Freehold Supermarket Investment CGI

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1 Freehold Supermarket Investment C O - O P E R AT I V E G R O U P F O O D L I M I T E D H A M P TO N R O A D, T W I C K E N H A M T W 2 5 N J CGI

2 TO T WICKENHAM A311 / HAMPT ON ROA D AD H CROSS RO B358 / SIXT B358 / SOUTH ROAD 2

CO - O P E R ATIV E S UP E R M ARKE T IN V E STM E N T Investment Summary Prominent convenience retail parade and ground rent investment New build parade comprising a convenience supermarket, retail

3 CO - O P E R ATIV E S UP E R M ARKE T IN V E STM E N T Investment Summary Prominent convenience retail parade and ground rent investment New build parade comprising a convenience supermarket, retail unit and 3 residential ground rents Three apartments let on new 250 year leases producing 1,050 per annum with 5 yearly RPI reviews Retail unit let to local tenant at 14,800 per annum Located in an affluent London commuter town Total net rent of 115,850 per annum Well configured supermarket providing 3,500 sq ft over ground and basement The property provides an AWULT of years Freehold Offers over 2,185,000 (Subject to Contract) 5% Net Initial Yield Let to Co-Operative Group Food Limited Undoubted Covenant D&B rated 5A1 New 15 year lease at 100,000 per annum Five yearly upwards only rent reviews linked to RPI compounded collared and capped at 1% and 4% per annum Indicative internal photograph 3

Location Twickenham is located within the affluent south west quadrant of Greater London within the London Borough of Richmond-upon-Thames.

EDGWARE M1 A404 A4 0 6 M40 HARROW A5 03 WEMBLEY A4 0 MAIDENHEAD A4 0 SLOUGH M25 LONDON A3 12 A 13 M4 M4 A1 0 2 Twickenham has a population of approximately 97,000 which includes many professionals

A2 0 5 H E AT H R O W AIRPORT A2 14 A30 TWICKENHAM A 32 9 ( M ) A2 3 M4 WOKINGHAM KINGSTON UPON THAMES M3 A2 0 BROMLEY M3 A24 CROYDON A24 0 A2 32 A3 A3 A33 A243 WOKING Twickenham is world renowned

4 Location Twickenham is located within the affluent south west quadrant of Greater London within the London Borough of Richmond-upon-Thames. Twickenham is located 8 miles south west of central London, 4 miles from Kingston and 6 miles from Heathrow Airport. The A316 links directly to Junction 1 of the M3. EDGWARE M1 A404 A4 0 6 M40 HARROW A5 03 WEMBLEY A4 0 MAIDENHEAD A4 0 SLOUGH M25 LONDON A3 12 A 13 M4 M4 A1 0 2 Twickenham has a population of approximately 97,000 which includes many professionals working in Central London. A2 0 5 H E AT H R O W AIRPORT A2 14 A30 TWICKENHAM A 32 9 ( M ) A2 3 M4 WOKINGHAM KINGSTON UPON THAMES M3 A2 0 BROMLEY M3 A24 CROYDON A24 0 A2 32 A3 A3 A33 A243 WOKING Twickenham is world renowned for Twickenham Stadium, the home of English Rugby with a capacity of 82,500. As well as the venue for England rugby internationals, the stadium hosts many other sporting events, concerts and conferences attracting tens of thousands to the town on a regular basis. A4 0 6 A12 A1 A404(M) Twickenham benefits from excellent communication links with the nearby Fulwell mainline station providing a service to London Waterloo in 39 minutes. Numerous bus routes also serve the location. 4 A 2 17 M2 5 M3 L E AT H E R H E A D A2 3 FA R N B O R O U G H A331 A3 M2 5 M2 5

Situation 5 The property occupies an extremely prominent location at the junction of Hampton Road and Sixth Cross Road

M4 A4 CENTRAL LONDON A 3 07 M2 5 Heathrow T5 Heathrow T2&3 H E AT H R O W A I R P O R T GR TS EA O H UT -W ES TR A316 D

BRIDGE R E TA I L PA R K MP R Twickenham DO NR CH D ER LN A3 RICHMOND PA R K D EY LON ON T Whitton Feltham TS Strawberry

MP TO N CT RD HAMPTON COURT PA L AC E New Malden Hampton Court The property is one mile to the southwest of Twickenham

5 Situation 5 The property occupies an extremely prominent location at the junction of Hampton Road and Sixth Cross Road forming part of a vibrant retail parade serving the densely populated residential area. M4 A4 CENTRAL LONDON A 3 07 M2 5 Heathrow T5 Heathrow T2&3 H E AT H R O W A I R P O R T GR TS EA O H UT -W ES TR A316 D S CIR Richmond Heathrow T4 Hounslow TWICKENHAM S TA D I U M AR R RIVER THAMES OA D St Margarets RO E H A M25 CUL IVY BRIDGE R E TA I L PA R K MP R Twickenham DO NR CH D ER LN A3 RICHMOND PA R K D EY LON ON T Whitton Feltham TS Strawberry Hill CO A30 UN AY YW TR APEX R E TA I L PA R K Fulwell A 30 8 Teddington A3 Wimbledon Kempton Park Hampton A30 8 HA M3 MP TO N CT RD HAMPTON COURT PA L AC E New Malden Hampton Court The property is one mile to the southwest of Twickenham Town centre opposite Brouge Gastropub and immediately adjacent to a Wickes retail warehouse, Volkswagen car showroom and the award winning Squires Garden Centre.

Description The property comprises an impressive new corner building arranged over basement, ground and two upper floors of brick construction under a

Internally, Unit 1 provides an open plan supermarket over ground and basement which will be fitted out in Co-Op s latest trading format.

To the rear of the property, accessed from Sixth Cross Road, is a surface car park with 9 spaces, 6 of which are dedicated to the Co-Op store.

6 Description The property comprises an impressive new corner building arranged over basement, ground and two upper floors of brick construction under a pitched roof and a rear surface car park. The entire property extends to 6,964 sq ft. Internally, Unit 1 provides an open plan supermarket over ground and basement which will be fitted out in Co-Op s latest trading format. Externally there will be an ATM on the side elevation. To the rear of the property, accessed from Sixth Cross Road, is a surface car park with 9 spaces, 6 of which are dedicated to the Co-Op store. The property benefits from rear servicing. Unit 2 comprises a smaller format convenience store occupied by a local tenant. At first and second floors within the Freehold demise there will be three independently accessed two bedroom apartments sold on 250 year Long Leaseholds. Anticipated Practical completion will be in late September

7 CO-OPERATIVE SUPERMARKET INVESTMENT HAMPTON ROAD, TWICKENHAM TW2 5NJ 7 Tenancy & Accommodation The property is let in accordance with the tenancy schedule below on full repairing and insuring leases. Unit Area (sq ft) Tenant Term Lease Start Rent Review Lease Expiry Rent (PSF) Comments Unit 1 (Basement: 1,300) Ground Floor: 2,200 Total: 3,500 Co-Operative Ground Food Limited 15 1/10/18 1/10/23 30/9/33 100,000 5 yearly RPI (1-4% Collar/Cap) Unit Mr & Mrs Ruparel & Mr Shanmugarajah 15 15/1/10 14/1/25 14,800 No further reviews Flat A 872 Twickenham Assets Limited 250 1/10/18 1/10/23 30/9/ yearly RPI (All Items) Flat B 907 Twickenham Assets Limited 250 1/10/18 1/10/23 30/9/ yearly RPI (All Items) Flat C 889 Twickenham Assets Limited 250 1/10/18 1/10/23 30/9/ yearly RPI (All Items) Total 6,964 sq ft 115,850 SITE The freehold property extends to 0.2 acres, and includes a tarmacked car park to the rear of the property.

CO-OPERATIVE SUPERMARKET INVESTMENT 224-226 HAMPTON ROAD, TWICKENHAM TW2 5NJ 8 Tenure The property is held Freehold.

8 CO-OPERATIVE SUPERMARKET INVESTMENT HAMPTON ROAD, TWICKENHAM TW2 5NJ 8 Tenure The property is held Freehold. Basement Level A311 / HAMPTON ROAD Retail 1 Basement Retail 1300sqft 1 Basement (Co-op fit out) 1300sqft (Co-op fit out) Ground Floor B358 / SIXTH CROSS ROAD HAMPTON ROAD SIXTH CROSS ROAD

Covenant Status Co-operative Group Food Limited (Company Number: IP26715R) is a wholly owned subsidiary of The Co-operative Group Ltd which was established in 1844 and now operates 4,500 outlets with

Co-operative Group Food is the UK s 5th largest food retailer with almost 2,800 local, convenience and medium sized stores employing over 69,000 people.

9 Covenant Status Co-operative Group Food Limited (Company Number: IP26715R) is a wholly owned subsidiary of The Co-operative Group Ltd which was established in 1844 and now operates 4,500 outlets with almost 90,000 employees and has an annual turnover of billion. Co-operative Group Food is the UK s 5th largest food retailer with almost 2,800 local, convenience and medium sized stores employing over 69,000 people. The company has been undertaking a rationalisation of its stores over the last 24 months with the disposal of a number of its larger stores and smaller stores (McColls disposal) with the focus on retaining and expanding the convenience stores within its estate. The company opened over a 100 new convenience stores in 2016 at a cost of 70m. Indicative internal photograph A summary of Co-operative Group Limited accounts is set out below. Indicative internal photograph Co-Operative Group Ltd 31/12/ /12/2015 Turnover 9,472,000,000 9,201,000,000 Pre Tax Pro ts 132,000,000 23,000,000 Shareholder Fund 3,029,000,000 2,937,000,000 Experian Delphi Rating 100 (Very Low Risk) Dun & Bradstreet Rating 5A1. Further information is available at 9

10 Proposal We have been instructed to seek offers in excess of 2,185,000 (Two Million One Hundred and Eighty Five Thousand Pounds) subject to contract, for our client s freehold interest.

10 10 Proposal We have been instructed to seek offers in excess of 2,185,000 (Two Million One Hundred and Eighty Five Thousand Pounds) subject to contract, for our client s freehold interest. Our client would consider offers for a combination of the different income streams. A purchase at this level reflects the following yield profile, after deduction of purchase costs: Net Initial Yield 5% Reversionary Yield (2023): 5.65% Reversionary Yield (2028): 6.45% VAT The property has been elected for VAT purposes and the sale is intended to be treated as a Transfer of a Going Concern (TOGC). Anti-Money Laundering Regulations In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser Energy Performance Certificate To be provided on request. We have applied an average RPI rate of 3% as an estimate of future rental growth and yield performance. F U R T H E R I N F O R M AT I O N For further information or to arrange an inspection, please contact: Rob Steward rs@christopherdee.co.uk Daniel Campbell dc@christopherdee.co.uk Christoper Dee 315 Linen Hall Regent Street London W1B 5TD Adam Bullas Abullas@savills.com Piers Cook Pcook@savills.com Savills (UK) Ltd 33 Margaret Street London W1G 0JD MISREP: The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. Christopher Dee, Savills, nor any of its employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fulfilling its intended function. Prospective tenants/ purchasers should satisfy themselves as to the fitness of such equipment for their requirements. September 2018.

Co-Operative Supermarket Investment Former Paddock Hotel and Public House, Goodison Boulevard/Cantley Lane, Cantley, Doncaster, DN4 6NL

Co-Operative Supermarket Investment Former Paddock Hotel and Public House, Goodison Boulevard/Cantley Lane, Cantley, Doncaster, DN4 6NL CGI new signage Co-Op, Former Paddock Hotel and Public House, Goodison