tesco express investment 313 norris road, sale, … road v4.pdf · tesco express investment 313...

Tesco Express Investment 313 Norris Road, Sale, Greater Manchester M33 2UN

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Tesco Express, 313 Norris Road, Sale, Greater Manchester M33 2UN

•Situated in a densely populated residential area on a busy thoroughfare

•Let to Tesco Stores Limited (D&B 5A1)

•New 20 year lease from 25 July 2012 (TBO 10 years)

•5 yearly upward only reviews linked to RPI (collared and cap - 1% - 4%)

Tesco Supermarket Investment

•£44,500 per annum (£9.50 psf)

•Freehold

•Offers in the region of £620,000 (STC)

•Attractive Net Initial Yield of 6.25%


Sale Sale is one of the principle commercial centres in South Manchester with an estimated district population of 55,000 people. The town is located approximately five miles south west of central Manchester and three miles north east of Altrincham.

Sale is a popular commuter town with excellent communications. The A56 offers direct access to junction 7 of the M60 motorway, which in turn links to the M62, M6, M66 and M56 motorways.

The Altrincham Line of the Metrolink connects Sale with Altrincham and Manchester. Manchester Piccadilly has direct train links to London with a fastest time of 2 hours 5 minutes. Manchester International Airport lies 7.2 miles to the south of Sale town centre.

Sale is located approximately five miles south west of central Manchester

TESCO EXPRESS


Situation The property occupies an extremely prominent position fronting Norris Road, between Conway Road and Baguley Lane. The area is a densely populated residential suburb of Sale with 12,727 people per sq mile. The immediate vicinity has a retail parade with local shops, businesses and a Rowlands Pharmacy.

The busy suburban location benefits from a high level of traffic flow past the property, being positioned within close proximity to a number of colleges. Sale Moor Community Centre and Sale Moor Technology College are located within 100 yards and Sale High School, Lime Tree Primary School and St Francis Church are all within 200 yards of the property.

The Braddock(PH)

Baguley Lane28

311321

319

325323

329327

The area is a densely populated residential suburb of Sale with 12,727 people per sq mile.


Description The property will comprise a converted public house to provide a detached convenience store extending to 4,683 sq ft with a surfaced car park for 18 cars.

The shop units are all of regular configuration serviced from via a rear/side servicing yard.

clearglazing

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clearglazing

Proposed Front Elevation from Car Park

Signage

PROPOSED UNIT SERVICEYARDSERVICE YARD

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28.550

Existing fenceto be made good

PAVEMENTPROPOSED UNITPLANTYARD

Proposed Side Elevation from Baguley Road

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ENTRANCE CAR PARK

B1B1B02WX

Existing fenceto be made good

Existing first floor windows to beply meshed ply internally.TBC by SDM

Existing ground floor windowto be bricked up and rendered

Proposed Rear Elevation from Service Yard

sales ac. sales ac. Condenser

top of timber fence & gatestop of timber fence & gates

Proposed Side Elevation from 321 - 319 Norris Road

B1

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CAR PARK ENTRANCEPAVEMENT PROPOSED UNIT

Existing openingto be retainedfor staff room

window.Secure bars

Existing Ground floor windows to be bricked up and rendered

TESCO APPOINTED CONTRACTOR TO CONSTRUCT NEW SECURE WALL WITH STEEL FACEDEXTERNAL INSULATED CLADDING TO RECEIVE 6625 ATM MACHINE AND STEEL EXTERNALSECURITY DOOR(DX04). ATM UNIT AND DOOR TO BE SUPPLIED AND INSTALLED BY TESCOAPPOINTED CONTRACTOR ALL WORKS TO BE IN ACCORDANCE WITH DRAWING1000(SD)316. DOOR TO BE PAINT FINISHED DUSTY GREY TO RAL7037

1210(w)x2110(h)mm OPENING TO BE FORMED BY TESCO APPOINTED CONTRACTOR TOACCOMMODATE STEEL FACED SECURITY DOOR, DOOR TO BE PAINT FINISHED, COLOURDUSTY GREY TO RAL7037 SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR.

PROPOSED 150x150mm VENT AXIA FAN TO PROVIDE EXTRACT FROM STAFF ROOM TO BESUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR

PROPOSED 150x150mm VENT AXIA FAN TO PROVIDE EXTRACT FROM TOILETS TO BESUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR

PROPOSED 150x150mm VENT AXIA FAN TO PROVIDE COMBINED EXTRACT FROM STAFFROOM AND TOILETS TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR

PROPOSED 400x400mm VENT AXIA FAN TO PROVIDE COMBINED EXTRACT FROMBAKE-OFF OVEN AND CHILLER TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTEDCONTRACTOR

TESCO APPOINTED CONTRACTOR TO RETAIN EXISTING OPENING AND TO SUPPLY ANDINSTALL PROPOSED NEW WINDOW SUBJECT TO CONDITION OF EXISTING, FRAMES TO BEPPC ALUMINIUM FINISHED DUSTY GREY TO RAL7037. TESCO APPOINTED ARCHITECT TOOBTAIN RELEVANT PLANNING CONSENT.

SERVICE YARD GATES TO BE 2.4m HIGH CLOSE BOARDED TIMBER. GATES TO BE PROVIDEDAND INSTALLED BY TESCO APPOINTED CONTRACTOR AS PER DETAILED DRAWING1000(SD)512 (STANDARD ACOUSTIC SPECIFICATION IN ACCORDANCE WITH ACOUSTICENGINEERS SPECIFICATION)

SERVICE YARD PERIMETER TO BE 2.4m HIGH CLOSE BOARDED TIMBER FENCE. FENCE TO BEPROVIDED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS PER DETAILEDDRAWING 1000(SD)513 (STANDARD ACOUSTIC SPECIFICATION IN ACCORDANCE WITHACOUSTIC ENGINEERS SPECIFICATION)

SERVICE YARD CONCRETE GOODS ACCESS RAMP WITH ASSOCIATED HANDRAILS TO BECONSTRUCTED BY TESCO APPOINTED CONTRACTOR @ A MAXIMUM GRADE OF 1:15.MINIMUM WIDTH OF 1500mm AND LANDINGS SUITABLE FOR GOODS CAGE MANOEUVRE.ALL TO BE IN ACCORDANCE WITH THE CURRENT BUILDING REGULATIONS AND DDAACCESS REQUIREMENTS

CondenserCONDENSER TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTORLOCATED ONTO EXISTING CONCRETE HARD STANDING. (CONTRACTOR IS TO CARRY OUTANY NECESSARY REMEDIATION WORKS IF THE STANDING AREA IS NOT SUITABLE)CONDENSER TO BE A 1158x3100x1695mm TWIN FAN FLAT BED OPERATING AT 32dB(A) AT10mtr DAYTIME AND 27dB(A) AT 10mtr NIGH TIME.

AC UnitsAC UNITS TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR LOCATEDONTO EXISTING CONCRETE HARD STANDING. (CONTRACTOR IS TO CARRY OUT ANYNECESSARY REMEDIATION WORKS IF THE STANDING AREA IS NOT SUITABLE) 2no. AC UNITSTO SUPPLY SALES AREA AND ARE 970x370x845mm HIGH , BOTH OPERATING AT 40dB(A) AT10Mtr. NO NIGHT RUNNING, AND 1no. AC UNIT TO SUPPLY CASH OFFICE AND IS780x290x540mm HIGH CASH OFFICE AC UNIT. OPERATING AT 32dB(A) AT 10Mtr.

BOUNDARY PERIMETER TO BE 1.8m HIGH CLOSE BOARDED TIMBER FENCE. FENCE TO BEPROVIDED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS PER DETAILEDDRAWING 1000(SD)513 (STANDARD ACOUSTIC SPECIFICATION IN ACCORDANCE WITHACOUSTIC ENGINEERS SPECIFICATION)

STAINLESS STEEL RAM-RAID BOLLARDS TO BE SUPPLIED AND INSTALLED BY TESCOAPPOINTED CONTRACTOR, SET @ CENTRES TO PROVIDE 1200MM CLEAR ACCESS WIDTHFOR DDA REQUIREMENTS AND NOT TO EXCEED 1400MM CENTRES FOR RAM RAIDPROTECTION.

B1

STAINLESS STEEL 'SHEFFIELD' STYLE CYCLE STAND HOOPS SET @ MINIMUM 800mm CENTRESTO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS REQUIRED ASPART OF TESCO ACQUIRED PLANNING CONSENT

850mm x 710mm SATELLITE DISH (SOUTH FACING WITH A CLEAR LINE OF SIGHT) WITHASSOCIATED SUPPORTING FRAME INSTALLED ON REAR WALL WITH ELBOW MOUNTEDFIXTINGS. ALL IN ACCORDANCE WITH MANUFACTURER'S RECOMMENDATIONS ANDSPECIFICATIONS. EXACT LOCATION AND CABLE ROUTE TO BE AGREED WITH LANDLORD/DEVELOPER ON SITE.

SHOP FRONTS, INCLUDING AUTOMATIC BI-PARTING DOORS(DX01), TO BE SUPPLIED ANDINSTALLED BY TESCO APPOINTED CONTRACTOR, INSTALLED INTO OPENINGS. FRAMES TOBE PPC ALUMINIUM FINISHED DUSTY GREY TO RAL7037. GLAZING TO INCORPORATEMANIFESTATIONS AS REQUIRED BY THE BUILDING REGULATIONS. TESCO APPOINTEDARCHITECT TO OBTAIN NECESSARY PLANNING APPROVAL.

TESCO APPOINTED CONTRACTOR TO SUPPLY AND INSTALL INTERNALLY ILLUMINATEDALUMINIUM FASCIA SIGNS. SPECIFIC SIGNAGE SHOWN FOR LEASE PURPOSES ONLY ANDTO BE CONFIRMED AND SUBMITTED FOR PLANNING APPROVAL BY TESCO APPOINTEDARCHITECT

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TESCO APPOINTED CONTRACTOR TO SUPPLY AND INSTALL 800x650mm DOUBLE-SIDED,INTERNALLY ILLUMINATED BUS STOP SIGN AT HIGH LEVEL ABOVE FOOTPATH. SPECIFICSIGNAGE SHOWN FOR LEASE PURPOSES ONLY AND TO BE CONFIRMED AND SUBMITTEDFOR PLANNING APPROVAL BY TESCO APPOINTED ARCHITECT

WHERE IDENTIFIED AS "obscure glazing" GLAZING TO BE TREATED WITH A FROSTED FINISHTO PROVIDE SCREENING FOR VISUAL / SECURITY PURPOSES

Schedule of materials and proposalsTenant's specification of works.

TESCO EXPRESS

THE PIPERNORRIS ROAD, SALE

PROPOSED BUILDINGTENANTS FIT OUTELEVATIONS

1:100@A1 19.07.12 RSC

3733 (L) 203

Checked:

Project No:

Scale: Date:

Drawing No:

Drawn:

Client:

Revision:

Office 7, Gateway 1000Arlington Business Park

Whittle WayStevenage

HertfordshireSG1 2FP

t: 01438 749400f: 01438 749591

e: [email protected]

Copyright Archer Architects. All dimensions to be verified on site.

Project:

Drawing Title:

Revision: ApprovedBy

LEA

SE

AG

RE

EM

EN

T P

RO

PO

SE

D F

IT O

UT

ELE

VA

TIO

NS

14DG

13DG

FREEZER

G10

F2

BAKE-OFF

S03

Ø300mm

EXTRACT

05DG

STAFF ROOM

G03

01WX

07DG

BULK STORE

G07

F3

CHECKOUTSS02

SALES AREAS01

Bag

ule

y Ro

ad

5

7 8

11

18no. customer parkingspaces (inc. 1no.

)delbasid

LCLCLC

LCLCLC

LCLC

LC

LCLC

LC

Ø90mm duct

LC LCLC

LCLC LC

Ø150m

m

EXTR

AC

T

Ø150m

m

EXTR

AC

T

EXISTING EGRESS TO BE

RETAINED

Flo

or t

o U

/S b

ea

m 2

.1m

Hig

h

Strucutural column

layout as per

Waterman Sketch

1:15 RAMP

04DX

28.630

PL 28.800

28.550

28.580

28.440

PL 28.800

28.550

28.560

F3

F3

F3

F2

B1 B1

BB1 B1

B

ELEC.ELEC.

ESES

Ø150m

m

EXTR

AC

T

BT

F1

02DX

1 HOUR FIRE RATED GYPROC GYPWALL -TWOLAYERS OF WALLBOARD EACH SIDE OF 70MMGYPROC STUDS AT 600MM CENTRES BOARDSJOINT TAPED AND FILLED. ADDITIONAL STUDSWHERE REQUIRED TO SUPPORT WALL FITTINGS

GYPROC GYPWALL -ONE LAYER OF WALLBOARDEACH SIDE OF 70MM GYPROC STUDS AT 600MMCENTRES BOARDS JOINT TAPED AND FILLED.ADDITIONAL STUDS WHERE REQUIRED TOSUPPORT WALL FITTINGS. MAXIMUMUNRESTRAINED WALL HEIGHT 3600MM WALLS INEXCESS OF THIS HEIGHT TO RECIEVE ADDITIONALSUPPORT IN ACCORDANCE WITH STRUCTURALENGINEERS DESIGN.

FREEZER/CHILLER INSULATED WALL TO BE FITTEDBY CHILLER SUB CONTRACTOR.

GYPROC GYPWALL -ONE LAYER OF MOISTURERESISTANT WALLBOARD TO WC/CLEANERS. SIDEAND ONE LAYER OF WALLBOARD TO EXTERNALSIDE OF 70MM GYPROC STUDS AT 600MMCENTRES. BOARDS TO BE JOINT TAPED ANDFILLED. ADDITIONAL STUDS WHERE REQUIRED TOSUPPORT SANITARY FITTINGS.

GYPROC GYPWALL -ONE LAYER OF WALLBOARDTO EXTERNAL SIDE OF CASH OFFICE AND ONELAYER OF WALLBOARD OVER 2No LAYERS OF12MM PLYWOOD SANDWICH AROUND WELDMESH TO INTERNAL SIDE OF 70MM GYPROCSTUDS AT 600MM CENTRES. BOARDS TO BE JOINTTAPED AND FILLED

Internal Wall Construction Key

WT1

WT2

WT3

WT4

WT5

Checked:

Project No:

Scale: Date:

Drawing No:

Drawn:

Client:

Revision:

Office 7, Gateway 1000Arlington Business Park

Whittle WayStevenage

HertfordshireSG1 2FP

t: 01438 749400f: 01438 749591

e: [email protected]

Copyright Archer Architects. All dimensions to be verified on site.

Project:

Drawing Title:

Revision: ApprovedBy

For LEASE Agreement

THE PIPERNORRIS ROAD, SALE

BUILDING PLAN PROPOSED TENANTSFIT OUT WORKS PLAN

1:100@A1 10.07.12 RSC

3733 (L)103

NOTE:TENANTS WORKS DRAWING TO BE READINCONJUNCTION WITH LATEST RETAIL PLAN.

Pro

pose

d Te

nant

Fit-

Out

Pla

n


Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition). The property has the following approximate gross internal areas:

TESCO Sq M Sq F

Ground Floor 338.35 3,642

First Floor 94.85 1,021

TOTAL 433.20 4,663

Energy Performance Certificate An Energy Performance Certificate will be provided on completion of the tenants fit out works.

TenureFreehold.


Tenancy The property is let Tesco Stores Limited for a term of 20 years with effect from 25 July 2012. The tenant has an option to determine the lease at the expiry of the 10th year. The initial rent of £44,500 per annum is reviewed upwards only every 5 years in line with the RPI (All Items), collared and capped at 1% and 4%.

Competition Analysis There are only 4 competing convenience stores within a 2 miles radius (10 minute off peak drive time).

Spar 14 Moorcroft Road, Sale (0.5 miles)

The Co-operative Food1 Maple Road, Sale (1 mile)4 Northended Road, Sale (1.5 mile)

Tesco Metro 402-406 Palatine Road, Northenden (1.8 miles)

Tesco Express Investment


Covenant Status Tesco Stores Limited (Company Number: 519500) has a Dun & Bradstreet rating of 5A1. For the year ended February 2011, Tesco Stores Limited reported a turnover of £40.15bn, a pre-tax profit of £2.24bn and a net worth of £6.95bn.

Further information is available at www.tescoplc.com

VATVAT will be payable on the purchase price. It is anticipated that the sale will be dealt with as a transfer of a going concern.

ProposalOur client is seeking offers in excess of £620,000 for their freehold interest. A purchase at this level reflects a 6.25% net initial yield, after deducting purchase costs at 5.8%.

clearglazing

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clearglazing

Signage

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Stores Limited reported a turnover of £40.15bn, a pre-tax profit of £2.24bn and a net worth of £6.95bn.


For further information or to arrange an inspection, please contact:

MISREP: The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained here in is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. Christopher Dee nor any of its employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fulfilling its intended function. Prospective tenants/purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Designed and Produced by Ask 0161 976 1836. October 2012.

Mark Powell Tel: 07825 077724 Email: [email protected]

Alex Haffner Tel: 07742 465 491 Email: [email protected]

Christopher Dee 40 Peter Street

Manchester M2 5GP

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