WELL LET OFFICE INVESTMENT FOR A MINIMUM TERM OF 10 YEARS PROGRESS HOUSE DATEN PARK, BIRCHWOOD BUSINESS PARK, WARRINGTON, WA3 6SX

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1 WELL LET OFFICE INVESTMENT FOR A MINIMUM TERM OF 10 YEARS PROGRESS HOUSE DATEN PARK, BIRCHWOOD BUSINESS PARK, WARRINGTON, WA3 6SX

2 INVESTMENT SUMMARY + + Birchwood Park is the one of the largest business parks in the North West of England built modern office building, refurbished in Freehold + + Arranged over ground and first floor totalling approx 10,923 sq ft car parking spaces providing an excellent ratio of 1:248 sq ft + + Let in its entirety to Eriks Industrial Services Limited on a new 15 FR&I lease with a tenants option to break at the end of the tenth year of the term, subject to 12 months notice + + Commencing rent of 133,600 p.a. ( psf overall), subject to 5 yearly upward only rent reviews + + Strong covenant having a net worth of 27m, net assets of 31.6m and pre tax profits of 15m + + Quoting offers in excess of 1,575,000 (ONE MILLION, FIVE HUNDRED AND SEVENTY FIVE THOUSAND POUNDS), subject to contract and exclusive of VAT. + + Reflects an attractive NIY of 8% (assuming standard purchasers costs of 5.8%) + + Low capital of 144 psf

3 M6 MANCHESTER J11 M62 A574 LOCATION & SITUATION LIVERPOOL M62 J10/21A BIRCHWOOD PARK DATEN PARK Birchwood Park is one of the largest business parks in North West England, being home to 150 companies employing 5,000 people with many properties being owned by Institutional Investors. WARRINGTON & LIVERPOOL A574 M6 PADGATE ST. BIRCHWOOD ST. MANCHESTER A57 Daten Park is located within Birchwood Park, 2 minutes drive from the M62 motorway junction 11 and 4 minutes drive from the M6 motorway junction 21A providing rapid access to the North West s comprehensive regional motorway network. Manchester and Liverpool are both approximately 20 miles (32 km) away, as are both Manchester and Liverpool International Airports. Warrington Bank Quay railway station provides mainline services to London whilst Birchwood Railway Station (5 minutes drive) offers local connections. A57 J21 MANCHESTER AIRPORT LONDON & M56 Local amenities include Birchwood Shopping Centre which provides a wide range of leisure and retail facilities. M62 J11 A574 Leacroft Road Daten Park Nuvia IBM Progress House Ericsson Daten Ave

4 DESCRIPTION The property comprises a 2001 built office building totalling 10,923 sq ft arranged over ground and first floors. Internally the property boasts an impressive double height main reception area and provides open plan office space. The property has recently undergone a refurbishment and benefits from the following specification: + + Comfort cooling + + Raised floors + + Suspended ceilings + + Recessed fluorescent lighting + + WC s on both floors + + Passenger lift Externally the property benefits from an attractive landscaped environment and 44 car parking spaces (1:248 sq ft). ACCOMMODATION The property benefits from the following approximate areas: Floor Sq m Sq ft Reception Ground Floor 500 5,382 First Floor 502 5,408 Total 1, ,923

5 TENURE Freehold TENANCY The property is let in its entirety to Eriks Industrial Services Limited on a new fifteen year Full Repairing and Insuring lease, from the 11th February 2015, at a commencing rent of 133,600 per annum ( psf overall), with an upward only rent review at year five to open market value. The tenant has the option to determine the lease at the end of the tenth year of the term subject to twelve months formal prior written notice. A three month rent free period will be provided at the start of the eleventh year of the term providing the lease break is not exercised by the tenant. The tenant has a six month rent free period which will be topped up by the vendor from completion. COVENANT INFORMATION Eriks industrial services are a well-established and large technology company with offices around the country. Their principal activity is the distribution of bearings, power transmition, pneumatic and hydrolic products and other industrial consumable products together with the repair of electric motors, gearboxes and pumps. For more information please visit: Summary accounts are as follows: 31/12/13 31/12/12 31/12/11 Turnover 260,505, ,126, ,673,000 Pre Tax Profit 15,046,000 14,447,000 15,990,000 Net Worth 27,094,000 25,361,000 28,808,000 Net Assets 31,634,000 28,953,000 28,324,000 Company number:

6 EPC D 93 A copy of the certificate is available upon request. VAT The property has been elected for VAT and will be treated as a Transfer Of Going Concern (TOGC). PROPOSAL Offers in excess of 1,575,000 (ONE MILLION, FIVE HUNDRED AND SEVENTY FIVE THOUSAND POUNDS), subject to contract and exclusive of VAT. The price reflects an attractive net initial yield of 8% (assuming standard purchasers costs of 5.8%) and a low capital value of 144 psf CONTACT Finn & Company 1 Portland Place London, W1B 1PN Tel: Fax: Mathew Finn mathew@finnandcompany.co.uk Charles Curtis charles@finnandcompany.co.uk Ali Rana ali@finnandcompany.co.uk Subject to contract. Misrepresentation Act: Finn & Company for themselves and for the vendors of these properties whose agent they are give notice that:1. These particulars do not constitute, nor constitute any part of the offer for sale or contract for sale. 2. All statements contained in these particulars as to these properties are made without responsibility on the part of Finn & Co or the vendors or lessors. 3. None of the statements contained in these particulars as to these properties are to be relied on as statements or representations of fact. 4. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. Any plans or photographs or drawings shown in these particulars are to enable prospective purchasers or tenants to locate the properties. The plans are photographically reproduces and therefore not to scale except where expressly stated. The plans or photographs or drawings are not intended to depict the interest to be disposed of. Where location plans are based on Ordnance Survey maps this is with the consent of HM Stationery Office, Crown Copyright Reserved. 6. No warranty or undertaking is given in respect of the repair or condition of the properties or any items expressed to be included in the sale. 7. Any properties or drawings of the relevant properties or part thereof or the neighbouring areas may not depict the properties or the neighbouring areas at the date a prospective purchaser or tenant inspects the brochure. Prospective purchasers or tenants are strongly advised to inspect the properties and neighbouring areas. 8. Finn & Company have not measured the properties and have relied upon clients information. Therefore Finn & Co give no warranty as to their correctness or otherwise and the purchasers must rely on their own measurements.9. All terms quoted are exclusive of value added tax unless otherwise stated. 10. The vendors do not give and neither Finn & Co nor any person in their employment has any warranty whatsoever in relation to these properties. 11. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. 12. These details were prepared as of March 2015.