well let highly reversionary industrial investment …

ROAD ONE, WINSFORD INDUSTRIAL ESTATE, WINSFORD, CW7 3RL

WELL LET HIGHLY REVERSIONARY INDUSTRIAL INVESTMENT

FOR SALEROAD ONE, WINSFORD INDUSTRIAL ESTATE, WINSFORD, CW7 3RL

ACCOMMODATION LEASE & COVENANTS MARKET COMPARABLES GALLERY FURTHER INFORMATIONINVESTMENT SUMMARY LOCATION THE PROPERTY

INVESTMENT SUMMARY• 20 year lease without break until 23rd October 2033

• Extremely low rent passing £152,000 per annum (£2.67 per sq ft)

• Rent review October 2023 (ERV in excess of £4.50 per sq ft)

• Offers sought in excess of £3,000,000 exclusive of VAT. A purchase at this level reflects an attractive netinitial yield of 4.76% (assuming purchasers costs of 6.45%) and a reversionary yield of 8.04%.

• Mitras Automotive are part of the Senata GmbH Group

• Tenant has invested approximately £2,500,000 fitting out the facility

• Low Capital Value of £52.63 per sq ft



LOCATION

The premises are situated at the northern end of Road One on Winsford Industrial Estate.

The Estate is situated one-mile east of Winsford town centre, just off the A54 Middlewich Road, with access to the M6 at Junction 19 (11 miles to the north east) and Junction 18 (5 miles to the south east).

Road One is currently experiencing extensive infrastructure improvements which will open up much needed development land. As part of the works a new petrol filling station and associated convenience offer will be developed. The industrial estate is experiencing record levels of occupancy and growth.

For further information on these major improvements to the Industrial Estate please refer to www.winsfordgateway.co.uk

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SALFORD

Horwich

ROCHDALE

BlackburnPreston

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Blackpool

MANCHESTER

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Huddersfield

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LIVERPOOL

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Rhyl

Rhuddlan

Denbigh

Ruthin

CorwenLlangollen

St. Asaph

Colwyn Bay

Llandudno

River Mersey LiverpoolJohn Lennon

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CHESTER

Prestatyn

Llanfairfechan

Llanrwst

CHORLEY

BuckshawVillage

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SHEFFIELD

BRADFORD LEEDS

Wakefield

Rotherham

Barnsley

NOTTINGHAM

Derby

Loughborough

LEICESTER

Lincoln

York

Lancaster

Harrogate

Scarborough

Yorkshire Dales National Park

North York MoorsNational Park

Telford

Shrewsbury

Grimsby

Scunthorpe

Doncaster

Chesterfield

Mansfiueld

Peak DistrictNational Park

Oakham

Nuneaton

Bridlington

Pocklington

MarketWeighton

Selby

Beverley

Hemswell Cli�

Bawtry

Sleaford

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Snowdonia National Park

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The Property

The Property



THE PROPERTYThe property comprises a detached manufacturing/warehousing facility with prominent frontage onto Road One.

The original building is of steel frame construction under a north light roof. The elevations are clad in brickwork to the lower sections with insulated cladding to the upper sections and roof. The production area has a clear eaves to 5 metres. Access is provided by level access and dock level doors and servicing for HGV’S to the rear, with a secure yard and compound.

The property was extended in 2012/2013 to provide additional warehousing capability at the southern end of the site. The warehouse is of steel portal frame construction being clad with insulated steel sheet cladding to the elevations and roof. Loading is provided to the southern elevation by way of a sectional loading door giving access to a loading bay. The extension has an eaves height of 7 metres. To increase capacity the tenant has constructed a mezzanine floor.

Two storey office/staff accommodating is constructed adjacent to the northern elevation which is accessed directly from Road One. The offices have a large dedicated tarmacadam car park. The offices provide a good mix of welfare facilities for office and operational staff along with open plan and cellular offices. The offices have been recently modernized by the tenant.



ACCOMMODATIONGross Internal Area of 57,000 sq ft (5,295 sq m).

Mezzanine floor 9,000 sq ft (836 sq m) - Tenant fit out.

The site area (shown edged red on the lease plan) extends to 1.1 ha (2.6 acres) approximately.

Navigation Park

Navigation Park

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El Sub Sta

El Sub Sta

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10 to 11

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0m 10m 20m 30m



LEASEThe property is occupied by way of a lease to Mitras Automotive (UK) Limited.

The lease is for a term of 20 years with effect from 23rd October 2013.

The current rent passing £152,000 per annum (low rent of £2.66 per sq ft).

The user permits light and general industrial and warehouse uses within B1/B2 or B8 of the Use Classes Order.

A rent review is due on the tenth anniversary of the term - October 2023 - ERV £4.50 per sq ft plus.

The tenant’s liability to repair is limited by reference to a schedule of condition.

Mitras Automotive (UK) Ltd have a Experian Rating of “Very Low Risk” and Dun & Bradstreet Rating of 2A2.

Sentra GmbH

Senata GmbH is an owner-operated, completely self-financed holding comprised of medium-sized companies. The head office is located in the cathedral town of Freising near the Munich airport. From here, senata is operating worldwide. The sole partner and executive manager is Dr. Werner Folger.

For more than 25 years, the senata group of companies has been growing by expanding and investing in medium-sized companies in the metal and plastics industries and has been strategically developing both the companies and its portfolio. Every effort is always seen in the long term and not made from a short-term profit point of view. Financial stability is the greatest good – ahead of growth and size.

Currently, senata has fourteen subsidiaries involved in the operational business in Germany, Italy, Spain, and the United Kingdom, as well as license partners in China, India, and Mexico. Among other things, the group’s companies offer hot pressing and injection moulding, metal working, and the production of semi-finished products. The subsidiaries of senata operate independently and autonomously, yet in cooperation with their sister companies, making the group very effective.

COVENANTMitras Automotive (UK) Limited

Mitras Automotive (UK) Limited is a supplier of components and modules for the automotive and industrial market. The company is a wholly owned subsidiary of Senata Gmbh which has a group turnover of 300M Euros and employs 1,600 people.

Mitras Automotive’s core business involves the manufacture of automotive components. Their customer base includes Aston Martin, Case New Holland, JCB, Volvo, Bobcat and DAF Trucks.

The Company has two facilities in Winsford, both on Road One. The Company own the freehold interest in their other facility on Road One which is used for the manufacture of automotive components.

The subject unit has been fitted out with a fully automated paint spraying facility used to finish products which are manufactured on the sister site.

Mitras UK Ltd 31st Dec 2018

31st Dec 2019

31st Dec 2020

Turnover £22,115,484 £21,866,763 £14,292,327

Net Profit £1,687,881 £1,942,251 £255,091

Shareholders Funds £1,417,866 £3,435,017 £3,676,438



WINSFORD LEASEHOLD INDUSTRIAL COMPARABLESDate Unit Sq Ft Lease Term Rent Rent PSF

August 2020 Weston Hall, Crewe 27,000 2 year £192,000 £7.10

April 2020 Q110, Crewe 112,920 5 year £705,750 £6.25

Nov 2019 Unit 1 Midpoint, Middlewich 26,950 10 years £161,500 £6.00

August 2019 Unit 42, Midpoint, Middlewich 24,820 10 years £173,000 £6.97

Sept 2019 Unit 1, Apollo Park, Crewe 43,663 12 years £282,500 £6.47

June 2019 Unit 4, Apollo Park, Crewe 36,978 11 year £232,960 £6.31

The rent passing is extremely low and we would assess the ERV to be a minimum of £4.50 per Sq Ft which will be crystalised upon review in October 2023.

The industrial sector is experiencing rental growth and extremely low stock levels. Winsford and the surrounding industrial estates in Crewe, Middlewich, Chester & Knutsford are no exception. Therefore we see the subject properties credentials for rental and capital growth as particularly attractive.



EPCThe property has an energy performance rating of D(95). A copy of the certificate is available upon request.

VATThe property is elected for VAT and it is the intention to treat this transaction as a Transfer of a Going Concern (TOGC).

Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. April 2021. RB&Co 0161 833 0555. www.richardbarber.co.uk

BEN LAMONT 07825 785 040 [email protected]

VIEWING/ FURTHER INFORMATIONStrictly by appointment with the Sole agents:

MATT POCHIN 07831 445 009 [email protected]

PROPOSALOffers in excess of £3,000,000 subject to contract and exclusive of VAT.

A purchase at this level would reflect the following yield profiles:

Net Initial Yield: 4.76%Equivalent Yield: 7.29%Reversionary Yield: 8.03%

TOGCIt is intended that the property will be sold as a TOGC.

well let highly reversionary industrial investment …

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