Highly Secure Trade Counter / Industrial Investment

Jewson | 3 Rosebridge Way | Wigan | WN1 3DG


subject to contract



  • Let to Jewson Limited – Total Assets £175m

  • New lease from November 2017

  • New lease at increased rent to previous rent paid

  • Jewson been in occupation since 1996

  • Offers in the region of £1,320,000, subject to contract

  • 7.0% net initial yield

  • To be sold by clicktopurchase® best offers by 11.00am Friday 15th December 2017, unless sold prior

Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG


Wigan is a town within Greater Manchester, located approximately 322 km (200 miles) north west of London, 35 km (22 miles) north west of Manchester, 21 km (13 miles) north of Warrington and 32 km (20 miles) north east of Liverpool.

The town benefits from good road communications being situated approximately 5 km (3 miles) east of the M6 (Junction 26) / M58 (Junction 6) intersection. Junction 5 of the M61 Motorway is approximately 8 km (5 miles) to the east. In addition, the A580 is approximately 11 km (7 miles) to the south and provides direct access to both Liverpool and Manchester.

The town is connected to the national railway network with a fastest journey time to London Euston of 1 hour 55 minutes. Manchester Airport is approximately 40 km (25 miles) to the south east and Liverpool John Lennon Airport approximately 32 km (20 miles) to the south west.

Wigan Borough has a population of approximately 321,000 people. There are currently over 9,000 businesses in the borough supporting nearly 120,000 jobs. Major employers include Heinz, Wincantons, AB World Foods, Hovie, Tesco and ASDA (Source: Wigan Council).


The subject property is found on a main arterial route into Wigan town centre at the junction of Rosebridge Way and the A577 Manchester Road approximately 1.6 km (1 mile) west of Wigan town centre and 9.5 km (6 miles) to the east of Junction 5 of the M61 Motorway.

Rosebridge Way has benefitted from a new trade counter development known as Wigan Trade Park which provides approximately 1,625 sq m (17,500 sq ft) over 5 units ranging from 278.7 sq m (3,000 sq ft) to 371.6 sq m (4,000 sq ft) each. We understand that the rents achieved are in the order of £78.50 per sq m (£7.50 per sq ft).

Other occupiers on Rosebridge Way include Bromborough Paints, Middleton & Wood, A-Tec Systems and Rosebridge Court which is a multi-let industrial estate.

Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG
Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG


The property comprises a purpose-built stand-alone detached trade counter warehouse unit of steel portal frame construction, with brick / clad elevations and a metal deck pitched roof. The property benefits from a large service yard / car parking enclosure. The property has a minimum eaves height of 6.17m and a maximum of 8.58m plus 3 level access doors.

The property is operated as a Builders Merchants and the property has been fitted out as such by the tenant in their corporate style.


The property has been measured by BKR Floor Plans and provides the following gross internal floor areas;

          Sq M      Sq Ft
Ground Floor Warehouse    1,178.44     12,865
Ground Floor Showroom       441.74       4,755
Total     1,620.18    17,440
Mezzanine*         456.42       4,913

Mezzanine* is a tenants improvement.

A set of floor plans is available to download and the measured survey report can be addressed to the purchaser on completion.

Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG
Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG


An Environmental Phase 1 Report has been carried out by WSP UK Limited in December 2017 concluding the site represents a low/medium risk to contamination. A copy of the report is available and can be addressed to a purchaser on completion.

Rateable Value

The current rateable value for the property is £101,000.

For more information click here.

The Uniform Business Rate is 47.9 pence per pound for 2017/2018.

Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG
Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG


We estimate the site area to be approximately 0.78 hectares (1.9 acres) providing a site cover in the order of 21%.



Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG
Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG


The tenant has been occupation of the property since December 1996 and on 23rd November 2017 Jewson Limited entered into a new Full Repairing and Insuring lease for a term of 10 years from and including this date expiring on 22nd November 2027 at a rent of £98,000 per annum (£60.48 per sq m / £5.62 per sq ft). The rent under the previous lease was £92,500 per annum.

The lease is contracted within the protection of the Landlord & Tenant Act 1954 and benefits from an upwards only rent review on the 5th anniversary of the term. In addition, the tenant has the right to terminate the lease on the 5th anniversary subject to 6 months’ prior written notice and 3 months’ rent free was agreed from commencement of the new lease to be taken as 6 months’ half rent which the vendor will top-up on completion.


The tenant, Jewson Limited (Co. No. 348407), has reported the following figures;

   31st December 2016   31st December 2015
Turnover            £1,906,237,000             £1,861,360,000
Pre-Tax Profit            £    24,127,000             £     23,579,000
Total Assets            £   174,770,000             £   156,948,000

The first Jewson branch opened in 1836 and today there are over 500 Jewson’s across the country making it one of the United Kingdom’s leading supplier of sustainable timber and building materials. Jewson is a Saint Gobain brand, being part of one of the largest construction businesses in the world. For further information please visit www.jewson.co.uk.

Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG
Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG


The Seller is registered for VAT and has opted to tax. Therefore, it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).


We are instructed to seek offers in the region of £1,320,000 (One Million, Three Hundred and Twenty Thousand Pounds), subject to contract, reflecting a net initial yield of 7.0%, assuming standard purchasers' costs of 5.7% and a capital value of £814 per sq m / £75.68 per sq ft.

Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG
Jewson | | 3 Rosebridge Way | |  | Wigan | | WN1 3DG

Investment Considerations

  1. An opportunity to acquire a trade counter / industrial investment;

  2. The property is let to Jewson Limited (Total Assets £175m) who have been in occupation of the property for more than 20 years;

  3. The tenant has entered into a new lease demonstrating their desire to remain in occupation of the property at an increased rent to the previous passing rent being paid;

  4. The property is situated in an established location;

  5. The investment provides highly secure income to the United Kingdom’s leading chain of builders merchants;

  6. A purchase at the asking price would provide an investor with an attractive net initial yield.

Contact Us

Singer Vielle  +44 (0) 207 935 7200
Neil Singer neil@singervielle.co.uk +44 (0) 203 478 9120
Dale Henry dale@singervielle.co.uk +44 (0) 203 701 1356
Richard Wolfryd richard@singervielle.co.uk +44 (0) 203 701 1353
Faye Langoulant faye@singervielle.co.uk +44 (0) 203 478 9122
Louanne Malan louanne@singervielle.co.uk +44 (0) 203 701 1386

Vendors Solicitor

Eversheds Sutherland +44 (0) 113 200 4717
Claire Burns ClaireBurns@eversheds-sutherland.com
Katie Anderson KatieAnderson@eversheds-sutherland.com