New Build, Builders Merchants & Trade-Counter Investment Opportunity - TWIBELL ST BARNSLEY S71 1DL
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New Build, Builders Merchants & Trade-Counter Investment Opportunity Securely let to the UK’s largest independent builders’ merchants on a minimum term of 15 years with RPI guaranteed uplifts TWIBELL ST • BARNSLEY • S71 1DL
New Build, Builders Merchants & Trade-Counter Investment Opportunity TWIBELL ST • BARNSLEY • S71 1DL 02
EXECUTIVE SUMMARY
• New build unit completed February 2021 • The initial rent passing £174,000 per annum ex VAT,
• Prominently located on Twibell Street payable quarterly in advance and subject to a
5 yearly rent reviews based upon RPI increases
• 15,000 sq ft ground floor internal area, plus
capped and collared 1.5% to 3.5% per annum
a 4,305 sq ft mezzanine area on a 1.73 acre site
• The lease is guaranteed by MKM Building Supplies
• Located in an area of high-density trade operators
(Group) Limited
including Screwfix, Wolseley, Magnet and Wickes.
• MKM are an exceptional covenant with an Experian
• ASDA, Booker, B&M, Halfords, McDonalds,
score of 100/100 (Very Low Risk)
The Range are also within 200 metres of the asset
• Offers are sought in excess of £3,270,000 (Three
• Virtual Freehold
Million Two Hundred And Seventy Thousand
• A new FRI lease for 25 years, with break options Pounds) subject to contract and exclusive of VAT. A
in years 15 and 20, from February 2021 to MKM purchase at this level reflects a Net Initial yield of
Building Supplies Limited (03100815) 5.00%, net of purchaser’s costs of 6.48%
New Build, Builders Merchants & Trade-Counter Investment Opportunity TWIBELL ST • BARNSLEY • S71 1DL 03
LOCATION HALIFAX
WAKEFIELD M62
A644
A628
Barnsley has an urban population of over M62 A638
250,000 people and is situated in South Yorkshire M1 M18
HUDDERSFIELD
approximately 16 miles north of Sheffield, 23 miles
south of Leeds, 36 miles east of Manchester and
175 miles north of London. The town is well served
by the motorway network with J37 of the M1
BARNSLEY M180
A629
situated 4 miles away. This provides direct links to
conurbations to the north and south of the country.
DONCASTER
The subject property is located to the north east
of Barnsley town centre on Twibell Street just off A628
the main A61, which runs on to the A628 and M1 STOCKSBRIDGE
respectively. The site provides quick access to the
M1 M18 A1(M)
surrounding Barnsley residential areas.
PEAK DISTRICT
NATIONAL PARK A61 ROTHERHAM
BARNSLEY
SHEFFIELD
Barnsley is a thriving town, recently recording the
greatest rate of private sector jobs growth in the UK, OLD TOWN
BURTON RD
with exciting projects underway to deliver major
A635
new strategic employment sites alongside the M1, HUDDERSFIELD RD
as well as a £100 million retail and leisure scheme
A633
in the town centre. Significant employers include DEARNE
VALLEY PARK
ASOS, XPO Logistics, Leggett and Platt, Aldi (regional OLD MILL LN TWIBELL ST
distribution centre), NHS, KOSTAL and Koyo Bearings.
A61
HARBOROUGH
CHURCH ST HILL RD
A628
PONTEFRACT RD
BARNSLEY HOYLE
MILL
Glass Works Barnsley, opening Sep 2021 A628
PONTEFRACT RD
New Build, Builders Merchants & Trade-Counter Investment Opportunity TWIBELL ST • BARNSLEY • S71 1DL 04
BARNSLEY TOWN
CENTRE BARNSLEY INTERCHANGE
TO M1 J37
BARNSLEY COLLEGE
SPORTS ACADEMY
CALYPSO COVE
WATER PARK
BARNSLEY RETAIL PARK A61
HARBOROUGH HILL RD
OLD MILL LN
TWIBELL ST
A61
WAKEFIELD RD
New Build, Builders Merchants & Trade-Counter Investment Opportunity TWIBELL ST • BARNSLEY • S71 1DL 05
DESCRIPTION
A new build unit with large yard constructed on
a regular shaped site with roadside prominence
and good access from the main road.
The specification includes:
• Steel portal frame construction
• Part brick and profile metal insulated cladding
to all other elevations
• Profile metal insulation to roof with roof lights
• Floor loading to 30 kN per m sq
• Mezzanine floor loading 7.5 kN per m sq
• Trade Counter, offices, welfare and store area
• Clear internal eaves to 6.0 m to underside
of haunch
BOOKER
• Minimum 60 KVA 3 phase electricity supply
• High level LED lighting to warehouse
• Brush finished concrete yard
• 27 dedicated car parking spaces
• Fully fenced (2.4 metres) and secure site
SCREWFIX
AREA
TWIBELL ST
We have been provided with the following net internal
area. The property was measured in accordance with
the RICS Code of Measuring Practice 6th Edition.
Description Sq.ft Sq.m
Warehouse 15,000 1,393
Mezzanine 4,305 399
Total 19,304 1.792
On 1.73 acres On 0.70 hectares
New Build, Builders Merchants & Trade-Counter Investment Opportunity TWIBELL ST • BARNSLEY • S71 1DL 06
COVENANT TENANCY
MKM is the largest Independent Builders’ Merchant in the UK, with over 70 branches nationwide covering more A new FRI lease for 25 years, with break options
than 20 counties in England and multiple branches in Scotland. They were founded in Hull, 25 years ago and in years 15 and 20, from February 2021 to MKM
have a reputation for excellent customer service. Each branch is part owned and managed by Branch Directors Building Supplies Limited (03100815).
who have carefully selected their own team of local, experienced specialists. MKM Building Supplies employs The initial rent passing £174,000 per annum ex
more than 1,650 people and last year recorded sales of more than £460 million VAT, payable quarterly in advance and subject to
MKM Building Supplies Limited – 03100815 Experian Score – 100/100 - Very Low Risk a 5 yearly rent reviews based upon RPI increases
capped and collared 1.5% to 3.5% per annum.
30 September 2019 30 September 2018 30 September 2017
The lease is guaranteed by MKM Building
Turnover £332,428,000 £283,974,000 £332,428,000 Supplies (Group) Limited.
Pre tax Profit £18,659,000 £24,706,000 -£6,242,000
Total Net Worth £35,615,000 £15,232,000 £3,018,000
TENURE
MKM Building Supplies Group Limited (10641736) guarantee the lease.
www.mkmbs.co.uk 999 years at £10 per annum (fixed).
New Build, Builders Merchants & Trade-Counter Investment Opportunity TWIBELL ST • BARNSLEY • S71 1DL 07
WARRANTIES EPC DATA ROOM FURTHER
INFORMATION
A full suite of warranties will be made available EPC is available upon request. A data room has been set up with relevant
to the purchaser. documentation; access is available on request.
For further information or to arrange
a viewing, please contact:
VAT ANTI-MONEY PROPOSAL Steve Carrick
LAUNDERING POLICY sc@carrickre.com
The property is elected for VAT although it is Offers are sought in excess of £3,270,000 (Three 0161 806 0455 • 07711 042 584
anticipated that the sale will be structured as Million Two Hundred And Seventy Thousand
In accordance with Anti-Money Laundering
a Transfer of a Going Concern (TOGC). Pounds) subject to contract and exclusive of
Regulations, two forms of identification and
confirmation of the source of funding will be VAT. A purchase at this level reflects a Net Initial
required from the successful purchaser. yield of 5.00%, net of purchaser’s costs of 6.48%.
carrickre.com
CARRICK REAL ESTATE
1ST FLOOR • CANADA HOUSE
CHEPSTOW STREET
MANCHESTER • M1 5FW
Important notice: These particulars are not an offer
or contract, nor part of one. You should not rely on
statements by Carrick Real Estate in the particulars or
by word of mouth or in writing (“information”) as being
factually accurate about the property, its condition or
its value. Neither Carrick Real Estate has any authority
to make any representations about the property, and
accordingly any information given is entirely without
responsibility on the part of the agents, seller(s) or
lessor(s). Photos etc: The photographs show only certain
parts of the property as they appeared at the time they
were taken. Areas, measurements and distances given
are approximate only. Regulations etc: Any reference to
alterations to, or use of, any part of the property does not
mean that any necessary planning, building regulations
or other consent has been obtained. A buyer or lessee
must find out by inspection or in other ways that these
matters have been properly dealt with and that all
information is correct. VAT: The VAT position relating to
the property may change without notice. Carrick Real
Estate is a limited company registered in England with
registered number 10893418. Our registered office is
Canada House, 3 Chepstow Street, Manchester, M1 5FW
where you may look at a list of members’ names.
November 2020. carve-design.co.uk 14883/6
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