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EGHAM – 195-198 HIGH STREET Affluent London Commuter Town Investment Opportunity, with Massing Potential (STPP)

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EGHAM – 195-198 HIGH STREET Affluent London Commuter Town Investment Opportunity, with Massing Potential (STPP) EGHAM – 195-198 HIGH STREET Affluent London commuter town Investment Opportunity, with massing potential (STPP) Sat Nav Ref: TW20 9ED INVESTMENT SUMMARY 2 • Situated in Egham, an affluent and vibrant university town on the outskirts Price: £1,500,000 of Greater London. Rent: £103,000 per annum • Egham has fantastic road and transport infrastructure which has made Yield: 6.47% it popular amongst London commuters. Capital Value: £300 psf • The subject property holds one of the most prominent positions in the town. • Egham has a substantial affluent student population as it is home to Based on the fixed rental uplifts, the Royal Holloway University. running yield until 2024 will be as follows: • A £60 million redevelopment is taking place within Egham Town Centre Date Yield Fawcett Mead Fawcett providing modern retail and residential space. EGHAM • Let to two long-established independent businesses, plus a popular Dec - 2021 6.63% takeaway business. Dec - 2022 6.91% – 195-198 HIGH STREET HIGH 195-198 • Nearby tenants include: Dec - 2023 7.07% • Freehold Dec - 2024 7.23% A10 A414 Bovingdon A1(M) Chipping Ongar Kings Langley M25 Cheshunt Epping Potters Bar HERTFORDSHIRE Waltham Abbey M1 ESSEX Radlett Theydon Bois Enfield Lock Hadley Wood A1 A10 A41 Loughton Cockfosters M11 M25 Watford Barnet Enfield A12 Winchmore Hill Oxhey Chingford Borehamwood Chigwell Palmers Green Brentwood Rickmansworth Bushey Buckhurst Hill Grange Hill Friern Barnet Edmonton Hainault Stanmore Edgware Harold Hill Mill Hill A406 Highams Park Chelfont Hale End St Peter Colindale Finchley Higham Woodford Collier Row Wood Green Tottenham Hill Gidea Park Northwood Queensbury Clayhall Wealdstone Hendon Muswell A12 Romford East Hill Hornsey Finchley Walthamstow Barkingside A127 Crouch End Chadwell Harrow Kingsbury Gants Hill Gerrards Cross Kenton A12 Newbury Heath Hornchurch Golders Highgate Park Upminster Green Stoke Newington Upper Clapton Ruislip Pinner Harrow Leytonstone on the Hill A406 Goodmayes A1 Highbury Leyton Ilford Becontree Sudbury Elm Park Neasden Hampstead Kentish Lower Forest Town A10 Clapton Gate Cricklewood A41 Wembley Canonbury Northolt Willesden Hackney Stratford Camden Town Upton Barking Dagenham Uxbridge Kilburn Islington A13 NEWHAM A40 Kensal Green Bow East Ham Iver Hillingdon Perivale St John’s Shoreditch Rainham M25 Heath Maida Vale Wood Plaistow Yeading CITY OF Stepney South M25 Greenford Marylebone Limehouse Beckton Ockendon Hayes LONDON Notting Hill Strand Poplar Southall CITY Thamesmead Rotherhithe AIRPORT A312 Acton Shepherd’s Ealing Bush Bermondsey Isle of Westminster Woolwich Hammersmith Deptford Dogs A102 Plumstead Charlton Purfleet M4 Chiswick A4 3 Erith Grays Brentford Vauxhall Greenwich Barnes Kennington M4 Heston A4 BEXLEY Fulham Battersea A2 East Blackheath Wickham Kew Camberwell Hounslow Isleworth A2 HEATHROW Lewisham Putney Wandsworth A2 AIRPORT A205 Peckham Bexleyheath Dartford A30 A3 Brixton St Margarets Richmond Clapham Whitton Eltham Feltham Dulwich A205 A214 Tulse Hill A316 Ham Forest Hill A30 Twickenham Catford A2 Sidcup Staines Streatham Teddington New Malden Crystal Penge EGHAM A308 Wimbledon A24 Palace A20 Hampton Kingston Chislehurst A308 upon Thames Upper Norwood A23 Raynes Park Beckenham Swanley Sunbury East Bromley Virginia Water Mitcham Molesey Morden Thornton M3 Heath Petts Wood Fawcett Mead Fawcett Surbiton EGHAM Chertsey A309 West Wickham Orpington Eynsford Worcester Park Croydon Hayes Walton-on- A24 A232 Thames Carshalton Esher Cheam Keston Sutton – Chobham Weybridge New Addington STREET HIGH 195-198 Claygate Chessington A21 M25 Ewell A23 M20 A243 Shoreham A3 Downe Oxshott Epsom Purley M25 Cobham KENT LOCATION A24 A240 Kenley Stoke D’Abernon Biggin Hill Woking Ashtead Banstead Warlingham Coulsdon M26 Egham is aA3 university town in the Borough of Runnymede in Surrey, approximately Ripley Burgh Heath A22 20 miles east of central London and 18 miles to the west of Reading. Tadworth A217 SURREY Leatherhead M25 Caterham Sevenoaks University of LondonEast Royal Horsley HollowayFetcham College with its populationKingswood of circa 10,000 M25 Westerham students liesWest Clandon approximately 1 mile away at EnglefieldWalton on the Hill Green. Strode’s Sixth Form Merstham Oxted College is situated under 300 meters to the east of the subject property and currently A21 Guildford Reigate Godstone has approximately 1300 students.Dorking Redhill Bletchingley The M3 motorway is located approximately 2 miles to the south of Egham, providing direct vehicular access into London and down to Southampton. In addition, the M25 runs through Egham allowing for easy travel to London’s popular suburban towns by commuters. Egham railway station is located towards the southern end of the town centre. Trains run frequently to London Waterloo with a journey time of approximately 40 minutes which has attracted many London commuters. Reading station is also directly accessible with a journey time of around 45 minutes. London Heathrow is located just north of Egham with a journey time of 15 mins by car. Gatwick and London Luton airports are also in reasonable proximity with a car journey times of 40 minutes and 50 minutes. 4 Fawcett Mead Fawcett EGHAM EGHAM – 195-198 HIGH STREET HIGH 195-198 DEMOGRAPHICS In 2018, Egham boasted an affluent population of around 28,000, with Royal Holloway University is situated 1 mile to the east around 30% being classed as of AB social status indicating high amounts of Egham town centre and currently has well in excess of disposable income (CityPopulation). of 10,000 students attending. The university is ranked in the top 300 universities worldwide by the Times Higher The town has attracted several major office occupiers including Proctor Education World University Rankings. Strode’s Sixth Form & Gamble, Centrica /British Gas, Future Electronics, Belron and Kerry College is situated in the town centre, with a student population of approximately Foods. Smaller local companies also are attracted to Egham such as 1300. This large student population within Egham brings with it a large amount of Wilkins Kennedy and Menzies due to the towns close proximity to London disposable income which can only benefit businesses within Egham. and excellent infrastructure. 5 Fawcett Mead Fawcett EGHAM EGHAM – 195-198 HIGH STREET HIGH 195-198 CGI of Egham Gateway West Development RETAILING IN EGHAM Retailing in Egham is focused towards the western end of High Street, the town’s 100% prime retail thoroughfare. High Street boasts a variety of tenants from national retailers to small independent businesses and cafes. Some notable national retailers here include: A £60 million redevelopment is currently taking place at Egham Gateway West, bounded at Station Road North, High Street and Church Road where a new retail and residential space is to be created by late 2021. The redevelopment highlights include 100 new homes, a 100 bed student block, shops, restaurants and a four screen cinema. Royal Holloway University 6 Fawcett Mead Fawcett EGHAM EGHAM – 195-198 HIGH STREET HIGH 195-198 SITUATION The subject property is situated at the eastern end of High Street, at the roundabout where High Street meets Egham Hill (A30), opposite from the newly refurbished Kings Arms and diagonally opposite the Maranello Showroom. Some notable nearby national covenants include: DESCRIPTION The subject property comprises an end-terrace building of traditional brick construction, and is arranged over the ground and first floor. The first floor is accessed via a designated entrance on High Street. The property benefits from a large 11 space car park and services area, found at the rear of the property, which is located just off Milton Road. The property presents deliverable massing opportunities (STPP), and in keeping with the remainder of the parade. 7 Fawcett Mead Fawcett EGHAM EGHAM – 195-198 HIGH STREET HIGH 195-198 TENANCY SCHEDULE & ACCOMMODATION Address Tenant Lease Term Start Date End Date Rent (p/a) Area (sq ft)* Comments Stepped Rent: Pepperstitch 01/08/2020 – 31/07/2022 – £25,500 pa 195 High Street 6 years 01/08/2019 31/07/2025 £25,500 1,200 Design Limited 01/08/2022 – 31/07/2024 – £27,500 pa 01/08/2024 – 31/07/2025 – £30,000 pa 5 yearly rent reviews higher of OMV or RPI. Stepped Rent: Cheeky Chicken 198 High Street 15 years 16/04/2020 15/04/2035 £32,500 1,300 16/04/2020 – 15/04/2021 – £32,500 pa and Grill Limited 16/04/2021 – 15/04/2023 – £35,000 pa 16/04/2023 – £37,500 pa 196-197 High Street Tecnica Building Stepped Rent: 5 years 01/08/2019 31/07/2024 £45,000 2,500 (First Floor) Services Limited 01/08/2022 – £47,500 pa Total £103,000 5,000 *All properties are let on FRI leases. *There has been no rental concessions during lockdown. *Fawcett Mead have not measured the subject property. 8 TENURE Freehold. COVENANT INFORMATION Fawcett Mead Fawcett EGHAM EGHAM Pepperstitch Design Limited (02994275) Pepperstitch Designs are a well-established interior design company who trade on the most part – 195-198 HIGH STREET HIGH 195-198 throughout Surrey and the south east of England. They have been in occupation at the property for over 15 years. Cheeky Chicken and Grill Limited (12042035) Cheeky Chicken and Grill are a newly established fast food takeaway company serving a wide variety of chicken-based takeaway meals. The company have Cheeky Chicken and Grill Limited invested in excess of £125,000 and have extensively refitted the property to help meet their already popular demand. Tecnica Building Services Limited (03507987) Tecnica Building Services
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