350 CHISWICK HIGH ROAD

HOLLAND & BARRETT & ADECCO

PRIME, WELL SECURED, GREATER LONDON, MIXED USE INVESTMENT

CHISWICK W4

HIGH STREET AND OFFICE INVESTMENT LOCATED IN THE PRIME SECTION OF CHISWICK HIGH ROAD

Holland & Barrett recently extended

their term and rebased their rent

Strong Weighted Average Unexpired

Lease Term (WAULT) of

7.1 years

Well secured to Holland & Barrett Retail Limited &

Adecco UK Limited

Current Rental of £140,000 pax

Affluent and Prosperous London

Borough

Freehold

We are instructed to seek offers in excess of £2,200,000 (Two Million, Two Hundred Thousand Pounds), Subject to Contract and Exclusive of VAT, reflecting a net initial yield of 6%, allowing for graduated purchaser’s costs.

I NVESTM ENT SU M MARY

350 CHISWICK HIGH ROAD W4

C H I S W I C K

HEATHROW & M4

H A M M E R S M I T H

P U T N E Y

F U L H A M

C H E L S E A

K E N S I N G T O NK N I G H T S B R I D G E

B A R N E S

K E W

R I C H M O N D

A306

A306

C aste

lnau

A306

R

iver Thames

River Thames

R iver Tham

es

Riv

er T

ham

es

C lifford Ave

nue

A316

Burlin

gton Lane

A316

Lower Richmond R oad

A205

South C ircular Road South Circular Road

Upper Richmond Road

A206

A305

A305

A406

Hogarth Lane A4

Great West Road Talgarth Road

A4A4 G reat W

est Road

Kew R

oad

A307

Kew

Roa

d

A307

A205 K

ew R oad

A205

South Circular Road

A315

King Street A315

Turnham GreenTurnham Green

Shepherd’s Bush MarketShepherd’s Bush Market

Shepherd’s Bush Shepherd’s Bush

Goldhawk RoadGoldhawk Road

Holland ParkHolland Park

GunnersburyGunnersbury

Chiswick ParkChiswick Park Stamford BrookStamford Brook Ravenscourt ParkRavenscourt Park

Barons CourtBarons Court West KensingtonWest Kensington

HammersmithHammersmith

FulhamBroadway

FulhamBroadway

Putney BridgePutney Bridge

Parsons GreenParsons Green

East PutneyEast Putney

Imperial WharfImperial Wharf

Clapham JunctionClapham Junction

Earl'sCourtEarl'sCourt

GloucesterRoad

GloucesterRoad

High StreetKensingtonHigh StreetKensington

SouthKensington

SouthKensington

Kensington(Olympia)

Kensington(Olympia)

PutneyPutney

NorthSheenNorthSheen

MortlakeMortlake

Kew GardensKew Gardens

BarnesBarnes

Barnes BridgeBarnes Bridge

Wandsworth TownWandsworth Town

RichmondRichmond

ChiswickChiswick

West BromptonWest Brompton

egdirB weK egdirB weK

Chiswick House & Gardens

Chiswick House & Gardens

Hyde ParkHyde Park

Battersea Park

Battersea Park

London Wetland Centre

London Wetland Centre

O2 Shepherd’s Bush Empire

O2 Shepherd’s Bush Empire

West�eldWest�eld

Fulham Football Club

Fulham Football Club

Chiswick High RoadChiswick High Road

Dukes Meadow Golf Course

Dukes Meadow Golf Course

Richmond ParkRichmond Park

A205

A3303

Lillie Road

Old Brompton Road A3218

Battersea Bridge Road

Latchmere Road Elspeth Road

B

attersea Rise

Fulham Palace Road

Fulham Palace Road

Fulh

am R

oad

Fulham R oad

F

ulham Road

A30

8

A3220

A3220

Finborough Road A3220

Embankment

A3220

A3220

Fulham PalaceFulham Palace

Kensington Palace

Kensington Palace

Kew GardensKew Gardens

Chelsea Football Club

Chelsea Football Club

Earl’s Court Exhibition Centre

Earl’s Court Exhibition Centre

Royal Albert Hall

Royal Albert Hall

HarrodsHarrods

A306

Prio

ry L

ane

Kingston Road

Putn

ey H

igh

Stre

et

N

LOCATIONChiswick is an attractive affluent West London suburb located approximately 6 miles (10 km) west of Central London. It is a prosperous area and considered to be an aspirational commuter location due to its strong local amenities, high quality private and public schools and parkland.

The Great West Road is a major arterial route which runs parallel to Chiswick High Road and is a main vehicular route to Central London. Junction 1 of the M4, which links directly with the Great West Road, is situated approximately 5 minutes’ drive time from the subject locality and serves Heathrow and conurbations to the West.

Chiswick mainline railway station provides regular services to and from London Waterloo. There are also several London Underground/Overground stations in the near vicinity: Gunnersbury (Overground/District), Chiswick Park (District), Turnham Green (District/Piccadilly) and Stamford Brook (District). Numerous bus routes pass along the High Road.

Heathrow Airport, the UK’s busiest, is situated 9 miles (14km) to the west while Gatwick Airport is situated 35 miles (56km) to the south.

350 CHISWICK HIGH ROAD W4

DEMOGRAPH ICS & RETAI LI NG I N CH ISWICKChiswick’s population contains a significantly above average proportion of adults of working age within the most affluent AB social group. In contrast, the least affluent social group D and E are particularly unrepresented. Chiswick is projected to see significantly above average growth in population over the period 2017-20.

Chiswick has an estimated retail floor space of 550,000 sq ft. Chiswick ranks 32nd on the PMA Fashion Score and 8 on the PMA Anchor Store indicators, above the Smaller London Centre average. The retail and leisure offer in Chiswick is large and diverse with small, independent traders sitting alongside national multiples.

The primary retail and leisure offer is focused along the High Road where larger occupiers include Sainsburys, Boots, Robert Dyas and Waitrose. High Road contains a mix of retail, restaurants, food outlets and expanding office and hotel space. The wide streets encourage cafes, pubs and restaurants to provide pavement seating. The numerous cafes, restaurants and bars include Byron, Zizzi, Pizza Express and Bills.

50 metres

For more information on our products and services:www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601 6011

Chiswick

Experian Goad Plan Created: 25/06/2019Created By: Green and Partners

Copyright and confidentiality Experian, 2019. © Crown copyright anddatabase rights 2019. OS 100019885

N350 CHISWICK HIGH ROAD W4 350 CHISWICK HIGH ROAD W4

Goad Plan for indicative purposes only. Title Plan is available on request.

SITUATIONThe property occupies a prime position on the north side of Chiswick High Road, within close proximity to Waitrose. The unit also adjoins Vodafone and Paperchase with other nearby occupiers including GAP, Tesco Express, Waterstones, Boots, M&S Foodhall, Starbucks, Greggs, WH Smith and Flying Tiger.

EPCEPC’s are available on request.

COVENANTTenant

Fiscal Year ending

D&B Rating

Sales Turnover

Profit Before Taxes

Net Current Assets

Tangible Net Worth

Holland & Barrett Retail Limited 31/09/2017 5A2 £461,408,000 £295,945,000 £187,883,000 £244,129,000

Adecco UK Limited 31/09/2017 5A1 £686,736,000 -£8,958,000 £37,997,000 £38,572,000

TEN U REFreehold.

350 CHISWICK HIGH ROAD W4

Description Sq ft Sq m Lease StartLease Expiry Next RR

Passing Rent PAX Comments

Ground Floor 350 Chiswick High Road

Holland & Barrett Retail Limited (02758955)

Ground Floor Sales

ITZA

Ground Floor Store

1,179

734

410

109.5

68.2

38.1

17/07/2012 16/07/2027 17/07/2022 £98,000

Tenant recently signed a reversionary lease extending the term and reducing the rent from £110,000 pa. The tenant benefits from an option to terminate the lease on 17/07/2025, subject to prior notice.

Part Ground and First Floor 350 Chiswick High Road

Adecco UK Limited (00593232)

First Floor Office 1,360 126.3 25/11/2015 24/11/2025 25/11/2020 £42,000

Total Area 2,949 273.9 £140,000

TENANCY

VATThe property has been elected for VAT therefore it is anticipated the transaction will be treated as a TOGC.

CU RRENT I NCOM E PAXCurrent annual income of £140,000 per annum.

350 CHISWICK HIGH ROAD W4

2 Gee’s Court, St Christophers Place, London W1U 1JA T: +44 (0)20 7659 4848

MISREPRESENTATION: Green & Partners LLP, these particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details. Neither the agents nor the vendors or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.

Design: Barbican Studio: www.barbicanstudio.com I +44 (0)20 7634 9573 I November 2019

I NVESTM ENT COM PARABLESDate Address Tenant(s) Lease Expiry Price Purchaser NIY

Current326-334 Chiswick High Road

Boots, Robert Dyas & 9 flats

2 years£15m

(Q)On Market

5.14% (Q)

August 2019 244 High RoadMint Velvet & Dental Practice

5 yrs £2.55mPrivate Investor

4.95%

June 2019 252 High Road Pizza Express 11 yrs £2.05mPrivate Investor

4.75%

ANTI MON EY LAU N DERI NGIn order to comply with anti-money laundering legislation, the preferred purchaser will be required to provide certain identification documents.

The required documents will be confirmed to and requested from the successful purchaser at the relevant time.

CONTACTDavid Freeman Ed Smith

david.freeman@greenpartners.co.uk ed.smith@greenpartners.co.uk020 7659 4830 020 7659 4831

Patrick Over Freddie King

patrick.over@greenpartners.co.uk freddie.king@greenpartners.co.uk020 7659 4832 020 7659 4838

PROPOSALWe are instructed to seek offers in excess of £2,200,000 (Two Million, Two Hundred Thousand Pounds), Subject to Contract and Exclusive of VAT, reflecting a net initial yield of 6%, allowing for graduated purchaser’s costs.