Sat Nav Ref: BN21 3NR 2-8 SUSSEX ROAD, HAYWARDS HEATH HIGH-YIELDING MULTI-LET INVESTMENT IN AFFLUENT LONDON COMMUTER TOWN

Sat Nav Ref: BN21 3NR 2-8 SUSSEX ROAD, HAYWARDS HEATH HIGH-YIELDING MULTI-LET INVESTMENT IN AFFLUENT LONDON COMMUTER TOWN

INVESTMENT CONSIDERATIONS Haywards Heath is a highly affluent town situated in Sussex The property comprises a prominent multi-let block on Sussex Road 28% of the current income is secured against the following covenants: Both Broadridge and Sussex Beds have been in occupation since the 1980 s WAULT of 6.21 years to expiry Freehold Total Current Income: 154,948 per annum Price: 1,823,000 Net Initial Yield: 8.00% 2 Fawcett Mead

A40 A4 A406 LONDON A13 A339 A33 A31 A3 A22 A21 A2 A249 A28 LOCATION Haywards Heath is a historic town located in Sussex and is considered as one of the most affluent London commuter towns (Source: The Daily Telegraph). The town is conveniently located 36 miles south of London, 15 miles north of Brighton and 9 miles east of Crawley. A3 A272 A272 A23 Haywards Heath A26 A26 A2070 The town benefits from excellent communications, being situated on the A272, providing east access to the A23. The A23 provides access northwards to the M23, Gatwick Airport and the M25, and southwards toward Brighton. Haywards Heath Station provides regular services to London Victoria, London Bridge, Gatwick Airport, Brighton and the South Coast. During peak times, there are regular services between Haywards Heath and London Victoria, with a fastest journey time of 43 minutes. There are also consistent services to London Bridge in approximately 47 minutes. Haywards Heath is located approximately 14 miles south of Gatwick International Airport. DEMOGRAPHICS Haywards Heath has a resident population of approximately 139,860. The catchment population displays considerable affluence, with an impressive 61% of households belonging to the five highest income Acorn segments, compared with 30% in the UK. Haywards Heath is considered a popular London commuter town, and as such the location displays an above average percentage of employees in senior positions, with 41% of the population being considered wealthy achievers compared with the national average of 15%. The general prosperity of the local economy is highlighted by the extremely low unemployment rate of 0.4%, which has reflected a year on year fall of 10 basis points, and compares favourably with the national average of 5.4% (ONS). 3 Fawcett Mead

The property comprises a highly prominent multi-let block on Sussex Road SITUATION The property occupies a prominent location at the junction of Sussex Road and South Road. Sussex Road is host to a number of popular local and national traders and benefits from high levels of consumer footfall. The majority of multiple retailers are located within The Orchard Shopping Centre, which is anchored by M&S. The retailing is further complemented by the provision along South Road, with retailers including: DESCRIPTION The property comprises a prominent unit on a site of 0.34 acres (1,369 sq m), built from traditional construction. The ground floor comprises the commercial element (Units 1-5 Sussex Road), whilst the upper floors are demised entirely to Stockwell Court Association as residential accommodation, comprising 28 flats. There is a flat roof over part first floor level, currently used as a car park, accessed via a ramp on Gower Road. 4 Fawcett Mead

TENANCY & ACCOMMODATION Unit Tenant Total NIA Rent (pa) Lease Start Lease Expiry Rent Review Break Date 1-2 Sussex Bed Centres 5,703 50,000 29/09/2015 28/09/2025 29/09/2020 3 Kidz Kafez 2,208 25,000 28/04/2017 27/04/2027 28/04/2022 28/04/2022 4 A.H.Broadbridge & Son Ltd 1,573 24,000 24/06/2013 23/06/2018 5 South East Business Systems Ltd 1,847 13,500 25/12/2012 24/12/2021 25/12/2017 Uppers Stockwell Court Residential Association n/a 2,000 31/10/1973 30/10/2072 Phone Mast Telefonica UK Ltd n/a 11,000 11/08/2011 10/08/2021 Phone Mast EE Ltd n/a 15,158 09/07/2011 09/04/2021 Phone Mast Arqiva Ltd n/a 14,290 10/04/2007 09/04/2021 154,948 The areas have been provided by a third party. 5 Fawcett Mead

COVENANT INFORMATION EE Limited The company displays a CreditSafe rating of A-75, indicating Very Low Risk. EE Limited published the following results in their most recent annual accounts: 31/03/2017 31/12/2015 31/12/2014 Turnover 7,991,000,000 6,307,000,000 6,327,000,000 Pre-tax Profit 651,000,000 631,000,000-255,000,000 Telefonica UK Limited The company displays a CreditSafe rating of A-83, indicating Very Low Risk. Telefonica UK Limited published the following results in their most recent annual accounts: 31/12/2016 31/12/2015 31/12/2014 Turnover 5,241,000,000 5,393,000,000 5,485,000,000 Pre-tax Profit 545,000,000 1,405,000,000 496,000,000 Arqiva Limited The company displays a CreditSafe rating of A-87, indicating Very Low Risk. Arqiva Limited published the following results in their most recent annual accounts: 30/06/2016 30/06/2015 30/06/2014 Turnover 589,100,000 584,900,000 559,600,000 Pre-tax Profit 218,400,000 244,200,000 204,000,000 The company commenced trading in Haywards Heath in 1984 and has since become a staple of the town. Broadbridges are an established family business selling men and boys clothing, specialising in school uniform and formal clothing hire. Sussex Beds has become an established regional business since its inception in 1981. The company now trades succesfully from eight stores across Hampshire and Sussex. 6 Fawcett Mead

The property displays a Weighted Average Unexpired Lease Term (WAULT) of 6.21 years to expiry. TENURE Freehold ASSET MANAGEMENT INITIATIVES The expiry profile of the residential uppers (54 years unexpired) provides the potential to unlock and add value from the reversion of the long-leasehold interest. For indicative purposes only. Title plan available upon request. The upper floors comprise seven floors (28 flats) of well-located residential accommodation, as well as residents parking over part first floor. 7 Fawcett Mead

PROPOSAL Offers sought in excess of 1,823,000 (One Million Eight Hundred and Twenty Three Thousand Pounds) subject to contract and exclusive of VAT. Assuming standard purchasers costs of 6.22%, a purchase at this level would reflect a net initial yield of 8.00%. VAT We understand the property has been elected for VAT. It is anticipated that the sale will be structured as a Transfer of a Going Concern (TOGC). FURTHER INFORMATION Joe Baio 020 7182 7489 07515 889 649 joe@fawcettmead.co.uk Ed Kievenaar 020 7182 7494 07747 536 644 ed@fawcettmead.co.uk EPC An Energy Performance Certificate is available upon request. 15-17 Great Portland Street London W1W 8QA www.fawcettmead.co.uk Misrepresentation Act: The particulars in this brochure are believed to be correct, but accuracy cannot be guaranteed and they are expressly excluded from any contract. Designed by Graphic Outlines Ltd 2017 SUBJECT TO CONTRACT