Multi Packaging Solutions
Redwither Road Wrexham LL13 9RD
M O D E R N I N D U S T R I A L I N V E S T M E N T O P P O R T U N I T Y
I N V E S T M E N T S U M M A R Y• Wrexham is a key administrative, commercial and retail centre in North Wales.
• The property comprises a detached warehouse with a two storey office, extending in total to 43,538 sq ft.
• Fully let to Multi Packaging Solutions UK Limited, on a lease expiring 8th November 2027 with a break on 9th November 2022.
• The passing rent is £148,250 per annum, reflecting £3.41 per sq ft.
• Offers are sought in excess of £1,550,000 (One Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 9.00% assuming standard purchaser’s costs.
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD
WrexhamIndustrial Estate
A525
A525
A525
A5152
A483
A483
A5156A534
A534
A534
A5152
B5130
Cock Bank
Old Sontley
Hightown
PentreMaelor
WrexhamRugby Club
WrexhamMaelor Hospital
WrexhamGolf Club
Acton Park
Clays Golf Club
Cross Lanes
Bryn
Lane
Oak Road
Ridley Wood
Road
Ind EstateRoad
Cefn Road
Cefn
Ro
ad
Kiln Lane
Bed
well R
oad
RedwitherBusiness Park
WREXHAM
Liverpool
Shrewsbury
Birmingham
Manchester
Stoke-on-Trent
L
Nottingham
A525
A483A41
A41A49
A5
A483
A628
A534
M6
M1
M1
Gwersyllt
WrexhamGeneral
WrexhamCentral
SUBJECTPROPERTY
WREXHAM
M60
M56
M6
M6
M54
M5
M42M6 Toll
M62
M53
L O C AT I O NWrexham is the largest town in North Wales and is located approximately 13 miles south of Chester and 50 miles south west of Manchester. As North Wales’ largest town, and the fourth largest urban area in Wales, it is a major commercial, retail and educational regional centre.
The town benefits from frequent and direct rail services to Birmingham, Cardiff and Chester. Trains run regularly to Chester in 18 minutes, and journey times to Manchester and London are 1 hour 44 minutes and 2 hours 35 minutes respectively. Manchester Airport, the UK’s third largest airport, is 46 miles North East of the property.
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD
IND
EST RD
BRYN LANE BRYN LANE
BR
YN
LA
NE
BR
YN
LA
NE
AB
EN
BU
RY
WAY
ABENBURY WAY
CO
ED ABEN ROAD
REDWITHER ROAD
OAK ROAD
OAK ROAD
OAK ROAD
B51
30
B51
30
B5
130
B5130
B5130
BRIDG
E RO
AD
BR
IDG
E R
OA
D S
OUTH
CLYWEDOG ROAD EAST
CLYWEDOG RD NORTH
CLY
WED
OG
RO
AD
SO
UTH
ASH
RO
AD
NO
RT
H
ASH ROAD NORTH
BRIDGE RD NORTH
BRIDGE R
D NO
RT
H
ABBEY ROAD
1
2
3
4
5
6
7 8
9
10
11
1213
14
15
16
17
18
20
21
19
1 JCB Transmissions
10 Hoya Lens UK
19 Premier Decorations
20 TRW Automotive Aftermarket
21 Tritech
11 DTCC Europe
12 Norish Wrexham
13 Wrexham Enterprise Park
14 Rowan Foods
15 Demon Tweeks
16 Ardagh Group
17 TDG Contract Logistics
18 Prysmian
2 Annyalla Chicks UK
3 Solvay
4 Playford Packaging
5 Wrexham Wire
6 Coveris Advanced Coatings
7 Wockhardt
8 CrossFit Wrexham
9 Kelloggs Wrexham
SUBJECTPROPERTY
S I T U AT I O NWrexham Industrial Estate is one of the largest industrial estates in Europe, and extends to approximately 1,350 acres in total.
The estate benefits from good quality infrastructure and major occupiers include Kellogg’s, Calypso Soft Drinks, JCB and Tetra Pak Limited, providing approximately 7,000 jobs in around 300 businesses.
Access onto the site was greatly improved with the opening of a link road in 2012, linking the Estate to the A534 in the North. The A534 in turn, provides access to the A483 Wrexham by-pass, linking the A55 North Wales express way to the M53. The A534 also provides access to Junctions 16 and 17 of the M6 via the A51 and A500.
The subject property is located to the south of the estate and is accessed from Redwither Road.
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD
D E S C R I P T I O NThe premises comprises a three bay detached warehouse facility of steel portal frame construction, together with part single, part two storey offices/showroom accommodation. The property has an eaves height of approximately 6.30 metres, and there are two dock level loading doors, as well as three level access loading doors.
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD
A C C O M M O D AT I O NThe property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition), on a Gross Internal Area basis.
sq ft sq m
Warehouse 37,868 3,518
GF/FF Offices 5,670 528
Total 43,538 4,045
There is a mezzanine in the warehouse extending to 1,620 sq ft (151 sq m) and a loading canopy extending to 749 sq ft (70 sq m).
The site extends to 2.649 acres (1.072 ha).
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD
T E N U R EThe site is held Freehold.
T E N A N C YThe property is let to Multi Packaging Solutions UK Limited on a full repairing and insuring lease for a term of 10 years, expiring 8th November 2027 with a tenant break option on 9th November 2022 at a passing rent of £148,250 per annum. There is an upwards only rent review on 9th November 2022. For identification purposes only
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD
T E N A N T C O V E N A N TMulti Packaging Solutions is a multi-national packaging solutions company, founded in 1991 and headquartered in New York. Their markets include Healthcare, Confectionery, Media, Beauty and Personal Care, and Premium Drinks.
The company employs around 2,700 employees nationally, with approximately 9,000 employees internationally. The company operates from 19 locations throughout the UK.
Multi Packaging Solutions UK Limited (Company number 02586987). We have summarised the company’s most recent accounts below:
Year 30/06/2016 30/06/2015 30/06/2014
Turnover £235,785,000 £236,802,000 £109,699,000
Pre Tax Profit £33,812,000 £40,830,000 £12,682,000
Shareholder’s Funds £418,138,000 £389,598,000 £345,556,000
The company has a credit safe rating of 75/100, representing a very low risk.
V ATThe property is elected for VAT and it is expected that the transaction will be treated as a transfer of going concern (TOGC).
E P CThe property has an EPC rating of D 79.
MISREPRESENTATION ACT 1967 | DISCLAIMER COPYRIGHT © JONES LANG LASALLE IP, INC. 2017. All rights reserved.Jones Lang LaSalle for themselves and for the vendors of this property whose agents they are give notice that: a) The particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. b) The information contained in this communication has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither Jones Lang LaSalle nor any of their employees, directors, advisers and / or representatives shall have any responsibility or liability whatsoever for any loss howsoever arising from any use of or reliance upon this communication or its contents or any further communication relating to the subject matter of this communication or otherwise arising in connection with this communication. The information set out herein is confidential and may be subject to updating, completion, revision, verification and amendment and such information may change materially. c) No person in the employment of Jones Lang LaSalle has any authority to make or give any representation or warranty whatever in relation to the subject matter of this communication. 03/2018. Designed and produced by Creativeworld Tel: 01282 858200.
F U R T H E R I N F O R M AT I O NFor further information, please contact:
Andrew Hilbourne0161 238 [email protected]
Donya Beale0161 828 [email protected]
P R O P O S A LOffers are sought in excess of £1,550,000 (One Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 9.00% assuming standard purchaser’s costs.
Multi Packaging SolutionsRedwither Road Wrexham LL13 9RD