A2042

Industrial Investment within a major redevelopment zone adjacent to Ashford International Station

Ashford International Station

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A2042

Victoria Road 3

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KEY DEVELOPMENTS 1. Supermarket/ Brewery & Visitor Centre development 2. Residential led mixed use development 3. Residential development

ONE VICTORIA ROAD & CHUNNEL INDUSTRIAL ESTATE | VICTORIA ROAD, ASHFORD, TN23 7HJ INVESTMENT SUMMARY

• Rare opportunity to acquire two industrial assets close to Ashford International Station.

• Victoria Road is undergoing a major regeneration with current development including over 900 new residential units, a hotel, a new Aldi supermarket, Chapel Down brewery and exhibition centre for their ‘Curious Brew’ brand and new offi ces.

• Ashford Town Centre and Ashford International station are both within close walking distance.

• Junctions 9 and 10 of the M20 are approximately 2 miles from the asset, providing excellent coverage of the south east of and connectivity to the national motorway network.

• Both sites held freehold.

• Eleven units totalling 41,426 sq ft across two separate sites. We are instructed to seek offers in excess of £3,700,000 (Three million seven hundred thousand pounds), subject to contract and exclusive of VAT. This price • to seven tenants at a rent of £285,960 per annum equating Fully let refl ects a after allowing for purchaser’s costs of 6.52%. to a of £6.90 per sq ft. 7.25% Net Initial Yield low average rent Based on our estimates of ERV the reversionary yield at the purchase price is 7.86% reversionary yield. • Strong reversionary potential based on local market comparable evidence at over £8.00 psf. This price equates to a low capital value of £89 per sq ft. Consideration will be given to offers for both holdings in isolation. Further • subject to planning. Potential for higher value use development, information available upon request.

ONE VICTORIA ROAD & CHUNNEL INDUSTRIAL ESTATE | VICTORIA ROAD, ASHFORD, KENT TN23 7HJ New 18,500 sq ft Quinn Estates and U & I Aldi Supermarket residential development LOCAL DEVELOPMENT MAP providing 660 homes

Development of Elwick Place – 100,000 sq 59 fl ats on former Travis ft leisure and restaurant Perkins site development www.elwickplace.com

U&I development comprising 200 PRS Ashford College – New apartments, 120 bed hotel 14,5000 sq ft teaching block and three retail units with 16 residential units above http://victoriawayashford.com

First Phase Ashford Commercial Quarter – 60,000 Chapel Down Brewery sq ft speculative offi ce & Visitor Centre development http://www.ashfordfor.com/space- to-grow/commercial-quarter Ashford International Station - 38 minutes to St Pancras Station

Boundary for indicative purposes only

ONE VICTORIA ROAD & CHUNNEL INDUSTRIAL ESTATE | VICTORIA ROAD, ASHFORD, KENT TN23 7HJ Daventry A6 A428 Bury St Edmunds Stratford-upon-Avon Cambridge A12 Bedford A429 A1 M40 A43 Banbury Sudbury Ipswich Felixstowe Milton A10 A12 A131 Buckingham M1 A1M Keynes A5 M11 Stevenage Bicester Stanstead Luton Colchester Bishop A120 A34 Stortford A133 St. A12 A40 Aylesbury LOCATION CONNECTIVITY SITUATION A41 Albans J8 A10 M40 A414 Chelmsford High M25 Abingdon Wycombe A12 Watford

A127 Southend-on-Sea Maidenhead A20 LONDON M25 A130 Reading A28 J9 M4 Heathrow J13 M25 Marlborough A2 Bracknell Bromley Newbury Wokingham A292 M20 Croydon M20 A346 Sutton A28 Woking M26 M2 Basingstoke M3 A34 Farnborough M25 Guildford A28 A2 Chart Rd A21 M20 A24 M23 Andover Ashford A229 A2042 A31 Gatwick Ashford Godalming Royal Leacon Rd A3 A22 Tunbridge Wells A2070 A2042 M20 Winchester Horsham A26 M3 Road Links Victoria Park A36 A272 Ashford International A272 A259 A21 M20 (J9) 2 miles to the north M27 Chichester A27 M20 (J10) 2.5 miles to the south east Brighton Bognor Regis Maidstone 23 to the north west

Ashford is located in the county of Kent at the southern edge Rail Links from Ashford International The subject sites are located on Victoria Road which is accessed of the , 57 miles south east of Central London, via the A2042 to the east or Leacon Road to the west, which 23 miles south east of Maidstone, 17 miles north west of links to the A28 (Chart Road). Folkestone and 24 miles west of the Port of . London St Pancras - 38 minutes The site is within close walking distance of Ashford Town Centre The 2011 consensus revealed that the of Ashford saw London Cross - 1 hour 2 minutes and Ashford International Railway station. the largest population growth in Kent with records showing a London Victoria - 1 hour 30 minutes is approximately 1.1 miles to the south 14.6% rise to approximately 118,000 inhabitants. east of the site and has 80 discount concessions, restaurants, Paris - 1 hour 52 minutes Junction 9 of the M20 is approximately 2 miles to the north and cafes and a children’s play area. Junction 10 is approximately 2.5 miles to the south east of the The immediate surroundings form part of a major regeneration subject site. Ports plan being implemented by to Ashford International Station provides regular high-speed include residential and commercial development. services into London, as well as international services to Paris, Folkestone – 18 miles to the south east The nearest industrial estates are approximately 0.5 miles to the Brussels and Lille. Dover – 24 miles to the south east west of the estate on Leacon Road with local occupiers including Watling Tyres, Thermo Fisher, BP and Matalan.

ONE VICTORIA ROAD & CHUNNEL INDUSTRIAL ESTATE | VICTORIA ROAD, ASHFORD, KENT TN23 7HJ ONE VICTORIA ROAD SITE PLAN CHAPEL DOWN IN ASHFORD

The property comprises a 12,061 sq ft (1,120 sq. m) single-storey industrial warehouse with ground fl oor offi ces. The building is formed of a steel portal frame with new metal roof comprising approximately 10% roof lights. The building’s elevations are a mix of cladding and brickwork.

The minimum eaves height is approximately 5.25m. Loading is via two roller shutter loading doors and there is a substantial self-contained yard Chapel Down Group have acquired a site close to One Victoria servicing the warehouse which has a maximum depth of approximately Road on which it is planning to develop a Curious Brew Visitor 50 metres. Centre which will include brewery tours, a restaurant and bar, a visitor centre and brewery. £1.5m of funding for this The current tenant Chapel Down Group Plc use the property as a bonded development was secured in 2016 via a crowdfuding campaign. warehouse for the packaging and distribution of their wines. To obtain the bonded warehouse status they had to obtain a license from HMRC. This development forms part of a larger regeneration of the entrance to Victoria Way to include an Aldi supermarket, 120 Prior to the current letting, the Landlord undertook a substantial bedroom hotel and 210 new homes (see plan on page 2). refurbishment programme which included: Boundary for indicative purposes only Below is an image of the proposed e