1. Purchaser please provide the full name and address of the proposed purchaser

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1 Robinson Layer 11 Signet Court Cambridge CB5 8LA T F robinsonlayer.co.uk CHARTERED COMMERCIAL PROPERTY SURVEYORS To parties interested in making an offer for this property, as described in the attached property particulars SUBJECT TO CONTRACT Our Ref: MBR/ April 2016 RE: 15A VINERY ROAD, CAMBRIDGE, CB1 3DN I write to confirm that my client has given me instructions to invite all interested parties to submit their best and final offer(s) for the above property by informal tender, which are to be received by 12 noon on Monday 25 April 2016 and in accordance with the following arrangements: 1. Purchaser please provide the full name and address of the proposed purchaser 2. Purchaser s Solicitor please provide the name and contact details of the purchaser s solicitor 3. Offer Price this should be made in pounds sterling as a fixed sum, and not an amount calculated by reference to any other person s offer. Multiple offers based on different assumptions and/or conditions will be considered. Offers should be made on the basis that the property is being sold as seen in its current condition. 4. Finance please confirm whether or not this is a cash offer, or provide full details of the level of funding required, together with evidence of funds available and evidence from the funding source that any required funding has been approved, plus any conditions attached to that funding. 5. Planning please confirm whether or not the offer is subject to obtaining planning permission for any alternative uses and/or buildings and if planning permission is required, full details of what will be applied for together with any evidence that this is likely to be favourably considered by the Local Planning Authority (Cambridge City Council). Offers not conditional on planning permission will be treated more favourably. 6. Conditions the offeror should confirm what other conditions (if any) apply to its offer, such as whether the offer is conditional upon any building or other surveys, the successful completion of another transaction, the timing of exchange of contracts or completion, or any other matter that is likely to have a bearing upon a successful outcome. I trust that this letter gives you adequate guidance on formulating your offer and would invite you to make your bid at the highest figure that it is worth to you, so as not to be disappointed if it sells to someone making a higher offer. I look forward to receiving your bid by letter sent or delivered to my office address - or by to mbr@robinsonlayer.co.uk - by the informal tender deadline. I do not propose to open any sealed bid until after the deadline has passed and will not reveal the contents of any offer received by to anyone until after the deadline has passed. I do not propose Partners: Peter Layer FRICS Jonathan Lager Mark Robinson MRICS Robinson Layer LLP is a limited liability partnership registered in England & Wales. Regulated by RICS. Registered Office: 11 Signet Court, Cambridge, CB5 8LA. Reg No. OC COMMERCIAL ESTATE AGENCY DEVELOPMENT & INVESTMENT LANDLORD & TENANT PROPERTY MANAGEMENT RATING & VALUATION

2 - 2 5 April 2016 to discuss any offer with anyone else other than my client and I would hope to be able to advise the successful bidder of my client s decision within a couple of days of the deadline. Finally, the vendor does not commit to selling the property to the party making the highest offer, or indeed warrant to accept any offer for the property, although it has a genuine intention to sell the property without undue delay. Yours sincerely Mark Robinson MRICS ROBINSON LAYER D M F E mbr@robinsonlayer.co.uk Enc - Property Particulars Informal Tender Letter - Vinery15a.docx page 2 of 2

3 robinsonlayer.co.uk CHARTERED COMMERCIAL PROPERTY SURVEYORS WAREHOUSE/WORKSHOP WITH DEVELOPMENT POTENTIAL Totalling 264 m² (2,865 ft²) on a site of 0.03 ha (0.079 Acre) RESIDENTIAL DEVELOPMENT SITE (SUBJECT TO PLANNING) *** BEST OFFERS BY 12 NOON ON MONDAY 25 APRIL 2016 *** 15a Vinery Road Cambridge CB1 3DN Situated in the heart of the Romsey Town area of the city just off Mill Road Approximately 1.2 miles south east of the historic city centre Currently a semi-detached warehouse/workshop with small forecourt Access from Vinery Road over minimum 3 metre wide concreted access drive Three phase electricity, mains water, mains drainage and BT telephone line Basic light steel-framed building, with brick elevations to 5 metre eaves Freehold for sale with vacant possession - Offers in excess of 250,000 Robinson Layer LLP 11 Signet Court, Cambridge CB5 8LA T F E agency@robinsonlayer.co.uk Commercial Estate Agency Development & Investment Landlord & Tenant Property Management Rating & Valuation These particulars do not constitute, nor constitute any part of, an offer or contract and are issued on the strict understanding that all negotiations are conducted through Robinson Layer. All measurements are approximate and unless stated otherwise, all prices and rents quoted are exclusive of VAT

4 15A Vinery Road, Cambridge, CB1 3DN LOCATION Vinery Road is situated on the northern side of Mill Road, one of the main routes out of the city centre and about 1.2 miles south east of the historic city centre. Mill Road is a focus for many local shops and restaurants that serve a densely developed residential area known as Romsey Town. The property is tucked behind Vinery Road and is surrounded on all sides by private gardens, having access via a minimum 3 metre wide driveway. DESCRIPTION The property comprises a rectangular semi-detached warehouse (internally approx m wide by m deep) of light steel frame construction, with single brick thick walling to an eaves height of approximately 5 metres, under a pitched uninsulated asbestos cement roof with some natural roof lights. It is of basic construction and is believed to be generally wind and watertight, but is to be sold in its current condition as seen, but cleared of stock, furniture and effects.the property sits on a site of about hectare ( acre) including the driveway. TERMS The property is for sale freehold with full vacant possession to be granted upon completion of legal formalities at offers in excess of 250,000. Preference will be given to those parties not requiring a planning consent who can demonstrate the ability to proceed with speed and certainty. LEGAL COSTS Each party to bear its own costs. VIEWING & FURTHER INFORMATION Contact: Mark Robinson MRICS DD / Mobile: / mbr@robinsonlayer.co.uk (3533/ ) FLOOR AREAS m² ft² Warehouse Ground Floor ,925 Mezzanine Areas Toilet Block Total Gross Internal Area ,865 PLANNING The property has an established use as a warehouse (Class B8) with permitted development rights extending the use to office/r&d/workshop uses without the need for planning consent. All other uses would need a new consent. We consider that the site has potential for residential development, although no enquiries have been made to the planning authority. Interested parties should satisfy themselves as to the suitability of the current planning consent - or the likelihood of getting consent - for their proposed use of the premises by contacting Cambridge City Council. BUSINESS RATES The 2010 Rateable Value is 9,400, making normal annual rates payable of 4,550, based on the 2016/17 multiplier of Occupiers qualifying for the Small Business Rates Relief Scheme will pay 2,578 pa to the next revaluation on 1 April 2017.

5 15A Vinery Road, Cambridge, CB1 3DN

6 15A Vinery Road, Cambridge, CB1 3DN The Property