53 ST GEORGES ROAD SW19 4EA Wimbledon Town Centre Freehold Office Investment for Sale

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1 53 ST GEORGES ROAD SW19 4EA Wimbledon Town Centre Freehold Office Investment for Sale Self-contained office building 3,219 sq ft with 8 car spaces Excellent Car Parking Ratio of 1:400 sq. ft. Producing 107,000 p.a excl Initial Net Yield after costs producing circa 4.67% Offers invited in the region of 2,145,000 plus VAT

2 Investment Summary An opportunity to acquire a secured freehold office investment in the centre of Wimbledon, an affluent area of London. Wimbledon Town Centre plans three major office schemes the first, in Hartfield Road is pre-let. Total office stock in the town centre is approximately 900,000 sq. ft. with a vacancy rate of less than 5%. The Investment The property is let to two tenants on two FRI leases providing a combined income of 107,000 per annum. The lease terms are for 10 years incorporating five yearly upward only rent reviews in The offices were constructed during the late 1980s and form part of a courtyard development of four selfcontained office buildings with courtyard car parking. Amenities include gas fired central heating and air cooling system.

3 Location The office investment is located in the heart of Wimbledon Town Centre, some 300m south of Wimbledon Main line and Underground station that has second-to-none transport links, with rail communications to the City and West End. London Waterloo (15 mins.) and London Vauxhall (11 mins.). Thameslink to Kings Cross and Luton Airport. The Tramlink is fully operational, serving Wimbledon through to Beckenham (Kent) via Central Croydon. Centre Court shopping centre with over 300,000 sq ft of shopping facilities adjoins the station. Ely s department store and other main retailers are located in the same street as the property. The town is also close to the A3 which provides easy access to the M25 and to Central London both Heathrow and Gatwick are within easy reach. Description A three-storey semi-detached office building providing two self-contained offices arranged on ground, first and second floors. The building is of concrete frame construction with brick facades under a dorma slated roof. Internally, the property benefits from excellent natural light. The floor layout is efficiently affording the opportunity of both open-plan and cellular accommodation. The specification includes suspended ceilings with integrated lighting, part air cooling system with male and female WCs which incorporate disabled facilities at ground floor. To the rear of the property, parking provides 8 car parking spaces, 6 of which are covered. Accommodation Gross Internal Area: Net Internal Area: 3,400 sq. ft. ( sq. m.) 3,219 sq. ft. ( sq. m.) EPC Certificate Ref No Rating C 75 Tenancy Details The property is let to two tenants providing a combined income of 107,000 per annum exclusive. Both leases are effectively Full Repairing & Insuring terms with full recovery of repair and maintenance costs through a service charge provision. Full tenancy details are set out in the attached schedule.

4 Tenants Covenant This Works Products Ltd company registration No The brand was founded by International Journalist and Beauty Expert, Kathy Phillips in 2003 and inspired by her global knowledge of health and beauty industry and her desire to create natural products that deliver on their promise. The company has improved results year on year. ACE Software company registration no ACE Software Solutions Private Limited is a specialist developer and provider of innovative software solutions to the Industrial and Trading House. The range of products include a comprehensive ERP solution, to suit different industry verticals like Auto Industry, Aero Space Industry, Leather Tannery, Leather Products, Trading, Foundry, Project Management. The company was incorporated in the year 2001, and has been in occupation since that date. Town Planning The building is not Listed nor located in a conservation area. The building is not subject to an Article 4 Directive, enabling a change of use to residential to be favourably considered. All interested parties to make their own enquires. VAT The property is elected for VAT purposes. Legal Costs Each party to bear their own legal costs incurred in the transaction. Proposal We are instructed to seek offers of 2,145,000 (Two Million One Hundred & Forty Five Thousand Pounds) plus VAT, reflecting a net initial yield of 4.67% after purchaser s costs of 6.8%.

5 Viewing Strictly by appointment through Sole Agents:- ANDREW SCOTT ROBERTSON Chartered Surveyors & Estate Agents Contact: John King or Stewart Rolfe Tel: AR & QS Holdings Limited T/A andrew scott robertson for itself and for the vendors or lessor of this property whose agents they are give notice that: (i) (ii) (iii) (iv) VAT may be applicable. the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants 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; no person in the employment of andrew scott robertson has any authority to make or give any representation or warranty whatsoever in relation to this property January 2017

6 Tenancy Schedule 53 St George s Road, Wimbledon SW19 4EA Demise Tenants Sq. Ft. NIA Sq. M Current Rent PA PSF Lease Start Date Lease Expiry Review Period Review or Break Date Car Spaces Ground & First Second This Works Production Ltd* Pelican T/A Ace , , Note Tenant Break Clause end of the 5 th year * The Net Internal Area excludes common parts.

7 53 St George s Road Wimbledon SW19 4EA

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