A Bilfinger Real Estate company. 1-3 Gatley Road. For Sale Well Secured Multi Let Leisure Investment. Cheadle, SK8 1LY. gva.co.

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1 A Bilfinger Real Estate company 1-3 Gatley Road For Sale Well Secured Multi Let Leisure Investment gva.co.uk/6033

2 SCOTLAND Glasgow Edinburgh NORTHERN IRELAND Belfast Newcastle IRELAND Dublin Liverpool Leeds Manchester Investment Summary WALES Birmingham ENGLAND Highly prominent restaurant investment 63.45% of the income secured to the 5A1 D&B rated Spirit (SGL) Limited Cardiff Bristol London Over 6 years unexpired Affluent Greater Manchester suburb of Cheadle Offers in excess of 1,000,000 (One Million Pounds) reflecting an attractive 8.3% NI yield after purchaser s costs of 5.8% Coterminous lease expiry

3 Location Cheadle is an affluent commuter town situated within the Metropolitan Borough of Stockport and forms part of the larger Greater Manchester conurbation. It is located approximately 5 miles (8 km) south of Manchester and 2.5 miles (4 km) east of Stockport Town centre. Cheadle has excellent road communications being situated adjacent to the A34, one of the main arterial routes leading directly to Manchester City Centre. In addition Cheadle is situated adjacent to junctions 2 and 3 of the M60 motorway and is in close proximity to the M56 motorway. Gatley and Cheadle Hulme railway stations offer a direct train service to Manchester City Centre. The above communications underpin Cheadle as a strong commuter location. Communication Manchester s integrated and reliable transport infrastructure ensures that occupiers are always connected; locally, nationally and internationally. Air - Manchester Airport is the UK s 3rd largest, with over 100 airlines offering direct flights to 225 destinations worldwide and will handle an estimated 42 million passengers by Road - Manchester has over 100 miles of motorway within the conurbation; the M62 provides a link to Liverpool, Leeds and the West and East Coast ports. The M6 provides links to Birmingham and London in the South and Glasgow and Edinburgh to the North. Driving distances to other major conurbations are: Leeds 64 km (40 miles) Birmingham 128 km (80 miles) London 290 km (181 miles) Edinburgh 336 km (210 miles). Rail - Manchester contains two mainline railways stations, Piccadilly and Victoria. 6.3 billion has been spent on the West Coast mainline rail link making the quickest journey time to London Euston at 2 hours 7 minutes. A service to London Euston is every 20 minutes. By Tram - Manchester is currently regenerating its Metrolink. The Government confirmed that a budget of 520 million is available for additional extensions to this service to Oldham and Rochdale, along with the East and South Manchester conurbations. The Metrolink is Manchester s light rail transit system, improving access to the city centre and reducing congestions. The Metrolink makes over 19 million journeys a year. Please click on maps to link to online Bing maps

4 Situation The property is prominently situated at the junction of Gatley Road and High Street which together form the main retail / leisure provision within Cheadle at the junction with Wilmslow Road. Occupiers in Cheadle along the high Street include Pizza Express, Costa Coffee, Boots, Tesco and the Bathstore. Description The property comprises a prominent attractive period corner retail unit over basement, ground and two upper floors. The property is of a brick construction under a pitched tiled roof. Internally, the ground and basement are let as a restaurant and provides open plan accommodation. A large bar area and kitchen is situated towards the rear of the building. Male / female and disabled toilets are provided at ground floor level. The upper floors provide an impressive open plan seating area catering for 100 covers under an attractive period exposed beam roof accessed via an independent ground floor entrance along Wilmslow Road. The upper floors also benefit from their own kitchen and toilet facilities. In addition there is a three bedroom flat over ground and first floor included within the demise. Accommodation The property has been measured in accordance with the RICS Code of Measuring Practice 6th edition on a Gross Internal Area (GIA) and in total provides 8,884 sq ft ( sq m). A breakdown can be found on the tenancy schedule on the Tenancy page. Tenure Freehold.

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8 Tenancy The property is currently fully let to two tenants and produces 87,550 pa with expiries on 08/05/2021 leaving over 6 years unexpired without breaks. Demise Tenant Area Lease Start Rent pa Sq ft Sq m Expiry (Rent Reviews) Comments Basement and Ground Floor Spirit Pub Company (Trent) Limited 5, /05/ ,550* 08/05/2021 (09/05/2018) Spirit (SGL) Ltd guarantee. Sub-let to Istanbul Grill. First Floor Cheung & Chan (Imperial) 3, /01/ ,000 08/05/2021 (01/08/2017) Re-geared lease. Former expiry of 29/01/2013. Totals 8, ,550 * Actual rent is 55,000 pa. The tenant pays an additional 1% ( 550 pa) as a management fee documented within the lease. Therefore total rent is 55,550 pa.

9 Tenant Information Spirit Pub Company (Trent) Limited with a parent guarantee from Spirit (SGL) Limited are a bar & pub company who trade from over 1,200 locations nationwide. For the year ending August 2014 Spirit (SGL) Limited reported a net worth of over 233m and have a 5A1 D&B rating. Further information can be found at spirit/en/home. Spirit Pub Company (Trent) Limited have sub let their entire interest to Cheadle (Cheshire) Limited who trade as Istanbul Grill. Istanbul Grill is a Turkish Restaurant and Takeaway. They currently trade from three locations in Greater Manchester including Prestwitch and Didsbury. We understand that they have spent in excess 250,000 on refurbishment of the restaurant demonstrating their commitment to the location. Further information can be found at Cheung & Chan (Imperial) trade as the Imperial Restaurant and are a family run Chinese restaurant and take away and have been trading at the premises for over 15 years. Further information can be found at

10 VAT We are advised that the property is elected for VAT purposes and can be treated as a Transfer of a Going Concern (TOGC) subject to the rules of TOGC being met by both parties. Proposal We have been instructed to seek offers in excess of 1,000,000 (One Million Pounds), subject to contract and exclusive of VAT. This reflects a net initial yield of 8.30% and a low capital value of only per sq ft, assuming purchaser s costs of 5.8%. EPC Energy Performance Certificates are available upon request or downloaded from our website Further information Please click on an icon below: Gurminder Manak Adam Wildig Property website and downloads Gurminder Manak gurminder.manak@gva.co.uk Adam Wildig adam.wildig@gva.co.uk Norfolk House, 7 Norfolk Street Manchester, M2 1DW Print Save For any other investment sales please visit: gva.co.uk/investment

11 London West End 10 Stratton Street London W1J 8JR London City 80 Cheapside London EC2V 6EE Belfast Rose Building Third Floor 16 Howard Street Belfast BT1 6PA Birmingham 3 Brindleyplace Birmingham B1 2JB Bristol St Catherine s Court Berkeley Place Bristol BS8 1BQ Cardiff One Kingsway Cardiff CF10 3AN Glasgow 206 St Vincent Street Glasgow G2 5SG Leeds City Point First Floor 29 King Street Leeds LS1 2HL Liverpool Mercury Court Tithebarn Street Liverpool L2 2QP Manchester Norfolk House 7 Norfolk Street Manchester M2 1DW Newcastle Central Square Forth Street Newcastle upon Tyne NE1 3PJ Edinburgh Quayside House 127 Fountainbridge Edinburgh EH3 9QG Published by GVA - 10 Stratton Street, London W1J 8JR 2012 Copyright GVA GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide, an independent partnership of property advisers operating globally gvaworldwide.com GVA Grimley Limited Conditions under which Particulars are issued GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that:1.) The particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. 2.) All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. 3.) No person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4.) All rentals and prices are quoted exclusive of VAT. Reproduced by courtesy of the Controller of HMSO. Crown Copyright reserved. Licence No If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only. January gva.co.uk/