PRIME GRADE A OFFICE INVESTMENT OPPORTUNITY PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW

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1 PRIME GRADE A OFFICE INVESTMENT OPPORTUNITY PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW

2 PHOENIX HOUSE INVESTMENT SUMMARY Opportunity to acquire a Grade A office building on one of the North West s premier business parks. Phoenix House comprises 29,268 sq ft of office accommodation arranged over ground and three upper floors with 101 on-site car parking spaces. Excellent transport links being situated south of Warrington town centre with good access to the M56, M6 and M62 motorways. Warrington Bank Quay railway station and Warrington Golden Square bus station are within short walking distance. Fully let to AB SCIEX UK Ltd, Rotary Building Services Ltd and The Office of Communications at a total passing rent of 503,607 per annum ( per sq ft). Over 73% of the income secured against 5A 1 or undoubted covenants, representing minimum risk of business failure. AWULT of 4.08 years to break and 5.00 years to lease expiries. Freehold. Offers in excess of 4,975,000 (Four Million, Nine Hundred and Seventy Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 9.48% (assuming purchaser s costs of 6.59%) and a capital value of 170 per sq ft.

3 PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW LOCATION rmby A565 Bootle A494 Hawarden A483 A41 A59 M53 A550 A41 M57 LIVERPOOL Birkenhead Wrexham Liverpool A55 M58 CHESTER A495 Ellesmere A580 St.Helens A534 M56 Wigan M62 WARRINGTON Runcorn A533 A49 A51 A580 Northwich A556 Nantwich M61 A525 M56 A556 M6 Middlewich Crewe Market Drayton Oldham M62 M60 MANCHESTER A51 M60 Manchester A54 A500 A34 M6 Stockport A523 A523 A520 M67 Macclesfield A520 A6 A50 A53 Newcastle-under-Lyme Stoke-on-Trent Cheadle A628 A6 Buxton A54 Uttoxeter A623 Peak District National Park A523 A Museum St WARRINGTON BANK QUAY Slutchers Lane A5061 Wilson Patten St Ibis Court Lakeside Drive Lakeside Drive Cygnet Court Firecrest Court Bold Street Park Boulevard RIVER MERSEY Sulby Avenue A5060 Chester Road Greeba Avenue Irwell Road Rydal Avenue Derwent Rd Arpley Road Hillberry Crescent Manx Road Wandsworth Avenue A49 Astley Close River Road Burgess Avenue Old Road Astley Court A49 Fletcher Street Priory Street RIVER MERSEY Central Avenue Wharf Street A5061 Knutsford Roa d A49 Wilderspool Causeway Menin Ave Warrington is located in the county of Cheshire in the heart of the North West, between the region s principal cities, approximately 19 miles east of Liverpool and 20 miles west of Manchester. The attraction lies in the unrivalled communications and central location within the UK and the North West region. The road network means that in excess of 10 million people live within 1 hour s drive of Warrington. SITUATION Phoenix House is located on the well-established Warrington Centre Park development which is located on the southern edge of Warrington town centre, strategically positioned equidistant from the M56, M6 and M62 motorways. Warrington Centre Park is a mature business park environment that boasts excellent corporate and leisure facilities that include: 89 bed Village Hotel and Leisure Club with a 23 metre indoor pool, gymnasium and tennis facilities Travel Inn and Waterside Beefeater public house Mature landscaped areas with central lake feature Public transport links are excellent with Warrington Bank Quay railway station circa 500 metres distance and Warrington Golden Square bus station only a short walk away. Existing occupiers at Warrington Centre Park include Countryside Homes, Handelsbanken. G4S, Boulting Group, Latitude Group and New Balance.

4 PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW PRIME GRADE A OFFICE INVESTMENT OPPORTUNITY 340 MLW Path Mud Carolyn House El Sub Sta 0m 10m 20m 30m ter y Crown Copyright, ES For identification purposes only. DESCRIPTION Phoenix House is a striking Grade A office building totalling 29,268 sq ft arranged over ground and three upper floors together with on-site car parking spaces. SITE The property falls on a site area of approximately 2.32 acres (0.94 ha). ACCOMMODATION Unit Sq ft Sq M Ground Floor 7, First Floor 7, Second Floor 7, Third Floor 5, Total 29,268 2,719.06

5 PRIME GRADE A OFFICE INVESTMENT OPPORTUNITY PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW SPECIFICATION Grade A standard office fit out Clear open plan floorplates Feature reception area Air conditioning Full access raised floors Suspended ceilings incorporating LG7 compliant lighting Male, female and disabled WC s 2 x 13 person passenger lifts 101 car parking spaces (1:289 per sq ft) Penthouse balconies, galleried landings and landscaped grounds IPMS 3 measurements are available upon request.

6 PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW PRIME GRADE A OFFICE INVESTMENT OPPORTUNITY TENANCY Unit Tenant Area sq ft Total Rent pa ( psf) Lease Start Lease Expiry (Break) Rent Review Parking Spaces Comments Ground & 1st Floor* AB SCIEX UK Ltd 15, ,954 ( 17.77) 20/08/ /08/ Guaranteed by Veeder Root Finance Company. 2nd Floor Rotary Building Services Ltd 7, ,273 ( 17.39) 25/03/ /11/ rd Floor The Office of Communications 5,960 92,380 ( 15.50) 29/04/ /04/2026 (28/04/2021) 29/04/ Tenant benefitting from three months rent free from lease commencement and then a further 24 months half rent vendor to provide top up. Six months rent penalty if the break is exercised. Total 29, , *Please note the tenant does not currently occupy the 1st floor. SERVICE CHARGE A full breakdown of the service charge is available on request. TENURE Freehold.

7 PHOENIX HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RW COVENANT INFORMATION AB SCIEX UK Limited SCIEX provides integrated, reliable analytical tools to advance scientific understanding and safeguard health. 40 years of innovations in state-of-theart instrumentation, workflow solutions and support for mass spectrometry and separations science have made the company a trusted partner to thousands of scientists and lab analysts worldwide who are focused on basic research, drug discovery and development, food and environmental testing, forensics and clinical research. Further information can be found at % of Income: 55% D&B Rating: N 1 Risk of business failure: Minimum risk of business failure. Their financial position can be summarised as follows: 31 Dec Dec Dec 2012 Sales Turnover 12,094,000 8,927,000 6,717,000 Profit / (Loss) ( 73,000) 178, ,000 Tangible Net Worth ( 381,000) ( 737,000) ( 853,000) Net Current Assets (Liabilities) ( 658,000) ( 1,041,000) ( 1,385,000) VR Finance Company Veeder-Root is the world s most experienced, trusted name in fuel management monitoring over a half million tanks for major oil companies, airports, governments, package deliverers, large truck fleets, car rental companies, public utilities and thousands of service stations around the globe. Further information can be found at % of Income: 55% (Guarantor) D&B Rating: 5A 1 Risk of business failure: Minimum risk of business failure. Their financial position can be summarised as follows: 31 Dec Dec Dec 2012 Profit / (Loss) 45,720,000 41,951,000 33,977,000 Tangible Net Worth 2,887,133,000 2,931,413,000 2,889,462,000 Net Current Assets (Liabilities) 1,088,531,000 1,121,281,000 1,068,376,000 Rotary Building Services Ltd Rotary Building Services operate throughout the UK, providing innovative building and engineering services for projects worldwide from design, construction and installation to facilities management. The company has delivered some of the world s most complex and prestigious projects. Further information can be found at % of Income: 27% D&B Rating: N 2 Risk of business failure: Below average risk of business failure. Their financial position can be summarised as follows: 31 Dec Dec Dec 2013 Sales Turnover 55,607,000 48,843 60,668,000 Profit / (Loss) ( 145,000) ( 1,458,000) ( 1,565,000) Tangible Net Worth ( 11,070,000) ( 12,096,000) ( 11,666,000) Net Current Assets (Liabilities) ( 11,700,000) ( 12,626,000) ( 13,748,000) The Office of Communications Ofcom regulate the communications of TV, radio and video on demand sectors, fixed line telecoms, mobiles, postal services, plus the airwaves over which wireless devices operate. Ofcom operates under a number of Acts of Parliament, including in particular the Communications Act Ofcom must act within the powers and duties set for it by Parliament in legislation. Further information can be found at % of Income: 18% D&B Rating: O 1 (Undoubted) Risk of business failure: Minimum risk of business failure. Their financial position can be summarised as follows: 31 Dec Dec Dec 2014 Sales Turnover 120,724, ,498, ,232,000 Profit / (Loss) 1,555, ,000 3,084,000 Net Current Assets (Liabilities) 21,951,000 24,861,000 31,425,000

8 EPC The property has an EPC rating of C 54. Further information is available on request. VAT The property has been elected for VAT. VAT will therefore be payable on the purchase price. PROPOSAL We are instructed to seek offers of 4,975,000 (Four Million, Nine Hundred and Seventy Five Thousand Pounds) reflecting an attractive net initial yield of 9.48%, assuming purchaser s costs of 6.59%. A purchase at this level reflects a low capital value of 170 per sq ft. For further information or to make arrangements for viewing please contact: Alex Butler alex.butler@allsop.co.uk Jonathan Butcher jonathan.butcher@allsop.co.uk Steve Carrick steve.carrick@knightfrank.com Mike Pochin mike.pochin@knightfrank.com Misrepresentation Act: 1. Allsop LLP and Knight Frank on its own behalf and on behalf of the instructing party of this property whose agent Allsop and Knight Frank is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop or Knight Frank nor any of their members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD