Bolton is a major regional centre within Greater Manchester, 14 miles (22.5 km) north west of Manchester. Bury and Rochdale are to the east, along the M60/M62 motorways, about 7 miles (11 km)
and 18 miles (19 km) respectively.
Rail services connect the town with central Manchester with a journey time of 20 minutes which provides good rail links to London Euston, with a total journey time of approximately 2 hours 47 minutes. Manchester International Airport is located 20 miles (32 km) to the south east.
The town has good road communications, situated between the M61 and M66 motorways providing access to Junctions 14 and 18 respectively of the M60 motorway, within 2.8 miles (4.5 km).
The park comprises five retail warehouse units and a drive-thru unit totalling approximately 84,552 sq ft (7,855 sq m), with an excellent parking provision of 377 car spaces plus 2 for pick-up at Toys R Us, reflecting a
ratio of 1:223 sq ft.
Toys R Us 133 spaces plus 2 for pick-up
Burger King 37 spaces
Other Units 207 spaces
There is additional staff parking.
The site area is approximately 4.96 hectares (12.24 acres), which equates to a low site cover of c.16%. This provides the potential to consider the development of a further leisure pod, subject to planning.
Let to 5 occupiers, with substation lease to Norweb. Current contracted rent of £893,149 pa.
Ninja Nation Ltd have a D&B rating of O3
Jump Xtreme Limited have a D&B rating of 1A2
Jump Xtreme have trampoline parks across the UK in Bolton, Bury and Tamworth. The parks are amongst the largest in the UK and each include over 100 interlinked trampolines.
SUK Retail Ltd have a D&B rating of N4
Office Outlet rebranded from Staples in February 2017. The US-based stationery specialist agreed to sell its UK retail business and operations, which employs 1,100 people, to Hilco Capital in November 2016. Hilco has also moved to streamline its property, by attempting to shed up to 285,000 sq ft from its store portfolio by sub-letting space in 35 larger stores. The Trinity Retail Park Store was unaffected by this strategy.
Toys R Us Limited have a D&B rating of 5A1
Toys R Us is an American toy and juvenile-products retailer founded in 1948 and headquartered in New York. The company owns or licenses 866 Toys R Us and Babies R Us stores in the United States and Puerto Rico, more than 750 international stores and more than 245 licensed stores in 37 countries and jurisdictions.
The US arm filed for bankruptcy in September 2017, however the European business, which includes 110 stores and more than 2,500 staff in the UK, is separate from the US. The retailer, which arrived in the UK in 1985, is still planning to open four more stores in Britain before Christmas.
Burger King Limited have a D&B rating of N1
Burger King is a global chain of hamburger fast food restaurants headquartered in unincorporated Miami-Dade County, Florida, United States. The company began in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain.
There is a 2012 Underlease to Karali Limited who have a D&B rating of 3A1.
The Karali Group is one of the largest franchisees and was the winner of the AB Awards Franchisee of the year in 2014.
The property has been elected for VAT and therefore VAT will be payable on the purchase price.
We are instructed to seek offers in excess of £9,000,000 (Nine Million Pounds Sterling) subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 9.30% after allowing for purchaser's costs of 6.68%.
Option to acquire the Isle of Man based SPV company.