Multi Packaging Solutions - Redwither Road Wrexham LL13 9RD - MODERN INDUSTRIAL INVESTMENT OPPORTUNITY - Cloudinary
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Multi Packaging
Solutions
Redwither Road Wrexham LL13 9RD
MODERN INDUSTRIAL INVESTMENT OPPORTUNITY
INVESTMENT SUMMARY
• 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.
Multi Packaging • The passing rent is £148,250 per annum, reflecting £3.41 per sq ft.
Solutions • 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
Redwither Road Wrexham LL13 9RD net initial yield of 9.00% assuming standard purchaser’s costs.
Gwersyllt
A534
A5156
Multi Packaging
A483 A5152 Acton Park
Wrexham
Golf Club
Solutions
A534 Redwither Road Wrexham LL13 9RD
In
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Ro Est
ad ate od
Wo
i d ley ad
R R o
Wrexham A534 Wrexham Clays Golf Club
General Rugby Club
LO C AT I O N
Cefn
Bryn Lane
Wrexham Wrexham
Redwither Wrexham is the largest town in North Wales
Road
Maelor Hospital Central Business Park and is located approximately 13 miles
Wrexham south of Chester and 50 miles south west
A525
Industrial Estate
WREXHAM of Manchester. As North Wales’ largest
town, and the fourth largest urban area in
Hightown L Oa Wales, it is a major commercial, retail and
A525 kR educational regional centre.
3 oa
d
Ce
fn The town benefits from frequent and direct
A5152 Ro Pentre
M6 M60 ad rail services to Birmingham, Cardiff and
Manchester Maelor Chester. Trains run regularly to Chester in 18
Liverpool M62
SUBJECT
A628 minutes, and journey times to Manchester
Bed PROPERTY and London are 1 hour 44 minutes and 2
M53 M56 hours 35 minutes respectively. Manchester
Airport, the UK’s third largest airport, is 46
well
ne miles North East of the property.
A525
A41 a
nL
M6
Roa
A483 M1
A534 A525 Kil
Stoke-on-Trent
d
WREXHAM Nottingham
A483
Cross Lanes
A49 M1
A41
A5
M6
B5130
Old Sontley
Shrewsbury M54 M6 Toll
M42
Birmingham
M5 Cock Bank
IN
D
ES
T RD
1
BRYN LAN
E
BRYN LA
NE
AY
YW 8
UR 7
B
EN
AB
6
Multi Packaging 2 5
RTH
Solutions
4 NO
A D
RO A 9
3 AS H
BB
EY
Redwither Road Wrexham LL13 9RD
RO
AY
AD
13
RY W
12
BRYN LANE
10
ABENBU
14
TH
S I T UAT I O N
N OR
11
17
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Wrexham Industrial Estate is one of the 15
AS H
NO
largest industrial estates in Europe, and
RD
extends to approximately 1,350 acres in total.
E
G
ID
BR
The estate benefits from good quality
infrastructure and major occupiers include
AN E
Kellogg’s, Calypso Soft Drinks, JCB and Tetra
NL
Pak Limited, providing approximately 7,000
CO
ED 16
BRY
jobs in around 300 businesses. LY AB
C
W EN
ED RO R TH
O AD
G NO
RD D
N G ER 21 18
O ID
R BR
OAK RO
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AD
D
RE D ROA 20
W I T H ER
19
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UT
CL
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AD
Access onto the site was greatly improved ED
O SUBJECT
RO
G
AD
with the opening of a link road in 2012, RO PROPERTY OA
RO
OG
AD K RO
linking the Estate to the A534 in the North.
GE
EA A
WED
D
ST
ID
The A534 in turn, provides access to the
BR
CLY
A483 Wrexham by-pass, linking the A55 1 JCB Transmissions 8 CrossFit Wrexham 15 Demon Tweeks
North Wales express way to the M53. The
2 Annyalla Chicks UK 9 Kelloggs Wrexham 16 Ardagh Group
A534 also provides access to Junctions 16
3 Solvay 10 Hoya Lens UK 17 TDG Contract Logistics
and 17 of the M6 via the A51 and A500.
4 Playford Packaging 11 DTCC Europe 18 Prysmian
The subject property is located to the south UT
H 5 Wrexham Wire 12 Norish Wrexham 19 Premier Decorations
O
of the estate and is accessed from Redwither 6 Coveris Advanced Coatings 13 Wrexham Enterprise Park 20 TRW Automotive Aftermarket
S D
Road.
OA
7 Wockhardt 14 Rowan Foods 21 Tritech
ER
IDG
BR
Multi Packaging
Solutions
Redwither Road Wrexham LL13 9RD
DESCRIPTION
The 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
Solutions
Redwither Road Wrexham LL13 9RD
TENURE
The site is held Freehold.
TENANCY
The 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
For identification purposes only
November 2022.
A C C O M M O D AT I O N
The 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
Solutions
Redwither Road Wrexham LL13 9RD
TENANT COVENANT
Multi 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 VAT EPC
Pre Tax Profit £33,812,000 £40,830,000 £12,682,000 The property is elected for VAT and The property has an EPC rating of
Shareholder’s Funds £418,138,000 £389,598,000 £345,556,000 it is expected that the transaction D 79.
will be treated as a transfer of going
The company has a credit safe rating of 75/100, representing a very low risk. concern (TOGC).
Multi Packaging PROPOSAL F U R T H E R I N F O R M AT I O N
Solutions Offers are sought in excess of £1,550,000
(One Million, Five Hundred and Fifty
For further information, please contact:
Redwither Road Wrexham LL13 9RD Thousand Pounds) subject to contract and Andrew Hilbourne Donya Beale
exclusive of VAT. A purchase at this level will 0161 238 6284 0161 828 6466
reflect a net initial yield of 9.00% assuming andrew.hilbourne@eu.jll.com donya.beale@eu.jll.com
standard purchaser’s costs.
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.
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