Camvac. Long Income Industrial Sale & Leaseback FOR SALE. Burrell Way, Thetford, Norfolk IP24 3QY INVESTMENT. Investment Summary

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1 INVESTMENT Long Income Industrial Sale & Leaseback Investment Summary Located in Thetford, a thriving market town adjacent to the A11 dual carriageway that links Newmarket/Cambridge and Norwich Situated within a key commercial area, adjacent to the A11 on the south western side of the town centre Substantial industrial facility, with factory/warehouse and separate office building on a large rectangular site Total floor area of 9, sq m (98,357 sq ft) on a site of hectares (5.311 acres) To be let to Limited for 20 years from completion Initial rent of 350,000 per annum exclusive, subject to 5-yearly upwardsonly open market rent reviews We are instructed to seek offers in excess of 3,825,000 (three million, eight hundred and twenty five thousand pounds), subject to contract and exclusive of VAT, for the freehold interest in the property. A purchase at this level would reflect a Net Initial Yield of 8.5%, having deducted purchaser s costs of 7.55%. For more information, please contact: Justin Quibell Associate +44 (0) justin.quibell@cushwake.com James Bladon Associate +44 (0) james.bladon@cushwake.com David Smeeton Partner +44 (0) david.smeeton@cushwake.com No 1 Colmore Square Birmingham B4 6AJ Telephone: +44 (0) cushmanwakefield.com

2 Location Thetford is a thriving market town located on the border of Norfolk and Suffolk, approximately 32 miles south west of Norwich, 12 miles north of Bury St Edmunds, 35 miles north east of Cambridge and 80 miles north east of London. The town has an urban area population of 24,833 people, while the population of Breckland district is 130,491 people. It has an industrial heritage dating back to the Neolithic era, but grew rapidly from the mid-20th Century, boosted by the relocation of businesses from bomb-damaged London in the 1950s. Manufacturing remains the most important sector to the local economy, accounting for 23.4% of jobs. Thetford has comprehensive transport links. It is adjacent to the A11 dual carriageway, which links Norwich with Newmarket, Cambridge (via the A14) and London (via the M11). The town has a station on the Ely-Norwich railway line and is served by regular trains to Norwich, Ely, Cambridge, Peterborough, Nottingham, Manchester and Liverpool, with connecting trains to London Liverpool Street. Stansted Airport is located approximately 55 miles to the south west, with direct access via the A11/M11 and by rail. Situation The property is situated approximately 1 mile south west of the town centre, in an established industrial/commercial area adjacent to London Road, which has also seen more recent retail warehouse development. Burrell Way is on the southern side of London Road, opposite Forest Retail Park, and approximately half-a-mile from the A11. Occupiers in the vicinity include Baxter Healthcare, TROX, Advanced Air, BOC, Howden Joinery, Plumb Center, Screwfix, Wickes, Lidl, Sainsbury s, B&Q, Currys PC World and Pets at Home. Description The property is a substantial industrial facility, the original parts of which date to the 1960s. It comprises a detached two-storey office building and separate factory building with attached warehouse on a large rectangular site. The office building has masonry elevations, with interspaced full-height cladding panels incorporating double-glazed windows, and flat roof. The specification of the offices includes: carpeted solid floors; perimeter trunking; central heating; solid ceilings; and surface-mounted lights. To the rear and at a lower level, the original factory (which has been extended) is of steel frame construction with a working height of 5m+, full-height masonry elevations and steel trusses supporting a flat roof with monitor-type rooflights. Adjoining the factory to the rear, there is a modern warehouse building of steel portal frame construction with eaves height of 5.1m, masonry/profile metal sheet cladding to the elevations and lined/lit profile metal sheet cladding to the roof. The factory, which is extensively fitted out, has several loading doors, while the warehouse has a ramped level access loading door, two dock loading doors and loading platform with canopy over. There is a car park adjacent to the office and yard at the rear of the warehouse, with 360º site circulation. Energy Performance Certificate The property has an energy performance rating of D based on a score of 82; the EPC is available upon request. Accommodation The property provides the following approximate accommodation on a Gross Internal Area basis:- Building/Element It occupies a rectangular site of approximately hectares (5.311 acres), resulting in a site coverage of 40%. Tenure The property is held freehold (title number NK89941). Tenancy The property will be let, from completion of the sale, to Limited for 20 years, with a tenant-only option to break on on the expiry of the 15 th year. The lease will be on full repairing and insuring terms, although the tenant s repair obligation will be qualified by a schedule of condition. The initial rent will be 350,000 per annum exclusive, subject to 5-yearly upwards-only open market rent reviews. Tenant Covenant Information Limited was incorporated in 2008 but traces its roots to Cambridge in the 1950s, where the business pioneered the manufacture of metalised films and laminates. The business moved to Thetford in the 1960s and, today, it produces a range of products for the packaging of liquid, processed and fresh foods and medicines, as well as insulation products, constantly innovating and seeking new applications for its products. More information can be found at Valued Added Tax The property is elected for VAT but we understand that the sale cannot be treated as a Transfer of a Going Concern. Proposal Gross Internal Area sq m sq ft Factory 6, ,376 Mezzanine Offices ,302 Warehouse 1, ,648 Office Ground Floor ,016 Office First Floor ,016 Total 9, ,567 Limited [reg no ] Year ended 30 th June Turnover 20,042,287 20,733,115 20,359,867 Pre-tax Profit/(Loss) ( 27,447) 822, ,777 Shareholders Funds 5,200,958 5,175,375 3,858,043 We are instructed to seek offers in excess of 3,825,000 (three million, eight hundred and twenty five thousand pounds), subject to contract and exclusive of VAT, for the freehold interest in the property. A purchase at this level would reflect a Net Initial Yield of 8.5%, having deducted purchaser s costs of 7.55%.

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5 Promap. Ordnance Survey Crown Copyright All rights reserved. Licence number Not to scale.

6 Promap. Ordnance Survey Crown Copyright All rights reserved. Licence number Not to scale. For identification purposes only. Important Notice Cushman & Wakefield Debenham Tie Leung Limited ("C&W") gives notice to anyone who may read these particulars as follows: 1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property only and do not constitute any part of an offer or contract. 2. Any information contained in these particulars (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact or that the property is in good condition or otherwise nor that any services or facilities are in good working order. 3. The photographs appearing in these particulars show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. Any areas, measurements or distances referred to herein are approximate only. 4. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 5. No person in the employment of C&W has any authority to make or give any representation or warranty whatsoever in relation to this property. 6. This property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT. 7. Unless otherwise stated, no investigations have been made by or on behalf of C&W regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations as required. Particulars prepared June 2018