Epsom Investment v2.indd - Dowley Turner Real Estate | DTRE

prime multi-let trade park 

investment opportunity 

Epsom Trade Park and Units 450A & 450B 

Blenheim Road 

Longmead Industrial Estate 

Epsom 

Surrey KT19 9AP

Prime 

trade park 

and two 

headquarters 

units 

Epsom Trade Park and Units 450A & 450B Blenheim Road 

Longmead Industrial Estate Epsom 

INVESTMENT SUMMARY 

• Located within Epsom, an affl uent and popular commuter 

town in the south-west of Greater London 

• Situated on the established Longmead Industrial Estate, an 

excellent trade counter location, with very limited supply 

• Prime recently completed trade park scheme, with two 

headquarters business warehouse units, totalling 

67,291 sq ft (GIA) 

• Prominent site of 3.5 acres 

• Fully-let, producing a total of £664,097.50 per annum, refl ecting 

an average rent of £9.87 per sq ft 

• Excellent average weighted unexpired lease term certain of 

approximately 9.5 years 

• Off ers are sought in excess of £9,000,000 (Nine Million 

Pounds), subject to contract and exclusive of VAT, which 

refl ects an attractive net initial yield of 7.00%, assuming 

standard purchaser’s cost of 5.7625%

5 

12/2 

13 

M25 

GUILDFORD 

14 

11 

15/4B 

STAINES 

M4 

A4 

A308 

4 

HEATHROW 

AIRPORT 

M3 

A317 WEYBRIDGE 

BYFLEET 

10 

A30 

A312 

1 

3 

SUNBURY 

A3 

A316 

WALTON-ON- 

THAMES 

A246 

HOUNSLOW 

ESHER 

A244 

9 

LEATHERHEAD 

A24 

EALING 

A243 

9 

2 

DORKING 

A307 

B280 

A406 

RICHMOND 

KINGSTON- 

UPON-THAMES 

CHESSINGTON 

A24 

HAMMERSMITH 

1 

FULHAM 

A25 

A3 

EPSOM 

M25 

A219 

A240 

A217 

MERTON 

A24 

SUTTON 

A232 

8 

REIGATE 

WANDSWORTH 

BANSTEAD 



THE CITY 

CENTRAL LONDON 

WESTMINSTER 

REDHILL 

A237 

7 

LAMBETH 

A236 

7/8 

A23 

M23 

SOUTHWARK 

A205 

A212 

CROYDON 

A25 

A2022 

A22 

A214 

6 

GREENWICH 

LEWISHAM 

LOCATION 

Epsom is an affl uent commuter town within the Greater 

London Urban Area, 17 miles to the south west of Central 

London. The town is located within the borough of Epsom and 

Ewell in Surrey. Junction 9 of the M25 provides excellent links 

to the national motorway network, which allows direct access 

to London Heathrow and London Gatwick airports via the M23. 

The town also provides frequent commuter services into 

London Waterloo and London Victoria via Epsom station. 

WEST HILL 

M25 J9 

B284 HOOK ROAD 

Epsom 

HIGH ST 

ASHLEY A V. 

LONGMEAD ROAD 

FELSTEAD 

RD 

B220 0 CHES SING TO N 

BLENHEIM ROAD 

EAST STREET 

UPPER HIGH STREET 

EPSOM 

CHURCH ST 

Ewell West 

RO A D 

A24 

Epsom Trade Park 

and Units 450A & 450B 

ALEXANDRA ROAD 

M25 J9 4 miles 

Leatherhead 5 miles 

Reigate 6 miles 

A3 10 miles 

Central London 17 miles 

M3 J2 17 miles 

Heathrow 26 miles 

Gatwick 27 miles 

Epsom Station Waterloo 33 mins 

Victoria 36 mins 

Central 

London 

CHEAM RD 

EWELL 

REIGATE ROAD 

E W E L L B Y PA S S 

A240 

A232 

Ewell East 

M25 J8

HOOK ROAD 

To Epsom 

Town Centre 

LONGMEAD ROAD 

FELSTEAD ROAD 

Longmead 

Industrial Estate 

BLENHEIM ROAD 



LONGMEAD INDUSTRIAL ESTATE 

The property is prominently situated on the Longmead 

Industrial Estate, one mile north of Epsom town centre. The 

estate is immediately accessed from the B284 Hook Road, 

which in turn links to the A24 Dorking Road, which provides 

direct access to the A3 and Junction 9 of the M25. 

The estate has become established as the prime location in 

Epsom for light industrial warehousing, trade counters, 

business units, car showrooms and support services. The 

Estate is built around Blenheim Road and is relatively small in 

size; there is therefore a very limited supply of available trade 

or light industrial units. Surrounding occupiers include, Alfa 

Romeo, Benchmarx, City Plumbing Supplies, Howdens, 

Mastercare, Plumb Centre, Thermo Fisher Scientifi c, Travis 

Perkins, and Vauxhall.

4 

3 

BLENHEIM ROAD 

2 

1 

450A 

5/6 

450B 



DESCRIPTION 

The property comprises two distinct elements, a recently 

completed trade park scheme and Units 450A and 450B, 

totalling 67,291 sq ft of Gross Internal Area (GIA). 

The site extends to a total of 3.53 acres, which equates to a 

low site cover of 37%. 

EPSOM TRADE PARK 

Epsom Trade Park comprises an attractive 6 unit scheme, 

which was developed by SEGRO Plc and completed in 2008. 

The Park is arranged in two facing terraces, with communal 

car park and service yard. The units are of portal steel frame 

construction, with profi led metal sheet elevations, with 

blockwork dividing walls and pitched, profi le metal sheet roof 

coverings. The units have reinforced concrete fl oors and a clear 

internal height of approximately 25 feet (7.5 metres). 

UNITS 450A & 450B BLENHEIM ROAD 

These standalone units off er headquarters style business units 

fronting Blenheim Road. They comprise two storey offi ce 

accommodation to the front and warehouse accommodation 

to the rear. They are of portal steel frame construction, with 

double pitched metal profi led roof coverings. The external 

walls are predominantly clad with profi led metal sheets 

although the front elevations have a glazed curtain walling 

system which wraps around the building to the fl ank 

elevations of the offi ce areas. 

The units have a clear internal height of approximately 23 feet 

(7 metres). Each unit has a reinforced concrete fl oor with one 

roller shutter loading door to the rear. Tchibo have added 

offi ces at ground and fi rst fl oor, as well as a staff coff ee shop at 

ground fl oor.

4 

BLENHEIM ROAD 

3 

1 

450A 

2 

450B 



SITE PLAN

An attractive fully-let 

6 unit trade park 

scheme 



4 

3 

2 

1 

5/6 

EPSOM TRADE PARK 

Unit 1 is utilised as storage with ancillary offi ces. Units 2, 3 

and 4 are fi tted-out by the tenant’s as trade-counters. Units 5 

and 6 are fi tted out by the tenant as a self storage facility and 

have no dividing walls. 

All units have toilets to the ground fl oor. Only units 1, 2 and 4 

have an original offi ce provision, with additional toilets at fi rst 

fl oor. All units include an electrically operated overhead 

loading bay door.



These standalone units 

offer headquarters style 

business units 

450A 

450B 

UNITS 450A & 450B BLENHEIM ROAD 

Unit 450A is also known as 3A Blenheim Road and Tchibo 

House, being Tchibo Coff ee Service’s UK Headquarters. Tchibo 

supply coff ee and coff ee vending machines to businesses 

including hotels, restaurants, cafes, coff ee bars, offi ces, 

education facilities and the Licensed and leisure trade. 

Unit 450B is also known as 3B Blenheim Road and ABgene 

House, being ABgene’s Head Offi ce. The unit has recently 

been extensively refurbished by ABgene, in addition they 

have fi tted-out a substantial amount of the property as offi ces 

and laboratory space under licences for alteration. ABgene is 

wholly owned by Thermo Fisher Scientifi c, who are heavily 

tied to Epsom, with their distribution centre being located 

opposite on Blenheim Road.

TENANCY 

The property provides an excellent average weighted unexpired term certain of approximately 9.5 years and is fully-let in accordance with the following tenancy schedule: 

Unit Tenant Area Headline Rent Rent Lease Start Lease End Next Review Comments 

(GIA sq ft) (per annum) (sq ft) (Break Option) 

1 P1 World LLP Limited 4,747 £41,620.00 £8.77 15/06/2009 14/06/2019 15/06/2014 Half-rent in years 1 & 2 to be topped-up by Vendor 

(15/06/2014) Rent deposit held of £20,810. 

2 Milton Keynes Paint & 5,177 £61,481.25 £11.88 04/02/2008 03/02/2018 04/02/2013 

Equipment Limited 

3 Heating Plumbing Supplies Limited 2,912 £34,098.75 £11.71 29/01/2008 28/01/2018 29/01/2013 

4 Screwfi x Direct Limited 6,597 £79,481.25 £12.05 28/01/2008 27/01/2018 28/01/2013 

5/6 Betterstore Self Storage Luxco 1 16,387 £193,916.25 £11.83 12/02/2008 11/02/2033 12/02/2013 Bank Guarantee of £204,025. 

Sarl T/a Storage King 

450A Tchibo Coff ee International Limited 14,646 £116,500.00 £7.95 25/03/1988 24/03/2013 - 

450B Abgene Limited 16,825 £137,000.00 £8.14 25/03/1988 24/03/2013 - 

67,291 £664,097.50 £9.87 


Longmead Industrial Estate Epsom

COVENANTS 

The tenants have reported the following accounts: 

Unit Tenant D&B Accounts Turnover Profi t/(Loss) Before Net Worth 

Rating Date (£ 000’s) Taxes (£ 000’s) (£ 000’s) 

1 P1 World LLP Limited 

Company No.: 344809 

Website: http://www.p1international.com/ 

N4 Mar-10 Undisclosed Undisclosed (188) 

2 Milton Keynes Paint & Equipment Limited 2A1 Aug-09 8,779 786 3,786 

Company No.: 1019911 (92 out of 100) Aug-08 Not reported 538 3,217 

Website: http://www.mkpe.co.uk/ Aug-07 Not reported 846 2,806 

3 Heating Plumbing Supplies Limited 2A1 Dec-09 33,323 1,185 6,965 

Company No.: 4171695 (95 out of 100) Dec-08 30,880 1,601 6,259 

Website: http://www.hpsmerchant.co.uk/ Dec-07 28,036 2,100 5,252 

4 Screwfi x Direct Limited 5A1 Jan-09 491,980 27,345 113,018 

Company No.: 3006378 (100 out of 100) Jan-08 435,210 27,874 98,538 

Website: http://www.screwfi x.com/ Jan-07 347,477 26,410 77,851 

5/6 Betterstore Self Storage Luxco 1 Sarl T/a Storage King 

Company No.: 7272715 

Website: http://www.epsom.storageking.co.uk/ 

Undisclosed Undisclosed Undisclosed Undisclosed 

450A Tchibo Coff ee International Limited 3A1 Dec-08 22,920 2,506 14,830 


Website: http://www.tchibo-coff eeservice.co.uk/ Dec-06 23,106 3,358 10,187 

450B Abgene Limited 4A1 Dec-09 32,475 6,440 33,216 


Website: http://www.abgene.com/ Dec-07 24,678 5,433 20,436 

D&B Reports are available on request. 


Longmead Industrial Estate Epsom

INVESTMENT ACTIVITY 

The following comparable investment transactions have taken place in 2010: 

Date Property Price NIY 

November Capitol Industrial Park, London NW9 £3.75M 6.65% 

October Phoenix Trading Park, Brentford £16.0M 5.90% 

October Langley Connect, Langley £7.0M 6.75% 

April Gemini Business Park, Beckton £16.0M 6.81% 

March Kings Ride Park, Ascot £8.5M 6.75% 

TENURE 

The property is held Long-Leasehold from 

The Council of the Borough of Epsom and Ewell, 

at a peppercorn rent, for 150 years from 8 August 

1988. There is therefore approximately 

128 years unexpired. 

VAT 

The property has been elected for VAT purposes. 

It is the intention to treat this transaction as a 

Transfer of a Going Concern (TOGC). 

Dowley Turner Real Estate LLP on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 

1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 

2. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, 

but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 

3. No person in the employment of Dowley Turner Real Estate LLP has any authority to make any representation or warranty whatsoever in relation to this property. 

4. Unless otherwise stated, all priced and rents are quoted exclusive of VAT. November 2010. 



PROPOSAL 

Off ers are sought in excess of £9,000,000 

(Nine Million Pounds), subject to contract and 

exclusive of VAT, which refl ects an attractive 

net initial yield of 7.00%, assuming standard 

purchaser’s cost of 5.7625%. 

FURTHER INFORMATION 

Further information will be made available on request 

via a secure web site. 

CONTACTS 

To discuss this opportunity or to arrange an inspection 

please contact: 

John Adcock Tel: 020 3328 9088 

john.adcock@dtRealEstate.eu 

David Turner Tel: 020 3328 9082 

david.turner@dtRealEstate.eu 

Rupert Langdon Tel: 020 3328 9085 

rupert.langdon@dtRealEstate.eu

Epsom Investment v2.indd - Dowley Turner Real Estate | DTRE

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