1110 GREAT WEST ROAD LONDON TW8 0GP QWEST · q qwest building 1110 great west road, brentford, london, tw8 0gp investment considerations q 3 5 4 8 6 2 7 mixed use investment located

BRENTFORD1110 GREAT WEST ROAD LONDON TW8 0GP

QWEST BUILDING

QW

EST

WEST LONDON MIXED USE INVESTMENT OPPORTUNITY

Q QWEST BUILDING 1110 GREAT WEST ROAD, BRENTFORD, LONDON, TW8 0GP

INVESTMENT CONSIDERATIONS

Q

3

5

4

8

6

2

7

MIXED USE INVESTMENT LOCATED IN THE GOLDEN MILE

KEY

Q. Qwest 5. Allianz

2. M4 6. Sky

3. GWQ Barratt Development 7. Audi

4. GlaxoSmithKlein 8. University of West London

HEATHROW

A West London multi-let mixed use investment located in the golden mile

Landmark office building adjacent to elevated section of the M4

Situated adjacent to Barratt Homes’ new Great West Quarter scheme

Excellent occupancy rate of 89% on office accommodation

Freehold

The property comprises 54,269 sq ft of retail, leisure and office accommodation

Gross passing rent of £710,969 per annum, equating to £16.70 psf on let office area

Current service charge budget of £310,000 equating to £5.71 psf

Net rent equates to only £10.99 psf against prime rents in the area of in excess of £50 psf

Numerous asset management incentives to include:-• Refurbishment to improve rental tone• Create Institutional leases to be exclusive of service charge• Let vacant units• Reconfigure vacant areas• Generate additional revenue from advertising subject to planning

There is a restrictive covenant that prevents change of use to residential for 5 years from June 2015.

Offers are sought in excess of £10,000,000 (Ten million pounds). This reflects a gross initial yield of 6.71% allowing for usual purchaser’s costs of 5.8%. This represents a low capital value of only £184 psf.

LONDON

BRENTFORD LONDON’S CLOSEST BUSINESS DISTRICT TO HEATHROW

QWEST BUILDING 1110 GREAT WEST ROAD, BRENTFORD, LONDON, TW8 0GP

EXCELLENT PUBLIC TRANSPORT PROVISIONSLocated on the M4 between central London and Heathrow Airport and being situated on the London Waterloo national rail line gives Brentford connectivity on both a national and global scale.

This is set to be boosted with proposed plans for a direct rail link between the Crossrail and HS2 hub at Old Oak Common and Brentford station which will improve the connectivity of Brentford even further.

DIVERSE, ESTABLISHED OCCUPIER BASEBrentford has cemented itself as an established, diverse occupier base appealing to those considering relocation to the area. Existing occupiers include GlaxoSmithKlein, Allianz, Sky Television, Sega, EMC, Worley Parsons, the University of West London, Brompton and Datapoint. Businesses large and small are represented from a range of economic sectors to include consumer goods, pharmaceuticals, insurance, media and retailing.

Looking forward we can expect Brentford’s diversity of occupier base to broaden as an increasing number of Central London occupiers look to relocate to locations such as Brentford to escape rising total occupational costs within Central London and other West London markets.

A REGENERATION CENTREThe Brentford landscape has undergone a vast transformation over the last few years with further regeneration plans in place. Q West is situated within the landmark 13 acres Barratt Homes GWQ comprising 900 private and affordable apartments, a hotel, shops, restaurants and health club.

Adjacent to GWQ is the 8 acres Alfa Laval site on which construction has started on a large mixed-use scheme delivering residential accommodation, a hotel and office accommodation.

Brentford’s waterfront is set to be transformed through Ballymore’s £500 million scheme. The 11.8 acres development is set to include circa 900 new homes alongside new community, retail and business space.

Brentford football club and Willmott Dixon are also set to regenerate the Lionel Road area of Brentford with a new large scale mixed use scheme including a 20,000 seater stadium and 910 homes.

Additionally the Mayor of London has granted £1 million to improve the public realm within Brentford’s town.

Q LONDON

Heathrow

LondonCity

Gatwick

Stansted

Luton

J27J25J23

J21

J20

J19

J16

J15

J12

J10

J7J8

J9

J6

J5

J3

J2

J29

J28

A5

A505

A418

A602A131A130

A138

A130

A127

A217

A331

A339

A316

A309

A232

A264

A264

A229

A120

A404

A355

A404

A413

A4142

A4010

A414

A414

A414

A1

A3

A3

A41

A34

A40

A31

A24

A22

A10

A10

A12

A12

A13

A26

A21

A23

A23

A420

A303

A34

A34

A44

A40

M1

M4

M4

M2

M3

M3

M10

M40

A329(M)

M25

M25

M25

M25

M25

M25

M23

M26

M20

M20

M11

M11

A1(M)

M1

Harlow

Bishop’sStortford

EppingPotters Bar

Knebworth

Hertford

Aylesbury

Dunstable Stevenage

Hatfield

DartfordGravesend

Gillingham

Shoreham

Rochester

Sittingbourne

Croydon

Romford

Sevenoaks

Tonbridge

RoyalTunbridge

Wells

Maidstone

Snodland

Sheerness

StaplehurstPaddock

Wood

East GrinsteadCrawley Three Bridges

Horley

Horsham

Witley

Godalming

Cranleigh

NorthHorsham

HaywardsHeath

Burgess Hill

RedhillDorkingGUILDFORD Reigate

Staines

HemelHempstead

Chesham

Berkhamsted St Albans

HighWycombe

Thame

Watford

WembleyUxbridge

Rickmansworth

BrentCross

Woking

SouthOxney

Luton

HarefieldHarrow

Hampstead

Borehamwood

Enfield

Windsor

Slough

Aldershot

Alton

BASINGSTOKE

Famham

Fleet

Wokingham

Egham

Sandhurst

READING

OXFORD

Henley-on-Thames

Epsom

Swanley

Fulham

Ashford

RichmondHounslow

Southall

BillericayWickford

Stanford-le-Hope

Southend-on-SeaBenfleetCanveyIsland

Brentwood

Chelmsford

ChippingOngar

Basildon

Welwyn GardenCity

KingstonUpon Thames

Clapham

Harpenden

BRENTFORD

BRENTFORD

KEW BRIDGE

ACTON TOWN

SOUTH EALING

NORTHFIELDS

BOSTON MANOR

Carville Hall Park North

Gunnersbury Park

Kew Gardens

St. Paul’sRecreation

Ground

SwyncombePlaying Field

WatermansPark

Lionel Road N

ort h

Ealing R

oad

Ealing Road

Little Ealing Lane

Swyncom

be A

venu

e

Windm

ill Road

Windm

ill Road

New Road

Hamilton Road

Green Dragon Lane

Chiswick High Road

Wellesley Road

A3000

A3002 Boston Manor Ro

ad

A3002 Boston Manor Road

A315 Kew Bridge Road

A315 High Stre

et

A4 Great West Road

A406 G

unnersbu

ry Avenue

Kew

Roa

dA2

05

Chis

wick High

RoadM4

QWEST

LOCATIONBrentford is an established business centre located in West London within the London Borough of Hounslow. The town is predominantly situated to the south of the M4 motorway and the A4 Great West Road.

Brentford benefits from its excellent strategic location 7.3 miles (11.8 km) to the west of Central London and 5 miles (8 km) to the east of Heathrow. The town is immediately bordered by Ealing to the north, Chiswick to the east, the River Thames and Kew to the south and Hounslow to the west.

Road communications in Brentford are excellent. The property is situated on the Great West Road (A4) which connects Brentford to both junctions 2 and 5 of the M4 motorway, providing direct access east to London and west to Heathrow airport and the national motorway network via the M25 London orbital motorway.

Rail links are also strong with Brentford rail station being located approximately 750 m south east of the subject property providing regular services to London Waterloo with a fastest journey time of 25 minutes. The nearest London Underground station is South Ealing (Piccadilly Line), approximately 0.9 miles (1.45 km) to the north of the property.

SITUATIONThe subject property lies on the Great West Road (A4) close to its intersection with Ealing Road. The property lies adjacent to The Great West Quarter (GWQ) Development by Barratt Homes which comprises 900 private and affordable apartments, shops, restaurant, pub, health club, crèche and art gallery. It is prominently situated adjacent to the raised M4 motorway.

The area is home to many major occupiers including GlaxoSmithKline, Allianz, Sky Television, Sega, EMC, Worley Parsons, the University of West London, Brompton, Datapoint and Novomatic.

SITEThe site extends to approximately 0.27 hectares (0.68 acres).

TENUREFreehold.

BY CAR

London West End 30 mins

London City 37 mins

Reading 43 mins

London Canary Wharf 47 mins

AIRPORT DRIVE TIMES

London Heathrow 20 mins

London Luton 46 mins

London Gatwick 53 mins

London City 56 mins

BY TRAIN AND TUBE

Clapham Junction (overground) 19 mins

London Heathrow (underground) 21 mins

Piccadilly Circus (underground) 27 mins

London Waterloo (overground) 32 mins

London Kings Cross (underground) 35 mins

Great West RoadGreat West Road

Great West Road

Great West Road

Under Construction

Q-West

M4

0m 10m 20m 30m

International House, TW8 0GP

© UKMap Copyright The GeoInformation Group 2015 Licence No. LANDMLON100003121118. Plotted Scale - 1:1030

DESCRIPTIONThe property, built in the 1950s, comprises a detached mixed use building of approximately 5,042 sq m (54,282 sq ft). The building is arranged over basement, ground and three upper floors and predominantly provides refurbished office and studio accommodation with units ranging from 164 – 2,639 sq ft. There are three retail units at ground floor level fronting the square totalling 5,895 sq ft. The building benefits from a modern managed reception and communal break out space, passenger lift and CCTV monitoring.

Each floor benefits from two sets of communal refurbished W.Cs and kitchenettes. Shower and changing facilities are at ground floor level.

The office accommodation has the benefit of secure floor key card access, air-conditioning, suspended fluorescent strip lighting and double glazing. The ground floor retail units benefit from glazed frontages.

The property benefits from a total car parking provision of 78 spaces. Specifically there are 11 car spaces and 3 loading bays located within a ground floor secured internal car park, 34 external car spaces located at the front of the building and 33 car parking spaces located in the GWQ under croft car park. The undercroft and external spaces do not form part of the freehold but there is a right to use in perpetuity.


© Crown Copyright, ES 100004106. For identification purposes only.

BRENTFORD TRAVEL TIMESBrentford is well served by road, rail, tube, bus and air transport links.

LONDON

M1

M4

M4

M2

M3

M3

M10

M40

A329(M)

M25

M25

M25

M25

M25

M25

M23

M26

M20

M20

M11

M11

A1(M)

M1

Staines

Uxbridge

Windsor

SloughMaidenhead

Basingstoke

Reading

Bracknell

Hammersmith

Chiswick

HeathrowBRENTFORD

Ealing

£21.00

£33.00

£21.50

£28.60

£33.00

£32.50£27.50 £32.00

£32.50£28.00

QWEST net rent

£10.99 on office accommodation

£50.00

£50.00

£32.50

Date Address Tenancy Term Certain Area (sqft) Price Cap Val psf Yield

Jul-15 Argentum, Hammersmith Multi-let 5.22 years 25,424 £15.8m £620 4.21%

Jun-15 26-28 Hammersmith Grove, Hammersmith Multi-let 4.25 years 204,561 £131m £640 4.11%

May-15 Flow Building, Staines VMware 9.80 years 63,799 £38.2m £598 5.17%

May-15 Bedfont Lakes, Heathrow Multi-let 5.10 years 375,972 £167m £444 5.44%

Mar-15 St George’s House West, Wimbledon Multi-let 8.70 years 84,919 £60m £707 4.49%

Mar-15 Landmark House/Thames Tower, Hammersmith Multi-let 0.75 years 135,448 £57m £421 n/a

Feb-15 Chiswick Gate, 598-608 Chiswick High Road, Chiswick Multi-let 2.10 years 13,339 £6.5m £486 5.48%

Jan-15 Elms House, 43 Brook Green, Hammersmith Halcrow Group 11.00 years 85,672 £55.5m £648 4.85%

Date Property Area sq ft Tenant Rent (£psf) Lease Term Rent Free Condition

Mar-15 227 Shepherd’s Bush Road, W6 3,700 £50.50 5 years 6 months Refurbished

Feb-15 Metro Building, W6 5,712 Racepoint £42.5010 years

(5 year break)7 months Refurbished

Jan-15 11 Chiswick Park, Chiswick, W4 10,023International Metals Technologies

£48.5010 years

(5 year break)8 months

Jan-15 200 Hammersmith Road, W6 15,000 Western Union £50.00 10 years 6 months Refurbished

Dec-14 Griffin House, 161 Hammersmith Road, W6 23,000 Virgin Media Ltd £46.0010 years


Sep-14 10 Hammersmith Grove, W8 25,000 Fox TV £47.00 10 years 15 months New

Sep-14 10 Hammersmith Grove, W8 35,000 Phillip Morris £50.00 10 years 15 months New

Sep-14 10 Chiswick Park, Chiswick, W4 12,898 Mizkan Europe £46.3810 years


WEST LONDON INVESTMENT TRANSACTIONS

WEST LONDON OCCUPATIONAL MARKET

MARKET COMMENTARY2014 saw significant rental growth in both core and non-core markets, and this has continued into 2015, driven by an ever-diminishing supply of accommodation.

The submarket of Hammersmith is reflective of the larger market with the vacancy rate as at Q1 2015 believed to be at a record low of c.2.6%. Whilst the focus has been around the Grade A market, the reduction of supply due to a recovering economy and the conversion of obsolete office blocks under Permitted Development Rights, has put upward pressure on secondary office accommodation resulting in small businesses being pushed out of the core locations as they look to manage their occupancy costs. Hammersmith has seen office rental growth of 40% between 2012-2014, and with an estimated 1.2m sq ft of occupier requirements targeting West London, this shows no sign of abating. The supply demand dynamic is underlined by 10 Hammersmith Grove, a 110,047 sq ft mixed use office and retail development was fully let within 12 months of practical completion.

Q West building averages a low gross rent of £16.70 psf inclusive of service charge which is a significant discount to other buildings in the area. The net rent equates to only £10.99 psf.

The investment market is being fuelled by this rental growth with yields for prime buildings being sub 5% and critically capital values of £421 psf to £648 psf.


CURRENT PRIME RENTS

Q TENANCY SCHEDULE

Unit Unit type Tenant Name Area sq m Area sq ft Rent pa (Gross) Rent psf Lease Start Lease End Comment

IH.GL.1 Meeting Room Vacant 37.70 406

IH.GL.2 Offices Arts Productions Ltd. & Arts Educational Ltd. 45.90 494 £8,090.00 £16.38 01/09/13 31/08/15 Tenant rolling break option subject to 1 month notice. Contracted out of 1954 Act.

IH.GL.3 Offices Pendulum Productions Ltd. 30.20 325 £6,840.00 £21.05 02/02/15 01/02/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.GL.4 Offices Facts 4 All Ltd. 45.80 493 £9,240.00 £18.74 01/10/14 30/09/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.GL.5 Offices Ghoz Bros Ltd. 45.70 492 £11,400.00 £23.17 01/06/15 31/05/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.GL.6 Offices AJA Portfolio Brands Ltd. 30.30 326 £6,248.88 £19.17 19/05/14 18/05/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.GL.7 Offices Tomas Floor Ltd. 29.20 314 £5,922.00 £18.86 06/05/14 05/05/16 Tenant rolling break option subject to 6 months notice. 5% annual rent increase.

IH.GL.A Retail Vacant 154.00 1657 £0.00

IH.GL.B Retail Vacant 197.20 2123 £0.00

IH.GL.C Retail Vacant 196.50 2115 £0.00

IH.GL.D Gym BDW Trading Ltd 245.10 2639 Peppercorn £0.00 24/06/15 23/06/40 Mutual break option subject to 6 months notice 24/06/30. Contracted out of 1954 Act.

IH.1.01A Offices The Amber Centre Ltd. 38.90 418 £8,064.00 £19.29 01/10/14 30/09/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.1.01B Offices Vacant 40.60 437 £0.00

IH.1.02 Offices Glen Solicitors Ltd. 47.00 505 £8,568.00 £16.97 20/08/13 19/08/15 Vacating at lease end.

IH.1.03 Offices Europatch (UK) Ltd. 68.40 737 £12,348.00 £16.75 14/04/14 13/04/16 Tenant rolling break option subject to 6 months notice. 5% annual rent increase.

IH.1.04 Offices Co Stars London Ltd. 69.40 747 £11,064.00 £14.81 30/04/15 29/04/17 5% annual rent increase.

IH.1.05 Offices 3DMD Ltd. 69.80 752 £12,600.00 £16.76 24/11/14 23/11/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.1.06-7 Offices London Care Ltd. 155.80 1676 £28,920.00 £17.26 23/02/15 22/02/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.1.08 Offices Vacant 87.90 946 £0.00




IH.1.12 Offices Abboax Systems Ltd 63.00 678 £9,000.00 £13.27 17/04/15 16/04/16 Mutual rolling break option subject to 2 weeks notice. Contracted out of 1954 Act.



IH.1.15 Offices WEP-HSE Ltd. 93.00 1001 £17,640.00 £17.62 08/12/14 07/12/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.1.16 Offices Wired Logic Ltd. 81.40 876 £14,520.00 £16.58 01/05/14 30/04/16 Vacating 31/07/15.

IH.1.17-18 Offices Transdev Plc. 210.20 2262 £36,588.00 £16.18 26/01/15 25/01/17 5% annual rent increase.

IH.1.19 Offices The Chat Shop Ltd. 104.70 1127 £19,080.00 £16.93 05/09/14 04/09/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.1.20 Offices Toprise Clothing Ltd. 106.50 1146 £17,400.00 £15.18 10/04/15 31/03/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.01 Offices Sepam UK Ltd. 78.40 843 £21,900.99 £25.98 19/01/09 18/01/11 Tenant rolling break option after 1 year subject to 3 months notice. 5% annual rent increase.

IH.2.02 Offices Fashion Eyewear International Ltd. 69.40 746 £11,576.25 £15.52 01/11/11 31/10/13 Section 25 served.

IH.2.03 Offices Kindit Ltd. T/a PYMCA 44.00 473 £9,000.00 £19.03 09/10/14 08/10/16 Vacating 31/08/15.

IH.2.04 Offices Gore Capital Ltd. 46.10 496 £7,320.00 £14.76 14/11/11 13/11/14 Tenant rolling break subject to 3 months notice. Holding over.

IH.2.05 Offices Whest Records Ltd. 46.10 496 £7,938.00 £16.00 10/03/14 09/03/16 5% annual rent increase.

IH.2.06 Offices Whest Pro Ltd. 46.10 496 £7,816.79 £15.76 01/11/12 31/10/14 Section 25 served.

IH.2.07 Offices Whest Audio Ltd. 46.90 505 £7,800.00 £15.45 01/05/09 30/04/11 Tenant rolling break subject to 3 months notice. Holding over.

IH.2.08 Offices Credo Trading Ltd. 20.40 219 £4,410.00 £20.14 25/10/13 24/10/15 Vacating 31/08/15.

IH.2.09 Offices Happy Mummy Ltd. 15.30 164 £4,200.00 £25.61 09/03/15 08/03/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.


IH.2.11 Offices IMBY3 Ltd. 31.00 334 £7,800.00 £23.35 02/03/15 01/03/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.12 Offices Kanwaljit Singh Girn t/a Gore company 29.10 313 £4,560.00 £14.57 01/01/10 31/12/11 Tenant rolling break subject to 3 months notice. Holding over.

IH.2.13 Offices KSW Studio Ltd. 31.10 334 £8,040.00 £24.07 20/03/15 19/03/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.14 Offices Link I T Solutions Ltd. 36.20 389 £7,293.04 £18.75 01/07/10 30/06/12 Tenant rolling break subject to 3 months notice. Holding over.

IH.2.15 Offices Mark Wardell Marketing Ltd. 20.40 219 £4,680.00 £21.37 06/10/14 05/10/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.16 Offices Associated Infrastructure Advisers Ltd. 20.70 223 £4,920.00 £22.06 01/10/14 30/09/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.17 Offices Followave Ltd. 26.00 280 £5,544.00 £19.80 03/03/14 01/03/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.18 Offices C B D C Ltd. 41.90 451 £8,520.00 £18.89 27/11/14 26/11/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.19 Offices Chiswick Print Ltd. & Gary Jarvis 29.50 317 £7,800.00 £24.61 03/06/15 02/06/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.20 Offices AK Forensics Ltd. 31.30 337 £5,834.43 £17.31 25/07/11 24/07/13 Section 25 served.

Tenancies as at 26th June 2015.


*Assignable measured survey calculates total area to be 56,430 sq ft including reception and ancillary areas.

IH.2.21 Offices Thorgills Ltd. 31.30 337 £6,111.00 £18.13 10/12/13 09/07/15 Holding over.

IH.2.22 Offices Exhibition Traffic Management Services Ltd. 36.40 392 £7,440.00 £18.98 01/12/14 30/11/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.23 Offices Toprise Clothing Ltd. 73.00 786 £12,960.00 £16.49 02/02/15 01/02/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.24 Offices Thorgills Ltd. 71.70 771 £11,340.00 £14.71 10/07/13 09/07/15 5% annual rent increase.

IH.2.25 Offices N.M.E. Consultants Ltd & Noel Michael Elliott 70.00 753 £12,852.00 £17.07 01/06/14 31/05/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.26 Offices Lionel Road Developments Ltd. 71.70 772 £13,104.00 £16.97 25/04/14 24/04/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.2.27 Offices Pedal Pedal Ltd. 55.60 598 £9,525.60 £15.93 02/07/12 01/07/14 Tenant rolling break subject to 6 months notice. Holding over.

IH.2.28 Offices Pedal Pedal Ltd. 64.60 695 £10,800.00 £15.54 01/06/14 31/05/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.01/11 Offices Green Tomato Cars Ltd. 102.40 1102 £20,828.91 £18.90 03/05/10 02/05/12 Tenant rolling break subject to 3 months notice. Holding over.

IH.3.02 Offices 4 Corners Image Ltd. 48.30 520 £10,920.00 £21.00 02/02/15 01/02/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.03 Offices Green Tomato Cars Ltd. 95.30 1026 £18,416.16 £17.95 20/05/13 19/05/15 Tenant rolling break subject to 3 months notice. Holding over.




IH.3.07 Offices Fin-Acts Ltd. 32.90 354 £6,960.00 £19.66 21/11/14 20/11/16 Vacating 31/07/15.

IH.3.08 Offices Belvedere Professional Services Ltd. 32.90 354 £6,960.00 £19.66 10/11/14 09/11/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.09 Offices Comforti Ltd. 30.80 331 £7,320.00 £22.11 01/03/15 28/02/17 Vacating 31/08/15.

IH.3.10 Offices Global PA 16.20 174 £3,528.00 £20.28 01/07/13 30/06/15 Tenant rolling break subject to 3 months notice. Holding over.

IH.3.12 Storage Dipix Europe Ltd. 21.40 230 £720.00 £3.13 01/08/10 30/09/10 Tenant rolling break subject to 1 months notice. Holding over.

IH.3.13 Offices Gauge360 Ltd. 31.80 343 £6,720.00 £19.59 05/11/14 04/11/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.14 Offices Eduexpert Ltd. 15.80 170 £4,200.00 £24.71 18/12/14 17/12/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.15A Offices VB1 Ltd. 15.70 169 £4,540.00 £26.86 01/05/15 30/04/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.15B Offices Morgan Maskall Ltd. 15.60 168 £3,741.24 £22.27 04/08/14 03/08/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.15C Offices Dipix Europe Ltd. 16.20 174 £3,720.00 £21.38 06/10/14 05/10/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.16 Offices SMIS Enterprises Ltd. 46.20 498 £8,580.00 £17.23 07/10/13 06/10/15 Tenant rolling break option subject to 3 months notice. Section 25 served.

IH.3.17A Offices Boki Ltd. 15.90 171 £4,320.00 £25.26 11/02/15 10/2/17 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.17B Offices Charles David Hunt t/a C D Hunt & Co. 15.90 172 £3,762.38 £21.87 01/09/14 31/08/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.17C Offices Jonathan Michael Harris t/a Anomaly 3D 15.60 168 £3,720.00 £22.14 10/09/14 09/09/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.18-19 Offices Beg (UK) Ltd. 103.40 1112 £20,771.10 £18.68 07/05/13 06/05/15 Tenant rolling break subject to 3 months notice. Holding over.

IH.3.20 Offices Syon Publishing Ltd. 70.70 761 £12,952.80 £17.02 25/06/12 24/06/14 Holding over.

IH.3.21 Offices Direct Payment Solutions (UK) Ltd. 68.30 735 £13,891.50 £18.90 23/01/12 22/01/14 Tenant rolling break subject to 3 months notice. Holding over.

IH.3.22 Offices KOL Ltd. 47.00 506 £9,648.69 £19.07 01/02/10 31/01/12 Tenant rolling break subject to 3 months notice. Holding over.

IH.3.23 Offices West Express Cars Ltd. 23.10 248 £4,084.10 £16.47 25/04/11 24/04/13 Tenant rolling break subject to 3 months notice. Holding over.

IH.3.24 Offices Net Digital Solutions Ltd. 46.90 505 £8,316.00 £16.47 06/08/13 05/08/15 Tenant rolling break subject to 3 months notice. Holding over. Section 25 served.

IH.3.25 Offices Gary Rooney 71.30 767 £13,080.00 £17.05 10/11/14 09/11/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

IH.3.26 Offices Psychedelic Offspring Productions Ltd. 47.80 514 £8,736.00 £17.00 11/03/15 08/10/16 Tenant rolling break option subject to 3 months notice. 5% annual rent increase.

Car Park spaces 17 vacant spaces.

Car Park Spaces £37,600.00 61 spaces held on licences.

Total 5,042.90 54,269* £710,969.00

SERVICE CHARGEThe service charge budget for the current financial year ending 31/03/2016 is £310,000 equating to £5.71 psf. All rents are inclusive of service charge with the exception of unit IH.GL.D.

NON RECOVERABLESThe current empty rates costs to the landlord are approximately £26,000 p.a.

ADDITIONAL INCOMETelecommunications – c.£42,000 pa commission is generated through an existing telecommunications agreement. This agreement is not transferable however there may be an opportunity to negotiate a similar agreement with the provider.

Electricity – is sub metered and re-charged to the tenants according to usage, generating a profit of c. £24,000 pa. Supply contract is not transferable however there may be an opportunity to negotiate a similar contract.

Storage – There are 9 vacant storage units in the basement totalling c.1,400 sq ft.

ASSET MANAGEMENT OPPORTUNITIESThere are numerous asset management opportunities to include:-

Let the currently vacant retail units

Increase rents in line with local market

Create Institutional leases to be exclusive of service charge

Re-gear current leases to remove breaks and increase income stream

Reduce tenant number thereby improving net income return

Generate income from advertising subject to planning

RESTRICTIVE COVENANT / S106The restrictive covenant that prevents change of use to residential for 5 years.

The wider GWQ development by Barrett’s including QWest was subject to a s106 agreement. This is available in the data site for review.

Unit Unit type Tenant Name Area sq m Area sq ft Rent pa (Gross) Rent psf Lease Start Lease End Comment

Tenancies as at 26th June 2015.

www.allsop.co.uk

QW

EST

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 www.commandHQ.co.uk 07.15

Guy Scott Plummer020 7543 [email protected]

FOR FURTHER INFORMATION OR TO MAKE ARRANGEMENTS FOR VIEWING PLEASE CONTACT:

Scott Tyler020 7543 [email protected]

Jonathan Butcher020 7543 [email protected]

EPCThe property has been rated B on the EPC scale (42). EPC certificate is available on request.

VATThe property is elected for VAT purposes and therefore VAT will be payable by the purchaser, unless the sale is structured as a TOGC.

PROPOSALOffers are sought in excess of £10,000,000 (Ten million pounds). Reflecting a gross initial yield of 6.71% allowing for usual purchaser’s costs of 5.8%. This represents a low capital value of only £184 psf.

Documents

1110 GREAT WEST ROAD LONDON TW8 0GP QWEST · q qwest building 1110 great west road, brentford, london, tw8 0gp investment considerations q 3 5 4 8 6 2 7 mixed use investment located