BOOKER CASH & CARRY, TWIBELL STREET, BARNSLEY S71 1DN

BOOKER CASH & CARRY, TWIBELL STREET, BARNSLEY S71 1DN

INVESTMENT CONSIDERATIONS Cash & Carry warehouse investment located in close proximity to the M1 in an established industrial estate in Barnsley s Town Centre The property is let on a full repairing and insuring lease to Giant Booker Limited (D&B 5A1) with 11.5 years unexpired (6.5 years to break) Rent reviews subject to a minimum 2.5% pa compound rental growth with the next rent review in February 2020. Tesco completed a 3.7 billion takeover of Booker Group PLC in 2018. Total Current Income of 277,955 per annum ( 3.20 psf) with a minimum rental uplift to 314,481 in 2020 The property comprises a single storey industrial warehouse totalling a GIA of approximately 86,947 sqft (8,078 sqm). Freehold The vendor will consider topping the rent up to the minimal 2020 uplift to result in a more attractive yield for the purchaser Offers sought in excess of 3,600,000 (Three Million Six Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects an attractive Net Initial Yield of 7.25% with a minimum Reversionary Yield of 8.20% in 2020, after allowing for purchaser s costs of 6.51%.

METRODOME LEISURE COMPLEX A61 BARNSLEY BUS & TRAIN STATION BARNSLEY DIGITAL MEDIA CENTRE

LOCATION Located in South Yorkshire within the attractive Dearne Valley, Barnsley is 12 miles (19.3 km) north of Sheffield, 20 miles (32.2 km) south of Leeds and 17 miles (27.4km) west of Doncaster. With a population of c. 81,250 and an above average Primary Catchment Area population of 270,000 (Promis), the town is a major commercial and administrative centre in the region. Barnsley is strategically located with close proximity of a number of national road networks, with the M1, M62, A1 (M) and M18 motorways providing Barnsley with access to Manchester, Leeds, Sheffield and London as well as a number of international airports such as Manchester Airport and Doncaster Robin Hood Airport. The town also benefits from a number of additional transport links including a local rail service that offers links to Wakefield, Leeds, Huddersfield and Sheffield which provide connections to London Kings Cross, Manchester Piccadilly and Manchester Victoria. There are also excellent bus links to neighbouring towns of Leeds, Bradford, Doncaster, Sheffield and Manchester, all of which are accessible within a 60 minute drive. R LANE A635 HUDDERSFIELD ROAD ECOMMON RD A635 OLD MILL LA NE SHAMBLE S STREET SHEFFIELD RD Barnsley Town Centre OLD MILL LANE Barnsley A61 A628 A61 HARBOUR HILL ROAD A61 OLD MIL L LANE Barnsley Football Club BURTO N ROAD River Dearne A HALIFAX BOLTON MANCHESTER BUXTON NEWCASTLE-UNDER-LYME STOKE-ON-TRENT STAFFORD LEEDS BARNSLEY DONCASTER SCU SHEFFIELD GAINSBOROUG CHESTERFIELD LIN NEWARK-ON-TRENT NOTTINGHAM DERBY

SITUATION The property is situated on Twibell Street, approximately 3 miles east of the M1 accessed via the A628 and less than a half a mile from Barnsley town centre and railway station. The property s central positioning and good transport links means the warehouse is very well located to serve not just the needs of local businesses but also businesses in the surrounding area. The property also benefits from being in an established retail park location, in close proximity to other national occupiers, including Screwfix, Wickes, Hayes Fencing, B & M Bargains Store, Halfords and Argos. DESCRIPTION The property comprises a self-contained Cash and Carry industrial warehouse arranged over ground and first floors measuring approximately 86,947 sq ft. The property is of steel portal frame construction with brick elevations surmounted by profile steel cladding beneath a corrugated roof. The property has been fitted out to suit a Cash and Carry operator with a large open plan sales space, staff accommodation and storage/loading areas to ground floor with further staff and office accommodation alongside ancillary storage space to first floor. The external office extension to the south of the property is not currently used by the tenant. The unit benefits from a large customer car park to the east along with the property s service yard to the north, which are both accessed via a main vehicular entrance from Twibell Street leading directly to the car park. There are three electric up-and-over roller shutter doors which all provide access to the service area.

39 PRIVATE CLIENT Booker, Barnsley 2 SITE AREA The site provides an area of approximately 4.28 acres (1.73 Hectares) which represents a site cover of approximately 41%. River Dearne TENURE Freehold. TENANCY The property is let on a full repairing and insuring lease to Giant Booker Limited, t/a Booker Wholesale, for a term of 25 years from 28th February 2005, expiring on 28th February 2030, with a further guarantee to Giant Bidco Limited. The parent company of Booker Group plc is Tesco PLC. The current rent passing is 277,955 per annum ( 3.20 psf) and the lease is subject to a tenant s break clause on the 20th anniversary of the term subject to six months prior written notice. The lease benefits from five yearly upward only rent reviews which are reviewed to the higher of either Open Market Value or 2.5% per annum compounded uplifts. Assuming the tenant does not exercise their break option in 2025 this ensures a minimum rental uplift profile of: 28th February 2020 Higher of 314,481 per annum or OMV 28th February 2025 Higher of 355,806 per annum or OMV The vendor will consider topping the rent up to the minimal 2020 uplift if required to result in a more attractive yield for the purchaser. 1 Warehouse Crown Copyright, ES 100004106. For identification purposes only. The property benefits from a separate piece of land just to the east of 0m the main 10m demise 20m which 30m will be included in the sale. Ordnance Survey Crown Copyright 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:727 COVENANT INFORMATION Founded in 1835, Booker Group is the UK s leading food wholesale with over 13,000 employees serving a total of 1.2 million customers across the UK and India. In January 2017, it was announced that the supermarket retailer Tesco had agreed to purchase the company for 3.7 billion resulting in Britain s biggest retailer combining with the country s largest wholesaler. The sale is expected to result in a further growth of market share by the Booker brand and to add new capabilities to Tesco s current offering. The Booker Group comprises Booker Wholesale, Makro, Booker Direct, Classic Drinks, Ritter Courivaud, Chef Direct, Premier, Family Shopper, Budgens, Londis and Booker India. In the last few years The Booker Group has increased its delivery capabilities. In the last few years The Brooker Group has notably enhanced their delivery division by highlighting this as an area of growth and gaining several significant contracts left vacant by the collapse of the incumbent wholesaler, Palmer & Harvey, in November 2017. The company also founded, and was previously a sponsor of, the Booker Prize (originally the Booker McConnell Prize) for literary fiction, which was established in 1968. Giant Booker Limited has reported the following financial information for the last three years: 27 Mar 2015 25 Mar 2016 24 Mar 2017 Turnover 9,200,000 10,300,000 10,500,000 Pre-Tax Profit 5,600,000 6,700,000 5,700,000 Total Net Worth 233,000,000 227,400,000 228,300,000

PROPOSAL VAT The property is registered for VAT and we would expect the property to be treated as a Transfer of a Going Concern (TOGC). EPC Energy Performance Certificate for the property is available upon request. DATAROOM For access to the Allsop dataroom please use the following link: https://datarooms.allsop.co.uk/register/bookerbarnsley Offers sought in excess of 3,600,000 (Three Million Six Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects an attractive Net Initial Yield of 7.25% with a minimum Reversionary Yield of 8.20% in 2020, after allowing for purchaser s costs of 6.51%. For further information or to make arrangements for viewing please contact: PRIVATE CLIENT TEAM Liam Stray 020 7543 6769 liam.stray@allsop.co.uk Alex Butler 020 7543 6722 alex.butler@allsop.co.uk www.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 www.commandhq.co.uk 10.18