CREATIVEWORLD IS EXPANDING THROUGHOUT THE UK & IRELAND
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INVESTMENT // LETTING // COMMERCIAL // INDUSTRIAL
CREATIVEWORLD IS EXPANDING
THROUGHOUT THE UK & IRELAND
OUR NEW
DUBLIN
OFFICE
OUR DEDICATED IRISH
OFFICE IS SET TO OPEN
IN THE NEW YEAR
BLYTHE
VALLEY PARK
THE MOST PRESTIGIOUS
MIXED-USE BUSINESS PARK
IN THE WEST MIDLANDS
PERFORMANCE
PORTFOLIO
A PORTFOLIO COMPRISING
36 ASSETS, TOTALLING
1.05M SQ FT, ACROSS 36
LOCATIONS IN THE UK
MARLOW
INTERNATIONAL
A MAJOR LANDMARK
HEADQUARTERS OFFICE
BUILDING IN THE HEART
OF THAMES VALLEY
A TRIED AND
TESTED FORMULA
FOR SUCCESS
THE TEAM AT CREATIVEWORLD Over 25 years of experience and knowledge within the
property investment industry makes us a tried and tested
PROVIDE A SUPERIOR formula for success. Our understanding of the property
STANDARD OF SERVICE AND market is as comprehensive as it is diverse and the team
at Creativeworld provide a superior standard of service
PRODUCT, KEEPING US AT THE and product, keeping us at the forefront of the property
NORTHWEST
FOREFRONT OF THE PROPERTY investment market.
DUBLIN
OFFICE INVESTMENT MARKET. Our country is certainly being tried and tested in the
present political climate. Brexit issues remain volatile,
OFFICE unfortunately causing nervousness within the investment
and retail sector. One thing we can be certain of is that we
have the knowledge, experience and marketing strategies
Clive Wood to facilitate all your needs whatever the political outcome.
T 01282 858 200 This has proven to be difficult times for the retail sector
M 07768 221 785 with online shopping hitting the high street badly. Retail
E clive@creativeworld.co.uk
properties in the United Kingdom are having to diversify due
to social trends and investment issues. Hopefully there is a
brighter future ahead and these properties will be fuelled
by confidence and adaptations to elicit their true investment
LONDON Simon Swindells potential with a more settled government and investment at
OFFICE T 01282 858 200 home and overseas.
M 07785 707079
E simon@creativeworld.co.uk 2018 has shown continuing growth in certain market
sectors with land development and warehouse portfolios
on the increase. Our team have worked with leading
retail investment agents in these areas, both in the United
Kingdom and Ireland. The Republic of Ireland has continued
James Wood to thrive over the last two years and we have worked
T 020 8763 2840
diligently in Ireland with success and enthusiasm.
M 07720 322 138
E james@creativeworld.co.uk Buoyancy in the letting market this year has enabled us
to work with even more clients in this field with numerous
prestigious schemes requiring our knowledge; Brochures;
Hoardings; Websites; Direct Mailing have all benefited from
Alex Wood our bespoke marketing material.
T 01282 858 200 We have been tried and tested over the past 25 years and
M 07872 129 098 have always aspired to give our best. Our loyal clients are
E alex@creativeworld.co.uk testimony to this. So, we thank them all and welcome in any
new clients in what we hope will be a prosperous 2019.
2 CREATIVEWORLD PROPERTY SPOTLIGHT 3
CREATIVEWORLD EXPANDS OUR NEW OFFICE Here’s some of the projects in Ireland which we
WITH NEW DUBLIN OFFICE
have been involved within the past year:
Digital House,
Greenville Place
21 Blackpitts,
Dublin 8,
Following the excellent success and growth that Creativeworld has enjoyed over the last 12 months within
the Irish Property Investment Market, we are delighted to announce that as of the 7th of January 2019, we Ireland THE APOLLO
will be opening our very own Dublin office. SAVILLS
Brochure, Website & Data Room
Apollo House is a city centre site with full planning permission to
develop a striking Grade A office building within a key business
district.
PROJECT WATERFRONT
SAVILLS AND CUSHMAN & WAKEFIELD
Brochure, Data Room, Press Adverts, HTML E-Mailer
Project Waterfront provides a truly unique opportunity to acquire
a prime waterfront site with planning permission in Dublin’s
Docklands.
THE SQUARE
JLL AND CUSHMANS & WAKEFIELD
Brochure, Website & Data Room, Press Adverts, HTML E-Mailer
The Square is one of Dublin’s largest regional shopping Centres.
Situated in Tallaght, one of Dublin’s largest suburbs, it’s safe to say
that The Square is the retail and leisure hub for the entire area.
2-4 CLAREMONT ROAD
HWBC
Brochure, Data Room, Press Adverts, HTML E-Mailer
2-4 Claremont Road comprises a modern, self-contained HQ
office building with significant profile onto Claremont Road
overlooking Sandymount Green.
GET A CLOSER LOOK AT ALL THE PROJECTS
CREATIVEWORLD HAS BEEN INVOLVED
WITH IN IRELAND IN OUR IRISH PROPERTY
SPOTLIGHT.
4 CREATIVEWORLD PROPERTY SPOTLIGHT 5
OFFICE INVESTMENT
MARLOW INTERNATIONAL
// THAMES VALLEY
COLLIERS
Brochure, Website & Video Tour
Marlow International comprises a major landmark headquarters office building
providing 230,767 sq ft of Grade A office accommodation.
Having worked with Colliers International on a number of high-profile investment
opportunities, Creativeworld was approached to develop a full marketing
strategy for this unique opportunity. The team produced a casebound brochure
complete with bespoke artwork. The outer cover featured a subtle clear gloss
scodix pattern in order to give a classy feel to match the offices in question.
To complement the printed material came the creation of a high quality,
responsive website which was developed by our talented in-house digital studio
team. The Creativeworld team also produced a high-resolution video tour of the
entire complex to give visitors an interactive, in-depth insight
into the accommodation available.
BROCHURE
SPECIFICATION
• 30 page oversized case
bound brochure
• Layflat binding
• Metallic ink to cover
• Scodix vanish to cover
and end papers
The Building
Marlow International was originally built by Arlington
Securities in 1987 for Rank Xerox who occupied the building
as their UK headquarters. In 2001 it was extended and
upgraded at a reported cost of £24 million to an ‘Excellent’
BREEAM rating. Since 2001 the building has benefited from
further ongoing capital expenditure.
The property comprises a major landmark headquarters
office building providing 230,767 sq ft of Grade A offices
and restaurant space arranged over ground and three
Marlow International, Marlow, SL7 1YL upper floors around a central, full height atrium.
Investment Summary The property benefits from the following specification;
Four pipe fan coil air conditioning system
Marlow International offers a unique opportunity to acquire
one of the largest and most prestigious office buildings in
Fully accessible raised floors with 150 mm void
the Thames Valley
throughout the building
Located in the heart of the Thames Valley within close
2.6m floor to ceiling height
proximity to the M25, M4 and M40 motorways, as well as
Heathrow Airport
Suspended ceilings with recessed lighting
The property comprises 230,767 sq ft of high quality
Central full height atrium with a fully glazed roof
Grade A office space arranged over ground and three
upper floors within attractive landscaped grounds
7 x 13 person passenger lifts
Multi-let to six tenants including the global brands of
Allergan Ltd and Dun & Bradstreet Ltd Fully fitted and equipped 500 cover restaurant
The annual passing rent is £5,514,462 per annum Digital building management system to control the
(£23.90 psf) mechanical services
The tenancies show a WAULT of 5.95 years to expiry and There are a total of 854 underground and ground level
5.74 years to breaks car parking spaces, providing an excellent car parking
ratio of 1:259 sq ft
Grade A specification with 854 car parking spaces,
providing an excellent car parking ratio of 1:259 sq ft
Proposal
Our client is seeking offers in excess of £77,385,000
(Seventy Seven Million Three Hundred and Eighty Five
Thousand Pounds), subject to contract and exclusive of VAT.
This price reflects an attractive net initial yield of 7.00%, and
a capital value of £337 psf, assuming purchasers costs of
1.80% for the SPV.
4 5
12 13
6 CREATIVEWORLD PROPERTY SPOTLIGHT 7
OFFICE INVESTMENT
BLYTHE VALLEY PARK
// WEST MIDLANDS
ACRE
Brochure - Print & Pdfs, Preliminary Brochure
Creativeworld was exclusively appointed by ACRE to develop the
marketing material for Blythe Valley Park which has been dubbed ‘the most
prestigious mixed-use business park in the West Midlands’.
The park offers a premier brand, unrivalled connectivity both nationally
and internationally and provides high quality headquarters accommodation
of varying sizes totalling 454,071 sq ft across 11 high class offices, a Virgin
Active gym, a central amenity centre, a day nursery, a technical centre and
a unique central car park.
As part of the marketing package came the creation of a unique teaser
brochure to build the hype of the portfolio in question. The teaser brochure
came in the design of a 14 page A4 landscape brochure which featured
folded A2 inners to allow interested parties to view the overall tenancy
schedule and business plan for the next five years. The brochure was
printed with a four colour process throughout on a satin material complete
with a matt laminate and scodix varnish finish to the outer cover.
Once the initial teaser reached the market the team then produced an
80 page brochure, complete with bespoke artwork and the drawing up of
location maps. The brochure allowed potential buyers with a full showcase
of the impressive scheme.
Blythe Valley Park
is both Birmingham’s and 9. TRANSPORT CONNECTIONS
the West Midlands’
2. INVESTMENT SUMMARY Rugeley Ashby-de- 23
most prestigious
13
Loughborough
la-Zouch
Bus Air
• Blythe Valley Park (BVP) is both Birmingham’s and the West
Midlands’ most prestigious mixed-use business park
• Benefits from an average weighted unexpired lease term of 8.2 years
to expiries and 6.1 years to breaks.
mixed-use business park 12 Cannock Lichfield 11
22
Blythe Valley Park has implemented a sustained policy to address Blythe Valley Park is located within 7 miles of Birmingham International
transport. An enhanced bus service linking buildings on the Park Airport. The airport has 43 airlines operating to more than 140
M54
11
M6(T)
• BVP provides a unique opportunity to acquire a largely unbroken, • Numerous realistic asset management opportunities to capitalise 2 M42 LEICESTER with Solihull Train Station, Birmingham International Airport and worldwide routes, including destinations within the UK, Europe,
commercially successful and reversionary West Midlands mixed-use upon the 34% reversion through rent reviews, lease re-gears and Rail Station, the NEC and Birmingham City Centre is one of many North America, South America, South Africa and the Far East.
business park with inherent asset management potential. refurbishments and new lettings. These include: Walsall 21 examples of sustainable approaches to development at the Park.
Wolverhampton 10
The Airport currently serves over 11 million passengers a year. The
• The Park benefits from unrivalled connectivity, scale, diversity and • Crystallising its reversionary potential by actioning 8 7 Hinckley • A Shuttle Bus runs from Solihull Train Station to Blythe Valley recent runway extension will accommodate growth up to 36 million
regional dominance that cannot be easily replicated. 15 reversionary rent reviews on 62% (279,953 sq ft) of the 9
2 Park with a 20-minute journey time. passengers.
West Bromwich Nuneaton
accommodation. 1
M1
• The park benefits from excellent multi-modal transport connectivity,
1 6 8
• A Shuttle Bus runs from Birmingham International Station to
• BIRMINGHAM Blythe Valley Park with a 15-minute journey time.
2
being located at the heart of the UK’s motorway network, close to Extending the assets unexpired term certain on 20% (88,448 M69
M6
Birmingham International Train Station, Birmingham International sq ft) of the accommodation through removing 6 break options. 3
BIRMINGHAM 20
• The X20 Bus runs once in the morning and twice in the
Airport and the proposed HS2 Solihull Interchange Station – which
Blythe Valley Park has implemented a
3 6 2
afternoon, from Stratford upon Avon calling at Blythe Valley Park
will be the first stop outside London. • Action 12 reversionary lease negotiations on 31% (142,327 sq ft)
Kidderminster M5 Solihull
M42 Coventry and onwards on to Birmingham City Centre.
of the accommodation.
1
sustained policy to address transport
19
5
• BVP is prominently positioned within one of the UK’s strongest 4
•
4
regional economies. The West Midlands accounts for £223 billion Increase the rental tone and drive rental value in the letting of 1
2 18
the 54,000 sq ft 1 Blythe Gate building.
3
in GVA (gross value added) to the UK economy, with its economy Bromsgrove 16
forecast to grow by 8.7% over the next 5 years. It accounts for 19.7% Stourport- 17
Leamington Spa
of the UK’s manufacturing output and is the number 1 destination • Opportunity to develop a further 142,000 sq ft of H.Q. office on-Severn
Redditch M40
or light industrial accommodation pushing the park's rental
for relocation outside of London.
5
Warwick
tone and maximising the assets value. Estimated GDV of Droitwich 15 14 Daventry
£55.0 million.
• The West Midlands economy is benefitting from significant levels 13
of inward investment, including £13.9 billion on infrastructure,
£6.4 billion on housing and £1.6 billion on commercial projects. • Unique proposition to refurbish and re-position a 54,000 sq ft 6
HS2
H.Q. office. The re-engineering of this asset produces an Stratford upon Avon 12
estimated GDV of £21,500,000. Worcester
• BVP comprises a master-planned, HQ campus set within 257 7 HS2’s first stop from London will be at the Solihull
acres, with 122 acres of landscaped country park. It forms part of York Interchange Station (with a journey time of 49 minutes),
a majority-developed 2 million sq ft mixed-use, 24/7 destination, • The majority of the Park has been the subject of a substantial Preston Leeds approximately 5 minutes drive north from Blythe Valley
capital expenditure programme and refurbishment projects totalling Park. Blythe Valley Park will benefit significantly from HS2.
which has planning for up to 750 homes, a 200-bed hotel, a 250-
approximately £45 million. The Park will be a beneficiary of increased tenant demand
unit care home, 27,000 sq ft of retail, 10,760 sq ft of leisure and Wigan Manchester
community uses and 1,064,000 sq ft of office and warehouse (estimated to create 25,000 jobs) as a result of the
space.
• Ingrained emphasis on service provision, employee well-being and
Warrington
Piccadilly
construction and connectivity of HS2 but also long term
productivity and amenity offering across the park. Manchester due to its proximity to the interchange at Birmingham
Road Rail
Liverpool Sheffield
• The investment opportunity comprises 454,071 sq ft across
• Benefits from 2,103 car parking spaces, providing one of the best
Airport
International Railway Station.
11 high-class Grade-A HQ office buildings, a Virgin Active gym, a ratios in the UK at 1:216 sq ft (net). Chesterfield
By road, Blythe Valley Park is 4 miles to the south of the affluent town The Park is within a 5-minute drive of Birmingham International High Speed Two (HS2) received Royal Assent on 23rd
day nursery, a central amenity centre, a specialist technical centre, Crewe
of Solihull and 21 miles to the south east of Central Birmingham, with Railway Station. Birmingham International offers rail links to all major
a unique 600-space central car park, development land with the • Freehold.
London 106 miles (170km) to the south east. The park is strategically UK destinations.
February 2017 for the construction of HS2 Phase 1
between London and Birmingham. The proposal is being
potential for 142,000 sq ft of additional accommodation and a
located at the heart of the UK’s motorway network with direct access taken forward in two phases: Phase One will connect
54,000 sq ft office repositioning opportunity. East Midlands Hub
to Junction 4 of the M42. The M40 is just 1.5 miles (2.4km) to the London with Birmingham and the West Midlands by 2026
Location Travel Time
south, and the M6 8 miles to the North.
• Its occupational markets are characterised by strengthening
Birmingham New Street 11 minutes
Stafford and Phase Two will extend the route to Manchester, Leeds
occupational demand, reduced supply, rental growth accelerating PROPOSAL and beyond by 2033. Significantly it will capitalise on the
and stock replacement levels being at historically low levels. Location Travel Distance London Euston 76 minutes regions central position in the UK, opening up the region
We are instructed to seek offers in excess of £130,000,000 to the growing northern powerhouse and improving
• The assets letting velocity is unique - 81% (153,131 sq ft) of the space (subject to contract and exclusive of VAT) for our Clients’ M42 Direct Link
The are several other stations within the immediate vicinity of Blythe Birmingham connectively to the vibrant south east market.
that has been developed or refurbished in the last 2.5 years has freehold interest. M40 1.5 miles Curzon Street
Valley Park, including Solihull, Widney Manor and Dorridge on the Birmingham Interchange
secured pre-lets or let within 2 months of practical completion.
A purchase at this level reflects (assuming purchaser’s costs Chiltern Line between London Marylebone and Birmingham. Birmingham • Infrastructure investment will provide approximately
Birmingham International Airport 7 miles Airport 25,000 jobs for those involved in building and running
• Produces a total current rental income of £7,913,056 per annum of 6.8%) the following: and Railway Station the new HS2
reflecting only £19.52 per sq ft overall (adjusted for the car parking
and 1 Blythe Gate). • An attractive net initial yield of 6.35% and a low capital M6 8 miles • HS2 will support growth in the wider economy creating
value of £291 on the let / income producing space M5 14 miles
New Station (Phase 1) an additional 100,000 jobs
• The Park is reversionary to at least £10,595,885 per annum, New Station (Phase 2b)
• Journey times from London to Birmingham will be
reflecting £23.96 per sq ft overall (adjusted for the car park • £155 per sq ft capital value on 1 Blythe Gate Birmingham City Centre 21 miles Destinations served by HS2 services on existing network
cut to less than one hour
income). (re-positioning opportunity) HS2 line (Phase 1)
Old Oak Common
London 106 miles
Blythe Valley Park provides one of the HS2 Line (Phase 2a)
• The £1 - £2bn annual capital investment will help
• Multi-let to 27 tenants on 28 FRI leases. • £568,000 per acre on the development land HS2 Line (Phase 2b)
Heathrow London create jobs and further stimulate economic activity
Staff working at Blythe Valley Park are encouraged to take advantage
of the park wide car sharing scheme that is free to join and offers
best car parking ratios in the UK at HS2 services on existing network
Airport (Euston)
• It is anticipated that HS2 will carry 26,000 people
cost saving benefits to participants. More information can be found
at: www.bvpcarshare.co.uk
1:284 sq ft every hour
24 25
6 7
8 CREATIVEWORLD PROPERTY SPOTLIGHT 9
OFFICE INVESTMENT
RICOH HOUSE
800 PAVILION DRIVE, NORTHAMPTON BUSINESS PARK, NORTHAMPTON NN4 7YL
Freehold HQ Office Building let to the
5A1 covenant of Ricoh UK Limited
4500 PARKWAY
SOLENT BUSINESS PARK
South Coast Office Investment with Exceptional Asset Management Opportunities
4500 PARKWAY, SOLENT RICOH HOUSE
BUSINESS PARK // FAREHAM // NORTHAMPTON
JLL COLLIERS
Brochure Pdf Brochure
Solent Business Park is the premier business park on Ricoh House is an attractive HQ office building located
the South Coast equidistant between Portsmouth and on Northampton Business Park, a premier Northampton
Southampton. Solent Business Park totals 1.4 million sq ft office location. The building comprises 50,849 sq ft
of office accommodation and is home to numerous (4,724 sq m) of net lettable office space, set over
multi-national companies. ground, first and second floors.
ONE DERBY SQUARE
// LIVERPOOL
CBRE
Brochure
One Derby Square offers investors an excellent opportunity
to acquire a prime multi-let office, retail and leisure
investment within the heart of Liverpool city centre. The
property provides 70,161 sq ft of office, retail and leisure
accommodation with 8 car parking spaces.
MANCHESTER
NORTHBANK HOUSE
IRLAM, GREATER MANCHESTER Prime City Centre Office & Leisure Investment Opportunity
MODERN HIGH-YIELDING OFFICE INVESTMENT
6.5 YEARS UNBROKEN INCOME TO TALKTALK
ONE
ONE
DERBY SQUARE THIS IS LIVERPOOL / LOCATION
DERBY SQUARE
L I V E R P O O L
L I V E R P O O L From a bustling major port to a European Capital of Culture… CULTURE EDUCATION
NORTHBANK HOUSE 86 DEANSGATE
A city rich in heritage and named as one of the best UK cities to live by With 55,000 students across four universities, Liverpool has a significant
the Sunday Times, Liverpool has invested heavily in arts and culture. The student population. The University of Liverpool is a founding member of
Situated in the North West of England, Liverpool cultural heritage of the city was celebrated in 2008, holding the title of the Russell Group therefore attracts high calibre students and is at the
is the UK’s fifth largest city and the commercial European Capital of Culture. The city has more galleries and national forefront of innovation and research.
PRIME MULTI-LET OFFICE, RETAIL & LEISURE INVESTMENT LIVERPOOL KEY FACTS museums than any other city outside of the capital, including the Tate
and administrative capital of Merseyside. Liverpool and Walker Art Gallery.
• 45% of North American trade enters via Liverpool ECONOMY
Liverpool is an integral part of the North West, the UK’s second largest Liverpool is internationally recognised for music, famous for the
regional economy, with its own economy worth more than £121 billion. • 58 million visitors per year worth £3.64 billion to Liverpool’s economy is supported by a diverse range of industries,
birthplace of The Beatles and home to the oldest surviving
// IRLAM, MANCHESTER // MANCHESTER
Liverpool and the surrounding region is the number one recipient of including automotive, ports and logistics, business services, tourism
the local economy professional symphony orchestra in the UK, the Royal Liverpool
foreign direct investment in the UK outside of London and the South and leisure. Automotive manufacturing is led by Jaguar Land Rover, a
Philharmonic Orchestra. Opened in 2008 the Echo Arena and adjoining
East. The area is the base of more than 3,000 businesses providing key employer in the area with a large facility at Halewood. The ports
• Liverpool’s city region economy worth £20 billion BT Convention Centre has hosted a wide range of music and sports
compelling evidence of the quality of the city’s business environment and and logistics sector has recently been boosted by the completion of
events, including MTV Europe Music Awards and BBC Sports Personality
commercial opportunities. Liverpool2, a new £300 million deep-water container terminal, elevating
• 4 universities with over 18,000 graduates each year of the Year.
the city’s status as the UK’s central gateway.
The city is home to a number of major financial institutions, multi- • £5 billion of public and private sector investment in
national corporations and public bodies, including Royal Sun Alliance, Liverpool is the sixth most visited city in the UK and tourism is worth
the last decade SPORT
Investec, Liverpool Victoria and Barclaycard. approximately £1.3 billion to the city every year. The tourism industry
CBRE CBRE
In addition to the rich cultural history, the city also boasts a fantastic has been buoyed by the cruise liner terminal at the Pier Head which has
• Number one recipient of foreign direct investment
Liverpool city centre has undergone an extraordinary transformation sporting heritage and historically the most successful footballing city recently welcomed the Cunard’s Three Queens.
in recent years led by £5 billion of inward investment. At the heart of
outside of South East England in England with both Liverpool FC and Everton FC based in the city.
the city’s renaissance is the completion of Liverpool One, a retail-led Everton have recently seen a major £200m overseas investment into the
development by Grosvenor, which provides an exceptional retail and leisure club. Liverpool also hosts the annual Grand National Festival, bringing
offering and is home to the busiest shopping street outside of London. world class horse racing to the city and tourism worth over £30 million
to the local economy.
Brochure Brochure In the top 10 of Liverpool’s Georgian
Quarter named in World Capital City
all UK Cities
Sunday Times one of of Pop – Guinness
visited by overseas
the best places to World Records
Northbank House was built in 2008 and provides The 86 Deansgate investment comprises a six storey
visitors live 2018
48,417 sq ft of modern Grade A specification building, with 5 upper floors of Grade A and recently
with 313 car spaces. It is let in its entirety to TalkTalk – refurbished office accommodation, together with two Top 3 cities in the
world to visit –
£1.3 Billion of
tourism spend
the UK’s leading value for money telecoms provider prime ground floor leisure units which total 49,220 sq ft
Rough Guide 2016 every year
with a Group turnover of over £1.5 billion. of accommodation and 19 secure basement car spaces. 8 9
10 CREATIVEWORLD PROPERTY SPOTLIGHT 11
OFFICE INVESTMENT
BARNETT HOUSE
MANCHESTER
Single Let Highly Reversionary Office Investment with
Medium Term Redevelopment / Refurbishment Potential
WA R E H O U S E & O F F I C E I N V E ST M E N T W I T H R E D E V E LO P M E N T O P P O RT U N I T I E S
BARNETT HOUSE LINGFIELD POINT
// MANCHESTER // DARLINGTON
CBRE MONTAGU EVANS
Brochure Brochure
Barnett House occupies a prominent position in the Standing on 85.3 acres, Lingfield Point is one of the premier
heart of Manchester’s traditional business and financial business locations in the Tees Valley region. Lingfield Point
core. The freehold property comprises a 9 storey provides 1,341,318 sq ft of stunning award-winning office and
building providing 30,096 sq ft of accommodation with warehouse accommodation.
22 secure basement car parking spaces.
MBNA HEADQUARTERS MBNA Chester is an asset of significant scale, providing over
288,000 sq ft of office space and almost 44,000 sq ft of
// CHESTER ancillary accommodation. Ancillary accommodation includes
an on-site cafeteria along with a purpose-built sports centre
CBRE providing squash courts, gym, sports hall and external sports
NORFOLK
HOUSE
MANCHESTER
Brochure pitches.
PRIME FREEHOLD
M U LT I L E T
OFFICE INVESTMENT
76 KING
S T R E E T
M A N C H E S T E R
PRIME FREEHOLD OFFICE &
RE TAIL INVES TMENT
Chester
Chester is an outstanding place to live and work for many reasons. In
fact, the UK Hot Housing Index recently named Chester as the best
place to live in the UK. Founded by the Romans in AD79, Chester
has a wealth of historical and cultural heritage in a beautiful setting,
with stunning countryside and coastline just a few miles away.
However it’s not all about the history. Chester has a contemporary
edge with modern infrastructure, vibrant economic status and an
76 KING STREET NORFOLK HOUSE
innovative enterprise community. Chester benefits from a mainline
train station with regular access to Manchester, Liverpool and
London.
Thanks to its strategic location, the town has excellent access to the
region’s major motorway networks and Manchester International
Airport is within easy reach.
// MANCHESTER // MANCHESTER
City highlights also include:
• A truly unique shopping experience with its historic two-tier
shopping galleries and traditional department stores, sitting
alongside modern shopping centres and outlets.
• An abundance of high-quality restaurants, cafés and bars.
CBRE CBRE
• Historic City Walls and visitor attractions including the
magnificent Cathedral, racecourse and zoo.
MBNA Campus Phase I-IV
AN OUTSTANDING PLACE FOR
BUSINESS, LEISURE AND LIVING
Brochure Brochure
Investment Rationale
1. Rare opportunity to acquire long term income secured against undoubted covenant of Lloyds Bank PLC at a yield
reflecting a 275 basis point discount compared to Lloyds Bank PLC corporate bonds
2. Low capital value of £200 per sq ft
3. Site of impressive scale, providing 46 acres in Cheshire
76 King Street is a landmark freehold office & retail Norfolk House is a multi-let office building of modern
Culture
4. Rare opportunity to access long term Cash on Cash returns
Chester attracts 8 million visitors a year to the city, generating Chester is also home to the UK’s number one wildlife attraction,
5. Low passing rent at 36% discount to Prime Chester rents annual tourism and visitor spend of £800m, which supports one Chester Zoo, which added a new £40m extension “The Islands”
6. Hypothetical rent review clause provides opportunity for future rental growth in ten local jobs. in 2015, marking its most ambitious project to date.
investment totalling 41,414 sq ft of Grade A accommodation grade A specification. Originally developed in 1997, the
7. Extremely well located, forming part of Chester’s prime business address in a market void of any real Grade A With a rich architectural, historical and archaeological backdrop Chester has a significant retail offering from large department
competition – the city features some of the best examples of Roman and stores such as Browns of Chester, to multi-national retail stores
8. Exceptional tenant story, with adjacent long term occupiers including: Bank of America Merrill Lynch, M&S Money, medieval architecture. The recently restored Roman Amphitheatre such as Marks & Spencer, Waterstones and Laura Ashley.
Bristol Myers Squibb, GB Group, Tetra Pak, APS Group, Regus and The Funding Corporation is used for many events and performances in the city, including There are a variety of specialist and independent shops and the
comprising; 4 floors of offices let to Orega and Berwin building totals 55,858 sq ft (5,189.3 sq m) arranged over
Theatre in the Park and music and literature festivals. ‘two-tier shopping galleries’ offer a unique and special retail
environment, providing a second level of shops above the street
Heronbridge House Field of Dreams Chester Racecourse holds a hugely successful programme of which is home to many privately owned boutiques.
race meetings as well as music events and corporate hospitality.
08 09 12 13
Leighton Paisner LLP, 2 prime retail units trading as DKNY ground and four upper floors, with a typical floor plate of
and Belstaff and 12 secure basement car parking spaces. 11,000 sq ft.
12 CREATIVEWORLD PROPERTY SPOTLIGHT 13
FUTUREHOUSE
STAIN ES- UPON -THAM ES
OFFICE INVESTMENT
FUTURE HOUSE
REFURBISHMENT // STAINES-UPON-THAMES
JLL
Future House has recently undergone a refurbishment
including a comprehensive replacement of the M&E
services at a cost of £2.450 million (£35 per sq ft).
The works included:
n Replacement of the central plant
n New fan coil units
Brochure
n New LED lighting in WC’s and shower room areas
n New gas fired boilers
n New and improved site security
n WC upgrades and installation of new shower block
n Lift improvements including the installation of VOIP
telephones
n Improved car parking facilities
n Upgrading of the on-site café
Future House was constructed in 2000 and comprises
n New fire alarm panel
n Installation of three electric vehicle charging points
a landmark headquarters office building arranged over
12 13 ground and four upper floors totalling 69,052 sq ft. The
highly specified accommodation is arranged in a ‘V’
shaped configuration with a central, feature full height
atrium. The building benefits from an enviable frontage to
the M25 motorway and is located in Staines which is one
of the premier office markets in the South East.
Due to our vast experience in property investment
marketing and our long-standing working relationship
with JLL, the Creativeworld team was exclusively selected
to design, develop and produce a bespoke 30-page
brochure for the Future House Investment opportunity.
The brochure came complete with unique design layouts
throughout as well as the drawing up of the maps and
plans by our talented inhouse artworkers.
FUTUREHOUSE
STAIN ES- UPON -THAM ES
FUTURE HOUSE
Future House was constructed in 2000 and comprises a landmark
headquarters office building arranged over ground and four upper floors
totalling 69,052 sq ft. The highly specified accommodation is arranged in a
‘V’ shaped configuration with a central, feature full height atrium.
The office accommodation benefits from the following specification:
Fully accessible Suspended ceilings 4 pipe fan coil
raised floors with LG3 lighting air-conditioning
Floor to ceiling height Two sizeable terraces Fully fitted staff
of 2.77m on the fourth floor canteen
on the first floor
BROCHURE
SPECIFICATION
Structural grid
of 7.5m x 9m and
Three passenger lifts
(10 persons/750kg) and
Male and female WCs
on each floor
• 30 page A4 brochure
• Layflat binding
7.5m x 7.5m one goods lift
• Scodix vanish to front
and back cover
Disabled WCs
on the first and second
Shower facilities 327 on-site car parking
spaces in a two-storey • Matt laminated
floors car park and at surface/
undercroft level.
Providing an excellent
ratio of 1:211 sq ft.
throughout
8 9
14 CREATIVEWORLD PROPERTY SPOTLIGHT 15
RETAIL/LEISURE INVESTMENT
TESCO
CHESTERFIELD ROAD SOUTH MANSFIELD
Dominant foodstore investment with 21 years
unexpired and annual RPI-linked uplifts
THE HAYES CARDIFF CF10 1AH
PRIME CARDIFF CITY CENTRE RETAIL AND LEISURE INVESTMENT OPPORTUNITY
TESCO 9-11 THE HAYES
// MANSFIELD // CARDIFF
SAVILLS & BNP PARIBAS KNIGHT FRANK
Brochure Pdf Brochure
Tesco Mansfield offers the opportunity to purchase a The property comprises an attractive Grade II Listed
24-hour foodstore with surface parking and an on-site building on a prominent corner site that sits adjacent to
petrol filling station. The foodstore comprises 161,498 sq ft one of the primary entrances to St David’s 2 Shopping
(15,004 sq m). Centre in the heart of Cardiff city centre’s retail and
restaurant offer.
Valentine
LINCOLN
Prime Retail Investment Opportunity
Valentine
Investment Summary
• City - Lincoln is an attractive and historic cathedral • Strong trading profile - consistently robust trading
city, and is the administrative centre of the county performance.
LEEK ROAD RETAIL PARK
of Lincolnshire.
• Institutional income stream - secured from strong
a leading retail
• Place making - Valentine is one of the leading retail covenants including Next, TK Maxx, Asda, DFS,
destinations in the city, with a strong furniture, Costa and Hobbycraft, with a low average rent of
convenience and comparison retail offer. £22.11 per sq ft and a WAULT of 8.3 years to expiry
and 6.4 years to break.
• Captive catchment - there is a captive catchment,
with the nearest main shopping competition • Further potential - potential for further value HANLEY, STOKE ON TRENT, ST1 3LS
destination
being over an hour’s drive away. Total catchment enhancement with flexible store layout and scope
population of 582,966 people. for further units to be created.
• Large footfall - annual footfall estimated at • Price - a price is sought of £46,300,000, reflecting
2.4 million. an attractive net initial yield of 5.96%, after allowing
for purchaser’s costs of 6.78%.
• Modern floor space - a resilient and continually
evolving retail offer utilising the scheme’s flexible
layout with a further improvement to the scheme
currently on site.
VALENTINE
// LINCOLN
AVISON YOUNG &
BANKS LONG & CO WESTERN AVENUE, Acton, Ealing, W3 7XX
ON B E H ALF OF B DW T R AD I N G LI M I T E D, T H E T R AD I N G E N T I T Y OF BAR R AT T D E VE LOP M E N TS P LC. TRADE COUNTER INVESTMENT
Brochure
Valentine is a modern, high quality retail LIDL LEEK ROAD RETAIL PARK
shopping park located in Lincoln. Following
completion of a pre-let redevelopment
// ACTON // STOKE-ON-TRENT
and additions to the scheme, Valentine will COADY SUPPLE WHY
comprise 133,177 sq ft of retail accommodation M6
A65
A59 Harrogate A59 Brochure Pdf Brochure
33
A682 Skipton A51 York
Fleetwood Ilkley A614
A61 A64
Otley A65
LEEDS &
A58 Tadcaster
Clitheroe Keighley A650 BRADFORD
A1079
A585 14 Bingley A19 Beverley
13
Nelson Shipley
Blackpool 3
M55 1 32
Padiham 12 LEEDS Garforth Selby
A614 A165
To be developed, purpose built, food store including Leek Road Retail Park is a highly prominent trade
A59
4
Preston M65 8 10 Burnley BRADFORD M621 38 HULL
1 47 A1
31
6
7 Accrington 43
Blackburn
Lytham St Anne's 30 Halifax 26 27
Batley 41 30
Castleford M62
37
Leyland 28
29 9
Dewsbury M62
31 32 36 Goole
Darwen Brighouse 33 34
Location
Rawtenstall 25
Southport
8 24 40 Wakefield A15
M6 Chorley
23
M18
1 M62 Huddersfield 39
A570 A59 22 Hemsworth 6 Thorne Immingham
Bury M66 21
38
M181 Scunthorpe Grimsby
M61
a 70-space surface car park. Lidl Acton is part of a counter investment and consist of a newly reconfigured
Ormskirk 27 Bolton 2 5 1 5
A565 19
20
M1 38
Lincoln is a cathedral city and the commercial and administrative
Formby centre for the county of Lincolnshire.
6
5
4
3
37
M1802 3 M180
4
Cleethorpes
M60
4 17 37 4
M58 3 5
Wigan 3
15 A46
1 25 14
Kirkby 36 36 A16
Lincoln is located approximately 142 miles north The city is7 now
6 home to2423the University
M62 of Lincoln and
MANCHESTER
3
A159 A15
of London and benefits from a captive and distinct
5
Bishop Grosseteste University. The University of Lincoln
1 3
35
A1(M)
LIVERPOOL
4
3
22
11
6 Rotherham
catchment population lying 41 miles northeast has1 over 13,000
4 5
2
students,
7
M62 9and has developed 9 strongly over
M60 34
34
1
A631
of Nottingham, 45 miles east of Sheffield and 40 recent years, having had a £200 million investment in the
2 33
high-quality residential development delivering 333 new terrace of 5 refurbished units which cover an area of
32
5 34
Gainsborough Louth
3 20
SHEFFIELD
6
miles north of Peterborough. campus,
Bebington with a further £130 million spend 7
planned over A6 the
31
11 M56
4 MANCHESTER
A41
next few
M53 years.
10
Retford
M1
‘The University of
5 12 19 A156 A46
Lincoln developed from the Roman town of Ellesmere
8
9
A61
30 A1 A158 A16
A55 Port
Lindum Colonia. By 1150, Lincoln was reputed to The university is estimated to be worth moreA34 than £300
10 14
Flint Buxton Chesterfield
LINCOLN
Lincoln is estimated
16 Macclesfield
be among the wealthiest towns in England. The million to the local M6 local economic
economy, doubling
12
city became a major trading hub, exporting to the growth rates,Chester
and creating more than18 3,000 newA523jobs. A53 29
dwellings and is prominently located at the junction of approximately 23,326 sq ft (2,158.70 sq m).
A515
continent and thereafter drawing from the wealthy
agricultural hinterland, the city became renowned A494
The university’s
A55 award-winning business
17
incubation
centre, Sparkhouse, has supported more than 300 new
A6
Mansfield
A15
to be worth more
than £300 million to
Leek Newark-
for delivering engineering solutions, which were Crewe
and growing businesses to establish themselves in the 28
on-Trent A52
adopted worldwide. regionA483
and created over 450 new jobs.16Lincoln
Nantwich A500 opened the
STOKE-ON-TRENT A38 27
Lincoln’s major landmarks are Lincoln Cathedral,
UK’s first purpose-built engineering school in 25 yearsA52in
collaboration with Siemens plc. Newcastle- 26
A46
A1
A17 Boston the local economy,
doubling local
A5 Under-Lyme
the A40 Western Avenue and Old Oak Common Lane.
a famous example of English Gothic architecture, 15
A50
A52
A52
and the 11th-century Norman period Lincoln The service sector as a whole accounts A53 for 53%
A34of total A16
NOTTINGHAM
Uttoxeter A52
Grantham
economic growth
25
Castle. The aptly named ‘Steep Hill’ forms a employment
A5
in the city; the professional & business DERBY
A5
northern extension of the high street and forms services
Oswestry and finance sectors together account for 8.6% and A50
A17
rates and creating
A607
the historical quarter of the city, leading to the the retailing and leisure sectors 27.0% of total employment.
14
A51 A38
EAST
24
A15 A151
Spalding
cathedral standing at the top of hill, overlooking Stafford A515 MIDLANDS
A17
King's
more than 3,000
A5 A17 Lynn
the rest of the city. The cathedral is one of the Lincoln has a strong advancedNewport
engineering sector.13Siemens 23 A1
A42
most frequently visited in the UK and the city Industrial Turbomachinery have a large facility in the
M6 city M1
A607
A47
new jobs’
A606
generates 4 million visitors per year, producing employing
A458 some 1,300 A5
people. The city is expanding within
Cannock 22 A10
7 6 12 11 Stamford Wisbech
£190 million of spend in the local economy and A458
the high tech industries sector, with
5
firms such as Dynex A16
M54 11
supporting 2,500 jobs. and E2V benefiting from the strong and historic links
2 to M6(T)
M42 LEICESTER A47
A483 the MOD/RAF. Lincoln’s second largest private employer is 21
A47
Peterborough
James Dawson UK; a beltingWOLVERHAMPTON
and hose manufacturer. 10 M69 March
A43
8 7 A6
M6
9 2
A489 1 A10
1 6 5 8 A605
BIRMINGHAM
2
Market Corby
BIRMINGHAM
M6
3
M1
20 Harborough A141
3 6 2 A1
Ely
A483 M5 COVENTRY
1 19 Kettering
M42
5
4 4 A508
A14 Huntingdon
Stourport- 1 2
3
18 A43 A45
on-Severn Bromsgrove M45 St Ives A10
16 17
M42 16 17
CREATIVEWORLD PROPERTY SPOTLIGHT
Leamington Wellingborough Rushden A14
5 Redditch Warwick Spa
15 14 Northampton A45 A6 A14
A6
13 Daventry A428
14
A483 A44 M5 16 St Neots 13
Cambridge
6 A46 M40 A428 12
A44 A442
Worcester Stratford
12 15
11 A11
A4112 7
upon Avon Bedford
A4103 A46 A429
M1 A509 A1 M11
A10 10
A470 A438
Great A44 Newport Biggleswade Haverhill
A438 Malvern Evesham Banbury A36 Pagnell 9
11
Hereford A438 Milton 14 A6 Royston Saffron
8 A422 A505
1 A46 Keynes 13 Walden
10
A44
2 9
Letchworth
9
RETAIL/LEISURE INVESTMENT
green&partners
SANDY LANE RETAIL PARK, WORKSOP, S80 1UJ 020 7659 4848
TRADE PARK
P R I M E R E TA I L PA R K I N V E S T M E N T O P P O R T U N I T Y ENTER KINGSDITCH LANE | CHELTENHAM | GL51 9NQ
DEBENHAMS
C A N T E R B U R Y
6-10A HIGH STREET, 3-9 GUILDHALL STREET, 11-14 GUILDHALL STREET,
15-16 GUILDHALL STREET, 5-6 SUN STREET, SUN YARD AND 1-6 MERCERY LANE, CT1 2JG
RICHMOND 48-49 George Street | TW9 1HJ
REVERSIONARY MULTI-LET TRADE PARK/INDUSTRIAL ESTATE
PRIME, SOUTH-EAST, FREEHOLD, DEPARTMENT STORE INVESTMENT OPPORTUNITY WITH SECURE LONG-DATED INCOME & FIXED UPLIFTS Prime, well secured, freehold, high street retail & residential opportunity
SANDY LANE RETAIL PARK KINGSDITCH TRADE PARK DEBENHAMS 48-49 GEORGE STREET
// WORKSOP // CHELTENHAM // CANTERBURY // RICHMOND
AVISON YOUNG LEWIS ELLIS GREEN & PARTNERS GREEN & PARTNERS
iBrochure Brochure Pdf Brochure Pdf Brochure
Worksop is located in the East Midlands, approximately Kingsditch Trade Park is multi-let trade park of 28 units Debenhams Centerbury is a prominent, part listed 48-49 George Street comprises two attractive buildings
25 miles north of Nottingham and 16 miles east of totalling 137,942 sq ft (12,815.12 sq m) GIA, with flexible department store, held within three separate freehold fronting George Street including well configured ground
Sheffield. There is very limited retail warehousing in unit sizes ranging from 2,373 sq ft to 11,255 sq ft. titles and comprising circa 116,494 sq ft (10,822 sq m) of floor retail units with three, self-contained, residential
Worksop, with Sandy Lane Retail Park being the retail accommodation over four floors. flats above 49 George Street.
dominant scheme in the town.
Premier Inn
St Mary’s Gate | Sheffield
CHESTERFIELD • S41 7JB
TESCO EXTRA
DOMINANT FOODSTORE INVESTMENT
WITH ANNUAL RPI-LINKED UPLIFTS
Whitbread Plc guaranteed lease with
25 years of income benefiting from CPI indexed
linked rent reviews
MATALAN & HALFORDS INVESTMENT
PA R K F I E L D R OA D R E TA I L PA R K Secure Long-Income
Hotel Investment Opportunity
PARKFIELD ROAD, STOCKTON-ON-TEES, TS18 3AY Travelodge | 43 Craigmillar Park | Cameron Toll | Edinburgh | EH16 5PD
PREMIER INN TESCO EXTRA PARKFIELD RD RETAIL PARK TRAVELODGE
// SHEFFIELD // CHESTERFIELD // STOCKTON-ON-TEES // EDINBURGH
ACRE COLLIERS CWM CBRE
Brochure Brochure iBrochure Pdf Brochure
The Premier Inn hotel was constructed in 2008 and Tesco Chesterfield offers the opportunity to purchase Parkfield Road Retail Park is a modern retail warehouse Prominently located at Cameron Toll, approximately
trades as the ‘Sheffield City Centre (St Mary’s Gate)’. a 24-hour foodstore with surface parking and an investment located in the market town of Stockton-On-Tees, 2 miles south of Edinburgh city centre. The hotel was
It totals 68,885 sq ft and provides 126 en-suite on-site petrol filling station. The foodstore comprises County Durham and offer a total gross internal floor area of originally developed by adjoining two 1970’s Victorian
bedrooms together with a branded bar and restaurant 161,498 sq ft (15,004 sq m). 48,599 sq ft (4,515 sq m) with 275 dedicated customer car villas, which has been extended refurbished to create a
and conference / meeting room facilities. parking spaces. 115 bedroom hotel.
18 CREATIVEWORLD PROPERTY SPOTLIGHT 19RETAIL/LEISURE INVESTMENT
PRI M E RESTA U RA NT I NVESTM ENT • B LA CKH EATH, LO N D O N
EAST STREET
44 CHICHESTER
WELL SECURED FREEHOLD INVESTMENT
58-62 TRANQUIL VALE
B LA CKH E ATH , LO N DO N , S E3 0 B N
58-62 TRANQUIL VALE 44 EAST STREET
// BLACKHEATH // CHICHESTER
RYDEN TW KEIL
Pdf Brochure Pdf Brochure
58-62 Tranquil Vale is a prime restaurant investment 44 East Street Chichester is a modern and large
opportunity located in Blackheath, a popular and purpose-built shop of approximately 27,597 sq ft. It is
affluent South London ‘village’ located approximately situated in the Cathedral City of Chichester which is an
six miles to the south east of central London. attractive, historic and thriving retail centre.
LONG LET RPI LINKED INVESTMENT
THE HARE
BISHOPS STORTFORD ROAD, ROXWELL, CHELMSFORD, CM1 4LU
BROADWAY STUDIOS Broadway Studios is a prominent building located on
Hammersmith Broadway, comprising 46,884 sq ft of
// HAMMERSMITH high-quality office, restaurant, leisure and service business
accommodation arranged over basement, ground,
JLL mezzanine and four upper floors.
Brochure & Website
UNITS 1 & 1A • KILLINGWORTH • NEWCASTLE UPON TYNE • NE12 6YT
THE KILLINGWORTH CENTRE
RETAIL INVESTMENT OPPORTUNITY
Hammersmith - King Street
BROADWAY
STUDIOS
BROADWAY
N
STUDIOS
H A M M E R S M I T H
14c
CONNECTIVITY
14
14a ROAD
The property is located on Hammersmith Heathrow is one of the world’s busiest
THE KILLINGWORTH CENTRE THE HARE
WING WING Broadway, directly fronting Hammersmith’s airports, catering for approximately 76
gyratory system. The gyratory is a million people per year and 1,300 flights
key element of West London’s road per day.
infrastructure, providing access to
Hammersmith Road, Shepherds Bush, BUS
Talgarth Road and the A4/M4, which Hammersmith Broadway bus station is
leads to the national motorway network. located approximately 150 metres from
the property and provides access to 20
// KILLINGWORTH // CHELMSFORD
UNDERGROUND bus routes.
Hammersmith is a significant interchange
on the London Underground network PUBLIC TRANSPORT ACCESS LEVEL
and is one of only eight tube stations (PTAL) RATING
served by four or more underground lines, By using data provided by Transport for
providing access to the Hammersmith London the PTAL rating measures the
& City, District, Circle and Piccadilly access of an area to the public transport
lines. Additionally, the Elizabeth Line is network. By combining factors such
accessed via Paddington Station, just 12 as walk times and transport service
PRIME RETAIL ADS
minutes away by tube. frequency allocating a score of between
0 and 6b. As shown by the map below,
AIR the building boasts outstanding transport
Hammersmith is strategically located links; this is demonstrated by its 6b PTAL
approximately 10 miles from Heathrow rating, the highest rating achievable.
Airport and easily accessed via the M4
or Piccadilly underground line.
HAMMERSMITH
Pdf Brochure Pdf Brochure
Paddington King’s Cross
CONNECTIVITY 12 mins
Hammersmith & City Line
24 mins
Circle Line
Central Line
Unit 1 & 1A comprises an existing purpose-built retail The Hare Pub is a 4,169 sq ft public house, located
White City Shepherd’s Bush Liverpool Street
Experian Goad Plan Created: 28/09/2018 11 mins 13 mins 35 mins
Created By: Jones Lang LaSalle Ltd
50 metres
Copyright and confidentiality Experian, 2017. © Crown copyright and For more information on our products and services:
database rights 2017. OS 100019885
Hammersmith is a SITUATION
www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601 6011
warehouse arranged over the ground floor. The unit has been within the affluent catchment of Chelmsford. The INVESTMENT
Rare opportunity to acquire a Prominent building comprising Excellent natural light throughout Highly competitive occupational We are instructed to seek offers
key transport hub
Ealing Broadway Green Park Holburn
prime, freehold Hammersmith 46,884 sq ft of high quality costs compared to other key 14 mins 17 mins 24 mins
Multi-let with a passing rent of in excess of £27,900,000 (Twenty Broadway Studios occupies a highly prominent position on Hammersmith Broadway, Heathrow Airport
Piccadilly Line
mixed-use investment office, restaurant, leisure and London locations
SUMMARY providing quick access
service business accommodation £1,956,182 per annum reflecting Seven Million, Nine Hundred directly opposite Broadway Shopping Centre which has an annual footfall of 30 mins
via Heathrow Express District Line
37.8 million and sits above Hammersmith Underground Station. Broadway Shopping
split to create two well-configured retail units comprising a pub is situated in Roxwell, an attractive Essex village,
Core Hammersmith location arranged over basement, ground, an average of £44.10 per sq ft on Excellent asset management Thousand Pounds), subject to & Piccadilly Line Hammersmith Earl’s Court Victoria Westminster Monument
to Central London and
District Line
the offices opportunities Centre provides an abundance of retail and restaurant amenities as well as access 4 mins 16 mins 18 mins 28 mins
Outstanding transport
mezzanine and four upper floors contract and exclusive of VAT. to the District, Circle, Hammersmith & City and Piccadilly Lines and bus networks. BROADWAY
infrastructure with Hammersmith
Underground Station located
Rolling refurbishment undertaken
by Sapcote Group in recent years
WAULT of 5.3 years to breaks
and 5.8 years to expiries
Opportunity to explore
redevelopment and alternative Pricing at this level reflects a net Heathrow Airport Furthermore, Schroders’ Kings Mall Shopping Centre is located approximately
STUDIOS
directly opposite uses subject to planning initial yield of 6.60% (assuming
recently refurbished Matalan unit of 54,734 sq ft and newly approximately 3.5 miles from Chelmsford city centre.
including reception and M&E 300m away and is currently undergoing significant improvement including internal
Recent Hammersmith lettings are
purchaser’s costs of 6.76%) and a refurbishment and the creation of a new entrance. These works have attracted
Gatwick Airport Wimbledon London City Airport
Hyperoptic Fibre installed to cater approximately 34% higher than the
low capital value of £595 per sq ft. market leading retail and leisure occupiers such as New Look, KIKO Milano, Frame 53 mins 26 mins 47 mins
for modern occupier demands average office passing rent
and Feast Canteen (the sister company to Pergola On The Roof).
configured Home Bargains unit of 25,618 sq ft. 2 3 8 9
20 CREATIVEWORLD PROPERTY SPOTLIGHT 21PORTFOLIO INVESTMENT
THE PERFORMANCE
PORTFOLIO
// RETAIL INVESTMENT
CBRE
Brochure - Print & Pdf
The Performance Portfolio provides investors with
the unrivalled opportunity to acquire a high-quality
investment portfolio. The portfolio offers the unique
opportunity to access instant scale across the UK
Retail Sector which has one of the highest retail
spends per capita globally. The portfolio comprises
36 assets, totalling 1.05m sq ft, across 36 locations
throughout the North, Midlands, South West, South
East, Wales and Scotland.
Having produced a vast amount of high-profile
portfolio marketing brochures previously, CBRE
knew that Creativeworld’s expertise in this area
meant that they could deliver on this large-scale
project.
With a portfolio of this size, we knew that the
marketing material required something special to
match the scale and magnitude of the opportunity.
The team set to work by producing a softback,
98-page, oversized A4, layflat brochure which
featured foil to the front, back and spine of
the brochure as well as being matt laminated
throughout. As a finishing touch, we added gold
edge kolor printing to the text pages. The internals
of the brochure featured bespoke design layouts
complete with artwork and location photography
for all 36 individual properties. The brochure was
then converted into a PDF document to allow
interested parties to easily view the specification of
the portfolio online.
A UNIQUE OPPORTUNITY TO ACQUIRE A GEOGRAPHICALLY SOUTH EAST SOUTH WEST & WALES
DIVERSE, LONG-INCOME RETAIL PORTFOLIO THE PERFORMANCE PORTFOLIO
LOCATION ACCOMMODATION LOCATION ACCOMMODATION
Dunstable is located about 35 miles north of London on the Located in South West Cornwall, Redruth is readily accessible
Tenant Use Sq ft Sq m Area Sq ft Sq m
A5 trunk road and served by junction 11 of the M1. Dunstable just off the A30 dual carriageway, which is the main route
is located 5 miles west of Luton and 19 miles north of Watford. B&M Sales 45,530 4,229.73 through Cornwall, connecting the town directly with the M5 Ground Floor 40,027 3,718.63
Luton airport is approximately 7 miles to the east. Mezzanine 1,362 126.52 Motorway, 95 miles to the North East at Exeter. Total 40,027 3,718.63
The subject property is situated approximately half a mile east B&M Total 46,892 4,356.26 The property is located 0.9 miles from Camborne Railway
of Dunstable town centre, on the north side of the A505 Luton Station on the Cornish Main Line and offers direct services to
Carpetright Sales 14,736 1,368.88
Road.
Total 61,627 5,725.14
Plymouth, Reading, Bristol and London.
TENURE
The fast train from Luton to London St. Pancras takes
26 minutes providing excellent access to the Capital. The property is held Freehold.
TENURE DESCRIPTION The title benefits from the required rights of way over the
access road shared with the Tesco Extra.
The property comprises a purpose built 40,027 sq ft
DESCRIPTION Freehold.
(3,719 sq m) retail warehouse unit and external garden centre.
The property comprises two single storey retail warehouse
units of steel portal frame construction. TENANCY
The unit is of steel portal frame construction with brick and
profile steel clad elevations. The tenant has installed a storage TENANCY
mezzanine together with internal offices and staff areas. The The property is single-let to B&M Retail Limited for a term of 25
B&M have an external garden centre located to the side of their The property has 2 tenants: B&M Retail Limited and Carperight height to eaves is 6 metres. years from 21 November 2003. The passing rent is £434,000 per
unit adjacent to the joint service yard located to the rear of the PLC.
Carpetright unit. The unit benefits from an extensive car park to the front annum reflecting £10.84 psf. The lease is subject to five-yearly
Unit 1 is let to B&M Retail Limited at a passing rent of £507,704 providing 177 spaces (1:226 sq ft). upwards only open market rent reviews (2018 & 2023).
There are approximately 210 customer car parking spaces. per annum expiring 13 December 2027. There is an outstanding
rent review from 2017.
Unit 2 is let to Carpetright PLC at a passing rent of £147,680 per PLANNING
annum expiring 30 May 2023. The Carpetright store has been
Non-food bulky goods consent.
classified as a Category A store within the CVA.
PLANNING
BROCHURE Class A1 (Non-food).
SPECIFICATION The vendor is seeking offers in excess of B&M & INVESTMENT SUMMARY B&M INVESTMENT SUMMARY
EXECUTIVE SUMMARY £135,465,000 (One Hundred and Thirty
CARPETRIGHT STATION ROAD
• 98 page oversized
• Located in Dunstable, an affluent market town in • Redruth and Camborne combine to make Cornwall’s
Five Million, Four Hundred and Sixty Bedfordshire located 35 miles north west of London, largest conurbation with a population of over 55,000.
Carn Brea
• The Performance Portfolio comprises a
high-quality retail investment portfolio.
• The income profile is 99% secured to
national retailer covenants with 76% of
• 21% of the portfolio’s income profile benefits
from RPI Linked or Fixed Uplift rent review
Five Thousand Pounds), subject to
contract and exclusive of VAT.
LUTON ROAD 17 miles south east of Milton Keynes and 39 miles east
of Oxford. White Lion
REDRUTH • The property has excellent access just off the A30 – the
Leisure Centre
brochure
Wickes Dunelm principal route through Cornwall.
income secured against the UK’s fastest mechanisms, providing guaranteed rental
A purchase at this level reflects a net
DUNSTABLE • The property is prominently situated fronting the A505 Eastern Avenue
Retail Park
CORNWALL SUBJECT PROPERTY
Tesco
Extra
• The portfolio offers the unique opportunity growing value retailer – B&M Retail Limited, performance alongside the commencing Luton Road. • Situated immediately next to a strong performing 24hr
BEDFORDSHIRE TR15 3QJ
Industrial Estate
to access instant scale across the UK Retail rated 5A1 by Dun and Bradstreet. low base rental position. initial yield of 6.75%, assuming Tesco Extra supermarket. The economic vibrancy of the
purchaser’s costs at 6.79%. • The property benefits from good visibility, access and area is also supported by the surrounding uses including
Sector which has one of the highest retail
LU5 4JN
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egress from Luton Road which is the principal arterial SUBJECT PROPERTY Cornwall College, the Heartlands Tourist Attraction and
spends per capita globally and sales growth • The portfolio’s tenant line-up also includes • Average Weighted Unexpired Lease route leading from the M1 motorway (J11) to Dunstable Pool Academy.
RPI and Fixed Uplift Rent Reviews could
of 3.5% in the 12 months to July 2018. B&Q, Pets at Home, Matalan, Argos, Harveys, Term to Expiry of 9.17 years and to Earliest town centre.
provide the portfolio with a running yield • The property comprises a purpose-built retail warehouse
Halfords, Iceland and Boots, with 99% overall Terminations of 9.10 years providing an
profile of: • The property comprises two retail warehouse units extending to 40,027 sq ft.
• The portfolio comprises 36 assets, totalling occupancy. attractive long-income profile. comprising 61,627 sq ft plus an external garden centre.
Amazon
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A505 UK Services
1.05m sq ft, across 36 locations throughout 2019 - 6.84% • The property is let to B&M Retail Limited for a term of 25
the North, Midlands, South West, South East, • The portfolio’s net rental income is currently • There is undoubted potential to add • Let to B&M Retail Limited and Carpetright Plc. years from November 2003.
2021 - 6.93%
Wales and Scotland. £9,764,963 per annum equating to an value to the existing portfolio through 2022 - 6.97% • Passing rent of £655,384 per annum, reflecting a low rent Dunelm Renault • Passing rent of £434,000 per annum, reflecting a low rent
Trucks
average low base rent of £9.30 per sq ft either individual asset acquisitions or 2023 - 7.03% of £10.63 per sq ft. of £10.84 per sq ft.
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• All assets benefit from prominent positions offering strong prospects for future rental selective disposals combined with asset *assuming RPI increases at 2.9% per annum, Pets at
• AWULT of 8.30 years to expiry. • AWULT of 10.33 years to expiry. Home
within their retail centres and the retailers growth. management initiatives. Fixed Uplifts and re-letting of vacant unit.
are generally dominant within their • Freehold. • Freehold.
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The quoting price reflects a low capital Halfords
respective local shopping hierarchies.
value of £129 per sq ft.
4 5 20 THE PERFORMANCE PORTFOLIO 21 36 THE PERFORMANCE PORTFOLIO 37
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