Secure Retail Investment Opportunity 213-215 Worple Road - Propex

Secure Retail Investment Opportunity213-215 Worple Road, Raynes Park, London, SW20 8QYTENUREFreeholdTENANCIES213 Worple Road – Sainsbury’s Supermarket LtdLet on a new 20 year effective FRI lease from 27 th February 2012 at a rentpassing of £75,000 per annum exclusive. The rent is subject to five yearlyRPI linked reviews capped at 3.5% compounded five yearly. Therefore atthe fifth year review the rental could increase to £89,076 pa. There is atenant’s option to break in the twelfth year. We have analysed the rent toreflect an overall rate of £17.00 per sq ft.215 Worple Road – Costa LtdLet on a new 10 year effective FRI lease from 14 th March 2012 at a rentpassing of £35,000 per annum exclusive. The rent is subject to an openmarket review in the fifth year.ResidentialThere are 9 one and two bedroom flats on three upper floors finished to avery high specification sold off on 125 year long leasehold. The flats willproduce a ground rent of £350 per annum each and double every 25 years.In total generating an income of £3,150Total income £113,150 per annum exclusive.COVENANT INFORMATIONSainsbury’s Supermarket Ltd (03261722)Date of Accounts 19/03/2011£000’s20/03/2010£000’s21/03/2009£000’sSales turnover 21,100,000 19,962,000 18,910,000Profit before tax 775,000 562,000 548,000Tangible net assets 3,920,000 3,490,000 3,383,000Costa Ltd (01270695)Date of Accounts 19/03/2011£000’sPROPOSALWe are instructed to invite offers of £2,000,000 (Two Million Pounds Only) forthe benefit of our client’s freehold interest, subject to contract and exclusiveof VAT. A purchase at this price would reflect a net initial yield of 5.35%assuming standard purchasers costs of 5.8%.VATThe purchase of the property will be subject to VAT.For further details please contact:20/03/2010£000’sOli HortonSimon Horner020 7647 4806 020 7647 4807oliver.horton@gcw.co.uk simon.horner@gcw.co.uk21/03/2009£000’sSales turnover 377,284 323,082 251,522Profit before tax 49,468 34,924 23,256Tangible net assets 127,214 91,434 67,659Allan House10 John Princes StreetLondonW1G 0JW020 7408 0030www.gcw.co.ukWhilst every effort has been made to ensure accuracy, no responsibility is taken for any error, omission or mis-statement in theseparticulars which do not constitute an offer or contract. No responsibility or warranty whatever is made or given either duringnegotiations or in particulars by vendor, lessor or the agent. The images of the subject property contain CGI and are for indicativepurposes only. Gooch Cunliffe Whale Limited Registered in England No 2446386 Registered office: 30 City Road, London EC1Y 2AB VATNo 524 1923 63. April 2012.

Secure Retail Investment Opportunity213-215 Worple Road, Raynes Park, London, SW20 8QY