FREEHOLD INVESTMENT FOR SALE

BEDFORD POINT 35 DINGWALL ROAD, CROYDON, SURREY CR0 9XF

BEDFORD POINT 35 DINGWALL ROAD, CROYDON, SURREY CR0 9XF

FREEHOLD INVESTMENT FOR SALE

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Proposed Westfield/Hammerson

Scheme

Ruskin Square Development

BEDFORD POINT

East Croydon Train Station

BEDFORD POINT 35 DINGWALL ROAD, CROYDON, SURREY CR0 9XF

FREEHOLD INVESTMENT FOR SALE

INVESTMENT SUMMARY

• Croydon is set to become London’s biggest growth centre, with £5.25 bn committed over the next five years for redevelopment.

• Prime location in close proximity to East Croydon Train station which provides direct mainline services into London Bridge and London Victoria.

• Bedford Point comprises 13,115 sq ft (NIA) and is arranged over ground to third floors with 11 car parking spaces.

• New letting to Sopra Steria Limited from 1st June 2018 until 30 November 2023. Tenant break in November 2021 - 3.5 years hence.

• Rent at £354,722 pa reflects £27.50 psf NIA.

• Sopra Steria Limited is a European Information Technology Consultancy. To December 2016 - turnover £524.2 million, profit before tax £32.8 million and net assets £155 million.

• Freehold.

• Capital Value £396 psf.

• Offers are sought in excess of £5,200,000 Subject to Contract and exclusive of VAT. A purchase at this level will reflect a net initial yield at 6.4%.

BEDFORD POINT 35 DINGWALL ROAD, CROYDON, SURREY CR0 9XF

FREEHOLD INVESTMENT FOR SALE

WELLESLEY RO

AD PARK LAN

E

C

ROYD

ON FLYOVER

A232

BARCLAY ROAD

PARK LANE

ROM

AN W

AY OLD

TOW

N A236

ST JAMES’S ROAD A222

CH

ERRY ORC

HARD

ROAD

ADD

ISCO

MBE G

ROVE

SY

DEN

HAM

RO

AD

ROAD

LANSDOWNE

FELL ROAD

GEORGE STREET

ADDISCOMBE RD

GEORGE ST

LON

DO

N RO

AD POPLAR WALK

BEDFORD PARK BEDFORD PL

SYDENHAM ROAD

TAM

WO

RTH R

OAD

STA

TIO

N R

OAD

CHURCH ST REETKATHERINE STREET

DIN

GW

ALL ROAD

Whitgift Shopping Centre

Centrale Shopping Centre

Ruskin Square

Croydon College

EAST CROYDON

STATION

WEST CROYDON

STATION BEDFORD POINT

LOCATIONBedford Point is situated within a minute’s walk of East Croydon Station, which provides a regular service to London Bridge & London Victoria of approximately 15 minutes. Journey times to Gatwick Airport are swift. West Croydon Station is approximately half a mile and offers access to Canary Wharf and The City via the London Overground. The property is close to the Croydon Tramlink, which is the UK’s busiest tram network and runs from Wimbledon in the west to Beckenham Junction in the east. Junction 7 of the M25 is 8 miles south, allowing access to the Motorway Network.

BEDFORD POINT 35 DINGWALL ROAD, CROYDON, SURREY CR0 9XF

FREEHOLD INVESTMENT FOR SALE

ACCOMMODATION (NIA)We have measured the building on a net internal basis (6th edition) and report the areas as follows:

Sq ft Sqm

Ground Floor Reception 432 40.1

Ground Floor 2,861 265.8

First Floor 3,309 307.4

Second Floor 3,236 300.6

Third Floor 3,277 304.4

Total 13,115 1,218.4

AMENITIES• Suspended ceilings

• Recessed lighting

• Raised floors

• 11 private surface parking spaces

• One Passenger lift / 8 persons

Female WC

Female WC

Male WC

STAIRCASE

LIFT

STAIRCASE

Typical Floor Plan

NB. For indicative purposes only

BEDFORD POINT 35 DINGWALL ROAD, CROYDON, SURREY CR0 9XF

FREEHOLD INVESTMENT FOR SALE

TENANTThe building is let to Sopra Steria Limited, Co No 04077975, on a full repairing and insuring lease from 1 June 2018 expiring 30 November 2023. There are tenant only break options in November 2021 and November 2022. The rent is £354,722 per annum exclusive. There is a Schedule of Condition to determine the reinstatement liability of the tenant. A copy of the lease and schedule are available on request.

TENANT’S COVENANTSopra Steria Limited are part of a European Information Technology Consultancy employing 41,000 across Europe. The Parent Company Sopra Steria Group SA report a revenue at €3.845 billion. Sopra Steria Ltd offer strategic marketing advice, human resources and information systems consultancy to a wide range of customers including government departments.

For the year ending December 2016 Sopra Steria Ltd reported the following:

Turnover - £524.2 million Profit Before Tax - £32.8 million Net Assets - £155 million

We have summarised above finanacial details of the tenant, which are for information only. Purchasers are advised to make their own enquiries as to the financial standing of the tenant.

TENUREFreehold.

VATThe property has been elected for VAT. It is intended that the sale will be treated as a TOGC.

EPCThis property has an EPC rating of E-113.

FLOOR PLANSAvailable upon request.

PROPOSALWe are instructed to seek offers in excess of £5,200,000 (Five Million, Two Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest. A purchase at this level will reflect a net initial yield at 6.4% assuming purchaser’s costs at 6.6%.

DISCLAIMER 2018Chris Freer-Smith Ltd & SHW for themselves and for the vendor as joint agents for the vendor, give notice that:

1. We provide the information contained in these particulars for guidance to intending purchasers, licensees or any other third parties and they are for your general information only and will be used at your own risk.

2. We will use all reasonable endeavours to ensure the accuracy of information, however, we do not guarantee or warrant the accuracy or completeness, factual correctness or reliability of any information in the particulars (especially as the information may have been obtained from third parties) and do not accept any liability for any errors or omission including any inaccuracies or typographical errors.

3. Any interested purchasers, licensees or any other third parties should not view the information in the particulars as statements or representations of fact and should satisfy themselves that the facts and specific details in the particulars are correct and accurate especially in relation to floor areas and other measurements through inspection or other means, as appropriate, and will be responsible for taking independent surveys or valuations before entering into any legally binding transaction in respect of the property or premises that is the subject matter of these particulars.

4. We have not made any investigations or otherwise of any issues concerning pollution and potential land, building, air or water contamination. Prospective purchasers, licenses or any other third parties must undertake their own enquiries and satisfy themselves in this regard.

5. Unless otherwise stated, all prices and rents are quoted exclusive of VAT.

FURTHER INFORMATION If you would like to view or require further information, please contact:

Chris Freer-Smith Ltd

Chris Freer Smith: 020 7290 3612 Mobile: 07850 487 146 email: cfs@chrisfreersmith.co.uk

Charlotte Horn: 020 7290 3615 email: charlotte@chrisfreersmith.co.uk

Adrian Gates Photography & Design 07710 316991

FURTHER INFORMATION If you would like to view or require further information, please contact:

SHW LLP

Holly Purvis: 020 8662 2735 Mobile: 07947 373966 email: hpurvis@shw.co.uk

Neil Barker: 020 8662 2705 Mobile: 07714 690429 email: nbarker@shw.co.uk