Investment Evidence

Question 1

Best investment evidence?

Answer 1

Horsham Trade Park
* 4.88% EY
* WAULT 4.02
* 6 Units

Question 2

Why did you adopt an equivalent yield?

Answer 2

Reversionary and therefore EY to reflect the full life cycle of the income stream

Question 3

How did you find the EYs?

Answer 3

Verified with agents.

(if pushed say I cross checked by modelling on AE with ERV / void / RF assumptions provided by in-house agency team)

Question 4

Horsham Trade Park?

Answer 4

• Acquired by in-house investment team

Recent
* March 2022

Similar specification
* Steel portal frame with brick and block elevations and pitched roofs
* Detached terrace of industrial units
* Individual unit sizes 7,000 - 10,000 sq ft
* Roller shutter doors
* Trade counters with two-storey offices
* 1980s
* Eaves Height 6.00m

Similar tenants
* E.g. Travis Perkins, Screwfix

Similar WAULT
* 4.02 yrs

Superior location
* Horsham Trade Park centrally located in Horsham - direct train to London Victoria in 50 minutes
* Adjacent to A264 which links directly to M23 and M25