JEWSON 33 ST PETERS ROAD, HUNTINGDON PE29 7DA TRADE COUNTER INVESTMENT OPPORTUNITY

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1 JEWSON 33 ST PETERS ROAD, HUNTINGDON PE29 7DA

2 JEWSON 33 ST PETERS ROAD, HUNTINGDON PE29 7DA INVESTMENT CONSIDERATIONS Well located Trade Counter in the market town of Huntingdon Prominently situated between Huntingdon Trade Centre and Travis Perkins Freehold The unit comprises 16,668 sq ft (1,548.5 sq m) Large site of 2.16 acres (0.87 hectares) reflecting a very low site coverage of 18% Let to the secure covenant of Saint Gobain Building Distribution Limited (D&B rating 5A1) trading as Jewson Recently re-geared on a lease expiring February 2028 providing 9.8 years term certain Current rent of 133,000 pa We are instructed to seek offers in excess of 2,270,000 (Two Million, Two Hundred and Seventy Thousand Pounds) subject to contract and exclusive of VAT. An acquisition at this level would reflect an attractive net initial yield of 5.5% after allowing for purchaser s costs of 6.34%.

3 HUNTINGDON CONEYGEAR RD JEWSON 33 ST PETERS ROAD, HUNTINGDON PE29 7DA HUNTINGDON RETAIL PARK ST. JOHNS BUSINESS PARK ERMINE BUSINESS PARK SPITTALS WAY ST. PETER S INDUSTRIAL ESTATE A1(M) 1 STUKELEY MEADOWS INDUSTRIAL ESTATE B1044 THE BRIDGE CENTRE ST PETERS ROAD ERMINE STREET ERMINE ST J23 STUKELEY MEADOWS STUCKLEY RD HINCHINGBROOKE BUSINESS PARK JEWSON AMBURY ROAD B1514 WALDEN RD 514 M5 M6 Toll BIRMINGHAM M42 M42 M6 M40 OXFORD A43 M40 MILTON KEYNES READING M1 A1 A16 PETERBOROUGH A1(M) A428 LUTON A1(M) M25 A47 HUNTINGDON M11 LONDON A11 A10 CAMBRIDGE A120 A12 LOCATION Huntingdon is a market town in East Anglia situated on the River Ouse. Huntingdon is well located 18 miles (29 km) north west of Cambridge, 19 miles (31 km) south of Peterborough, 69 miles (111 km) north of London and 38 miles (61 km) east of Northampton. Huntingdon is situated on the dual carriageway which is the key link road between Felixstowe in the east and Birmingham to the west. The also connects Huntingdon to the A1(M), 3 miles (4.8km) to the west, which is a key north south arterial link. The town benefits from a quick and regular rail service to London Kings Cross with a fastest journey time of 45 minutes. Luton and Stansted Airports are 41 miles (66 km) and 54 miles (87km) respectively to the south. SITUATION The property is situated approximately 1 mile (1.6 km) north of Huntington town centre on the western side of St Peters Road and directly opposite Huntingdon Leisure Centre. Access to St Peters Road is from Stukeley Road to the South which links to the 1 which connects to the Junction 23. The property lies adjacent to Huntingdon Trade Centre where occupiers include Topps Tiles, Screwfix and Bathstore. Other nearby occupiers include: Travis Perkins, Wickes, Tool Station, Kwik Fit and STS Tyres.

4 JEWSON 33 ST PETERS ROAD, HUNTINGDON PE29 7DA Jewson, 33 St. Peter's Road, Huntingdon PE29 7DA ETL DESCRIPTION The property provides a modern warehouse built in 2000, currently used as a builder s merchants with the benefit of substantial outside storage areas to the side and rear. A small mezzanine level has also been constructed by the tenant for extra storage. The accommodation benefits from minimum eaves height of 6m and six roller shutter doors with a height of 4.49 m. The Bridge Centre 6 5 El Sub Sta TENANCY SCHEDULE 19.7m Tenant Area (sq ft) Lease Start Lease Expiry (Break) Rent pa (Rate psf) Review Comment 8 The Bridge Centre 38a Saint Gobain Building Distribution Limited t/a Jewson 16,668 23/02/ /02/ ,000 ( 7.97)* 07/03/2020 The tenant has a rent free period from 25/03/2018 until and including 09/12/2018, which the vendor will top up Depot *Rent agreed at 2015 rent review: 6.70 psf on the warehouse, 0.50 psf on the excess yard a 19.9m SITE AREA The site extends to approximately acres (0.875 ha), with a low site cover of 18%. TENURE Freehold 37 El Sub Sta 0m 25m 50m 75m Crown Copyright, ES For identification purposes only. Ordnance Survey Crown Copyright All rights reserved. Licence number Plotted Scale - 1:1723

5 JEWSON 33 ST PETERS ROAD, HUNTINGDON PE29 7DA COVENANT Saint Gobain Building Distribution Limited ( ) Dun and Bradstreet Rated 5A1 Jewson first opened in 1836 and now operates from over 600 branches across the UK. Jewson supply timber and building materials 31 Dec Dec Dec 2014 Turnover 736,225, ,020, ,498,000 Pre-Tax Profit 26,775,000 30,090,000 6,640,000 VAT The property has been elected for VAT and it is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC). EPC The property has an EPC rating of B 49, a copy of which is available in the dataroom. Total Net Worth 158,423, ,615, ,656,000

6 DATAROOM For access to the Dataroom please use the following link: PROPOSAL We are instructed to seek offers in excess of 2,270,000 (Two Million, Two Hundred and Seventy Thousand Pounds) subject to contract and exclusive of VAT. An acquisition at this level would reflect an attractive net initial yield of 5.5% after allowing for purchaser s costs of 6.34%. For further information or to make arrangements for viewing please contact: Lottie Hayward lottie.hayward@allsop.co.uk Dale Johnstone dale.johnstone@allsop.co.uk 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