Property Portfolio

Property Portfolio

The Fund currently invests in the principal commercial property sectors: retail (retail warehouses), industrial (manufacturing and distribution), alternatives (hotels, student accommodation, serviced apartments, car showrooms, educational, medical, roadside and leisure) and offices (both London and regional).

Bristol - Bath Road
Retail

Bristol - Bath Road, Brislington

Bristol - Bath Road, Brislington

A retail warehouse unit and drive-thru restaurant fronting the Bath Road, located on a prominent corner site. The property is located in close proximity to a major retail warehouse park and two large superstores in the surrounding area. The site contains 132 customer car parking spaces at a ratio of 1:127 sq ft.

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£378,320 per annum

Lease Expiries

2027

Tenants

McDonald's Restaurants Ltd

Pets at Home Ltd

Bury St Edmunds - Matalan
Retail

Bury St Edmunds - Easlea Road

Bury St Edmunds - Easlea Road

An open A1 retail warehouse located in Bury St Edmunds. The property is let off a low rent to Matalan Retail Limited until August 2029. Total gross internal area (GIA) of approximately 30,936 sq ft. There are circa 155 car parking spaces in the main car park, providing a total ratio of approximately 1:200 sq ft.

Date Purchased

June 2017

Tenure

Freehold

Total Current Rent

£305,000 per annum

Lease Expiries

2029

Tenants

Matalan Retail Ltd

Canterbury – Wincheap Retail Park
Retail

Canterbury – Wincheap Retail Park

Canterbury – Wincheap Retail Park

The park is located at the intersection of the A2 and the A28 and forms part of a major concentration of retail warehousing to the south of the city. The units benefit from excellent frontage to this busy route and are extremely prominent and highly visible.

The subject property provides 3,720.5 sq m (40,048 sq ft) of modern, well-specified retail warehousing configured as a terrace of two units of steel portal frame constructed with brick-built elevations. There are a total of 143 car parking spaces which reflects an attractive ratio of 1:26 sq m (1:280 sq ft). Car parking is well laid out at the front of the terrace and servicing is to the rear of the property.

Date Purchased

June 2006

Tenure

Long Leasehold

Total Current Rent

£508,745 per annum

Lease Expiries

2026–2031 (2026)

Tenants

Dunelm (Soft Furnishings) Ltd

Dreams

Gateshead - Metro Park West
Retail

Gateshead - Metro Park West

Gateshead - Metro Park West

A prominent freehold retail property located adjacent to IKEA and the Metrocentre. This is a prime retail destination with the Metrocentre attracting 21 million shoppers each year. The property has a valuable planning consent of open A1 retail including food.

Date Purchased

April 2017

Tenure

Freehold

Total Current Rent

£950,000 per annum

Lease Expiries

2025–2030

Tenants

CDS

Sports Direct

London SE7 – Brocklebank Retail Park
Retail

London SE7 – Brocklebank Retail Park

London SE7 – Brocklebank Retail Park

The property comprises a prime purpose-built retail development anchored by Primark and benefiting from full Open A1 Retail (including food) planning consent. It totals 144,435 sq ft over ground and two upper floors, and will benefit from 454 shared car parking spaces with the adjacent Wickes unit (not within the Fund's ownership).

The area is expected to experience significant population growth in the coming years as a result of substantial new housing developments and the retail park is well positioned to benefit from this.

Date Purchased

December 2015

Tenure

Freehold

Total Current Rent

£2,349,113 per annum

Lease Expiries

2030–2037 (2032)

Tenants

Next

Primark

Aldi

Wren Kitchens

Middlesbrough - Parkway Centre
Retail

Middlesbrough - Parkway Centre

Middlesbrough - Parkway Centre

The unit is a modern retail warehouse unit with a garden centre and adjoins the Parkway Shopping Centre, the largest out-of-town shopping centre in Middlesbrough. It has A1 non-food planning consent with car parking at 1:181 sq ft.

Date Purchased

September 2004

Tenure

Long leasehold

Total Current Rent

£239,180 per annum

Lease Expiries

2025

Tenants

B&M

Redditch - Trafford Retail Park
Retail

Redditch - Trafford Retail Park

Redditch - Trafford Retail Park

Redditch is a affluent town in Worcestershire, strategically located approximately 17 miles south of central Birmingham with a large shopping catchment. The town is relatively undersupplied in terms of retail warehousing and food stores, driving tenant demand.

Date Purchased

January 2013

Tenure

Freehold

Total Current Rent

£1,076,278 per annum

Lease Expiries

2026–2041 (2028–2036)

Tenants

Pets at Home

T J Morris Ltd (t/a Home Bargains)

Iceland

Aldi

Burger King

OneBeyond

Sue Ryder

Costa

Twickenham - Apex Retail Park
Retail

Twickenham - Apex Retail Park

Twickenham - Apex Retail Park

The property occupies a prominent position immediately to the north-west of Apex Corner roundabout which sits below an elevated section of the A316 Great Chertsey Road, the principal access into central London from the M3. On the opposite side of the roundabout lie a Homebase and a McDonald's, helping to provide critical mass. A Sainsbury's superstore also lies just off the roundabout.

The property comprises two purpose-built retail warehouse units in a single terrace constructed in 1994. Car parking is provided to the front of the units with a total of 152 car parking spaces providing a ratio of 1:265 per sq ft.

Date Purchased

February 2010

Tenure

Freehold

Total Current Rent

£951,500 per annum

Lease Expiries

2024–2032

Tenants

Wickes Building Supplies Ltd (Surety: Wickes Holdings Ltd)

DSG Retail (t/a Currys)

Uttoxeter - Dovefields Retail Park
Retail

Uttoxeter - Dovefields Retail Park

Uttoxeter - Dovefields Retail Park

Uttoxeter is a market town located in the county of Staffordshire in the west midlands region. The town is served by the A50, which links Derby to Stoke-on-Trent; and the A518, which links Uttoxeter to the M6 via Stafford. The property fronts onto the A518 (Uttoxeter Bypass), which links to the A50, less than one mile to the north. The property comprises a seven-unit terrace (open A1 consent), 3 detached units fronting the Uttoxeter Bypass (A3 consent) and customer car parking. The scheme was completed in 2002 and is the only retail park within Uttoxeter.

Date Purchased

August 2011

Tenure

Freehold

Total Current Rent

£892,609 per annum

Lease Expiries

2026–2034 (2028–2029)

Tenants

B&Q

Shoe Zone Retail Ltd

Poundland

Pets at Home

Argos

B&M

KFC

Majestic Wine

Costa

Greggs

Private individuals

Wolverhampton - Phoenix Retail Park
Retail

Wolverhampton - Phoenix Retail Park

Wolverhampton - Phoenix Retail Park

A prominent freehold retail park located off Stafford Street, one of the main arterial roads into Wolverhampton from the M54. The subject property is situated adjacent to a c. 40,000 sq ft owner-occupied Home Bargains as well as other demand drivers such as the Molineux Stadium, the University of Wolverhampton, and significant residential provision. Having been substantially redeveloped, Unit 1 is let to JD Sports Gyms Limited for a term of 15 years with a tenant break option in year 10, whilst Units 2 and 3 are let to Iceland Foods Limited trading as the Food Warehouse for a term of 10 years. The property benefits from a mix of fixed and open market rent reviews every five years.

Date Purchased

January 2018

Tenure

Freehold

Total Current Rent

£475,000 per annum

Lease Expiries

2032–2034 (2027)

Tenants

JD Sports Gyms Limited

Iceland Foods Limited

Altrincham - Lookers House
Office

Altrincham - Etchells Road

Altrincham - Etchells Road

A detached office building serving as Lookers’ new headquarters let on a 15-year lease from 2018 with a tenant break in year 10. The property occupies a prominent and large site in Altrincham fronting the A56 and comprises a Grade A office that was refurbished in 2018.

Date Purchased

July 2018

Tenure

Freehold

Total Current Rent

£368,567 per annum

Lease Expiries

2033 (2028)

Tenants

Bolling Investments Limited

Bath – James Street
Office

Bath - Westpoint

Bath - Westpoint

Westpoint occupies a prominent position on James Street West in Bath City Centre. The property is situated directly opposite the City of Bath College, approximately one-third of a mile from Bath Spa Railway Station. The property comprises a self-contained office and retail building over ground and three upper floors totalling approximately 29,075 sq ft. 7,561 sq ft is retail (26%) and 21,514 sq ft is office (74%). The retail element is configured as three well-proportioned units on the ground floor. The upper floors provide recently refurbished open-plan office accommodation. The property underwent a substantial refurbishment in 2005.

Date Purchased

December 2009

Tenure

Freehold

Total Current Rent

£472,720 per annum

Lease Expiries

2027–2030 (2026, 2028)

Tenants

Zerya Evin

Starbucks

Ladbrokes

EIP Europe LLP

Abel & Imray

Birmingham - Business Park
Office

Birmingham - The Pavilions, Birmingham Business Park

Birmingham - The Pavilions, Birmingham Business Park

Birmingham Business Park is located approximately eight miles east of Birmingham City Centre and provides a high-quality business park environment on a total site of 150 hectares. The park is located at the junction of the M6 and M42, in close proximity to Birmingham Airport and the HS2 Interchange.

Date Purchased

December 2004

Tenure

Freehold

Total Current Rent

£891,672 per annum

Lease Expiries

2032 (2027)

Tenants

The Secretary for State for Levelling Up

Housing and Communities

Brighton - 82–83 Queens Road
Office

Brighton - 82–83 Queens Road

Brighton - 82–83 Queens Road

A freehold office building sandwiched between two of CPF’s adjacent ownerships, International House and Aspect House, and in very close proximity to the train station. The asset comprises ground-floor retail with offices on the upper floors. There are 14 car parking spaces in the basement.

Date Purchased

May 2019

Tenure

Freehold

Total Current Rent

£196,000 per annum

Lease Expiries

2025–2029

Tenants

Café Coho

E-Tech Zone

WRAP Business and Leisure

Brighton - International House
Office

Brighton - International House

Brighton - International House

A prominent freehold office building located immediately adjacent to the train station and in close proximity to two other ownerships within Brighton. The asset is multi-let to three office tenants, with a gym and a retail unit fronting Queen’s Road. There are 22 car parking spaces in the basement.

Date Purchased

January 2017

Tenure

Freehold

Total Current Rent

£449,555 per annum

Lease Expiries

2027–2035 (2028–2030)

Tenants

Mandoths Restaurant

Fitness First

Booker Retail Partners

Itad Limited

Lucy & Yak

Brighton - Aspect House
Office

Brighton - Aspect House

Brighton - Aspect House

A purpose built office building located on one of Brighton's main thoroughfares, 100 metres from the train station in a prime office pitch. The property is arranged over lower ground, ground and 5 upper floors, extending to a total of 28,157 sq ft. The bottom two floors are occupied as a health centre, and the remaining five floors are multi-let offices.

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£770,156 per annum

Lease Expiries

2026–2032 (2027–2029)

Tenants

NHS

Near Light Ltd

Football 1X2 Ltd

Jarltech Europe GmbH

FRP Advisory Trading

Teladoc Health UK Ltd

PageGroup plc

Bristol - Whiteladies House
Office

Bristol - Whiteladies House

Bristol - Whiteladies House

Whiteladies House is a modern freehold office building in the affluent area of Clifton. The property is single-let and provides 15,500 sq ft of office accommodation over four floors with 12 car parking spaces.

Date Purchased

December 2016

Tenure

Freehold

Total Current Rent

£387,550 per annum

Lease Expiries

2026

Tenants

Films at 59

Cheltenham - St George's House
Office

Cheltenham - St George's House

Cheltenham - St George's House

A comprehensively refurbished office located in central Cheltenham arranged over ground and three upper floors extending to 20,227 sq ft.

Date Purchased

December 2019

Tenure

Freehold

Total Current Rent

£446,326 per annum

Lease Expiries

2027–2029

Tenants

Abercrombie & Kent Limited

Novus Renewable Services

Chester - Civil Justice Centre
Office

Chester - Civil Justice Centre

Chester - Civil Justice Centre

The property is located in the city centre, off Little St John Street close to the A5628, the Chester inner ring road. The property comprises a self-contained office building, arranged over ground and three upper floors providing a total net internal area of approximately 25,241 sq ft. The property, completed in 2001, is currently occupied by Her Majesty's Court Service as the Chester Civil Justice Centre and as such is currently fitted out as a Court facility.

Date Purchased

December 2009

Tenure

Freehold

Total Current Rent

£437,615 per annum

Lease Expiries

2026

Tenants

The Secretary of State for Communities and Local Government

Ilkley - Mayfield House
Office

Ilkley - Mayfield House

Ilkley - Mayfield House

A newly completed 27,328 sq ft freehold office arranged over ground and two upper floors, with 62 car spaces, located close to the railway station in an affluent town north of Leeds.

Date Purchased

March 2018

Tenure

Freehold

Total Current Rent

£519,745 per annum

Lease Expiries

2028 – 2033

Tenants

Local Smartcredit Ltd

Modus UK Ltd

London E1 - 122 Back Church Lane
Office

London E1 - 122 Back Church Lane

London E1 - 122 Back Church Lane

A newly developed office building constructed in 2015 extending to 25,200 sq ft. The building is arranged over basement, ground and 5 upper floors. There are outdoor terraces on the second and fourth floors and excellent natural light throughout.

The property is located in Whitechapel, which was set to benefit from significant infrastructure improvements through Crossrail in 2018.

Date Purchased

February 2016

Tenure

Freehold

Total Current Rent

£1,126,173 per annum

Lease Expiries

2026

Tenants

The British Diabetic Association

London NW5 - Piano Factory
Office

London NW5 - Piano Factory

London NW5 - Piano Factory

A former piano factory that was converted to a grade A office building in 2015 following a comprehensive refurbishment and addition of a fourth floor. Located immediately adjacent to Kentish Town West train station and a short walk from Camden.

Date Purchased

February 2016

Tenure

Freehold

Total Current Rent

£212,198 per annum

Lease Expiries

2027

Tenants

Brinkworth Productions

London EC2 - Rivington House
Office

London EC2 - Rivington House

London EC2 - Rivington House

A freehold office building comprising a converted Victorian warehouse that was redeveloped in 2014. The property is located close to Old Street roundabout in a prominent location at the gateway to Shoreditch, on the junction of Great Eastern Street and Rivington Street.

Date Purchased

February 2015

Tenure

Freehold

Total Current Rent

£949,914 per annum

Lease Expiries

2031

Tenants

Work Life

London N1 - Paulton House
Office

London N1 - Shepherdess Walk

London N1 - Shepherdess Walk

A freehold office building comprising a recently refurbished converted Victorian warehouse.

Date Purchased

December 2013

Tenure

Freehold

Total Current Rent

£502,645 per annum

Lease Expiries

2025–2028 (2026)

Tenants

Sunshine Partners

Speirs & Major

Sharp End Partnership

Capital Integration Systems

Cignal Infrastructure

London EC1 - The Smithson
Office

London EC1 - The Smithson

London EC1 - The Smithson

Subject to a major refurbishment in 2018, this prime Farringdon office building has double frontage to St John's Square and Briset Street. The property is arranged over six upper floors, ground and basement with a variety of floor plate sizes from 2,000–8,000 sq ft. The top floors have views over St Paul's and upper floors benefit from an abundance of outdoor terraces and natural light on four sides. There are 70 bike racks in the basement. The property is located 200m from Farringdon's Crossrail Station.

Date Purchased

March 2011

Tenure

Freehold

Total Current Rent

£2,933,758 per annum

Lease Expiries

2034 (2029); 2033 (2026)

Tenants

Macmillan Publishers

Projection Artworks Limited

Newcastle Upon Tyne - Cooper's Studios
Office

Newcastle Upon Tyne - Cooper's Studios

Newcastle Upon Tyne - Cooper's Studios

Cooper’s Studios was originally constructed in 1897 and is a rare surviving example of a purpose-built multi-storey horse and carriage repository. The Grade II listed building was comprehensively restored in 2009 and converted to provide unique and striking commercial office accommodation.

Date Purchased

September 2019

Tenure

Freehold

Total Current Rent

£359,884 per annum

Lease Expiries

2033

Tenants

Ryder Architecture Limited

Staines - Magna House
Office

Staines - Magna House

Staines - Magna House

Staines is located within the M25 close to Heathrow and is classified as a prime M25 office location. The property is situated on the periphery of the town centre to the northwest of the train station and retail core. Magna House comprises a detached office building arranged over ground, first and second floors and is rectangular in shape with the front elevation facing Church Street. Constructed 1988, the property has ample car parking provision and is situated in a predominantly residential area suggesting future alternative use.

Date Purchased

September 2010

Tenure

Freehold

Total Current Rent

£127,000 per annum

Lease Expiries

2028

Tenants

Givaudan UK

Basingstoke - Houndmills
Industrial

Basingstoke - Houndmills

Basingstoke - Houndmills

The property comprises two modern detached warehouses with ancillary office facilities, located within the established Houndmills industrial area of Basingstoke. The property is within two miles of Junction 6 of the M3. Nearby occupiers include Sainsbury’s, Kuehne + Nagel, Bidfood and Martin Brower, as well as trade counters and car dealerships including Mercedes, Volvo and Toyota. The units are also approximately 400 metres from the Fund’s other industrial unit at Knights Park, Basingstoke.

Date Purchased

August 2018

Tenure

Long leasehold

Total Current Rent

£657,654 per annum

Lease Expiries

2025–2042

Tenants

Vodafone

BB&R

Basingstoke - Knights Park
Industrial

Basingstoke - Knights Park

Basingstoke - Knights Park

A modern detached warehouse unit with two-storey ancillary offices, situated on Knight’s Park, part of Houndmills a well-established industrial and distribution estate two miles from Junction 6 of the M3. Nearby industrial occupiers include Volvo, the Post Office, Sainsbury’s, Golden West Food, Fyffes and Macmillan.

Date Purchased

December 2002

Tenure

Freehold

Total Current Rent

£522,800 per annum

Lease Expiries

2042

Tenants

Levertonhelm Limited

Belvedere - Centurion Way
Industrial

Belvedere - Centurion Way

Belvedere - Centurion Way

An industrial warehouse developed in 2018 and let on a 25-year RPI-linked lease from July 2018 to Allied Hygiene. The site extends to three acres and benefits from a long and prominent frontage. The property serves as Allied’s headquarters.

Date Purchased

July 2018

Tenure

Freehold

Total Current Rent

£729,992 per annum

Lease Expiries

2043 (2033)

Tenants

Allied Hygiene Services Limited

Bristol - Poplar Way
Industrial

Bristol - Poplar Way

Bristol - Poplar Way

A well-specified modern industrial unit situated in an established distribution location. The property is cross-docked and has 360-degree circulation and large yards. It was single-let to Kuehne + Nagel on a 10-year reversionary lease from 2019, with a tenant option to break in 2024.

Date Purchased

January 2014

Tenure

Freehold

Total Current Rent

£0

Lease Expiries

Tenants

Vacant

Bristol - Wilverley Trading Estate
Industrial

Bristol - Wilverley Trading Estate

Bristol - Wilverley Trading Estate

Industrial asset comprising eight industrial units arranged in two terraces, providing a combined 62,307 sq ft. The property benefits from a prominent main road frontage to the Bath Road (A4), the main route from Bristol City Centre to Bath, approximately 2.5 miles south-east of Bristol city centre and Temple Meads station. Acquired for reversionary potential.

Date Purchased

December 2021

Tenure

Freehold

Total Current Rent

£641,184 per annum

Lease Expiries

2025–2039 (2031)

Tenants

Cubico

Screwfix

Tastetech

Mon Motors

Bury St Edmunds - Moreton Hall
Industrial

Bury St Edmunds - Moreton Hall

Bury St Edmunds - Moreton Hall

The property comprises a newly developed 66,000 sq ft industrial unit occupying a four-acre site in Bury St Edmunds let to Vitec, an organisation specialising in the production of manual and robotic camera support systems and accessories. This purpose-built facility is the UK headquarters and employs approximately 200 people.

Date Purchased

March 2015

Tenure

Freehold

Total Current Rent

£679,673 per annum

Lease Expiries

2032

Tenants

Videndum Production Solutions Limited

Chigwell - Workshop & Victoria Building
Industrial

Chigwell - Workshop & Victoria Building

Chigwell - Workshop & Victoria Building

A three-acre Greater London site incorporating two newly constructed or substantially refurbished industrial units located off Langston Road, the principal out-of-town business location in Chigwell. The asset is approximately 200 metres from the Fund’s existing BMW and MINI dealership in Chigwell, has a very low site cover, is BREEAM certified and has direct access to Debden Station. The property is let in its entirety to Sytner until 2056, coterminous with the dealership.

Date Purchased

December 2019

Tenure

Freehold

Total Current Rent

£486,607 per annum

Lease Expiries

2056 (2036)

Tenants

Sytner Properties Ltd (surety: Sytner Group Ltd)

Bury St Edmunds - SP147
Industrial

Bury St Edmunds - SP147

Bury St Edmunds - SP147

A newly developed distribution warehouse let on a 25-year lease from 2019, with five-yearly RPI rent reviews. The unit has a large yard, 12.5-metre eaves and a number of sustainability credentials including a BREEAM Excellent rating. The tenant, Unipart, serves an NHS contract from the property.

Date Purchased

June 2019

Tenure

Freehold

Total Current Rent

£1,068,749 per annum

Lease Expiries

2044 (2034)

Tenants

Unipart Logistics Limited (surety: Unipart Group Limited)

Daventry Exchange
Industrial

Daventry - Daventry Exchange

Daventry - Daventry Exchange

Daventry Exchange comprises four industrial units situated on a 9.5-acre site in a prime industrial location within the Golden Triangle. The units are let to three separate tenants off low rents, with significant reversionary potential.

Date Purchased

March 2022

Tenure

Virtual Freehold

Total Current Rent

£ 1,071,067 per annum

Lease Expiries

2025–2030 (2026–2028)

Tenants

G2S Limited

Cummins Limited

Consumer Champion Group Limited

Epsom - Longmead Industrial Estate
Industrial

Epsom - Epsom Trade Park

Epsom - Epsom Trade Park

Epsom is an affluent commuter town within the Greater London Urban Area, 17 miles to the south-west of central London. Junction 9 of the M25 provides excellent links to the national motorway network, with direct access to London Heathrow and Gatwick airports via the M23. The property is situated on Longmead Industrial Estate, an established light industrial and trade-counter location with additional business units and car-showroom uses, located one mile north-east of the town centre. The property is a multi-let industrial estate comprising a recently completed trade park scheme and two detached industrial units extending to 62,577 sq ft.

Date Purchased

January 2011

Tenure

Long leasehold

Total Current Rent

£1,059,028 per annum

Lease Expiries

2027–2034 (2026–2028)

Tenants

HFD Limited

C. Brewer & Sons

AWE Europe Ltd

Eurocell Building Plastics

Screwfix Direct Ltd

Photo-Me International Plc

Storage King

Caxton Point, Printing House Lane, Hayes
Industrial

Hayes - Printing House Lane

Hayes - Printing House Lane

Hayes is located approximately 14 miles to the west of central London and 1.5 miles north of Junction 3 of the M4, which provides direct access into central London to the east and connects with the M25 (Junction 15) four miles to the west. The property is around three miles from Heathrow Airport. The immediate area comprises industrial, office and residential uses; Stockley Park lies less than one mile to the west. Nearby occupiers include DHL, Travis Perkins, Royal Mail and Nikon Express.

Constructed in 2006, the property comprises a self-contained detached warehouse unit extending to 53,453 sq ft with integral office accommodation.

Date Purchased

May 2011

Tenure

Freehold

Total Current Rent

£674,637.50

Lease Expiries

2026

Tenants

Tempur UK Ltd

Leeds - Cross Green Approach
Industrial

Leeds - Cross Green Approach

Leeds - Cross Green Approach

20 Cross Green Approach is situated within the established Cross Green industrial area, just one mile from Leeds City Centre – a genuine urban logistics location. The unit is well specified with 12-plus-metre eaves, twelve dock-level and one ground level loading doors across three elevations, a large yard, two access/egress points and low site cover. The property is EPC-rated A.

Date Purchased

March 2022

Tenure

Long leasehold

Total Current Rent

£420,000 per annum

Lease Expiries

2031 (2026)

Tenants

Yusen Logistics (UK) Limited

Liverpool - Amazon Knowsley
Industrial

Liverpool - Venus Knowsley

Liverpool - Venus Knowsley

A modern distribution warehouse which was developed in 2015 and is located less than 1 mile from Junction 4 of the M57. The property benefits from 13m eaves, a large goods yard, extensive parking and a low site cover. It is let to Amazon as a parcel delivery hub on a 10-year lease from 2016. The property is located in close proximity to CPF’s other holding on the same industrial estate, occupied by Toyota. This location is set to benefit from major infrastructure improvements including the development of the new port at Liverpool2 and the new Runcorn bridge.

Date Purchased

November 2016

Tenure

Virtual freehold

Total Current Rent

£632,206 per annum

Lease Expiries

2026

Tenants

Amazon UK Services Limited

Liverpool – Kammac Knowsley
Industrial

Liverpool - Jupiter, Deacon Park

Liverpool - Jupiter, Deacon Park

Hornhouse Lane, Liverpool

A modern, well-specified industrial warehouse located less than one mile from Junction 4 of the M57.

Date Purchased

November 2013

Tenure

Virtual freehold

Total Current Rent

£893,750 per annum

Lease Expiries

2033

Tenants

Kammac Limited

London NW9 – Volkswagen/Škoda
Industrial

London NW9 - Colindale

London NW9 - Colindale

The property is a high quality facility for Skoda and Volkswagen which was refurbished in 2012. The dealership is located on an industrial estate just off the Edgware Road near Junction 4 of the M1, and other car dealerships in the vicinity include Volvo, Lexus and Volkswagen. The property totals 15,562 sq ft, with a showroom, a vehicle storage area and valeting facilities. There are 46 display parking spaces, and 20 for customers and staff.

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£275,000 per annum

Lease Expiries

2031

Tenants

Volkswagen Group United Kingdom Ltd

Normanton – Kelling
Industrial

Normanton - Trident Park

Normanton - Trident Park

A modern industrial warehouse constructed in 2016. The property is located in a prime industrial location 10 miles to the south east of Leeds with excellent access to the M62, M1 and A1(M). The property is let to Kelling Group Ltd on a 15-year lease from October 2017 subject to five-yearly rent reviews to the higher of RPI (2% collar and 4% cap) or open-market rent. The property has 12-metre eaves, 24% site cover, canopy and full vehicular circulation. The property is situated adjacent to three other industrial warehouses owned by CPF.

Date Purchased

December 2017

Tenure

Freehold

Total Current Rent

£434,000 per annum

Lease Expiries

2032

Tenants

Kelling Group Limited

Normanton - PNS
Industrial

Normanton - Trident Park

Normanton - Trident Park

PNS UK Ltd, Normanton

A modern industrial warehouse constructed in 2016, located in a prime industrial location 10 miles to the south-east of Leeds with excellent access to the M62, M1 and A1(M).

Date Purchased

March 2016

Tenure

Freehold

Total Current Rent

£236,665 per annum

Lease Expiries

2036

Tenants

PNS UK Ltd

Normanton - Trident Park
Industrial

Normanton - Trident Park

Normanton - Trident Park

A modern industrial warehouse constructed in 2014. The property is located in a prime industrial location 10 miles south-east of Leeds with excellent access to the M62, M1 and A1(M).

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£324,581 per annum

Lease Expiries

2029

Tenants

United AutoSports

Nottingham - Little Oak Drive
Industrial

Nottingham - Little Oak Drive

Nottingham - Little Oak Drive

Sherwood Park is a successful mixed-use business park recognised as a well-established industrial location adjacent to Junction 27 of the M1 and approximately 11 miles north of Nottingham. In addition, Sherwood Park is strategically located just 13 miles from East Midlands Airport. The property comprises a modern detached production unit with integral office and laboratory accommodation totalling 80,400 sq ft.

Date Purchased

September 2010

Tenure

Long leasehold

Total Current Rent

£433,843 per annum

Lease Expiries

2026

Tenants

Turbine Surface Technologies Ltd (Surety: Rolls-Royce plc & Chromalloy UK L)

Portsmouth - Castle Trading Estate
Industrial

Portsmouth - Castle Trading Estate

Portsmouth - Castle Trading Estate

The property is located on Castle Trading Estate in Portchester, west of Portsmouth city centre. It comprises a detached industrial warehouse constructed in 1992. The building is used as a manufacturing unit with a two-storey office pod.

Date Purchased

July 2010

Tenure

Freehold

Total Current Rent

£678,845 per annum

Lease Expiries

2034 (2029)

Tenants

SMR Automotive Mirrors UK Ltd (Surety: Paig International Ltd)

Redditch - Ravensbank Business Park
Industrial

Redditch - Ravensbank Business Park

Redditch - Ravensbank Business Park

A modern industrial warehouse located three miles from Junction 3 of the M42.

Date Purchased

January 2014

Tenure

Freehold

Total Current Rent

£754,164 per annum

Lease Expiries

2026

Tenants

Amazon UK Services Limited

Tamworth - Emperor Point
Industrial

Tamworth - Emperor Point

Tamworth - Emperor Point

A modern detached warehouse unit extending to 178,492 sq ft, with a two-storey ancillary office block, eight level-access loading doors, and a canopied loading area. Centurion Park is a 50-acre distribution park situated at the intersection of the M42 and A5, south of Tamworth town centre. Other occupiers on the Park include Norbert Dentressrangle (XPO Logistics), Aldi and AAH.

Date Purchased

September 2014

Tenure

Freehold

Total Current Rent

£1,300,000 per annum

Lease Expiries

2029

Tenants

Speedy Asset Services Ltd

Tewkesbury - Alexandra Way
Industrial

Tewkesbury - Alexandra Way

Tewkesbury - Alexandra Way

A warehouse with extensive two-storey offices completed in 2000 and used for the manufacture of credit cards.

It forms part of the Ashchurch Business Centre, which has good prominence to and access from Junction 9 of the M5. Other occupiers in the Centre include Group 4, DHL and Smiths Industries.

Date Purchased

August 2001

Tenure

Freehold

Total Current Rent

£270,000 per annum

Lease Expiries

2030

Tenants

Idemia UK Ltd (surety: De La Rue International Ltd)

Tewkesbury - Severn Drive
Industrial

Tewkesbury - Severn Drive

Tewkesbury - Severn Drive

A modern distribution warehouse located adjacent to Junction 9 of the M5. The income is subject to a rent review in 2027 to the higher of open market or RPI (collared and capped at 2% and 4% per annum compounded respectively).

Date Purchased

July 2012

Tenure

Freehold

Total Current Rent

£800,000 per annum

Lease Expiries

2032

Tenants

Hydro Buildings Systems UK Limited

Thetford - Fison Way Industrial Estate
Industrial

Thetford - Fison Way Industrial Estate

Thetford - Fison Way Industrial Estate

Located on Fison Way Industrial Estate – one of Thetford's largest industrial estates – the site extends to three acres and the building comprises a detached warehouse with cross-docked loading, serving as a parcel hub.

Date Purchased

December 2009

Tenure

Long leasehold

Total Current Rent

£99,999 per annum

Lease Expiries

2025 (2023)

Tenants

Fedex Express UK Transportation Limited

Wakefield - Wakefield 41 Industrial Estate
Industrial

Wakefield - Kenmore Road

Wakefield - Kenmore Road

A distribution warehouse on a prime industrial estate at junction 41 of the M1, one mile south of its intersection with the M62. The property extends to 45,405 sq ft and is let to Wolseley UK Limited on a 10-year lease from January 2021. The rent is reviewed in year five to the higher of open-market or RPI (collared at 2% and capped at 3.5% per annum compound).

Date Purchased

November 2015

Tenure

Freehold

Total Current Rent

£271,225 per annum

Lease Expiries

2031

Tenants

Wolseley UK Limited

Wednesbury - Steelmans Road
Industrial

Wednesbury - Steelmans Road

Wednesbury - Steelmans Road

The property is well located next to a retail park and IKEA between junctions 9 and 10 of the M6, providing quick access to the motorway network.

Date Purchased

August 2017

Tenure

Freehold

Total Current Rent

£0

Lease Expiries

Tenants

Vacant

Bath - 1–3 Westgate Buildings
Alternatives

Bath - 1–3 Westgate Buildings

Bath - 1–3 Westgate Buildings

A freehold mixed-use property located in Bath city centre with triple frontage overlooking the pedestrianised Kingsmead Square. The ground floor and basement comprise an A3 retail unit let to an independent restaurant, and the upper three floors are let to a student-accommodation operator as a 29-bed student residence.

Date Purchased

June 2016

Tenure

Freehold

Total Current Rent

£192,697 per annum

Lease Expiries

2039 (2029)

Tenants

Stable Bar & Restaurants Ltd

DPL Partnership Limited

Bath - 4 Westgate Buildings
Alternatives

Bath - 4 Westgate Buildings

Bath - 4 Westgate Buildings

Situated in Bath’s central leisure area directly between two of the Fund’s existing properties and diagonally opposite another. The newly completed redevelopment provides 17 residential studio apartments let to Westgate Apartments Limited and a Tesco store at ground floor.

Date Purchased

November 2017 and December 2023

Tenure

Freehold

Total Current Rent

£286,003 per annum

Lease Expiries

2027 – 2038 (2033)

Tenants

Westgate Apartments Limited

Tesco Stores Limited

Bath - 5–10 Westgate Buildings
Alternatives

Bath - 5–10 Westgate Buildings

Bath - 5–10 Westgate Buildings

An attractive mixed-use building in central Bath, located close to CPF's two other holdings at 1–3 Westgate Buildings and at Westpoint on Avon Street, opposite Westgate Buildings. Originally built in the 1930s and occupied as a department store until 2000, the building was substantially refurbished that year behind an attractive Bath-stone façade. The accommodation is set out over basement, ground and two upper floors. The upper floors, formerly offices, have been converted to a hotel.

The building is double-fronted with elevations onto Westgate Buildings and Avon Street.

Date Purchased

May 2012

Tenure

Freehold

Total Current Rent

£767,424 per annum

Lease Expiries

2027–2042 (2028)

Tenants

Sportsdirect.com Retail Ltd

Travelodge Hotels Ltd

Sally Salon Services Ltd

Creams Café

Bath - Trim Street
Alternatives

Bath - Trim Street

Bath - Trim Street

Situated in Bath’s central leisure area, the newly completed redevelopment of a Grade II-listed Georgian townhouse provides 10 residential apartments and a small commercial unit. The building is let in its entirety to TS Apartments Ltd (trading as Hiding Space), a high-quality serviced apartment operator.

Date Purchased

January 2019

Tenure

Freehold

Total Current Rent

£153,793 per annum

Lease Expiries

2029

Tenants

TS Apartments Ltd (surety: Westgate Apartments Limited)

London SW11 - Battersea
Alternatives

London SW11 - Battersea

London SW11 - Battersea

A 121-bedroom hotel on York Road in Battersea. Let to Travelodge Hotels Limited until 2039 with a landlord option to extend for 10 years. The property occupies a prominent location alongside a number of residential developments and within walking distance of Clapham Junction station and Wandsworth. The site offers significant redevelopment potential.

Date Purchased

December 2021

Tenure

Freehold

Total Current Rent

£1,657,738 per annum

Lease Expiries

2049

Tenants

Travelodge Hotels Limited

Brighton - Jurys Inn
Alternatives

Brighton - Leonardo Hotel

Brighton - Leonardo Hotel

A modern, purpose-built 234-bed hotel located in central Brighton, immediately adjacent to the train station. The property is let to Jurys Inn on a 35-year lease from November 2007. The rent is reviewed five-yearly to uncapped RPI.

Date Purchased

September 2015

Tenure

Freehold

Total Current Rent

£2,274,292 per annum

Lease Expiries

2042

Tenants

Leonardo Hotel Management (UK) Limited

Bury St Edmunds - Škoda
Alternatives

Bury St Edmunds - Škoda

Bury St Edmunds - Škoda

Situated less than one mile from Bury St Edmunds town centre on Dettingen Way, near Newmarket Road – one of the main routes into the town from the west. The A14 dual carriageway is accessible via Newmarket Road and lies less than one mile away. The property, surrounded by industrial, trade and retail warehousing, provides 13,430 sq ft of modern accommodation including display, customer and workshop spaces.

Let for a term of 20 years from June 2022, with five-yearly upwards-only rent reviews to CPIH, collared and capped at 1% and 3% per annum respectively.

Date Purchased

June 2022

Tenure

Freehold

Total Current Rent

£130,000 per annum

Lease Expiries

2042

Tenants

F. Vindis & Sons (Bedford) Limited

Fenstanton - Bentley
Alternatives

Fenstanton - Bentley

Fenstanton - Bentley

Bentley Cambridge lies 11 miles north-west of the city centre and five miles south of Huntingdon, immediately adjacent to the junction of A1307, Cambridge Road and London Road. The A1307 leads north to Huntingdon and south to Cambridge and the A14. The property is surrounded mainly by modern trade-counter and industrial units.

It provides 12,728 sq ft of modern accommodation with display, customer and workshop areas, and is let for 20 years from June 2022 with five-yearly upwards-only rent reviews to CPIH, collared and capped at 1% and 3% per annum respectively.

Date Purchased

June 2022

Tenure

Freehold

Total Current Rent

£140,000 per annum

Lease Expiries

2042

Tenants

Vindis Group Limited

Cambridge - Travelodge
Alternatives

Cambridge - Newmarket Road

Cambridge - Newmarket Road

Located one mile east of Cambridge city centre, in an area characterised by retail uses. Cambridge Retail Park lies less than 100 metres to the west, with tenants including Currys, PC World, Homebase, Halfords, Pizza Hut and Majestic Wine. A Tesco Extra is located opposite the retail park. The site lies midway between the city centre and the A14, occupying a prominent position at the corner of Newmarket Road and Coldhams Lane.

The hotel comprises 219 bedrooms across five floors, together with lower-ground-floor parking for 50 cars and one additional space at ground level.

Date Purchased

September 2011

Tenure

Freehold

Total Current Rent

£1,632,864 per annum

Lease Expiries

2048

Tenants

Travelodge Hotels Ltd

Carlisle – SDI Fitness
Alternatives

Carlisle - Currock Road

Carlisle - Currock Road

A modern, purpose-built health and fitness club, with indoor swimming pool and retail unit, located in Carlisle.

Date Purchased

December 2013

Tenure

Freehold

Total Current Rent

£160,000 per annum

Lease Expiries

2030

Tenants

SDI Fitness 24 Ltd

Chester - Volvo
Alternatives

Chester - Volvo

Chester - Volvo

A modern car showroom redeveloped by the tenant (at its expense) in 2018, after being taken back to frame. The property occupies a prominent position on the corner of Sealand Road and Sovereign Way, one mile to the west of Chester city centre.

Date Purchased

May 2013

Tenure

Freehold

Total Current Rent

£271,754 per annum

Lease Expiries

2036

Tenants

Rybrook Cars Ltd (Surety: Rybrook Holdings Ltd)

Chigwell - BMW & MINI
Alternatives

Chigwell - BMW & MINI

Chigwell - BMW & MINI

The property is situated on a highly visible corner site on a main roundabout just off Junction 5 of the M11. The asset totals 46,789 sq ft comprising two high-quality, purpose-built showrooms for BMW and MINI which opened in 2006. The facility has 55 enclosed display spaces and a further 42 marked spaces. The car park provides a total provision for 266 spaces. Other car dealerships in the vicinity include Mercedes-Benz and Volkswagen.

Date Purchased

September 2014

Tenure

Freehold

Total Current Rent

£788,425 per annum

Lease Expiries

2056 (2026)

Tenants

Sytner Properties Ltd (surety: Sytner Group Ltd)

Dorchester - Prince of Wales Road
Alternatives

Dorchester - Prince of Wales Road

Dorchester - Prince of Wales Road

A development of 12 apartments and four bungalows providing high-quality, specialised supported housing for vulnerable young adults. Completed in 2023, the property occupies a large site in Dorchester town centre adjacent to The Brewery Quarter.

A 10-year lease is in place to a registered provider, with annual rent reviews linked to CPI (capped at 4%), and a landlord’s option to extend for a further ten years, effectively providing a 20-year term. This property was acquired as part of a four-asset portfolio within the specialised supported-housing sector.

Date Purchased

November 2023

Tenure

Freehold

Total Current Rent

£213,846 per annum

Lease Expiries

2033

Tenants

Inclusion Housing Community Company

Harrogate - Volkswagen
Alternatives

Harrogate - Volkswagen

Harrogate - Volkswagen

A modern car dealership constructed in 2007, located 3.5 miles west of the A1(M) in a well-recognised car-showroom area adjacent to St James Retail Park and St James Business Park. The property is let to Volkswagen Group (United Kingdom) Ltd on a 20-year lease from March 2007, with five-yearly rent reviews.

The property totals 30,797 sq ft, with a purpose-built, double-height showroom and 242 car parking spaces. Other nearby dealerships include Volvo, Toyota and Vauxhall, as well as the Audi Harrogate dealership currently owned by the Fund.

Date Purchased

December 2017

Tenure

Freehold

Total Current Rent

£340,000 per annum

Lease Expiries

2027

Tenants
Volkswagen Group (United Kingdom) Limited
Shanklin – Isle of Wight
Alternatives

Shanklin – Isle of Wight

Shanklin – Isle of Wight

A specialised supported-housing property extending to nine self-contained residential apartments for vulnerable young adults. The property is let to the island’s housing association, Vectis, on a 20-year lease from February 2021, with annual rent reviews linked to CPI.

This property was acquired as a four-asset portfolio within the specialised supported-housing sector.

Date Purchased

March 2022

Tenure

Freehold

Total Current Rent

£103,957 per annum

Lease Expiries

2041

Tenants
Vectis Housing Association Limited
Manchester – SACO House
Alternatives

Manchester - Minshull Street

Manchester - Minshull Street

A newly refurbished serviced apartment arranged on ground and 5 upper floors with a ground-floor showroom and basement car parking. The property is located in central Manchester, close to Piccadilly station.

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£717,347 per annum

Lease Expiries

2025–2046

Tenants

Commercial Development Projects Ltd

Edyn Limited

Private individuals

Nailsea - Bennett Court
Alternatives

Nailsea - Bennett Court

Nailsea - Bennett Court

A newly developed specialised supported-housing property extending to 12 self-contained residential apartments for vulnerable young adults, along with ancillary staff accommodation. The property is let to a registered provider, Inclusion Housing Community Interest Company, on a 10-year lease from December 2022, with annual rent reviews linked to CPI (capped at 4% per annum). The landlord has an option to extend for a further 10 years, effectively taking the expiry to December 2042. This property was acquired as part of a four-asset portfolio within the specialised supported-housing sector.

Date Purchased

December 2022

Tenure

Freehold

Total Current Rent

£161,920 per annum

Lease Expiries

2032

Tenants

Inclusion Housing Community Interest Company

Newcastle upon Tyne - Proctor House
Alternatives

Newcastle upon Tyne - Proctor House

Newcastle upon Tyne - Proctor House

Proctor House, situated within a prime area of Newcastle city centre, comprises a 104-bedroom budget hotel with an independent restaurant at ground floor. The property, which was fully redeveloped in 2014 to provide a new hotel, is let to EasyHotel until 2042, with five-yearly index-linked rent reviews to CPI.

Date Purchased

February 2022

Tenure

Freehold

Total Current Rent

£522,720 per annum

Lease Expiries

2037–2042 (2027–2037)

Tenants

EasyHotel UK Limited

Valley Restaurants Limited

Northampton - VW Vans
Alternatives

Northampton - VW Vans

Northampton - VW Vans

The property is situated one mile west of Northampton town centre on Westgate Industrial Estate fronting the A4500 Weedon Road, one of the main arterial routes into Northampton. It is 2.6 miles from Junction 15A of the M1 motorway and sits adjacent to Northampton Audi (also operated by Vindis Group), making it an ideal location for the brand’s workshop. The property is in close proximity to retail warehouse, food retail, trade, drive-thru and industrial units.

Occupiers in the immediate vicinity include M&S, Sainsbury’s, Aldi, Lidl, Costa Coffee, Boots, Halfords, The Gym Group, Formula One, MAN Trucks, Speedy Hire, Wickes and Sixways Leisure Park (Cineworld, Tenpin, McDonald’s and Bella Italia). The property comprises 44,517 sq ft of modern accommodation along with display, customer and workshop spaces. It is let for a term of 20 years from June 2022, subject to five-yearly upwards-only rent reviews to CPIH, collared and capped at 1% and 3% per annum respectively.

Date Purchased

June 2022

Tenure

Freehold

Total Current Rent

£350,000 per annum

Lease Expiries

2042

Tenants

F. Vindis & Sons (Bedford) Limited

Oxford - D'Overbroeck's
Alternatives

Oxford - 333 Banbury Road

Oxford - 333 Banbury Road

A purpose-built school developed in 2017 to a high specification, located on a large freehold site in Summertown, a short distance north of Oxford city centre. The 30-year lease from 2017 includes uncapped RPI-linked rent reviews realised annually. Summertown is recognised as Oxford’s prime residential area and has a cluster of educational uses benefiting from proximity to the University. Together with this property, CPF owns the student-accommodation property immediately opposite, creating a significant holding in a prime city underpinned by strong occupier demand and a stringent planning regime.

Date Purchased

September 2022

Tenure

Freehold

Total Current Rent

£1,813,250 per annum

Lease Expiries

2047

Tenants
D'Overbroeck's Limited
Oxford - 376 Banbury Road
Alternatives

Oxford - 376 Banbury Road

Oxford - 376 Banbury Road

A purpose-built school boarding house developed in 2017. The property is prominently located immediately opposite D’Overbroeck’s new school building in Summertown, to the north of Oxford city centre. The 30-year lease from September 2017 includes RPI-linked rent reviews every three years.

Date Purchased

September 2017

Tenure

Freehold

Total Current Rent

£514,662 per annum

Lease Expiries

2047

Tenants
D'Overbroeck's Limited
Poole - Fernside Road
Alternatives

Poole - Fernside Road

Poole - Fernside Road

A newly developed specialised supported-housing property extending to nine self-contained residential apartments for vulnerable young adults. The property is let to a Registered Provider, Inclusion Housing Community Interest Company, on a 10-year lease from August 2022 with annual rent reviews linked to CPI. The landlord has an option to extend the lease by a further 10 years, effectively taking the expiry to August 2042. This property was acquired as part of a portfolio of four assets within the specialised supported-housing sector.

Date Purchased

August 2022

Tenure

Freehold

Total Current Rent

£131,687 per annum

Lease Expiries

2032

Tenants
Inclusion Housing Community Company
Poole - Lifeboat Quay
Alternatives

Poole - Lifeboat Quay

Poole - Lifeboat Quay

The property occupies a gateway site in a prominent position opposite the train station and overlooking Poole Harbour, a short walk from the town’s main retail facilities and adjacent to an Asda supermarket.

It comprises a newly developed 125-bedroom hotel with ground-floor A3 retail units, a gym and a doctor’s surgery. There are 84 on-site parking spaces.

Date Purchased

July 2014

Tenure

Freehold

Total Current Rent

£870,502 per annum

Lease Expiries

2031–2051 (2026)

Tenants

NHS

Trek

Subway

Costa Coffee

AMPD

Travelodge Hotels

Rayleigh - Virgin Active
Alternatives

Rayleigh - 200 Rayleigh Road

Rayleigh - 200 Rayleigh Road

The property comprises a purpose-built health-and-fitness club extending to 4,463 sq m (48,032 sq ft), constructed in 2003. Facilities include a 25-metre swimming pool, a children’s pool and a large Jacuzzi/sauna/steam-room area, bar, reception, crèche, lounge area and changing rooms. The first floor comprises the gym area, which also includes two class studios. There are approximately 250 car-parking spaces. The property is situated on Rayleigh Road (A129), which connects the two main arterial routes serving South Essex – the A13 and the A127.

Date Purchased

February 2011

Tenure

Freehold

Total Current Rent

£464,000 per annum

Lease Expiries

2033

Tenants
Virgin Active Group Investment Ltd
Solihull - Rolls-Royce & McLaren
Alternatives

Solihull - Rolls-Royce & McLaren

Solihull - Rolls-Royce & McLaren

Constructed in July 2011, the property provides an attractive purpose-built car showroom for McLaren and Rolls-Royce – one of only three McLaren and six Rolls-Royce showrooms across the UK. The property totals 1,280.88 sq m (13,788 sq ft), with ancillary offices on the ground floor and an additional showroom on the first floor housing Rybrook’s specialist car centre, displaying brands including Rolls-Royce, Bentley, Ferrari and Porsche. There are 14 display spaces and 34 other car-parking spaces.

The property is located south of Hockley Heath, on the corner of Old Warwick Road and Stratford Road, which leads directly to Junction 34 of the M42 and Junction 16 of the M40. Other car dealerships in the vicinity include Porsche, Land Rover, BMW and Jaguar.

Date Purchased

May 2013

Tenure

Freehold

Total Current Rent

£356,336 per annum

Lease Expiries

2036

Tenants
Rycliffe Cars Limited
Stockton-on-Tees - Audi
Alternatives

Stockton-on-Tees - Audi

Stockton-on-Tees - Audi

The property is prominently located on the outskirts of Stockton-on-Tees, one mile from the A66, which leads directly to the A1(M). The area is well known for its concentration of car dealerships (including BMW, Jaguar and Land Rover) serving Stockton and the wider Teesside area. Constructed in 2007, the state-of-the-art property totals 30,863 sq ft, with a double-height sales showroom at the front of the site fitted out to a high standard. A 20-bay vehicle workshop is situated behind the showroom, with ancillary offices on the first floor. There are 81 display spaces and 34 customer car-parking spaces.

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£396,426 per annum

Lease Expiries

2027

Tenants
Volkswagen Group United Kingdom Ltd
Stow-on-the-Wold – BP & M&S
Alternatives

Stow-on-the-Wold – BP & M&S

Stow-on-the-Wold – BP & M&S

Station Road Garage, Stow-on-the-Wold, Gloucester

The property comprises a petrol filling station located on the A429 Fosse Way arterial road through the Cotswolds, on the outskirts of Stow-on-the-Wold. The site was extensively redeveloped in 2014 and comprises a modern petrol filling station, M&S Simply Food, Wild Bean Café and car-parking facilities.

Date Purchased

December 2014

Tenure

Freehold

Total Current Rent

£236,816 per annum

Lease Expiries

2033

Tenants
BP Oil UK Ltd
Telford – Welcome Break Services
Alternatives

Telford – Welcome Break Services

Telford – Welcome Break Services

The property comprises a purpose-built motorway service area developed in 2002 and let to Welcome Break until November 2027. It is the only services on the M54 and offers a range of retail (Starbucks, WH Smith, Burger King), a petrol station operated by Shell and a hotel. The lease benefits from five-yearly fixed 2.5% per annum compound rent increases.

Date Purchased

November 2013

Tenure

Freehold

Total Current Rent

£1,147,033 per annum

Lease Expiries

2027

Tenants
Welcome Break Services Ltd