FOR SALECAR SUPERMARKETRon Skinner & Sons 293 Penarth Road, Cardiff South Glamorgan, CF11 8TT

A4160 PENARTH ROAD

HADFIELD ROAD

<< A4232 & M4

Summary

•10,777sqft(1,001.2sqm)on0.5acres(0.2hectares)

•Passingrent£112,500p.a.(£10.43psf)

•Letona25-yearFRIleasefrom4thOctober1996(3.2yearsunexpiredterm)

•LocatedattheheartofCardiff’s“MotorAlley”

•LettoRonSkinner&Sons,“Wale’spremiercarsupermarket”(D&B:2A3Rating),onassignmentfromRybrookHoldingsLimited(D&B:4A1Rating)

Location

As the capital City of Wales, Cardiff is regarded as the country’s leading commercial area located approximately 45 miles West of Bristol and the Severn Bridge, and 41 miles East of Swansea. Positioned near to the coast, Cardiff is a popular tourist location and attracted 20.5 million visitors during 2015.

Cardiff has excellent road networks being just 15 minutes’ drive from four junctions of the M4 (Junctions 29-32). Rail Networks are also good with services from Cardiff Central providing intercity rail services to London Paddington twice an hour with a journey time of approximately 2 hours. Cardiff airport is located just 12 miles from the City Centre.

The property is located in a motor retail location opposite Honda, Maserati and Renault, it is located at the busy junction of Penarth Road and Hadfield Road. The premises benefit from excellent visibility from Penarth Road and are located approximately 2.1 miles South of Cardiff town centre.

Description

The property comprises 10,777 sq ft (1,001.2 sq m) on a 0.5-acre (0.20 hectares) site. The premises comprise a car showroom with workshop and car valeting building.

The showroom benefits from a suspended ceiling, glazed windows to the three external walls, and two vehicle entrance doors. With space for 26 vehicles. With offices and staff waiting area to the rear of the showroom. There are first floor offices and staff ancillary.

The workshop has an eaves height of 4.23 meters. This is currently being used as an extra showroom with direct access from the main showroom. There is also a wet valet bay adjacent to the showroom.

2016 2015 2014

Turnover £575,413,000 £432,403,000 £438,011,000

Profit / (Loss) before tax

£4,103,000 £15,449,000 £4,405,000

Tangible Net Worth

£19,769,000 £26,308,000 £14,394,000

Net Current Assets (Liabilities)

£8,542,000 £19,282,000 £6,511,000

Accommodation

The property comprises the following approximate gross internal area:

SQ FT SQ M

Showroom 4,231 393.06

Showroom Offices 647 60,08

Ancillary 348 32.36

Workshop 3,291 305.70

Parts 555 51.59

Workshop Ancillary 401 37.25

First floor

Offices 527 48.92

Parts Mezzanine 778 72.23

TOTAL GIA 10,777 1,001.18

Display Parking 13

Customer Parking 6

General Parking 6

TOTAL PARKING 25

The property sits on a site of 0.50 acres (0.20 hectares) and produces a site density of 49%.Tenancy

The property is let Ron Skinner & Sons Limited from 4th July 2018, on assignment from Rycliff Cars limited, with Rybrook Holdings Limited as guarantor, let for a term of 25 years from the 4th October 1996, expiring on 3rd October 2021 (3.2 years unexpired term), at a current passing rent of £112,500 p.a. The lease is subject to 5 yearly reviews with the last review being the 4th October 2016.

Rateable Value

We are advised that the property is assessed in the 2015 Valuation List as “Car Showroom & Premises”. Rateable Value £125,000.

Interested parties are advised to make their own enquiries to the local authority regarding the rates liability and any relief that may be available.

Tenure

Freehold.

EPC

D–78.

VAT

The property has been elected for VAT.

Covenant

Ron Skinner & Sons, is a family run business founded by Ron and Rachel Skinner in Tredegar, in June 1968, and have a purpose built used car superstore, located at Tafarnaubach Industrial Estate, Tafarnaubach, Tredegar, NP22 3AA, fronting the A465, 6 miles East of Merthy Tydfil. They also have a superstore in Neyland near Milford Haven. They stock a range of volume, mid-market and prestige brands. Some key brands are BMW, Audi, Mercedes, Jaguar and Land Rover.

Rybrook Holdings Limited acts as guarantor. The group was founded in 1937 by H Whale as Ryland Motors. In 1994 the group became a PLC under chairmanship of Peter Whale. After 9 years as a PLC, Peter led an MBO returning the Group to private ownership. Rybrook Holdings Limited was formed in 2006, currently representing franchises such as BMW, Jaguar, land Rover, Bentley, Rolls Royce, Mini, Volvo, Porsche and McLaren.

Rybrook Holding Limited has a D&B rating of 4A1 meaning it “represents a minimum risk of business failure”. (May 2018)

Rybrook Holdings Limited

Ron Skinner & Sons Limited

2016 2015 2014

Turnover £40,789,116 £35,754,078 £36,568,401

Profit / (Loss) before tax

£442,069 £436,399 £329,782

Tangible Net Worth

£2,600,061 £2,339,914 £2,472,149

Net Current Assets (Liabilities)

(£934,129) (£209,764) (£471,932)

Further InformationViewing strictly by prior arrangement. For further information please contact:

BILL BEXSON

DD: 0203 588 7200 M: 07831 827 442 E: bbexson@automotive-property.com

EDDIE HIGHNAM

M: 07733 535 952 E: ehighnam@automotive-property.com0203 588 7200

TO SWANSEA

TO M4, NEWPORT& BRISTOL

TO NEWPORT& BRISTOL

CARDIFF

A4161 LANSDOWNE RD A4161

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4161

SLOPER RD

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A4232

FERRY RD

A4232

A48

A48

A48

A48

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A4232

A470 NORTHERN AVE

A4232

A4232 GR

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OWN LINK

A423

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M4

A48M

HADFIELD RD

A416

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A4160

32

33

NINIAN PARK

GRANGETOWN

CARDIFF BAY

A4232 GRANGETOWN LINK

B4267

HADFIELD RD HADFIELD RD FLEET WAY

SLOPER RD

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A416

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CARDIFF CITYFOOTBALL CLUB

CAPITALSHOPPINGPARK

TO M4 J33

IMPORTANT NOTICEAutomotive Property Consultancy for themselves and for the Vendors of this property whose agents they are, give notice that:

(1) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract.

(2) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each item.

(3) no person in the employment of Automotive Property Consultancy has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor enter into any contract relating to the property on behalf of Automotive Property Consultancy nor any contract on behalf of the vendor.

(4) no responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn. AUGUST 2018

Proposal

We have been instructed to seek offers of £1,330,000 (One Million Three Hundred and Thirty Thousand Pounds) for our Client’s Freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects an initial yield of 8.0% (assuming costs at 6.8%).

293 Penarth Road, Cardiff South Glamorgan, CF11 8TT