benefitingfromexcellentvisibilityfrombothroads.DunstableRoadconnectstotheA6andLutontowncentre,approximately2.5mileseast.Junction11oftheM1motorwayisconvenientlylocatedapproximately1mileeastofthescheme,providingeasyaccessforcustomersfromtheM1corridor.
ThesubjectpropertyislocatedinaclusterofretailwarehousingwithDunstableRoadRetailParksituatedtotheimmediatesouthofthescheme.HattersWayRetailParkandaB&QWarehousearealsolocatedincloseproximity.
LONDONLUTON
AIRPORT
A505
A6
A6
A6
A505
A505
A505A505
A5
A5
A505
A1081
A5228
A1081
A5120
A1081
M1
11
10
10A
LUTON
MADFORDRETAIL PARK
Luton Retail Park(161,995 sq ft)Mixed consent Tenants include: B&Q, Next, Pets at Home, Halfords, Toys ‘R’ Us, Argos, Poundland
Laporte Retail Park(108,696 sq ft)Bulky and food consentTenants include: B&Q and Aldi
Hatters Way Retail Park(83,327 sq ft)Bulky goods consentTenants include DFS, Carpetright, Bensons, Dreams, SCS, Bathstore, KFC
Dunstable Road Retail Park(46,850 sq ft)Bulky goods consentTenants include: Next Home,Currys / PC World Megastore
Homebase(40,350 sq ft)
Dunelm(35,398 sq ft)
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
DESCRIPTION
Thesubjectpropertycomprises2adjoiningunitsoccupiedbyPCWorldandStapletonTyres,tradingasTyreCity.
Externally,theschemeiswellpresentedandmodern,withacombinationofbrickandmetalprofilecladdingtothefaçades.
ThePCWorldunittotals25,446sqftandisfittedouttothetenant’sspecification.Theunitdoesnothaveamezzaninefloorbutthereissufficienteavesheighttoinstallone,subjecttoplanning.
TheTyreCityunittotals10,894sqftandisfullyfittedoutasatyrefittingservicecentre.Theinternalgroundfloorarea,totalling9,317sqft,comprisesaworkshop,tyresalesareaandstaffoffices.Thereisa1,577sqftmezzaninewithstaffaccommodationandfacilities.
CustomeraccessandegresstothePCWorldunitisviaasliproadfromDunstableRoad,whilstcustomeraccesstotheTyreCityunitisviaWallerAvenue,whichalsoprovidesserviceaccesstothePCWorldunit.
CustomercarparkingislocatedtothefrontofthePCWorldunit,providing123spacesequatingtoanattractivecarparkingratioof1:207sqft.ThereisfurthercarparkinginfrontoftheTyreCityunitservicingtheircustomers.
Thetotalsiteareais2.67acresprovidingalowsitecoverof30%.
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
TENURE
Thesite,delineatedabove,isheldfreehold.
PLANNING
Planningwasoriginallygrantedin1998foraunitwithaB1consentandanA1retailunit,withancillarycarparkingandservicing.Theretailunitwasrestrictedtoamaximumof24,994sqftandhadabulkygoodsconsent.
In2009anapplicationwasmadetoremovethebulkygoodsrestrictionontheretailunit,allowingittobeusedforthesaleofallgoodswithinClassA1.Thiswasgrantedonappealin2010,potentiallyallowingthepropertytobeusedbyafoodoperator.
TheCouncilconfirmedinNovember2013thattheopenA1permissionhadbeenimplementedandthattheunitcanbeoccupiedbyafoodstoreatanyfuturedate,subjecttoanacousticfencebeingerectedaroundtheboundaryofthesiteandaTravelPlanbeingapprovedbythelocalauthority.
Furtherdetailsandtheplanningpermissionsareavailableonrequest.
TENANCY
Thepropertyisletonfullrepairingandinsuringleasesbenefitingfromanaverageincomeweightedunexpiredleasetermofvirtually8yearsasfollows:
Unit Tenant NameTotal Area
(sq ft)Lease Start
DateLease Term
(years)Lease Expiry
DateNext Rent
ReviewCurrent Rent (per annum)
Current Rent (per sq ft)
Comments
1 DSGRetailLimitedt/aPCWorld 25,446 16/08/1999 25 15/08/2024 16/08/2019 £451,650 £17.75
2&3Stapletons(TyreServices)Ltdt/aTyreCity
10,894 28/02/2000 15 27/02/2015 – £80,000 £7.34Tenantcurrentlyholdingover.Groundfloorareaof9,317sqftandmezzanineareaof1,577sqft.
Total 36,340 £531,650 £14.63
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
ASSET MANAGEMENT OPPORTUNITIES
Thepropertyprovidesanexcitingopportunityforanincominginvestortocreatevaluethroughre-lettingthePCWorldunittoAldi,oranotherfoodretailer.
PCWorldhaveundertakenacombined2in1storewiththeCurrysunitonDunstableRoadRetailPark.Thereforetheyareamenabletoasurrenderoftheirunithereinreturnformakingapayment,previouslyagreedat18months’rent,totheLandlord.
AldiStoresLimitedarekeentotakeoccupationofthePCWorldunitonsurrender,atarentof£355,000perannum.Theleasewouldbefor20yearswith5yearlyrentreviewscollaredandcappedat1%and3%perannumcompounded.
Headsoftermshavebeenagreedwithbothpartiesandareavailableonrequest.
Inaddition,theTyreCityleaseexpirywason27February2015.However,theyremaininoccupationandareholdingover.Weunderstandtheyarewillingtore-geartheirleasehere,whichcanbeactionedbytheincomingpurchaser.Furtherdetailonthisisavailableonrequest.
TENANTS’ COVENANTS
DSGRetailLtdaretheUK’sleadingelectricalretailer,andhavingmergedwithCarphoneWarehousein2014tocreateDixonsCarphone,nowhave1,300storesacrosstheUKandIreland.PCWorldisthemarketleadingbrandincomputingintheUK.
TyreCityispartofStapletons(TyreServices)Ltd,oneoftheUK’slargestdistributorsofpassengercar,4x4andvantyres.Thebusinesshasbeeninoperationforover75yearsandwasacquiredin1994bytheJapaneseItochuCorporation,whoalsoownKwikFit.
TheleasewasassignedfromPendragonPropertyHoldingstoStapletons(TyreServices)LtdandanAGAwasputinplace.PendragonPropertyHoldingsLtdisawhollyownedsubsidiaryofPendragonPlc,whichcontainsanumberoffreeholdandleaseholdpropertyassets.PendragonPlcisaFTSE250listedcompanywithamarketcapofaround£550million,andisamulti-nationaloperatoroffranchisedmotordealersintheUK.
Wesetoutbelowthemostrecentcompanyaccountsfortheindividualtenantsdemonstratingtheir‘A1’D&Bratedcovenants.
Unit Tenant Year Ending Sales Turnover (000’s)
Profit/Loss Pre Taxes
(000’s)
Net Worth (000’s)
D&B Rating
1 PCWorld(DSGRetailLtd) 30/04/2014 £4,078,300 £94,100 £377,500 5A1
30/04/2013 £3,997,900 £62,300 £301,800
2&3 Stapletons(TyreServices)Ltd 31/03/2014 £376,962 £12,348 £7,709 3A1
31/03/2013 £342,447 £7,075 £24,520
PendragonPropertyHoldingsLtd 31/12/2013 -£5,095 £8,669 3A1
31/12/2012 -£3,980 £12,930
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
EPC’S
Unit1hasanEPCratingofB38.Unit2-3hasanEPCratingofD99.
VAT
ThepropertyhasbeenelectedforVATandthereforeVATispayable.However,weanticipatethetransactiontobetreatedbywayofaTOGC.
PROPOSAL
Weareinstructedtoseekoffersfortheabovepropertybasedonanattractive net initial yield of 7.00%(assumingpurchaser’scostsat5.80%),equatingtoapurchasepriceof£7,180,000 (Seven Million, One Hundred and Eighty Thousand Pounds),subjecttocontractandexclusiveofVAT.
CONTACT DETAILS
Paul WilkinsonT: 02073173799M: 07770585314E: [email protected]
Ellie KirkbyT: 02073173790M: 07764241898E: [email protected]
WilkinsonWilliamsHeathcoatHouse20SavileRowLondonW1S3PR
www.wilkinsonwilliams.co.uk
MISREPRESENTATIONNOTICE.WilkinsonWilliamsLLPgivenoticetoanyonewhomayreadtheseparticularsasfollows:1.Theseparticularsarepreparedfortheguidanceonlyofprospectivepurchasers.Theyareintendedtogiveafairoveralldescriptionofthepropertybutarenotintendedtoconstitutepartofanofferorcontract.2.Anyinformationcontainedherein(whetherinthetext,plansorphotographs)isgiveningoodfaithbutshouldnotberelieduponasbeingastatementofrepresentationorfact.3.Nothingintheseparticularsshallbedeemedtobeastatementthatthepropertyisingoodconditionorotherwisenorthatanyservicesorfacilitiesareingoodworkingorder.4.Thephotographsappearinginthisbrochureshowonlycertainpartsofthepropertyatthetimewhenthephotographsweretaken.Certainaspectsmayhavechangedsincethephotographsweretakenanditshouldnotbeassumedthatthepropertyremainspreciselyasdisplayedinthephotographs.Furthermore,noassumptionsshouldbemadeinrespectofpartsofthepropertywhicharenotshowninthephotographs.5.Anyareas,measurementsordistancesreferredtohereinareapproximateonly.6.Wherethereisreferenceintheparticularstothefactthatalterationshavebeencarriedoutorthataparticularuseismadeofanypartoftheproperty,thisisnotintendedtobeastatementthatanynecessaryplanning,buildingregulationsorotherconsentshavebeenobtainedandthesemattersmustbeverifiedbyanintendingpurchaser.7.Descriptionsofthepropertyareinevitablysubjectiveandthedescriptionscontainedhereinaregiveningoodfaithasanopinionandnotbywayofstatementoffact.Plansarepublishedforconvenienceofidentificationonlyandalthoughbelievedtobecorrect,theiraccuracyisnotguaranteedandtheydonotformpartofanycontract.June2015.DesignedandproducedbyCreativeworldTel:01282858200
Madford Retail Park, Dunstable Road, Luton LU4 8DN RETAIL WAREHOUSE AND TRADE INVESTMENT OPPORTUNITY
HOME PAGE INVESTMENT CONSIDERATIONS
LOCATION, CATCHMENT POPULATION
RETAIL WAREHOUSING IN LUTON, SITUATION DESCRIPTION, TENURE PLANNING, TENANCY ASSET MANAGEMENT,
TENANTS’ COVENANTSEPC, PROPOSAL,VAT, CONTACTS
