195-200 HIGH ROAD LOUGHTON ESSEX - DBA Properties

CENTRIC PARADE 195-200 HIGH ROAD, LOUGHTON, ESSEXInvestment ConsiderationsAn opportunity to acquire an unbroken and 100% prime retail paradein Greater London.Loughton is an affluent commuter town in London benefiting from luxurydesigner stores and national multiples.Attractive initial yield of 4.6% and reversionary yield of 5.5%.Well secured to multiple retailers of excellent covenant strength.Major development opportunity in July 2009. Potential to extend the buildingto provide residential accommodation subject to obtaining the necessaryconsents. Architects have drawn plans for a scheme that extends to 2,601sq m (28,000 sq ft) with a potential end value of £12.5m based uponresidential values of £4,843 per sq m (£450 per sq ft).The extension of the pavement will, in our opinion, increase the footfall andfurthermore offer the opportunity to enhance the income of the investmentby rentalising outside tables.Excellent potential for rental growth; the recent settlement of the Clarks rentreview reflected an annual rental growth of 6.5% per annum.Various asset management initiatives including lease renewals andrent reviews.