31-43 REGENT STREET WREXHAM, LL11 1RY

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1 HIGH STREET RETAIL PARADE & CAR PARKING INVESTMENT WITH AN AWULT OF 24.6 YEARS TO EXPIRY AND 22.8 YEARS TO BREAK ON THE RETAIL ACCOMMODATION

2 INVESTMENT CONSIDERATIONS High street retail parade and car park situated in Wrexham town centre Wrexham Central station is situated approximately 100m to the south of the property The parade comprises five retail units with upper floors with an adjoining 311 space car park to the rear of the property Current passing rent of 261,046 p.a. assuming a rent on the car park of 70,166 p.a. AWULT of 24.6 years to expiry and 22.8 years to break on the retail accommodation Approximately 53.6 years remaining to Poundstretcher Limited Part Freehold / Part Long Leasehold Contracted income of approximately 4.7 million The car park is the main car park for the town centre from the west and therefore the retail parade benefits from good footfall Offers sought in excess of 2,450,000 (Two Million, Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 10% assuming purchaser s costs of 6.37%.

3 LOCATION Located approximately 5 miles west of the English border Wrexham is the largest town and administrative centre of North Wales. The town is situated approximately 13 miles (21km) south west of Chester, 32 miles (52 km) south of Liverpool and 54 miles (85 km) south west of Manchester. The town benefits from significant retail and commercial offerings and is home to Wrexham s Glyndŵr University which is situated on the edge of the Town Centre. Wrexham benefits from very good transport links and excellent road communications with both the A483 and A534 in close proximity linking the town to Chester to the north and Nantwich and Crewe to the East. The M6 and M56 are within a short drive and offer direct access to Liverpool and Manchester and the national motorway network. Wrexham has two railway stations which offer direct services to a number of towns and cities across Wales and the North West including routes to Chester (18 minutes) and Shrewsbury (36 minutes). There are regular services to London Euston via Chester with a journey time of just over two and half hours. Liverpool s John Lennon Airport and Manchester International Airport are located 38 miles (61 km) and 45 miles (72 km) to the north east respectively. 55 Hollywell A59 Wigan M61 Oldham A565 M58 M62 M60 A580 A580 M57 St.Helens Bootle LIVERPOOL M62 Birkenhead A41 Runcorn A49 M56 A556 LIVERPOOL M53 M56 A533 A550 A41 Northwich M6 A556 Chester A55 A494HAWARDEN A55 MANCHESTER A M67 M60 Stockport MANCHESTER A6 A523 Macclesfield Bux A54 Middlewich A34 A54 A49 A523 A WREXHAM A534 A51 Crewe Nantwich A500 A520 A5 A483 A525 Newcastle-under-Lyme Stoke-on-Trent Cheadle

4 DEMOGRAPHICS Wrexham has a primary catchment area of 253,000 with an estimated shopping population of 142,000, which is forecasted to see growth over the period The town has a comparison retail expenditure potential of 600 million and this figure has been forecasted to grow by 1.3% per annum in real terms between 2017 and Wrexham s primary catchment population is adults aged over 45 with a high proportion of the population aged 65 and above. Whilst Wrexham has an above average retiree population it also has a strong student population approximately 5 times larger than a comparable PROMIS Town. Wrexham also has an above average percentage of home owners and a high proportion of 2 car households. WREXHAM ARTS HUB TRANSFORMATION OF THE PEOPLE S MARKET In 2016 Wrexham council confirmed that works would begin on the town s Arts and Cultural Hub to provide a venue for Wrexham s growing Arts presence. The Hub will be located on the ground floor and roof of the People s Market building which is situated adjacent to Henblas Square. Wrexham has long benefited from having an established visual arts background and strong music scene but the town is now seeing an emergence of its art sector. As a result the council has decided to create a venue which reflects this with gallery spaces, open air cinema and performance space, artist production spaces, seating areas and a café-bar all alongside artist, artisan and food produce stalls. This will promote town centre living, increase footfall and stimulate Wrexham s evening economy, all helping to attract visitors to the town. Parking levels one to six of the multi-storey car park above the People s Market will remain unaltered.

5 n Freehold n Long leasehold for a term of 150 years from 01/01/1972. NOT IN OCCUPATION Crown Copyright, ES For identification purposes only. SITUATION The property is situated on Regent Street just east of its junction with St Mark s Road, which provides access to the car park situated to the rear of the property. Nearby occupiers include Primark, Superdrug, HSBC, McDonald s, Game, and Brighthouse amongst others. Wrexham Central station is situated approximately 100m south of the subject property. DESCRIPTION The property comprises a parade of six retail units arranged over ground and part first floors (39 Regent Street trades from ground floor only). The units that benefit from a first floor all trade from the ground floor with the first floor used for storage purposes and staff facilities. The area highlighted in pink on the goad identifies the property held long leasehold from the Methodist Church. The upper parts of this highlighted area are occupied by the Methodist Church and are not included in the sale. Servicing is provided to the rear of the properties and provide frontage on to Regent Street. The car park provides 307 spaces and 4 disabled bays. There is a service yard to the rear of the property which is accessed off Hill Street. SITE AREA The property occupies a site area of 1.49 acres (0.6 hectares) TENURE The area highlighted in blue on the goad is held freehold. The area highlighted in pink on the goad is held long leasehold for a term of 150 years from 01/01/1972 (approximately 104 years remaining). The upper parts are owned separately and are not included in the sale. More information available on request.

6 TENANCY SCHEDULE Address Tenant Description Area Sq m Area sq ft Rent Passing p.a. Rent Passing ITZA psf Lease Commence Lease Expiry (Break) Rent Review EPC Rating Comments 31/33 Regent Street British Heart Foundation First Floor ,572 48, overall Ground Floor ,797 Total ,369 First Floor /05/ /05/2026 (09/05/2021) 09/05/2021 D81 The lease contains a service charge cap of ( 5,936* CPI) + 5, Regent Street Deichmann Shoes UK Ltd Ground Floor ,664 ITZA ,082 20, /01/ /01/2026 (18/01/2021) 18/01/2021 D94 The tenant has recently spent in excess of 250k on their fit out Total ,642 First Floor , Regent Street Shoe Zone Ltd Ground Floor ,393 ITZA ,423 Total ,362 30, /07/ /06/2018 D99 Ground Floor 131 1, Regent Street Salvation Army Trading Company Ltd ITZA , /11/ /11/2020 D77 There is a photographic schedule of condition attached to this lease Total 131 1,409 First Floor , Regent Street Poundstretcher Limited Ground Floor ,321 75, overall 26/05/ /05/ /05/2028 D92 Tenant is not in occupation Total , Regent Street One Call Your Call Limited First Floor Ground Floor ITZA Total , /03/ /03/2022 D95 No Access to the unit at the time of inspection. There is a photographic schedule of condition attached to this lease. Areas provided by the vendor. Car Park Britannia Parking Services Limited 70,166* Terminable on 3 months notice. 307 car parking spaces plus 4 disbaled spaces. There is a management agreement for the car park which details that 65% of the gross revenue received each month, by the tenant, after deducting third party merchant services fees shall be paid be paid to the landlord. The landlord is responsible for the payment of business rates, utilities and maintenance. More information available upon request. 3, , ,046 *Rent based on car parking accounts for the period (August July 2017).

7 COVENANT INFORMATION British Heart Foundation British Heart Foundation is the UK s number one heart charity that has been operating for over 50 years funding cutting edge research to fight heart disease. 31 March March March 2017 Turnover Pre-tax Profit 24,600,000 ( 20,500,000) 38,100,000 Total Net Worth ( 7,100,000) 46,200,000 78,700,000 Deichmann Shoes UK Limited Deichmann has been a family owned business since The business started in Essen Germany over 100 years ago and now operates from 24 countries with approximately 3,800 stores and employs around 38,252 people. 31 December December December 2016 Turnover 74,172,000 80,510,000 86,443,000 Pre-tax Profit 424,000 1,368, ,000 Total Net Worth 17,158,000 19,096,000 21,975,000 Shoe Zone Retail Limited Shoe Zone operates from over 500 stores within the UK and Republic of Ireland employing over 3,500 people and selling approximately 20 million pairs a year. 04 October October October 2016 Turnover 172,861, ,819, ,834,000 Pre-tax Profit 11,677,000 12,723,000 10,410,000 Total Net Worth 29,677,000 36,809,000 30,145,000 Salvation Army Trading Company Limited Salvation Army is worldwide Christian church and registered charity. The wider international Salvation Army is at work in 128 countries. In the UK and Republic of Ireland the salvation army has approximately 50,000 members, 4,000 employees and 1,500 Salvation Army officers. 31 March March March 2016 Turnover 46,309,125 44,109,819 44,410,620 Pre-tax Profit 3,958,629 1,099, ,010 Total Net Worth 6,707,888 8,416,659 9,877,847 Poundstretcher Limited Poundstretcher was founded in 1981 and is one of the UK s leading discount retailers. There are over 400 stores nationwide employing over 6,000 people. 31 March March March 2016 Turnover 395,360, ,325, ,538,926 Pre-tax Profit 1,347,000 2,835,000 2,405,347 Total Net Worth ( 3,361,000) 16,829,000 17,836,284

8 VAT The property is VAT registered. It is envisaged that the transaction will be treated as a Transfer Of a Going Concern (TOGC). PROPOSAL Offers sought in excess of 2,450,000 (Two Million, Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 10% assuming purchaser s costs of 6.37%. For further information or to make arrangements for viewing please contact: Andy Pointon andy.pointon@allsop.co.uk Richard Lea richard.lea@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, undertakings 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. Allsop is the trading name of Allsop LLP. Design CommandD