Rom Valley - Wilkinson Williams

ROM VALLEY WAY RETAIL PARK ROM VALLEY WAY, ROMFORD RM7 0AN9.0 ASSET MANAGEMENT OPPORTUNITIESThere has been interest from retailers in a potential smaller unit of some 8,000 sq ft created out of theexisting Mothercare demise, with Mothercare downsizing to 21,310 sq ft. There is a potential transaction,which is still under negotiation, with the smaller unit being taken at £30.00 per sq ft with some limitedincentives and Mothercare “regearing” to £24.00 per sq ft.10.0 VATThe property has been elected for VAT and therefore VAT will be payable on the purchase price. However itis anticipated that the sale will be by way of a ‘Transfer Of Going Concern’.11.0 PROPOSITIONOffers are invited for the above property on the basis of a running yield, pre the outstanding rent review, of8% net initial. It is proposed that the vendor would continue to deal with the Carpetright review. Assuminga settlement as detailed in our attached schedule, this would give an aggregate purchase price of£18.080 million, taking purchaser’s costs at 5.7625%.12.0 CONTACTS FOR FURTHER INFORMATIONPaul WilkinsonWilkinson WilliamsMellier House26a Albemarle StreetLondon W1S 4HYTel: 020 7317 3799Fax: 020 7495 5432E-mail: p.wilkinson@wilkinsonwilliams.co.ukDrew MooreWilkinson WilliamsMellier House26a Albemarle StreetLondon W1S 4HYTel: 020 7317 3789Fax: 020 7495 5432E-mail: d.moore@wilkinsonwilliams.co.ukwww.wilkinsonwilliams.co.uk