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The Hanningtons Estate Brighton

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The Hanningtons Estate Brighton THE HANNINGTONS ESTATE BRIGHTON A RARE LANDMARK INVESTMENT AND DEVELOPMENT OPPORTUNITY THE HANNINGTONS ESTATE BRIGHTON CONTENTS Investor Opportunity 4 - 5 Location & Demographics 6 - 11 The Hanningtons Estate 12 - 13 - Retail 14 - 23 - Residential 24 - 25 - Office 26 Income Profile 27 Asset Management & Development Opportunities 28 - 29 Proposal & Further Information 30 - 31 Tenancy Schedule 32 - 35 Floor Plans (Existing & Proposed) 36 - 55 THE HANNINGTONS ESTATE a rare opportunity to invest in one BRIGHTON of britain’s most vibrant cities DRAFT 8 million visitors spending £700 million a year 2 3 THE HANNINGTONS ESTATE BRIGHTON INVESTOR OPPORTUNITY DRAFT OVERVIEW • A rare opportunity to acquire a 1.32 acre freehold estate in the heart of Brighton’s vibrant shopping district • Just 50 minutes from London, Brighton has become the principal target for retailers expanding outside of the capital • Brighton’s local shopping population of 323,000 has an available ‘non-grocery’ spend of £1.25 billion • Brighton attracts 8 million tourists a year spending £700 million • Strong retail demand and significant rental growth potential • The Hanningtons Estate offers 29 retail units ideal for a mixture of high street premium brands and leisure operators • 41 residential units arranged over 1 to 6 bedroom apartments with skyline views of Brighton • 19,500 sq ft of office accommodation • An unparalleled opportunity to develop a NEW BRIGHTON LANE, by adding an additional 13 retail/ leisure units, 7 residential units and 2 floors of offices in the very heart of this vibrant city • Incoming investors will benefit fromthe significant capital expenditure in the completed North Street improvement works • We are seeking offers in excess of £50 million for the freehold interest of The Estate, subject to contract 4 5 6 12 A442 A46 Worcester 12 15 A14 Stratford A43 A428 11 7 A11 THE HANNINGTONS ESTATE A134 A487 upon Avon A429 Bedford A4112 A4103 M1 509 M11 A A470 A508 A46 A5 10 A483 Great A10 A438 Newport Biggleswade Haverhill Ipswich A438 A6 Malvern A44 Evesham Banbury Pagnell 9 A438 11 A505 Sudbury 14 A14 A43 Milton A1 Royston A134 Hereford 8 A422 A421 Saffron 1 A44 Keynes 13 Walden A12 10 A505 BRIGHTON A46 Letchworth A131 Felixstowe A470 2 9 A40 Tewkesbury A479 A465 9 Harwich M50 A43 12 Hitchin 10 Leighton A5 A120 M5 A44 Buzzard 8 A120 A49 4 3 10 M1 Braintree A40 A40 GLOUCESTERSHIRE M40 A1(M) Stevenage STANSTED Luton Colchester Carmarthen Cheltenham Dunstable 11 7 A602 A133 A40 11 Bicester 8 Gloucester A41 Bishop's A120 A40 9 A48 A483 10 A10 Stortford A34 LUTON Welwyn A130 A40 A40 A470 Abergavenny A40 A436 Garden A131 9 6 Aylesbury City Ware Witham A12 Clacton-on-Sea A417 A40 Kidlington 5 A465 Witney Tring Hertford M11 Merthyr A429 Hemel A4076 Ammanford 12 St Milford Tydfil A40 A41 Hempstead 4 Harlow A477 A40 A4042 Hatfield Haven Oxford 8 Albans Chelmsford Maldon 49 13 Stroud A40 7 A478 A48 1 2 A465 8 A418 Thame A414 48 Aberdare M5 A419 Cirencester 7 22 Pontypool A449 A477 Amersham 20 M4 LOCATION & DEMOGRAPHICS 24 M25 25 26 A12 A130 Pembroke Llanelli 47 46 45 19 5 44 A420 Abingdon Neath 6 High Enfield 5 Swansea 43 Cwmbran Wycombe 18 5 4 Barnet Chigwell 42 Chepstow 17 Watford A10 Brentwood 14 A419 M1 M11 28 Rayleigh 41 Didcot Beaconsfield A12 2 4 2 40 A433 3 A406 4 A470 26 25 24 M48 1 2 Port 39 Pontypridd Brighton27 is 5623 miles due south of London and easily accessible 29 A127 Southend-on-Sea Newport 1 A41 Talbot 38 Caerphilly 28 21 M40 A40 Harrow Basildon M4 22 1 M25 Swindon A406 29 SECOND SEVERN Uxbridge A13 M4 30 16 Henley- Maidenhead A13 36 from the capital.M49 Regular16 train servicesA429 run from both London Canvey Island 32 CROSSING OPEN 17 on-Thames CITY 37 35 M4 15 LONDON 34 33 SUMMER 1996 19 17 7 30 A346 6 4 1 Woolwich Bridgend 18 1 18 A34 3 2 31 Tilbury Porthcawl CARDIFF M4 A4 Sheerness Bridge and London19 Victoria2 stationsLYNEHAM with journey times of just over M32 Chippenham 14 HEATHROW M5 3 M4Reading Windsor A205 Clevedon 14 13 13 A20 A2 2 Margate 20 BRISTOL A46 A350 12 Kingston A2 Rochester Herne 50 minutes making Brighton part of the capital’s commuter belt. 1 Bay Barry 11 Bracknell upon Thames Gillingham A28 A4 Newbury A38 Melksham Croydon A299 Weston- A37 11 M20 Whitstable Described recently by theBath Sunday Times as a suburb of the capital, Sutton A253 Ramsgate super-Mare 21 4 4 A28 BRISTOL Devizes 3 3 5 Faversham A36 A34 Epsom DRAFT A22 2 4 A249 6 7 10 3 A338 A33 4 Woking M25 9 6 M2 Canterbury Brighton is equally accessible by road with the A23 dual carriageway A23 A2 Trowbridge A339 5 M26 7 Leatherhead 9 7 Sevenoaks A228 8 A3 M25 A2 A361 Basingstoke 5 6 8 A21 Deal joining the M23 and then the M25, to give easy access to the capital 6 M3 A26 22 Guildford Dorking Oxted Ilfracombe Burnham-on-Sea M20 A256 Frome Tonbridge A28 Minehead Andover 7 A22 Warminster A229 and beyond. A361 Farnham A24 M23 A2 8 9 CHANN Dover A36 9 10 EL A303 A303 Alton GATWICK A20 23 A21 A361 10 A39 A34 Tunbridge Wells 13 A338 M20 11 Bridgwater M3 Crawley East A2070 12 Grinstead Folkestone Barnstaple In addition, Britain’s A37second international hub Gatwick is only A31 24 Haslemere 11 Hythe A26 9 Horsham A22 Salisbury Winchester Crowborough A259 A303 22 milesM5 away, making Brighton A350an ideal destination for 10 Taunton 11 Bideford A36 25 A361 A358 A354 Romsey A272 international visitors looking for a vibrant seaside town to visit.12 Petersfield Haywards Uckfield A39 13 26 A303 Eastleigh Heath Yeovil 14 A21 Lydd/Ashford A3088 4 A23 A338 2 3 4 5 A386 A24 A22 A377 A26 A259 27 1 7 1 A303 A283 Tiverton 8 A3(M) A27Lewes Hailsham Hastings Brighton dominates its catchment area; the total populationSOUTHAMPTON A259 A31 3 M27 9 10 Havant Ringwood 11 A27 28 Hythe 5 SHOREHAM Bexhill- A30 12 Hove within the primary catchment is 507,000. TheA31 city’s primaryFawley Fareham 12 Littlehampton on-Sea A37 BRIGHTON A350 Worthing Newhaven A22 A354 Gosport M5 A338 A30 catchment area encompasses the built upA348 areas of Brighton, Lymington Portsmouth Bognor Seaford Eastbourne A31 Regis Exeter Bridport A35 Cowes 29 Hove, Shoreham-by-SeaA35 and it extends North to includeNew Milton Ryde 30 Dorchester Poole Christchurch Sidmouth Bournemouth Newport A395 A30 31 A376 locations in the South Downs as well as the small towns of Sandown A39 A380 Exmouth Shanklin A388 Lewes, Haywards Heath and Burgess Hill. Dawlish Weymouth A30 Teignmouth A38 Newton Abbot The city is surrounded by the South Downs, with it’s rolling countryside and spots of outstanding natural beauty including the Bodmin A38 Newquay A386 Torquay A392 A385 Paignton Devils Dyke. A30 Saltash PLYMOUTH A391 Plympton Brixham St Austell Torpoint Fowey Truro A390 A30 St Ives Redruth Brighton is the closest, largest commercial Camborne A39 Penzance A394 Helston Falmouth centre to London on the South East Coast Brighton has a Brighton’s shopping resident catchment population is predicted population of to increase by 744,000 7.18% over 2008-18 The University of Sussex is located four miles from the city centre and has a student population in excess of 12,500. The University of Brighton has a student population of 20,017 6 7 THE HANNINGTONS ESTATE BRIGHTON How Brighton will DRAFTcontinue to develop • The John Lewis Partnership (JLP) have recently acquired • A new conference and entertainment centre with seating the freehold title of 129-133 North Street which is currently for up to 10,000 people, which is twice the capacity of occupied by Boots. It is widely rumoured that JLP will the current ‘Brighton Centre’, is being proposed for the take occupation of the store when the Boots lease expires derelict council-owned Black Rock site near Brighton within the next 5 years. It is no secret that Brighton Marina. has been the number one target for JLP presence for a • Churchill Square remains one of the most successful and number of years. This will further enhance North Street as desirable shopping centres in the UK. Standard Life are a shopping destination at the heart of the city centre. evolving plans for a significant extension of the shopping • Land Securities are investing £250 million into Brighton centre following the relocation of the conference centre. Marina. Work has started on site and includes; 853 flats • The Cathedral Group have plans for the £150 million and almost 2,000 sq m of shops and leisure with the first Barracks Scheme which includes 350 homes, 500 phase of 195 flats, a yacht club and seven new restaurants student bedrooms, a Central Research Laboratory and a due to complete in mid-2016. health centre. The group are working in conjunction with Brighton University who are delivering new employment. 8 9 DRAFT Churchill Square Western Road West Street Train Station North Street North Laines The Lanes THE HANNINGTONS ESTATE East Street Royal Pavilion Leisure Quarter Shopping Centre BRIGHTON 10 11 THE HANNINGTONS ESTATE BRIGHTON The Hanningtons Estate presents one of the largest mixed use freehold DRAFT opportunities in Brighton THE HANNINGTONS ESTATE The Hanningtons Department Store, affectionately known locally as the ‘Harrods of Brighton’, grew from a single shop on North Street into one of the largest single freehold estates in Brighton. The estate sits on a 1.32 acre site and is the dominant landmark retail pitch at the eastern end of North Street.
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