1T W O L O N G W A L K R O A DS T O C K L E Y P A R K · U X B R I D G E · U B 1 1 1 B A

P R I M E L A N D M A R K H E A D Q U A R T E R O F F I C E I N V E S T M E N T

T W O L O N G W A L K R O A DS T O C K L E Y P A R K · U X B R I D G E · U B 1 1 1 B A

T W O L O N G W A L K R O A DS T O C K L E Y P A R K · U X B R I D G E · U B 1 1 1 B A

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INVESTMENT SUMMARY

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INVESTMENT SUMMARY

ArareopportunitytoacquireaprimeGreaterLondonheadquarterofficebuilding

ononeofEurope’spremierbusinessparks.

StockleyParkistheprincipalofficeparkintheThamesValleyenviablylocated

2milesnorthofHeathrowInternationalAirportandonly15mileswestof

CentralLondon.

TheparkishometoarangeofglobalbusinessesincludingMarks&Spencer,

Apple,GileadSciences,Kuehne&NagelandCanon.

2LongwalkisLucozade Ribena Suntory’s Headquarters comprising 48,724 sq ft

ofGradeAofficeaccommodationarrangedovergroundandfirstfloor.

ThepropertyisprominentlypositionedclosetotheentranceofStockleyPark,

borderingStockleyRoad.

Excellentcar parking ratio of 1:256 sq ft.

ThepropertyisentirelylettoLucozade Ribena Suntory Limiteduntil

11May2025.

Unexpired term of 8.7 years.

Overthepast18months,acomprehensive refurbishment programmehas

beenundertakenbythetenantwhichweunderstandtotaledintheregionof

£8.5m demonstratingtheirlong-termcommitmenttothebuilding.

Theleaseisguaranteed by Suntory Beverage and Food Limited,theworld’s third

largest soft drinks company,whoarelistedontheTokyoStockExchangeandhave

a Moody’s credit rating of A3 and market capitalisation of £9.76bn.

Totalpassingrentof£1,515,495 per annum equating to £31.50 per sq ft

(takinggroundfloorreceptionandfirstfloorlobbyareaat50%).

PrimerentsonStockleyParkhaveincreasedto£33.50persqft,withnew

quotingrentsrisingto£38.00persqft.

Thequalityoflocation,highoccupierretentionandthenewseriesofrefurbishments

isforecasttodrivetherentaltoneoftheParksignificantly,providinganexceptional

investmentopportunity.

Offersaresoughtinexcessof£23,000,000 (Twenty Three Million Pounds)

subjecttocontractandexclusiveofVAT.

Apurchaseatthislevelreflectsanet initial yield of 6.17%afterallowingfor

purchasercostsof6.75%andacapital value of £472 per sq ft.

INVESTMENT SUMMARY

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LOCATION

STOCKLEY PARK GOLF CLUB

IMG

CELGENE

CANON

APPLESHARP

CANON SAMSONITE

REGUS

REGUS

FISERV

MARKS & SPENCER

MSC CRUISE MANAGEMENT UK

HASBRO

KUEHNE & NAGEL

GILEAD SCIENCES

VOLGA DNEPR

IBMTOSHIBABIOCARE

LONDON PADDINGTON 21 MINUTES

READING 33 MINUTES

TO HEATHROW, M4 & M25

A408 STOCKLEY ROAD

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R O A D

5 THE SQUARE

THE BOWER

4 LONGWALK ROAD

THE ARENA VIRGIN ACTIVE HEALTH CLUB,

COSTA COFFEE, WETHERSPOON’S, SUBWAY, WH SMITH

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STOCKLEY PARK

StockleyParkisawell-establishedoutoftownbusinessparkandacorelocationforcorporateoccupiersintheThamesValleyregion.Occupying150acresoflandwithintheM25,theParkisstrategicallylocatedapproximately15mileswestofCentralLondonand 2milesnorthofHeathrowInternationalAirport. Itsreputationasapremierbusinessparkisreflectedinthequalityofthebuildings,theenvironmentandthetransportconnectivity,makingitanattractivelocationformajorinternationalcorporations.

TheParkiswidelyregardedasoneofthemostsuccessfulbusinessparksintheThamesValley.ThissuccesshasbeenfoundedonitslocationclosetoHeathrowInternationalAirport,accesstotheM4andM25,anditsraillinkstoCentralLondonandthewiderThamesValleymarket.TheintroductionofCrossrailin2019issettoimprovethetransportinfrastructuresignificantlyandbringinstronginwardinvestmenttotheareathroughtheopeningoftwostationsatHayes&HarlingtonandWestDrayton.

TheParktotalsover1.8millionsqftofGradeAofficeaccommodationacross26buildingsandisoftenusedasthebenchmarkfortheThamesValleyofficemarket.TheproximitytobothCentralLondonandHeathrowInternationalAirporthasattractedadiverserangeofmajorinternationalcompaniessuchasSharp,IMG,Hasbro,GlaxoSmithKlineandToshiba.

FARNBOROUGH

M4

M1

M40

M40

M3

M3

M25

M25

A1

HEATHROWAIRPORT

SLOUGH

MAIDENHEAD

BRACKNELL

WATFORD

UXBRIDGE

WOKING

SUTTON

FARNBOROUGH

A4010

A355

A355

A412

A308

A329

A320A3

A309

A308

A30

A24

A316

A3

A406

A406

A312

A404

A4140

A24

A308

A205

J4 J3J4B

J15

J16

J1AJ1

J14

J5

RICHMOND

HARROW

LONDON

SUTTON

STAINESSTAINES

KINGSTON

CHERTSEY

WEYBRIDGE

BATH ROAD BATH ROAD

GREAT SOUTH-WEST ROAD

THE

PARK

WAY

THE

PARK

WAY

THE

PARKWAY

STOC

KLEY ROAD

COW

LEY ROA

D H

IGH

ROAD

FALL I NG LANE

IVER LA N E

UXBRIDGE ROAD

UXBRIDGE ROAD

LON

G LAN

E

HORTON ROAD

BOTWELL COMMON ROADSTATION RO

AD

KINGSHILL AVENUE

DAWLEY RO

AD

HILLINGDON HILL

HAYES ROAD

M25

A40

A312

M25

M4

M4 M4

A30

A3113

J15

J14

J4BJ4

J3

HAYES &HARLINGTON

HEATHROWT2

T3T5

T4

WESTDRAYTON

BRUNELUNIVERSITY

LONDON

UXBRIDGE

HEATHROW AIRPORT

STOCKLEY PARK

LOCATION

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COMMUNICATIONS

BY ROAD

StockleyParkbenefitsfromexcellentroadcommunications,beingpositionedwithincloseproximitytotheM4andM25.Thepropertyislocated1.5milesfromJunction4oftheM4,providingeasyaccesstoandfromHeathrowInternationalAirportandCentralLondon.TheA408alsolinksdirectlytotheM40andJunction15oftheM25motorwaywhichprovidesquickaccesstotheUKmotorwaynetwork.

DISTANCE

LOCATION

BY AIR

HeathrowInternationalAirportislocatedonly2milestothesouthoftheParkandistheworld’sbusiestinternationalairport,cateringforapproximately75millionpassengersperyear.TheproximitytoHeathrowisamajorattractionforoccupierslookingtolocateonthePark,manyofwhomoperateonaglobalscale.

TheParkisideallylocatedclosetothenationalmotorwaynetworkwhichallowseasyaccesstoLondon’sothermajorairports,includingLondon,Gatwick,LutonandStansted.

DISTANCE

Stansted Airport

Heathrow International Airport

Gatwick Airport

London City Airport

Luton Airport

2 miles

40 miles

25 miles

40 miles

70 miles

Uxbridge

Central London

M4 Junction 4

M25 Junction 15

1.5 miles

2 miles

3 miles

3.5 miles

15 miles

Heathrow International Airport

BY PUBLIC TRANSPORT

TheParkbenefitsfromseveralregularbusservices,linkingthe ParkdirectlywithHeathrowInternationalAirport,Uxbridgetowncentre,WestDraytonandHayes&HarlingtonStations.

TheLondonUndergroundcanbeaccessedatUxbridge Stationwhichissituatedapproximately3.5milestothenorth ofthepark,withthePiccadillyandMetropolitanlinesprovidingdirectconnectionstoCentralLondonandHeathrow InternationalAirport.

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COMMUNICATIONS

RAIL & CROSSRAIL

StockleyParkisstrategicallypositionedforaccesstobothHayes&HarlingtonandWestDraytonstations,situated3milestothesoutheastand1.5mileswestrespectively.BothstationsserveLondonPaddingtonandprovidefastlinkstotherestoftheUKrailnetworkviaReadingtothewest.JourneytimestoLondonPaddingtonareapproximately26minutesfromWestDraytonand21minutesfromHayes&Harlington.

TheParkwillbenefitfromtwoCrossrailstationsfromHayes&HarlingtonandWestDraytonin2019.TheservicewillfurtherenhancethePark’sconnectivitywiththelinerunningdirectlythroughthestationsfromReadingacrossLondonandintoEssex.Onceopenedtherewillbeupto16trainsperhourtoCentralLondon,withadirectjourneytoBondStreettakingjust20minutesandfurtherreducedjourneytimestonumerouslocations.

JOURNEY TIMES

FROM HAYES & HARLINGTON FROM WEST DRAYTON

HeathrowT1,T2&T3 11minutes 21minutes

HeathrowT4 17minutes 27minutes

LondonPaddington 21minutes 26minutes

Reading 37minutes 33minutes

Oxford 60minutes 80minutes

LOCATION

Source:www.crossrail.co.uk

HEATHROW AIRPORT

8 MINS

READING 33 MINS

HAYES & HARLINGTON

WEST DRAYTON

3 MINS

BOND STREET 20 MINS

CANARY WHARF 34 MINS

LONDON PADDINGTON

16 MINS

LIVERPOOL STREET 27 MINS

STRATFORD 36 MINS

CROSSRAIL ROUTE FROM HAYES & HARLINGTON

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SITUATION

2LongwalkoccupiesaprominentpositionclosetothePark’smainentrance,borderingtheA408(StockleyRoad).ThepropertyisaccessedviaLongwalkRoad,oneoftheprincipalestateroadsrunningthroughthepark.MajoroccupierswithintheimmediatevicinityincludeCelgene,Marks&Spencer,Kuehne&NagelandVolgaDnepr.

ThePark’slandscapeoflakes,footpathsandcycleroutesprovideanunparalleledandpleasantworkingenvironment,whilstanumberofamenitiesarealsowithincloseproximity.Thebuildingoccupiesoneoftheprimepositionsontheparkforaccesstothemainamenityforthepark,TheArena.Thisislessthana5minutewalkfromthepropertyandprovidesbarsandrestaurantssuchastheWetherspoon'sBaraswellasVirginActiveHealthClub,WHSmith,CostaCoffeeandSubway.Theparkalsoadjoinsan18holegolfcourseanda160acrecountrypark.

LOCATION

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DESCRIPTION

2LongwalkRoadisaprominentheadquarterofficebuildingcomprising48,724sqftofGradeAofficeaccommodationovergroundandfirstfloor.

Thebuildingwasoriginallyconstructedin1986andwascomprehensivelyrefurbishedin2013.Itisofasteelframeconstructionandisaccessedfromanimpressive double-heightreceptionareawithaglassfrontageandafeaturespiralstaircase.Internallythefloorsarearrangedaroundtwocentralatria,whichprovidewellconfiguredunbrokenfloorplatesandanexcellentlevelofnaturallight.

LucozadeRibenaSuntoryhavebeeninoccupationinthebuildingsince2013andcommittedtooccupythewhole ofthebuildingin2015forafurther10years.ThebuildingformsakeyroleinSuntoryHoldingsLimitedglobaloperationsandisrecognisedastheHeadquarters for Lucozade Ribena Suntory, European Headquarters for Suntory Beverage & Food and core South East office locationfor Beam Suntory.

THE BUILDING

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SPECIFICATION

Internallythepropertybenefitsfromthefollowinghigh qualityspecification:

4-pipefancoilair-conditioningsystem

Suspendedmetaltileceilings

Fullyaccessibleraisedfloors

Floortoceilingheightof2.7m

LG7compliantlighting

Double-heightfullyglazedreception

EPCRatingC(71)

12personpassengerlift

Male,femaleanddisabledWC

Thepropertyhasatotalof190carparkingspacesequating toanexcellentratioof1:256sqft.

TENANT REFURBISHMENT WORKS

LucozadeRibenaSuntoryhaveshownacontinuedcommitmenttothebuilding.Weunderstandtheyhavespentapproximately£8.5m on refurbishing the property overthepast18monthsincludinganinstallationofnewresearchanddevelopmentcentresfittedouttoahighspecificationandafully-fitted90-seaterstaffrestaurantwithkitchenfacilities.

THE BUILDING

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ACCOMMODATION

ThepropertyhasbeenmeasuredinaccordancewiththeRICSCodeof MeasuringPractice(6thEdition)andprovidesthefollowingnetinternalareas:

FLOOR SQ FT SQ M

First 24,223 2,250.4

FirstFloorLobby 217 20.1

Ground 23,275 2,162.4

Reception 1,009 93.7

TOTAL 48,724 4,526.6

GROUND FLOOR PL AN23,275 SQ FT · 2,162.4 SQ M

LIGHTWELL LIGHTWELL RECEPTION

LONGWALK

ROAD

THE SPACE

Forindicativepurposesonly,nottoscale.N

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THE SPACE TENANCY, COVENANT & TENURE

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THE SPACE

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THE SPACE

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TENANCY, COVENANT & TENURE

TENANCYThepropertyislettoLucozade Ribena Suntory Limited whooccupythebuildingastheirHeadquarters.

Theleaseisheldonafullrepairingandinsuringbasisforatermof10years,expiring11May2025,resultinginanunexpired term certain of 8.7 years.Therepairofthewatertankstotheeastoftheroofofpropertyislimitedbywayofscheduleofcondition.

Thepropertyproducesarentalincomeof£1,515,495 per annum equating to £31.50 per sq ft(takinggroundfloorreceptionandfirstfloorlobbyareaat50%).Thenextrentreviewisatthe5thyeardated12May2020.

Thetenantiscurrentlyinarentfreeperiodexpiringon31January2017whichwillbetoppedupbythevendor.

GUARANTEE AND RENT DEPOSITTheleaseisguaranteedbySuntory Beverage & Food,asubsidiaryofSuntory Holdings Limited. A rent deposit of £437,503.50isheldunderthetermsofarentdepositdeeddated12May2015.Therentdepositistobereleasedtothetenantatanytimeafter3monthsfrom17October2018ifthetenantcanprovide3consecutiveyearsofauditedaccountsshowinggrossprofitsat3timesannualrentplusVAT.

Theguarantorisreleasedonthelaterof(i)17October2018and(ii)thedateonwhichthetenantprovidesauditedaccountsshowingnetprofitsforthreeconsecutivecompletefinancialaccountingyearsofnotlessthan3timesannualrentplusVATandnettangibleassetvalueofnotlessthan10timestheannualrentplusVAT.

TENUREThepropertyisheldfreehold.

ESTATE CHARGEThefreeholderof2LongwalkRoadcontributestothecostsofprovidingtheestateservicesonStockleyPark.Furtherdetailsareavailableonrequest.

SITEThepropertyextendstoapproximately2.45acres(0.99hectares).

LON

GW

ALK

RO

AD

For indicative purposes only.N

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TENANCY, COVENANT & TENURE

COVENANT INFORMATION

LUCOZADE RIBENA SUNTORY LIMITED (08603549)

LucozadeRibenaSuntoryLimitedisaUKlegalentityincorporatedinJuly2013.ThecompanywasformedwhenJapaneseglobalbeveragecompany,SuntoryBeverage&FoodLimited,acquiredLucozadeandRibenafor£1.35bnfromGlaxoSmithKline.Itsprincipleactivityistoproduce,marketanddistributevariouspopularbrandsofbeveragesinnon-alcoholicbeveragecategoriesincludingLucozade,Ribena,Orangina,VEnergyandTrueNopal.

LucozadeRibenaSuntoryhavebeeninoccupationsince2013andre-committedtooccupythewholeofthebuildingin2015foranadditional10years.Overthepast18months,weunderstandthatthetenanthasupgradedandrefurbishedthepropertyforapproximately£8.5m,suggestingexcellentprospectsfortenantretentiongoingforward.

D&BRating:N1

DEC 2015 DEC 2014

Turnover £424,914,000 £489,207,000

Pre-TaxProfit £72,219,000 £15,934,000

NetWorth (£326,951,000) (£387,989,000)

SUNTORY BEVERAGE & FOOD LIMITED (71-545-1514)

TheleaseisguaranteedbySuntoryBeverage&FoodLimited,whoaretheworld'sthirdlargestsoftdrinkscompanywithadiverseportfolioofglobalsoftdrinkbrandsincludingPepsi,SchweppesandMountainDew.SuntoryBeverage&FoodisregisteredinJapanandisasubsidiaryofSuntory Holdings Limited.Thecompanywasestablishedin2009andislistedontheTokyoStockExchangeandtheyhaveaMoody’s credit rating of A3 and a market capitalisation of ¥1.28trillion (£9.76billion).

SuntoryHoldingsLimitedacquiredBeamIncinJanuary2014for£12.19billiontoformtheworld'sthirdlargestpremiumspirits company Beam Suntory.2LongwalkRoadhasbeenelevatedtobecomeSuntoryBeverage&Food’sEuropeanHeadquartersofficefollowingrelocationsfromtheirpreviousofficesinBarcelonaandCentralLondon(StJames)respectively.

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STOCKLEY PARK MARKET

STOCKLEY PARK MARKET

TAKE UP

StockleyParkisapremierbusinessdestinationwithintheThamesValleyofficemarket,drivenby itsofferingofhighqualityofficeaccommodationsetwithinauniquecampusenvironment, withexcellentconnectivitytoCentralLondonandHeathrowInternationalAirport.

ThePark’ssuccessinattractingmajorcorporatecompaniesisevidentinthesignificantincrease intake-upvolumesexperiencedin2015whichtotalled181,140sqft,a93%increaseon2014. Akeydriverofthisactivitywastheregearandlettingof97,720sqftat2RoundwoodAvenue. ThistransactiondemonstratesthePark’sabilitytoattractandretainoccupierslookingforanunrivalledcorporateheadquarterofficelocation,withGileadScienceshavingalreadybeeninoccupationinthebuilding;adecisionmirroredbyotheroccupiersontheParksuchasKuehne&NagelandLucozadeRibenaSuntory.

SUPPLY & DEMAND

ThemajorityoftheParkwasconstructedinthelate1980’sand1990’s,withnonewbuildingsbeingbuiltsince2001.Consequently,demandhascontinuedtooutstripsupplywhichhasledtohistoricallylowvacancyratesonthePark,currentlystandingat3.69%.Thissupply/demandimbalancehasledtoconsistentrentalgrowth,atrendthatissettofurtherincreaseasoccupiersfactorthebenefitsofthearrivalofCrossrailin2019intotheirdecisiontorelocatetothePark,improvingconnectivityandreducingtraveltimestoCentralLondon.

ThePark’sabilitytoattractandretainlargeinternationalcorporationshasledtostronginwardinvestmentthroughthedeliveryofcirca315,000sqftofhighqualityGradeAaccommodationoverthenext18months,includingthecomprehensiverefurbishmentsof4LongwalkRoadandTheBower.TheseschemeswillassistindrivingrentsforwardwhilstfurtherreinstatingthePark'sstatusasa majorcorporateheadquarterofficelocation.

RENTS

Primeheadlinerentshaveincreasedto£33.50persqftin2016whereK2MUKLimitedareunderofferon7,804sqftonthegroundfloorat1RoundwoodAvenue.RentsareexpectedtoincreasefurtherasaresultofthedeliveryofthespeculativelyrefurbishedschemetothePark,whichisforecasttopushrentsintothehigh£30’spersqft.

AscheduleofthemostrecentlettingtransactionsontheParkareoutlinedbelow:

PROPERTY TENANT SQ FT DATE RENT PSF LEASE

1RoundwoodAvenue K2MUKLimited 7,804 U/O £33.50 5years

3RoundwoodAvenue VolgaDnepr 22,000 Jan2016 £33.00 10years

4TheSquare Hikvision 5,000 Dec2015 £32.00 10years

4TheSquare Hasbro 5,400 Dec2015 £32.00 7.5years

1RoundwoodAvenue Kuehne&Nagel 16,650 Jul2015 £31.75 10years

2LongwalkRoad LucozadeRibenaSuntory 48,724 May2015 £31.50 10years

2RoundwoodAvenue GileadSciences 97,720 Jan2015 £30.00 10years

ThesupplyconstraintsandsubstantialrentalgrowthdemonstratedintheThamesValleyhasseenanincreasedlevelofinterestinStockleyPark,withoccupierskeentominimisetheiroccupationalcostsandexploitthesub-market'sexcellentconnectivity.ThetablebelowhighlightsprimeheadlinerentsacrosscompetingThamesValleyofficemarkets,demonstratingtheopportunityforrentalgrowthonthePark:

CURRENT PRIME THAMES VALLEY HEADLINE RENTS PSF

£60.00

£50.00

£40.00

£30.00

£20.00

£10.00

£0.00

£33.50S

TO

CK

LEY

P

AR

K

£37.50

MA

IDE

NH

EA

D

£45.00

RIC

HM

ON

D

£58.00

CH

ISW

ICK

£59.00

HA

MM

ER

SM

ITH

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SOUTH EAST OFFICE INVESTMENT MARKET

TheSouthEastofficeinvestmentmarketcontinuedtostrengthenthroughout2015,withinvestmentvolumestotalling£3.4bn,representinga49%increaseon2014’stotalvolumesof£2.27bn. Themarket’ssuccesshasbeendrivenbystronginvestorappetiteduetostrengtheningoccupierdemandbalancedbyalowdevelopmentpipeline,reducedvacancyratesandsustainedrentalgrowth.

Demandhasbeenparticularlystrongforprimesecureinvestmentopportunitiesinunder-suppliedSouthEasttownswhichareconsideredtobebestplacedtobenefitfromfurtheryieldcompressionandrentalgrowth.Thisdemandcombinedwithashortageofgoodqualityinvestmentstockhasmaintained

primeyields,aidedbyinvestorspursuingopportunitiesfurtheroutsideCentralLondoninsearchforthehigherreturnstheyrequire.

TheweightofcapitaltargetingopportunitiesonStockleyParkhasremainedrobustoverthepast18months,withtheParkcontinuingtoberecognisedashavingasafehavenstatusbyinvestors.InvestmentopportunitiesontheParkarelimited,however,whenprimeopportunitiesdobecomeavailabletherecontinuestobeadepthofdemandandstrongcompetitionduetoanimprovingoccupiermarket.

RECENT OFFICE TRANSACTIONS ON STOCKLEY PARK

DATE ADDRESS SQ FT WAULT PURCHASE PRICE YIELD CAP VAL PSF PURCHASER

Dec-15 1RoundwoodAvenue 31,170 4.40 £14,790,000 6.00% £474 CCLA

Nov-15 3LongwalkRoad 108,788 11.00 £47,750,000 4.29% £439 CCLA

Jul-15 TheBower 137,500 - £27,500,000 - £200 Rockspring/Clearbell

Dec-14 2RoundwoodAvenue 97,204 10.00 £46,720,000 5.90% £480 Henderson

Aug-14 7RoundwoodAvenue 38,840 3.75 £15,800,000 7.73% £406 CCLA

Aug-14 4FurzegroundWay 39,072 11.30 £15,700,000 7.62% £402 Canada Life

RECENT OFFICE TRANSACTIONS IN THE SOUTH EAST

DATE ADDRESS SQ FT WAULT PURCHASE PRICE YIELD CAP VAL PSF PURCHASER

U/O WeyHouse,Guildford 46,000 10.50 £23,150,000 5.03% £503 GuildfordBoroughCouncil

Jun-16 SherardBuilding,Oxford 28,167 4.90 £9,000,000 6.05% £320 Private

May-16 AbbvieHouse,Maidenhead 55,958 11.50 £24,425,000 5.42% £436 Ramsala

Jan-16 TheBetaBuilding,Reading 27,162 10.30 £9,730,000 5.90% £358 MayfairCapital

Dec-15 54ClarendonRoad,Watford 29,830 4.70 £8,850,000 6.06% £297 Canada Life

Oct-15 MallardsReach,Maidenhead 37,544 5.00 £16,850,000 6.25% £449 KamesCapital

Sep-15 Velocity,Weybridge 106,400 12.20 £56,100,000 5.70% £527 Orchard Street

STOCKLEY PARK MARKET

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FURTHER INFORMATION

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FURTHER INFORMATION

CAPITAL ALLOWANCES

Furtherinformationisavailableonrequest.

VAT

WeunderstandthepropertywillbetreatedasaTransferofaGoingConcern.

PROPOSAL

Offersaresoughtinexcessof £23,000,000 (Twenty Three Million Pounds) subjecttocontractandexclusiveofVAT.

Apurchaseatthislevelreflectsa net initial yield of 6.17%afterallowingforpurchasercostsof

6.75%andcapital value of £472 per sq ft.

FURTHER INFORMATION

Forfurtherinformationortoarrangeaninspectionoftheproperty,pleasecontact:

CHRIS LEWIS 02071525554 chris.lewis@cushwake.com

MAX CLYNES 02071525710 max.clynes@cushwake.com

IMPORTANTNOTICE:Cushman&Wakefieldgivesnoticetoanyonewhomayreadtheseparticularsas follows:1.Theseparticularsarepreparedfor theguidanceonlyofprospectivepurchasers.Theyareintendedtogiveafairoveralldescriptionofthepropertybutarenotintendedtoconstitutepartofanofferorcontract.2.Anyinformationcontainedherein(whetherinthetext,plansorphotographs)isgiveningoodfaithbutshouldnotberelieduponasbeingastatementorrepresentationoffact.3.Nothingintheseparticularsshallbedeemedtobeastatementthatthepropertyisingoodconditionorotherwisenorthatanyservicesorfacilitiesareingoodworkingorder.4Thephotographsappearinginthisbrochureshowonlycertainpartsandaspectsofthepropertyatthetimewhenthephotographsweretaken.Certainaspectsmayhavechangedsincethephotographsweretakenanditshouldnotbeassumedthatthepropertyremainspreciselyasdisplayedinthephotographs.Furthermorenoassumptionsshouldbemadeinrespectofpartsofthepropertywhicharenotshowninthephotographs.5.Anyareas,measurementsordistancesreferredtohereinareapproximateonly.6.Wherethereisreferenceintheseparticularstothefactthatalterationshavebeencarriedoutorthataparticularuseismadeofanypartofthepropertythisisnotintendedtobeastatementthatanynecessaryplanning,buildingregulationsorotherconsentshavebeenobtainedandthesemattersmustbeverifiedbyanyintendingpurchaser.7.Descriptionsofapropertyareinevitablysubjectiveandthedescriptionscontainedhereinareusedingoodfaithasanopinionandnotbywayofstatementoffact.September2016

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