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WAREHOUSE Investment
Opportunity
1 3 y e a r s u n e x p i r e d
L E T T O t h e E x c e l l e n t
c o v e n a n t o f J e w s o n s /
S a i n t G o b a i n
F O X H O L E S
BUSINESS PARK
J o h n T a t e R o a d
H e r t f o r d
S G 1 3 7 N Q

Location
M56
M62
MANCHESTER
SHEFFIELD
DONCASTER
Hertford has resident population of 24,600 and a population within a 10 mile radius of the town centre of
approximately 194,000. It is the “county” town of Hertfordshire and is located 24 miles north of London and
approximately 13 miles east of St Albans.
M6
M54
M1
A1M
The town benefits from good transport communications with the A10 Trunk Road (London to Cambridge)
BIRMINGHAM
approximately 2 miles to the east of the town, which in turn intersects with the M25 motorway approximately
12 miles to the south, at junction 25. Rail services are regular with a journey time into London (Liverpool Street)
of approximately 45 minutes.
The town was developed around the River Lea, which in the late 18th century provided access to London
markets. Hertford continues to expand as a commuter area and is the administrative centre for the County of
Hertfordshire with the County Council being one of the major employers.
BRISTOL
M4
M40
M1 M11
HERTFORD
M25
LONDON
The socio-economic profile of the town shows a population which is generally younger than the national average.
Those within (CACI) lifestyle groups such as wealthy achievers, flourishing families, prosperous professionals and
secure families are significantly in excess of the national average with struggling families, burdened single Asian
M5
M3
M23
M20
communities and inner city adversity being substantially lower than that of the national average.
Hertford is a relatively affluent town, with correspondingly low unemployment.
SITUATION
A30
PLYMOUTH
EXETER
STEVENAGE
7
A1(M)
KNEBWORTH
A602
A10
A120
BISHOP’S
STORTFORD
8
The property lies within the main business park in Hertford, namely Foxholes Business Park which is located
approximately 1.5 miles east of the town centre.
Foxholes is strategically located with access directly off the A414 which in turn provides access to the town
centre and the A1(M) to the west and the A10 to the east.
WELWYN
GARDEN CITY
A1(M)
4
6
B158
A414
A119
Foxholes Business
Park
B158
A602
HERTFORD
A10
B1179
WARE
A414
M11
The property is situated on a site in the north-east corner of the Foxholes Business Park, off John Tate Road.
3
HATFIELD
HARLOW
7
M25
1
23
POTTERS BAR
24
M25
25
A10
WALTHAM
ABBEY
26
M25
EPPINGY
27
6

Description
The property comprises two detached warehouse buildings together with external areas partly tarmac and concrete surfaced used
respectively for circulation, car parking and mainly hard standing for open storage of building products.
Building 1
This is the main warehouse building with trade counter and ancillary offices, erected in 1988. This building is located to the south of the site.
It is of steel portal frame construction with elevations of brickwork/blockwork to a height of approximately eight feet, above which is profile
metal cladding beneath a double pitched, profile metal clad roof.
Internally, the floors are concrete screed construction, painted walls and the lighting is provided by roof mounted sodium lights in conjunction
with approximately 15% translucent roof panels.
The building has been divided internally into three sections, the first by a blockwork partition the remainder by timber stud partition. The
three sections, from west to east respectively, contain building materials, timber products and trade counter and ancillary offices. The
headroom to the eaves is 5.33m (17’ 6”).
Building 2
This warehouse building, erected approximately in 1988, is used mainly for storage, timber milling and trade counter, located to the north
east of the site. Construction is of steel portal frame, the front elevation of which is mainly open. Cladding to the remaining elevations is
profile metal cladding, beneath a similarly clad double pitched roof. The timber mill, located to the east of the building is fully clad. Within
the first bay warehouse (to the north western side) a temporary structure has been installed and used as a trade counter, trading as “Frazer
Pollock”.
Internally the building has a floor of solid concrete construction, and painted blockwork walls to a height of approximately two metres.
Lighting is provided by a combination of suspended sodium lights in conjunction with approximately 15% translucent roof panels. The
headroom to the eaves is 5.5m (18’).
Accommodation
.
Use Area Sq.Ft. Area Sq.M
Building 1 Main store and trade centre 23,329 2,167.4
Building 2 Open storage/trade counter 6,986 649.0
Building 2 Timber mill (workshop) 2,289 212.7
Total 32,604 3,029.1
SITE
The property occupies a relatively level and broadly rectangular shaped site accessed off John Tate Road. The site is enclosed with steel
security fencing with steel security gates to the main road access. The site extends to be approximately 1.20 hectares (2.97 acres) with a
site cover of 25%.

Tenancy
Tenure
The property is let on an institutional full repairing and insuring lease for a term of 20 years from
Freehold
27th august 2004 subject to upwards only rent reviews every five years.
The tenant is Jewson Property Holdings Limited with guarantees from both Jewson Limited and
Saint Gobain Building Distribution Limited.
The passing rent is £185,000 per annum, which equates to £61 per sq.m (£5.68 per sq.ft) on an
overall basis, excluding any allowance for the excess yard.
Proposal
We are instructed to invite offers in excess of £2.59m (two million five hundred and ninety thousand pounds) which reflects
a net initial yield of 6.75%.
VAT
TENANT COVENANT
The property has been elected for VAT and therefore VAT will be payable on the purchase price.
The principal activities of Jewson is the selling of timber and building materials.
INVESTMENT RATIONALE
Saint Gobain’s latest accounts
Financial Year 13/12/09 31/12/08 31/12/07
Turnover £299,057,000 £323,572,000 £371,198,000
Pre-tax profit £41,575,000 £28,617,000 £98,459,000
• Good covenant
• Attractive yield
• Low site cover
• Good prospects for rental growth
• 13 years unexpired
For further information contact:
David Mayes Paul morris Richard goodE
020 7458 0624 020 7458 0645 020 7458 0633
dm@fletcherking.co.uk pmm@fletcherking.co.uk regg@fletcherking.co.uk
Misrepresentation Clause: Fletcher King themselves and for the vendors of the property whose agents they are give notice that: Particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute nor constitute part of an offer or contract; All descriptions,
dimensions, references to conditions and necessary permissions for use and occupation and their details are given in good faith and are believed to be correct but any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection
or otherwise as to the correctness of each of them; No person in the employment of Fletcher King has any authority to make or give any presentation or warranty whatever in relation to these properties or their particulars nor enter into any contract relating to the property on behalf of Fletcher
King nor any contract on behalf of the vendor; No responsibility can be accepted to any expenses incurred by intending purchasers in inspecting property or undertaking due diligence; Fletcher King have not made any investigations into the existence or otherwise of any issues concerning
pollution and potential land, air or water contamination. The purchaser is responsible for making his own enquiries in this regard. Brochure design and production by Amberroom 02072280220. September 2011