High-Yielding Investment Opportunity in Top 25 UK City SOUTHAMPTON – 13 ABOVE BAR STREET

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2 SOUTHAMPTON – 13 ABOVE BAR STREET £102,000 pax £102,000 £1,135,000 8.50% Southampton is one of the principal commercial shopping centres on the South Coast, with a primary catchment catchment with a primary South Coast, centres on the shopping the principal commercial is one of Southampton of 705,000. population opposite the to West Quay and in close proximity to the main entrance pitch on Above Bar Street, Situated in a prime development new Bargate Quarter to Yorkshire Building Society New 10 year lease for 125 years, expiring 2131. Long leasehold Net Annual Income: Net Annual Income: Price: Net Initial Yield: • • • • INVESTMENT SUMMARY SUMMARY INVESTMENT Fawcett Mead

3 SOUTHAMPTON – 13 ABOVE BAR STREET CGI of Bargate Quarter development London Southampton Bristol centre. The airport provides flights to over 40 European destinations and destinations European 40 over to flights provides airport The centre. benefits from approximately 1.8 million passengers a year – this figure is predicted to rise to 6 million by 2030. Southampton is considered one of the UK’s busiest passenger and freight ports. The port handles in excess of 42 million tonnes of cargo annually, accounting for approximately 7% of the UK’s annual seaborne trade. Southampton Central is a key railway station, providing approximately 96Southampton Central is a key railway Waterloo, with a fastest journey time daily direct rail services to London of 1 hour 20 minutes. located only 7 miles north of the citySouthampton International Airport is Southampton Southampton benefitsfrom excellent communications by road, given the M3 and M27 motorways. The M3 the city is situated at the junction of whilst the M27 provides access provides access to London to the North, to the West. to Portsmouth to the East and Bournemouth Hampshire and is one of the principal commercial and retail centres of the UK. commercial and retail Hampshire and is one of the principal LOCATION within the county of located city prosperous south coast Southampton is a Fawcett Mead

4 SOUTHAMPTON – 13 ABOVE BAR STREET The city is home to two major universities: The University University to two major universities: The The city is home these and Southampton Solent. Together, of Southampton student population of around 40,000. universities have a with economy, local the to boost a major provides Tourism around 1 million passengers travelling through the port and 1.8 million through the airport annually. Southampton Southampton benefits from a highly affluent and youthful primary within the Southampton The total population population. Centre average above the Regional area is 733,000, catchment estimated The centres. PROMIS the of out 18 city the ranking and of the city is 433,000, ranking Southamptonshopping population Promis). (Source: measure this on centres PROMIS the of out 16 DEMOGRAPHICS Fawcett Mead

5 SOUTHAMPTON – 13 ABOVE BAR STREET Street and the Marlands Shopping Centre, which comprises 250,000 sq ft of retail space, anchored by Matalan. The more secondary retailing can be found on the non-pedestrianised section of Above Bar The more secondary retailing can be Above Bar Street is a part pedestrianised linear shopping street, comprising well configured well comprising street, shopping linear pedestrianised part a is Street Bar Above retailers on the street include: retail units. Major Street. The West Quay Shopping Centre comprises approximately 800,000 sq ft of retail Marks and Spencer. is anchored by John Lewis and accommodation and The prime retailing in Southampton is concentrated within the Hammerson owned West owned Hammerson the within concentrated is Southampton in retailing prime The Bar Above of section pedestrianised the by supported is which Centre, Shopping Quay RETAILING IN SOUTHAMPTON IN RETAILING retail estimated City Centre centres with UK’s primary retailing is one of the Southampton Promis centres. City 12th of the sq ft, ranking the of 2.18 million floorspace Fawcett Mead

6 SOUTHAMPTON – 13 ABOVE BAR STREET 624 sq ft 1,309 1,204 657 units Ancillary Ancillary Use Sales ITZA Second Floor First Floor Ground Floor Floor Taking into account the deduction of the head rent which is 15% of the Taking into account the deduction of the head rent which is 15% of the pax. £102,000 is therefore rent received, the net rent TENANCY to Yorkshire Building Society The subject property is let in its entirety March expiring 24th 2019 and March from 25th years of 10 a term for is a Tenant’s option to break in 2029, at a rent of £120,000 pax. There it be should rent penalty 9 month a to is subject break the 5 but year exercised by the Tenant. There is a ground rent which equates to 15% of rent receivable which is which receivable rent of 15% to equates which rent ground a is There payable to Southampton City Council. Long leasehold for 125 years from 18th December 2006. Long leasehold for 125 years from 18th TENURE The subject property comprises the following approximate net internal comprises the following approximate The subject property floor areas: ACCOMMODATION The ground floor sales area provides well configured retail accommodation, retail configured well provides area sales floor ground The second floors offers storage provision. whilst the first and single glazed under a felt covered flat roof with paving slab walkways. single glazed under a felt covered flat roof with paving slab walkways. good condition. in 2017 and is therefore in a very The roof was renewed DESCRIPTION of three storey building a traditional property comprises The subject are 1960’s. The windows built in the framed construction, concrete

Fawcett Mead

7 SOUTHAMPTON – 13 ABOVE BAR STREET ‘000 £152,000 £515,000 31/12/2016 31/12/2016 £39,600,000 ‘000 £166,000 £536,000 31/12/2017 £42,000,000 ‘000 £193,000 £510,000 31/12/2018 £43,100,000 Total Income before Tax Statutory Profit Assets (YBS) is one of the UK’s largest and most successful building and most successful one of the UK’s largest Society (YBS) is Building Yorkshire business the to in profits re-invest to is strategy core a organisation, mutual a As societies. savings new 193,000 that reported YBS 2018, In sustainability. term long promote to and accounts were opened. and have reported the following over 250 branches across the UK YBS operate from in the past 3 years: financial figures COVENANT Fawcett Mead

8 SOUTHAMPTON – 13 ABOVE BAR STREET Created By: Fawcettmead Experian Goad Plan Created: 05/06/2019 For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011 Southampton Centra l Southampton 50 metres Copyright and confidentiality Experian, 2019. © Crown copyright and database rights 2019. OS 100019885 For indicative purposes only. Title plan available upon request.

We understand the property has been elected for VAT. It is anticipated that the sale will be treated as a transfer of going concern (TOGC). VAT The EPC Reports are available upon The EPC Reports are available upon request. EPC development development Bargate Quarter Bargate Quarter opposite the new opposite West Quay and West Quay main entrance to entrance main proximity to the to the proximity Situated in close in close Situated Fawcett Mead

9 SOUTHAMPTON – 13 ABOVE BAR STREET Nick Roberts [email protected] 0207 911 2178 07887 801 762 Jonathan Mills Jonathan [email protected] 0207 182 7483 07795 333 195 Nick Carvey [email protected] 0207 182 7493 07851 116 426 We have been instructed to seek offers in excess of in excess to seek offers been instructed We have Five and Thirty One Hundred (One Million £1,135,000 and exclusive to contract Pounds) subject Thousand purchase client’s leasehold interest. A of VAT, for our 8.50% after of a net initial yield at this level reflects of 5.87%. purchasers cost PROPOSAL FURTHER INFORMATION Misrepresentation Act: The particulars in this brochure are believed to be correct, but accuracy cannot be guaranteed and they are expressly excluded from any contract. SUBJECT TO CONTRACT Designed by Graphic Outlines Ltd 2019 Misrepresentation Act: The particulars in this brochure are believed to be correct, but accuracy