bruton stratton portfolio...investment opportunity the bruton and stratton portfolios comprise 14...
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BRUTONPORTFOLIO
GREATER LONDON
STRATTONPORTFOLIO
SOUTH EAST
OUTSTANDING OPPORTUNITY TO ACQUIRE 11 GREATER LONDON OFFICE ASSETS3 SOUTH EAST OFFICE ASSETSPROVIDING CPI LINKED GOVERNMENT INCOME TOGETHER WITH LONG TERM REDEVELOPMENT POTENTIAL
BRUTONPORTFOLIO
GREATER LONDON
STRATTONPORTFOLIO
SOUTH EAST
INVESTMENT OPPORTUNITY
THE BRUTON AND STRATTON PORTFOLIOS COMPRISE 14 WELL LOCATED FREEHOLD OFFICE ASSETS ACROSS LONDON AND THE SOUTH EAST
TWO EXTREMELY RARE FREEHOLD PORTFOLIOS
LET ON CO-TERMINUS FR&I LEASE TERMS FOR A PERIOD OF 10 YEARS FROM 1ST APRIL 2018 OFFERING APPROXIMATELY 8.8 YEARS TERM CERTAIN
LET TO THE SECRETARY OF STATE FOR HOUSING COMMUNITIES AND LOCAL GOVERNMENT, OPERATED BY THE DEPARTMENT FOR WORK & PENSIONS (DWP), OFFERING AN UNDOUBTED COVENANT
RENT REVIEWS AT YEAR 5 BENEFITING FROM CPI LINKED UPLIFTS, CALCULATED PER ANNUM WITH A CAP AND COLLAR OF 1% AND 5%
SIGNIFICANT DISCOUNT TO 10 YEAR GOVERNMENT BOND/GILT RATE
OVERALL NIA FLOOR AREA OF APPROXIMATELY 294,224 SQ FT AND A TOTAL SITE AREA OF 7.7 ACRES
TOTAL PASSING RENT OF £5,463,481 PER ANNUM WHICH EQUATES TO A VERY LOW REBASED AVERAGE RENT OF JUST £18.57 PER SQ FT
ALL ASSETS SELECTED AS CORE LOCATIONS IN DWP’S RECENT ESTATE RATIONALISATION REINFORCING THE TENANT’S LONG TERM OCCUPATIONAL COMMITMENT
VARIOUS HIGHER VALUE REDEVELOPMENT OPPORTUNITIES ACROSS THE PORTFOLIO, INCLUDING RESIDENTIAL AND/ OR MIXED USES (SUBJECT TO PLANNING)
BRUTONPORTFOLIO
GREATER LONDON
STRATTONPORTFOLIO
SOUTH EAST
ASSETS NIA LEASE RENT RENT LEASE LEASE RENT REVIEW NO. CAR SITE AREA (Adobe Acrobat Users - rollover for more information) (SQ FT)* TERM P.A. SQ FT START END DATE SPACES ACRES*
BRUTON PORTFOLIO
1 Broadway House Ealing W13 8RA 17,303 10 (no break) £443,362 £25.62 01/04/2018 31/03/2028 01/04/2023 30 0.31
2 10 Finchley Lane Hendon NW4 1DP 15,987 10 (no break) £254,200 £15.90 01/04/2018 31/03/2028 01/04/2023 10 0.23
3 Raydean House Barnet EN5 1AH 28,716 10 (no break) £339,257 £11.81 01/04/2018 31/03/2028 01/04/2023 65 0.96
4 52-53 Medina Road Finsbury Park N7 7JX 15,710 10 (no break) £276,963 £17.63 01/04/2018 31/03/2028 01/04/2023 10 0.51
5 1 Barnsbury Road King’s Cross N1 0EX 16,045 10 (no break) £595,562 £37.12 01/04/2018 31/03/2028 01/04/2023 0 0.33
6 Crown House Romford RM1 3HH 35,119 10 (no break) £529,376 £15.07 01/04/2018 31/03/2028 01/04/2023 40 0.97
7 Collyer Court Peckham SE15 5DL 16,786 10 (no break) £361,209 £21.52 01/04/2018 31/03/2028 01/04/2023 23 0.66
8 24-26 High Street Peckham SE15 5DS 17,470 10 (no break) £416,388 £23.83 01/04/2018 31/03/2028 01/04/2023 0 0.30
9 Oates House Stratford E15 4PN 14,424 10 (no break) £351,825 £24.39 01/04/2018 31/03/2028 01/04/2018** 10 0.18
10 Kilner House Canning Town E16 3PD 13,276 10 (no break) £270,570 £20.38 01/04/2018 31/03/2028 01/04/2023 0 0.25
11 Phoenix House Barking IG11 8QB 32,244 10 (no break) £657,790 £20.40 01/04/2018 31/03/2028 01/04/2023 30 1.07
TOTAL 223,080 £4,496,502 £20.16 5.77
STRATTON PORTFOLIO
1 Beauver House St Albans AL1 3JU 35,224 10 (no break) £515,113 £14.62 01/04/2018 31/03/2028 01/04/2023 72 0.63
2 Crown Buildings Tonbridge TN9 1D X 11,480 10 (no break) £146,679 £12.78 01/04/2018 31/03/2028 01/04/2023 13 0.28
3 Medwyn House Lewes BN7 2XR 24,440 10 (no break) £305,187 £12.49 01/04/2018 31/03/2028 01/04/2023 65 1.02
TOTAL 71,144 £966,979 £13.59 1.93
PORTFOLIO OVERVIEW
BRUTONPORTFOLIO
GREATER LONDON
STRATTONPORTFOLIO
SOUTH EAST
*Based on Plowman Craven Measured Surveys - NIA to CoMP. Also used to calculate Rent/sq ft. **Outstanding open market rent review dated 1 April 2018.Tenant on all leases is The Secretary of State for Housing Communities and Local Government
FOR FURTHER INFORMATION PLEASE CONTACT THE TEAM TO ARRANGE A FORMAL PRESENTATION
BRUTONPORTFOLIO
GREATER LONDON
STRATTONPORTFOLIO
SOUTH EAST
TEAM DAVID EMBUREY
020 3328 9104
07720 941 750
SIMON GLENN
020 3328 9094
07554 515 700
JAMES COOK
020 3328 9102
07538 967 514
HANNAH DAVIES
020 3328 9108
07501 323 734
CONTACT