THE CHROME - WordPress.com · 2012-02-07 · 29. 15/16 Market Square & 18/20 Drapery, Northampton...

THE CHROMEPORTFOLIOCentral and Greater London

1. 29 Charles Street, London2. 55 Fulham Broadway, London 3. 58 & 59 Myddleton Square, London 4. 69-76 Long Acre, London 5. 98 St Johns Wood Terrace, London6. Maryland Point, Leytonstone Road/Forest Lane, Stratford7. Davis House, Bridge Place, Victoria, London8. 1-9 Ingle Mews, Islington, London9. 93 Burleigh Gardens, Southgate, London 10. 117-150 Hepworth Court, Grosvenor Waterside, London11. 15 Grove Vale, East Dulwich, London12. 90 Chesterton Road, North Kensington, London 13. 3 Barwell Crescent, Biggin Hill, Kent 14. Katherine Place Shopping Centre, Abbots Langley,

Hertfordshire15. 133 High Street, Bromley16. 124, 134, 138, 178, 188 & 190 Walton Road, East Molesey17. 23 North Street, Romford18. Homestead Road Car Park, Rickmansworth, Hertfordshire

UK

19. Midsummer Place, Solstice Park, Amesbury20. Unit 1 Victoria Plaza, Oxford Street, Bolton21. Morrisons, Clevedon, Bristol22. The Triangle Centre, Clevedon, Bristol23. Gatehouse Lane, Burgess Hill24. 26 Silver Street, Bury25. 24 High Street, Deal26. 58-68 Channel Street, Galashiels27. Bolnore Village, Haywards Heath28. 30-34 King Street, Kilmarnock29. 15/16 Market Square & 18/20 Drapery, Northampton30. 33 Effingham Street, Rotherham31. 31 Effingham Street, Rotherham32. 18/19 Market Place, Rugby33. Eastern Avenue, Shoreham-by-Sea34. 1-5 Winchester Road, The Mall, Chandlers Ford, Southampton35. Rangers Court, Ocean Village, Admirals Quay, Southampton36. Abbey Meads Village Centre, Elstree Way, Swindon37. 32-46 Fretherne Road, Welwyn Garden City38. Neighbourhood Centre, Silva Island Way, Salcott Crescent, Wickford

THE CHROMEPORTFOLIOThe Opportunity

The chrome portfolio offers a unique opportunity to acquire a strategically assembled portfolio of assets which combines both a secure and diversified income stream with significant opportunities to add value.

• The portfolio comprises 38 assets generating a gross income of £6,435,080 million per annum.

• The portfolio comprises predominantly national covenants and weighted towards the retail and Central London residential sectors.

• There are significant opportunities to add income and capital value through active asset management / redevelopment over the short to medium term.

The assets are for sale as one portfolio – no break up will be considered.

The Combined Portfolio offers

• 38 assets.

• UK wide portfolio of assets.

• 226 tenancies.

• 86 Assured Shorthold Tenancies.

• Total area 324,693 sq ft (30,165 sq m).

• The commercial element of the portfolio provides a current gross income of £4,116,590.

• The residential element of the portfolio provides a current gross income of £2,318,490.

THE UK

GreaterLondon

18 properties

Bolnore Village, Haywards Heath

30-34 King Street, Kilmarmock

58-68 Channel Street, Galashiels

31 Effingham Street, Rotherham

Unit 12, The Old Town Hall, Rotherham

26 Silver Street, Bury

Unit 1 Victoria Plaza, Oxford Street, Bolton

18/19 Market Place, Rugby

15/16 Market Square and 18/20 Drapery, Northampton

32-46 Fretherne Road, Welwyn Garden City

Neighbourhood Centre, Silva Island Way, Salcott Crescent, Wickford

24 High Street, Deal

Gatehouse Lane, Burgess Hill

The Mall, Chandler’s Ford, Southampton

Abbey Meads Village Centre, Elstree Way, Swindon

The Triangle Centre, Clevedon, Bristol

Morrisons, Clevedon, Bristol

Rangers Court, Ocean Village, Admirals Quay, Southampton

Mid Summer Place, Solstice Park, Amesbury

Eastern Avenue, Shoreham by Sea

CENTRAL & GREATER

LONDON

M25

M25

M25

M25

M4

M11

M1

M3

M40

M25

M20

M23

124-138 Walton Road, East Molesey

133 High Street, Bromley

3 Barwell Crescent, Biggin Hill

15 Grove Vale, East Dulwich

55 Fulham Broadway

23 North Street, Romford

Retail Parade, Leytonstone Road, Stratford

Acre House, 69-76 Long Acre

117-150 Hepworth Court, Grosvenor Waterside

29 Charles Street, Mayfair

Davis House, Bridge Place, Victoria

58 & 59 Myddelton Square

98 St Johns Wood Terrace

Ingle Mews, Islington

93 Burleigh Gardens

Homestead Road Car Park, Rickmansworth

Katherine Place Shopping Centre, Abbots Langley

90 Chesterton Road

Property Type By Current Income

Retail £3,562,015 55.35%

Office £450,725 7.00%

Residential £2,318,490 36.03%

Other £103,850 1.61%

Vacancy By Floor Area

Occupied 301,847 sq ft 92.96%

Vacant 22,846 sq ft 7.04%

Income by Region

London £3,309,214 51.42%

South East £1,625,354 25.26%

South West £927,177 14.41%

Midlands £115,000 1.79%

North £249,752 3.88%

Scotland £208,583 3.24%

Property Type By Floor Area

Retail 213,587 sq ft 65.78%

Office 41,309 sq ft 12.72%

Residential 69,797 sq ft 21.50%

� Retail� Office� Residential� Other

� Occupied� Vacant

� London� South East� South West� Midlands� North� Scotland

� Retail� Office� Residential

Portfolio Analysis - Commercial & Residential

Income Profile by Covenant

National £3,208,335 77.94%

Local £908,255 22.06%

Income Expiry Profile (No Breaks)

Holding Over £170,057 4.13%

0 yrs to 5 yrs £1,044,297 25.37%

5 yrs to 10 yrs £1,923,522 46.73%

10 yrs to 15 yrs £410,199 9.96%

15 yrs + £568,514 13.81%

Average Weighted Unexpired Term

9.72 years

Income Expiry Profile (Breaks)

Holding Over £170,057 4.13%

0 yrs to 5 yrs £1,430,144 34.74%

5 yrs to 10 yrs £1,873,930 45.52%

10 yrs to 15 yrs £390,200 9.48%

15 yrs + £252,259 6.13%

Average Weighted Unexpired Term

8.40 years

� National� Local

� Holding Over� 0-5 yrs� 5-10 yrs� 10-15 yrs� 15 yrs +

� Holding Over� 0-5 yrs� 5-10 yrs� 10-15 yrs� 15 yrs +

Commercial Income Analysis

Tenancy Information

A full schedule of areas and tenancy information is available upon request.

Capital Allowances

Any unclaimed allowances will flow to the purchaser.

VAT

The VAT election status on each property can be provided upon request.

CONTACT

Nick HartHead of Retail InvestmentNational Director+44 (0) 20 7409 [email protected]

Darren ArnoldLondon Residential Investment & DevelopmentNational Director+44 (0) 20 7409 [email protected]

Peter Cooper-ParryHead of Portfolio InvestmentNational Director+44 (0) 207 409 [email protected]

Luke Winstanley+44 (0) 20 7409 [email protected]

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Commercial Marketing: 020 7499 8644

October 2011

savills.co.uk

29 Charles Street, Mayfair, W1J 5DT

Property 1

Location Located in the heart of the West End, the area benefits from excellent transport links being close to Green Park Underground Station. The property is located on the south side of Charles Street between Chesterfield Street and Queen Street, north of Curzon Street, in a prestigious office and residential area.

Description The property is a Grade II listed former townhouse comprising 5 storeys above basement level. The property has dual usage with basement through to the second floor serving as office space and third and fourth floors providing ancillary residential space. There is potential to revert the building back to a single dwelling house subject to the necessary consents.

Tenure Freehold.

Tenancy Information The pertinent tenancy details are as follows:-

Tenant Lease Start Date

Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa) Current Rent

(£psf) ERV (£pa)

Stella Advisors UK Ltd 01-Mar-10 28-Feb-15 - £63,798 £84.50 £63,800 Stella Advisors UK Ltd 01-Nov-10 28-Feb-15 - £34,485 £55.09 £34,500 GHUK - - - £0 - £16,300 TOTAL £98,283 £114,600

Investment Considerations

• Freehold

• Prime Mayfair location

• Important office/residential location

• Potential to convert to residential

(subject to planning)

• Producing £114,600 per annum

savills.co.uk

29 Charles Street, Mayfair, W1J 5DT

Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2011. Not to Scale - For Identification Purposes Only.

savills.co.uk

55 Fulham Broadway, London, SW6 1AE

Property 2

Location The property is located on the north side of Fulham Broadway (A304) at its junction with Harwood Road. Fulham Broadway station is immediately to the east of the property and provides District Line underground services. Fulham is a fashionable and densely populated suburb situated 4 miles south west of Central London. Multiple bus services direct to Central London are provided from Fulham Broadway.

Description

The property is arranged on basement, ground and three upper floors. The retail unit is let to Foxtons on a 15 year lease with a current passing rent of £115,000 per annum. The balance of the investment comprises a total of 6 x 1 bed residential units (all with terrace or balcony) above the ground floor retail unit. The combined residential gross internal area is circa 243 sq m (2,616 sq ft). All of the units are currently let on Assured Shorthold Tenancies and are producing a total gross rental income of £98,280. All the flats have separate access from Fulham Broadway. Tenure

The property is a single unbroken block held on a freehold interest.

Commercial Tenancy Information The pertinent tenancy details are as follows:-

Tenant Lease Start Date Lease Expiry Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf) ERV (£pa)

Foxtons Ltd 29-Sep-06 28-Sep-21 29-Sep-11 £115,000 £120.09 £95,000 TOTAL £115,000 £95,000


• Freehold

• Well established Central London

residential and retail market

• 6 apartments and 1 commercial unit

• Strong residential capital growth

forecasts


savills.co.uk

55 Fulham Broadway, London, SW6 1AE

Residential Tenancy Information The pertinent residential tenancy details are as follows:-

Unit Bed Sq Ft Let / Vacant Total

Annual Income

AST Start Date

AST Break Date

AST Expiry Date

1 One 449 LET £16,380 01-July-11 30-Sept-11 30-Jun-12 2 One 388 LET £16,380 02-Aug-11 01-Feb-12 01-Aug-12 3 One 450 LET £16,380 29-Aug-11 28-Feb-12 28-Aug-12 4 One 383 LET £15,860 04-Oct-11 03-Apr-12 03-Oct-12 5 One 415 LET £16,380 16-Oct-11 15-Apr-12 15-Oct-12 6 One 531 LET £16,900 24-Feb-11 - 23-Feb-13

TOTAL 2,616 £98,280

Reproduced by permission of Experian Goad - licence no. PU100017316. Not to Scale - For Identification Purposes Only.

savills.co.uk

58 & 59 Myddelton Square, London EC1R 1TB

Property 3

Location Myddelton Square is located to the south of Pentonville Road on the borders of Clerkenwell and Islington. Angel station (Northern Line) is located approximately 230 metres to the north east, whilst King Cross is roughly 1 kilometre to the north west and provides Northern, Piccadilly, Circle, Metropolitan, Hammersmith & City and Victoria Line underground services and national and international rail services. The A1 is circa 350 metres to the north east of the property and provides a direct link to both the North Circular (A406) and the M1.

Description

The investment comprises two occupied offices with a combined gross internal area of approximately 717 sq m (7,718 sq ft) and a total gross annual rent of £113,468. The property was granted planning and listed building consent by the London Borough of Islington on 3rd August 2011 (ref: P111171 / P11172) for change of use to residential and minor rear extensions. The scheme will deliver two single townhouses with a combined gross internal area of approximately 752 sq m (8,094 sq ft). Both properties back onto Ingle Mews which is included within the sale portfolio. Parking for 10 cars is available to the rear of the properties, accessed via Ingle Mews.

Tenure Freehold. Tenancy Information The pertinent tenancy details are as follows:-


Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Rent (£psf)

ERV (£pa)

First Security (Guards) Plc 25-Dec-89 24-Dec-12 - £66,248 £20.70 £66,248 First Security (Guards) Plc 19-Feb-92 24-Dec-12 - £47,220 £20.93 £47,220

TOTAL £113,468 £113,468


• Freehold

• Central London location

• Commercial investment with the benefit

of planning permission for conversion

to 2 residential houses

• Strong residential market and growth

prospects


savills.co.uk

58 & 59 Myddelton Square, London EC1R 1TB


savills.co.uk

Acre House, 69-76 Long Acre, London, WC2E 9JS

Property 4

Location The property is located in Covent Garden, Central London. This prominently positioned development is located on Long Acre, the main retailing street in the Covent Garden situated between the Drury Lane and Bow Street junctions. There are excellent road communications in the local area with Kingsway (A301), the Strand (A4), and Charing Cross Road all in close proximity.

Description Acre House is a new development behind an existing facade which is nearing practical completion. The property is arranged over 4 floors with retail prime retail units on the ground and basement and the space above redeveloped to include 11 luxury apartments and penthouses. Planning permission was granted by City of Westminster on 3rd July 2008 (Ref: 08/01165/FULL) for the subdivision of the existing retail unit to provide 4 new units and the conversion and extension of the upper floors to deliver 11 new residential units (2x1 bed, 6x2 bed, 3x3 bed) with a combined gross internal area of approximately 1,409 sq m (15,169 sq ft). The majority of the works have been undertaken and the completion of the development is imminent. The development has been completed to a high specification. Nearby occupiers include Caffe Nero, The Freemasons Arms Public House, and Patisserie Valerie.

Tenure Freehold



• Freehold

• New development behind existing facade

• Central London location

• One of London’s leading retail pitches

• Highly prominent location

• Well secured mixed retail and residential

building


savills.co.uk


Commercial


Lease Expiry

Rent Review Date

Current Gross Rent

(£pa)

Current Zone A


Vacant - - - £0 - £78,500 Mascolo Limited 25-Dec-11 24-Dec-21 25-Dec-16 £66,500 £162.59 £67,900

Sugar Sin 14-Oct-11 13-Oct-21 14-Oct-16 £65,000 £164.14 £66,200 Machiavelli Limited 27-Jan-11 26-Jan-21 27-Jan-16 £140,000 £169.70 £140,000

TOTAL £271,500 £352,600 Residential

Unit Bed Sq Ft Let / Vacant

Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

101 2 646 Vacant - - - - 102 2 621 Vacant - - - - 103 1 422 Vacant - - - - 104 2 634 Vacant - - - - 201 2 646 Vacant - - - - 202 2 621 Vacant - - - - 203 1 422 Vacant - - - - 204 2 634 Vacant - - - - 301 3 1,773 Vacant - - - - 302 2 1,400 Vacant - - - - 303 3 1,841 Vacant - - - -

TOTAL 15,169 -

savills.co.uk



savills.co.uk

98 St Johns Wood Terrace, London, NW8 6PL

Property 5

Location The property occupies a prominent corner position at the junction of St. Johns Wood Terrace and Aquila Street in St Johns Wood, a prime Central London location and one of London’s most prestigious residential areas. St Johns Wood Terrace runs between Wellington Road to the west and Townshend Road to the north east. St Johns Wood station is approximately 250 metres to the west of the property and provides Jubilee Line services direct to London’s West End. Regents Park, which is roughly 400 metres to the south east of the property, provides over 400 acres of public parkland.

Description

The property is arranged on basement, ground and two upper floors to provide a retail unit and self contained office to the rear. In both instances the basement provides storage and staff facilities. The investment comprises a ground floor commercial unit with a 1 bedroom maisonette above. The apartment benefits from its own entrance from Aquila Street. The apartment is currently let on an Assured Shorthold Tenancy at an annual rent of £20,800. The commercial unit is let to Foxtons on a 15 year lease with a passing rent of £95,000. Tenure Freehold


• Freehold

• Prime Central London location

• Commercial unit with a single bedroom

maisonette above

• Strong residential capital value growth

forecasts

• Producing combined income of £115,800

per annum

savills.co.uk


Commercial Tenancy Information The pertinent tenancy details are as follows:-

Tenant Lease Start Date Lease Expiry Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

Foxtons Ltd 29-Sep-06 28-Sep-21 29-Sep-10 £95,000 £132.65 £95,000 TOTAL £95,000 £95,000

Residential Tenancy Information The pertinent tenancy details are as follows:-

Unit Bed Sq Ft Let / Vacant Total

Annual Income

AST Start Date

AST Expiry Date

1 One 550 LET £20,800 04-Oct-08 03-Oct-10 TOTAL 550 £20,800

savills.co.uk



savills.co.uk

Maryland Point, Leytonstone Road/Forest Lane, Stratford, E15 1JA

Property 6

Location The property is located in Stratford, East London, which forms part of the London Borough of Newham. The area benefits from good transport communications with the parade located close to the A11 which links Stratford with the City of London. The property is also located in close proximity to Maryland Rail Station.

Description The property comprises 2 separate retail parades and a suite of offices. The first parade is arranged over ground floor only providing 6 shops and a suite of offices and 3 car parking spaces to the rear. The second parade comprises 4 retail units arranged on ground floor only.

Tenure Long leasehold: - 999 years from 9th December 2004 (Units 1a, 2a, 3a, 4a, 5a, 6a, 7a). - 999 years from 23rd March 2005 (Units 1b, 2b, 3b, 4b).


• Long Leasehold

• Strong secondary trading location in

Greater London

• Located in a prominent position


savills.co.uk



Unit Tenant Lease Start Date

Lease Expiry

Rent Review Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

1a Spicerhaart Ltd 05-Jan-05 04-Jan-15 05-Jan-10 £16,750 £32.78 £16,750

2a Cameron Adams Ltd 20-Jun-11 19-Jun-24 20-Jun-16 £15,500 £31.76 £12,105

3a P Amah 10-Jul-05 09-Jul-15 10-Jul-10 £14,700 £25.04 £14,700 4a Samina Ayub/Alifan 20-Dec-04 19-Dec-14 20-Dec-09 £20,000 £21.07 £20,000 5a S Yaseen 17-Dec-04 16-Dec-19 17-Dec-09 £12,500 £22.69 £12,500

6a Furqan Ahmed Hajee 27-Sep-10 26-Sep-20 27-Sep-15 £15,500 £24.60 £15,500

7a Transitional Care 21-Feb-05 20-Feb-15 - £40,000 £17.01 £40,000 1b Goldensurf Limited 28-Feb-11 27-Feb-14 - £13,500 £26.84 £13,500

2b Lebedwas & Lebedeviene 15-Apr-05 14-Apr-15 15-Apr-10 £15,500 £28.08 £15,500

3b Mobinmunir & Sarmitifzal 03-Jun-05 02-Jun-15 03-Jun-10 £13,000 £23.05 £13,000

4b Done Brothers 01-Apr-05 31-Mar-20 01-Apr-10 £20,000 £23.07 £20,000 TOTAL £196,950 £193,555

savills.co.uk



savills.co.uk

Davis House, Bridge Place, Victoria, London, SW1V 1AF

Property 7

Location Davis House is located on the north side of Bridge Place, immediately to the south of Victoria Station. The property benefits from excellent transport links with Victoria Station providing Circle, District and Victoria line underground services and mainline rail services. Buckingham Palace, St. James Park and Green Park are all a short walk to the north of the property.

Description Davis House was developed by Terrace Hill and completed in March 2008. The investment comprises a total of 26 residential units (7 x 1 beds, 11 x 2 beds, 8 x 3 beds) on 4th to 12th floors, with a total combined gross internal area of circa 1,861.7 sq m (20,039 sq ft). All of the units are currently let on Assured Shorthold Tenancies and are producing a total gross rental income of £782,881. In addition, there are 18 underground car parking spaces.

Tenure Long leasehold - Each of the individual units are held on 999 year leases commencing on 27th February 2008, there are no ground rents payable.


• 26 apartments in Prime Central London

• Very strong transport links with Victoria

station located immediately to the north

• Strong capital growth forecasts

• Producing £782,881 per annum gross

rental income

savills.co.uk




Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

Service Charge

402 1 548 Let £25,324 07-Mar-11 07-Jul-11 06-Mar-12 2,436.72 404 2 691 Let £28,600 05-Sep-11 - 04-Sep-12 3,073.46 501 1 535 Let £22,880 27-Nov-10 27-May-11 26-Nov-11 2,379.32 502 1 548 Let £25,584 07-Mar-11 07-May-11 06-Mar-12 2,436.72 503 2 720 Let £27,560 03-Aug-11 02-Feb-12 02-Aug-12 3,202.72 504 2 691 Let £28,600 30-Jun-11 30-Aug-11 29-Mar-12 3,073.46 601 1 535 Let £22,100 12-Jul-11 - 11-Jul-12 2,379.32 602 1 548 Let £21,580 11-Jul-11 10-Sep-11 10-Jul-12 2,436.72 603 2 720 Let £23,400 18-Feb-11 17-Mar-11 17-Feb-12 3,202.72 604 2 691 Let £29,120 25-Nov-10 25-May-11 24-Nov-11 3,073.46 701 1 535 Let £26,104 09-Jan-11 09-Feb-11 08-Jan-12 2,379.32 702 1 548 Let £24,440 06-May-11 - 05-May-12 2,436.72 703 2 720 Let £29,973 26-Mar-11 26-Apr-11 25-Mar-12 3,202.72 704 2 691 Let £27,300 21-Jun-11 - 20-Jun-12 3,073.46 801 2 870 Let £33,800 22-Feb-11 22-Mar-11 21-Feb-12 3,868.16 802 3 964 Let £33,800 06-Jul-11 06-Jan-12 05-Jul-12 4,289.40 803 2 693 Let £30,160 22-Mar-11 22-Apr-11 21-Mar-12 3,083.02 901 2 870 Let £29,016 21-Jun-11 - 20-Jun-12 3,868.16 902 3 964 Let £36,400 31-Oct-10 30-Oct-11 4,289.40 903 2 693 Let £30,160 01-Sep-11 - 30-Nov-11 3,083.02 1001 3 1155 Let £38,220 24-Oct-10 24-Apr-11 23-Oct-11 5,136.76 1002 3 933 Let £39,000 22-Jul-11 21-Jan-12 21-Jul-12 4,150.60 1101 3 1155 Let £37,180 12-Feb-11 - 11-Feb-12 5,137.68 1102 3 933 Let £37,960 11-Apr-11 11-Jun-11 10-Apr-12 4,150.60 1201 3 1155 Let £38,220 16-Apr-11 15-Oct-11 05-Apr-12 5,137.68 1202 3 933 Let £36,400 01-Sep-11 29-Feb-12 30-Aug-12 4,150.60

TOTAL 20,039 £782,881 £89,132

savills.co.uk



savills.co.uk


(Source: Google Maps) Not to scale, for indicative purposes only.

savills.co.uk

1-9 Ingle Mews, Islington, London, EC1R 1XG

Property 8

Location Ingle Mews is located to the south of Pentonville Road on the borders of Clerkenwell and Islington. Angel station (Northern Line) is located approximately 230 metres to the north east of the property, whilst King Cross is roughly 1 kilometre to the north west and provides Northern, Piccadilly, Circle, Metropolitan, Hammersmith & City and Victoria Line underground services and national and international rail services. The A1 is circa 350 metres to the north east of the property and provides a direct link to both the North Circular (A406) and the M1.

Description

The investment comprises a total of 9 residential units (2 x 2 bed flats, 7 x 2 bed houses) with a total combined gross internal area of circa 637 sq m (6,857 sq ft). All of the units are currently let on Assured Shorthold Tenancies and are producing a total gross rental income of £275,600. In addition, Ingle Mews benefits from 6 single car garages. The scheme was developed in 2006/2007 by Gannon Homes, having been granted planning permission by the London Borough of Islington in 2005. Access to the parking of 58/59 Myddleton Square (included in the sale) is via Ingle Mews.

Tenure Freehold.


• Freehold

• 9 residential units in prime North London

• Excellent transport links

• Mix of houses and flats in a gated

development



rental income

savills.co.uk

1-9 Ingle Mews, Islington, London, EC1R 1XG



Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

Service Charge

1 2 H 786 LET £32,760 01-Sep-11 29-Feb-12 31-Aug-12 1,074.30 2 2 H 732 LET £29,640 07-Dec-10 - 06-Dec-11 1,096.00 3 2 H 732 LET £31,200 01-Nov-10 - 31-Oct-11 1,471.46 4 2 H 753 LET £31,980 30-Jun-11 29-Dec-11 29-Jun-12 1,074.30 5 2 H 786 LET £33,800 31-May-11 28-Feb-12 30-May-12 1,096.00 6 2 H 786 LET £27,300 23-Aug-11 22-Feb-12 22-Aug-12 1,471.46 7 2 A 721 LET £28,600 27-Apr-11 27-Oct-11 26-Apr-12 1,119.88 8 2 H 786 LET £31,720 15-Jan-11 14-Jan-12 14-Jul-12 1,493.16 9 2 A 775 LET £28,600 21-Mar-11 21-Mar-12 20-Mar-13 1,751.44

TOTAL 6,857 £275,600 11,648.00


savills.co.uk

93 Burleigh Gardens, Southgate London, N14 5AQ

Property 9

Location The property is located in Southgate, a suburb of North London. The area benefits from good transport communications with the Southgate Circus Roundabout and Underground Station (Piccadilly Line) located approximately 200 metres away to the north east.

Description An office building arranged over ground and 3 upper floors in Southgate, North London. The premises provides 47 car parking spaces arranged over a 0.5 acre site. The office facilities include a lift to all floors, reception area, WC’s and double glazing. The site holds significant redevelopment potential for a residentially led mixed use scheme (subject to planning).



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

London School Of Technology 06-Apr-10 05-Apr-20 06-Apr-15 £122,724 £7.00 £262,980 TOTAL £122,724 £262,980


• Freehold

• Suburban London location

• Located in a prominent location

• Excellent asset enhancement /

development opportunity


savills.co.uk

93 Burleigh Gardens, Southgate London, N14 5AQ



,

savills.co.uk

117-150 Hepworth Court, Grosvenor Waterside, Chelsea, London, SW1W 8QP

Property 10

Location Hepworth Court is part of the Grosvenor Waterside development, which is located on the border of Chelsea and Pimlico to the north of Grosvenor Road (A3212). The future Chelsea Barracks development is located circa 150 metres to the north. Sloane Square (Circle and District Lines), Pimlico (Victoria Line) and Victoria (Circle, District and Victoria Lines and National Rail) stations are all within easy walking distance. The King’s Road, approximately 850 metres to the north west of the property, provides extensive shopping and leisure facilities, while Battersea Park opposite the property on the south side of the River Thames offers roughly 200 acres of public parkland.

Description The investment comprises a total of 34 residential units (2 x studios, 17 x 1 beds, 10 x 2 beds, 5 x 3 beds) with a total combined gross internal area of circa 2,085 sq m (22,443 sq ft). These units form 1 core (excluding the penthouse) of the block which was built in 2005. All of the units are currently let on Assured Shorthold Tenancies with the exception of Unit 143 (2 bed) and are producing a total gross rental income of £962,052. In addition to the apartments, 34 underground parking spaces are included in the sale.

Tenure

Long leasehold - Each of the units is held on a 99 year lease commencing 1st January 2003.


• Long leasehold

• Prime Central London location

• 34 apartments in a well established

luxury residential development scheme



rental income

,

savills.co.uk




Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

Service Charge

Ground Rent

117 Studio 411 Let £19,240 01-Mar-11 29-Feb-12 31-Aug-11 2,792.02 400.00 118 One 602 Let £28,600 01-Oct-11 31-Mar-12 30-Sept-12 3,842.80 650.00 119 One 602 Let £27,560 19-Sept-09 - 17-Sept-10 3,842.80 650.00 120 Studio 411 Let £19,760 08-July-11 08-Jan-12 07-Jul-12 2,784.82 400.00 121 One 537 Let £26,000 27-Jun-11 26-Dec-11 26-Jun-12 3,484.12 650.00 122 One 537 Let £25,220 28-May-11 27-Jul-11 27-May-12 4,201.44 650.00

123 Two /Three 1031 Let £43,160 09-Jul-11 08-Jan-12 08-Jul-12 6,201.44 1000.00

124 One 486 Let £27,560 26-Aug-11 25-Dec-11 25-Dec-11 3,203.32 650.00 125 Two 694 Let £31,980 11-Jun-11 11-Jul-11 10-Jun-12 4,346.86 850.00 126 Two 714 Let £32,760 12-May-11 11-Nov-11 11-May-12 4,459.74 850.00 127 One 537 Let £28,600 08-Oct-11 07-Apr-12 07-Oct-12 3,484.12 650.00 128 One 660 Let £23,400 26-Jul-11 25-Jan-12 25-Jul-12 4,201.44 650.00

129 Two /Three 1031 Let £52,000 29-Jun-11 28-Dec-11 28-Jun-12 6,201.44 1000.00

130 One 486 Let £27,560 06-Jun-11 06-Dec-11 05-Jun-12 3,203.32 650.00 131 Two 694 Let £32,760 27-Mar-11 27-Sept-11 26-Mar-12 4,346.86 850.00 132 Two 714 Let £32,760 20-Jun-11 19-Dec-11 19-Jun-12 4,459.74 850.00 133 One 537 Let £26,780 17-Mar-11 16-Mar-12 16-Mar-13 3,484.12 650.00 134 One 660 Let £28,600 15-Aug-11 14-Feb-12 14-Aug-12 4,376.54 650.00

135 Two /Three 1031 Let £41,600 13-Feb-11 - 12-Feb-12 6,398.18 1000.00

136 One 486 Let £24,700 02-Aug-11 02-Oct-11 01-Aug-12 3,203.32 650.00 137 Two 694 Let £31,824 28-Jul-11 27-Jan-12 27-Jul-12 4,346.86 850.00 138 Two 714 Let £32,396 03-Aug-11 02-Feb-12 02-Aug-12 4,459.74 850.00 139 One 537 Let £25,220 25-Sept-11 25-Mar-12 24-Sept-12 3,482.02 650.00 140 One 660 Let £25,220 03-Oct-10 03-Oct-12 02-Oct-13 4,376.54 650.00

141 Two /Three 1031 Let £41,600 04-Feb-11 03-Aug-11 03-Feb-12 6,398.18 1000.00

142 One 486 Let £27,612 13-May-11 13-Nov-11 12-May-12 3,239.86 650.00 143 Two 694 Vacant - - - - 4,340.34 850.00 144 Two 714 Let £32,760 30-Sept-11 30-Jun-12 29-Sept-12 4,446.58 850.00 145 One 537 Let £26,520 30-June-11 30-July-11 29-Jun-12 3,212.30 400.00 146 One 640 Let £27,300 22-Aug-11 21-Feb-12 21-Aug-12 4,036.78 650.00

147 Two /Three 1031 Let £2,600 25-Mar-11 - 24-Mar-13 6,093.10 1000.00

148 One 436 Let £23,660 27-Jul-11 27-Aug-11 26-Jul-12 2,930.60 400.00 149 Two 694 Let £31,980 26-Mar-11 26-Apr-11 25-Mar-12 4,333.72 850.00 150 Two 714 Let £32,760 19-May-11 18-Oct-11 18-May-12 4,446.58 850.00

TOTAL 22,443 - £962,052 - - - £142,662 £24,850

,

savills.co.uk



,

savills.co.uk


(Source: Google Maps) Not to scale, for indicative purposes only.

savills.co.uk

15 Grove Vale, East Dulwich London, SE22 8ET

Property 11

Location The property is located on Grove Vale (A2216), a short walk to the east of East Dulwich Station which provides National Rail services direct to London Bridge within 12 minutes. The local area is characterised by low rise residential property. Dulwich Park to the south and Peckham Rye Park to the east provide extensive public open space.

Description

The investment comprises a total of 5 residential units (1 x 1 bed, 4 x 2 beds) with a total combined gross internal area of circa 325.8 sq m (3,507 sq ft). All of the units are currently let on Assured Shorthold Tenancies and are producing a total gross rental income of £75,556. One parking space is included within the sale. The scheme was developed by Gannon Homes in 2006, having been granted planning permission by Southwark Council in December 2005.

Tenure

The freehold of the whole block is being sold with the remaining units sold on long leasehold interests.


• Freehold


suburban residential location

• Good capital value growth prospects


rental income

savills.co.uk

15 Grove Vale, East Dulwich London, SE22 8ET


Unit Bed Sq/Ft Let / Vacant

Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

Service Charge

Ground Rent

3 Two 678 LET £16,380 12-Sept-11 11-Sep-12 £1,631 £250 6 Two 678 LET £16,224 15-Aug-11 14-Feb-12 14-Aug-12 £1,631 £250 7 One 516 LET £10,192 08-May-11 08-Jul-11 07-May-12 £1,241 £200 12 Two 828 LET £16,380 03-Sep-11 03-Mar-12 02-Sep-12 £1,991 £250 14 Two 807 LET £16,380 01-May-11 - 30-Apr-12 £1,941 £250

TOTAL 3,507 £75,556 £8,434 £1,200


savills.co.uk

90 Chesterton Road, North Kensington London, W10 6EP

Property 12

Location The property is located on the north side of Chesterton Road, which runs between St. Marks Road to the west and Ladbroke Grove to the east. Ladbroke Grove station is roughly 380 metres to the south east of the property and provides Circle and Hammersmith & City Line underground services. The Westway (A40), which is directly accessed from both St. Marks Road and Ladbroke Grove, links the property with the M40 to the west.

Description

The investment consists of a registered HMO with a total of 7 residential units (6 x studios, 1 x 2 bed) with a total combined gross internal area of circa 188.1 sq m (2,025 sq ft). All of the units, with the exception of a single studio (Unit 2), are currently let on Assured Shorthold Tenancies and are producing a total gross rental income of £81,120 per annum. The property was completely remodelled and refurbished in 2008/2009 following the grant of planning permission by the Royal Borough of Kensington and Chelsea (Ref: PP/08/00802) on 23rd May 2008.

Tenure

The building is held as a single unbroken block with the benefit of the freehold interest.


• Freehold house in multiple occupation

(HMO)


Central London location



savills.co.uk

90 Chesterton Road, North Kensington London, W10 6EP



Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

90A Two 640 LET £22,100 16-Apr-11 - 15-Apr-12 1 Studio 196 LET £11,180 01-Mar-11 01-May-11 29-Feb-12 2 Studio 267 VACANT - - - - 3 Studio 248 LET £13,000 28-Jul-11 28-Sept-11 27-Jul-12 4 Studio 212 LET £11,700 08-Apr-11 - 07-Apr-12 5 Studio 253 LET £13,000 18-Mar-11 - 17-Mar-12 6 Studio 209 LET £10,140 18-Feb-11 13-Nov-11

TOTAL 2,025 £81,120


savills.co.uk

3 Barwell Crescent, Biggin Hill, Kent, TN16 3DG

Property 13

Location The property is located in Biggin Hill, a small town in north west Kent. Barwell Crescent is situated to the west of Biggin Hill Airport which is predominantly used for private aviation. The A233 immediately to the east of the property provides a direct link to the M25 to the south.

Description

The investment comprises a single 4 bedroom detached house with a gross internal area of circa 139.4 sq m (1,500 sq ft). The house is currently let on an Assured Shorthold Tenancy and is producing a total gross rental income of £16,200.

Tenure

Freehold. Tenancy Information The pertinent tenancy details are as follows:-


Total Annual Income

AST Start Date

AST Break Date

AST Expiry Date

Service Charge

1 4 1500 LET £16,200 14-Mar-09 - 13-Mar-12 £509.94 TOTAL 1500 £16,200 £509.94

The service charge relates to landscaping and cleaning costs.


• Freehold

• 4 bedroom detached house in Kent

• Ideally located close to the Airfield


rental income

savills.co.uk

3 Barwell Crescent, Biggin Hill, Kent, TN16 3DG


savills.co.uk

Katherine Place Shopping Centre, Abbots Langley, Hertfordshire, WD5 0BT

Property 14

Location The property is located in Abbots Langley, a large village in west Hertfordshire, south east England. The centre is situated on a self-contained site of 1.845 acres (0.747 hectares) and benefits from excellent road communications with the M25 and M11 motorways. Description A purpose built village retail centre located in Abbots Langley. The property comprises a large car park with approximately 53 spaces. Other facilities include a day nursery with rear playground, large restaurant, eight shop units and a Tesco supermarket. Tenure Freehold.


• Freehold

• Mixed retail and residential investment

• Excellent asset enhancement

opportunities


savills.co.uk




Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A


Mrs Alice Tam 10-Feb-10 09-Feb-30 10-Feb-15 £36,213 £32.40 £36,213 Mrs Alice Tam 10-Feb-10 09-Feb-30 - £8,400 - £8,400 Mr Trevor Jinks 26-Aug-07 28-Aug-22 26-Aug-12 £16,218 £34.00 £16,218 Mr C.H Chow 16-Apr-94 15-Apr-14 16-Apr-10 £17,837 £34.50 £17,837 Mr C.H Chow 16-Apr-94 15-Apr-14 - £5,880 - £5,880

Mrs Emma Whittington 02-Jan-97 01-Jan-17 02-Jan-09 £13,000 £24.86 £13,000 Richard & Brian Ansell 16-Oct-96 15-Oct-16 16-Oct-12 £13,513 £28.75 £13,513 Messrs Sanders, Starr,

Gardener 03-Dec-96 02-Dec-16 03-Dec-12 £16,110 £30.00 £16,100

Clare Traxon 31-May-94 30-May-14 31-May-10 £35,000 £15.02 £35,000 T & S Stores 2003 Ltd 02-Jun-94 01-Jun-14 02-Jun-10 £62,411 £15.13 £62,411 T & S Stores 2003 Ltd 02-Jun-94 01-Jun-14 - £6,905 - £6,905 Messrs Khan & Hamid 01-Jan-94 01-Jan-2119 - £100 - £100

Mr W Gibb 25-Dec-95 24-Dec-2120 - £100 - £100 Allka Metha 10-May-94 09-Oct-2119 - £1 - £1

TOTAL £231,688 £231,688

All of the residential accommodation is included within the commercial leases.

savills.co.uk



savills.co.uk

133 High Street, Bromley, Kent, BR1 1JF

Property 15

Location Bromley is an affluent town located approximately 12 miles south east of Central London, in the London Borough of Bromley. The Borough has an estimated population of 312,000. Road communications are good with the town located at the junction of the A21 and A222. Description This prominently positioned retail unit is located in Bromley town centre and arranged over basement, ground and three upper floors. The first, second and third floors have been sold off on a long lease. The unit is situated in a prime position on the east side of Bromley’s pedestrianised high street. Occupiers close by include Marks & Spencer, BHS, Topshop and Next. Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

Moss Bros 16/06/06 15/06/21 16/06/11 £160,000 158.57 £150,000 TOTAL £160,000 £150,000


• Freehold

• Affluent Greater London retailing centre

• Located in the prime retail pitch adjacent to

Marks and Spencer

• Well secured


savills.co.uk

133 High Street, Bromley, Kent, BR1 1JF


savills.co.uk

124, 134, 138, 178, 188 & 190, Walton Road, East Molesey, Surrey, KT8 0HP

Property 16

Location The property is located in East Molesey, Surrey, 14 miles south west of Central London, situated between Kingston and Walton-on-Thames. The area benefits from good road communications with access to central London via the A3 and M3 and M25 motorways approximately 4 and 9 miles away respectively.

Description This prominently positioned retail unit is situated on the southern side of Walton Road, close to the junction with Spencer Road. The properties are arranged on ground and two upper floors to provide 3 ground floor shops with 3 self contained maisonettes above. (Six have been sold off on long leases). The car park to the rear is not included.

Tenure Freehold



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

Mr N Linney 25-Dec-97 24-Dec-17 25-Dec-09 £15,000 £39.28 £15,000 Mr Damian Pacey 25-Dec-96 24-Dec-21 - £100 - £100 Queen Elizabeth

Foundation 07-Jul-05 06-Jul-15 07-Jul-10 £15,000 £31.06 £15,000

Mr Peter Beard 25-Dec-96 24-Dec-21 - £100 - £100 Skillframe Ltd 12-Jul-09 11-Jul-19 - £13,500 £27.49 £13,500

Ms Melanie Palmer 25-Dec-96 24-Dec-21 - £100 - £100 TOTAL £43,800 £43,800

The residential flats are held on long leases for 125 years from 25/12/1996 with reviews every 33 years.


• Freehold

• Prominent location

• Mixed use retail and residential

investment


savills.co.uk

124, 134, 138, 178, 188 & 190, Walton Road, East Molesey, Surrey, KT8 0HP


savills.co.uk

23 North Street, Romford, Essex, RM11 1SX

Property 17

Location Located in Hornchurch, a thriving and affluent market town situated in the London Borough of Havering. Occupiers close by include Sainsburys, Boots, Barclays and Nandos.

Description

A large shop unit arranged over ground and part first floor, with the balance of the first floor being occupied by the Baptist church. The property comprises a large ground floor shop unit with office, storage, a goods inward area and a goods lift to the first floor. There are also 24 car parking spaces. The property is located close to Hornchurch train station. Hornchurch is located approximately 3 miles south east of Romford and 15 miles east of Central London. Tenure Freehold.


• Freehold

• Strong retailing centre


• Well secured until 2030 to a strong

covenant

• Producing £100,000 per annum exclusive

• Fixed uplifts in 2015 and 2025

savills.co.uk

23 North Street, Romford, Essex, RM11 1SX



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Iceland Foods Ltd 28-Feb-05 27-Sept-30 28-Feb-15 £100,000 £12.99 £86,510 Baptist Union 19-May-87 18-May-2137 - £0 - £0

TOTAL £100,000 £86,510

The Iceland rent is reviewed to the higher of the three fixed uplifts or open market rent: 2015 - £97,878, 2020 - £110,740, 2025 - £125,292. There is a tenant break on 27-Sep-25 on 12 months notice.


savills.co.uk

Homestead Road Car Park, Rickmansworth, Hertfordshire, WD3 2DG

Property 18

Location The property is located in Rickmansworth, Hertfordshire. The area benefits from good road communications with the town located along the A412 and A404 linking the town to Junctions 17 and 18 of the M25. The premises are situated in close proximity to Rickmansworth Train Station.

Description The property comprises of a 5 storey car park arranged over 10 levels which provides 140 car parking spaces over an approximately 0.256 acre site. Tenure Freehold. Tenancy Information The pertinent tenancy details are as follows:-


Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Rent

(£ psf)

ERV (£ pa)

Britannia Parking Ltd 29-Apr-05 28-Apr-35 29-Apr-10 £100,000 - £100,000 TOTAL £100,000 £100,000


• Freehold


• Well secured

• Potential future redevelopment

opportunity


savills.co.uk

Homestead Road Car Park, Rickmansworth, Hertfordshire, WD3 2DG


savills.co.uk

Mid Summer Place, Solstice Park, Amesbury, Wiltshire, SP4 7SQ

Property 19

Location The properties are situated on Solstice Park and located to the north east of Amesbury, Wiltshire and are located 9 miles north of Salisbury. The property is situated adjacent to the A303, and in close proximity to Stonehenge. The A303 is a major road link to the south west which links Andover and the A345 to Salisbury and Marlborough.

Description The property comprises 2 restaurants with car parking. The buildings are a single storey Pizza Hut restaurant with 39 on site parking spaces and a single storey KFC restaurant and drive thru with 29 parking spaces. Together the two properties total circa 7,500 sq ft. Occupiers close by include a Somerfield Convenience Store and Petrol Station, and a Family Pub/Restaurant. The site extends to 1.80 acres.

Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Pizza Hut (UK) Ltd 01-Dec-06 30-Nov-31 01-Dec-11 £63,780 £16.06 £83,400 KFC GB Ltd 24-Apr-06 23-Apr-31 24-Apr-11 £62,475 £18.11 £77,600

TOTAL £126,255 £161,000


• Freehold

• Wealthy catchment area

• Excellent location off the busy A303

dual carriageway

• Very prominent location

• Well secured to strong covenants


savills.co.uk

Mid Summer Place, Solstice Park, Amesbury, Wiltshire, SP4 7SQ


savills.co.uk

Unit 1 Victoria Plaza, Oxford Street, Bolton, Greater Manchester, BL1 1RD

Property 20

Location This prominently positioned retail unit is located in Bolton, a town in the north west of England with a population of 140,000.The town is located approximately 10 miles north-west of Manchester and benefits from good transport access with the M61 motorway situated only 3 miles to the west. Description The property comprises a well located retail unit on the pedestrianised Oxford Street in Bolton town centre. The property is arranged over basement, ground and 4 upper floors with a banking hall and ancillary basement accommodation and ancillary office accommodation at first floor level. The second, third and fourth floors provide ancillary accommodation (not presently used). There is also rear access to a further pedestrianised area in Old Hall Street North. The property falls within a conservation area.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Bradford & Bingley 24-Jun-04 23-Jun-19 24-Jun-14 £88,000 £10.07 £89,700 TOTAL £88,000 £89,700


• Freehold

• Bolton is an important retailing centre


• Well secured to a strong covenant

• Asset enhancement opportunity to

redevelop the upper parts (subject to the

necessary consent)


savills.co.uk

Unit 1 Victoria Plaza, Oxford Street, Bolton, Greater Manchester, BL1 1RD


savills.co.uk

Morrisons, Clevedon, Bristol, Somerset, BS21 6HX

Property 21

Location The property is located in Clevedon, Somerset, 12 miles south west of Bristol. Positioned just off the Great Western Road, (B3133), the building forms part of the Triangle Shopping Centre in the town centre. The M5 (Junction 20) is located approximately 1 km to the west. Description The property comprises a single storey supermarket with separate access to and from the Triangle Centre. The building is of concrete frame construction with brick elevations providing 294 car parking spaces arranged over a large landscaped service area.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Morrisons 01-Sep-86 31-Aug-21 01-Sep-11 £443,482 £14.55 £441,888 TOTAL £443,482 £441,888

The outstanding rent review is currently going to 3rd party.


• Freehold

• Prominent retailing location



• Potential extension/redevelopment

opportunity

savills.co.uk



savills.co.uk



(Source: Google Maps)

Not to scale, for indicative purposes only.

savills.co.uk

The Triangle Centre, Clevedon, Bristol, Somerset, BS21 6HX

Property 22

Location The property is located in Clevedon, Somerset, 12 miles south west of Bristol. The area benefits from good road links via the B3133 and is positioned just off Kenn Road and close to the Station Road pedestrianised zone. Description The property comprises a shopping centre scheme of approximately 27,185 sq ft (2,526 sq m), arranged over 2 retail parades with ground floor units and a self-contained office. The centre is located in a prime retail area within Clevedon town centre. The centre provides direct access to the adjoining Morrison Supermarket.

Tenure Freehold.


• Freehold


• Excellent asset enhancement /

redevelopment opportunity


savills.co.uk




Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

Superdrug 29-Sep-86 28-Sep-11 29-Sep-11 £46,008 £25.82 £46,470 Johnson Cleaners 29-Sep-86 28-Sep-11 - £21,897 £27.30 £21,900

Blockbuster 25-Mar-89 24-Mar-14 - £21,000 £27.11 £21,360 A & S Trading Ltd 09-Sep-01 08-Sep-11 - £20,003 £26.50 £20,700

Sportswift Ltd 29-Sep-86 28-Sep-11 - £24,497 £28.85 £22,650 Boots 29-Sep-86 28-Sep-11 - £36,652 £24.75 £41,250

First Choice 29-Sep-86 28-Sep-11 - £21,000 £28.23 £22,320 Mrs D Johns 26-Feb-02 25-Feb-12 - £11,898 £23.48 £11,882

Alabare Christian Care Centres &

Crisis Centre Ltd 07-Oct-11 - - £23,125 £14.43 £27,200

Mr Hassan 24-Jun-95 23-Jun-15 24-Jun-10 £10,999 £14.83 £11,563 H Sehmbi, H Kaur Sehmbi & K Kaur 22-Nov-08 21-Nov-23 22-Nov-13 £13,000 £18.57 £12,950

Vacant - - - £0 - £15,088 Vacant - - - £0 - £26,784 TOTAL £250,079 £302,117

savills.co.uk



savills.co.uk

Gatehouse Lane, Burgess Hill, West Sussex, RH15 9XB

Property 23

Location The property is located in Burgess Hill, West Sussex, with an estimated population of 29,000. The area benefits from good road communications with the town located close to the A273 linking the town with the A23, the main road transport link between London and Brighton.

Description This property comprises 2 prominently positioned retail units arranged over ground floor. Tesco Convenience Stores operate from one of the units whilst the second currently trades as a Chinese Takeaway. The property also benefits from 22 car parking spaces. Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£ pa)

Current Zone A

Rate (£ psf)

ERV (£ pa)

T & S Stores Ltd 12-Mar-96 11-Mar-21 25-Dec-10 £36,000 £15.85 £36,000 Man Lun Fan 21-Mar-96 20-Mar-21 21-Mar-11 £16,250 £34.21 £15,000

TOTAL £52,250 £51,000


• Freehold

• Wealthy retailing catchment




savills.co.uk

Gatehouse Lane, Burgess Hill, West Sussex, RH15 9XB


savills.co.uk

26 Silver Street, Bury, Lancashire BL9 0DJ

Property 24

Location The property is located in Bury, just 8 miles north of Manchester. The town is situated 1 mile west of Junction 2 of the M66 which links to the M60 and M62. This prominently positioned building is located on Silver Street at the junction with Bank Street.

Description A Grade 2 listed building comprising a banking hall, offices and a strong room arranged over ground and two upper floors. The first and second floor provides office and storage whilst the second floor also provides a strong room. The building is located in Bury town centre, approximately 8 miles north of Manchester. The premises face onto public gardens and are located close to other municipal style buildings.

Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Barclays Bank Plc 14-Jun-06 13-Jun-26 29-Sep-15 £61,500 £6.95 £61,500 TOTAL £61,500 £61,500

Barclays Bank Plc are not in occupation, there is a tenant break option in 2016.


• Freehold

• Attractive retailing centre


• Strong covenant


savills.co.uk

26 Silver Street, Bury, Lancashire BL9 0DJ


savills.co.uk

24 High Street, Deal, Kent, CT14 7TY

Property 25

Location The property is located in Deal, an attractive town on the east coast of Kent in south east England. The town benefits from good road communications with the A258 leading to both Canterbury and Ramsgate. Dover is just 7 miles from Deal. The Channel Tunnel terminal is approximately 14 miles to the south east.

Description The prominently positioned retail unit fronts onto the pedestrianised High Street and close to the junction with Broad Street. The property is arranged over ground and 2 upper floors and comprises a ground floor shop with ancillary accommodation and a self-contained office on the first and second floors.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£ pa)

Current Rent

(£ psf)

ERV (£ pa)

Betting Shops Operations Ltd 05-Dec-07 04-Dec-22 05-Dec-12 £45,000 £23.44 £32,500

TOTAL £45,000 £32,500

Planning permission has been received in July 2009 for two flats on the upper floors currently demised to the tenant but unoccupied.


• Freehold

• Well secured freehold investment

• Attractive retailing town


• Long lease expiring in 2022

• Low Zone A passing rent

savills.co.uk

24 High Street, Deal, Kent, CT14 7TY


�

�

savills.co.uk

58-68 Channel Street, Galashiels, Selkirkshire, TD1 1BA

Property 26

Location Located in Galashiels, the principal town in the Border Region of Scotland.

The town is located approximately 5 miles north of Selkirk and 30 miles south east of Edinburgh via the A7.

Description The property comprises a parade of 4 adjoining retail units at ground floor level. The upper two floors are residential and in separate ownership. This prominently positioned retail parade is situated on the south side of Channel Street, the main retail thoroughfare in Galashiels, close to its junction with Douglas Bridge. Occupiers close by include Boots, Specsavers and Poundland.

Tenure Heritable (Freehold).



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

H Samuel Ltd 14-Aug-04 13-Aug-14 14-Aug-09 £25,600 £32.04 £20,000 Phones 4 U Ltd 29-Jun-06 28-Jun-16 - £28,000 £35.18 £19,900

PDSA 17-Jun-03 16-Jun-18 17-Jun-13 £27,983 £32.50 £21,500 Vacant - - - £0 - £22,400 TOTAL £81,583 £83,800


• Freehold


• Well secured investment


savills.co.uk

58-68 Channel Street, Galashiels, Selkirkshire, TD1 1BA


savills.co.uk

Bolnore Village, Haywards Heath, West Sussex, RH15 9XB

Property 27

Location Location The property is located in the wealthy retailing centre of Haywards Heath, West Sussex. The area benefits from good road communications including the A272 which provides a connection with the A23, the main road link between London and Brighton.

Description These prominently positioned retail units are situated in Bolnore Village, a new residential development located to the west of the town. The property comprises 4 retail units arranged on ground floor only located in a predominantly residential area. Tenure Leasehold - 999 years from 29th September 2006.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£ pa)

Current Rent

(£ psf) ERV

(£ pa)

J Bailey & P Brown 25-Dec-06 24-Dec-21 25-Mar-11 £16,500 £15.00 £14,000 Somerfield Stores Ltd 29-Sep-06 28-Sep-31 29-Sep-11 £57,696 £15.81 £54,750

Sean O'Riordan 15-Oct-10 14-Oct-20 15-Oct-15 £14,000 £21.15 £14,000 Lloyds Pharmacy Ltd 29-Sep-06 28-Sep-26 29-Sep-11 £13,000 £11.02 £17,700

TOTAL £101,196 £100,450

Lloyds Pharmacy are no longer in occupation.

Somerfield has been rebranded as The Co-Operative.


• Long Leasehold

• Wealthy retailing catchment


• Well secured to strong covenants


savills.co.uk

Bolnore Village, Haywards Heath, West Sussex, RH15 9XB


savills.co.uk

30-34 King Street, Kilmarnock, East Ayrshire, KA1 1NP

Property 28

Location The property is located in Kilmarnock, Scotland. Kilmarnock is located approximately 24 miles south west of Glasgow and 15 miles north east of Ayr. The town benefits from good road communications with Junction 8 of the M77 approximately 5 miles to the north east via the A77. Description This prominently positioned retail unit is located on the east side of the pedestrianised King Street in a prime retail pitch. The building is arranged over ground and 2 upper floors. The property comprises a banking hall and offices on the ground floor with further office and ancillary accommodation above. Occupiers close by include BHS, New Look and WH Smith.

Tenure Heritable (Freehold).



Lease Expiry

Rent Review Date

Current Gross Rent

(£ pa)

Current Zone A

Rate (£ psf)

ERV (£ pa)

HBOS 23-Feb-94 22-Jun-18 23-Jun-13 £127,000 £56.85 £127,000 TOTAL £127,000 £127,000

30ft zoning.


• Freehold

• Prime retailing location

• Well configured retail unit

• Well secured to a strong covenant until

2018


savills.co.uk

30-34 King Street, Kilmarnock, East Ayrshire, KA1 1NP


savills.co.uk

15/16 Market Square and 18/20 Drapery, Northampton, NN1 2HG

Property 29

Location The property is located in Northampton, in the East Midlands. Road communications are strong with Junctions 15 and 16 of the M1 just 4 miles to the west providing excellent access to the Midlands, London and the North of England. Occupiers close by include Debenhams, Shoe Zone and McDonalds.

Description This prominently positioned retail unit is located in the prime retail pitch and arranged over basement, ground and 3 upper floors. The property provides a banking hall, vaults, as well as office accommodation, meeting room space, and staff accommodation. The building benefits from frontages to both the Drapery and Market Square.

Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Barclays Bank Plc 30-Aug-06 29-Aug-26 - £115,000 £16.76 £115,000 TOTAL £115,000 £115,000


• Freehold

• Located in the prime retail pitch



savills.co.uk

15/16 Market Square and 18/20 Drapery, Northampton, NN1 2HG


savills.co.uk

33 Effingham Street, Rotherham, South Yorkshire, S65 1AL

Property 30

Location The property is located in Rotherham, South Yorkshire. Rotherham benefits from good road communications situated just 3 miles north of Junction 33 of the M1 and 5 miles east of junction 1 of the M18. Description The property is a prominently located retail unit in Rotherham town centre (located adjacent to the Greggs unit which is also featured). The property is arranged over ground floor, mezzanine level and upper floor. Facilities include a cash counter and customer contact area, back office accommodation, toilet facilities and further office facilities. The unit fronts onto Effingham Street close to its junction with Howard Street and forms part of a pedestrianised town centre area.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£ pa)

Yorkshire Building Society 29-Sep-89 28-Sep-14 - £25,250 £39.76 £25,250

TOTAL £25,250 £25,250


• Freehold


• Well secured freehold investment


savills.co.uk



savills.co.uk


Property 31

Location The property is located in Rotherham, South Yorkshire. Rotherham benefits from good road communications situated just 3 miles north of Junction 33 of the M1 and 5 miles east of junction 1 of the M18. Description The property is a prominently located corner retail unit at the junction of Effingham Street and Howard Street in the pedestrianised area of Rotherham Town Centre. The property is arranged over ground floor, mezzanine level and upper floor. Facilities include a cash counter and customer contact area, back office accommodation, toilet facilities and further office facilities. Tenure Freehold. Tenancy Information The pertinent tenancy details are as follows:-


Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A


Greggs Plc 25-Dec-90 24-Dec-15 25-Dec-10 £75,002 £38.16 £75,002 TOTAL £75,002 £75,002

The property is let to Greggs Plc but trades as Bakers Oven.


• Freehold



• Producing £75,002 per annum exclusive

savills.co.uk



savills.co.uk

18/19 Market Place, Rugby, Warwickshire, CV21 3DU

Property 32

Location The property is located in Rugby, Warwickshire, 11 miles east of Coventry. The area benefits from strong road communications located midway between the M6 and M45, to the north and south respectively, and the M1 (Junction 18) to the east.

Description This prominently positioned retail unit is located in the main pedestrianised thoroughfare. The building is arranged over basement, ground and 3 upper floors. The ground floor comprises a retail unit with first floor sales area and ancillary accommodation above. The second floor is used for storage with the third used for staff facilities. The basement is currently not accessed. The premises is located in close proximity to the Clock Towers Shopping Centre. Tenure Freehold. Tenancy Information The unit is currently vacant.


• Freehold

• Located in a prime retail pitch

• Strong tenant interest

savills.co.uk

18/19 Market Place, Rugby, Warwickshire, CV21 3DU


savills.co.uk

Eastern Avenue, Shoreham by Sea, West Sussex, BN43 6PD

Property 33

Location The property is located in Shoreham by Sea, West Sussex. The area benefits from good road communications with the town located along the A259 and A27 bypass linking the town to Brighton and Hove and Worthing.

Description This prominently positioned property is a purpose built drive-thru restaurant located on Eastern Avenue. The building is arranged over ground floor only and benefits from 32 car parking spaces. Occupiers close by include Halfords and B&Q.

Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

McDonald's 24-Jul-02 23-Jul-27 24-Jul-12 £90,000 £37.02 £90,000 TOTAL £90,000 £90,000


• Freehold


• Well secured to a strong covenant until

2027


savills.co.uk

Eastern Avenue, Shoreham by Sea, West Sussex, BN43 6PD


savills.co.uk

1-15 Winchester Road, The Mall, Chandler’s Ford, Southampton, Hampshire, SO53 2QD

Property 34

Location The property is located in Chandler’s Ford, an area north of Southampton with an estimated population of 20,000. The area benefits from strong transport links to Southampton and Winchester with good links to the M3 and M27 Motorways. Description The property comprises a retail parade with 13 shops and 3 office suites in the centre of the town. The premises were constructed in the 1980’s in a traditional style. The property has prominent frontage to Winchester Roadthe main road route through the town. Tenure Freehold.


• Freehold


• Potential redevelopment/refurbishment

opportunity


exclusive

savills.co.uk




Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

Santander UK Plc 25-Mar-88 24-Mar-13 - £39,245 £38.40 £33,200 Santander UK Plc 25-Mar-88 24-Mar-13 - £750 - £1,000

Bureau Properties Ltd 25-Mar-88 24-Mar-13 - £26,999 £40.97 £21,400 A Padfield 25-Mar-88 24-Mar-13 - £24,247 £33.96 £19,600

Premier Bathrooms & Tiles Ltd 25-Mar-88 24-Mar-13 - £11,501 £32.58 £9,710

Pemier Bathrooms & Tiles Ltd 25-Mar-88 24-Mar-13 - £11,501 £32.58 £9,710

Marie Curie Cancer Care 25-Mar-88 24-Mar-13 - £13,099 £31.87 £11,300

Hair at Monroe's Ltd 25-Mar-88 24-Mar-13 - £12,002 £32.35 £10,200 Ms Wei Wei Zhou 25-Mar-88 24-Mar-13 - £13,000 £31.94 £11,200

Botley Flour Milling Ltd 25-Mar-88 24-Mar-13 - £15,999 £31.37 £14,000 Mr & Mrs RJ Bennet 25-Mar-88 24-Mar-13 - £22,000 £41.51 £17,200

Mr & Mrs Barter 22-Jan-10 21-Jan-20 22-Jan-15 £15,999 £35.24 £14,800 Leighton Holdings Ltd 10-Aug-09 09-Aug-19 10-Aug-14 £17,999 £39.30 £14,900 Eastern Arts Beauty 27-Oct-09 26-Oct-24 26-Oct-14 £15,999 £35.24 £14,800 FA Hendy & Lennox

(Holdings) Ltd 25-Mar-88 24-Mar-13 - £35,000 £10.79 £24,300

AC English Developements Ltd 29-Sep-06 24-Mar-13 - £12,000 £13.00 £6,920

AC English Developements Ltd 29-Sep-06 24-Mar-13 - £1,500 - £1,500

Interbrew UK Ltd 25-Mar-88 24-Mar-13 25-Mar-08 £69,250 £9.79 £42,400 Various licences - - - £1,600 - £1,600

TOTAL £359,689 £279,740

savills.co.uk



savills.co.uk

Rangers Court, Ocean Village, Admirals Quay, Southampton, Hampshire, SO14 3JS

Property 35

Location The property is located in Southampton, Hampshire, an important retail centre on the south coast. The area benefits from good road communications, lying approximately 5 miles south of the M27 (Junctions 3 to 8), and theM3 (Junction 14). Description

This prominently positioned retail unit is situated at the entrance to Ocean Village, adjacent to Admirals Quay and the marina. The property comprises of a convenience store with ancillary staff and storage facilities arranged over the ground floor. Residential apartments are also arranged over ground and upper floors within the same but not included within the ownership. Tenure Leasehold - 124 years from 22nd September 2003, expiring 31st March 2127.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£ pa)

Current Rent

(£ psf)

ERV (£ pa)

Tesco Stores Ltd 16-Jul-03 15-Jul-23 23-Jun-08 £44,712 £16.37 £44,712 Tesco Stores Ltd 16-Jul-03 15-Jul-23 23-Jun-08 £14,770 £7.22 £14,770

TOTAL £59,482 £59,482

The second lease is for office space within the split level unit.


• Leasehold

• Prominent location adjoining Admirals

Quay



savills.co.uk

Rangers Court, Ocean Village, Admirals Quay, Southampton, Hampshire, SO14 3JS


savills.co.uk

Abbey Meads Village Centre, Elstree Way, Swindon, Wiltshire, SN25 4YX

Property 36

Location The property is located in Swindon, approximately 70 miles west of London.

The area benefits from excellent road communications. The property is located close to the A419 with good connections to the M4 and Cirencester.

Description This prominently positioned property is located at Abbey Meads Village Centre, a modern development situated inside the Northern Ring Road, approximately 3 miles north of Swindon town centre. The centre comprises a supermarket, post office, car park, nursery, 6 shops, 5 flats and an ATM cash machine. Tenure Freehold.


• Freehold

• Well secured

• Potential for further development


savills.co.uk




Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Nord Anglia Nurseries Ltd 26-Mar-99 25-Mar-24 26-Mar-09 £0 - £50,900

Atlantic Silver Ltd 28-Jul-99 27-Jul-24 - £100 - £100 Flaunt Hairdressing 01-Apr-99 31-Mar-19 01-Apr-11 £17,722 £38.50 £17,722 Flaunt Hairdressing 01-Apr-99 31-Mar-19 - £4,795 - £4,795

T & S Stores Plc 28-Aug-01 27-Aug-21 28-Aug-14 £55,144 £13.37 £55,144 T & S Stores Plc 28-Aug-01 27-Aug-21 28-Aug-14 £5,000 - £5,000

Prospect Hospice Ltd 03-Sep-10 02-Sep-15 - £10,000 £22.47 £10,000 Winterthur Life 08-Aug-99 07-Aug-24 - £100 - £100

Dewhurst Estate Agents 25-Apr-02 24-Apr-27 - £100 £0.15 £100

Rafal Krawczyk 01-Oct-09 30-Sep-10 - £5,400 £9.00 £5,400 Nationwide 25-Aug-04 24-Aug-14 - £9,000 - £9,000

TOTAL £107,361 £158,261

The Nord Anglia demise has suffered fire damage. The tenant is still on the lease but they are likely to proceed to court to enable the lease to be disclaimed.

savills.co.uk



savills.co.uk

32-46 Fretherne Road, Welwyn Garden City, Hertfordshire, AL8 6NV

Property 37

Location The property is located in Welwyn Garden City a wealthy Hertfordshire town. The town is located 24 miles north of Central London and 7 miles west of Hertford. Welwyn benefits from excellent road communications being close to Junctions 4, 5 and 6 of the A1(M) which links to Junction 23 of the M25 and 8 miles for the south. This retail parade fronts onto Fretherne Road, close to the Howard Centre and Howardsgate, the main retail area in the town centre.

Description The property is arranged over ground and one upper floor to provide a restaurant and 7 individual retail units providing ground floor sales with ancillary accommodation at first floor.

Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)

Current Zone A

Rate (£psf)

ERV (£pa)

Blue Arrow Limited 29-Sep-07 28-Sep-17 29-Sep-12 £25,000 £52.60 £25,000 Kidcraft 10-Nov-09 10-Nov-19 04-Apr-13 £19,000 £42.80 £18,000

The Co-operative Travel 09-Mar-05 08-Mar-20 09-Mar-10 £26,500 £58.18 £26,500

Godsafe & Beecroft 24-Jun-08 23-Jun-23 24-Jun-13 £21,500 £46.74 £21,500 Godsafe & Beecroft 24-Jun-08 23-Jun-23 24-Jun-13 £21,000 £46.67 £21,000

So Hair (UK) Ltd 02-Jun-05 01-Jun-20 02-Jun-10 £26,500 £54.29 £26,500 PLV Enterprises Ltd 17-May-05 16-May-20 17-May-10 £50,000 £37.57 £50,000

TOTAL £189,500 £188,500


• Freehold

• Attractive and wealthy retailing centre

• Prominent secondary parade

• Well secured investment


savills.co.uk

32-46 Fretherne Road, Welwyn Garden City, Hertfordshire, AL8 6NV


savills.co.uk

Neighbourhood Centre, Silva Island Way, Salcott Crescent, Wickford, Essex, SS12 9NR

Property 38

Location The property is located in Wickford, Essex. The area benefits from good road communications with the town located along the A129 and A132 linking the town to Raleigh, Basildon and Southend on Sea.

Description The property is a prominently positioned retail parade comprising a Tesco supermarket and 4 other retail units arranged over ground floor with 3 self-contained flats on the first floor. The property also benefits from 156 car parking spaces and a rear service yard. Tenure Freehold.



Lease Expiry

Rent Review

Date

Current Gross Rent

(£pa)


ERV (£pa)

Van Binh Nguyen & Le Kien Lang 18-Dec-96 17-Dec-21 18-Dec-26 £100 £0.15 £100

CN Cooper 15-Nov-99 14-Nov-19 15-Nov-07 £9,950 £14.85 £10,100 CN Cooper 15-Nov-99 14-Nov-19 15-Nov-07 £3,750 - £4,000

Stockton Computer Services Ltd 09-Oct-08 08-Oct-23 09-Oct-16 £13,000 £19.26 £10,100

T & S Stores Ltd 23-Dec-96 22-Dec-16 23-Dec-12 £49,750 £15.31 £48,800 Boots UK Limited 01-Oct-97 30-Sep-22 - £0 - £0

TOTAL £76,550 £73,100


• Freehold

• Strong secondary retailing location


• Excellent asset enhancement

opportunities


savills.co.uk

Neighbourhood Centre, Silva Island Way, Salcott Crescent, Wickford, Essex, SS12 9NR


CONTACT

Nick HartHead of Retail InvestmentNational Director+44 (0) 20 7409 [email protected]

Darren ArnoldLondon Residential Investment & DevelopmentNational Director+44 (0) 20 7409 [email protected]

Peter Cooper-ParryHead of Portfolio InvestmentNational Director+44 (0) 207 409 [email protected]

Luke Winstanley+44 (0) 20 7409 [email protected]

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Commercial Marketing: 020 7499 8644

October 2011

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