Tesco Express Investment 313 Norris Road, Sale, Greater Manchester M33 2UN. Architects CGI

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1 Tesco Express Investment 313 Norris Road, Sale, Greater Manchester M33 2UN Architects CGI

2 Tesco Supermarket Investment Situated in a densely populated residential area on a busy thoroughfare Let to Tesco Stores Limited (D&B 5A1) New 20 year lease from 25 July 22 (TBO 10 years) 5 yearly upward only reviews linked to RPI (collared and cap - 1% - 4%) 44,500 per annum ( 9.50 psf) Freehold Offers in the region of 620,000 (STC) Attractive Net Initial Yield of 6.25%

3 Sale is located approximately five miles south west of central Manchester Sale Sale is one of the principle commercial centres in South Manchester with an estimated district population of 55,000 people. The town is located approximately five miles south west of central Manchester and three miles north east of Altrincham. TESCO EXPRESS Sale is a popular commuter town with excellent communications. The A56 offers direct access to junction 7 of the M60 motorway, which in turn links to the M62, M6, M66 and M56 motorways. The Altrincham Line of the Metrolink connects Sale with Altrincham and Manchester. Manchester Piccadilly has direct train links to London with a fastest time of 2 hours 5 minutes. Manchester International Airport lies 7.2 miles to the south of Sale town centre.

4 Baguley Lane The Braddock (PH) The area is a densely populated residential suburb of Sale with 12,727 people per sq mile Situation The property occupies an extremely prominent position fronting Norris Road, between Conway Road and Baguley Lane. The area is a densely populated residential suburb of Sale with 12,727 people per sq mile. The immediate vicinity has a retail parade with local shops, businesses and a Rowlands Pharmacy. The busy suburban location benefits from a high level of traffic flow past the property, being positioned within close proximity to a number of colleges. Sale Moor Community Centre and Sale Moor Technology College are located within 100 yards and Sale High School, Lime Tree Primary School and St Francis Church are all within 200 yards of the property.

5 Tesco Express, 313 Norris Road, Sale, Greater Manchester M33 2UN Description The property will comprise a converted public house to provide a detached convenience store extending to 4,683 sq ft with a surfaced car park for 18 cars. Proposed Tenant Fit-Out Plan Existing fence to be made good clear glazing ES ES PL DG 07 BULK STORE G07 SHOP FRONTS, INCLUDING AUTOMATIC BI-PARTING DOORS(), TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR, INSTALLED INTO OPENINGS. FRAMES TO BE PPC ALUMINIUM FINISHED DUSTY GREY TO RAL77. GLAZING TO INCORPORATE MANIFESTATIONS AS REQUIRED BY THE BUILDING REGULATIONS. TESCO APPOINTED ARCHITECT TO OBTAIN NECESSARY PLANNING APPROVAL. WHERE IDENTIFIED AS "obscure glazing" GLAZING TO BE TREATED WITH A FROSTED FINISH TO PROVIDE SCREENING FOR VISUAL / SECURITY PURPOSES TESCO APPOINTED CONTRACTOR TO SUPPLY AND INSTALL INTERNALLY ILLUMINATED ALUMINIUM FASCIA SIGNS. SPECIFIC SIGNAGE SHOWN FOR LEASE PURPOSES ONLY AND TO BE CONFIRMED AND SUBMITTED FOR PLANNING APPROVAL BY TESCO APPOINTED ARCHITECT TESCO APPOINTED CONTRACTOR TO CONSTRUCT NEW SECURE WALL WITH STEEL FACED EXTERNAL INSULATED CLADDING TO RECEIVE 6625 ATM MACHINE AND STEEL EXTERNAL SECURITY DOOR(04). ATM UNIT AND DOOR TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR ALL WORKS TO BE IN ACCORDANCE WITH DRAWING 1000(SD)316. DOOR TO BE PAINT FINISHED DUSTY GREY TO RAL F3 1210(w)x2110(h)mm OPENING TO BE FORMED BY TESCO APPOINTED CONTRACTOR TO ACCOMMODATE STEEL FACED SECURITY DOOR, DOOR TO BE PAINT FINISHED, COLOUR DUSTY GREY TO RAL77 SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR. Proposed Front Elevation from Car Park PROPOSED 150x150mm VENT AXIA FAN TO PROVIDE EXTRACT FROM STAFF ROOM TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR PROPOSED 150x150mm VENT AXIA FAN TO PROVIDE EXTRACT FROM TOILETS TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR PROPOSED 150x150mm VENT AXIA FAN TO PROVIDE COMBINED EXTRACT FROM STAFF ROOM AND TOILETS TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR CAR PARK PAVEMENT SERVICE YARD GATES TO BE 2.4m HIGH CLOSE BOARDED TIMBER. GATES TO BE PROVIDED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS PER DETAILED DRAWING 1000(SD)512 (STANDARD ACOUSTIC SPECIFICATION IN ACCORDANCE WITH ACOUSTIC ENGINEERS SPECIFICATION) Existing first floor windows to be ply meshed ply internally. TBC by SDM PL :15 RAMP SERVICE YARD CONCRETE GOODS ACCESS RAMP WITH ASSOCIATED HANDRAILS TO BE CONSTRUCTED BY TESCO APPOINTED A MAXIMUM GRADE OF 1:15. MINIMUM WIDTH OF 1500mm AND LANDINGS SUITABLE FOR GOODS CAGE MANOEUVRE. ALL TO BE IN ACCORDANCE WITH THE CURRENT BUILDING REGULATIONS AND DDA ACCESS REQUIREMENTS Existing ground floor window to be bricked up and rendered 04 SERVICE YARD PERIMETER TO BE 2.4m HIGH CLOSE BOARDED TIMBER FENCE. FENCE TO BE PROVIDED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS PER DETAILED DRAWING 1000(SD)513 (STANDARD ACOUSTIC SPECIFICATION IN ACCORDANCE WITH ACOUSTIC ENGINEERS SPECIFICATION) Existing fence to be made good CHECKOUTS S PROPOSED 400x400mm VENT AXIA FAN TO PROVIDE COMBINED EXTRACT FROM BAKE-OFF OVEN AND CHILLER TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR TESCO APPOINTED CONTRACTOR TO RETAIN EXISTING OPENING AND TO SUPPLY AND INSTALL PROPOSED NEW WINDOW SUBJECT TO CONDITION OF EXISTING, FRAMES TO BE PPC ALUMINIUM FINISHED DUSTY GREY TO RAL77. TESCO APPOINTED ARCHITECT TO OBTAIN RELEVANT PLANNING CONSENT. mn Strucutural colu layout as per ch Waterman Sket ENTRANCE F3 SALES AREA S PROPOSED UNIT F3 ELEC. ELEC. F3 TESCO APPOINTED CONTRACTOR TO SUPPLY AND INSTALL 800x650mm DOUBLE-SIDED, INTERNALLY ILLUMINATED BUS STOP SIGN AT HIGH LEVEL ABOVE FOOTPATH. SPECIFIC SIGNAGE SHOWN FOR LEASE PURPOSES ONLY AND TO BE CONFIRMED AND SUBMITTED FOR PLANNING APPROVAL BY TESCO APPOINTED ARCHITECT PLANT YARD DG 14 F2 Floor to U/S bea DG 05 F m 2.1m High clear glazing STAFF ROOM G BAKE-OFF S Tenant's specification of works. Schedule of materials and proposals BT DG 13 Copyright Archer Architects. All dimensions to be verified on site. Signage Ø150mm EXTRACT SERVICE YARD PROPOSED UNIT F1 Ø300mm EXTRACT Ø150mm EXTRACT SERVICE YARD FREEZER G10 Ø150mm EXTRACT The shop units are all of regular configuration serviced from via a rear/side servicing yard. B B Condenser CONDENSER TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR LOCATED ONTO EXISTING CONCRETE HARD STANDING. (CONTRACTOR IS TO CARRY OUT ANY NECESSARY REMEDIATION WORKS IF THE STANDING AREA IS NOT SUITABLE) CONDENSER TO BE A 1158x3100x1695mm TWIN FAN FLAT BED OPERATING AT 32dB(A) AT 10mtr DAYTIME AND 27dB(A) AT 10mtr NIGH TIME. B AC Units Baguley R AC UNITS TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR LOCATED ONTO EXISTING CONCRETE HARD STANDING. (CONTRACTOR IS TO CARRY OUT ANY NECESSARY REMEDIATION WORKS IF THE STANDING AREA IS NOT SUITABLE) 2no. AC UNITS TO SUPPLY SALES AREA AND ARE 970x370x845mm HIGH, BOTH OPERATING AT 40dB(A) AT 10Mtr. NO NIGHT RUNNING, AND 1no. AC UNIT TO SUPPLY CASH OFFICE AND IS 780x290x540mm HIGH CASH OFFICE AC UNIT. OPERATING AT 32dB(A) AT 10Mtr. STAINLESS STEEL 'SHEFFIELD' STYLE CYCLE STAND HOOPS MINIMUM 800mm CENTRES TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS REQUIRED AS PART OF TESCO ACQUIRED PLANNING CONSENT Proposed Side Elevation from Baguley Road BOUNDARY PERIMETER TO BE 1.8m HIGH CLOSE BOARDED TIMBER FENCE. FENCE TO BE PROVIDED AND INSTALLED BY TESCO APPOINTED CONTRACTOR AS PER DETAILED DRAWING 1000(SD)513 (STANDARD ACOUSTIC SPECIFICATION IN ACCORDANCE WITH ACOUSTIC ENGINEERS SPECIFICATION) STAINLESS STEEL RAM-RAID BOLLARDS TO BE SUPPLIED AND INSTALLED BY TESCO APPOINTED CONTRACTOR, CENTRES TO PROVIDE 1200MM CLEAR ACCESS WIDTH FOR DDA REQUIREMENTS AND NOT TO EXCEED 1400MM CENTRES FOR RAM RAID PROTECTION. 850mm x 710mm SATELLITE DISH (SOUTH FACING WITH A CLEAR LINE OF SIGHT) WITH ASSOCIATED SUPPORTING FRAME INSTALLED ON REAR WALL WITH ELBOW MOUNTED FIXTINGS. ALL IN ACCORDANCE WITH MANUFACTURER'S RECOMMENDATIONS AND SPECIFICATIONS. EXACT LOCATION AND CABLE ROUTE TO BE AGREED WITH LANDLORD/ DEVELOPER ON SITE. top of timber fence & gates top of timber fence & gates sales ac. sales ac. Condenser CAR PARK PAVEMENT Revision: PROPOSED UNIT ENTRANCE By Approved Office 7, Gateway 1000 Arlington Business Park Whittle Way Stevenage Hertfordshire SG1 2FP t: f: e: arc@archer.uk.com no. customer parking spaces (inc. 1no. disabled) oad Proposed Rear Elevation from Service Yard Client: Drawing Title: PROPOSED BUILDING TENANTS FIT OUT ELEVATIONS ct Drawn: du m Date: 1:100@A1 0m Scale: Checked: Ø9 Proposed Side Elevation from Norris Road THE PIPER NORRIS ROAD, SALE Existing Ground floor windows to be bricked up and rendered Project: TESCO EXPRESS Existing opening to be retained for staff room window. Secure bars RSC Project No: Drawing No: 3733 (L) 2 Revision: ESS TO BE EXISTING EGR RETAINED

6 Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition). The property has the following approximate gross internal areas: TESCO Sq M Sq F Ground Floor ,642 First Floor ,1 TOTAL ,663 Energy Performance Certificate An Energy Performance Certificate will be provided on completion of the tenants fit out works. Tenure Freehold.

7 Tesco Express, 313 Norris Road, Sale, Greater Manchester M33 2UN Tenancy The property is let Tesco Stores Limited for a term of 20 years with effect from 25 July 22. The tenant has an option to determine the lease at the expiry of the 10th year. The initial rent of 44,500 per annum is reviewed upwards only every 5 years in line with the RPI (All Items), collared and capped at 1% and 4%. Competition Analysis There are only 4 competing convenience stores within a 2 miles radius (10 minute off peak drive time). Spar 14 Moorcroft Road, Sale (0.5 miles) The Co-operative Food 1 Maple Road, Sale (1 mile) 4 Northended Road, Sale (1.5 mile) Tesco Metro Palatine Road, Northenden (1.8 miles) Tesco Express Investment

8 Tesco Express, 313 Norris Road, Sale, Greater Manchester M33 2UN Stores Limited reported a turnover of 40.15bn, a pre-tax profit of 2.24bn and a net worth of 6.95bn. Covenant Status Tesco Stores Limited (Company Number: ) has a Dun & Bradstreet rating of 5A1. For the year ended February 21, Tesco Stores Limited reported a turnover of 40.15bn, a pre-tax profit of 2.24bn and a net worth of 6.95bn. Further information is available at VAT VAT will be payable on the purchase price. It is anticipated that the sale will be dealt with as a transfer of a going concern. Proposal Our client is seeking offers in excess of 620,000 for their freehold interest. A purchase at this level reflects a 6.25% net initial yield, after deducting purchase costs at 5.8%. clear glazing clear glazing Signage

9 For further information or to arrange an inspection, please contact: Mark Powell Tel: Alex Haffner Tel: Christopher Dee 40 Peter Street Manchester M2 5GP MISREP: The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained here in is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. Christopher Dee nor any of its employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fulfilling its intended function. Prospective tenants/ purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Designed and Produced by Ask October 22.