NEWCASTLE 8-16 NUN STREET NEWCASTLE-UPON-TYNE NE1 5AQ - FREEHOLD HIGH YIELDING RETAIL INVESTMENT WITH SIGNIFICANT - Allsop
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NEWCASTLE
8-16 NUN STREET
NEWCASTLE-UPON-TYNE
NE1 5AQ
FREEHOLD HIGH YIELDING RETAIL
INVESTMENT WITH SIGNIFICANT
REDEVELOPMENT POTENTIAL
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
INVESTMENT CONSIDERATIONS
• The university city of Newcastle is the
economic and cultural centre for the north
east of England
• Newcastle has a primary catchment area of
some 859,000 people and ranks Newcastle
8th out of the 70 PROMIS retail centres
throughout the UK
• Highly prominent City Centre site within close
proximity to the prime retailing pitch
• Effective island site with dual access on to
Nun Street (fronting Grainger Market) and
Newgate Street
• Attractive period and part Grade II listed
frontage (Nun Street) of high architectural merit
• Immediately opposite Grainger Market, a
226 bed 4-star hotel and close to The Gate
Shopping Centre and prime retail pitch
• Former department store arranged over
basement, ground and four upper floors
totalling 50,268 sq ft
• Secure income let to Wilko Stores Limited for
a further 6.2 years at £525,000 per annum,
equating to £10.68 psf
• Good trading store, ranked within the top
25% of the Wilko portfolio, based on turnover
• Medium-term potential to comprehensively
re-develop the site to provide alternative
uses, subject to vacant possession and planning
• Newcastle City Centre continues to
benefit from strong residential and student
accommodation demand
PROPOSAL
Offers are sought in excess of £6,560,000
(Six Million, Five Hundred and Sixty Thousand
Pounds), subject to contract and exclusive of
VAT. A purchase price at this level reflects a
Net Initial Yield of 7.50%, subject to standard
purchaser’s costs and a low capital rate of
£130 psf.
DATA ROOM
For access to the Allsop Marketing Data Room,
please refer to the following link:
https://datarooms.allsop.co.uk/register/
wilkonewcastle
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
OSBOURNE ROAD
EXHIBITION PARK (Amenities)
& TOWN MOOR
JESMOND
RVI HOSPITAL NEWCASTLE
CITY COUNCIL
HAYMARKET
ST JAMES’ PARK
MONUMENT
MANORS
ST JAMES EAST PILGRIM STREET
NORTHUMBERLAND STREET
CHINA TOWN (Prime retail pitch) DEVELOPMENT
NEWCASTLE UNIVERSITY INTU ELDON
BUSINESS SCHOOL SQUARE MANORS STATION
GRAINGER
MARKET
THE GATE
SHOPPING CENTRE
NATIONAL TRUST
HOSPITAL
HAMPTON
BY HILTON
NEWCASTLE
CENTRAL STATION
Outline for identification purposes only.
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
Great North Brandling
Road
Skateboard Village Jesmond
Park Heaton Park
Medical
CL Great North
School AR
EM
Museum: RD R O AD
O
N
Hancock SAN
DYFO
Jesmond Vale
T
Royal Victoria
RO
PO
AD
RT
Infirmary
LA
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
SANDYFORD ROAD
ND
RO
AD
AD
O
IA R
Northumbria
TO R
GE
V IC
R ID
University
STO DDA
SB
EEN
S P LA
CE
Sport Central
RA
ST MARY’
QU
R
R
City Hall
BA
T STR
Haymarket & Pool
EET
Haymarket
Bus Station
John
Dobson
Newcastle United
L EA
C LA
Street City
STO
ZE
Football Club
R E N C E STR EET
Eldon Garden
SP
Campus
D
CENTR
DA
AR
Shopping Centre
R
East
TS
KR
Laing
T
A L M OT O
OA
Art Gallery
D
Monument N EW BRIDG E STREET Ouse
Newcastle
RWAY A167(M
University St James T
ST Manors
Manors
C RAW HALL
KE
Business intu Eldon MA
R
Battle
EET
School Square
G IB SO N STR
Shopping
Field
Chinatown
)
ROAD
Theatre EET
STR
The Centre Royal XTO
N
ET
BU
Gate
RE
Grainger ET
T
TR E
LS
ES
N City Road
Town UR
EL
Newgate LB O
ME Sandgate
OW
Street
ST
Marine Toffee
Gateshead
O2 Grey Street
Millennium
Wharf Factor
A19
Academy Old Bridge
Newcastle
LOCATION
DE
A
T Law Courts
ST
DS Millennium
Newcastle OO
R
Bridge
EE
GW
LIN
Quayside
T
Arts Centre C OL
Quayside BALTIC
A1 Discovery E
Centre for
ID
A696 Museum Q UA
YS
Contemporary Art
OA D
HO RE R
Newcastle LL TH S
HI SO U
ROAD LINKS
Central Station SA
ND
Gateshead Mill
Coach Quays Road
St. Mary’s
NEWCASTLE A167(M) 0.6 miles
Station Centre
for Life Heritage Northern
Hillgate Haw
UPON TYNE Centre Design Centre
RD
A69
A1 2.7 miles Newcastle Quay Road
D
O
College
O
W
TS
A194(M) 5.1 miles
O
FO
SC
RT
H
BA
N Baltic
A69 4.9 miles
Gateshead
KS
A19
Key:
Business
A1 D
Centre Quarter
WR
SUNDERLAND Main Line Station AS
KE
A694
Metro
H IG
Metro Radio
H ST
RAIL Arena Buses
QuayLink
R
E ET
D
Trinity
G AT
TR
A693
OR
Square
ESH
Durham 12 mins
NS
AN E
EAD
KL
CO
PAR
A690
E
Jackson
Sunderland 21 mins
INC
Street
PR
Gateshead
Edinburgh 1hr 24 mins Interchange
A691 A167
London 2hr 51 mins AD
RO
W
The university city of Newcastle is
KE
PETERLEE AS Newcastle benefits from having well established transport links. By road, junction
A68 65 of the A1(M) is situated some
Civic9 miles to the south of the city and provides
DURHAM A19 the economic and cultural centre access to the UK motorway Centre
network. By rail, the city is on the electrified East
AIR for the north east of England and Coast Mainline railway which connects London to Edinburgh. Virgin Trains run
the main franchise and the fastest journey time from London to Newcastle is
is located some 10 miles inland approximately 3 hours. Trains continue through to Edinburgh with a journey time
BISHOP Newcastle Airport 4.4 miles
of around 1½ hours.
AUCKLAND HARTLEPOOL Durham Tees Valley Airport 33.9 miles from the north east coast,
A1(M) Newcastle is also one of the few UK cities to have an underground railway
Leeds Bradford Airport 77.5 miles approximately 280 miles north system (Metro). Operated by Nexus, the system provides an urban transport
A688
A177 A689 Edinburgh Airport 95.5 miles of London, 105 miles south of network of 2 main lines serving 60 stations throughout the Tyne & Wear area.
Services run north to the airport, south to Sunderland and east as far as Whitley
Edinburgh and 100 miles north Bay. Newcastle International Airport is located around 5 miles north west of the
NEWTON AYCLIFFE
MIDDLESBROUGH of Leeds. city centre and offers flights to London as well as a large number of European
destinations.
ARD A66 A174
TLE
DARLINGTON
Tees Valley
A19
A1
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
DEMOGRAPHICS
PROMIS estimate that Newcastle has a primary catchment area of some
859,000 people. This ranks Newcastle 8th out of the 70 PROMIS retail centres
throughout the UK. The city’s estimated shopping catchment population is
392,000, ranking it 14th.
Newcastle is the north east of England’s principal focus of economic activity. It is a popular location for
businesses given the large local (relatively low cost) labour supply and financial incentives. Sky, Tesco Bank,
Home Group and Sitel Corporation all have major call centres here.
Still within the financial and business services sector, several of the UK’s major accountancy and
professional services firms have large regional offices in Newcastle. These include Eversheds, Bond
Dickinson, PWC, Brewin Dolphin, Sage Group, Enter UK and Accenture. The city also has 2 universities
with a combined student population in excess of 42,000.
NEWCASTLE RETAIL
Major retail anchors are present in the form of two full line department stores (Fenwick and John Lewis)
as well as the UK’s main fashion variety stores (Marks & Spencer, Primark and Debenhams). Newcastle’s
Marks & Spencer is one of the largest outside London and underwent a major refurbishment in 2006.
The city is also home to a large indoor 6 day market and 10 city centre car parks providing in excess
of 7,000 car parking spaces. The city centre is also renowned as a night time and cultural venue,
attracting visitors and tourists from across the UK and beyond.
The city’s prime retailing circuit is centred around the short nature. The network of streets here (Grey Street, Hood Street,
section of Northumberland Street from the junction of Blackett Grainger Street etc) radiating from Grey’s Monument are known
Street extending north to Marks & Spencer and into and locally as ‘Grainger Town’ and include some of Newcastle’s finest
through the large covered shopping centre: the Intu centre buildings built by the prominent Victorian developer Richard
(formerly known as the Eldon Centre). Grainger in the early 19th Century, epitomised by the grand
The Intu shopping centre was one of the UK’s first major Theatre Royal on Grey Street.
covered city centre shopping centres and opened in 1976. It This area is undergoing significant improvement and a mix of
now comprises some 1.4m sq ft and accommodates around high quality family dining and specialist retailing is emerging
150 retail and leisure units. The centre is anchored by a John within close proximity of the Monument.
Lewis department store and a 500 space multi-storey car Continuing south, Grainger Street meets a crossroads with
park. It integrates into two of the city’s other anchor stores: Newgate Street to the west and Bigg Market to the east.
Fenwick and Marks & Spencer that both have frontages onto Bigg Market, extending east, was traditionally the focus of
Northumberland Street and entrances into the Intu centre. Newcastle’s nightlife and comprises many pubs and restaurants
South of its junction with Blackett Street, Northumberland Street situated on Bigg Market and in the small network of streets
becomes Pilgrim Street and becomes more secondary in running off it.
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
SITUATION
The property is located on the south side of
Nun Street and extends back to Newgate
Street onto which it has an additional
frontage and customer entrance.
This is a very busy location with footfall enhanced on the Nun Street
frontage by the presence of the historic Grainger Market. Retailers in the
immediate vicinity include the likes of Perfect Home, Betfred, Park Lane
Cards and Bowers of Newcastle.
An alleyway, ‘Nun’s Lane’ runs the length of the eastern flank of the
building.
The southern frontage of the property lies on Newgate Street. The
former Newgate Shopping Centre, opposite, was comprehensively
re-developed in 2018 and includes a 226 bedroom, four star Maldron
Hotel: the Dalata Group’s first company owned opening in the mainland
UK along with 575 student residences and 20,000 sq m of retail and
leisure accommodation.
Freehold High Yielding Retail Investment with Significant Redevelopment Potential
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
WILKO NEWGATE STREET ENTRANCE
DESCRIPTION TENANCY
The property comprises a former department store building which has The property is let to Wilko Retail Limited (Company number 365335) on
been amalgamated into the adjoining property by way of a façade a 25 year lease from 26th September 1996 expiring 25th September
retention scheme to provide enlarged retail floorplates on what is 2021. The Tenant entered into a reversionary lease in January 2017,
effectively an island site. Originally comprising the ‘Farnons’ Department extending the term to 25th September 2026, providing approximately
Store, the site was redeveloped in c. 1996 to encompass a plot 6.2 years’ term certain. At the same time the reversionary lease was
spanning from Nun Street to Newgate Street and now extends to 50,268 entered into the rent was ‘rebased’ via a deed of variation to its current
sq ft (4,670 sq m) arranged over basement, ground and three upper level of £525,000 per annum.
floors. The Nun Street portions of the property date to c.1835. The revised rent passing reflects £10.68 per sq. ft. overall, discounting the
The rear portion of the building fronting Newgate Street is typically of steel basement areas. The tenant did not receive any rent free for extending
framed construction with upper floors of reinforced concrete slabs. There the lease term, therefore the revised rent should be viewed as the “Net
are further steel mezzanine structures in place. The Nun Street side of Effective” rent.
the building is constructed around a retained façade which has been
mechanically fixed to concrete supporting structures.
ACCOMMODATION
Internally, there is 1 no. passenger lift (1996, 12 persons, 1,000 kg) and
2 no. goods lifts (2 x 2,000 kg). The building is heated / cooled by 3 no. Description GIA Sq m GIA Sq ft
roof-mounted heat recovery modules (R407C) with various further split
cassette AC units to the ancillary areas. Basement 85.67 922
The building is located within the Newcastle Central Conservation Area Ground Floors Sales 1,372.03 14,768
and the Nun Street elevation is subject to a Grade II listing (1106378,
First Floor Sales 1,350.83 14,540
12th Nov 1965).
Second Floor Café/Sales 853.79 9,190
TENURE Second Mezzanine Offices 240.35 2,587
Freehold.
Third Floor Warehouse 580.17 6,244
Fourth Offices/Eaves 187.47 2,017
Total 4,670.31 50,268
WILKO NUN STREET ENTRANCE
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
TRADING TURNOVER
THROUGHOUT YEAR 2020
2020 PERFORMANCE HIGHLIGHTS
The financial year ended 2020 has presented a challenging
2O2O £1.4BN
trading environment for retailers across the UK, yet despite this,
Wilko Retail has made significant progress on continuing to
strengthen commercial and financial controls with a focus on
strategic cost control and cash discipline.
In 2020, the Company’s total sales reduced by £80.2M to £1.4BN,
based on a 52 week comparative period; retail like for like sales
reduced by 6.1%.
Earnings before interest, tax, depreciation and amortisation
(EBITDA) was £41.4M, an increase of £8.5M on the preceding
year, representing an increase of 26%. EBITDA PROFIT
Cash discipline remains a key priority of the Company with nil
banking facilities drawn throughout the preceding financial year. ESSENTIAL UP 26%
£6.3M
Continued cash discipline has provided a free cash flow of
£21.7M, with total losing cash in Feb 2020 of £93.6M. COVID-19
RETAILER
£41.4M BEFORE TAX
COVID-19 CONTINGENCY PLANNING
In February 2020, the Company successfully concluded a review
to confirm the Company will continue to hold sufficient cash
reserves despite the current economic uncertainty introduced
by the . These forecasts assumed reduced trading for a 6 month
period of social distancing followed by a lag period before
trading levels are expected to return to normal levels.
In March 2020 the Company’s total overdraft facility was
increased to £37.5M along with a similar supply chain facility CASH RETAIL
£93.6M 416
increase in Feb 2020 from £5M to £20M.
The director’s also assessed a severe downside scenario, if a
situation occurred whereby government restrictions change and
all Wilko stores are closed for a 6 month period, with a phased RESERVES STORES
recovery thereafter. In light of the company’s net assets of over
£99M at 01/02/2020, and cash reserves of £93.6M, there is
an expectation that the Company will continue in operational
existence for the foreseeable future.
Wilko, as an essential retailer, has kept stores open throughout the
COVID-19 pandemic.
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
Wilko Newcastle provides excellent potential to deliver The site sits opposite the highly successful 2018 developed McAleer & Rushe development providing:
a high quality mixed use scheme subject to vacant • 269 BEDROOM HOTEL • 575 STUDENT UNITS
possession & necessary consents. • 2,000 SQ M COMMERCIAL ACCOMMODATION
Population in excess of
298,883 residents in
Newcastle Upon Tyne. UNIVERSITY OF NEWCASTLE
Newcastle University is the fourth largest employer in the North
East. In terms of education, Newcastle University has received
academic acclaim and is a member of the prestigious
Northumbria University has Russell Group that comprises the leading 24 universities in the
invested £200 million in its UK and is ranked among the 150 best universities in the world.
city centre campus over The university has recently introduced new courses, including
Pharmacy, making it one of the few universities to offer this
the past ten years. degree. Recent investment includes a £30 million extension of
the sports centre which is due to open in 2020 as well as the
£350 million Science Central project (in partnership with the
City Council) homing National Innovation Centres as well as
new lecture halls and student facilities.
A magnet for students’ and NATIONAL STUDENT MARKET
boasts over 43,000 full time In the UK, student accommodation as an asset class continues This is highlighted by the continuing increase in purpose built student
students. Headline rental to perform well and increase in popularity. New investors have accommodation and new entry investors investing into the market.
growth for purpose built student recognised the security of income and good rental growth that student Fundamental to the sector’s resilience is the growth in applicants looking
accommodation (PBSA) accommodation offers. The sector is particularly resilient to ongoing to come to University from the European Union and the rest of the world.
macro-economic issues and remains robust in uncertain markets. (UCAS, 2017/2018)
increased by 2.26% for the
2018/19 academic year. NORTHUMBRIA UNIVERSITY
NEWCASTLE OCCUPATIONAL DEMAND: STUDENT ACCOMMODATION Northumbria University is the biggest university in the northeast
There are approximately 15,000 purpose built student bed spaces in Newcastle upon Tyne split between the university and private ownership, with of England, and it is investing £22 million in its city campus to
3,700 currently under construction. Excluding the development pipeline, there are 3.4 students per PBSA bed space. improve the student experience, with a new ‘Student Central
Newcastle University has Zone.’ The university has been ranked in the top ten British
recently been involved Universities and Colleges Sports league table for 5 years and
in the £250 million Full Time Part Time Total Full Time Applications Per Total PBSA Beds Development Students Per PBSA has recently invested £30 million in its sports centre including
Place Available Pipeline Bed Space a swimming pool, climbing wall and a 3,000 seat indoor
Science Central project area. In 2004, in recognition of the academic achievements
Newcastle University 22,245 1,550 23,795 6.10
alongside the city 15,000 3,700 3.4 of the two Universities, the UK government designated the City
council. Northumbria University 21,145 6,020 27,165 5.10
of Newcastle as one of six UK science cities.
*PBSA – Purpose Build Student Accommodation
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment Potential
8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ 8-16 NUN STREET, NEWCASTLE-UPON-TYNE, NE1 5AQ
Over the previous 24 months the core of Newcastle City Centre has witnessed very limited
alternative use development due to restricted supply.
Ouseburn
Holland Park
Park
NEW RESIDENTIAL DEVELOPMENTS TO INCLUDE: 2 NEWLY CONSTRUCTED STUDENT HOUSING:
Castle
Leazes Royal Victoria
HADRIAN’S TOWER
Infirmary
1 162 predominantly one and two- 1 2
bedroomed apartments, as well as a
café, laundrette, open-plan meeting Newcastle
space and an exclusive 26th floor
Benwell College
sky lounge. To further benefit from
Sports Ground
on-site concierge, cleaning services,
Leazes
maintenance, resident support, Wi-Fi
Park
and high-speed broadband.
City
Powys Place Stadium
STRAWBERRY PLACE WESTGATE
STRAWBERRY PLACE
The site is currently mainly car parking 2 3 4
between the Strawberry pub and The
Gate, will comprise of four blocks:
Blocks A and D would be residential,
(M)
including a 21 storey tower with over
300 residential apartments. Block
A167
B to provide high end offices, of
which 40% has already been pre-let. BA
RR St James’
AC
4 1
KR Park Eldon Garden
Block C to provide a hotel, bars and OA
DA Shopping Centre
189
restaurants. High Street Group who
developed Hadrian’s tower are in
Beechburn Walk
7
6 8
BLANDFORD SQUARE PLUMMER HOUSE, MARKET ST
charge of the development.
AY
5
CENTRAL MOTORW
JESMOND 360 5
3 This development is ongoing to
Avolon Walk
4
provide 85 apartments with doorstep intu
gardens and terraces, as well as
Science
Eldon Square
Shopping Centre 9
communal rooftop gardens with Central
panoramic views, the proposed
12- and 18- storey buildings will also
offer units on the lower floors for St Ann’s
Farrington
commercial and leisure uses. 5 Marshalls
Court
Court
Keelmen’s
Hospital BLANDFORD SQUARE
1 Half Moon
Yard
BRETT WHARF A186 6 7
A new development on the 4
Southbank of the River Tyne, directly
opposite Newcastle’s quayside and a
A189
short walk to Gateshead’s world- 3 A186
2
D
BOULEVAR
famous cultural quarter. The Millennium
development will comprise up to 269 Bridge
apartments. The site will have two
ST JAMES’
buildings, containing apartments,
office, gym, commercial and
communal space. VERDE PITT STREET STUDIOS
Central Station
TY
NEWCASTLE HELIX
NE
Aberdeen 8 9
BR
5 Plans have been submitted to Wharf Arts
IDGE
Newcastle City Council which Centre
A1
involves developing three buildings,
67
each with six to eight storeys to Newcastle
provide 66 new homes. College
Saltmeadows
Cruddas Park
3
Shopping Centre ST JAMES POINT IQ COLLINGWOOD
Queen
Elizabeth II
Bridge
Freehold High Yielding Retail Investment with Significant Redevelopment Potential Freehold High Yielding Retail Investment with Significant Redevelopment PotentialVAT
The property is elected for VAT and it is anticipated the transaction
will be treated as a Transfer of a Going Concern (TOGC).
EPC
The property has an EPC rating of D(78).
ANTI-MONEY-LAUNDERING
A successful bidder will be required to provide information to satisfy the
AML requirements when Head of Terms are agreed.
DATA ROOM
For access to the Allsop data room please use the following link:
https://datarooms.allsop.co.uk/register/wilkonewcastle
PROPOSAL
Offers are sought in excess of £6,560,000 (Six Million, Five Hundred
and Sixty Thousand Pounds), subject to contract and exclusive of VAT.
A purchase price at this level reflects a Net Initial Yield of 7.50%, subject
to standard purchaser’s costs and a low capital rate of £130 psf.
For further information or to make arrangements for viewing please contact:
Tom Dales Lottie Hayward
020 7543 6866 020 7543 6750
07799 663631 07817 549237
tom.dales@allsop.co.uk lottie.hayward@allsop.co.uk
allsop.co.uk
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, undertaking’s 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. The market statistics, rental and investments comparables have been supplied by third parties and their accuracy cannot be guaranteed. Allsop is the trading
name of Allsop LLP. Design CommandD www.commandHQ.co.uk 07.20You can also read
