CATCLIFFE RETAIL PARK POPLAR WAY SHEFFIELD S60 5TR PRIME OPEN A1 RETAIL WAREHOUSE INVESTMENT 25 YEAR TERM

CATCLIFFE RETAIL PARK POPLAR WAY SHEFFIELD S60 5TR PRIME OPEN A1 RETAIL WAREHOUSE INVESTMENT 25 YEAR TERM

Investment Summary Prime Open A1 Retail Warehouse Over 1,000 car spaces Highly accessible and prominent site Enormously successful business. Boundary Mills enjoys penetration to a larger catchment than most retailers; over 1.5 million people live within a 30 minute drive time of the subject Property (385,000 within a 15 minute drive time) Very attractive rent of 7.08 per sq ft ( 920,000 per annum exclusive.) Freehold Let to Libra Textiles Ltd with 25 years remaining, benefitting from fixed rental uplifts every 5 years. Libra Textiles Ltd (trading as Boundary Mill Stores) has a Dun & Bradstreet rating of 4A 1. A corporate acquisition of the Property is possible. Further information is available on request. Proposal We have been instructed to seek offers in excess of 14,500,000 (FOURTEEN MILLION FIVE HUNDRED THOUSAND POUNDS). Subject to Contract and exclusive of VAT. A purchase at this level reflects a highly attractive net initial yield of 6.00%, allowing for usual purchaser s costs of 5.80%.

How does the Company Operate? Boundary Mill Stores is a privately owned company which began in Colne, Lancashire in 1983 and is now the largest quality Mill Store company in the UK trading from 5 locations with sales in excess of 150m. The philosophy is simple; to offer the customer quality branded goods at discount prices of between 30%-75% of RRP. The company trades from 5 sites across the UK and has over 625,000 sq ft of floor space giving over 250 retail and manufactured brands including Marks & Spencer the opportunity to successfully clear their excess stock in Ladieswear, Menswear and Home. This concept allows the concession partners to maximise their returns on excess stock whilst retaining control of their brand values with no impact on full price sales. Other brands which have store concessions include:- A concession partnership. The use of high quality corporate fixturing and point of sale ensures that brands sit in an appropriate environment with no capital investment or running costs. The concession retains the ownership of the stock and Boundary Mill Stores allocates space on the basis of prospective or actual sales and receives a commission for the provision of the space in the retail environment and sales support services. There are no minimum rental agreements or guarantees, with a simple concession rate applied to ex VAT net sales and payment made by Boundary Mill Stores to the concessions/brands weekly. Concessions make deliveries directly to each of the five stores and a limited amount of warehouse space is allocated to the brand. Stock replenishment can either be automated via a company s own management system or by a manual system. At point of sale bar coded items are scanned and processed providing each concession with daily sales and product information. The sales information is available via the internet or on the FTP site. Boundary Mills has further enhanced the customer experience by providing cafés in each of their stores. This has encouraged shoppers to travel from further away and stay in store for longer. (Colne & Grantham)

Where are the 3 SHEFFIELD 1 NEWCASTLE UPON TYNE 4 GRANTHAM 1 2 COLNE 2 3 5 4 5 WALSALL

Leeds Sheffield City Airport Sheffield City Centre Sheffield Parkway Over 60,000 vehicles drive on the A630 daily, overlooking Boundary Mills AMP Technology Centre Sarclad AMRC Rolls Royce A630 Junction 33 (1 mile away from site) TWI Technology Centre Advanced Manufacturing Park

Location & Situation Sheffield is the 4th largest city in England and serves as the principal administrative, commercial and industrial centre for South Yorkshire. The city sits 175 miles North of London, 30 miles South of Leeds, 22 miles South West of Doncaster and 7 miles South West of Rotherham. The Property occupies a strategic location on the periphery of Sheffield City Centre. It faces onto Sheffield Parkway (A630) which provides direct access to Junction 33 of the which is situated 1 mile from the site. The A630 directly links to the A57 which runs into the Eastern side of the city centre. The Property is an established out of town retail location being adjacent to a 90,000 sq ft Morrisons supermarket which also has a petrol filling station on site. Surrounding uses for the Property comprise both residential and commercial. It sits in close proximity to the Sheffield City Region Enterprise Zone; the Number 1 Enterprise Zone for the manufacturing and technology industries in the UK. Companies including Rolls Royce, Boeing, Tata Steel and Siemens have a presence here. In addition, there are a number of new home developments in progress near the site which are being undertaken by Barratt Homes. M65 BLACKBURN Bolton M61 M56 Liverpool M6 MANCHESTER M60 M66 Macclesfield Skipton Buxton NEWCASTLE-UNDER-LYME M6 A627(M) M67 Manchester Airport M62 BRADFORD A628 M606 A629 Harrogate Leeds Bradford International A619 LEEDS M621 Wakefield DERBY A1(M) M62 Barnsley A1 A635 YORK M62 NOTTINGHAM Goole J36 J3 J35/2 Robin Hood A638 Airport Rotherham 8 A1(M) A61 Bawtry J34 J33 A631 J32 A630 J31 A1 SHEFFIELD A57 Worksop A61 A619 A19 8 A18 A18 80 A614 81 Newark-on-Trent Scunthorpe Grantham Humber Bridge Lincoln KINGSTON- UPON-HULL R I V E R H U M B E R Immingham GRIMSBY Stafford LOUGHBOROUGH Drive Times 30 Minutes 45 Minutes M54 M6 Toll 60 Minutes

Catchment Over 5.5m people live within one hour of the Property (Source. CACI). The majority of this catchment population come from Executive Wealth and Steady Neighbourhoods. Sheffield is the closest major city to the Property and benefits from a primary catchment of 637,000 with over 375,000 people within a 10/15 minute drive of the Property itself. The City is further bolstered by two universities which provide a combined, transient population of 40,500 students. The population age of the City is broadly in line with the national average. The number of 16-29 year olds within the catchment is over represented whilst the number of 45-59 year olds is under represented. Demographically, the number of people classed as having a stable income exceeds the national population. TO ROTHERHAM B6067 WHITEHILL LANE A630 JUNCTION 33 8 J32 Sheffield City Airport & Heliport TO SHEFFIELD EUROPA LINK BRINSWORTH ROAD A630 SHEFFIELD PARKWAY SHEFFIELD PARKWAY A630 BRUNEL WAY POPLAR WAY Advanced Manufacturing Park B6066 SHEFFIELD LANE ORGREAVE ROAD TREETON LANE B6066

Site & Description The Property comprises a modern, purpose built retail warehouse unit which occupies a prominent position overlooking the main carriageway (A360) benefitting from good visibility. It sits adjacent to a Morrisons supermarket and fronts onto a large surface car park. Parking is shared with the supermarket and benefits from a total of 1,040 free car spaces providing a ratio of 1:209. Access to the site is shared with the supermarket and gained via a side road off the A360. The site totals 4.45 hectares (11 acres); the building site cover is approximately 25%. The main proportion of the land which houses the building and car parking is level.

Track Covenant Information Boundary Mills Stores is the trading style of Libra Textiles LTD (1000964). In the year ended 31st January 2014 the company recorded a turnover of 31,608,458, a pre-tax profit of 2,705,639 with a tangible net worth of 22,458,586. The Company has been given a Dun & Bradstreet rating of 4A 1. Tenure The Property outlined in red is held Freehold. EPC A Copy of the EPC is available upon request. ROTHERAM GATEWAY Tank Gas Governor El Sub Sta Pond Pond Tenancy Schedule Tenant Floor Areas Rent per sq ft Rent per annum Rent Review Lease subject to fixed uplifts every 5th year of term. 100,000 sq ft (Sales/Ground Floor) On 01/08/2017 the rent goes to 1,035,000 per annum ( 7.96 per sq ft) Libra Textiles Ltd t/a Boundary Mill Stores 20,000 sq ft (Back of House/ Ground Floor) 7.08 per sq ft 920,000 On 01/08/2022 the rent goes to 1,164,375 per annum ( 8.96 per sq ft) On 01/08/2027 the rent goes to 1,309,922 per annum ( 10.08 per sq ft) 10,000 sq ft (Mezzanine) On 01/08/2032 the rent goes to 1,473,662 per annum ( 11.34 per sq ft) On 01/08/2037 the rent goes to 1,657,870 per annum ( 12.75 per sq ft) Total 130,000 sq ft

Proposal We have been instructed to seek offers in excess of 14,500,000 (FOURTEEN MILLION FIVE HUNDRED THOUSAND POUNDS). Subject to Contract and exclusive of VAT. A purchase at this level reflects a highly attractive net initial yield of 6.00%, allowing for usual purchaser s costs of 5.80%. A corporate acquisition of the Property is possible. Further information is available on request. Running Yields* NIY 01/08/2017 6.75% 01/08/2022 7.59% 01/08/2027 8.54% 01/08/2032 9.61% 01/08/2037 10.81% Contact For more information please contact: Dominic Walton t 020 7861 1591 m 07818 041 670 e dominic.walton@knightfrank.com Oliver Petch t 020 7861 1107 m 07716 085 925 e oliver.petch@knightfrank.com *Assuming purchase at 6.00% net initial yield. Important Notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing ( information ) as being factually accurate about the property, its condition, its value or its ownership structure. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: Any guide prices quoted or discussed are exclusive of VAT. The VAT position relating to the property may change without notice. 5. Knight Frank LLP is not authorised by the Financial Conduct Authority to undertake Regulated Activities, other than insurance mediation, and generally acts as agent in respect of real estate property interests only. This communication is exempt from the restriction in Section 21 of the Financial Services and Markets Act 2000, on the communication of invitations or inducements to engage in investment activity by unauthorised persons, on the basis that it meets the conditions for exemption relating to such activities carried on in connection with the sale of a body corporate as set out in Article 62 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and the similar exemption relating to all Regulated Activities in Article 70 of The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. In all instances you should seek your own independent advice in relation to the sale or purchase of shares and on any corporate structure. Knight Frank LLP is not responsible for any information or opinions provided in respect of any such sale or purchase. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of members names. Date of particulars: July 2015. 04582 / 020 7355 2500 / taylerreid.co.uk