Multi Packaging Solutions

Redwither Road Wrexham LL13 9RD

M O D E R N I N D U S T R I A L I N V E S T M E N T O P P O R T U N I T Y

I N V E S T M E N T S U M M A R Y• Wrexham is a key administrative, commercial and retail centre in North Wales.

• The property comprises a detached warehouse with a two storey office, extending in total to 43,538 sq ft.

• Fully let to Multi Packaging Solutions UK Limited, on a lease expiring 8th November 2027 with a break on 9th November 2022.

• The passing rent is £148,250 per annum, reflecting £3.41 per sq ft.

• Offers are sought in excess of £1,550,000 (One Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 9.00% assuming standard purchaser’s costs.

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD

WrexhamIndustrial Estate

A525

A525

A525

A5152

A483

A483

A5156A534

A534

A534

A5152

B5130

Cock Bank

Old Sontley

Hightown

PentreMaelor

WrexhamRugby Club

WrexhamMaelor Hospital

WrexhamGolf Club

Acton Park

Clays Golf Club

Cross Lanes

Bryn

Lane

Oak Road

Ridley Wood

Road

Ind EstateRoad

Cefn Road

Cefn

Ro

ad

Kiln Lane

Bed

well R

oad

RedwitherBusiness Park

WREXHAM

Liverpool

Shrewsbury

Birmingham

Manchester

Stoke-on-Trent

L

Nottingham

A525

A483A41

A41A49

A5

A483

A628

A534

M6

M1

M1

Gwersyllt

WrexhamGeneral

WrexhamCentral

SUBJECTPROPERTY

WREXHAM

M60

M56

M6

M6

M54

M5

M42M6 Toll

M62

M53

L O C AT I O NWrexham is the largest town in North Wales and is located approximately 13 miles south of Chester and 50 miles south west of Manchester. As North Wales’ largest town, and the fourth largest urban area in Wales, it is a major commercial, retail and educational regional centre.

The town benefits from frequent and direct rail services to Birmingham, Cardiff and Chester. Trains run regularly to Chester in 18 minutes, and journey times to Manchester and London are 1 hour 44 minutes and 2 hours 35 minutes respectively. Manchester Airport, the UK’s third largest airport, is 46 miles North East of the property.

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD

IND

EST RD

BRYN LANE BRYN LANE

BR

YN

LA

NE

BR

YN

LA

NE

AB

EN

BU

RY

WAY

ABENBURY WAY

CO

ED ABEN ROAD

REDWITHER ROAD

OAK ROAD

OAK ROAD

OAK ROAD

B51

30

B51

30

B5

130

B5130

B5130

BRIDG

E RO

AD

BR

IDG

E R

OA

D S

OUTH

CLYWEDOG ROAD EAST

CLYWEDOG RD NORTH

CLY

WED

OG

RO

AD

SO

UTH

ASH

RO

AD

NO

RT

H

ASH ROAD NORTH

BRIDGE RD NORTH

BRIDGE R

D NO

RT

H

ABBEY ROAD

1

2

3

4

5

6

7 8

9

10

11

1213

14

15

16

17

18

20

21

19

1 JCB Transmissions

10 Hoya Lens UK

19 Premier Decorations

20 TRW Automotive Aftermarket

21 Tritech

11 DTCC Europe

12 Norish Wrexham

13 Wrexham Enterprise Park

14 Rowan Foods

15 Demon Tweeks

16 Ardagh Group

17 TDG Contract Logistics

18 Prysmian

2 Annyalla Chicks UK

3 Solvay

4 Playford Packaging

5 Wrexham Wire

6 Coveris Advanced Coatings

7 Wockhardt

8 CrossFit Wrexham

9 Kelloggs Wrexham

SUBJECTPROPERTY

S I T U AT I O NWrexham Industrial Estate is one of the largest industrial estates in Europe, and extends to approximately 1,350 acres in total.

The estate benefits from good quality infrastructure and major occupiers include Kellogg’s, Calypso Soft Drinks, JCB and Tetra Pak Limited, providing approximately 7,000 jobs in around 300 businesses.

Access onto the site was greatly improved with the opening of a link road in 2012, linking the Estate to the A534 in the North. The A534 in turn, provides access to the A483 Wrexham by-pass, linking the A55 North Wales express way to the M53. The A534 also provides access to Junctions 16 and 17 of the M6 via the A51 and A500.

The subject property is located to the south of the estate and is accessed from Redwither Road.

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD

D E S C R I P T I O NThe premises comprises a three bay detached warehouse facility of steel portal frame construction, together with part single, part two storey offices/showroom accommodation. The property has an eaves height of approximately 6.30 metres, and there are two dock level loading doors, as well as three level access loading doors.

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD

A C C O M M O D AT I O NThe property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition), on a Gross Internal Area basis.

sq ft sq m

Warehouse 37,868 3,518

GF/FF Offices 5,670 528

Total 43,538 4,045

There is a mezzanine in the warehouse extending to 1,620 sq ft (151 sq m) and a loading canopy extending to 749 sq ft (70 sq m).

The site extends to 2.649 acres (1.072 ha).

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD

T E N U R EThe site is held Freehold.

T E N A N C YThe property is let to Multi Packaging Solutions UK Limited on a full repairing and insuring lease for a term of 10 years, expiring 8th November 2027 with a tenant break option on 9th November 2022 at a passing rent of £148,250 per annum. There is an upwards only rent review on 9th November 2022. For identification purposes only

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD

T E N A N T C O V E N A N TMulti Packaging Solutions is a multi-national packaging solutions company, founded in 1991 and headquartered in New York. Their markets include Healthcare, Confectionery, Media, Beauty and Personal Care, and Premium Drinks.

The company employs around 2,700 employees nationally, with approximately 9,000 employees internationally. The company operates from 19 locations throughout the UK.

Multi Packaging Solutions UK Limited (Company number 02586987). We have summarised the company’s most recent accounts below:

Year 30/06/2016 30/06/2015 30/06/2014

Turnover £235,785,000 £236,802,000 £109,699,000

Pre Tax Profit £33,812,000 £40,830,000 £12,682,000

Shareholder’s Funds £418,138,000 £389,598,000 £345,556,000

The company has a credit safe rating of 75/100, representing a very low risk.

V ATThe property is elected for VAT and it is expected that the transaction will be treated as a transfer of going concern (TOGC).

E P CThe property has an EPC rating of D 79.

MISREPRESENTATION ACT 1967 | DISCLAIMER COPYRIGHT © JONES LANG LASALLE IP, INC. 2017. All rights reserved.Jones Lang LaSalle for themselves and for the vendors of this property whose agents they are give notice that: a) The particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. b) The information contained in this communication has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither Jones Lang LaSalle nor any of their employees, directors, advisers and / or representatives shall have any responsibility or liability whatsoever for any loss howsoever arising from any use of or reliance upon this communication or its contents or any further communication relating to the subject matter of this communication or otherwise arising in connection with this communication. The information set out herein is confidential and may be subject to updating, completion, revision, verification and amendment and such information may change materially. c) No person in the employment of Jones Lang LaSalle has any authority to make or give any representation or warranty whatever in relation to the subject matter of this communication. 03/2018. Designed and produced by Creativeworld Tel: 01282 858200.

F U R T H E R I N F O R M AT I O NFor further information, please contact:

Andrew Hilbourne0161 238 6284andrew.hilbourne@eu.jll.com

Donya Beale0161 828 6466donya.beale@eu.jll.com

P R O P O S A LOffers are sought in excess of £1,550,000 (One Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 9.00% assuming standard purchaser’s costs.

Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD