Krone UK Headquarters, Peckfield Business Park, Leeds LS25 4DY. Strategically Located Distribution Investment Let to a Blue Chip Covenant

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1 Krone UK Headquarters, Peckfield Business Park, Leeds LS25 4DY Strategically Located Distribution Investment Let to a Blue Chip Covenant

2 Investment Summary Strategic distribution/logistics location 1.5 miles from from Junction 47 of the M1 and Junction 42 of the. Modern, high bay distribution warehouse extending to 1, sq.m (21,134 sq.ft.) Fully let to Krone UK Ltd, producing 89,800 pa ( 4.25 per sq.ft.) with a parent company guarantee from Maschinenfabrik Bernard Krone GmbH. Krone have recently completed a programme of substantial internal alterations. Offers in excess of 1,030,000 (One Million and Thirty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 8.25%, after allowing for purchasers costs of 5.73% and a low capital value of per sq.ft.

3 Leeds M1 M621 M62 Oulton Birstall Batley M62 Dewsbury Wakefield A64 Garforth A63 Monk Fryston Castleford M62 Knottingley Pontefract Location The property occupies a strategic location at the intersection of the M1 and 8 miles east of Leeds, providing unrivalled access to the national motorway network and the vital transport links between the North East and North West of England. Junction 47 of the M1 is located approximately 1.5 miles to the north, accessed via the A656 trunk road. The newly upgraded section of the Great North Road provides access to the southern motorway network via Junction 42 of the, approximately 3.5 miles to the south east. Peckfield Business Park comprises a modern development of five warehouse units constructed in 2008 by Marshall CDP. The park is fully let and other occupiers include Siemens, LDC, Nova Displays and SCD Group. A642 A1 A19 A637 A638 Hemsworth M1 South Elmsall Cawthorne Barnsley Woodlands Penistone Tankersley Wath upon Dearne

4 Description and Accommodation A642 M1 Aberford Rd A The property comprises a detached steel portal frame warehouse facility constructed in 2008, extending to 1,962.5 sq.m (21,125 sq.ft.) and including the following specification. Floor loading minimum 30Kn/sq m 7.5m to the underside of the haunch Electrically operated sectional loading doors Fully fitted offices at ground and first floor level Concrete surface loading yards Palisade security fence to yard areas 18 space car park to the front elevation Site area of hectares (1.284 acres), giving a low overall coverage ratio of 36%. Garforth B6137 Church Ln Ninelands Ln Selby Rd Church Ln Micklefield 2nd Location Ridge Rd Plan in Here Great N Road 42 In 2015 the tenant constructed additional high quality office/kitchen dining facilities and mezzanine storage. Area Area Area Sq m Sq ft Ground floor warehouse & offices ,058 First floor offices Total 1, ,134

5 Tenancy The property is let in its entirety to Krone UK Ltd on a full repairing and insuring lease for a term of 10 years without break from 10 June The passing rent is 89,800 per annum exclusive ( 4.25 per sq.ft.). The lease is guaranteed by the German parent company Maschinenfabrik Bernard Krone GmbH.

6 Tenant Covenants Founded in 2009, Krone UK Ltd are the United Kingdom arm of Maschinenfabrik Bernard Krone GmbH, one of the world s largest providers of machinery to the agricultural sector, together with parts and servicing support. Headquartered at Peckfield Business Park, their financial highlights for the past three financial years are as as follows: Year Ending Turnover Pre-tax Profit Net Assets 31 July ,550,296 97, , July ,341,901 97, , July ,191, , ,453 As at 3rd February 2016, Dun & Bradstreet report a credit score of 1A2, indicating low risk. The guarantor, Maschinenfabrik Bernard Krone GmbH were founded in Germany in Their financial highlights for the past three financial years are as as follows: Year Ending Turnover Annual Result Net Assets ( 000 s) ( 000 s) ( 000 s) 31 July ,033 19, , July ,798 30, , July ,046 26, ,302 As at 21 March 2016, Dun & Bradstreet report a credit score of 5A1, indicating minimum risk.

7 Tenure The property is held on a long leasehold from Leeds City Council for a term of 125 years from 8 July 2005 at a peppercorn rent. VAT VAT is applicable to the sale of this property, however we envisage the transaction being structured as a Transfer Of a Going Concern. Proposal We are instructed to seek offers in excess of 1, (One Million and Thirty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 8.25%, after allowing for purchaser s costs at 5.73%. Further Information For further information or to request a viewing, please contact:- S.C. Associates WestOne 114 Wellington Street Leeds LS1 1BA Simon Crawford T: M: E: simon@sc-associates.net MISREPRESENTATIONS ACT 1967 & DECLARATION SC Associates for themselves and for the vendors of this property whose agents they are give notice that: a) the particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract; b) all descriptions, dimensions, references to condition and necessary permissions for use and occupation andother details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the correctness of each of them; c) no person in the employment of SC Associates has any authority to make or give any representation or warranty whatever in relation to this property. Subject to Contract. Exclusive of VAT. April 2016