PREES INDUSTRIAL ESTATE, SHROPSHIRE SY13 2DJ

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1 ON BEHALF OF JOINT LPA RECEIVERS, JOINT TRUSTEES IN BANKRUPTCY & JOINT LIQUIDATORS SUBSTANTIAL INDUSTRIAL INVESTMENT / STRATEGIC DEVELOPMENT OPPORTUNITY

2 KEY FEATURES Established multi-let industrial estate & vehicle salvage yard Total site area of circa 21 acres (8.4 hectares) Overall accommodation of circa 170,000 sq ft (15,794 sq m) Part income producing Significant asset management / development potential (STP) Offers invited for the freehold interest LOCATION Prees is a small village in north Shropshire, close to the Welsh border. Situated on the A49 trunk road, it is circa 5 miles south of Whitchurch and 15 miles north of Shrewsbury. Nearby arterial routes include the M6 Motorway, with Junction 15 (Stoke-on-Trent) approximately 20 miles east via the A53. To the south, the M54 can be accessed either via the A49 (circa 14 miles via Shrewsbury) or the A41 (circa 26 miles). The estate is situated on Shrewsbury Street, nearby its junction with the A49 and immediately south of Prees village, the surroundings of which are largely undeveloped/agricultural land. Insert source Source: Promap

3 DESCRIPTION Prees Industrial Estate is an established mixed-use estate extending to approximately 24.4 acres (9.9 hectares) in total. The available site area extends to approximately 21 acres (8.4 hectares) and comprises circa 170,000 sq ft (15,794 sq m) of industrial and office buildings of varying construction and age. Approximately 11.8 acres of the site is open storage land, located largely along its western boundary and also in the north-east corner. This includes a broadly rectangular shaped area of circa 0.77 acres in the north-east corner known as Builders Yard, which has its own access from Shrewsbury Street thus making independent occupation possible. There is also a small marsh area in the north-west corner extending to circa 0.44 acres. USE The estate has an established use in part as a vehicle breakers and salvage yard, with the other units used for light industrial, workshop and ancillary office purposes. The estate has the benefit of an environmental permit for End of Life Vehicle and scrap metal processing activities.

4 ACCOMMODATION The available site area extends to approximately 21 acres (8.4 hectares) in total, comprising circa 170,000 sq ft (15,794 sq m) of property and 11.8 acres (4.8 hectares) of open storage land. Unit Area (sq. ft.) Area (sq. m.) 1 3, , , , a 4b 4c 4d 5 6, , , , ,029 1, , ,769 4, ,408 1, , , , ,870 2, , , TOTAL 170,637 15,852.7 Source: Promap Land TOTAL Area (acres) Area (hectares)

5 TENURE The estate is held Freehold and comprises a series of Land Registry titles. The following annotated site plan highlights the titles that are to be included in the transaction. Source: Promap

6 TENANCIES The estate comprises a number of tenancies and is currently producing a gross rent of 7, per month as detailed in the following tenancy schedule, which should be read in conjunction with the enclosed site plans. Unit Tenant Title Colour & Number Rent (per month) Rent (per annum) Area (sq. ft.) Area (sq. m.) Lease Terms Comments 1 Vacant Yellow - SL , Vacant Yellow - SL , Vacant Purple - SL , Vacant Purple - SL , a Vacant Purple - SL b Purple - SL ,870 2, c Stellex Purple - SL , , Holding over 4d Purple - SL Albemarle Dark Green - SL , , Verbal agreement Notice served to vacate on 30 Jun-15 6 Vacant Dark Green - SL , Mc Four Dark Green - SL , , , year from 21 Aug-14 8 Vacant Dark Green - SL , Albemarle Green - SL , , ,029 1,303.3 Holding over Notice served to vacate on 30 Jun Vacant Green - SL , Vacant Green - SL ,769 4, Target Feeds Green - SL , , ,408 1,803.1 Holding over 13 Vacant Green - SL , Vacant Green - SL , Albemarle Green - SL , , Verbal agreement Notice served to vacate on 30 Jun Vacant Green - SL , R Humphrey Green - SL , Verbal agreement 18 Prees Furniture Green - SL , , Verbal agreement 19 Vacant Green - SL58295 & Light Blue - SL Land: circa 1.73 acres (0.70 ha) 20 Vacant Dark Blue - SL & Red - GTS754-1/2 Land: circa 4.92 acres (1.99 ha) 21 Vacant Yellow - SL Land: circa 0.50 acres (0.20 ha) 22 Vacant Green - SL Land: circa 1.48 acres (0.60 ha) 23 Vacant Green - SL Land: circa 1.15 acres (0.47 ha) 24 Vacant Green - SL Land: circa 1.10 acres (0.45 ha) 25 Vacant Green - SL Land: circa 0.89 acres (0.36 ha) TOTAL 7, , ,637 sq ft 15,852.7 sq m 11.8 acres (4.8 hectares)

7 PLANNING The estate is classified as an Allocated Industrial Area under existing Shropshire Council Planning Policy and is located within the Development Boundary. It is understood that Shropshire has a cumulative shortfall of housing supply and that the Adopted Core Strategy of the Local Development Framework earmarks several locations for substantial future development, with Prees comprising a number of near and longer term potential development sites as recognised under the Council s Strategic Housing Land Availability Assessment (updated Jul-14). Source: North Shropshire Local Plan The estate could therefore cater for a number of alternative uses subject to planning and other consents. Shropshire Housing Trajectory Source (above and right): Shropshire Local Development Framework Strategic Housing Land Availability Assessment (July 2014) Please refer to Shropshire Council Planning Department for further information

8 TERMS Offers invited. VAT It is understood that the estate is not opted for VAT. LEGAL COSTS Each party will be expected to bear their own legal costs. ENERGY RATING Energy Performance Certificates are available on request. FURTHER INFORMATION To request a sales pack or to arrange a viewing, please contact: Nick Hammond Colliers International Main: Direct: nick.hammond@colliers.com Richard Lingen Bilfinger GVA Main: Direct: richard.lingen@gva.co.uk Disclaimer SUBJECT TO CONTRACT Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 30/04/2015 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC Our registered office is at 50 George Street, London W1U 7GA.