KENT HOUSE + TEMPLAR HOUSE · Templar House, boasting a multi choice of excellent top brand shopping opportunities, traditional and continental restaurants, bars, and local markets

AERIAL VIEW LOCATION THE BUILDINGS ACCOMMODATION MANAGEMENT OPPORTUNITES TENURE, TENANCY & VAT CONTACTINVESTMENT SUMMARY

K E N T H O U S E + T E M P L A R H O U S E A S H FO R D, K E N T, T N 2 3 1 PJ

EXCELLENT ASSET MANAGEMENT OPPORTUNITY

K E N T H O U S E + T E M P L A R H O U S EASHFORD, KENT, TN23 1PJ

K E N T H O U S E + T E M P L A R H O U S E A S H FO R D, K E N T, T N 2 3 1 PJK E N T H O U S E + T E M P L A R H O U S E A S H FO R D, K E N T, T N 2 3 1 PJ

INVESTMENT SUMMARY

Freehold

Located in short proximity to Ashford International Station which offers direct links to major european cities and across the UK. Central London is only 37mins away

Kent House – 51,576 Sq ft of offices with 71% let to strong covenants, including NHS and Eurostar

Templar House – 9,084 Sq ft vacant with numerous asset management and development opportunities

Prominent corner site of 0.5 hectares (1.25 acres)

122 on site, secure car parking spaces

Range of asset management, refurbishment and development opportunities on both buildings subject to planning permission

Offers in excess of £5,300,000 (five million, three hundred thousand) for the benefit of our clients freehold interest at Kent House. Offers in excess of £950,000 (nine hundred and fifty thousand) for the benefit of our clients freehold interest at Templar House which is currently vacant

Low capital value: only £103 per sq ft on the existing areas

AWULT of 3.70 years

INVESTMENT SUMMARY

KENT HOUSE, 81 STATION ROAD, ASHFORD, KENT TN23 TEMPLAR HOUSE, TANNERY LANE, ASHFORD, TN23


KENT HOUSE

TEMPLAR HOUSE

ASHFORD INTERNATIONAL STATION

PARK MALL SHOPPING CENTRE

COUNTY SQUARE SHOPPING CENTRE

ELWICK ROAD

STATION ROAD

VICARAGE LANE

TANNERY LANE

SOMERSET ROAD

AERIAL VIEW


LOCATION

Ashford town centre is a short walk from both Kent House and Templar House, boasting a multi choice of excellent top brand shopping opportunities, traditional and continental restaurants, bars, and local markets.

Ashford is currently undergoing rapid expansion and is a designated growth area of the South East with 31,000 new houses targeted for development.

County Square shopping mall offers two floors of excellent shopping, with top brand retail stores, communication and leisure outlets.

The town centre is also home to top banking, legal and professional companies.

LOCATION


A2070

A28 A2

A256

A229

J10

J4

A21

A26

A229

A228

A2

A13M25

M25

M26

M20

M2

J5

J9

DOVER

ROCHESTERAIRPORT

ASHFORD

CANTERBURY

MARGATE

ISLE OF SHEPPEY

SOUTHEND-ON-SEALONDON

TONBRIDGE

MAIDSTONE

ROCHESTER

ASHFORD

CANTERBURY

MARGATE

ISLE OF SHEPPEY

SOUTHEND-ON-SEALONDON

TONBRIDGE

MAIDSTONE

ROCHESTERROCHESTER

AIRPORT

DOVER

RIVER THAMES

ENGLISH CHANNEL

HYTHE ROAD

STAT

ION

RO

AD

ELWICK ROAD

MACE LANE

VICTORIA ROAD

M20 & J10

To LondonM25, & J9

To Ashford Designer Outlet

COUNTY SQUARESHOPPING MALL

M20

ASHFORDINTERNATIONALASHFORDINTERNATIONAL

COUNTY SQUARESHOPPING MALL

A2042

A2042

To LondonM25, & J9

To Ashford Designer Outlet

M20 & J10

COMMUNICATIONS

Kent House and Templar House occupy a prominent position on Station Road and are located within a short walking distance of Ashford International rail passenger station, providing Hi-speed connections to London, plus Eurostar services linking London, Ashford Paris, Brussels and Lille.

Junctions 9 and 10 of the M20 motorway are also within close proximity, offering easy road access to the M25, Eurotunnel services from Folkestone and cross Channel ferry services from the port of Dover.

KENT HOUSE + TEMPLAR HOUSE

MANCHESTER 4 hrs 20 mins 3 hrs 21 mins

FOLKESTONE 25 mins 21 mins

DOVER 28 mins 32 mins

BIRMINGHAM 2 hrs 50 mins 2 hrs 30 mins

CANTERBURY 30 mins 20 mins

LEEDS 3 hrs 50 mins 3 hrs 11 mins

PARIS 1 hr 58 mins

LONDON 1 hr 25 mins

37 mins

Source: Google By Car By Rail

LOCATION


KEY DEMOGRAPHICS

ASHFORD HAS SEEN THE LARGEST POPULATION SURGE

IN THE COUNTY

Ashford has been targeted as a key area for population development since

the 1960s.

The 2011 census revealed that the borough of Ashford saw the largest population growth in

Kent, with records showing a 14.6% rise to 118,000 inhabitants.

Longer term, Ashford has the opportunity to become the economic powerhouse

of Kent, playing a distinctive role in the South East and Kent economy and capitalising upon its

access to London and mainland Europe.

IN 2012, ASHFORD BOROUGH COUNCIL PREDICTED THERE

WOULD BE A NET GAIN OF 620 JOBS PER YEAR.

The increase in the town’s commercial importance, as well as its strategic location,

is witnessed by the number of industry, business and retail parks in the town.

FANTASTIC TRANSPORT LINKS TO BOTH LONDON AND

INTERNATIONAL DESTINATIONS

Ashford has been a communications hub and has stood at the centre of five railway lines since

the 19th century.

Crossrail will soon provide a high-frequency commuter/suburban passenger service that will link Ashford with central London and beyond.

LOCATION


DESCRIPTION

Kent House is one of Ashford’s premier office buildings and has been recently refurbished to a high quality finish. It provides a wide range of office accommodation and benefits from on-site car parking and a fully staffed reception/management facility.

Templar House is currently vacant and there are numerous asset management opportunities to explore.

TYPICAL SPECIFICATION

Perimeter trunking

Category II lighting and LG7 lighting in part

Suspended ceilings

Air cooling in some suites

Off street car parking

Fully staffed reception area

Conference facilities

KENT HOUSE

TEMPLAR HOUSE

THE BUILDINGS


THE BUILDINGS


KENT HOUSE

FLOOR SQ FT SQ M

Fourth 7,133 662.7

Third 8,636 802.3

Second 8,996 835.8

First 9,054 841.1

Ground 12,916 1,199.9

Lower Ground

4,841 449.7

TOTAL 51,576 4,791.5

LOWER GROUND FLOOR 4,841 SQ FT • 449.7 SQ M

SECOND FLOOR 8,996 SQ FT • 835.8 SQ M

GROUND FLOOR 12,916 SQ FT • 1,199.9 SQ M

THIRD FLOOR 8,636 SQ FT • 802.3 SQ M

FIRST FLOOR 9,054 SQ FT • 841.1 SQ M

FOURTH FLOOR 7,133 SQ FT • 662.7 SQ M

For indicative purposes only (not to scale).

N

TAN

NE

RY L

AN

ETA

NN

ERY

LA

NE

TAN

NE

RY L

AN

ETA

NN

ERY

LA

NE

TAN

NE

RY L

AN

ETA

NN

ERY

LA

NE

STATION ROAD

STATION ROAD

STATION ROAD

STATION ROAD

STATION ROAD

STATION ROAD

ACCOMMODATION& TENANCY


TEMPLAR HOUSE

FLOOR SQ FT SQ M

Second 3,943 366.3

First 3,973 369.1

Ground 1,168 108.5

TOTAL 9,084 843.9

For indicative purposes only (not to scale).

N

GROUND FLOOR 1,168 SQ FT • 108.5 SQ M

FIRST FLOOR 3,973 SQ FT • 369.1 SQ M

SECOND FLOOR 3,943 SQ FT • 366.3 SQ M

TANNERY LANE TANNERY LANE TANNERY LANE



TENANCY SCHEDULE

KENT HOUSE, 81 STATION ROAD, ASHFORD, KENT TN23 1AF

ADDRESS TENANT LEASE START

LEASE EXPIRY

TERM RENT PA

BREAK OPTION

NEXT RR

REMAINING R R DATES

SQ FT COMMENTS/MATTERS IN HAND

- - - - - - - - - - -

Suite 1 Vacant - - - £0.00 - - - 2,015 in solicitors hands letting to NHS

Suite 2 Vacant - - - £0.00 - - - 1,447 in solicitors hands letting to NHS

Suite 3Royal British Legion Industries Limited

07-Sep-12 06-Sep-16 4 yrs £24,000.00 - - - 1,379 Mutual rolling break upon 3 mths notice.

Suite 6 Atos IT Services UK Limited 19-Dec-14 18-Dec-20 6 yrs £29,120.00 19-Dec-17 - - 2,040Further Tenant breaks 2018 & 2019 and LL's break 2019. SC cap in place. Tenant has use of 4 car parking spaces.

Suite 7/8 Vacant - - - £0.00 - - - 4,442 in solicitors hands letting to NHS

Suite 9/10/11 Vacant - - - £0.00 - - - 4,139 in solicitors hands letting to NHS

Suite 101a & 101B BM Wines Limited 01-Jun-12 30-May-17 5 yrs £7,000.00 01-Jun-14 - - 464Annual tenant break options from 2013 to 2016 upon 6 mths prior notice.

Suite 101C Vacant - - - £0.00 - - - 718 -

Suite 104Archant Community Media Limited

31-Mar-14 30-Mar-17 3 yrs £32,004.00 Rolling - - 1,274T's rolling break option after initial 6 month period.

Suite 105 Vacant - - - £0.00 - - - 858 -

Suite 106a Vacant - - - £0.00 - - - 436 -

Suite 106b Vacant - - - £0.00 - - - 418 -

Suite 107a Vacant - - - £0.00 - - - 498 -

Suite 107b Directline Structures Ltd 01-Jun-15 31-May-18 3yrs £9,825.00 - - - 392 -

Second floor Eurostar (UK) Limited 30-Jun-05 30-Oct-17 12.3 yrs £140,166.68 - - - 8,996 -

Third Floors and Vault Eurostar (UK) Limited 30-Jun-05 30-Oct-17 12.3 yrs £134,548.88 - - - 8,636 -

Fourth Floor NHS Property Services Limited 30-Mar-09 29-Mar-24 15 yrs £102,000.00 30-Mar-14 - 30-Mar-19 7,133 -

Corridors* - - - - - - - - 3,873 -

£478,664.56 51,576

NHS £164,780.00

Income upon completion of NHS letting £643,440.00

*Please note that in conjuction to the measured survey (found in the data room) this NIA has been foregone as both the ground and 1st floor offices have been multi let and this surplus space is currently not rentalised (corridors)



EXPERIAN REPORT

Kent House is currently multi-let to seven excellent, Tenants all whom score very highly on Experian. Two of the tenants namely Eurostar and the NHS (Ashford Primary Care Trust) are guaranteed by French and UK government respectively.

TENANT COMPANY REGISTRATION NO. EXPERIAN SCORE EXPERIAN RISK PROFILE

Royal British Legion Industries Ltd. 00158479 100 Very Low Risk

Atos It Services UK Limited 01245534 100 Very Low Risk

Bm Wines Limited 03145730 78 Below Average Risk

Archant Community Media Limited 00019300 100 Very Low Risk

Directline Structures Limited 02344297 82 Low Risk

Eurostar (U.K.) Limited N/A N/A Very Low Risk

Ashford Primary Care Trust N/A N/A Very Low Risk



ACTIVE ASSET MANAGEMENT OPPORTUNITIES

Various asset management opportunities exist at both buildings. Such as increasing the rents, re-gearing the leases and combining the units in Kent House to create larger units.

There are also possible opportunities for future development of both sites STPP.

However in the more short term as Templar House is currently vacant there is an array of opportunities for a prospective purchaser to enhance the value. These include, but are not limited to the following:

Let the building as is at a market rent

Convert into an alternative use such as a Hotel, C3 Residential or Private Student Housing.

ASSET MANAGEMENT OPPORTUNITIES


Playing Field

Brundrett House

WhistHouse

SortingOffice

Clinc

Posts

Posts

Posts

KENT HOUSE

Bowling Alley

Vicarage Field

Graveyard

TEMPLAR HOUSE

TANNERY LANE

STAT

ION

RO

AD

3634

8135 to 41

VICARAGE LN

TENURE

Freehold

VAT

These premises are elected for VAT and therefore VAT will be payable on the purchase price.

EPC

Kent House - D89Templar House - D76(Please refer to the data room for more detail)

TENURE, EPC & VAT


Important Notice: Metrus Limited for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) these particulars do not form any part of any offer or contract (ii) the statements contained herein are issued without responsibility on part of this firm, its employees or its clients and are statements of opinion and therefore are not to be taken as or implying a statement or representation of fact (iii) any intending purchaser or lessee must satisfy themselves as to the correctness of each of the statements made herein (iv) the vendors or lessors of this property do not make or give, and neither the firm nor any of its employees have any authority to make or give, any representation or warranty whatever in relation to this property (v) all rents and prices quoted are exclusive of VAT unless stated otherwise. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in any transactions. Terms quoted are subject to contract.

DESIGNED & PRODUCED BY CRE8TE DESIGN • 020 3468 5760 • WWW.CRE8TE.LONDON

JOSHUA MILAN

020 7079 3974 [email protected]

COLIN BECKER


ROBIN LESTER


PROPOSAL

Offers in excess of £5,300,000 (five million, three hundred thousand) for thebenefit of our clients freehold interest at Kent House. This equates to a net initialyield of 8.54%. Once the NHS letting completes the reversionary yield will be11.47% assuming usual purchasers costs of 5.8%. Offers in excess of £950,000 (nine hundred and fifty thousand) for the benefit of our clients freehold interest at Templar House which is currently vacant and which must be sold together with Kent House benefits from a low capital value of just £104 per sq ft.

FURTHER INFORMATION

If you require any further information or wish to arrange an inspection please contact:

DATA ROOM & VIDEO

Further documentation and a drone video of the site can be viewed on the following website:

KENT HOUSE

TEMPLAR HOUSE

FURTHER INFORMATION

AerialLocationLocation 2Location 3The BuildingThe Building 2AccommodationAccommodation 2Accommodation 3Accommdation 4Asset ManagementTenueInvestment SummaryContact

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Documents

KENT HOUSE + TEMPLAR HOUSE · Templar House, boasting a multi choice of excellent top brand shopping opportunities, traditional and continental restaurants, bars, and local markets