BARNSLEY – BLEACHCROFT WAYLARGE MODERN RETAIL WAREHOUSE DEVELOPMENT – TO LET / FOR ASSIGNMENT

ON THE INSTRUCTIONS OF SAINSBURY’S SUPERMARKETS LTD

LOCATION

Barnsley is an important town in South Yorkshire located just off the M1 motorway, approximately equidistant between Leeds and Sheffield.

It has an above average primary catchment population of 270,000 people ranking the town 99 out of the PROMIS Centres.

The estimated shopping population of Barnsley is 127,000 people, ranking the town 117 of the PROMIS centres.

SITUATION

The subject premises are located on Bleachcroft Way at Stairfoot, which is approximately one mile to the east of Barnsley town centre.

They occupy a prominent location adjacent to the Stairfoot roundabout on the Doncaster Road and are highly visible to shoppers approaching from all directions.

The premises are in an established out of town retail location, having previously been occupied by B&Q, and nearby retailers include:-

• Tesco Extra

• Dunelm

• Carpetright

• Harveys

• Pets at Home

• B&M

• Aldi

• McDonalds

• Frankie and Benny’s.

HIGHLIGHTS

• MODERN RETAIL WAREHOUSE BUILDING

• HIGHLY PROMINENT AND ACCESSIBLE SITE

• ESTABLISHED OUT OF TOWN RETAIL LOCATION

• OCCUPATION AVAILABLE IMMEDIATELY

• GROUND FLOOR GIA OF CIRCA 105,270 SQ FT

• AVAILABLE AS A WHOLE OR IN PARTS

• CIRCA 591 DEDICATED CAR PARKING SPACES

• SCOPE TO INSTALL MEZZANINE FLOORS

BARNSLEY – RETAIL WAREHOUSE DEVELOPMENT TO LET

BARNSLEY – RETAIL WAREHOUSE DEVELOPMENT TO LET

Block on south side of Moor Lane

DESCRIPTION

The premises comprise a modern retail warehouse building occupied until Autumn 2015 by B&Q as shown on the plan overleaf. The current premises have the following approximate gross internal floor areas:-

The premises have a floor to underside of structure dimension of circa 6.676 metres meaning that the installation of mezzanine floors should be possible throughout subject to planning, structure and landlord’s consent. The overall site area is circa 10 acres and it currently has circa 591 car parking spaces.

PLANNING

By virtue of the planning consent secured by Sainsbury’s in October 2014, the premises currently have consent for “use as retail food store with external alterations including reconfiguration of shop front incorporating new store entrance lobby, canopy & glazing; installation of new mezzanine floor to support customer cafe and associated toilets; removal of existing garden centre and builder's yard; and reconfiguration of customer car park.”

As an established out of town retail site, it is anticipated that planning consent could be achieved for a mix of open A1 and other retail uses, together with other non-retail and leisure uses.

DESCRIPTION SQ M SQ FT

Ground Floor 9,780 105,270

First Floor 223 2,398

Builders Yard 1,858 20,000

Garden Centre (gross external

area)2,787 30,000

BARNSLEY – RETAIL WAREHOUSE DEVELOPMENT TO LET

Existing Site Plan – for identification only

EXISTING LEASE DETAILS

Sainsbury’s hold these premises on a lease for a term of 25 years at an initial rent of £1,241,000 per annum exclusive on full repairing and insuring terms. The rent is subject to five yearly upward only rent reviews equivalent to the annual increase in the Retail Prices Index compounded annually, but uplifted five yearly. The increases each year are capped at 3.5% and collared at 1.5%.

ASSIGNMENT

Sainsbury’s are inviting offers for an assignment of their leasehold interest.

SUB-LETTING

Alternatively, Sainsbury’s wish to explore options for the sub-division and sub-letting of the premises in parts. They are seeking rents in the order of £12 to £15 per sq ft depending on the size of unit. This will be on the basis of new leases for a minimum term of 10 years with five yearly upward only rent reviews.

Interested parties should contact the sole letting agents with details of their requirement so that sub-division schemes can be prepared and terms considered.

RATING

The premises are currently assessed as having a Rateable Value of £1,030,000. It is anticipated that the premises will be reassessed following sub-division and sub-letting.

BARNSLEY – RETAIL WAREHOUSE DEVELOPMENT TO LET

BARNSLEY – RETAIL WAREHOUSE DEVELOPMENT TO LET

FOR FURTHER INFORMATIONPlease contact sole agents Colliers International:-

Greg StylesHead of Retail Development0113 200 1818 or 07795 010200greg.styles@colliers.com

Tom GlynnAssociate Director0113 200 1854 or 07795 960556tom.glynn@colliers.com

Disclaimer – Details as at 15th January 2016Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. April 2012

Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Registered office: 9 Marylebone Lane, London W1U 1HL.

SUBJECT TO CONTRACT

BARNSLEY – RETAIL WAREHOUSE DEVELOPMENT TO LET