Geopost hebburn (2)

G e o p o s t L t d • • • U n i t 4 , M o n k t o n B U s i n e s s p a r k

H e B B U r n • • • n e w c a s t L e - U p o n - t y n e • • • n e 3 1 2 J Z

• • • M o d e r n w e L L s e c U r e d i n d U s t r i a L i n v e s t M e n t o p p o r t U n i t y • • •



• • • i n v e s t M e n t s U M M a r y • • •

• Modernindustrialunitconstructedin2003totalling62,761 sq ftincludingcanopies.

• WelllocatedonMonkton Business park,anestablishedindustriallocationjustsouthof

Newcastle-upon-Tyne.

• ThesubjectpropertybenefitsfromdirectaccesstotheA194,whichlinksthepropertytothe

A194(M)andthenationalmotorwaynetwork.

• Wellspecifiedunitincluding:

» Minimum floor to eavesheightof7.4m.

» 24 loading bays,with‘upandover’rollershutterdoorsareaccessedviaself contained,

secure yard area.

» Further2 loading bays with dock levellersforlargearticulatedlorries.

» Gatedsecurityaccess.

» Thefloorhasaloadbearingcapacityof50kn/sq m.

» 3,868 sq ftofancillaryofficespace,arrangedovertwofloors.

• Theentirepropertyisletonfullrepairingandinsuringtermstothestrong covenantof

Geopost Uk Ltd.

• Tenant incomeissecuredbywayofanAuthorisedGuaranteeAgreement(AGA)fromthe

originalunder-lesseetheexcellentcovenant,scottish and newcastle.

• Leaseforatermof20 yearsfrom14 July 2003(approximately121/3 years unexpired).

• Totalcurrentannualincomeof£220,000.

• Totalsiteareaof4.6acres.Low site cover of only 32%.

• Long leasehold; 199 yearsfrom30 september 2003atapeppercornrent.

Weareinstructedtoseekoffersinexcessof£2,600,000forourclient’slongleaseholdinterest.A

purchaseatthislevel,afterdeductionofstandardpurchaser’scostsof5.8%wouldshowaninitial

yieldof8%andacapitalvaluepersqftofapproximately£41.50.



Ordnance Survey © Crown Copyright 2010. All rights reserved. Licence number 100020449. Plotted Scale - 1:10355

© Collins Bartholomew Limited 2010. All rights reserved. Plotted Scale - 1:203060

• • • L o c a t i o n • • •

NewcastleisthecommercialandadministrativecapitaloftheNorthEast.

TheCityitselfhasadistrictpopulationofnearly260,000whiletheamountofpeoplelivingwithin

20kmofthecentreisanestimated1.4million.

The City is located approximately 290miles north of London, 210miles north of Birmingham,

140milesnortheastofManchesterand150milessoutheastofGlasgow.

Newcastlebenefitsfromexcellentcommunications.TheA1linksEdinburghtothenorth,whilethe

A69linksCarlisletothewest.TheA1(M)linkstotheSouthandthenationalmotorwaynetwork.

Byrail,thefastestservicefromNewcastletoLondonKingsCrosstakesapproximately2hours50

minutes.

• • • s i t U a t i o n • • •

TheMonktonBusinessParkisstrategicallylocatedbetweentheA194(M)andtheA19,approximately

2milessoutheastofNewcastleCitycentre.

MonktonBusinessParkissituatedontheeasternsideoftheB1306(MillLane),immediatelynorth

ofthejunctionwiththeA194,onasitecomprisingapproximately40acresintotal.

ThebusinessparkisbisectedintotwositesbytheTyne&WearMetrolinebetweenthestationsof

PelawtothewestandFellgatetotheeast.Industrialoccupiersformthemajorityofthenorthern

half,whileofficeandIToccupiersarelocatedtothesouth.

Thesubjectpropertyislocatedonthenorthernsideandisoneoffourplotswhichareaccessedvia

acentralroundaboutfedbyMillLane.



Ward Bdy

Mon

MILL LANE

SL

SL

Monkton Business ParkWard Bdy

CR

Path

MP 97

Monkton Fell

Monkton South Business Park

Path

Path

Monkton Business Park

El Sub Sta

unit 2

unit 1

unit 3

36.9m

37.8m

37.8m

Path

LUKE'SLANE

Unit 5

Unit 6

0m 50m 100m 150m

Ordnance Survey © Crown Copyright 2010. All rights reserved. Licence number 100020449. Plotted Scale - 1:2856

• • • d e s c r i p t i o n • • •

Thepropertycomprisesasinglestoreydetachedwarehousewithtwostoreyancillaryofficestothe

front.

Thepropertywascompletedin2003andcomprisesasinglespan,steelportalframewarehouse

withaminimumeavesheightof7.4metres(7.9metresfullheight).

Thewarehousefloorhasaloadbearingcapacityof50Kn/sqm.

Theroofisshallowpitchedandcladwithprofilesheetsteel,includingtranslucentpanelswhich

increasethenaturallightinthewarehouse.

Theunitbenefitsfrom24‘upandover’rollershutterdoors,11ofwhicharesituatedatthenorthern

elevationand13atthesouthernend.Thesehaveaclearheightof5metresandawidthof3.9

metres, and benefit frommetal clad canopies. A further two adjustable docking bay doors are

locatedonthenorthernelevation,usedbylargerarticulatedlorries.

Theofficesbenefitfromsuspendedceilings,recessedCat II lighting,airconditioningcassettes,

wall-mountedradiatorsandWCfacilities.



• • • a c c o M M o d a t i o n • • •

Thepropertyhasbeenmeasured inaccordancewith theRICSCodeofMeasuringPractice,and

providesthefollowingapproximategrossinternalareaisasfollows:

accommodation Gross internal Floor areas

Warehouse 29,103sqft

Canopy A 16,418 sq ft

Canopy B 13,372 sq ft

Office(groundfloor) 1,910sqft

Office(firstfloor) 1,958sqft

total 62,761 sq ft

total (excluding canopies) 32,971 sq ft

• • • s i t e • • •

Thepropertyoccupiesabroadlyrectangularsiteofapproximately4.6acres.

Areasofthesitesurroundingthebuildingaretakenupwithcarparking,circulationspace,HGV

trailerparkingandlandscaping.

Thebuildingitselfprovidesa32%sitecover

• • • t e n U r e • • •

ThepropertyisheldlongleaseholdfromOneNortheastforatermof199yearsfrom30September

2003atapeppercornrent.

• • • t e n a n c y • • •

ThepropertyisletinitsentiretytoGeopostUKLimitedonfullyrepairingandinsuringtermsfor20

yearsfrom14July2003.

Therentissubjectto5yearlyrentreviews.Thenextreviewisscheduledfor14July2013.

Thetotalpassingrentis£220,000perannum,whichequatesto£4.85persqftforthewarehouse

andofficesand£2.00persqftforthecanopies.

Theoriginalunder-lesseeisScottishandNewcastleplc,whoassignedtoGeopostUKLimitedon

15June2005.



• • • p r o p o s a L • • •

Weareinstructedtoseekoffersinexcessof£2,600,000forourclient’slongleaseholdinterest.A

purchaseatthislevel,afterdeductionofstandardpurchaser’scostsof5.8%wouldshowaninitial

yieldof8%andacapitalvaluepersqftofapproximately£41.50.

• • • c o n t a c t • • •

For further information or to arrange an inspection, please do not hesitate to contact:

FinemanRoss17GrosvenorHillLondonW1K3QB

Tel:+442074919227Fax:+442074919217

Henry Godsal [email protected]

James Hilary [email protected]

• • • F i n a n c i a L i n F o r M a t i o n • • •

Geopost Uk Limited

Geopost,tradingasDPD,provideexpressparceldeliveriesforshipments,postalandinternational

courierserviceswithintheUKandEurope,includingnextdaydeliverytrackandtracefacilities.

Geopostcatersformorethan230countriesonbehalfofover300,000clients,andiswhollyowned

byLaPoste,thesecondlargestpostaloperationinEurope.

Thelatestreportedaccountsareasfollows:-

GeopostUKLimited(Companynumber:732993)

year of accountsyear ending

03/01/10year ending

28/12/07year ending

28/12/06

net operating income £255,530,000 £244,606,000 £212,170,000

pre tax profit £34,452,000 £34,760,000 £23,936,000

tangible net worth £72,243,000 £89,127,000 £72,245,000

Geopost hebburn (2)

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