62 High Street, Colliers Wood, London, SW19 2BY

Local 62 High Street, Colliers Wood, London, SW19 2BY

Supermarket Investment with 15 years term certain 62 High Street, Colliers Wood, London, SW19 2BY

Investment Considerations ■■ Prime location on Colliers Wood High Street.

■■ In close proximity to Colliers Wood Actual view Underground Station (Northern Line- Zone 3). ■■ New 15 year lease from completion to Sainsbury’s Supermarkets Ltd (D&B 5A1) upon completion. ■■ Let at £90,000 pa which equates to £19.58psf.

■■ A505 Stevenage Completion due late 2015. Dunstable Stansted Luton Bishop’s A120 ■■ 5 yearly reviews on RPI basis per annum A418 LUTON Knebworth Stortford A5 A10 compounded (2%-4% collar and cap). A1(M) A602 A44 M1 A131 A130 ■■ No A34tenant break options. Aylesbury Harpenden Welwyn Garden City Hertford A40■ ■ We are seeking offers in excess of A414 M11 £1,600,000 (One Million Six Hundred A41 Hemel Harlow A12 OXFORD Berkhamsted St Albans Hatfield Thame Hempstead ThousandA4142 Pounds) subject to contract Chelmsford and exclusive of VAT. This shows an M10 A414 A138 A420 J21 A414 attractive net initial yield of 5.32% after A404 Potters Bar Chipping A4010 Chesham J20 Epping J23 Ongar allowing for purchaser’s cost of 5.8%. J19 J25 Computer generated image Borehamwood M25 J27

M25 Watford A1 Enfield A 2 M1 M111 A130 High Rickmansworth 8 Wandle Meadow

South Br A355 Billericay A413 H Nature Park is Wycombe co a e L Brentwoodd R o y a n Oxney Ro oa g d d le J28 rth Wickford y o o R Harefield N oa M40 n d s

R Harrow A10 o a A127 oad d R A12d R o Brent ad J29 n o bin Ruislip Ro Basildoniso o s th en U on Nor D n R Location A404 J16 Cross Romford i W o ve a r s d E C si r Wembley a o ty d st l R ie a le Benfleeto l o 63 HIGH STREET A40 l R Byegr g a R Uxbridge e d o Southend-on-Sea Colliers Wood is located in the London BoroughHenley-on-Thames of Merton, o R k Haydons Road a Sou o C r A34 d th R a a M d oad o t P a v d Canvey rlb a Maidenhead Recreation e e oro o approximately 12.8 km (8 miles) south of Central London, 2 miles R e ug R Slough A13 o r h R Ground M25 Stanford-le-Hopea t oa lk d d o Southall S Island f r

A404(M) LondonA east of Wimbledon and approximately 2 miles south of Balham. LONDON h o 2 ig N

J15 1 City H W M4 8 i C lt W Colliers Wood is a densely populated south-west London suburb, avendis o Fulham Wandle h Road n

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a o Hounslow A2 Park A a d y d popular with both City workers and families. l a e V o Clapham d a lle R Heathrow Ba y

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s d k on e Colliers Wood

Communications are excellent with Central London being within v C e n

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s i r A329(M) Ashford o Recreation GroundSheerness

a COLLIERS WOOD t easy reach by London Underground (Colliers Wood, Northern Line), Egham c dens d r

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road (30 minutes) and over-ground rail with Tooting Railway Station P R

Ascot r o d Wokingham J12 Bromley io a 30 minutes to London Waterloo / London Kings Cross. A309 A23 Swanley ry M3 A3 Rd d J3 Gillingham oa A322 Rochester R et ey Croydon n High Stre rtn to d u Colliers Wood has and continues to benefit from significant Walton-on-Thames 8 Mer Currys o A21 A23 a C Bagshot A232 PC WorldM2o R regeneration, which includes a new town square being generated M25 M20 h Road Sutton c escue Sandhurst M25 r Fort to complement the redevelopment of Colliers Wood Tower Epsom u Sittingbourne Sainsbury’s h c Shoreham Snodlandt s and M&S i to residential units. The area has become synonymous with J10 r Woking A217 h A339 Biggin Hill C new residential and retail developments driven by its close A22 ay W T J9 J5 M26 tun M20a eran n d Famborough M 6 proximity to London. e

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A23 Haywards Heath

Burgess Hill Tenancy The property will be let to Sainsbury’s Supermarkets Ltd from the date of completion for a term of 15 years on full repairing and insuring terms. An Agreement to Lease dated 5th February 2015 has been signed by both parties. The passing rent will be £90,000 per annum exclusive of VAT and the lease is subject to annual Retail Price Index linked rent reviews compounded on a 5 yearly basis. The RPI uplift is subject to a collar of 2% and a cap of 4%. This rent equates to £19.58 psft.

Timing Sainsbury are due to commence their fit out very shortly and are hoping to be open for trading in December 2015.

Situation Description Covenant The supermarket will be prominently situated fronting Colliers The property comprises the ground floor of a 3 storey brick built Sainsbury’s Supermarket Limited (t/a Sainsbury’s Local) Wood High Street which provides access to Tooting Bec Road building- the upper 2 floors will provide new residential units and Sainsbury’s Supermarket Limited is a chain of British supermarkets founded in 1869 and (A214) to the north and Morden Road (A219) to the south. they will be sold off on a long lease. The ground floor unit will operates over 1,200 supermarkets and convenience stores and employs approximately provide a new supermarket with loading facilities from the front. The property benefits from close proximity to Colliers Wood 161,000 people. Underground Station which is situated approximately 320m Sainsbury’s are one of the leading food store operators in the UK and is well-established to the south of the property. Colliers Wood provides a mix of Accommodation as one of the “Big Four” which dominate the UK’s grocery market. local and multiple retailers/ restaurants and the immediate area is of mixed used with retail offices and residential occupiers. The property will comprise a net internal area of 4,596 sq ft Sainsbury’s Supermarkets Limited reported the following results for the last three years. There are plans afoot to convert the adjoining Community (427 sq m) on the ground floor only. March 2014 March 2013 March 2012 Centre to a mixed use nursery/ residential scheme which (£000’s) (£000’s) (£000’s) will enhance the immediate vicinity greatly. Sales Turnover 23,919,000 23,290,000 22,288,000

Profit/(Loss) Before Taxes 810,000 616,000 1,114,000

Tangible Net Worth 4,706,000 4,507,000 4,509,000 EPC VAT A certificate is available upon request The property is subject to VAT.

Proposal We are instructed to seek offers in excess of £1,600,000 (One Million Six Hundred Thousand Pounds) subject to contract and exclusive of VAT for the virtual freehold interest. A purchase at this price reflects a net initial yield of 5.32% assuming standard purchasers cost at 5.8%.

For further information or to make arrangements for viewing please contact:

Richard How Alex Butler 020 7543 6825 020 7543 6722 [email protected] [email protected] www.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 06.15