singerviellesales.com

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1 singerviellesales.com London Investment Opportunity Rare Outdoor Advertising Interest Let to JC Decaux Shareholders Funds 47,658,000 No. 1 worldwide outdoor advertising company Highly visible location Attractive lot size Net initial yield 7.4% Advertising Hoarding, 445 Norwood Road London SE27 9DG

2 Location West Norwood is a suburb situated in South London within the London Borough of Lambeth. West Norwood is approximately 10 km (6 miles) south of Central London, 10 km (6 miles) south of the City of London and 16 km (10 miles) south west of Canary Wharf. West Norwood is surrounded by other London suburbs such as Tulse Hill, Streatham, Upper Norwood and South Norwood. Gatwick Airport is approximately 42 km (26 miles) to the south. West Norwood is easily accessible by public transport. National Rail stations in the area include West Norwood Station (Zone 3) which has services direct to Victoria, Clapham Junction and London Bridge. Tulse Hill Station (Zone 3) links to Victoria Station, London Blackfriars, City Thameslink, Farringdon, Luton Airport, Kings Cross, St Pancras and St Albans. London Underground Stations in close proximity to West Norwood are Balham (Northern Line), Brixton (Victoria Line), Gipsy Hill (National Rail), Herne Hill (National Rail) and West Dulwich (National Rail). West Norwood is also easily accessed by car, the South Circular (A205) passes close-by at Tulse Hill and Streatham High Road (A23) is approximately 1.6 km (1 mile) to the west. The area is also served by numerous bus routes. Situation The interest for sale comprises of an advertising hoarding situated in a highly visible main road location on Norwood Road immediately in front of a proposed new development on the site of the former West Norwood Fire Station. The site is located on Norwood Road (A215) opposite the junction with Ullswater Road and to the north of Lancaster Avenue. Norwood Road leads to Crystal Palace to the south and onto the South Circular (A205) to the north via the centre of Tulse Hill. The South Circular connects Dulwich and Streatham and provides access into Brixton Hill (A23) or Tulse Hill (A204) to Brixton. The site benefits from good public transport links. Tulse Hill Station is less than a quarter of a mile to the north and provides a service into both London Bridge within 17 minutes and Blackfriars within 15 minutes. West Norwood Station is approximately half a mile to the south providing a service into London Victoria within 23 minutes as well as London Bridge.

3 Description The interest for sale comprises an elevated scroller advertising hoarding constructed of metal and timber. It is clearly and highly visible to both pedestrian and vehicular passers-by on the busy Norwood Road. Note: the interest for sale comprises the hoarding on 445 Norwood Road. The adjoining hoarding is built on 447 Norwood Road and does not form part of the sale. The site is no longer in use as a fire station and in March 2015 planning consent was approved by the London Borough of Lambeth to create a landmark development to provide a blend of 22 converted and new build residential units with a day nursery on ground floor. Of the 22 residential units only 2 are to be made available for affordable housing. The listed Victorian building which was built in 1881 holds a colourful past. For 35 years it housed 26 firemen, their families and two horse-drawn fire appliances before falling out of use in 1916 with the advent of motorised engines, which were too big to fit through the doors. It then served the Lambeth community as a church hall, stood strong through the Second World War as an observation tower and was brought out of disuse by the South London Theatre Company in 1967.

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5 Tenure Long Leasehold for a term of 999 years at a peppercorn for the first 25 years and 200 per annum for the rest of the term. Tenancy Let to J C Decaux UK Limited on a lease for a term of 10 years commencing on 27th March 2008 expiring on the 27th of March The lease is excluded from the Security of Tenure under the Landlord & Tenant Act The current passing rent is 18,997 per annum. Covenant JC Decaux UK Limited (Co. No ) has reported the following figures: 31st December st December 2012 Turnover 294,855, ,375,000 Pre-Tax Profits (Loss) 23,945,000 21,413,000 Shareholders Funds 47,658,000 43,270,000 The principle activity of JC Decaux UK Limited is the provision of outdoor advertising on the roadside, retail and transport environments. J C Decaux is currently the world s number one in advertising panels, transport advertising, billboards in Europe and outdoor advertising in Asia according to their website. JC Decaux play an important part in transforming urban landscapes across the world through delivering high quality and innovative advertising solutions. J C Decaux specialise in advertising across rail, retail, roadside and airport environment. The founder of JC Decaux who is now the chairman invented the concept of advertising in bus shelters to channel his vision of the beautification of cities. J C Decuax now exists all over the world and has over 1 million advertising panels in over 55 different countries and is one of the few global media owners. For more details go to

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7 Investment Considerations 1. Rare opportunity to acquire a London Outdoor Advertising Investment; 2. Secure income le to JC Decaux; Shareholders Funds 47,658,000; Proposal Our client is seeking offers of 250,000 (Two Hundred and Fifty thousand pounds) subject to contract, reflecting a net initial yield of 7.4%. 3. JC Decaux is the No. 1 Worldwide Outdoor Advertising Company; 4. Situated a highly visible position on a busy road and immediately in front of a proposed new mixed-use development with planning consent; 5. Subject to the necessary consents the advertising hoarding could be suitable for conversion to a digital display board enhancing its potential value; 6. Attractive lot size for an investor. Singer Vielle Vendors Solicitor Wigmore Street Philip Ross London W1U 3RF 34 Queen Anne Street Tel: +44 (0) London W1G 8HE Neil Singer neil@singervielle.co.uk Tel: +44 (0) Dale Henry dale@singervielle.co.uk Alun Williams alun.williams@philipross.com Richard Wolfryd richard@singervielle.co.uk Sofia Loizidou sofia.loizdou@philipross.com SUBJECT TO CONTRACT & EXCLUSIVE OF VAT Misrepresentation Act 1967 Singer Vielle for themselves and for the Vendors or Lessors of this property whose Agents they are give notice that: 1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants 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. 3. No person in the employment of Singer Vielle has any authority to make or give any representation or warranty whatever in relation to this property. 4. All maps are for identification purposes only and should not be relied upon for accuracy. 5. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject. Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Property Misdescriptions Act 1991 These details are believed to be correct at the time of compilation, but may be subject to subsequent amendment. Concerning the Properties listed and/or appearing on the Site: 1. Under no circumstances shall we be liable to you for any direct, indirect, consequential, incidental or special damages arising out of your purchase or lease of any Properties on the Site. 2. Under no circumstances shall we be liable for any errors or incompleteness of the information relating to any Property listed on this Site or if any Property has been withdrawn from sale or lease nor shall we be responsible for any inaccurate dimensions of any Properties or price listed. 3. Our website service permits you to enquire about and to purchase or lease Properties appearing on or listed on this Site. Such enquiries, purchase or leasing can only be made and permitted strictly subject to the terms and conditions set out below. 4. We do not accept responsibility or liability for the completeness or accuracy of information appearing on this Site which is provided by the Vendors or Lessors of the Property concerned who are solely responsible for such information. 5. Whilst we believe that the Properties listed are available for purchase or lease we make no guarantee that this is the case or that they have not been withdrawn by the Vendor or Lessor of the same. All Properties appearing or listed on the Site are subject to changes, errors or omissions. We have not verified the accuracy of the information relating to the Properties or any dimensions which have been given by the Vendors or Lessors. 6. All Properties are listed subject to contract and the prices shown are exclusive of VAT if applicable.