PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY

CO-OP & OXFORD WINE CAFÉ, JERICHO, OXFORD, OX1 2HU123-127 WALTON ST. & 32 LITTLE CLARENDON ST.

INVESTMENT SUMMARY n Oxford is one of the UK’s top retailing and academic cities

n Prominent convenience store and wine bar located in the very affluent Jericho area of Oxford

n Situated adjacent to the Radcliffe Observatory Quarter, one of the city's major recent redevelopments, and in close proximity to Oxford University Press and Sommerville, Worcester and Exeter Colleges

n Attractive building with prominent road frontages totalling 6,902 sq ft let to Co-operative and Oxford Wine Café

n AWULT of 17 years

n 62% of the income secured to Co-operative group for another 16 years

n The Co-operative Group lease benefits from rent reviews to the higher of Open Market Rent or RPI

n Passing Rent is £212,194 pa including a rental top up on the Co-operative unit until December 2017

n Offers are sought in excess of £3,620,000 (Three Million Six Hundred and Twenty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 5.50% after allowing for purchaser's costs of 6.51%.

OXFORD TRAIN STATION

FRIDESWIDE SQUARE

SAïD BUSINESS SCHOOL

NUFFIELD COLLEGE

OXFORD CASTLE

WORCESTER COLLEGE

BLAVATNIK SCHOOL OF GOVERNMENT

KEBEL COLLEGE

SUBJECT PROPERTY

RADCLIFFE OBSERVATORY QUARTEROXFORD UNIVERSITY PRESS

CORNMARKET STREET

WOODSTOCK ROAD

WALTON STREET

GEORGE STREET

ASHMOLEAN MUSEUM

LONDONHeathrow

Oxford

LondonCity

Gatwick

StanstedLuton

J27J25J23

J21

J20

J19

J16

J15

J12

J10

J7J8

J9

J6

J5

J3

J2

J29

J28

A5

A505

A602

A130

A130

A127

A331

A322

A33

A339

A264

A264

A229

A120

A404

A355

A404

A418

A413

A4142

A4010

A414

A414

A3

A41

A41

A34

A31

A24

A22

A20

A10

A12

A12

A13

A26

A21

A23

A420

A303

A34

A44

A40

M1

M4

M2

M3

M10

M40

M25

M25

M25

M25

M23

M26 M20

M11

A1(M)

OXFORD Harlow

EppingPotters Bar

Luton

Aylesbury

Abingdon

Wantage

Dorchester

Bradfield

Wallingford

Stevenage

Dartford

Bromley

Gravesend

GillinghamRochesterCroydon

Biggin Hill

Romford

Sevenoaks

Tonbridge

RoyalTunbridge

Wells

Maidstone

East Grinstead

Crawley Three Bridges

Horley

Horsham

Cranleigh

HaywardsHeath

Redhill

Oxted

DorkingGuildford Reigate

Slough

HemelHempstead St Albans

HighWycombe

Thame

Watford

WembleyUxbridge

Harrow BrentCross

Woking

Harefield

Enfield

Windsor

Aldershot

Alton

Basingstoke

Winchester

Newbury

Famham

Fleet

Bracknall Egham

Ascot

Sandhurst

Bagshot

Reading

Henley-on-Thames Maidenhead

Epsom

Clapham

Ashford

Richmond

Billericay

CanveyIsland

Brentwood

Chelmsford

Basildon

Welwyn GardenCity

Walton-on-Thames

Didcot

Harwell

OXFORD

OXFORDUNIVERSITY

PRESS

RADCLIFFE OBSERVATORY

QUARTER

OXFORDUNIVERSITY

PARKS

Rewley Road

Rewley Road

Rew

ley Road

Canal Street

Albert Srteet

Welling

ton Stre

et

Ha

rt St

reet

Great C

laren

don Street

Albert StreetCardigan

Street

Victor Stre

et

Nelson Street Richmond Road

Worcester Place

Walton Lane W

alton Lane

Walton Crescent

Little Clarendon Street

Wellington Square

St John S

treet

Pusey Lane

Beaum

ont Buildings

Pusey Street

St G

iles

George Street

St Michaels Street

Ship Street

BlackhallRoad

Parks Road

Parks R

oad

Parks Road

South Parks Road

Walton Street

W

alton Street

Walton S

treet

A4144

George Street

A

4144

A4144

A4144

A41

44

A4

14

4

UNIVERSITYOF OXFORD

WORCESTER COLLEGE

ASHMOLEANMUSEUM

TRINITY COLLEGE

Oxford

Castle Mill Stream

LOCATION

The historic city of Oxford is known as the City of dreaming spires, it is an affluent city in the South East region of England, home to the world-renowned University of Oxford.

The city is one of the fastest growing and ethnically diverse in the UK. Oxford is strategically positioned to the west of the M40 and is located approximately 60 miles (96 km) north west of Central London, 26 miles (41 km) north of Reading, 65 miles (104 km) south east of Birmingham and 80 miles (128 km) south west of Cambridge.

Oxford benefits from excellent communication links. The A34 and A40 dual carriageways provide access to Junctions 8 and 9 of the M40 Motorway respectively.

The city is well connected by railway, with regular direct services to London Paddington in a journey time of 56 minutes, and direct to Birmingham New Street in a journey time of 65 minutes.

Oxford is well served by bus links to and from Central London, with the X90 Oxford-London service and the Oxford Tube, with a journey time of approximately 100 minutes.

Heathrow International Airport is conveniently located approximately 45 miles (72 km) to the south east of Oxford; this is the UK’s busiest airport, easily accessed via road, rail and bus.

SITUATION

The subject property is situated in a prominent position on the eastern edge of the Jericho district of Central Oxford. Jericho is a thriving and bustling suburb in Oxford and a hub for students making it one of the city's most sought-after areas.

The property is conveniently situated on the corner of Walton Street and Little Clarendon Street. Little Clarendon Street is a retail street that links Walton Street to St Giles which provides access to the city centre approximately 0.5 miles (0.8 km) to the south.

The subject property lies adjacent to the Radcliffe Observatory Quarter which is one of the most significant developments that has been undertaken by the University of Oxford. The designated area is a 10 acre site that encompasses the land immediately to the north of the subject property and work began on the development in October 2008.

The first buildings to be completed in the designated area were new student accommodation blocks and since then a new health centre, maths institute, humanities division and school of government have been built and the area has transformed significantly, resembling a small campus.

Nearby occupiers include; Loch Fyne restaurant, Brasserie Blanc, The Phoenix Picturehouse, Branca and The Oxford University Press.

Oxford railway station is located approximately 0.5 miles (0.8 km) to the south west.

DEMOGRAPHICS

Oxford is a thriving city that benefits from tourism, a large student population and being commutable distance from London.

There are 43,500 full time students and the city attracts an estimated 7 million visitors every year, generating approximately £780 million of spend. The town has an estimated shopping population of 258,000 and a total population within the Oxford primary catchment area of 553,000.

Oxford has one of the most affluent catchment populations in the UK, ranked 26th of the PROMIS centres. The 2011 census showed that the Oxford area contained a significantly above average proportion of adults of working age categorised within the most affluent AB social group.

PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY

DESCRIPTION

The property comprises three units, a convenience store, a wine café and student accommodation above, which has been sold off.

The cooperative unit has frontage on to Walton Street and is arranged to provide a ground floor food store with storage in the basement.

The wine café occupies a prominent position with attractive frontages to both Walton Street and Little Clarendon Street and is arranged to provide a bar and seating area at ground floor. The unit also benefits from a kitchen, wine cellar, customer toilets and storage at basement level.

The student accommodation is managed by Lincoln College.

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

ED & Ward Bdy

CR

60.7m

61.1m

61.1m

War Memorial

TCB

TCBW

ALTON

LANE

El Sub Sta

31

54

1

22

120

3715

Hall

Bank

132

35

119a

28

45

32

21

3027

7

49

2928

3332a

127

32

119

Chapel

(private)

Elizabeth

Margery Fry

39

25

29

242 8

63.3m

62.9m

62.9m

LB

LITTLE CLARENDON STREET

WELLINGTON SQUARE

8

RewleyHouse

University

Offices

12

Nuffield

House

First

of

PH6 5

4

16

7

9

12

0m 10m 20m 30m

Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

Unit Tenant Area (sq ft) Rent (£psf) Lease Start Lease Expiry Rent Review Comments

123-125 Walton Street The Midcounties Co-operative Limited Ground 2,692

£132,193* (£29.43)

21/12/2012 20/12/2032 21/12/2017 The rent is to be reviewed annually in line with RPI. At the 5 yearly reviews the rent shall be the grester of the open market rent and the indexed rent. *Rent to be topped up to the December 2017 rent review in line with the Oxford economics RPI forecasts.

Lower Ground 1,621

Total 4,313

126/127 Walton Street and 32 Little Clarendon Street

The Oxford Wine Café (Jericho) Limited

Ground 1,531£80,000 (£30.90)

20/07/2015 19/07/2035 20/07/2020Service charge cap of £2,000p.a. for the first 5 years

Lower Ground 1,058

Total 2,589

Part G, 1st 2nd, 3rd floors 123-125 Walton Street

Lincoln College Oxford

£1 28/03/2013 21/03/2157

Total 6,902 £212,194

TENANCY SCHEDULE

COVENANT INFORMATION

The Midcounties Co-operative Limited

Formed in 2005, it is the largest independent co-operative in the UK, with 547 sites and almost 9,000 colleagues. It is part of the Co-operative Group which is the UK’s largest mutual business owned by more than eight million members, operating 3,500 outlets. The business produced the following headline accounts over the last 3 years:

26/01/2013 24/01/2014 24/01/2015

Turnover £731,883,000 £863,163,000 £910,000,000

Pre Tax Profit £4,741,000 £4,137,000 £9,181,000

Total Net Worth £108,544,000 £117,232,000 £100,083,000

The Oxford Wine Café (Jericho) Limited

Owned by The Oxford Wine Company, it is a multi-award winning local Independent Wine Merchant with a national profile. There are currently two wine cafés in Oxford; one in Summertown and one in Jericho.

TENURE

Long Leasehold for a term of years from completion to 22/03/2157 at a peppercorn rent.

VAT

The property has been registered for VAT and therefore it is anticipated that the sale will be treated as a Transfer of Going Concern.

EPC

The property has a rating of C(59).

For further information or to make arrangements for viewing please contact:

Misrepresentation Act: 1. Allsop LLP and Cluttons on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop and Cluttons 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 or Cluttons nor any of their 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 12.16

PROPOSALOffers are sought in excess of £3,620,000 (Three Million Six Hundred and Twenty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 5.50% after allowing for purchaser's costs of 6.51%

www.allsop.co.uk

Dale Johnstone020 7543 6796dale.johnstone@allsop.co.uk

Richard Lea020 7543 6832richard.lea@allsop.co.uk

www.cluttons.com

Craig Middleton01865 812 750craig.middleton@cluttons.com

Mike Watson01865 812 740mike.watson@cluttons.com