frenchgate & baxtergate, doncaster, dn1 1qq · frenchgate & baxtergate, doncaster, dn1 1qq...

FRENCHGATE & BAXTERGATE, DONCASTER, DN1 1QQPROMINENT RETAIL PARADE INVESTMENT OPPORTUNITY


INVESTMENT CONSIDERATIONS ■ Prominent and imposing retail parade

providing a total area 2,493 sq m (26,800 sq ft)

■ 100% prime pitch pedestrianised location with return frontage on Baxtergate

■ Located opposite the dominant Frenchgate Centre

■ Former BHS now let to Flip Out as a 30,000 sq ft trampoline park and 160 seat café

■ Historic market town with a catchment population of 427,000 people

■ The majority let to the national covenants of Carphone Warehouse, Leeds Building Society, Toni and Guy and Poundland

■ Total current rent £284,300 per annum

■ Freehold

PROPOSAL

We are instructed to seek offers in excess of £2,670,000 (Two Million, Six Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 10% after allowing for purchaser’s costs.


BlackpoolInternationalAirport

WartonAerodrome

LiverpoolJohn LennonAirport

HawardenAirport

ManchesterInternationalAirport

Humberside Airport

Leeds/Bradford

M1

M1

M1

M6

M6

M6

M55

M606M621

M180 M181

M18

M18

M65

A1(M)

A1(M)

A1(M)

A1(M)

M60

M60M62

M62

M67

M66

M58

M58M53

M62

M62

M61

Yorkshire Dales National Park Authority

Peak District National Park

Lincolnshire Wolds

Blackpool

Preston

LIVERPOOL

MANCHESTER

SHEFFIELD

GRIMSBY

Chesterfield

Gainsborough

Worksop

Skegness

SCUNTHORPE

LINCOLN

DONCASTER

Rotherham

BRADFORDLEEDS

Pontefract

YORK

HULL

Bolton

Wigan

Warrington

Chester

Stockport

OldhamBarnsley

Harrogate

Buxton

Glossop

BLACKBURN

Burnley

Keighley

RochdaleHUDDERSFIELD

Halifax

Ilkley

DONCASTER

LOCATIONThe historical market town of Doncaster is located in the county of Yorkshire and has a population of 300,000.

Doncaster is the commercial centre of South Yorkshire and is located approximately 273 km (170 miles) north of London, 56 km (35 miles) south east of Leeds and 35 km (22 miles) north east of Sheffield.

The town benefits from excellent road and rail communications with A1(M) and M18 located 5 km (3.1 miles) to the south of the town centre and the M1 located 24 km (21 miles) south west of the town and is accessible via the M18.

Communications are further enhanced by public transport with Doncaster railway station being served by the east coast mainline with a fastest journey time to London Kings Cross of 1 hour 49 minutes. Regular services also provide access to Leeds and Sheffield. Additionally, the town is served by Doncaster Robin Hood airport 5.6 km (3.5 miles) south east of the town centre and provides flights to many UK and European destinations.

SITUATIONThe property is located on the corner of Frenchgate and Baxtergate, a prominent position on the prime pitch in Doncaster town centre. The property benefits from its proximity to Frenchgate Shopping Centre and a number of other large retailers such as House of Fraser, Marks and Spencer and Argos. There are a number of large car parks within the immediate area serving the predominantly pedestrianised area. In addition to excellent retailing facilities, the property benefits from its close proximity to the train station which is located 0.3 miles to the southeast.

DESCRIPTIONThe property is arranged on basement, ground and two upper floors to provide seven ground floor retail units together with ancillary accommodation above.

TENURE Freehold.


© Crown Copyright, ES 100004106. For identification purposes only.

RETAILING IN DONCASTER Doncaster is a popular retailing location with a catchment population of 427,000 and Frenchgate is the principal retailing pitch in the area. There are a large number of national retailers located in the street which include Marks & Spencer, Boots, Specsavers, Costa Coffee, The Body Shop and Café Nero.

The town boasts an excellent mix of national and local occupiers which serve the local community and catchment area. The Frenchgate Shopping Centre is a popular attraction with a number of large fashion retailers and a large offering of cafes and restaurants. Three days a week, the town enjoys an outdoor market, taking place on Frenchgate and Baxtergate, amongst other streets. Town centre retail floorspace in Doncaster is estimated at 1.63 million sq ft which is above average for towns with similar demographics and total in store comparison retail expenditure (2017) for the area is above the national average for comparable centres at £145 million.

50 metres

For more information on our products and services:www.experian.co.uk/goad | [email protected] | 0845 601 6011

Doncaster

Experian Goad Plan Created: 09/05/2018Created By: Allsop

Copyright and confidentiality Experian, 2017. © Crowncopyright and database rights 2017. OS 100019885

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Unit Tenant Name Accommodation Area sq ft Area sq m Annual Rent Zone A Rent Lease Start Date Lease Expiry Date Next Break Option Next Review Date Comments

12 Frenchgate Toni and Guy North Limited

Ground 867 80.5

£40,000 £62.00 15/06/13 14/06/23 14/06/18 15/06/18 Tenant not in occupation and break option activated

ITZA 590 54.8

First 667 62.0

Second 489 45.4

Total 2,023 187.9

10 Frenchgate Poundland Limited

Ground 3609 335.3

£36,000 £19.00 07/06/17 06/06/18Lease renewal agreed on the same terms as existing lease for 12 months

ITZA 1,257 116.8

First 2,362 219.4

Second 1,391 129.2

Basement 2,917 271.0

Total 10,279 955.0

8 Frenchgate Leeds Building Society

Ground 773 71.8

£31,300 £55.00 16/12/17 15/12/27 16/12/22 16/12/22

ITZA 495 46.0

First 626 58.2

Second 366 34.0

Basement 1,926 178.9

Total 3691 342.9

1 Baxtergate GFJ Designs Limited

Ground 362 33.6

£38,000 £100.00 31/10/08 30/10/18 Tenant not in occupation

ITZA 362 33.6

First 337 31.3

Second 277 25.7

Third 162 15.1

Basement 318 29.5

Total 1,456 135.3

2 Baxtergate Vapour Hub Limited

Ground 274 25.5

£15,000 £46.00 29/07/16 28/07/21 28/07/19

ITZA 272 25.3

First 575 53.4

Second 108.50 10.1

Total 958 89.0

3/4 Baxtergate K A K Associate Limited

Ground 935 86.9

£43,000 £58.00 07/07/17 06/07/27 06/07/22 07/07/22

ITZA 724 67.3

First 185 17.2

Second 579 53.8

Basement 585 54.3

Total 2,284 212.2

6/6A Baxtergate The Carphone Warehouse Limited

Ground 724 67.3

£81,000 £133.00 06/09/07 05/09/22 06/09/17

ITZA 577 55.1

First 712 66.1

Second 663 61.6

Total 2,099 195.0

Totals 26,840 2493.5 £284,300

SCHEDULE OF ACCOMMODATION & TENANCIES

*Area provided by vendor.


COVENANT INFORMATION

Poundland Limited (Company Number: 02495645) D&B Rating: O2

Year Ending 30/03/14 29/03/15 27/03/16

Turnover £997,803,000 £1,111,526,000 £1,214,818,000

Pre-Tax Profit £41,017,000 £45,922,000 £34,653,000

Total Net Worth £96,235,000 £93,866,000 £20,520,000

Leeds Building Society

Year Ending 31/12/15 31/12/16 31/12/17

Turnover £128,000,000 £253,500,000 £196,200,000

Pre-Tax Profit £85,500,000 £116,100,000 £133,000,000

Total Net Worth £790,300,000 £871,400,000 £959,000,000

The Carphone Warehouse Limited (Company Number: 02142673) D&B Rating: 5A1

Year Ending 02/05/15 30/04/16 29/04/17

Turnover £2,056,123,000 £2,104,671,000 £2,125,700,000

Pre-Tax Profit £77,146,000 £86,056,000 £48,400,000

Total Net Worth £1,007,570,000 £1,029,021,000 £1,046,000,000

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 05.18

EPCAvailable upon request.

VATThe property is elected for VAT and it is anticipated the transaction will be treated as a transfer of a going concern (TOGC).

DATAROOMFor access to the Allsop dataroom please use the following link:

https://datarooms.allsop.co.uk/register/doncaster

PROPOSAL

We are instructed to seek offers in excess of £2,670,000 (Two Million, Six Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 10% after allowing for purchaser’s costs.

Jeremy Hodgson020 7543 [email protected]

Jonathan Butcher020 7543 [email protected]

Mark Dansky020 7543 [email protected]

For further information or to make arrangements for viewing please contact:

www.allsop.co.uk

frenchgate & baxtergate, doncaster, dn1 1qq · frenchgate & baxtergate, doncaster, dn1 1qq...

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