WATCHMOOR TRADE CENTRE , GU15 3AJ

SOUTH EAST MULTI LET INDUSTRIAL / WORKSHOP INVESTMENT A30 (London Rd)

Watchmoor A331 Trade Centre Watchmoor Road

Riverside Way

WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 2 INVESTMENT SUMMARY

t Located in Camberley, A key industrial corridor for the south east with t Majority of units benefit from business rates relief due to small unit sizes. direct access to the M3 Motorway. t Total rent of £231,133 per annum. t A multi-let two story industrial / workshop estate situated just 2 minutes’ Established ERV of £11.00 psf on the industral accommodation with drive from the A30 and A331. t strong potential for further rental growth. t Comprising 26 fully let self-contained units providing a total floor area Freehold. of 22,547 sq ft. t t Offers in excess of£3,102,000 THREE MILLION ONE HUNDRED AND t All leases let on flexible terms. TWO THOUSAND POUNDS), subject to contract and exclusive of VAT. t The property benefits from excellent tenant retention. t Net initial yield of 7.0% and a potential reversionary yield of 7.90% after allowance for purchaser’s costs of 6.46%.

WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 3 LOCATION SITUATION

Camberley is an affluent commuter town and commercial centre at the border of Hampshire, Watchmoor Trade Centre is situated on the north side of watchmoor road at its junction with Berkshire and Surrey in the Blackwater Valley. The town is located approximately 18 miles Riverside Way within Camberley’s key industrial district less than 2 minutes’ drive from the A30 (28.8 km) south east of Reading, 5 miles (8 km) north of Farnborough, 18 miles (28.8km) east of to the north and A331 to the west. Basingstoke and 34 miles (54.4 km) south west of London. Local occupiers in the area include Selco, Screwfix, Fedex, Travis Perkins and Tool Station Road communications in Camberley are excellent with the town well connected with major among many others. roads to include the A30 and the A331. Junction 4 of the M3 serves the town connecting Camberley to London and the wider UK motorway network.

Rail links in Camberley are excellent with the town strategically located in close proximity to a number of mainline stations include Blackwater Station, Camberley Station, Station and Farnborough. Each station provides regular direct services to London with a fastest journey time of approximately 1 hour 10 minutes.

Camberley’s location is a key industrial corridor due to its access direct to the M3 and the wider FRIMLEY RD south east. Demand for industrial space has continued to rise year on year with a number of retailers and trade industrial occupiers locating their business within the area, to include: Amazon, BAE Systems and DPD. Watchmoor Trade Centre CAMBERLEY

FRIMLEY RD Watchmoor Trade Centre

Watchmoor Trade Centre CAMBERLEY

Watchmoor Trade Centre NOT TO SCALE

NOT TO SCALE

WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 4 DESCRIPTION TENURE

Watchmoor Trade Centre comprises a part two storey detached industrial / workshop building Freehold. with a self-contained car park.

The property provides 26 self-contained units providing a total floor area of 22,547 sq ft arranged over ground and first floor/mezzanine levels. Each unit offers flexible accommodation with a mixture of cellular and openOS plan Plan units, Bla callk /with White good natural light and arranged as workshops, storerooms, warehouses and offices.

The specification of the industrial accommodation fronting onto the main yard benefits from concrete floors with exposed blockwork walls and suspended ceilings. The majority of the industrial and workshop units have air conditioning, wall mounted heaters and mobile units.

The property has a site area of approximately 0.91 acres.

WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 5

Metres 0 5 10 20 30 40 50

Scale: 1: 1250

Supplied by: National Map Centre Plot centre co-ordinates: 486450,159478 License number: 100031961 Download file: Produced: 26/01/2021 WATCHMOOR TRADE CENTRE Project name: LewisP_WatchmoorTC Serial number: 10203 WATCHMOOR ROAD CAMBERLEY GU15 3AJ

© Crown copyright and database rights 2021. OS 100031961 TENANCY AND ACCOMMODATION

The subject property is multi let in accordance with the tenancy and accommodation schedule below producing a current income of £231,133 per annum.

Area Area Lease Lease Rent Rent Rent ERV Address Tenant Breaks EPC ERV Comments (Sq m) (Sq ft) Start Expiry Review (£pa) (£psf) (psf)

Industrial Unit 1 Aria Catering Ltd 148.64 1,600 01-Nov-19 31-Oct-22 n/a n/a £17,800 £11.13 C £17,760 £11.10 Unit 2 Delvaux Ltd 148.64 1,600 01-Aug-16 31-Jul-22 n/a Rolling £17,766 £11.10 D £17,760 £11.10 Unit 3 Surrey Fire & Safety Ltd 148.64 1,600 01-Dec-15 30-Nov-21 n/a Rolling £17,766 £11.10 D £17,760 £11.10 Janice Mary Green & Steve Optix Unit 4 148.64 1,600 01-Dec-19 30-Nov-24 n/a 30-Nov-22 £17,800 £11.13 E £17,760 £11.10 T/A Brendas Unit 5 4Wheeler Ltd 292.64 3,150 01-Nov-16 31-Oct-26 01-Nov-21 Rolling £27,000 £8.57 D £34,965 £11.10 Unit 6 Extreme Homecare Ltd 116.13 1,250 25-Jul-19 24-Jul-24 n/a n/a £13,438 £10.75 D £13,875 £11.10 Unit 7 Fire Training & Services UK Ltd 92.90 1,000 14-Apr-20 13-Apr-25 n/a 14-Apr-23 £11,000 £11.00 E £11,100 £11.10 Unit 8 A-Spec Environmental Ltd 92.90 1,000 15-Jun-20 14-Jun-23 n/a n/a £11,000 £11.00 E £11,100 £11.10 Unit 9 Globe Electronics (UK) Ltd 92.90 1,000 26-Aug-20 25-Aug-23 n/a n/a £11,000 £11.00 D £11,100 £11.10 Unit 10 P.J.W. Global Ltd 92.90 1,000 01-Feb-20 31-Jan-23 n/a n/a £11,000 £11.00 E £11,100 £11.10

Workshop Unit 11 Pamela Jane Bridal Boutique Ltd 55.74 600 01-Oct-19 30-Sep-22 n/a 01-Oct-21 £4,500 £7.50 D £7,500 £12.50 Unit 11A WER4 Ltd 46.45 500 01-Sep-20 31-Aug-23 n/a 01-Mar-22 £5,500 £11.00 D £6,250 £12.50 Unit 12 Anne Matthews 18.58 200 10-Dec-19 09-Dec-22 n/a n/a £2,000 £10.00 E £2,500 £12.50 Unit 14 Liam Vickery T/A D & L Ceramics 18.58 200 16-Jan-17 15-Jan-23 16-Jan-20 Rolling £2,000 £10.00 D £2,500 £12.50 Unit 15 Complete Coaching Associates Ltd 65.59 706 01-Jan-19 31-Dec-23 n/a n/a £8,900 £12.61 C £8,825 £12.50 Unit 15A Plus Store A-Spec Environmental Ltd 18.30 197 07-Aug-20 14-Jun-23 n/a n/a £3,176 £16.12 D £2,462 £12.50 Unit 15B Regency Kitchens & Bathrooms Ltd 20.44 220 01-Jan-18 31-Dec-23 31-Dec-20 Rolling £2,720 £12.36 D £2,750 £12.50 Unit 16 Logic Contract Services Ltd 50.17 540 22-May-18 21-May-24 21-May-21 Rolling £4,860 £9.00 C £6,750 £12.50 Unit 17 Global Broadcast Ltd 77.11 830 01-Jul-18 30-Jun-24 30-Jun-21 Rolling £4,565 £5.50 D £10,375 £12.50 Unit 18 Prystine Ltd 29.82 321 01-Mar-16 28-Feb-22 n/a Rolling £2,889 £9.00 E £4,012 £12.50 Unit 19 Landlord Store 5.57 60 n/a n/a n/a n/a £- £- n/a £750 £12.50 Unit A PJW Global Ltd 60.39 650 07-Aug-20 31-Jan-23 n/a n/a £7,150 £11.00 E £8,125 £12.50 Unit B RB Plumbing and Heating South Ltd 118.26 1,273 01-Jan-17 31-Dec-22 01-Jan-20 Rolling £14,003 £11.00 D £15,912 £12.50 Unit C Ryan David James Salmon 13.94 150 08-Jul-19 07-Jul-22 n/a 08-Jan-21 £1,200 £8.00 D £1,875 £12.50 Unit D H.U.F Ltd t/a Papaya Decorating 78.97 850 01-Jan-19 31-Dec-21 n/a n/a £8,500 £10.00 D £10,625 £12.50 Unit E Front Management 41.81 450 01-Oct-18 30-Sep-21 n/a 01-Oct-20 £3,600 £8.00 E £5,625 £12.50 Total 2,094.67 22,547 £231,133 £261,117

WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 6 ERV

The lettings of units 7, 8 and 9 in the last 12 months has established an ERV of £11.00 psf for the industrial accommodation. Furthermore, in the last 6 months there have been several lettings and lease renewals nearby that have achieved rents of approximately £15.00 psf. Therefore we understand there is a great opportunity for a purchaser to benefit from further future rental growth.

WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 7 VAT PROPOSAL

Value added tax will / will not be applicable to the sale of this property. Offers in excess of£3,102,000 (THREE MILLION ONE HUNDRED AND TWO THOUSAND POUNDS), subject to contract and exclusive of VAT.

A purchase at this level will reflect anet initial yield of 7.0% and a potential reversionary yield of 7.90% after allowance for purchaser’s costs of 6.46%. CONTACT

For further information contact the joint agents: Stephen Raingold M: 07775 647 499 Duncan MacLaren MRICS [email protected] D: 020 7317 3132 M: 07770 648 755 Joseph Rantor [email protected] M: 07976 599 374 [email protected]

Suite 4, 56 Queen Anne Street, London W1G 8LA 15/19 Cavendish Place, London W1G 0QE Tel: 020 7317 3131 Tel: 020 7580 4333 www.lewisandpartners.com

SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT

LEWIS & PARTNERS LLP AND MACLAREN & PARTNERS FOR THEMSELVES AND FOR THE VENDORS OF THIS PROPERTY WHOSE AGENT THEY ARE GIVE NOTICE THAT:-

1. These particulars do not constitute any part of the offer for sale or contract for sale. 7. Any properties or drawings of the relevant property or part thereof or the neighbouring areas may not depict the property or the 2. All statements contained in these particulars as to this property are made without responsibility on the part of Lewis & Partners LLP and neighbouring areas at the date a prospective purchaser or tenant inspects the property. Prospective purchasers are strongly advised to MacLaren & Partners or the vendors or lessors. inspect the property and neighbouring areas. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 8. Lewis & Partners LLP and MacLaren & Partners have not measured the property and have relied upon clients information. Therefore Lewis 4. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in & Partners LLP and MacLaren & Partners give no warranty as to their correctness or otherwise and the purchasers must rely on their own these particulars. measurements. 5. Any plans or photographs or drawings shown in these particulars are to enable prospective purchasers or tenants to locate the property. The 9. All terms quoted are exclusive of value added tax unless otherwise stated. plans are photographically reproduced and therefore not to scale except where expressly stated. The plans, photographs or drawings are for 10. The vendors do not make nor do Lewis & Partners LLP and MacLaren & Partners any person(s) in their employment give any warranty identification purposes only. whatsoever in relation to this property. 6. No warranty or undertaking is given in respect of the repair or condition of the properties or any items expressed to be included in the sale. 11. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. 12. These details were prepared as of February 2021

Adrian Gates Photography & Design 07710 316 991