READING SERVICE STATION NEW BATH ROAD (A4), CHARVIL, RG10 9RL

FORECOURT AND CONVENIENCE STORE INVESTMENT WITH A GUARANTEE FROM CO-OP GROUP LTD AND LONGER TERM DEVELOPMENT POTENTIAL CHARVIL SERVICE STATION FORECOURT AND CONVENIENCE STORE INVESTMENT WITH A GUARANTEE NEW BATH ROAD (A4), CHARVIL, READING, RG10 9RL FROM CO-OP GROUP LTD AND LONGER TERM DEVELOPMENT POTENTIAL

INVESTMENT CONSIDERATIONS • Highly visible petrol filling station located on the busy A4 linking • Estimated fuel volume 3.9m litres per annum Reading to • Freehold • Let to Somerfield Stores Ltd guaranteed by the excellent covenant of • Prominent Site on the busy A4 with an area of 0.5 acres (0.2 ha) Co-Operative Group Ltd for a further 7.25 years • Long Term Redevelopment Potential (STP) • No Breaks • Offers sought in excess of £2,400,000 (Two Million Four Hundred Thousand • Current rent passing £145,848 per annum subject to fixed increases Pounds) subject to contract and exclusive of VAT. A purchase at this level of 2% per annum reflects a net initial yield of 5.75% assuming purchasers costs at 6.36%. CHARVIL SERVICE STATION FORECOURT AND CONVENIENCE STORE INVESTMENT WITH A GUARANTEE NEW BATH ROAD (A4), CHARVIL, READING, RG10 9RL FROM CO-OP GROUP LTD AND LONGER TERM DEVELOPMENT POTENTIAL

Bicester A505 Stevenage A131 Luton A120 Stansted A120 A44 Luton A120 A418 A5 Knebworth Woodstock A41 A10 A602 Oxford M40 M1 A1(M) A131 A34 Aylesbury M11 A130

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A329 A404(M) Windsor A20 A321 Clapham READING Richmond Dartford M4 Staines A316 A2 A329(M) Gravesend Ashford Kingston J2 Upon Thames A20 A2 Ascot Bromley Charvil is a village to the east of Reading 5km (3 miles) on the linking Reading toNewbury J12 A309 A23 A322 J3 Gillingham A24 Croydon London via Maidenhead. The immediate surrounding area is extremely affluent with the A232 A21 M2 A33 Sutton M20 Tadley Sandhurst M3 Epsom Sittingbourne J10 attractive Thameside village of close by. Woking A217 Biggin Hill A339 A22 ad J9 J5 M26 M20 Ro READINGFarnborough & TWYFORD STATIONSA3 DIRECT LINK TO LONDON se ou M25 Sevenoaks H Fleet A331 il Maidstone v J7 har J8 J6 C A34 Oxted

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L Charvil Lane a n e DEMOGRAPHICS Reading has a primary catchment population of approximately 388,000 people with

the town providing a well-integrated service economy combining a highly skilled local d a o s workforce, with half of the working population holding higher education qualifications, orn R The Hawth P h a and a diverse range of business types, in particular technological, financial and t s r rn k a o L B h t a professional services. Close to 70% of total employment is within the private sector, w n e 4 a H A significantly above the retail PROMIS average.

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CHARVIL SERVICE STATION FORECOURT AND CONVENIENCE STORE INVESTMENT WITH A GUARANTEE NEW BATH ROAD (A4), CHARVIL, READING, RG10 9RL FROM CO-OP GROUP LTD AND LONGER TERM DEVELOPMENT POTENTIAL

Star Charvil, New Bath Road, Charvil, Reading, RG10 9RL

SITUATION The property is prominently situated on the A4 (Bath Road), a core arterial route linking Reading to London.

The petrol station is located on the busy Charvil roundabout which A4 provides access off the A4 into Twyford (which will benefit from Crossrail) and Sonning.

DESCRIPTION The forecourt benefits from dual access with entrances from the A4 (Bath Road) and the A3032 (Old Bath Road). The property provides 12 pumps and a medium sized Co-Op convenience store offering with ATM facilities. The retail accommodation totals 1,292 sq ft (120 sq m), of which the sales area is approximately 960 sq ft and the site offers 6 customer car spaces. There is a former car wash which now comprises storage accommodation providing 503 sq ft (46.7 sq m). It is worth noting that the forecourt is open 24 hours a day, 7 days a week.

SITE AREA 0.5 acres (0.2 hectares).

© Crown Copyright, ES 100004106. For identification purposes only.

created on Plotted Scale - 1:1,250

Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. CHARVIL SERVICE STATION FORECOURT AND CONVENIENCE STORE INVESTMENT WITH A GUARANTEE NEW BATH ROAD (A4), CHARVIL, READING, RG10 9RL FROM CO-OP GROUP LTD AND LONGER TERM DEVELOPMENT POTENTIAL

TENURE TENANCY Freehold. The property is let to Somerfield Stores Ltd guaranteed by the excellent covenant of Co-Operative Group Ltd for 20 years from 21st June 2007 expiring 20th June 2027 at a current rent of £145,848 pa. The lease benefits from annual fixed uplifts based on 2% compounded with the next uplift to take place on 21st June 2020.

COVENANT The Co-operative Group is one of the largest retailers in the UK operating in a range of areas including food, clothing, insurance and funeral services. The Co-op is the UK’s 6th largest food retailer with over 2,500 local, convenience and medium size stores and employs over 70,000 people. They make up 6% of the grocery market share. A summary of the accounts for The Co-operative Group Ltd is below:

05/01/2019 06/01/2018 31/12/2016 Turnover £10,162,000,000 £9,470,000,000 £9,472,000,000 Pre Tax Profit £93,000,000 £72,000,000 (£132,000,000) Total Net Worth £1,998,000,000 £2,191,000,000 £2,298,000,000 VAT EPC PROPOSAL The property is elected for VAT and it’s anticipated EPC is available within the the transaction will be treated as a transfer of a dataroom. Offers sought in excess of £2,400,000 (Two Million Four Hundred Thousand Pounds) going concern (TOGC). subject to contract and exclusive of VAT. A purchase at this level reflects a net initial AML yield of 5.75% assuming purchasers costs at 6.36%. A successful bidder will be required to provide information to satisfy the AML requirements when Head of Terms are agreed. For further information or to make arrangements for viewing please contact: DATAROOM Jonathan Butcher Ronnie Morgan For access to the Allsop dataroom please use the following link: 020 7543 6755 020 7543 6808 https://datarooms.allsop.co.uk/register/charvilpetrol [email protected] [email protected] allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 03.20