MARBLE PORTFOLIO SIX TRADE COUNTER UNITS LET TO - Allsop
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MARBLE
PORTFOLIO
SIX TRADE COUNTER UNITS
LET TO
MARBLE
PORTFOLIO
SIX TRADE COUNTER UNITS
LET TO
Investment Summary
◆ Opportunity to acquire a south east focused portfolio ◆ All units let to the secure covenant of Multi Tile Limited
of well-let trade counter units. (t/a Topps Tiles)
◆ 6 prominent trade counter units totalling ◆ AWULT of c.4.5 years unexpired (certain)
50,517 sq ft (4,693.1 sq m) ◆ Total passing rent of £638,680 per annum
◆ Situated in strong towns/cities within established ◆ All leases subject to annual RPI lined review with a minimum
trade locations uplift of 2.5% with the exception of Glasgow which has
◆ Topps Tiles have continued to pay their rent a minimum of 2% uplift
throughout the lockdown period ◆ All properties held on Freehold/ Heritable interests
Proposal
◆ We are instructed to seek offers in excess of £8,515,000 (Eight Million, Five Hundred and Fifteen Thousand Pounds),
subject to contract and exclusive of VAT. A purchase at this level provides a Net Initial Yield of 7.00%, which will rise
every year in accordance with the fixed rental increases.
YIELD PROFILE:
Yield profile assumes 2.5% uplifts and continued occupancy on the same lease terms.
2021 7.20% 2023 7.50% 2025 7.90% 2027 8.30% 2029 8.70%
2022 7.40% 2024 7.70% 2026 8.10% 2028 8.50% 2030 9.00%
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
GLASGOW
Covenant
Multi Tile Limited is a wholly owned subsidiary of Topps Tiles PLC and for the year ending 29/09/2019
Multi-Tile Limited reported a pre-tax profit of £9.08M and Shareholders funds of £197.213M.
Multi Tile Limited (Company no. 00808214)
Year Ending Pre-Tax Profit Shareholders’ Funds
29/09/2019 £9,080,000 £197,213,000
LIVERPOOL
29/09/2018 £9,139,000 £188,200,000
30/09/2017 £9,141,000 £179,124,000
D&B Rating: 5A2
Experian Score: 99 (very Low Risk)
Topps Tiles Plc is the UK’s largest specialist supplier of tiles and associated products, targeting the UK
domestic refurbishment and commercial market and serving a retail and trade customer base. Since opening
its first store in 1963, Topps Tiles now has 361 nationwide retail stores and four commercial showrooms.
For the year ending 30/09/2019 Topps Tiles Plc reported a turnover of £219M and pre-tax profits of
£12.4M. For the same period the company reported shareholder funds of £30.2M. KIDDERMINSTER THETFORD
Topps Tiles Plc (Company no. 03213782)
Year Ending Turnover Pre-Tax Profit Shareholders’ Funds
CHESHAM
30/09/2019 £219,197,000 £12,475,000 £30,234,000 BOREHAMWOOD
29/09/2018 £216,887,000 £12,688,000 £26,663,000
30/09/2017 £211,848,000 £16,999,000 £23,553,000
D&B Rating: 4A2
Experian Score: 100 (Very low risk)
3
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
BOREHAMWOOD KIDDERMINSTER
THETFORD LIVERPOOL
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
GLASGOW CHESHAM
ACCOMMODATION & TENANCY SCHEDULE
Property Area (sq ft) Start Expiry Next Review AWULT Rent (£pa) Rent (£psf) Comments
Units 1-3, Borehamwood Business Park, Borehamwood 6,413 05/08/2008 04/08/2023 04/08/2021 2.75 £109,429 £17.06 Annual RPI reviews with a collar and cap of 2.5% - 5%
Topps Tiles, Whitehouse Road, Kidderminster 8,728 25/07/2008 24/07/2025 24/07/2021 4.72 £100,944 £11.57 Annual RPI reviews with a collar and cap of 2.5% - 5%
Corner of Stephenson’s Way, Thetford 10,038 25/07/2008 24/07/2025 24/07/2021 4.72 £117,037 £11.66 Annual RPI reviews with a collar and cap of 2.5% - 5%
279-281 West Derby Road, Liverpool 9,000 19/02/2002 18/02/2022 18/02/2021 1.29 £114,192 £12.69 Annual RPI reviews with a collar and cap of 2.5% - 7%
110 Glasgow Road, Rutherglen, Glasgow 7,529 24/06/2010 23/06/2030 23/06/2021 9.64 £92,916 £12.34 Annual RPI reviews with a collar and cap of 2.5% - 4%
Unit 1, Chesham Business Park, Chesham 8,809 25/07/2008 24/07/2025 24/07/2021 4.72 £104,163 £11.82 Annual RPI reviews with a collar and cap of 2.5% - 5%
50,517 4.49 £638,680
BOREHAMWOOD PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES 6
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
Unit 1-3, Hamilton Business Park, Stirling Way, Borehamwood, WD6 2FR
Units 1-3, Borehamwood Business Park, Stirling Way, Borehamwood, Hertfordshire WD6 2FR
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EDGWARE
MILL HILL BROADWAY
created on Plotted Scale - 1:1,250
LOCATION & SITUATION DESCRIPTION SCHEDULE OF ACCOMMODATION TENANCY
Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not
Borehamwood is located in Hertfordshire, approximately 7 miles east ◆ Trade counter and showroom
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 The property is let to Multi Tile Ltd (t/a Topps Tiles) for a term of
statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment Area GIA Sq M Sq Ft
of Watford, 14 miles south east of Hemel Hempstead and 14 miles has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and
◆ Concrete frame construction
contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for 15 years from 5th August 2008. The current passing rent is
lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of
north west of Central London. The town holds a strategic location in 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 Unit 1 - GF 135.0 1,453 £109,429 per annum, reflecting £17.06 psf.
◆ Unit 1 comprises office / ancillary accommodation arranged
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.
north west London, located off the A1 which in turn provides direct over 2 storeys under a flat roof Unit 1 - 1F 135.0 1,453 The lease is subject to annual rent review liked to RPI with a collar
access to Central London, with the M1 3 miles south and Junction 23 and cap of 2.5% and 5%. The next review is on 04/08/2021.
◆ Units 2-3 comprise single storey industrial space under a Unit 2/3 325.8 3,507
of the M25 motorway approximately 3.5 miles north.
pitched roof
Total 595.8 6,413
The property occupies a prominent position on the eastern side of ◆ Constructed in the 1970s and refurbished in 2007 TENURE
Stirling Way fronting directly onto the A1 which runs parallel. Stirling Freehold.
◆ Eaves height of approximately 3.5m (11ft) SITE
Corner roundabout lies 200 metres south of the property providing
◆ 2 roller shutter loading doors
access to the A411 (Barnet Lane). Stirling Way is characterised by a The site area extends to 0.16 acres.
mix of office and industrial buildings. ◆ External yard to the front with customer parking
◆ Access to a shared parking area at the front, providing
Elstree and Borehamwood railway station lies circa 1.5 miles north
a further 19 parking spaces
west, providing regular direct services into London St Pancras in
a fastest journey time of approximately 24 minutes. Heathrow
International Airport is approximately 19 miles south west and Luton
Airport lies approximately 20 miles north. Local occupiers include
Currys, BMW, Safestore and QuickCo. Passing Rent: £109,429 p.a. Next Review: 04/08/2021 Annual RPI linked reviews (2.5% - 5.0%)
7KIDDERMINSTER PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES 8
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
Topps Tiles, Whitehouse Road, Kidderminster, DY10 1HT
Whitehouse Road, Off Worcester Road, Kidderminster, DY10 1HT
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created on Plotted Scale - 1:1,250
LOCATION & SITUATION DESCRIPTION SCHEDULE OF ACCOMMODATION TENANCY
Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not
Kidderminster is located in the West Midlands, approximately 15 ◆ Trade counter and showroom
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 instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment Area GIA Sq M Sq Ft The property is let to Multi Tile Ltd (t/a Topps Tiles) for a term of
miles north of Worcester, 20 miles south east of Birmingham and has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and
◆ Prominent end of terrace unit of lattice steel frame construction
contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for 17 years from 25th July 2008. The current passing rent is
78 miles north of Bristol. The town is located to the west of the M5
lease between the instructing party 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 GF Warehouse 810.8 8,728 £100,944 per annum, reflecting £11.57 psf.
◆ Ancillary staff and WC accommodation
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.
motorway, accessible via Junctions 3-7. Junction 4 lies approximately Total 810.8 8,728
◆ Eaves height of approximately 3.1m (10ft) The lease is subject to annual rent review liked to RPI with a collar and
10 miles west, which in turn provides access to the M42 motorway
◆ 1 roller shutter loading door cap of 2.5% and 5%. The next review is on 24/07/2021.
circa 2.5 miles further south. Junction 8 of the M6 motorway lies SITE
approximately 20 miles north east. ◆ External yard with customer parking
The site area extends to 0.34 acres, providing a site cover TENURE
The property is prominently located on the western side of the A442
of 59%. Freehold.
(Worcester Road) on the corner of Whitehouse Road. Whitehouse
Road lies 100 metres south of the A451 roundabout which in turn
provides direct access into central Kidderminster and onto the main
arterial routes linking with the M5 motorway.
Kidderminster railway station lies approximately 1 mile north east of
the property providing regular services into Birmingham New Street in
a fastest journey time of 43 minutes. Birmingham International Airport
is approximately 26 miles north east of the property.
Local occupiers include Tile Clearing House, National Tyres &
Autocare, Solis and Sealine.
Passing Rent: £100,944 p.a. Next Review: 24/07/2021 Annual RPI linked reviews (2.5% - 5.0%)
9THETFORD PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES 10
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
Topps Tiles, Caxton Way, Thetford, IP24 3RY
Corner of Stephensons Way, London Road, Thetford, IP24 3RY
A1
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A11
THETFORD
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created on Plotted Scale - 1:1,250
LOCATION & SITUATION DESCRIPTION
Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, 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 instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment
SCHEDULE OF ACCOMMODATION TENANCY
has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and
Thetford is a market town located in Norfolk, approximately 19 miles ◆ Trade counter and showroom - split into 2 units beneath a flat roof
contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for
lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of Area GIA Sq M Sq Ft The property is let to Multi Tile Ltd (t/a Topps Tiles) for a term 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
east of Newmarket, 30 miles south west of Norwich and 86 miles north ◆ Steel frame construction
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 17 years from 25th July 2008. The current passing rent is
east of Central London. The town is located on the A11 which links with
the trading name of Allsop LLP.
GF Warehouse 932.6 10,038 £117,037 per annum, reflecting £11.66 psf.
◆ Ancillary staff and WC accommodation
the A14 approximately 16 miles south west. The A14 provides access to Total 932.6 10,038 The lease is subject to annual rent review liked to RPI with a collar and
◆ Constructed in the 1970s
Cambridge and Junction 14 of the M11, 35 miles west. cap of 2.5% and 5%. The next review is on 24/07/2021.
◆ 2 roller shutter loading doors
The property is located on Stephensons Way at the junction with SITE
◆ External yard with customer parking
London Road. The property has excellent access to the surrounding The site area extends to 0.34 acres, providing a site cover of 59%. TENURE
arterial routes with the A11 accessed 400 metres west of the property Freehold.
and the A134 lying circa 800 metres east. The area is characterised by
a mix of retail warehouse, office and light industrial accommodation.
Thetford railway station is approximately 1.4 miles north east, providing
regular services into Norwich in a fastest journey time of 32 minutes.
Stansted Airport is approximately 50 miles south west of the property.
Local occupiers include Ferrisgate Coatings Ltd, Baxters Healthcare
and Multiyork Furniture.
Passing Rent: £117,037 p.a. Next Review: 24/07/2021 Annual RPI linked reviews (2.5% - 5.0%)
11LIVERPOOL PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES 12
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
West Derby Road, Belmont Road, Liverpool, L6 5BG
279-281 West Derby Road / Belmont Road, Anfield, Liverpool, L6 5BG
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LOCATION & SITUATION DESCRIPTION
created on Plotted Scale - 1:1,250
SCHEDULE OF ACCOMMODATION TENANCY
Liverpool, the UK’s 6th largest city, is located in the north west, ◆ Trade counter and showroom constructed in 2000 Area GIA Sq M Sq Ft The property is let to Multi Tile Ltd (t/a Topps Tiles) for a term of
approximately 22 miles north of Chester, 34 miles west of Manchester ◆ Detached warehouse of steel portal frame construction
Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not 20 years from 19th February 2002. The current passing rent is
and 98 miles north of Birmingham. Liverpool has an excellent
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 instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment GF Warehouse 836.1 9,000 £114,192 per annum, reflecting £12.69 psf.
◆ Subdivided retail and warehouse areas
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 instructing party are those contained and expressly referred to in the written contract for sale or agreement for
motorway infrastructure enabling good access to the M53, M56, M57, lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of
Total 836.1 9,000 The lease is subject to annual rent review liked to RPI with a collar and
◆ Ancillary staff and WC accommodation
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
M58, M6 and M62 motorways. the trading name of Allsop LLP.
cap of 2.5% and 7%. The next review is on 18/02/2021.
◆ Eaves height of approximately 5.0m (16ft)
The property fronts directly onto the A5049 (West Derby Road), a main SITE
◆ 1 concertina access door to main warehouse
arterial route into central Liverpool and out to the A5058 ring road. The The site area extends to 0.55 acres, providing a low site cover TENURE
◆ Secure external yard with customer parking
A5058 provides access to the M62 which lies approximately 3 miles of 38%. Freehold.
south east, which in turn leads to Junction 21A of the M6 circa 17 miles
east. Junction 4 of the M57 lies approximately 5 miles north east.
Liverpool Lime Street railway station lies circa 2 miles south west,
providing regular direct services into Manchester Piccadilly and
Birmingham New Street in fastest journey times of 49 minutes and
1 hour 36 minutes respectively. Liverpool John Lennon Airport is
approximately 9 miles south of the property.
The surrounding area is predominantly residential, with commercial
occupiers including Panoramic Kitchens and Everton Glass. Passing Rent: £114,192 p.a. Next Review: 18/02/2021 Annual RPI linked reviews (2.5% - 7.0%)
13GLASGOW PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES 14
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
Topps Tiles, 110 Glasgow Road, Rutherglen, Glasgow, G73 1SU
110 Glasgow Road, Rutherglen, Glasgow, Lanarkshire, G73 1SU
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LOCATION & SITUATION DESCRIPTION
created on Plotted Scale - 1:1,250
SCHEDULE OF ACCOMMODATION TENANCY
Glasgow is Scotland’s largest city, lying approximately 29 miles south ◆ Trade counter and showroom Area GIA Sq M Sq Ft The property is let to Multi Tile Ltd (t/a Topps Tiles) for a term of
west of Stirling, 46 miles west of Edinburgh and 95 miles north of ◆ Modern unit of steel portal frame construction
Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not 20 years from 24th June 2002. The current passing rent is
Carlisle. Glasgow has excellent motorway connections with the M8
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 instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment GF Warehouse 699.4 7,529 £92,916 per annum, reflecting £12.34 psf.
◆ Ancillary staff and WC accommodation
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 instructing party are those contained and expressly referred to in the written contract for sale or agreement for
motorway providing access to the M74, M77 and M80 motorways. lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of
Total 699.4 7,529 The lease is subject to annual rent review liked to RPI with a collar and
◆ 2 roller shutter loading doors
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.
The property is located to the south east of the city centre, at the ◆ External yard with customer parking cap of 2% and 4.0%. The next review is on 23/06/2021.
northern end of the A730 (Glasgow / Rutherglen Road). The property SITE
benefits from excellent access to the motorway network lying just The site area extends to 0.47 acres, providing a low site cover TENURE
800 metres from Junction 1A of the M74 motorway which in turn of 37%. Heritable (Freehold Equivalent).
links with Junction 21 of the M8, circa 2.5 miles north west. The area
is an established trade counter and industrial location on a dual
carriageway.
Rutherglen and Dalmarnock railway stations provide direct links to
Glasgow Central in approximately 8 minutes. Glasgow Airport is
located 10 miles north west of the premises.
Local occupiers include HSS Hire, The Bed Depot, Arnold Clark and
Jewson.
Passing Rent: £92,916 p.a. Next Review: 23/06/2021 Annual RPI linked reviews (2.0% - 4.0%)
15CHESHAM PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES 16
MARBLE PORTFOLIO OF SIX TRADE COUNTER UNITS LET TO TOPPS TILES
PORTFOLIO
Topps Tiles, 33 Townsend Road, Chesham, HP5 2AA
Unit 1, Chesham Business Park, Townsend Road, Chesham, HP5 2AA
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created on Plotted Scale - 1:1,250
LOCATION & SITUATION DESCRIPTION SCHEDULE OF ACCOMMODATION TENANCY
Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not
Chesham is a market town located in Buckinghamshire, approximately ◆ Trade counter and showroom
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 instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment Area GIA Sq M Sq Ft The property is let to Multi Tile Ltd (t/a Topps Tiles) for a term of
3 miles north of Amersham, 9 miles south west of Hemel Hempstead has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and
◆ Ancillary staff and WC accommodation
contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for 17 years from 25th July 2008. The current passing rent is
and 28 miles north west of Central London. The town is located on
lease between the instructing party 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 GF Warehouse 818.4 8,809 £104,163 per annum, reflecting £11.82 psf.
◆ Original unit constructed in the late 1950s, extended
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.
the A416 which links with the A41, leading to Junction 20 of the M25 in the 1960/1970s Total 818.4 8,809 The lease is subject to annual rent review liked to RPI with a collar
circa 11 miles south east, and the A416 leading to Junction 1 of the and cap of 2.5% and 5%. The next review is on 24/07/2021.
◆ Original unit of steel truss frame construction with extension
M40 13 miles south east.
of concrete frame construction SITE
The property is located on the eastern end of Townsend Road, ◆ 2 roller shutter loading doors The site area extends to 0.39 acres, providing a low site cover TENURE
adjacent to the A416 (Broad Street). Chesham High Street lies circa of 52%. Freehold.
◆ External yard with customer parking
400 metres south of the property. Townsend Road provides a mix
of residential and industrial buildings. Chesham underground station
(Metropolitan Line) lies 400 metres south east providing regular
services into Central London in circa 1 hour. Heathrow International
Airport is approximately 22 miles south east and Luton Airport lies
approximately 21 miles north east.
Nearby occupiers include a Wickes unit opposite and Polar
Engineering Ltd, otherwise the immediate vicinity is residential.
Passing Rent: £104,163 p.a. Next Review: 24/07/2021 Annual RPI linked reviews (2.5% - 5.0%)
17EPC
EPC’s are available to download on the dataroom.
AML VAT
A successful bidder will be The property is elected for VAT and
required to provide information it is therefore envisaged that the
to satisfy the AML requirements sale will be treated as a Transfer
when Head of Terms are agreed. of a Going Concern (TOGC).
DATAROOM
https://datarooms.allsop.co.uk/register/marbleportfolio
PROPOSAL
We are instructed to seek offers in excess of £8,515,000 (Eight Million, Five Hundred and Fifteen
Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level provides a
Net Initial Yield of 7.00%, which will rise every year in accordance with the fixed rental increases.
YIELD PROFILE:
Yield profile assumes 2.5% uplifts and continued occupancy.
2021 7.20% 2023 7.50% 2025 7.90% 2027 8.30% 2029 8.70%
2022 7.40% 2024 7.70% 2026 8.10% 2028 8.50% 2030 9.00%
CONTACTS
Jeremy Hodgson James Salmon Andrew Wise
07850 976116 07720 400306 07535 045149
jeremy.hodgson@allsop.co.uk james.salmon@allsop.co.uk andrew.wise@allsop.co.uk
allsop.co.uk
Stephen Raingold Joseph Rantor
07775 647 499 07976 599 374
stephenraingold@lewisandpartners.com josephrantor@lewisandpartners.com
lewisandpartners.com
Misrepresentation Act: 1. Allsop LLP and Lewis & Partners on its own behalf and on behalf of the instructing party of this portfolio whose agent Allsop and Lewis & Partners 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 instructing party does not make or give, and neither Allsop or Lewis & Partners 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 instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party 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. Lewis & Partners is the trading name of Lewis & Partners LLP. Design CommandD www.commandHQ.co.uk 11.20You can also read
