FREEHOLD OFFICE INVESTMENT PINNACLE HOUSE, TRINITY ROAD, BOOTLE, LIVERPOOL L20 7JF

FREEHOLD OFFICE INVESTMENT PINNACLE HOUSE, TRINITY ROAD, BOOTLE, LIVERPOOL L20 7JF Investment Summary Character office building Majority let to Greater Merseyside Connexions Partnership Benefitting from 33 car parking spaces Passing Rent: 55,662 per annum exclusive Rent Rising to 61,590 (2015) and to 67,550 (2016) per annum exclusive Price: 375,000 subject to contract and exclusive of VAT Net Initial Yield: 14.16% (after usual purchaser s costs at 4.8%) Reversionary Yields: 15.67% and 17.19% (after usual purchaser s costs at 4.8%)

Location Bootle is a suburb of Liverpool situated 2.8 miles north of the city centre within the Borough of Sefton. Bootle town centre is the largest economic, administrative and commercial centre in Sefton and has a resident population of approximately 77,640 persons. Bootle directly serves the adjacent communities of Seaforth, Waterloo, Netherton, Orrell, Litherland and Thornton, providing central services in terms of jobs, shopping and administration. The town developed in the late 19 th and early 20 th Centuries as a result of its proximity to the River Mersey and docks. In recent years, Liverpool s northern docklands including the Port of Liverpool has become the focus of significant inward investment following Peel Holdings desire to invest 5.5 billion in the region to regenerate the area in what has been named the Liverpool Water s Project. Bootle benefits from strong communications as the A565 runs through the town and provides the principal link between Liverpool to the south and Southport to the North. The A580 East Lancashire Road provides direct access to the M57/M58 approximately 4 miles to the east of the town and on to St Helens and the M6. Situation The subject property is situated at the junction of Trinity Road and the A557 Stanley Road within Bootle town centre. Stanley Road is a popular thoroughfare which links the town with Liverpool city centre to the south and runs directly throughout the main office core of Bootle. The immediate locality is dominated by a large number of office buildings with occupiers in the immediate vicinity being mainly public sector including the Health & Safety Executive, Sefton Borough Council, Sefton PCT, the Department for Work and Pensions and Avarto, who run a number of local government contracts. Description The property comprises a former church which was converted into a two storey office building in the early 1990 s and interlinked with a modern two storey extension to the rear which was constructed on the same date as the conversion. The original church is of stone wall construction set beneath a pitched slate tiled roof incorporating the original church spire to the north eastern corner of the property. Access to the upper floors is provided by a single 8 person Rubax lift and single stairwell. The modern two storey extension appears to be of steel framed construction with stone brickwork elevations blending with the original church style, set beneath a pitched tiled roof. Internally, the office accommodation has the following specification:- Category II lighting Suspended ceiling Perimeter trunking Gas central heating Male, female and disabled WC s are located in the common areas on both ground and first floor. The property benefits from a tarmacadam car park providing approximately 33 spaces.

Accommodation The property has the following approximate floor areas and dimensions:- Ground Floor Reception Extension 131 ft² 12.15 m² Ground Floor Extension 2,339 ft² 217.28 m² First Floor Extension 2,412 ft² 224.10 m² Ground Floor Original 3,316 ft² 308.07 m² First Floor Original 3,230 ft² 300.08 m² We understand that the property sits on a site area of approximately 0.63 acres (0.26 hectares). Tenancies Part of the ground floor of the extension and the whole of first floor are let to Greater Merseyside Connexions Partnership for a term of 5 years from 1 March 2011, at a passing rent of 55,622 per annum. The lease is drawn on effective full repairing and insuring terms and the tenant has the right to park 21 cars within the car park. The rent is set to rise to 61,590 per annum in year 4 and again to 67,550 per annum in year 5. The ground floor within the old section of the building is currently vacant. Covenant Information Greater Merseyside Connexions Partnership Limited (GMCP) provides services to a wide range of young people and adult customers, who are looking for help with their career. GMCP is part funded through the Local Authority and is a social enterprise charity investing all of their resources in the delivery and improvement of independent careers information, advice, guidance and support for individuals. For further information please go to www.connexionslive.com Date 31/03/2013 31/03/2012 31/03/2011 Turnover 17,443,207 20,549,493 25,883,512 Pre-Tax Profit (Loss) (56,409) (440,942) 3,515,924 Tangible Net Worth 3,022,141 4,298,070 5,330,839 Tenure Freehold. VAT The property is elected for VAT and therefore VAT is applicable to the sale. Providing certain criteria are met, the transaction may be treated as a Transfer Of a Going Concern (TOGC).

EPC A full copy of the EPC is available for inspection if required. The Energy Performance Asset Rating is as follows:- EPC RATING BAND Proposal We are instructed to seek offers in the region of 375,000 subject to contract for our client s freehold interest in this investment. A purchase at this level will reflect a net initial yield of 14.16% after allowing for usual purchaser s costs of 4.8%. Further Information For further information or an appointment to view, then please do not hesitate to contact:- Andrew Scott DDI: 0151 242 3043 Mob: 07786 171 406 Email: andrew.scott@masonowen.com Andrew Owen DDI: 0151 242 3120 Mob: 07798 576 789 Email: andrew.owen@masonowen.com Mason Owen Gladstone House 11 Union Court Liverpool L2 4UQ Tel: 0151 242 3000 Subject to Contract & Exclusive of VAT

MISREPRESENTATION ACT 1967 Messrs. Mason Owen & Partners for themselves and for vendors or lessors of this property whose agents they are give notice that:- The particulars are set out as a general outline for the guidance of intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details, are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Messrs. Mason Owen & Partners has any authority to make or give any representation or warranty whatever in relation to this property. Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Property Misdescriptions Act 1991 These details are believed to be correct at the time of completion but may be subject to subsequent amendment