George William Price limited

Transcription

1 limited A well established property investment and management company owning 8 freehold properties A rare opportunity to acquire a clean well founded property company >

2 George Ltd The Lace Market, Nottingham INVESTMENT SUMMARY > A rare opportunity to purchase a well established clean property company owning 8 property assets within the East Midlands. > Full financial information on the company including accounts, tax computations, Returns, etc are available by entering into an NDA. > 8 property assets providing a mixed portfolio of office, retail and industrial properties. > Asset management opportunities. > Well based rentals throughout the portfolio offering prospects for rental growth. > Current income: 649,054 per annum. > Rent roll will increase to at least 704,054 per annum when the vacant suites are relet > Purchase price of the company based upon a portfolio value of 8 million. THE OSSINGTON, NEWARK > Calculated by adopting an 8% yield and applying purchasers costs of 5.8% 37 STONEY ST, NOTTINGHAM > SDLT does not apply to sales of the shareholding within the company. 39 STONEY ST, NOTTINGHAM LANGHAM PARK, CASTLE DONINGTON 2

3 George Ltd The Lace Market, Nottingham 3 GEORGE WILLIAM PRICE LT D George Limited was established in 1911 and became recognised as a worldwide name within the lace industry, trading until 1986 when the trading assets and liabilities of the company were de-merged and onwardly sold. George Limited is now a Property Management and Investment Company which looks after the 8 properties onwardly described within the property portfolio, having no external borrowing. Full financial and corporate information on George Limited is available and held within the secure data room and this information can be made fully available to interested parties upon entering into the Non Disclosure Agreement. For the financial year ending 30th June 2015 the company reported a turnover of 637,958 with profit on ordinary activities prior to taxation being 541,811. The data room also holds a full suite of the relevant property documentation including title summaries, copies of the Occupational Leases and Licences held, service charge accounts, Registration documents and EPCs where appropriate. THE OSSINGTON, NEWARK

4 George Ltd PORTFOLIO LOCATIONS Chesterfield A614 A1 The Lace Market, Nottingham A B C D E F G H 37 Stoney Street, The Lace Market, Nottingham, NG1 1LS 39 Stoney Street, The Lace Market, Nottingham, NG1 1LX Open Car Park, Woolpack Lane, Nottingham, NG1 1GH Instant Cash Loans Retail Unit / The Money Shop,, NG18 1HU Zizzi Restaurant, The Ossington, Castle Gate / Great North Road, Newark, NG24 1BH Offices of Check Point, Meadowbank Way, Eastwood, NG16 3SB Offices of TSG, Granite Way, Mountsorrel, Leicestershire, LE12 7TZ Unit A1, Langham Park Industrial Estate, Castle Donington, DE74 2UT A52 A42 MANSFIELD D A60 A6 Eastwood M1 Belper F NOTTINGHAM A B DERBY C H Castle Donington Loughborough A6 Mountsorrel M1 G A46 A46 A46 A606 A46 E NEWARK-ON-TRENT A52 Melton Mowberry Grantham A607 A1 4 M42 LEICESTER A47

5 37 STONEY STREET THE LACE MARKET, NOTTINGHAM NG1 1LS George Ltd The Lace Market, Nottingham 5

6 39 STONEY STREET THE LACE MARKET, NOTTINGHAM NG1 1LX George Ltd The Lace Market, Nottingham 6

7 37/39 STONEY STREET THE LACE MARKET, NOTTINGHAM NG1 1LS / NG1 1LX George Ltd The Lace Market, Nottingham 7 < > A6008 THEATRE ROYAL A60 A60 THE CORNER HOUSE Castle Blvd A6005 A453 Wilford Rd Castle Gate Maid Marian Way Castle Rd OLD MARKET SQ VICTORIA CENTRE NOTTINGHAM Canal St COUNCIL HOUSE Middle Hill BROADMARSH SHOPPING CENTRE A6008 BUS STATION A60 Fletcher Gate RAILWAY STATION Kent St Lower Parliment St THE LACE MARKET Canal St CANAL A6019 Stoney St A6008 Station St A60 Queens Rd Huntingdon St NATIONAL ICE CENTRE & TRENT FM ARENA A60 Lower Parliment St A60 Bellar Gate A612 A60 London Rd A60 DESCRIPTION HOME 37 STONEY STREET 39 STONEY STREET and 39 Stoney Street provide two of the most prominent and best known multi let office buildings within Nottingham s Lace Market. 37 Stoney Street offers approximately 36,000ft² of accommodation over ground, basement and three upper levels with 39 Stoney Street offering approximately 14,000ft² over ground, basement and four upper floors. Both buildings are of traditional Victorian Lace Mill architecture being constructed of brick elevations under pitched slate and flat roofs. The properties have been well refurbished offering good quality open plan offices. On and off site car parking for both buildings is provided within the car parks on Barker Gate and at Woolpack Lane. LOCATION Nottingham s quarter mile square Lace Market area is the heartbeat of Nottingham s Creative Quarter, being located on the East side of Nottingham City Centre. Its heritage, as evidenced from the area s name is based upon the lace industry. The Lace Market street scene is characterised by the traditional multi storey Victorian mill architecture and the area s heritage has in the main been retained and protected by its conservation area status. We understand that both 37 and 39 Stoney Street are listed buildings. The Lace Market now offers a vibrant and distinct mixed use location within Nottingham and its brand and attraction means that it is a business location which is identified by both professional and creative office occupiers who are attracted by the quality of the location and the character that is provided by the buildings within The Lace Market. There has been a noticeable resurgence in demand for offices within The Lace Market.

8 37/39 STONEY STREET THE LACE MARKET, NOTTINGHAM NG1 1LS / NG1 1LX George Ltd The Lace Market, Nottingham 8 TENANCY SCHEDULE 37 STONEY STREET Floor Tenant Lease Term Lease Expiry Floor Area ft 2 Rent Per Annum Rent Per ft 2 Basement Bistro Live 15 years ,200 49, Ground (right) 1 Vacant - - 2, Ground (left) Secretary of State for Work & Pensions 9 years ,200 42, First Poppleston Allen 2 10 years ,184 63, Second (right) Init Innovations in Transport Limited 3 5 years ,725 22, Second (left) Linsco Construction 4 5 years ,466 40, Third Little Fish (IT Support) 5 10 years ,200 70, Total 35, , The property has been recently been vacated by Walton and Allen as a consequence of the Tenant company entering liquidation. The suite was previously let at a rental of 30,000 per annum. It is FHP s view that the premises are capable of being re-let at a rental of 39 STONEY STREET no less than 30,000 per annum. A higher rental is achievable on refurbishment. A refurbishment programme is currently being considered. 2. The Poppleston Allen rent review is 1st April PA benefit from six months rent free with effect from 1st April 2016 and from 1st April PA can break the lease as at 31st March 2020 by serving six months notice. 3. Init have the ability to break the lease at the end of the third year. In such event that they trigger the break then a penalty of 2, is payable. 4. Linsco have the benefit of rent free periods for the months July 2016 and July 2017, i.e. two 1 month rent free periods. Floor Tenant Lease Term Lease Expiry Floor Area ft 2 Rent Per Annum Rent Per ft 2 Basement Vacant - - 1, Ground Vacant - - 1, Part Ground & First Couch Perry & Wilkes LLP 5 years ,048 29, Second Appinst Limited 3 years ,729 28, Third WT Partnership 10 years ,729 27, Fourth Cox Freeman Limited 3 years ,937 20, Total 13, , The Little Fish rent review is subject to review by reference to RPI. The maximum rental payable being 72,800 per annum. The minimum rental payable on review being 70,700 per annum. Little Fish may break in March 2020 by serving six months notice.

9 37/39 STONEY STREET THE LACE MARKET, NOTTINGHAM NG1 1LS / NG1 1LX George Ltd The Lace Market, Nottingham 9 CAR PARKING GWP Ltd own the freehold of two open tarmac surfaced car parks. The car park adjacent to 37 Stoney Street accessed from Barker Gate has 24 spaces and the car park on Woolpack Lane provides 16 car parking spaces. ASSET MANAGEMENT OPPORTUNITIES Walton and Allen have recently vacated a ground floor suite of approximately 3,000ft² within 37 Stoney Street which was previously let on a lease at 30,000 per annum. There is part of the ground floor and the basement vacant within 39 Stoney Street which offers the potential to increase the rental within the building by approximately 25,000 per annum. GWP Limited were in the process of evolving refurbishment and new marketing proposals for this accommodation which offers the ability to improve the rental tone within both buildings and create greater life / impact within the reception of 39 Stoney Street. SINKING FUNDS TO BE TRANSFERRED The property is sold with the benefit of the sinking funds accumulated which are understood to be 133,600 for 37 Stoney Street and 45,000 for 39 Stoney Street. TENANT PROFILE The Lace Market is the heart of Nottingham s Creative Quarter and is the home to a balanced mix of digital, service sector and professional companies. The Tenant mix within 37 and 39 Stoney Street is reflective of the Tenant mix within the area. Within 37 Stoney Street one finds Poppleston Allen who are nationally recognised as a leading licencing firm of Solicitors, having been formed and grown organically within Nottingham they now also have offices within London. Little Fish have recently relocated to 37 Stoney Street, having refurbished their offices to a high standard, being IT experts with offices in London, Nottingham and Manchester. On the ground floor of 37 Stoney Street one finds The Secretary of State for Works and Pensions in 4200 square feet and a vacant suite of 3,000 square feet. Linsco Specialist Recruitment Consultants and Init Innovations and Transportation Limited are located on the second floor. The strength of The Lace Market as a location which serves the property sector is demonstrated by the Tenant line up within 39 Stoney Street which is the home to Cox Freeman Limited (a well established Nottingham Architectural Practice) the Nottingham Office of WT Partnership (a national practice of Quantity Surveyors / Project Managers) and Couch Perry Wilkes who are specialists in environmental building services.

10 37/39 STONEY STREET THE LACE MARKET, NOTTINGHAM NG1 1LS / NG1 1LX George Ltd The Lace Market, Nottingham COVENANT STRENGTH The Tenants are primarily profiled as being low risk by Experian as follows: 37 STONEY STREET Tenant Risk Score (out of 100) Risk Status Bistro Live Limited 84 Low risk Linsco Limited 97 Very low risk Little Fish (UK) Ltd 94 Very low risk Poppleston Allen 71 Below average risk Init Innovations & Transportation Ltd 39 STONEY STREET Tenant 96 Very low risk Risk Score (out of 100) Risk Status Apinst Limited 30 Above average risk Couch Perry Wilkes 83 Low risk WT Partnership 91 Very low risk Cox Freeman Limited 71 Low risk TENURE It is understood that both properties and both car parks are freehold. 10

11 OPEN CAR PARK WOOLPACK LANE NOTTINGHAM NG1 1GH George Ltd The Lace Market, Notts 11

12 OPEN CAR PARK WOOLPACK LANE NOTTINGHAM NG1 1GH George Ltd The Lace Market, Notts DESCRIPTION The property comprises an open car park laid to tarmac fronting Woolpack Lane, approximately 75m from 37 Stoney Street. There are 16 marked out spaces within the car park. All of the cars are demised to Tenants within 37 / 39 Stoney Street. LOCATION The site is located within the heart of The Lace Market as previously described. ARKET SQ VICTORIA CENTRE A60 NOTTINGHAM COUNCIL HOUSE Kent St Lower Parliment St Woolpack Ln A60 Huntingdon St A60 37 Fletcher Gate THE LACE MARKET NATIONAL ICE CENTRE & TRENT FM ARENA A60 Lower Parliment St A60 Bellar Gate A612 Middle Hill BROADMARSH SHOPPING CENTRE A6008 A6008 BUS STATION Canal St Canal St CANAL A60 Station St London Rd RAILWAY STATION 12 A6019 Queens Rd

13 OPEN CAR PARK WOOLPACK LANE NOTTINGHAM NG1 1GH George Ltd The Lace Market, Notts ASSET MANAGEMENT OPPORTUNITY A number of buildings on, or in close proximity to Woolpack Lane, have been demolished and redeveloped principally for residential purposes. The site would undoubtedly present itself as an opportunity for such development. We have made no enquiries to Nottingham City Council in this regard but we would anticipate that they would be supportive of any such proposals to reinstate buildings in this location which we understand were lost through bomb damage in World War 2. 13

14 5 MARKET PLACE MANSFIELD NG18 1HZ George Ltd 14

15 5 MARKET PLACE MANSFIELD NG18 1HZ George Ltd DESCRIPTION The property comprises a mid terrace three storey retail unit with upper floors fronting Mansfield s Market Square and constructed of traditional materials of rendered elevations under a pitched roof. LOCATION The property is prominently located fronting Mansfield s Market Place, the centrepiece of Mansfield s pedestrianised Town Centre. Mansfield s relationship with both Nottingham and the M1 are important to the Town s proposed onward growth. Mansfield District Council have issued a resolution to grant planning consent for the southern urban extension of the town which will see 1,700 homes and approximately 60 acres of employment / commercial development being developed parallel with the A617 Mansfield and Ashfield Regeneration Route. 15

16 5 MARKET PLACE MANSFIELD NG18 1HZ George Ltd TENURE The property is freehold. TENANCY The property is let to Instant Cash Loans Limited on the residue of a ten year lease granted 10th February 2010 with the current rental being 20,000 per annum. The Rent Review effective 11th February 2015 is currently in hand. EPC An EPC has been commissioned and will shortly be available. 16

17 BUILDING 1 MEADOWBANK WAY EASTWOOD NG16 3SB George Ltd 17

18 BUILDING 1 MEADOWBANK WAY EASTWOOD NG16 3SB George Ltd DESCRIPTION The property comprises a detached 1980s built two storey office building constructed of brick elevations under a pitched tiled roof located within the courtyard with three similar buildings and provided with 26 car parking spaces. Internally the specification provides carpet finishes and plaster emulsioned walls with ceiling mounted fluorescent lighting. LOCATION The property is located within the Meadowbank Way employment park which is accessed off the A610 approximately 4 miles West of Junction 26 of the M1. Meadowbank Way is home to a mixture of office and warehouse users, the adjacent office buildings being occupied by HSP Engineering and Sutton Leach. Neighbouring occupiers include Royal Mail, Greene King and Warburtons Bakery. Aldercar A610 A608 Meadowbank Way Old Derby Rd Coppice Dr A608 Eastwood 18 A610

19 BUILDING 1 MEADOWBANK WAY EASTWOOD NG16 3SB FLOOR AREA George Ltd We understand that the premises have a net internal floor area of 4,458ft². LEASE The property is let on the residue of a three year lease granted 7th January 2015 drawn on fully repairing and insuring terms. The lease is contracted outside of the provisions of The Landlord and Tenant Act The current rental is 36,000 per annum ( 8.08 per ft²) which is subject to annual review by reference to RPI. 19 EPC The building has an EPC rating of D85. COVENANT Checkpoint Systems Inc employ 4,700 people worldwide providing merchandise availability solutions for the retail industry including loss prevention and merchandise visibility. The UK company is Checkpoint Systems (UK) Limited who are appraised at 49 out of 100. For the year ending 28th December 2014 the company turned over 11,117,000 showing pre-tax profit of 237,000 and reported Shareholder s funds of - 3,407,000. RENTAL EVIDENCE FHP have recently let Unit 2 Meadowbank Way, a self contained building of 3,061ft² with 17 car parking spaces to HSP Consulting Limited at a rental of 30,000 per annum ( 9.80 per ft²). The lease was granted for a ten year term incorporating reviews at the end of the 3rd, 6th and 9th years of the term and drawn on a fully repairing and insuring basis. The Tenant received a six month rent free period granted to the lease.

20 UNIT A1 LANGHAM PARK INDUSTRIAL ESTATE DE74 2UT George Ltd 20

21 UNIT A1 LANGHAM PARK INDUSTRIAL ESTATE DE74 2UT DESCRIPTION LOCATION George Ltd Unit A1 Langham Park Industrial Estate provides a steel portal framed end of terrace light industrial / warehouse located within the Langham Park Industrial Estate accessed from Trent Lane in Castle Donington. Langham Park (Castle Donington) comprises a development of 13 units constructed in three facing blocks / terraces offering units which range in size from 4,000ft² to 20,000ft². Unit A1 comprises an end of terrace unit of steel framed construction of approx 6m eaves with brick and profile clad elevations under a low pitched and sheeted insulated roof. The warehouse is accessed by a single level access service door from the front elevation with separate personnel door accessing the office and WC accommodation. Langham Park is located within the Trent Lane Industrial Estate and forming part of the wider Castle Donington Industrial Estate areas formed by Willow Farm, Trent Lane and the East Midlands Distribution Centre accessed via the A6504 from the A50(T) approximately three miles West of Junction 24 / 24a of the M1. Castle Donington sits equidistant to both Derby and Nottingham which are both approx 12 miles distant, accessed via the A38 and the A453 respectively. East Midlands Airport is located approximately 2.5 miles to the South and is accessed from Junction 23a of the M1. A50 1 The existence of the Airport (the second largest freight Airport in the UK) combined with Castle Donington s central location to Nottingham and Derby led to the growth of the Industrial Estates in the 1970s / 1980s. The area has expanded considerably since the 1990s as a consequence of the construction of the A50(T) which provides linkage between the M1 and the M6 with the ongoing development of the East Midlands Distribution Centre attracting significant occupiers and dominated by the Marks and Spencer 1 million square foot e-commerce Distribution Centre. Car parking for 6 cars is provided to the front of the property together with concrete surfaced HGV access. Trent Lane Station Road A50 24a Trent Lane Hemington Lockington M1 A Castle Donington Castle Donington 24 A6

22 UNIT A1 LANGHAM PARK INDUSTRIAL ESTATE DE74 2UT George Ltd TENURE The property is freehold. LEASE The property is let to Jaymax Leisure Limited on the residue of a five year lease granted 30th November 2012 on fully repairing and insuring terms. The current rental is 28,500 per annum ( 5.09 per ft²). Jaymax have the benefit of a rent free period December 15 February 16. FLOOR AREA The property provides a gross internal floor area of 5,597ft². EPC The building has an EPC rating of C62. COVENANT Jaymax Leisure specialise in providing drinks and snacks to the leisure and amusement markets in Great Britain. RENTAL EVIDENCE Unit B3 Langham Park was let with effect from 29th April 2015 on a five year lease at a rental of 27,000 per annum ( 5.29 per ft²). The lease was granted on fully repairing and insuring terms with the Tenant receiving six months rent free at the outset. Unit A4 Langham Park was let 1st July 2015 on a five year term to Whitehouse Construction at a rental of 22,500 per annum reflecting 5.46 per ft². The lease was drawn on fully repairing and insuring terms and no rent free was granted. 22

23 GRANITE WAY MOUNTSORREL LE12 7TZ George Ltd 23

24 GRANITE WAY MOUNTSORREL LE12 7TZ DESCRIPTION LOCATION George Ltd The property comprises a detached two storey office building of brick elevations under pitched tiled roof with aluminium powder coated double glazed windows situated within a self contained site offering a high level of onsite car parking and otherwise soft landscaped. Internally the property provides carpeted floor finishes within the office accommodation, plastered and emulsioned walls, suspended ceilings with inset lighting and comfort cooling. Male, female and disabled WC facilities are provided to both floors. The floor area is 7,756ft² (720.56m²). Mountsorrel is located approximately 3 miles South of Loughborough and 9 miles North of Leicester, accessed by the A6(T) dual carriageway. The village has a reported population of approximately 6,700 persons with the town being synonymous with Charnwood Granite. The convenience of the location and its accessibility via the A6 has led to the location being established as an office location. Shepshed A512 M1 J23 A512 Nanpanton Loughborough A6 A6004 Woodhouse Eaves Leicester Rd Mountsorrel Swithland Quorn Barrow upon Soar Granite Rd Loughborough Rd Leicester Rd A6 Sileby A46 A46 Rothley 24 A511 J22 A50 Newtown Linford A6 A46 Syston

25 GRANITE WAY MOUNTSORREL LE12 7TZ George Ltd TENURE The property is freehold. TENANCY The property is currently occupied by TSG IT Support Services on the residue of a ten year lease expiring 1st May 2016 drawn on fully repairing and insuring terms. The current rent passing is 95,000 per annum, per ft². FLOOR AREAS The property has a net internal floor area of 7,756ft². CAR PARKING 43 car parking spaces are provided on site. RELETTING STRATEGY TSG have confirmed that they intend to vacate the property at the end of the lease. They have not as of yet found new premises and it is possible that they may wish to renew on a short term basis. FHP are liaising with Mather Jamie who will be instructed to market the premises on freehold / leasehold terms with the asking terms being based off the proven rental tone of per ft² achieved on two recent lettings on adjacent office premises. 25

26 THE OSSINGTON NEWARK NG24 1BH George Ltd 26

27 THE OSSINGTON NEWARK NG24 1BH George Ltd DESCRIPTION The Ossington Building and Mews is a prominent landmark within Newark on Trent, located in a highly prominent location at the intersection of Castle Gate and the Great North Road. The Ossington comprises a Grade II Listed building of Tudor style which dates back to circa 1881 when the Vice Countess Ossington proposed the establishment of a coffee tavern within the town. GWP own the freehold of The Ossington Building and Mews which provides a Zizzi Restaurant and the adjacent Smalley and Stopps retail outlet at the ground floor, with five residential apartments occupying the upper floors of the main Ossington building with a mews of four residential units being located to the rear. The building s construction is principally brick elevations under a tiled roof with the building being famous for its feature Tudor style render and timbered elevation overlooking the River Trent and the Newark Castle. 27

28 THE OSSINGTON NEWARK NG24 1BH George Ltd 28 LOCATION The Ossington is one of the best known landmark buildings in Newark on Trent, located at the intersection of Castle Gate, London Road and the Great North Road, opposite to the remains of Newark Castle and adjacent to the River Trent. Newark on Trent is an attractive and expanding Market Town with a resident population of 25,376 accessed by the A46 / A1 intersection in North East Nottinghamshire. The Town s strategic importance has been recognized by the fact that it was designated as a Regional Growth Centre and planning consent has been granted for the Southern Relief Road which will connect the A1 with the A46 at Farndon which is planned as providing an additional 2,600 houses and approximately 200 acres allocated for employment development. The Town draws shoppers from an affluent catchment witnessed by the strength of retailing which exists within the Town and there is an ongoing demand for a number of High Street brands and restaurants seeking to gain representation within the Town. It is reported that there are some 5.7 million visitors to the Town annually with a reported non grocery spend of 358 million and a reported annual spend of 28 million from tourism.

29 THE OSSINGTON NEWARK NG24 1BH George Ltd 29 FLOOR AREAS The Ask Restaurants unit extends to 3,659ft². The Smalley and Stopps retail unit extends to 542ft². TENURE The property is freehold. EPC As the property is Listed an EPC is not required. COVENANT Ask Restaurants Limited (trading as Zizzi) are now part of the Azzurri Restaurant Group (formerly the Gondola Group). Trading restaurant brands include Zizzi and Ask Restaurants. Azzurri Group was formed after Ask and Zizzi were acquired by private equity company Bridgepoint in December 2014 for a reported figure of around 250 million. Azzurri has recently extended its restaurant portfolio by acquiring London based Italian food and coffee operator, Coco di Mama. TENANCIES The ground floor retail and restaurant premises are let to Ask Restaurants Limited who provide the anchor tenancy, trading as Zizzi on the residue of a 35 year lease from August 2000 drawn on effective fully repairing and insuring terms via service charge provisions. The current rental is 67,500 per annum. There is an outstanding Rent Review effective 30th August The adjacent ground floor retail unit is let to Tina Stopps and Charles Smalley on an effective fully repairing and insuring lease granted for five years commencing 9th February There is a tenant break clause which is effective August The current rental (subject to review as at 9th August 2015) is 8,500 per annum. Four separate residential units named The Gatehouse, The Lodge, The Keep and The Retreat within the mews to the rear. The residential units are all let on coterminous leases granted for 125 years with effect from 24th June 2001, the current annual rental payable being 100 per dwelling per annum.

30 George Ltd 30 The premises are all registered for and all relevant certification and confirmation of the Option to Tax is available within the data room. FURTHER INFORMATION Detailed information on both George Limited and the properties themselves are available within the data room and access can be provided upon receipt of a signed NDA by the relevant parties. CAPITAL GAINS TAX GWP Ltd s understanding of the costs of each property is available within the data room. PROPOSAL Purchase of the Company is based on a Portfolio value of 8 million based on an 8% yield and an allowance of 5.8% for purchasers costs. CONTACT AND FURTHER INFORMATION John Proctor FHP Property Consultants 10 Oxford Street, Nottingham NG1 5BG johnp@fhp.co.uk

31 < HOME For more information please contact: John Proctor Property Misdescriptions Act 1991 All statements contained within this brochure have been provided in good faith and are understood to be correct. Accuracy in respect of all statements cannot be guaranteed as we rely on information provided and they do not form part of any contract or warranty and accordingly: 1) Dimensions, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 2) Information on tenure of vacancies is provided in good faith and prospective purchasers should have this information verified by their solicitors prior to purchase. 3) Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate planning authority. Fisher Hargreaves Proctor do not warrant that there are no connection charges Inherent in the availability of services to the unit. Prospective purchasers should obtain written confirmation prior to entering into any contract for purchase or lease. 4) Detailed tests have not been undertaken on services, central heating installations, plumbing installations, electrical installations, etc. and purchasers/lessees should undertake independent tests as to the condition of all services and mechanical engineering installations. 5) All guide price and rental figures are quoted exclusive of unless expressly stated to the contrary. FHP 11/15. E&OE. Design by carve-design.co.uk 12105