QUARTERLY REPORT Reporting Period: 3Q2018

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1 QUARTERLY REPORT Reporting Period: 3Q2018 Deco 11 UK Conduit 3 plc. (Deal ticker: Deco C3X)

2 Coverage Coverage Securitisation Name Loan Name Report Date IPD Date 20/07/2018 Loan as % of Total Pool 83.01% 58 Clarendon Road, Watford Contact Details SNAPSHOT OF KEY UPDATES Primary Servicer Note Trustee Situs Solutus Advisors Ltd Deutsche Trustee Company Ltd Lisa Williams Gareck Wilson Hannah Ward +44 (0) (0) (0) cmbsinvestors@situs.com Special Servicer saspecial@solutus.co.uk PDR was obtained for Wellington House, Leicester and the sale completed for 5.6m against the last valuation of 1.9m. Due to the termination of the Liquidity Facility, the Special Servicer has agreed to provide a Loan Level Liquidity Facility of 10m. Further details provided in RIS Notice published 31st October The marketing suite for Leon House is now operational and formal marketing of the units has commenced, and the development has been awarded 2nd place for "Most Innovative Redevelopment of an Existing Property" by First Time Buyer Awards Further detail has been provided by the Asset Manager on an asset by asset overview, detailed on pages 4 to 16. Loan Information Property Information Loan Work Out Summary Origination Date 22/11/2006 Location Various Date of Transfer 25/10/2012 Maturity Date 20/01/2017 Type Office Reason for Transfer LTV Breach Interest Type 3-m LIBOR Number of Assets 24 Standstill Agreement Yes Current All-in Interest Rate 1.72% Number of Leases 61 Recovery Type Asset Mgmt and Sale Origination Whole Loan Balance 231,269,250 WARLT (years)* 1.48 Administration No Origination Senior Loan Balance 231,269,250 Net Lettable Area (sqft) 1,414,767 LPA Receivership Yes Origination Junior Loan Balance 0 Current Value (OMV) 121,520,000 Appraisal Reduction? Yes Current Whole Loan Balance 216,361,058 Current Value (VPV) 87,785,000 If (Y), Reduction Amount 112,551,558 Current Senior Loan Balance 216,361,058 Date of Valuation 31/03/2016 Swap in Place No Current Junior Loan Balance 0 NOI 5,204, Indicative Unwind Cost N/A Subordinated CapEx Loan* 10,000,000 Loan Status Defaulted/Current * WARLT = Weighted Average Remaining * Non Interest Bearing - see Workout History Page 3 Lease Term Covenant Information Origination Previous Quarter Current Quarter Comment ICR Yes (annual projected) - > 1.25x 1.84x 1.72x 1.70x DSCR N/A 1.84x 1.72x 1.70x LTV Yes - < 90% 75.01% % % ICR History DSCR History LTV History 4.00x 3.00x 2.00x 1.00x 0.00x 4Q2017 1Q2018 2Q2018 3Q x 3.00x 2.00x 1.00x 0.00x 4Q2017 1Q2018 2Q2018 3Q % 100% 0% 4Q2017 1Q2018 2Q2018 3Q2018

3 % of Total Area Property Address: Various - see footer Property Strats Title Occupancy by Area Reserves* Economic Vacancy** Top Five Tenants 15 Freehold / 10 long LH 68.15% 644, % * including balance of 510k to be used for Capex only, not debt service support. **based on ERV's, or passing rent where ERV not available. 100% 80% 60% 40% 20% Occupancy History KPMG LLP IBM UK Ltd Diligenta Limited Entserv UK Limited Secretary of State for the Environment 19.0% 16.5% 11.7% 5.7% 2.4% 0% 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018 Lease Expiry Profile Top 5 Tenants as % of Total: 55% % 80.00% Valuation Information OMV / VPV (in millions) Valuer Net Initial Yield Reversionary Yield Equivalent Yield Costs of Sale as % of Purchase Price Date of Next Valuation Special Assumptions: None 123.2m/ 89.45m JLL Various Various Various 5.75% TBC 60.00% 40.00% 20.00% 0.00% AREA RENT Region Distribution 1% 25% East Midlands 23% Yorks & Humberside Greater London 1% North East South East 20% 18% South West East 8% 4% Wales Oakwell House, Barnsley S71 1HG (11), Springfield House, Barnsley S70 6HH (24), Church Walk House, Basildon SS14 1EH (10), Ty Bevan House, Cardiff CF14 5GG (19), Mountbatten House, Chatham, ME4 4JF (23), Waverley House, Clevedon BS21 6NN (20), Leon House, Croydon CR0 9XT (21), Cherry Court, Hull HU2 8LP (8), Irford House, Leeds LS14 6PA (13), Parkway House, Leeds LS14 6UZ (12), Wellington House, Leicester LE1 6HL (16), Unit 1 Pitfield, Milton Keynes MK11 3LW (18), Pear Tree House, Newbury RG14 2LU (9), Cobalt Business Park, Newcastle NE27 0QW (4), Unicorn House, North Shields NE30 1BB (25), Lynch Wood Park, Peterborough PE2 6FY (1), Northminster House, Peterborough PE1 1UA (15), Emerald Court, Peterlee SR8 2RS (5), St Aidens House, Peterlee SR8 2RS (6), Wear House, Peterlee SR8 2RS (7), Gemini Building, Peterlee SR8 2RS (17), Nelson Gate, Southampton SO15 1GX (14), Gilbridge House, Sunderland SR1 3HL (22), IBM Campus, Warwick CV34 5JL (3), 58 Clarendon Road, Watford WD17 1DA (2)

4 Work Out History and Strategy Date of last Servicer site visit: July 2016 (Various Dates) Date of last Borrower meeting: Not Applicable History: Solutus Advisors took over the role of Special Servicer from Hatfield Philips International (HPI) on 24th June The Loan has been in Special Servicing since October 2012 following the loan-to-value (LTV) event of default called by the Primary Servicer. The Valuation in August 2012 that triggered the LTV default was 116.2m. A subsequent Valuation in July 2015 provided for a Value of 136.0m. A further Valuation undertaken in March 2016 provided a Valuation of m. The LPA Receivers previously appointed were Bryn Williams and Fergus Jack, they have now been terminated and replaced by Claire Caroline Sharp. The Asset Manager and Property Manager have been replaced by FI Real Estate Management. A Security Review was commissioned and the loan security had some minor registration matters to be attended to which have now been addressed; The portfolio has circa 14m of unpaid Business Rates. The new Sponsor to the borrowing SPV's put forward a restructure proposal which was considered by Solutus as the Special Servicer and approved, see RIS Notice dated 24th October This notice includes a summary of the Restructure and Business Plan. Subordinated loan is for CapEx purposes only, and is non interest bearing. Senior loan (currently 216,361,058) continues to receive (to the extent possible from rental receipts) interest payments on the current loan balance. The ranking/waterfall on the loan principal is as follows (a) 133m to the senior loan (b) 10m subordinated CapEx loan (c) 50/50 of any further amount after payment of (a) and (b) between Deco 11 Issuer and subordinated lender. The newly appointed Asset Manager has provided an initial asset by asset strategy overview, and is required to deliver updated business plans on or prior to each IPD. Due to the unavailability of liquidity drawings from the DECO 11 Liquidity Facility, the progress of various business plan initiatives has slowed over the quarter in order to manage cash flow. After discussions with the Mapeley Borrowers, the Special Servicer has provided a Loan Level Liquidity Facility of 10,000,000 from 27th October 2017 to the Termination Date to be available for Mortgage Shortfall Drawings and Property Protection Drawings subject to certain conditions and the approval of the Special Servicer. Further details are provided in the RIS Notice published 31st October Interest Payment Date Waterfall Income Gross Rent 2,925, Service Charge 379, Insurance 1, Other 3,306, Outgoings Management Fees 293, Administration Fees - Receiver Fees 120, Property Non Recoverables* 2,115, Service Charge Costs 878, Insurance -100, Third Party Costs - 3,306, Head Rent - Net Income CapEx Loan Balance at Start Q3 5,187, CapEx Drawdown 5,069, Excess Cash Sweep to Reserve Account CapEx Loan Balance 117, Liquidity Paid via Loan Level Liquidity 1,556, Loan Level Liquidity Balance 8,443, Sale/Refinance of Core Properties 0 Sale/Refinance of Non Core Properties 3,484,393 * Includes property repairs and maintenance and professional fees Key Dates Updated Business Plan Received 20th July 2018 Liquidation Commencement Date 15th Oct 2019 Liquidation Completion Date 20th Jan 2020 Update Valuation Servicer Discretion A CVA was entered into between Mapeley Gamma Acquisition Holding Company Limited and unsecured creditors on 6th September 2017.

5 Church Walk House, Basildon Oakwell House, Barnsley Church Walk House is a self-contained three storey building. Internally the property is configured as a school with numerous classrooms and offices throughout. The tenant undertook the refurbishment to change to its current D1 educational use in The property is located on the northern edge of the retail centre of Basildon, 25 miles east of central London. SEEVIC College vacated on 31st July The property is fully vacant. Dilapidations negotiations are ongoing with previous tenant. Feasibility assessment of alternative uses being undertaken. The property comprises a purpose built detached office building with accommodation arranged over ground and first floor. There are WC and kitchen facilities upon each floor. To the rear and side of the property is a secure car park for circa 45 cars. The property is located in a small court, off Pontefract Road (A628) approximately 1.5 miles east of Barnsley town centre. The sole tenant vacated at lease end in Dec The property is being marketed for let. Office market being monitored for potential office requirements and consideration to be given to alternative uses to ascertain optimum use. Consideration to be given to any potential CapEx works that may be required and tender process commencing to assist with re-letting.

6 Springfield House, Barnsley Ty Bevan, Cardiff The subject asset consists of two separate parcels of land. The office is situated on the parcel of land to the west which extends to an approximate site area of 0.35 hectares (0.85 acres). The site to the east was formerly a car park and extends to an approximate site area of 0.26 hectares (0.64 acres). Barnsley is located within South Yorkshire on the banks of the River Dearne and lies approximately 10 miles south of Wakefield, 15 miles west of Doncaster and 12.5 miles north of Sheffield. The property consists of two sites which are located approximately 1 mile to the west of Barnsley town centre. The property is currently vacant. The property been sold for 1m, well in excess of the most recent valuation of August 2016 by JLL which had a Market Value of 100,000. The additional value is mainly attributed to the obtaining of Permitted Develpment Rights by the Asset Manager. Sales proceeds will be transferred to the Capex Reserve Account in accordance with the terms of the Restructuring Agreement. The property comprises a detached, purpose built two storey office block which is set out in a rectangular shape around an open central courtyard. There are 64 car parking spaces and the total site area is c acres. The property is located within Cardiff Business Park, an established out of town office location. The property is currently vacant. Feasibility study into alternative uses has been instructed. Consider refurbishment. Being marketed for sale/let as 4 separate blocks with Block B in lease negotiations.

7 Mountbatton House, Chatham Waverley House, Clevedon The property comprises 9 floors of office accommodation, situated above the Pentagon Shopping Centre, with 110 car parking spaces on the 5th floor of the car park. The floors are accessed by 5 passenger lifts. Chatham is located within the Medway unitary authority within the county of Kent and is the largest Medway town. Chatham is 29 miles south east of central London, 8 miles north of Maidstone and 25 miles west of Canterbury. The property is opposite Chatham Waterfront bus interchange and close to Medway Magistrates Court. The property is currently vacant. Consider alternative uses and refurbishment in order to attempt letting/sale. In discussions with Council to try an improve terms of Head Lease. Strip out is ongoing and PDR has been obtained to allow for the conversion of upper floors to residential units. The property is a modern three storey office building which sits behind a secure dedicated car parking area. The majority of the office accommodation is open plan but has been split into a number of different suites on the ground floor. There are 13 car parking spaces to the front of the building and there is a small river that runs through the centre of the site located just to the front of the building over which a footbridge connecting the car parking area. Clevedon is a seaside town located in north Somerset approximately 12 miles south-west of Bristol. The subject property is located on the south side of Old Church Road next to the Curzon Community Cinema. The property is currently vacant. Consider alternative uses and refurbishment in order to attempt letting/sale. PDR grant now achieved for change of use from offices to 21 residential units and being marketed for sale with benefit of PDR.

8 Leon House, Croydon 1. The asset is being developed based on existing PDR for conversion to 258 residential units. 2. Strip out works have completed and works have commenced in July 2017 and to be complete by Aug A 999 year lease has been granted between Mapeley Gamma and a new SPV to allow the development to be completed. 4. Bouygues UK have been appointed as contractor and are currently on site. The property comprises 21 storey office led mixed use building of 241,920 sqft building arranged over 2 interconnecting wings. There is a retail element to the ground floor consisting of 17 units. The property is located in Croydon, which is approximately 11 miles south of central London on the A23, situated on a corner site with frontage to the High Street with 3 train stations within 0.75 miles. The offices are vacant. Complete the redevelopment as per the Permitted Development Rights and Planning Permissions to convert to residential use. CAPEX 1.16m has been drawn down to cover the tender for the strip out works, which have now commenced, and associated legal and professional fees. A further 2.2m has been drawn down for professional fees for the redevelopment and to complete strip out, with a further 1.2m in escrow. 5. A senior development facility is in place to fund the project and is now being utilised to fund construction. 6. CBRE have been appointed Project Monitor by the Senior Lender and Solutus, and are providing monthly reports on the progress of the development. 7. The purchase of 39 units for approximately 13millon has completed with an institutional investor. 8. The marketing suite is now operational. 9. The development was awarded 2nd place for "Most Innovative Redevelopment of an Existing Property" by First Time Buyer Awards units have exchanged of which 35 units are 1 Bed and 36 units are 2 Bed. 11. A further 23 have been reserved of which 14 units are 1 bed and 9 units 2 bed, with the sales strategy on target. 12. The construction timetable is running to timetable with possession currently of 200 of the 263 units by way of sectional completions. 13. A Planning Partnership Agreement has been entered into with the Council and a Planning Application is being prepared for a residential development of the existing carpark for c. 350 apartments.

9 Irford House, Leeds Parkway House, Leeds The property comprises a two storey detached office building sharing a courtyard car park with the neighbouring Parkway House. To the rear there are 33 car parking spaces which is understood to be shared with the neighbouring Parkway House. The subject property is located in Seacroft, a predominantly residential suburb of Leeds lying approximately 5 miles north east of the city centre. The property is fully occupied by a single tenant and the lease expires May Continue engagement with the current tenant to be aware of their requirements and enter discussions on a reversionary lease to extend the term. The property comprises a two storey detached office building sharing a courtyard car park with the neighbouring Irford House. To the rear there are 33 car parking spaces which is understood to be shared with the neighbouring Irford House. The subject property is located in Seacroft, a predominantly residential suburb of Leeds lying approximately 5 miles north east of the city centre. The property is fully let to a single occupier and the lease expires March Lease regear has completed on a 10 year lease term with a break at the end of the 5th year at the passing rent ( 9.20/sqft) and an 8 month rent free period. As a Core property this will provide income to enable implementation of the Business Plan to maximise the value of the whole portfolio.

10 Wellington House, Leicester Kiln Farn, Milton Keynes The property comprises an early 1980's building arranged over four and five storeys within four interconnecting blocks totalling 52,699 sqft. There is private parking consisting of 17 undercroft spaces and a further 13 surface spaces. The property sits on a site of c acres. The property is situated in Leicester city centre. Wellington Street forms part of the city's professional office district with the main city centre retail provision a short walk away, as are the University of Leicester and De Montford University. The property is 100% vacant A feasibility study for alternative uses has been instructed and vacant possession has been acheived. PDR has been obtained. After marketing with the benefit of PDR the property has now been sold for 5.6m against the latest valuation which valued the asset at 1.9m. The property comprises a detached, self contained single storey office building with 46 on-site car parking spaces. Internally the office is configured as office/call centre space with a warehouse/storage area. The property is located approximately 2 miles to the north west of Milton Keynes within the Kiln Farm office and industrial area. The property is currently 63.4% occupied. Refurbishment has completed at a cost of 2m. Lease completed to Energie Property (UK) Ltd on a 15 year term for 11,814 sqft at 197,885 p.a. CAPEX CapEx works to split the building and car park have completed.

11 Pear Tree House, Newbury Cobalt Business Park, Newcastle The property comprises a purpose built 1980's industrial/warehouse building of predominantly ground floor accommodation with ancillary 1st floor offices, on a site of circa 2.11 acres. There are 35 car parking spaces to the front of the property and a further 35 spaces in a gated parking area opposite the property. Newbury is located in West Berkshire, four miles south of J13 of the M4, providing a direct road link with London, Bristol and South Wales. The property is situated to the north east of Newbury town centre and is approximately 1.75 miles from the train station. The property is fully let to a single occupier and the lease expires Feb Continue engagement with the current tenant to be aware of their requirements and enter discussions to regear closer to lease expiration. Initial discussions have commenced. The property comprises a purpose built call centre arranged over ground and mezzanine level. There are 302 dedicated car parking spaces and the property occupies its own site within the business park. Cobalt Business Park is located approximately 7 miles to the north east of Newcastle city centre. The park was within an Enterprise Zone and has been developed over the last 15 years with approx. 1.5m sqft of office accommodation. The property is fully occupied by a single tenant. The lease renewal has completed effective 29th September 2017 for a term of 10 years with a Rent Review and Break Option at the end of the 5th year at a headline rent of 11.85/sqft with half rent for the 1st two years and a further two years at half rent if the break isn't actioned. Continue engagement with the current tenant to be aware of their requirements. As a Core property this will provide income to enable implementation of the Business Plan to maximise the value of the whole portfolio.

12 Unicorn House, North Shields The Pearl Centre, Peterborough The property comprises a 3 storey detached office building on a sloping site with a central core incorporating staircases between all floors and circa 74 car parking spaces. North Shields is situated at the mouth of the River Tyne approximately 9 miles east of Newcastle upon Tyne. The subject property is located on the corner of Suez Street and Stephenson Street approximately 0.25 miles to the east of North Shields town centre. The property is currently vacant. A feasibility study has been received and currently being assessed, with alternative uses being considered. Currently being marketed for sale. The property comprises an irregular shaped 4 storey building constructed in the early 1990's on a c. 30 acre site. There is onsite parking for 1902 vehicles via both surface and undercroft parking areas. Peterborough is located in the East Midlands and has strong transport links including being within one mile of the A1 which gives good communications both south to London and north through the Midlands to Leeds and Newcastle. Lynch Wood is located to the south west of Peterborough city centre and is one of the principle out of town office locations in the city. The property is multi tenanted and 82.7% occupied. Leases have completed on 254,301 sqft (c.82.7% of total lettable area) to 7 different occupiers at rents between 13 and 15 per sqft. Remaining space is being actively marketed. Further sub division, creation of additional space and full refurbishment of common areas required at a cost of c. 12m with works to commence on completion of plans and tenders. This will significantly enhance what is currently the dominant asset in the business park and viewed as an aspirational location for businesses due to the facilities available within the property and it's surroundings. This is expected to drive occupancy and rental levels. Adjacent land has been purchased to assist with future car parking requirements as a result of the redevelopment.

13 Northminster House, Peterborough Emerald Court, Peterlee The property comprises a 'T' shaped four storey office building over 4 floors. The accommodation is arranged as three wings which lead of a central core, providing stair and lift access to all floors via two 10 person passenger lifts. There is surface and undercroft parking providing 67 spaces. The site is of circa 1.31 acres. Peterborough was designated a new town in 1968 and the subject property is located on the periphery of the town centre. The property is 53.6% vacant. The refurbishment works of the reception, core and one floor of vacant space has now been complete at a cost of 1.8M and the vacant space being marketed as refurbished office space. Continue engagement with the current tenant to be aware of their requirements and enter discussions to regear closer to lease expiration. Further refurbishment of remaining floor being considered subject to demand. The property comprises a detached two storey purpose built office with circa 240 car parking spaces, providing a large purpose built call centre. Ancillary accommodation includes canteen facilities, WC's and a double height ground floor reception. Peterlee is located in the north east of England approximately 10 miles south of Sunderland and 17 miles south east of Newcastle Upon Tyne. The property is located on Bracken Hill Business Park, a modern campus development which has been developed over the last 20 years. The Park is located to the south east of Peterlee town centre. The property is let to a single tenant, with a new lease agreed and backdated to 5th November 2016 for a term of 10 years and a rent of 7.50/sqft. Continue engagement with the current tenant to be aware of their requirements and any potential interest in re-gearing prior to lease end. The property will provide income to enable implementation of the Business Plan to maximise the value of the whole portfolio.

14 St Aidens House, Peterlee Wear House, Peterlee The property comprises a purpose built two storey detached office/call centre, constructed in the late 1990's and totalling 50,636 sqft with the benefit of 240 car parking spaces. Peterlee is located in the north east of England approximately 10 miles south of Sunderland and 17 miles south east of Newcastle Upon Tyne. The property is located on Bracken Hill Business Park, a modern campus development which has been developed over the last 20 years. The Park is located to the south east of Peterlee town centre. The property fully let to a single tenant and the lease expires end Jan Negotiations continuing with current tenant to agree terms for a lease renewal. The property comprises a two storey office building with two separate wings off a central reception area. There are 120 car parking spaces to the front, side and rear of the property. Peterlee is located in the north east of England approximately 10 miles south of Sunderland and 17 miles south east of Newcastle Upon Tyne. The property is located on Bracken Hill Business Park, a modern campus development which has been developed over the last 20 years. The Park is located to the south east of Peterlee town centre. The property is fully let to a single occupier and the lease expires Aug Continue engagement with the current tenant to be aware of their requirements and enter discussions to regear closer to lease expiration.

15 Gemini Building, Peterlee Nelson Gate, Southampton The property comprises a detached two storey purpose built office, together with circa 157 car parking spaces. Peterlee is located in the north east of England approximately 10 miles south of Sunderland and 17 miles south east of Newcastle Upon Tyne. The property is located on Bracken Hill Business Park, a modern campus development which has been developed over the last 20 years. The Park is located to the south east of Peterlee town centre. The property is currently vacant. Consider refurbishment and attempt to let/sell. Feasibility study has been instructed for a larger scheme incorporating adjoining land subject to pre-lets. The property is being actively marketed to let. The property is comprised of 3 separate office buildings with ancillary retail at lower ground floor, all of which were constructed in the 1970's and arranged around a central service yard area. They are Norwich House at 70,28 sqft over 16 floors, Frobisher House at 77,088 sqft over 7 floors and Grenville House at 20,507 sqft over 5 floors. There are 105 car parking spaces, 60 of which are leased from the council. Southampton is one of the south coast principal towns and is located 80 miles south west of London at the junction of the M27 and M3 motorways. The property is located to the north of the city in one of the two office districts, with a prominent position opposite Southampton Central Railway Station and within walking distance of the centre of Southampton. The property is 84.6% vacant. Consider alternative uses and refurbishment in order to attempt letting/sales. Tender specification being compiled for potential strip out of Norwich House and refurbishment of Grenville House core areas, once new lease terms have been agreed. Negotiations continue with the Council to improve terms of Head Lease. Planning application for redeveloped scheme is due to be issued during the course of this quarter on the basis of a mixed use development with residential, hotel, office and retail uses. Planning permission is expected in early 2019.

16 Gilbridge House, Sunderland IBM Campus, Warwick The property consists of a 4 storey office building of mainly open plan offices with a central service core and parking to the rear for approximately 35 cars. Sunderland is located on the North East Coast of England at the mouth of the River Wear, approximately 12 miles south east of Newcastle Upon Tyne and 13 miles north east of Durham. The property is located in Sunderland City Centre on High Street West, which forms one of the main shopping streets in the City Centre. The property is currently vacant. Consider alternative uses and refurbishment in order to attempt letting/sales. Potential interest for ground and first floor use by restaurant being considered alongside alternative uses. The property has been sold for 2.6m against the most recent valuation of 1.57m. The property comprises a two storey office building of 82,180 sqft and an adjoining single storey data centre of 116,725 sqft, connected by a single storey central reception area providing stair and lift access to all floors. The buildings are situated on a site of c acres including a large tarmacadam car park to the eastern and southern edges of the site. Peterborough is located in the East Midlands and has strong transport links including being within one mile of the A1 which gives good communications both south to London and north through the Midlands to Leeds and Newcastle. Lynch Wood is located to the south west of Peterborough city centre and is one of the principle out of town office locations in the city. The property is fully let to IBM and the lease expires Nov Try to regear lease and remove break in Contact with the tenant has been made by the asset manager, with further discussions to continue closer to lease expiration. Alternative uses are being considered for the data centre element.

17 58 Clarendon Road, Watford Cherry Court, Hull The property comprises a detached 4 storey office building dating from 1989 with 90,682 sq ft of predominantly open plan office accommodation and with upper and lower basement car parking providing 260 spaces in addition to 36 surface spaces. Clarendon Road stretches north to south from Watford Junction towards the High Street with the property midway between the two in what is the prime office location in Watford. Watford Junction Railway Station is approximately 200m north of the property. The property is fully let to KPMG and the lease expires end Sept Continue engagement with the current tenant to be aware of their requirements and enter discussions on a reversionary lease to extend the term. The City of Kingston Upon Hull is located within the East Riding of Yorkshire on the northern bank of the Humber Estuary. The property is in Hull city centre, situated on Ferrensway (A1079) on a main arterial road providing access to various parts of the city. The property is fully let to a single tenant and the lease expires March Attempt to regear lease on whole. Permitted Development Rights for change of use to residential has been obtained to keep options open on lease expiry.

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