SECURE AND RECENTLY REFURBISHED OFFICE INVESTMENT FOR SALE BEAUMONT HOUSE, Beaumont Road Banbury OX16 1RH CLEWS & CO CHARTERED SURVEYORS

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1 SECURE AND RECENTLY REFURBISHED OFFICE INVESTMENT FOR SALE BEAUMONT HOUSE, Beaumont Road Banbury OX16 1RH CLEWS & CO CHARTERED SURVEYORS

2 ACCOMMODATION LOCATION Modern and recently refurbished signature office building Located in prominent position and well known locally and regionally Growth prospects with Banbury having new development nearby in commercial, retail and residential sectors Large tenant investment in fitting out and improvements in 2013 & 2014 Average passing rent only 8.71/psf Very high parking ratio of 1:210 square feet Low density site of 10%. Void space on top (5th) floor is subject to interest creating further rental income. Banbury is approximately 45 miles south of Birmingham, 25 miles north of Oxford and 30 miles north west of Milton Keynes. It is located on Junction 11 of the M40 and has grown considerably since the completion of the M40 from London to Birmingham. The railway (Chiltern and Virgin Cross Country) line has also been upgraded with 4 trains per hour to London Marylebone with a journey time of 1hr 10 minutes on average. Banbury has a population of circa 48,000 and has acquired a number of major occupiers including Lloyds TSB, Kuehne + Nagel, Mondelez (Kraft Foods) and Prodrive. The recent decision by Prodrive to move to a new facility on the M40 at junction 11 has released their former site which has planning consent for a major retail development known as Banbury Gateway. Marks & Spencer and Next are reported to have already signed to occupy space there. Birmingham airport is 40 miles to the north accessed directly by train or the M40/M42. London Heathrow is 65 miles away via the M40/ M25/M4 Getmapping plc Plotted Scale - 1:1192 SAT NAV: OX16 1RH BEAUMONT ROAD WARWICK A41 A361 NORTH BAR STREET OXFORD STREET SOUTH BAR A423 SOUTHAM ROAD OXFORD C A NAL HIGH STREET SWAN CLOSE RD TRAMWAY RD Aerial View of Beaumont House M40 HENNEF WAY MIDDLETON RD CAUSEWAY BIRMINGHAM RAIL STATION RIVER CHERWELL A361 J11 BANBURY M40 A422 M1 SOUTH LONDON

3 DESCRIPTION This prominent 6 storey office building was constructed around 30 years ago and has been subject to recent refurbishment throughout. The property can be occupied as a whole, by floor or by part floor benefiting from a central services and staircase/lift core. The building has a number of key attributes including. Headquarter style reception area Substantial private car parking Eight person passenger lift Male and female toilets on each floor Disabled/visitor toilet on the ground floor. ACCOMODATION & TENANCIES We have measured the accommodation on a net internal basis in accordance with the RICS Code of Measuring Practice 6th Edition. Floor/ Description Net internal area Sq.m Net internal area Sq.ft Ground floor reception N/A N/A N/A Ground floor offices 380m 4,090 First floor offices Fifth 345m 3,710 Second floor offices 340m 3,660 Third floor offices 340m 3,660 LEASE TERMS Kuehne + Nagel Ltd. 10 years from May 2013 with tenant only break at May 2018 subject to 6 months notice and a penalty payment of 115,000 Fourth floor offices 340m 3,660 Access Uk Ltd. for 6 years from June 2013 with tenant only break on 6 month s notice at June 2017 subject to a penalty of 9,200. If the break is not exercised there is a 4 month free rent inducement in year 4 Fifth floor north suite 176m 2,350 Kuehne + Nagel Ltd. for 8 1/2 years from December 2014 at 19,000pa, with a tenant only break at May 2nd 2018 subject to 6 month s notice. If the break is not exercised there is a further 6 months free rent inducement in 2018 Fifth floor north suite 167m 1,780 Vacant and on market with interest, quoting rent 21,360( 12psf) Roof Hutchison 3G UK Ltd & T-Mobile (UK) Ltd. 8th April 2002 to 31 December 2021 at an initial rental of 8000pa subject to 3 yearly rent review to open market value or RPI. Current rent passing 10,704pa with next review at 8th April 2015

4 COVENANT Kuehne + Nagel Ltd. (Company Reg ) is part of Kuehne + Nagel International AG a leading international provider of logistics, warehousing and freight forwarding. Kuehne + Nagel is engaged in large scale dedicated distribution contracts throughout the world and in the UK comprises the business formerly known as Hays Distribution services Ltd. Kuehne + Nagel was founded in 1890, currently has 65,000 employees in approximately 100 countries throughout the world. Kuehne + Nagel are the No. 1 world wide provider of sea-freight forwarding and No. 2 world wide provider of air freight and contract logistics. Turnover for year ended Dec 2013 was 1.2bn and pre-tax profit 24.6M Access UK Ltd. (Company Reg ) is a major provider of business management software covering finance, HR, payroll and related professional services automation. Access are based in Colchester and have 15 other UK locations and offices in Dublin and Paris. Turnover for year ended June 2014 was 52.1M and profit before tax of 11.2M FLOOR AREA sq.ft. TENANT RENT /psf COMMENTS Ground 4,090 Kuehne + Nagel Ltd. First 3,710 Kuehne + Nagel Ltd. Second 3,660 Kuehne + Nagel Ltd. Third 3,660 Kuehne + Nagel Ltd. 140,000pa ( 9.25psf) Large tenant fitting out including meeting rooms, break out areas and air-conditioning Fourth 3,660 Access UK Ltd 36,800pa ( 10.05psf) Large tenant fit out Fifth 2,350 1,780 Kuehne + Nagel Ltd. Vacant Roof N/A Hutchison 3G UK Ltd & T-Mobile (UK) Ltd rent 10,704 19,000 ( 8.08psf) 21,600 ( 12.13psf) TOTAL 22, ,500pa ( 9.01psf)

5 SITE PLAN 0m 5m 10m 15m El Ordnance Survey Crown Copyright All rights reserved. Licence number Getmapping plc Plotted Scale - 1:500

6 CAPITAL ALLOWANCES Capital allowances may be available by separate negotiation. VAT The property has been elected for VAT, but we anticipate the transaction will be treated as a Transfer of a Going Concern (TOGC). PROPOSAL We are instructed to seek offers in excess of 2,200,000 (Two million two hundred thousand pounds), subject to contract only and exclusive of VAT. Assuming purchaser s costs at 5.5% a purchase at this level would reflect a net Initial Yield of 8.9% and a capital value of 101psf. ENERGY PERFORMANCE The building is rated at 98. CONTACT For further information please contact: David Clews davidclews@clewsandco.co.uk Amanda Braine Hartnell amanda@clewsandco.co.uk Piers Pollard info@pierspollard.com Clews & Co Chartered Surveyors, for themselves and for the vendors of this property, whose agents they are, give notice that (1) the particulars and any further information communicated by any means to potential purchasers of the property described in the particulars, or their advisers, in connection with the possible sale of the property are provided solely for the purpose of assisting potential purchasers in decided whether they wish to proceed with further investigation of the property and do not constitute either the whole or any part of an invitation, offer or contract for sale of the property; (ii) 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 as at the date of the particulars (or the date of the relevant information if earlier). However, potential purchasers are not entitled to rely on them as statements or representations of fact but should satisfy themselves by searches, enquiries, surveys and inspections or otherwise with regard to the accuracy of such details. No responsibility or liability is or will be accepted by Clews & Co Chartered Surveyors, the vendor(s) of the property or any of their respective subsidiaries, affiliates, directors, officers, representatives, employees, advisors, or agents for any loss or damage suffered by any party, resulting from reliance on the particulars or any other information communicated by any means to that party, or its advisers, in connection with the possible sale of the property. No person in the employment of Clews & Co Chartered Surveyors or the vendor(s) has authority to make or give any representation or warranty, express or implied, in relation to the property. References to Clews & Co Chartered Surveyors include any joint agents acting with Clews & Co Chartered Surveyors.