Charles house - Cortex€¦ · Charles house bloCk a CA.A01 Amarjit Singh Talwar 875 £36,918 £32,289 £36.90 £4,629 01/12/2013 30/11/2015 Contracted out of 1954 Act. LMC Southall

Charles houseBridge road Southall london uB2 4Bd

Multi -let induStrial inveStMent / developMent opportunity

Great Western Industrial Park

Honey Monster Factory

Subject Property

Former gas works siteBerkley Groups 80 acre residential development site

Southall Station Crossrail completion 2019

Investment ConsIderatIons ■ West London multi let industrial investment opportunity

■ Prominent site fronting Bridge Road

■ Freehold site extending to 1.1 ha (2.74 acres) and 6,696.95 sq m (72,086 sq ft)

■ Improving location with the proposed Crossrail Station at Southall further improving access to Central London

■ Significant inward investment in the area highlighted with the redevelopment of the Gas Works and the inclusion of the subject property in the Southall Opportunity Area Planning Framework (SOAPF)

■ Development opportunity subject to planning. The area has been designated for ‘flexible employment use’ and due to both current and further proposed road frontage there is the suggestion that increased massing on the site would be considered

■ Net Income is £1,237,674 per annum equating to £17.39 per sq ft with a vacancy rate of 1.27% highlighting the demands for such property

■ Offers are sought in excess of £13,760,000 (Thirteen Million Seven Hundred & Sixty Thousand Pounds). Assuming usual purchaser’s costs of 5.8%, a purchase at this level reflects a net initial yield of 8.50%, a Capital Value of £190 psf.

Paddington

ShenfieldRomford

Brentwood

HaroldWood

GideaPark

CustomHouse

ChadwellHeath

Goodmayes

SevenKings

ManorPark

IlfordForestGateStratford

WhitechapelFarringdonIverSloughTaplowBondStreet

ActonMain Line

WestEaling

TottenhamCourt Road

CanaryWharf

Liverpool Street

Langley WestDrayton

HeathrowAirport

EalingBroadwayHanwell

Southall

Hayes &Harlington

AbbeyWood

Maryland

Woolwich

BurnhamMaidenhead

Surface line Tunnel

Portal (tunnel entrance and exit)

CrossraIl

Southhall

Hayes &Harlington

Bridge Road

Gre

enfo

rd R

oad

B454 W

indmill Lane

High Street A4020 Uxbridge Road

Uxbridge Road

The G

reen

A3005

Mer

rick

Ro

ad

Sout

h R

oad

Hayes Road Western Road

Montague Waye

Win

dmill

Lan

e

Hest

on R

oad

A3005 Norwood Road

A41

27

Tent

elo

w Lane

North Hyde Road

A312

Th

e P

arkw

ay

J3

M4

CHARLES HOUSE

LONDONHeathrow

LondonCity

Gatwick

StanstedLuton

J27J25J23

J21

J20

J19

J16

J15

J12

J10

J7J8

J9

J6

J5

J3

J2

J29

J28

A5

A505

A418

A602A131A130

A138

A130

A127

A217

A331

A322

A339

A316

A309

A232

A264

A264

A229

A120

A404

A355

A404

A413

A4142

A4010

A414

A414

A414

A1

A2

A3

A3

A41

A34

A40

A31

A24

A22

A21

A20

A10

A10

A12

A12

A13

A26

A21

A23

A23

A420

A303

A34

A34

A44

A40

M1

M4

M4

M2

M3

M3

M10

M40

A404(M)

A329(M)

M25

M25

M25

M25

M25

M25

M23

M26

M20

M20

M11

M11

A1(M)

M1

Harlow

Bishop’sStortford

EppingPotters Bar

Knebworth

Hertford

LUTON

Aylesbury

Dunstable Stevenage

Hatfield

Dartford

Bromley

Gravesend

Gillingham

Shoreham

Rochester

Sittingbourne

Croydon

Biggin Hill

Romford

Sevenoaks

Tonbridge

RoyalTunbridge

Wells

Maidstone

Snodland

Sheerness

StaplehurstPaddock

Wood

East GrinsteadCrawley Three Bridges

Horley

Horsham

Witley

Godalming

Cranleigh

NorthHorsham

HaywardsHeath

Burgess Hill

Redhill

Oxted

DorkingGUILDFORD Reigate

Staines

Slough

HemelHempstead

Chesham

Berkhamsted St Albans

HighWycombe

Thame

Watford

WembleyUxbridge

Ruislip

Rickmansworth

BrentCross

Woking

SouthOxney

SOUTHHALL

HarefieldHarrow

Borehamwood

Enfield

Windsor

Famborough

Aldershot

Alton

BASINGSTOKE

Famham

Fleet

WokinghamBracknall

Egham

Ascot

SandhurstBagshot

READING

OXFORD

Henley-on-ThamesMaidenhead

EpsomSutton

Swanley

Fulham

Ashford

RichmondHounslow

KingstonUpon Thames

BillericayWickford

Stanford-le-Hope

Southend-on-SeaBenfleetCanveyIsland

Brentwood

Chelmsford

ChippingOngar

Basildon

Welwyn GardenCity

Walton-on-Thames

Clapham

Harpenden

E1

E2

E3

E4

E5

E6

E7

E8

E9

E10

E11

E12

C15

C15a

W.C W.C

W.C W

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W.C

FIRST FLOOR

H1H1aH1bH2H3H4H5H6H7H8H9H10H11

FroM Southall > heathrow airport > london paddington > tottenhaM Court road > Farringdon > london liverpool Street > whiteChapel > Canary wharF8 mins 13 mins 19 mins 22 mins 24 mins 27 mins 31 mins

loCatIonSouthall is in the London Borough of Ealing, West London. It lies approximately 12 miles west of Central London, 5.7 miles north east of Heathrow Airport, the largest and busiest airport in the UK.

Southall benefits from excellent transport communications and is approximately 2.3 miles north east of the M4 (Junction 3) accessible via the A312 (The Parkway). Junction 15 of the M25 is situated approximately 5.3 miles to the west and is access via the M4.

The A40 is approximately 3.2 miles to the north.

There are regular direct rail services from London Paddington to Southall rail station with a fastest journey time of approximately 13 minutes running almost every 10 minutes. Southall rail station is approximately 0.5 miles to the west of the property and will benefit from Crossrail.

The area also benefits from a number of bus routes connecting Southall to Greater London.

sItuatIonThe property occupies a large site with good road frontage onto Bridge Road. It is surrounded by industrial land. Great Western Industrial Park is situated immediately to the north of the property across the railway line and immediately adjacent to the Honey Monster factory.

Whilst the area is predominantly dated industrial stock there is significant regeneration planned for the area and therefore land that is currently brownfield or obsolete industrial stock is likely to be redeveloped in the medium term. The area has been specifically released from being a ‘strategically industrial location’.

© Crown Copyright, ES 100004106. For identification purposes only.

Former gas works siteBerkley Groups 80 acre residential development site

Key:

➜ primary route

■ new residential led development

■ Flexible employment use (B1)

■ new mixed use development

■ Strategic industrial location

■ Locally significant industrial sites

Subject Property

The arches

Southall Station Crossrail completion 2019

desCrIptIon

the property occupies a large site fronting Bridge road. the property is built from a combination of brick and steel frame construction set beneath flat and pitched roofs.

traditionally constructed as industrial the majority of the accommodation is arranged over ground floor only although to the front of the property, fronting Bridge road, the brick built element is arranged over ground and first floor.

although built as industrial accommodation the property is used as quasi retail and has been subdivided into individual units

running the length of the property and arranged into 7 separate blocks.

the majority of the units are arranged to create covered parades accessed off Bridge road although Block a, running along the western boundary of the site, has access off the service road and provides for larger units. directly opposite these units the adjoining property has adopted the same use creating an uncovered parade with vehicular access to the rear of the property.

the site is irregular in shape and extends to 2.74 acres (1.11 ha).

regeneratIon Southall will benefit from Crossrail due for completion in 2019 which will see a comprehensive redevelopment of the station and reduce journey times to the west end from 45 minutes to 18 minutes. this will coincide with the redevelopment of the former Southall gas works site. Berkeley has agreed a deal with national grid to redevelop

the 80 acre site creating 3,750 homes together with 525,000 sq ft of commercial community accommodation and a new primary school. the development is expected to generate 1,000 new jobs and work on the site will begin in 2015 with the first homes being delivered in 2019.

development potentIalThe area is benefitting for significant inward investment and the draft Southall opportunity area planning Framework (SoapF) sets out the planning, regeneration and design guidance that will lead to the creation of 6,000 new homes and up to 3,000 jobs.

the SoapF has been prepared in collaboration with ealing Council and tFl. it was adopted by the Mayor of london on 16 July 2014 as Supplementary planning guidance (Spg) to the london plan. it was also adopted by ealing Council on 15 July 2014 as a Supplementary planning document (Spd) to ealing’s local plan. the framework has been revised to respond to matters raised during the public consultation process that took place between december 2013 and February 2014.

the plan divides the area into an number of ‘character areas’ with the subject property falling within ‘east Southall’ which is an area made up of residential creating 800 new homes, 900 sqm of retail/commercial and community accommodation and 8,500 sqm B1 managed workspace.

Charles house is designated as ‘Flexible employment use (B1)’ and has been specifically released from designation of Strategic industrial location and will form a buffer between residential and industrial. the intention being to achieve the integration of SMe space compatible with residential uses along its boundary. it is suggested that there may be scope for taller buildings in some locations to create variety in the skyline and this will be the case on arterial routes of which one is proposed running along the northern boundary of the property.

tenanCy sCheduleunit ref tenant name area

sq ftgross

rent net rent rent

psf inclusive

s/c lease

Startlease expiry

Comment

Charles house bloCk a

CA.A01 Amarjit Singh Talwar 875 £36,918 £32,289 £36.90 £4,629 01/12/2013 30/11/2015 Contracted out of 1954 Act. 5% annual increase on gross rent.

CA.A02 H K Mobile Accessories Ltd. 2,775 £42,998 £28,318 £10.20 £14,680 01/10/2011 30/09/2014 Holding over.

CA.A03 HK Mobile Accessories Ltd. 1,820 £32,470 £22,842 £12.55 £9,628 17/09/2012 16/09/2014

Rolling break subject to 3 months notice. Holding over. 5% annual increase on gross rent.

CA.A04 P.R.S. (London) Ltd. 1,750 £31,401 £22,143 £12.65 £9,258 01/07/2011 30/06/2013Rolling break subject to 3 months notice. Holding over. 5% annual increase on gross rent.

CA.A05 Rakesh Kumar 1,813 £25,300 £15,709 £8.66 £9,591 01/04/2009 31/03/2012 Rolling break subject to 3 months notice. Holding over

CA.A06 Harwin (UK) Ltd. & Ropinder Singh 1,820 £37,188 £27,560 £15.14 £9,628 01/12/2008 30/11/2010


CA.A07 Evre Ltd. & Rahul Sobhraj 1,820 £42,224 £32,596 £17.91 £9,628 01/01/2015 31/12/2016Rolling break subject to 6 months notice. 5% annual increase on gross rent.

CA.A08 Eurasia Trade (UK) Ltd. & Amar Singh Manocha 1,813 £35,242 £25,651 £14.15 £9,591 01/12/2014 30/11/2016

Rolling break subject to 6 months notice. 5% annual increase on gross rent.

CA.A09 Dashmesh Company Ltd. 2,100 £37,681 £26,572 £12.65 £11,109 01/07/2011 30/06/2014Rolling break subject to 3 months notice. Holding over. 5% annual increase on gross rent.

CA.A10 Ajmal Trading Ltd. & Ahmadwalid Milad 2,500 £55,598 £42,373 £16.95 £13,225 01/02/2013 31/01/2015


CA.A11 Cinderella Shoes Ltd. & Satpal Singh Kukreja 5,000 £53,183 £26,733 £5.35 £26,450 01/04/2012 31/03/2015

CA.A12 Zenith Wholesale Ltd. & Niraj Gulati 5,500 £54,695 £25,600 £4.65 £29,095 01/08/2009 31/08/2009 Holding over

CA.A13-1 Manor Narula £1,200 £1,200 01/05/2010 01/06/2010 Rolling break subject to 1 months notice

CA.A13-2 RKK Enterprise Ltd. £1,200 £1,200 01/12/2009 Rolling break subject to 1 months notice

CA.A13-3 Zenith Wholesale Ltd. £1,200 £1,200 01/08/2009 31/08/2009 Rolling break subject to 1 months notice

CA.A13-4 Ajmeet UK Ltd & Mano Singh Gaba £2,040 £2,040 01/07/2013 01/07/2015 Rolling break subject to 1 months notice

CA.A13-5 R B Enterprises (UK) Ltd. £2,040 £2,040 01/06/2009 30/06/2009 Rolling break subject to 1 months notice

CA.A13-6 Shiny Trade Ltd. £1,560 £1,560 01/07/2010 31/01/2011 Rolling break subject to 1 months notice

CA.A13-7 Nice Carpets Ltd £960 £960 15/01/2015 Rolling break subject to 1 months notice

CA.A13-8 Zenith Wholesale Ltd. £1,200 £1,200 01/08/2009 31/08/2009 Rolling break subject to 1 months notice

CA.A13-9 RKK Enterprises & Sahil Khanna £2,040 £2,040 14/09/2009 13/10/2009 Rolling break subject to 1 months notice

CA.A13-10 Ajmeet UK Ltd. & Mano Singh Gaba £1,200 £1,200 01/07/2013 01/07/2015 Rolling break subject to 1 months notice

CA.A13-11 Ajmeet UK Ltd & Mano Singh Gaba £1,200 £1,200 01/07/2013 01/07/2015 Rolling break subject to 1 months notice

CA.A13-12 3Angels Distribution Ltd £1,200 £1,200 01/06/2010 30/06/2011 Rolling break subject to 1 months notice

sub total 29,586 £501,936 £345,426

unit ref tenant name area sq ft

gross rent

net rent rent psf

inclusive s/c

lease Start

lease expiry

Comment

Charles house bloCk b

CA.B01 LMC Southall Ltd. & Shalander Singh Joneja 820 £28,478 £24,140 £29.44 £4,338 01/06/2014 31/05/2016 5% annual increase on gross rent

CA.B02 A & MK Enterprises Ltd. 663 £32,498 £28,991 £43.73 £3,507 01/08/2014 31/07/2016Rolling break after 12 months subject to 6 months notice 5% annual increase on gross rent

CA.B03-4

Ajmeet UK Ltd. & Mano Singh Gaba 624 £22,029 £18,728 £30.01 £3,301 01/04/2013 31/03/2015 5% annual increase on gross rent

CA.B05 Hashmatullah Azizi 312 £10,364 £8,713 £27.93 £1,650 01/04/2012 31/03/2014 3 month rolling break. Holding over

CA.B06 Pal Singh Kapoor t/a The Sweet Box 312 £9,948 £8,297 £26.59 £1,650 01/11/2010 31/10/2012 Holding over. 5% annual increase on

gross rent

CA.B07 Khurana Scarves UK Ltd. & Utar Singh Khurana 312 £9,023 £7,372 £23.63 £1,650 01/10/2011 30/09/2013 Rolling break subject to 3 months notice.

Holding over

CA.B08 J.I.C London Ltd. & Arjit Singh 312 £10,890 £9,240 £29.61 £1,650 01/06/2014 31/05/2016

Rolling break after 12 month subject to 6 months notice 5% annual increase on gross rent

CA.B09 Atalaan Ltd & Ahmad- Javid Ibrahim Khail 312 £11,466 £9,816 £31.46 £1,650 01/01/2014 31/12/2015 5% annual increase on gross rent

CA.B10 Bashir Abdul Karimi 312 £10,445 £8,794 £28.19 £1,650 23/12/2009 22/12/2011 Rolling break subject to 3 months notice Holding over. 5% annual increase on gross rent

CA.B11 Top One PVT Ltd. & Swinder Singh Chawla 312 £10,445 £8,794 £28.19 £1,650 04/11/2009 03/11/2010 Holding over. 5% annual increase on

gross rent

CA.B12 GPN Marwa Ltd. 312 £10,835 £9,185 £29.44 £1,650 01/08/2012 31/07/2014 Rolling break subject to 3 months notice Holding over. 5% annual increase on gross rent

CA.B13 Amal Hashemi 312 £11,935 £10,284 £32.96 £1,650 01/12/2012 30/11/2014 Holding over. 5% annual increase on gross rent

CA.B14 Sunmax (UK) Ltd. & Manmohan Singh Rawal 312 £11,640 £9,989 £32.02 £1,650 05/10/2009 04/10/2011 Rolling break subject to 3 months notice

Holding over 5% annual increase on gross rent

CA.B15 Mohammad Khogiani 268 £9,790 £8,372 £31.24 £1,418 01/02/2014 31/01/2016 5% annual increase on gross rent

CA.B16 Gogars Trading Ltd. & 270 £9,724 £8,296 £30.72 £1,428 01/11/2013 31/10/2015 Rolling break subject to 6 months notice 5% annual increase on gross rent

CA.B17 Metro GB Ltd. & Taranjit Singh Khurana 274 £8,719 £7,270 £26.53 £1,449 05/07/2010 04/07/2012 Rolling break subject to 3 months notice


CA.B18 London Soho Ltd. & Haji Mohammad Yasin 305 £10,306 £8,692 £28.50 £1,613 01/06/2013 31/05/2015 Rolling break subject to 3 months notice 5%

annual increase on gross rent

CA.B19 J S R Trading (UK) Ltd. 279 £9,283 £7,807 £27.98 £1,476 01/11/2012 31/10/2014 Rolling break subject to 3 months notice Holding over 5% annual increase on gross rent

sub total 6,623 £237,816 £202,780


gross rent

net rent rent psf

inclusive s/c

lease Start

lease expiry

Comment

Charles house bloCk C

CA.C01 Legacy Enterprises (GB) Ltd. 670 £19,028 £15,484 £23.11 £3,544 14/04/2009 13/04/2011 Section 25 served

CA.C02 Kapoor (UK) Ltd. & Harjit Singh Kapour 456 £19,924 £17,512 £38.40 £2,412 01/05/2012 30/04/2014 Rolling break subject to 3 months notice


CA.C03 Angel Traders London Ltd. & Jogal Nath 456 £15,911 £13,499 £29.60 £2,412 01/08/2014 31/07/2016 6 month rolling break

5% annual increase on gross rent

CA.C04 Sedaqat Distribution Ltd. 456 £18,418 £16,006 £35.10 £2,412 01/01/2012 31/12/2014 Rolling break subject to 3 months notice Holding over 5% annual increase on gross rent

CA.C05 Deep Enterprises UK Ltd. 456 £21,142 £18,730 £41.07 £2,412 01/11/2013 31/10/2015 6 month rolling break 5% annual increase on gross rent

CA.C06 Mohamed Nasim 456 £21,140 £18,728 £41.07 £2,412 01/12/2012 30/11/2014 6 month rolling break Holding over 5% annual increase on gross rent

CA.C07 Daljit Singh Kapoor 456 £18,634 £16,221 £35.57 £2,412 01/09/2013 31/08/2015 6 month rolling break 5% annual increase on gross rent

CA.C08 Farhad Naffee 456 £18,391 £15,978 £35.04 £2,412 01/07/2010 30/06/2012 Rolling break subject to 3 months notice Holding over 5% annual increase on gross rent

CA.C09 Maiwand Naffee 456 £17,515 £15,103 £33.12 £2,412 01/03/2013 28/02/2015 6 month rolling break 5% annual increase on gross rent

CA.C10 H S Sons Ltd. & Kirpal Singh Sachdev 456 £18,391 £15,978 £35.04 £2,412 20/12/2010 19/12/2012 Rolling break subject to 3 months notice


CA.C11 Jasmeet Singh Madhan 456 £18,585 £16,173 £35.47 £2,412 01/07/2014 30/06/2016 5% annual increase on gross rent

CA.C12 Bagat Singh Chopra 456 £21,146 £18,734 £41.08 £2,412 01/11/2013 31/10/2015 6 month rolling break. 5% annual increase on gross rent

CA.C13 Eagle Cash & Carry Ltd. 456 £18,255 £15,843 £34.74 £2,412 01/09/2008 31/08/2010 Rolling break subject to 3 months notice Holding over 5% annual increase on gross rent

CA.C14 Shiny Trade Ltd and Iobal Singh 420 £20,279 £18,057 £42.99 £2,222 15/10/2008 14/10/2010 Rolling break subject to 3 months notice


CA.C15 A/B

OCR UK Ltd. & Abib Khow Abdul 1250 £13,200 £6,588 £5.27 £6,613 28/02/2014 27/02/2016 Rolling break subject to 3 months notice 5%


CA.C16 Nanak Nath Arora & Hardeep Singh 836 £17,110 £12,688 £15.18 £4,422 01/04/2011 31/03/2013 3 month rolling break. Holding over 5%


sub total 8648 £297,070 £251,322


gross rent

net rent

rent psf

inclusive s/c

lease Start

lease expiry

Comment

Charles house bloCk d

CA.D01 AS Mobile Accessories Ltd. 1210 £35,905 £29,504 £24.38 £6,401 01/03/2014 29/02/2016 5% annual increase on gross rent.

CA.D02/D03

JS Accessories Ltd. & Gurmeet Singh Sethi 1807 £36,057 £26,498 £14.66 £9,559 01/01/2010 31/12/2011


CA.D04 Bagberrys Ltd. & Gul Singh Arora 918 £20,475 £15,619 £17.01 £4,856 01/01/2014 31/12/2015


CA.D05 Siasa Telecom Ltd. & Mohammed Sadiq 940 £21,433 £16,460 £17.51 £4,973 21/03/2011 20/03/2013 Holding over. 5% annual increase

on gross rent.

CA.D06 Smartfone Accessories UK Ltd. & Bachan Singh 980 £22,607 £17,422 £17.78 £5,184 01/10/2013 30/09/2015 5% annual increase on gross rent.

CA.D07 UK Accessories Ltd. & Amrik Singh Arora 980 £22,736 £17,552 £17.91 £5,184 01/05/2014 01/01/2017


CA.D08 Fast Phone Repair Ltd. 795 £15,281 £11,075 £13.93 £4,206 01/02/2012 31/01/2014Rolling break subject to 3 months notice. Holding over. 5% annual increase on gross rent.

sub total 7630 £174,493 £134,130

Co

nta

iner

sto

ra

ge


gross rent

net rent rent psf

inclusive s/c

lease Start

lease expiry

Comment

Charles house bloCk e

CA.E01Pure Connect Ltd. & Opinder Singh Gulati

877 £39,239 £34,600 £39.45 £4,639 13/06/2014 12/06/2016 5% annual increase on gross rent.



CA.E03-4Jessron Trading Ltd. & Qing Yu

865 £25,320 £20,744 £23.98 £4,576 10/11/2014 31/03/2016 5% annual increase on gross rent

CA.E05Ocean Enterprises UK Ltd. & Atta Ul Qadeer

431 £12,000 £9,720 £22.55 £2,280 01/05/2014 30/04/20166 month rolling break 5% annual increase on gross rent

CA.E06 Tajbir Singh 434 £11,853 £9,557 £22.02 £2,296 01/11/2014 31/10/2016 5% annual increase on gross rent

CA.E07 Mobile Market Ltd. 431 £11,760 £9,480 £22.00 £2,280 27/11/2014 26/11/2016 5% annual increase on gross rent



CA.E09Homate Ltd. & Fardeen Ibrahim Zadeh


CA.E10JS Accessories Ltd. & Vikram Jeet Singh


CA.E11 Amarjit Singh Gulati 463 £14,674 £12,224 £26.40 £2,449 01/04/2013 31/03/2015 5% annual increase on gross rent

CA.E12 Vacant 916

sub total 6,520 £174,841 £145,196


gross rent

net rent rent psf

inclusive s/c

lease Start

lease expiry

Comment

Charles house bloCk F

CA.F01I Mobile Accessories (UK) Ltd.

1,312 £29,871 £22,931 £17.48 £6,940 01/08/2014 31/07/2016 5% annual increase on gross rent

CA.F02RB Traders UK Ltd. & Balwant Singh Kakar

1,090 £21,473 £15,707 £14.41 £5,766 01/02/2009 31/01/2012Rolling break subject to 3 months notice Section 25 served 5% annual increase on gross rent

CA.F03Mobiles Master UK Ltd.

1,163 £24,350 £18,198 £15.65 £6,152 01/11/2013 31/10/2015Rolling break subject to 6 months notice 5% annual increase on gross rent

CA.F04Elite Europe Ltd. & Banoch Kumar

1,163 £22,606 £16,454 £14.15 £6,152 01/01/2014 31/12/2015 5% annual increase on gross rent

CA.F05Toys Warehouse UK Ltd. & Kulbir Arora

1,163 £21,077 £14,925 £12.83 £6,152 12/09/2010 11/09/2012Holding over 5% annual increase on gross rent

CA.F06Toys Warehouse UK Ltd.

1,420 £26,896 £19,384 £13.65 £7,512 01/04/2012 31/03/2014Rolling break subject to 3 months notice Holding over 5% annual increase on gross rent.

sub total 7,311 £146,273 £107,598

Sq Ft gross rent net rent

BLOCK A 29,586 £501,936 £345,426

BLOCK B 6,623 £237,816 £202,780

BLOCK C 8,648 £297,070 £251,322

BLOCK D 7,630 £174,493 £134,130

BLOCK E 6,520 £174,841 £145,196

BLOCK F 7,311 £146,273 £107,598

BLOCK H 5,768 £81,735 £51,222

total 72,086 £1,614,164 £1,237,674


gross rent

net rent

rent psf

inclusive s/c

lease Start

lease expiry

Comment

Charles house bloCk h

CA.H01 AR. Jay Company Ltd & Kunwar Sahni 800 £10,210 £5,978 £7.47 £4,232 01/09/2013 31/08/2015 Rolling break subject to 6 months notice.

5% annual increase on gross rent.

CA.H01A AR JAY Company Ltd. & Kunwar Sahni 255 £5,025 £3,676 £14.42 £1,349 13/06/2014 12/06/2016 5% annual increase on gross rent.

CA.H01B G Mobile INT UK Ltd. & Gurjit Singh 242 £3,678 £2,398 £9.91 £1,280 01/08/2014 31/07/2016 5% annual increase on gross rent.

CA.H02 Barrel Beers Ltd. 320 £6,531 £4,838 £15.12 £1,693 08/12/2008 07/12/2010Rolling break subject to 3 months notice. Holding over. 5% annual increase on gross rent.

CA.H03Phones 4 Ever 2 Ltd & Tajinder Singh Malhotra


CA.H043Angels Distribution Ltd & Amarjit Singh Gaba

200 £4,800 £3,742 £18.71 £1,058 01/12/2014 30/11/2016 Rolling break subject to 6 months notice. 5% annual increase on gross rent.

CA.H05 Bargain Busting Ltd. & Kulbir Singh 550 £8,410 £5,500 £10.00 £2,910 01/08/2014 31/07/2016 5% annual increase on gross rent.

CA.H06 Fone Cloud Ltd. 415 £5,520 £3,325 £8.01 £2,195 06/06/2014 05/06/2016 Rolling break subject to 6 months notice. Stepped Rent 06/06/15 to £5,796.

CA.H07 Gold Star UK Trading Ltd. 420 £6,840 £4,618 £11.00 £2,222 18/08/2014 17/08/2016 Rolling break subject to 6 months notice.

Stepped Rent 18/08/15 to £7,182.

CA.H08 Icon Accessories Ltd & Rajinder Singh Khurana 640 £7,172 £3,786 £5.92 £3,386 01/06/2014 31/05/2016 Rolling break subject to 6 months notice.


CA.H09 Vandys Accounting Ltd. & Diljeet Singh 200 £2,600 £1,542 £7.71 £1,058 01/08/2014 31/07/2016 Rolling break subject to 6 months notice.


CA.H10 Online Goods Retail Enterprise Ltd. 400 £5,175 £3,059 £7.65 £2,116 01/10/2014 30/09/2016 Rolling break subject to 6 months notice.


CA.H11 Teletext Trading Ltd 996 £10,068 £4,799 £4.82 £5,269 01/12/2014 30/11/2016 Rolling break subject to 6 months notice. 5% annual increase on gross rent.

sub total 5,768 £81,735 £51,222

tenancies as at 02/02/15.

proposal Offers are sought in excess of £13,760,000 (thirteen million seven hundred & sixty thousand pounds). assuming usual purchaser’s costs of 5.8%, a purchase at this level reflects a net initial yield of 8.50%, a Capital value of £190 psf.

servICe Chargethe service charge budget for the current financial year ending 31/03/2015 is £382,563 equating to £5.29 per sq ft.

non reCoverablesthe current vacancy level is 916 sq ft.

Service Charge £4,845

Rates £5,298

Total £10,143

tenureFreehold

epCthe property has been rated C on the epC scale (61). EPC certificates available upon request.

vatthe property is elected for vat purposes and therefore vat will be payable by the purchaser, unless the sale is structured as a togC.

Guy Scott Plummer020 7543 [email protected]

For FurthEr inFormation or to makE arrangEmEntS For viEwing plEaSE ContaCt:

www.allsop.co.uk

Scott Tyler020 7543 [email protected]

Richard Lea020 7543 [email protected]

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD www.commandHQ.co.uk 02.15

hIstorIC InCome proFIle

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Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014

Net Rent £ Occupancy %

Documents

Charles house - Cortex€¦ · Charles house bloCk a CA.A01 Amarjit Singh Talwar 875 £36,918 £32,289 £36.90 £4,629 01/12/2013 30/11/2015 Contracted out of 1954 Act. LMC Southall