Prime Leisure Investment in Central Croydon M1 A406 Location M25 2 2
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GRANTS ENTERTAINMENT CENTRE 12-32 HIGH STREET CROYDON CR0 1RE PRIME LEISURE INVESTMENT IN CENTRAL CROYDON M1 A406 LOCATION M25 2 2 M40 HARROW 1 A1 Croydon is London’s largest borough by population, totalling 363,400 (2011 census) and a 1A/16 1 A10 A12 WEMBLEY major commercial centre and considered the most connected urban location in the South East. A406 A5 UXBRIDGE A40 The town is located 10 miles south of Central London and 10 miles north of the M25. LONDON SLOUGH EALING A40 Croydon’s superb transport links to key destinations in London and the South East make it a 7 6 CHISWICK A4 4 M4 HAMMERSMITH SOUTHWARK thriving commercial and retail hub. Rail links between East Croydon and Central London are fast 15 3 2 5 1 CHELSEA FULHAM – only 16 minutes to London Victoria; 12 minutes to London Bridge. Gatwick International Airport WINDSOR 14 A202 HEATHROW HOUNSLOW AIRPORT A205 is just 14 minutes away. A20 RICHMOND DULWICH 13 A316 A205 Croydon has a retail catchment population of over 2.5m making it the 13th biggest centre in the WIMBLEDON A3 A23 UK. The town is expected to provide an additional 19,000 homes by 2026. A308 M25 1 SIDCUP STAINES KINGSTON BECKENHAM MITCHAM BROMLEY 2/12 A24 A309 CROYDON M3 11 SUTTON ORPINGTON 3 million people live within WEYBRIDGE A232 A232 A3 PURLEY a 10 mile radius of Croydon. EPSOM 10 A24 BANSTEAD A237 WOKING 9 A22 24 LIVERPOOL ST A320 MIN LEATHERHEAD M25 A3 CATERHAM A246 7 INVESTMENT SUMMARY LONDON 8 6 SEVENOAKS VICTORIA WATERLOO BRIDGE CANARY WHARF REDHILL A25 A25 • Central Croydon’s only dedicated leisure scheme. – Lloyds No 1 bar and restaurant • Croydon is an exciting growth location with a proposed 16 20 12 26 GUILDFORD REIGATE MIN MIN MIN MIN A25 capital investment programme of over £5bn, with over A22 • Located on High Street, 50 metres from North End – Nando’s restaurant A3 9,500 new homes expected over the next 5 years. M23 Croydon’s principal pedestrianised shopping street – Vacant restaurant unit and conveniently accessible for numerous bus and • Numerous asset management opportunities to enhance A24 9 tram routes through central Croydon. the scheme. CLAPHAM CROYDON GATWICK • Let to 6 tenants on 7 leases producing an income MIN AIRPORT • Highly accessible location 2-3 minutes’ walk from of £2,830,636 per annum with contracted rental • Excellent provision of local town centre car parks. The Whitgift Centre and Centrale, soon to be Westfield. uplifts in March 2017 to £3,069,836 and March 2022 • Seeking offers in excess of £34,525,000 (thirty four • Prominent modern purpose built 160,840 sq ft leisure to £3,347,134. million five hundred and twenty five thousand pounds), Footfall in Croydon has TRANSPORT KEY FACTS: scheme comprising: • Excellent income security with 82% of rental income subject to contact and exclusive of VAT. increased to 2.4m per • 30 train services an hour to • £30m investment program – Virgin Active Health Club with 20m pool from D&B 5 A1 rated covenants. • Attractive net initial yield of 7.75% with an anticipated central London reversion on letting vacant unit to 7.88% with further fixed • UK’s biggest tram service carrying – 10 Screen Multiplex VUE cinema • Highly attractive long term income with 12.36 years month – up 6.3% against rental increases (VUE fixed uplift) in March 2017 to 8.53% • 11 train services an hour to Gatwick 28m passengers per year AWULT with no break clauses. GATWICK 14 – Tiger Tiger and Reflex bar/nightclub and in March 2022 to 9.29%, after purchasers’ costs of 5.8%. MIN a national 3.5% decline. 2 GRANTS ENTERTAINMENT CENTRE 12-32 HIGH STREET CROYDON CR0 1RE PRIME LEISURE INVESTMENT IN CENTRAL CROYDON 3 Maps not to scale. For indicative purpose only. CROYDON SITUATION WEST CROYDON STATION Grants Entertainment Centre is located 50 metres from North End which is the prime pedestrianised retail pitch running Croydon is set to North/South through central Croydon. Accordingly there is excellent accessibility to Croydon’s principal shopping centres HOUSE OF FRASER become London‘s being the Whitgift Centre and Centrale (soon to be Westfield) 1,050 SPACES within only 2-3 minutes’ walk away. biggest growth centre Grants Entertainment centre is highly accessible being situated WHITGIFT DEBENHAMS CENTRALE with more than between East and West Croydon stations. 10 local bus routes SHOPPING CENTRE service George Street station which is 75m east of the subject CENTRE £5.25bn worth of property. Additionally the Tramlink has dramatically improved 580 SPACES east-west links through the town and now carries in excess of PRIMARK RUSKIN SQUARE investment expected 28 million passengers a year. The system is the UK’s biggest 685 SPACES NORTH END PARK STREET tram network and connects Croydon to Wimbledon in the East in the next five years. and to Beckenham and New Addington in the West. PARK LANE Croydon town centre has an excellent parking provision with over 2,500 spaces, all within a 10 minute walk from the subject HIGH STREET (Source: Develop Croydon) property. The closest car park, Qpark Multi-storey providing ST GEORGES HOUSE EAST CROYDON STATION 685 spaces is located immediately to the west of the property, linked via a footbridge serving the property. CROYDON COLLEGE TABERNA COLLEGE ROAD OVER THE NEXT 5 YEARS: HOUSE NEW • 2.8m sq ft of Grade A office space. THE CROYDON FLYOVER CIVIC HUB • £1bn Westfield/Hammerson retail scheme – Europe’s largest urban retail destination. 2,500 car parking spaces • 7 new hotels. • 28 new public squares and spaces. within 10 minutes walk • 9,500 new homes. • International business clusters in financial services, engineering, tech & media and government. • A revitalised and vibrant city centre environment. 4 GRANTS ENTERTAINMENT CENTRE 12-32 HIGH STREET CROYDON CR0 1RE PRIME LEISURE INVESTMENT IN CENTRAL CROYDON 5 F R E E M 1 D 1 A S 2 O O A WIND MIL L P L A N S R D C E 1 B R IDG E L 2 O 7 10 152 A E L WE T F I E L D T O N C L O S EN 1 A A N R H P O C N 56 5 54 S AD 2 A ’ 17 R 35 D B R R E I DI Croydon Primary RT D G D E E R O 2 SC AC W OA B R Care Trust L 1 OM Church of Y R O P 2 A AM BE 43 L the Nazarene D D E M R A A O L 33 90 St. Mary’s Catholic 6 O U E R D A G D NH A D S A Lidl E O T High School A AL O N R P H A M E S R YD S OA RO D S O L R 60 L 2 C CK D 51 Fitness First L 46 O O E D 64 R O A T W I E D A N P N S L A 159 N R I C E CROYDON KEY SCHEMES U B 5 V 17 O W O D W A Lennard Lodge T D 3 R O A Child & Family Clinic P 11O AR R Prospect St. Mary’s RC N St. Mary’s 58 L ES E V E L 69 S D G R O I E GR O N ’ S L First Junior School OV E Catholic Church 43 L E S L I E E 135 R I F 2 Montessori 20 M K E 7 C O A E WN Day Nursery A A L O 22 P D A E 134 S R O E N Land Registry Office GROV E D S D West Croydon O N ’ D 81 D S LIE R A A C K S A O Trafalgar House J A C E E 131 G R Methodist Church 8 P L L R O A D S 1 20 W 1 K 13 E W C R E A 30 R R D St. Mary’s Catholic N TE A L 1 A E OH N’S D 49 P L J L 11 22 West O E L Infant School A A E R S I E L L 38 S S CO L L O E 1 2 3 4 5 6 7 68 1 E N L 142 B CR Y BED E K B R R CCrroydoydon L 5 P LE A Y 5 3 R P L F O 42 ST O ORD O D A 24 O V Croydon C R OR S 130 1 E N E O I P D A S A E N O DF A E BE R L LSON Delta D Tabernacle A K R R T B Point D O R A O A 33 A 4 D A CL E 1 A S H 1 D O L O T 1 83 S C E E BEDF N N E Y C AC S D L O R R O D P R P LA D C E O A 61 O E M West CrCrooydydon S UK Border Agency P T 6 N A . Y R M I Home Office S C H R O 14 A N E L D ’ S R O R ’S A D R M E E Subway A 23 42 A H D O 54 D O A E 3 5 R S O C L O 2 166 A E St.