Jericho, Oxford, Ox1 2Hu

Home , Little Clarendon Street, Oxford railway station, Radcliffe Observatory, Walton Street

CO-OP & OXFORD WINE CAFÉ 123-127 WALTON ST. & 32 LITTLE CLARENDON ST. JERICHO, OXFORD, OX1 2HU

PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY CO-OP & OXFORD WINE CAFÉ PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY

INVESTMENT SUMMARY RADCLIFFE OBSERVATORY QUARTER n Oxford is one of the of the UK’s top OXFORD UNIVERSITY PRESS KEBEL COLLEGE retailing and academic cities BLAVATNIK SCHOOL OF GOVERNMENT n Prominent convenience store and WOODSTOCK ROAD ASHMOLEAN MUSEUM

wine bar located in the very affluent SUBJECT PROPERTY Jericho area of Oxford

n Situated adjacent to the Radcliffe WORCESTER COLLEGE CORNMARKET STREET Observatory Quarter, one of the city's A505 Stevenage Luton Stansted A41 Luton A120 major recent redevelopments, and in A5 A10 A44 A602 GEORGE STREET Oxford M1 A1(M) A34 Aylesbury A130 close proximity to Oxford University Press Welwyn Garden M11 WALTON STREET A40 City A418 A414 OXFORD A41 Hemel Harlow A12 and Sommerville, Worcester and St Albans A4142 Thame Hempstead M10 Chelmsford A420 J21 A414 Exeter Colleges A404 Potters Bar Epping M40 A4010 J20 J23 J19 J25 M25 J27 Abingdon A130 NUFFIELD COLLEGE Watford Enfield n Attractive building with prominent road Dorchester High Wycombe A355 A413 Brentwood Billericay frontages totalling 6,902 sq ft let to Didcot Wallingford M25 J28 Wantage Harefield Harrow Brent Harwell A12 A127 Cross J29 Basildon A404 J16 Romford Co-operative and Oxford Wine Café Wembley OXFORD CASTLE Henley-on-Thames Maidenhead Uxbridge Canvey Slough A13 Island LONDONLondon A34 n SAïD BUSINESS SCHOOL J15 City AWULT of 17.5 years Windsor M25 Reading Clapham M4 Heathrow Richmond Dartford Bradfield Egham Ashford Gravesend n 61% of in the income secured to Bracknall A20 J2 Ascot Bromley Newbury J12 A322 J3 Gillingham Walton-on-Thames Croydon Rochester Co-operative group for another 16.4 years Bagshot M2 A33 Sandhurst Epsom J10 Woking Biggin Hill n The Co-operative Group lease benefits A339 A22 OXFORD TRAIN STATION J9 J5 M26 M20 Basingstoke M3 Sevenoaks Fleet A331 M25 Maidstone A3 J7 J8 J6 Oxted from rent reviews to the higher of Open Aldershot Guildford Reigate A26 Dorking Redhill Famham A21 Market Rent or RPI A24 Tonbridge A303 M23 Horley Royal Alton Gatwick Tunbridge n Cranleigh A264 Passing Rent is £206,939 pa Wells A229 FRIDESWIDE SQUARE A31 Crawley Three Bridges n A264 East Grinstead Offers are sought in excess of Horsham Winchester £3,700,000 (Three Million Seven A23 Haywards Hundred Thousand Pounds) subject Heath to contract and exclusive of VAT. This reflects a net initial yield of 5.25% after allowing for purchaser's costs of 6.52% PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY CO-OP & OXFORD WINE CAFÉ

LOCATION

The historic city of Oxford is known as the City of dreaming spires, it is an affluent city in the South East region of England, home to the world-renowned University of Oxford. The city is one of the fastest growing and ethnically diverse in the UK. Oxford is strategically positioned to the west of the M40 and is located approximately 60 miles (96 km) north west of Central London, 26 miles (41 km) north of Reading, 65 miles (104 km) south east of Birmingham and 80 miles (128 km) south west of Cambridge. Oxford benefits from excellent communication links. The A34 and A40 dual carriageways provide access to Junctions 8 and 9 of the M40 Motorway respectively. The city is well connected by railway, with regular direct services to London Paddington

A505 Stevenage OXFORD in a journey time of 56 minutes, and direct to Birmingham New Street in a journey time Luton Stansted A41 Luton A120 UNIVERSITY A5 A10 PARKS of 65 minutes. P A44 a A602 rk s Oxford A1(M) R M1 o a d Aylesbury A130 A34 RADCLIFFE Oxford is well served by bus links to and from Central London, with the X90 Oxford-London Welwyn Garden M11

OBSERVATORY

A40 City

A418 A414 QUARTER service and the Oxford Tube, with a journey time of approximately 100 minutes.

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Har o Heathrow International Airport is conveniently located approximately 45 miles (72 km) to the

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J23 Ca PRESS south east of Oxford; this is the UK’s busiest airport, easily accessed via road, rail and bus.

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Ro mo L 4 The subject property is situated in a prominent position on the eastern edge of the Jericho

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e LONDON ASHMOLEAN A34 J15 e City t Windsor M25 MUSEUM Reading Heathrow Clapham WORCESTER 4 M4 Richmond Dartford A414 Jericho is a thriving and bustling suburb in Oxford and a hub for students making it one of TRINITY R Bradfield ew le Castle Mill Stream COLLEGE y COLLEGE Ro Gravesend Egham Ashford ad Bracknall A20 J2 the city's most sought-after areas.

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Walton-on-Thames Bagshot Re The property is conveniently situated on the corner of Walton Street and Little Clarendon

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e et y Ro tre M2 ip S Sh A33 t Sandhurst a Stree Epsom d eorge George Street G t ree Street. Little Clarendon Street is a retail street that links Walton Street to St Giles which s St hael J10 144 Mic Woking Biggin Hill A4 St A339 A22 J9 J5 M26 M20 provides access to the city centre approximately 0.5 miles (0.8 km) to the south. M3 Sevenoaks Basingstoke Fleet A331 M25 Maidstone A3 J7 J8 J6 Oxted Aldershot The subject property lies adjacent to the Radcliffe Observatory Quarter which is one of the Guildford Reigate A26 Dorking Redhill Famham A21 most significant developments that has been undertaken by the University of Oxford. The A24 Tonbridge A303 M23 Horley Royal designated area is a 10 acre site that encompasses the land immediately to the north of Alton Gatwick Tunbridge Cranleigh A264 Wells A229 the subject property and work began on the development in October 2008. A31 Crawley Three Bridges A264 East Grinstead The first buildings to be completed in the designated area were new student accommodation Horsham Winchester blocks and since then a new health centre, maths institute, humanities division and school

A23 Haywards of government have been built and the area has transformed significantly, resembling a Heath small campus. Nearby occupiers include; Loch Fyne restaurant, Brasserie Blanc, The Phoenix Picturehouse, Branca and The Oxford University Press. Oxford railway station is located approximately 0.5 miles (0.8 km) to the south west. CO-OP & OXFORD WINE CAFÉ PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY

DEMOGRAPHICS DESCRIPTION

Oxford is a thriving city that benefits from tourism, a large student The property comprises three units, a convenience store, population and being commutable distance from London. a wine café and student accommodation above, There are 43,500 full time students and the city attracts an which has been sold off. estimated 7 million visitors every year, generating approximately The cooperative unit has frontage on to Walton Street and £780 million of spend. The town has an estimated shopping is arranged to provide a ground floor food store with storage population of 258,000 and a total population within the Oxford in the basement. primary catchment area of 553,000. The wine café occupies a prominent position with attractive Oxford has one of the most affluent catchment populations frontages to both Walton Street and Little Clarendon Street and is in the UK, ranked 26th of the PROMIS centres. The 2011 census arranged to provide a bar and seating area at ground floor. The showed that the Oxford area contained a significantly above unit also benefits from a kitchen, wine cellar, customer toilets and average proportion of adults of working age categorised storage at basement level. within the most affluent AB social group. The student accommodation is managed by Lincoln College.

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N © CrownE Copyright, ES 100004106. For identification purposes only. Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250 House PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY CO-OP & OXFORD WINE CAFÉ

COVENANT INFORMATION

The Midcounties Co-operative Limited Formed in 2005, it is the largest independent co-operative in the UK, with 547 sites and almost 9,000 colleagues. It is part of the Co-operative Group which is the UK’s largest mutual business owned by more than eight million members, operating 3,500 outlets. The business produced the following headline accounts over the last 3 years:

26/01/2013 24/01/2014 24/01/2015

Turnover £731,883,000 £863,163,000 £910,000,000

Pre Tax Profit £4,741,000 £4,137,000 £9,181,000

Total Net Worth £108,544,000 £117,232,000 £100,083,000

The Oxford Wine Café (Jericho) Limited Owned by The Oxford Wine Company, it is a multi-award winning local Independent Wine Merchant with a national profile. There are currently two wine cafés in Oxford; one in Summertown and one in Jericho.

TENANCY SCHEDULE

Unit Tenant Area (sq ft) Rent (£psf) Lease Start Lease Expiry Rent Review Comments

Ground 2,692 The rent is to be reviewed Lower Ground 1,621 annually in line with RPI. At the 5 The Midcounties £126,938 123-125 Walton Street 21/12/2012 20/12/2032 21/12/2017 yearly reviews the rent shall be Co-operative Limited (£29.43) Total 4,313 the grester of the open market rent and the indexed rent

Ground 1,531 126/127 Walton Street and The Oxford Wine Café £80,000 Service charge cap of Lower Ground 1,058 20/07/2015 19/07/2035 20/07/2020 32 Little Clarendon Street (Jericho) Limited (£30.90) £2,000p.a. for the first 5 years Total 2,589

Part G, 1st 2nd, 3rd floors Lincoln College £1 28/03/2013 21/03/2157 123-125 Walton Street Oxford

Total 6,902 £206,939

TENURE VAT EPC

Long Leasehold for a term of years from The property has been registered for VAT and therefore it is anticipated The property has a rating completion to 22/03/2157 at a peppercorn rent. that the sale will be treated as a Transfer of Going Concern. of C(59). CO-OP & OXFORD WINE CAFÉ

PROPOSAL Offers are sought in excess of £3,700,000 (Three Million Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 5.25% after allowing for purchaser's costs of 6.52%

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

Dale Johnstone Richard Lea Roseanna Eden Craig Middleton Mike Watson 020 7543 6796 020 7543 6832 020 7543 6740 01865 812 750 01865 812 740 [email protected] [email protected] [email protected] [email protected] [email protected] www.allsop.co.uk www.cluttons.com

Misrepresentation Act: 1. Allsop LLP and Cluttons on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop and Cluttons 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 or Cluttons nor any of their 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 07.16