8/6/2019 107016 Llandudno BandQ Inv v3.3

1/7

B&Q , Mostyn Broadway, llandudno, north wales ll30 1PJ

RETAIL WAREHOUSEINVESTMENT OPPORTUNITY

8/6/2019 107016 Llandudno BandQ Inv v3.3

2/7

B&Q | LLandudno 2

Llandudno is located in the county o Clwyd in North Walesapproximately 19 miles east o Bangor and 44 miles west o

Chester.

Prominent and accessible property situated adjacent to MostynBroadway (A456) and positioned between Parc Llandudno Shopping

Park and Mostyn Champneys Retail Park.

Purpose built retail warehouse unit with a gross internal area o38,949 sq t plus garden centre.

A large catchment area with primary population o 244,000 people. Successul trading location with limited DIY competition in

catchment.

Long term development potential. Let to B&Q Plc until 21st July 2020, providing an unexpired term o

9 years.

Long leasehold. Passing rent o 484,875 per annum, refecting a low rent o

12.45 per sq t. Net rent received by long leaseholder is

431,539 per annum.

Offers are sOught inexcess Of5,440,000 (FiveMillion, Four Hundredand Forty tHousandPounds), based Ona netinitial yield oF 7.50%

(assuming purchaserscOsts Of 5.8%).

investMent suMMary

Postcode

LL30 1PJ

l

8/6/2019 107016 Llandudno BandQ Inv v3.3

3/7

B&Q | LLandudno 3

location

catcHMent &deMograPHics

situation

thismapispublisheorheconvenienceoienifcaiononly.Anysieboun

ariesareinicaiveonlyanshoulbecheckeagainstiledees

Llanun i la in h uny clwy in Nrh Wal. th wn i iua

apprximaly 19 mil a Bangr an 44 mil w chr. Llanun

bn rm xlln ra mmuniain bing iua l h A55

linking Nrh Wal h M56 an byn. Rail rvi Llanun ar xlln,

prviing rvi Manhr in 2 hur an Lnn eun in 3 hur.

Llanun ha a larg ggraphi ahmn whih xn vr

Angly an ha an abv avrag ppulain 244,000 ppl. th arai harari by an vr-rprnain wrking aul ag 45-64 wih

wr wrking aul ag 25-44.

th lvl ar wnrhip in Ll anun i abv avrag, wih h prprin

mulipl ar wning huhl in lin wih h nainal avrag. th lvl

wnr upain in Llanun i arun avrag. A a Marh 2011 h

lal laiman un wa in lin wih h nainal avrag.

(sur: PRoMIs)

th prpry i prminnly la n h uh

i Myn Braway (A456) in l prximiy

i junin wih cnwy Ra (A470), h

main arrial ru in h wn. thi piin i

nir an g nr lain, wih h

wn main rail para la a hr ian

h w. th lain prvi ay a

h rin ppulain Nrh Wal an h

uni i wll iua bwn Par Llanun

shpping Park an Myn champny Rail Park.

LIVERPOOL

ST ASAPH

RUTHIN

WREXHAM

CHESTER

BUCKLEY

FLINT

PWLLHELI

BANGOR

HOLYHEAD

PORTHMADOG

BARMOUTH

SHREWSBURYTELFORD

NEWPORT

WELSHPOOL

OSWESTRY

WHITCHURCH

BALA

CORWEN

CAERNARFON

ELLESMERE PORT

PRESTATYN

WALLASEY

BIRKENHEAD

WIDNES

NEWCASTLEUN

LLANDUDNO

MOSTYNBROADWAY

TUDORCRES

GLOD

DAETHS

TREET(

A546)

GREAT

ORMESRD

CLAR

ENCE

CRE

SCEN

T(B

5 1 1 5

)

MAESDUAVENUE

BRYNIAUROAD(A546)

THEPARADE(A546)

THEPARADE (B5115)

CONWYROAD

(A470)

CONWYROAD

(A470)

MOSTYNCHAMPNEYSRETAIL PARK

PARCLLANDUDNOSHOPPINGPARK

8/6/2019 107016 Llandudno BandQ Inv v3.3

4/7

8/6/2019 107016 Llandudno BandQ Inv v3.3

5/7B&Q | LLandudno 5

Planning prmiin wa gran n 31 January

1985 r nruin a dIY rail r wih

xrnal mzzanin n lan a h junin Myn

Braway an tur crn, Llanun.

thr ar n niin n h prmiin rlaing

h nrl r rriin g ha an b l

wihin h r an hrr h nn n

prvn pn A1 u. Hwvr, h nn i ubj

a sin 52 agrmn whih rri h rang

g ha an b l rm h uni garn

pru, garn ra an a rang dIY g.

our lin i king avi n h viabiliy

wining h rriin imp by h sin 52

agrmn. Mr inrmain i availabl n rqu.

Planning

consent

tenantcovenantB&Q Pl ar h laing hm imprvmn an garn nr railr

in eurp an h hir larg in h wrl wih 321 r in h

UK, 9 in Irlan an mr han 60 r pn inrnainally.

B&Q i par Kinghr pl, eurp laing hm

imprvmn rail grup an h hir larg in h wrl.

th nan mpany ha an Icc r 82, ring nn,

lw rik pnial an ha rpr h llwing nanial rul:

CHAR

LOTT

ERO

AD

tenureth Prpry i hl n a lng lahlinr a 14 April 1986 r a rm

126 yar bginning n 22 July 1985. thr

ar apprximaly 100 yar unxpir.

A variain inlu prviin r h

Frhlr riv a rn gar 11% Mark

Rn. Rviw ar v yarly an upwar nly wih

h nx urring n 21 July 2015. thi i in lin wih

h rviw parn h ubla B&Q Pl. th rn

payabl unr h rm i 53,336 pr annum.

30/01/2010 30/01/2009 02/02/2008

s tv 3,792,400,000 3,683,300,000 3,854,900,000

Pf B tx 400,400,000 113,700,000 170,700,000

s F 3,476,400,000 3,240,000,000 1,761,000,000

tenancyth Prpry i l B&Q Pl n a FRI la unil 21

July 2020, hrr 9 yar rmain unxpir. Rn

rviw ar v yarly upwar nly pn mark

rn, wih h nx urring n 21 July 2015.

th rn paing i 484, 875 pr annum,

ring a lw rn 12.45 pr q .

Ning h rm h ha la, h civ

b g i 431,539 p m.

8/6/2019 107016 Llandudno BandQ Inv v3.3

6/7B&Q | LLandudno 6

llandudno

retail WareHousingRail warhu prviin in Llanuni nr arun h B&Q uni. Myn

champny Rail Park i a bulky g

(wih xpin) hm xning

220,000 q . A Hmba 31,000 q

anhr h vlpmn a a rn ring

14.50 pr q an h ajan rmr

Halr uni wa rnly l dFs. ohr

nan inlu: Arg, P A Hm,

sapl, Ali, Ilan, cm, dsG, smyh

ty an Hm Bargain. ovrall paingrn r 14.50- 25.00 pr q .

Par Llanun i a 127,000 q hpping

park anhr by a 60,000 q dbnham

wih hr nan inluing BHs

(32,000 q ), carphn Warhu, ca

cf, Nw Lk, B, Mnn, Nx,

ou, Rivr Ilan, Laura Ahly, Bank an

Hliay suprr. earlir in 2011 a uni wa

l Jd spr a a rn 50.00 pr q .

Al in l prximiy i a nw AsdA

uprr apprximaly 100,000 q .

B&Q an Hmba fr h nly larg

rma dIY ul in h wn.

Leisure centre

th prpry i l r VAt.

vat

8/6/2019 107016 Llandudno BandQ Inv v3.3

7/7B&Q | LLandudno 7

1 thpariulararuaa gnralguilinnlyrhguianinningpurharrlannniuhwhlranypar anfrrnra.

2. Allripin,imnin,rrnniinannaryprmiinhuanupain,anhrailargivningaihwihurpnibiliywhavran anyinning purharrnanhulnrlyn hmaamnrrprnaina,bumuaiyhmlvbyinpinrhrwiah rrnahhm.

3. MnaguevanLLPnrhirmplyhaanyauhriy makrgivanyrprnainr warraniwhavrinrlainh prpry.

4. Unlhrwia,allprianrnarquxluivVAtaninningpurhar rl muaiyhmlv inpnnlya happliablVAtpiin.

5. Allhplananmapprviwihinhpariularar riniain purpnly.

Misrepresettiact 1967 Prperty Misescriptis act

Mnagu evanLLP rhmlvan rh vnrr lr hiprpry wh agnhy ar,giv ni ha:

Llanun | B&Q | July 2011 | R: 107016

Fi Jmd: 020 7866 8613

e: ri.jam@mnagu-van..uk

e Ggd: 020 7312 7489

e: war.grg@mnagu-van..ukclarg Hu 6-12 clarg sr Lnn WIJ 8HB

www.montagu-evans.co.uk

CONTACTFr urhr inrmain pla na:

nick ricd: 020 7312 7420

e: nik.riharn@mnagu-van..uk

Offers are sOught inexcess Of5,440,000 (FiveMillion, Four Hundredand Forty tHousandPounds), based Ona netinitial yield oF 7.50%

(assuming purchaserscOsts Of 5.8%).