Prime Retail Investment

Let to Bhs Properties Ltd until 2066

Investment Considerations

• 100% prime trading position on the pedestrianised High Road, close to

Marks & Spencer and to the principal entrance to the Exchange Shopping Centre.

• Let to Bhs Properties Ltd until 28 April 2066.

• Total current income: £350,000 per annum

• Offers in excess of: £4,725,000

(subject to contract)

• Net Initial Yield: 7.00%

• Net Equivalent Yield: 7.37%

• Net Reversionary Yield (2036): 9.45%

Location

Ilford is the administrative and commercial centre of the London Borough of

Redbridge. The town is situated approximately 10 miles north-east of Central London.

Ilford benefits from strong transport links. By train, there is a fastest journey time to London (Liverpool Street) of 15 minutes and the rail network also connects with London Underground at nearby Stratford (Central, Jubilee and Docklands Light Railway). London City Airport is located approximately 5 miles to the south.

Major roads in close proximity include the M25 and M11 motorways, the A12 and the A406 North Circular.

Retailing in Ilford

Ilford has a primary catchment population of 437,000 (PROMIS rank 46th) and estimated town centre retail floor space of approximately 1,260,000 sq ft (PROMIS rank 55th).

Prime retailing in the town is focused within the pedestrianised section of High Road, where major retailers include Marks & Spencer, Next, Boots the Chemist and Mothercare.

The best stretch of the street is between the Government offices to the east and the end of the pedestrianised section to the west.

Further prime retailing is provided by the mid level of The Mall Shopping Centre, which is anchored by Debenhams, TK Maxx, and Marks & Spencer. The Mall provides an attractive retailing environment totalling approximately 300,000 sq ft, arranged over three trading levels.

In addition, there are proposals by the London Borough of Redbridge for the development of Unity Square on Clements Road to the rear of Ilford Town Hall (128/142 High Road). The scheme, which will be a flagship regeneration project for north-east London, will comprise a major mixed use development incorporating a new theatre, public square, over 450 residential units and a number of new retail and leisure facilities. We consider that the scheme will promote the local economy and will enhance footfall within the town centre, to the benefit of the subject property.

We are not retained and would require a fee to be agreed further information is available

on receipt of a L.O.I or P.O.F