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7-17 Jewry Street EC3

HIGHLY REVERSIONARY MULTI-LET FREEHOLD INVESTMENT 2 3

HEADER INVESTMENT SUMMARY

Copy A WELL LET FREEHOLD WITH EXCITING REPOSITIONING OPPORTUNITIES IN A RAPIDLY CHANGING AREA OF CENTRAL LONDON WHERE THE TRADITIONAL CITY CORE MEETS THE DYNAMIC NEW MEDIA TECH WORLD OF

• Freehold.

• Located at the crossover between the increasingly vibrant Aldgate district popular with Technology Media Telecommunications (TMT) occupiers and the established City of London financial and insurance heartland.

• Close to numerous mainline and underground stations, such as Aldgate, and Tower Hill. Also close to the new station at Street (opening in 2018).

• The building comprises 45,062 sq ft of offices over ground and 7 upper floors as well as 7 basement car parking spaces.

• Multi-let to include 12 office tenants, producing a total passing rent of £1,319,326 per annum, reflecting very low average rent of approximately £28.24 per sq ft per annum for the ground and upper floor office space. All occupational leases are outside of the L&T Act 1954 (Part II).

• Well timed lease events to enable rents to be driven forward in the short to medium term with weighted average terms of 3.70 years to expiry and just over 3.11 years to breaks.

• Considerable active management, repositioning, alternative use opportunities in the short to medium term as well as significant medium to long term redevelopment potential, subject to planning.

• Offers are sought in the order of £30,850,000, subject to contract and exclusive of VAT.

• The above price reflects a net initial yield of 4.00% (assuming a purchaser’s costs at 6.77%) and a net capital value of £685 per sq ft.

• Assuming market rents of £50 per sq ft per annum on the best accommodation the reversionary yield would be in excess of 6.75%. 4 5

ROYAL THE EXCHANGE/ LLOYD’S OF FENCHURCH LEADENHALL 30 LIVERPOOL OLD SPITALFIELDS SHOREDITCH BANK LONDON STREET BUILDING ST MARY AXE STREET ALDGATE MARKET HIGH STREET ALDGATE EAST HEADER HEADER

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LOCATION

The property is located on the west side of Jewry Street, close to the junction with Fenchurch Street to the north and Crutched Friars to BOUNDARY HOUSE IS SITUATED WITHIN the south, which gives occupiers the benefit of easy access to the traditional insurance district of London. Institutions within close THE CITY OF LONDON AT THE POINT proximity include The London Underwriting Centre, Lloyd’s of London, WHERE THE TRADITIONAL FINANCIAL Lloyd’s Registry of Shipping and The London Metal Exchange. AND INSURANCE DISTRICTS MEET THE Local insurance and shipping market occupiers include Miller Group, AXA, Towergate Insurance, JLT, AIG, Lockton, Elborne Mitchell, Chubb RAPIDLY EMERGING EASTERN AREA and BMS. AROUND ALDGATE. The surrounding area to the east of Jewry Street is rapidly evolving and has attracted some of the most prominent Technology Media Telecommunications (TMT) companies in London. This area, known as Aldgate, has become home to a wide mix of occupiers such as Uber, WeWork, Tag Worldwide, Thomson Reuters, Maersk and Sky. In addition to the above, Boundary House is also within easy reach of such destinations such as the Leadenhall Market, Spitalfields Market, Brick Lane, St Katharine Docks and the Whitechapel Art Gallery, all with their vibrant mix of dining, shopping, entertainment and cultural attractions. LOCAL OCCUPIERS HEADER

Local Occupiers Copy

1. Accenture 27. Lloyd’s 2. ACE Insurance 28. Lockton 3. AIG 29. Markel International 4. Amlin 30. Miller Insurance Group 5. Aon 31. Munich RE Group 6. Arch Insurance 32. PLP Architecture. 7. Ascot Underwriting 33. QBE Europe 8. Aspen Insurance 34. Royal Bank of Scotland 9. Aviva PLC 35. RSA 10. Axis Speciality Europe 36. Salesforce 11. Beazley Group 37. SG Hambros Bank 12. Brit 38. Standard Life Investments 13. Browne Jacobson 39. Sungard Availability 14. Chubb Services 15. Clyde & Co 40. Swiss RE 16. Curzon Maritime Ltd 41. TAG Worldwide 17. Cunningham Lindsey 42. Thomas Miller 18. The Fairtrade Foundation 43. Tokio Marine Kiln 19. Gensler 44. Trinity House 20. HCC International 45. Uber 21. Hermes 46. W.R. Berkley 22. Interiors Group 47. Wells Fargo 23. JLT 48. Westpac Banking 24. Kennedys Corporation 25. Kirkland & Ellis 49. WeWork 26. LCH Clearnet 50. Willis

Restaurants & Bars

1. Omino 12. Discount Suit Company 2. Skygarden Cocktail Bar 3. Luc’s Brasserie 13. The Three Lords 4. Le Paris Grill 14. Number 49 5. Duck & Waffle 15. The Hoop & Grapes 6. The Culpeper 16. Hungry Donkey Greek 7. The Dispensary Kitchen 8. East India Arms 17. Pitt Cue 9. One Under Lime 18. Draft House Seething 10. Lamb Tavern 19. Walter & Monty 11. The Mayor of Scaredy Cat 20.WM Barker and Co Town

Hotels & Leisure

1. Virgin Active 6. Apex City of London Hotel 2. Motel One 7. Grange City Hotel 3. Hotel Indigo 8. Tower Of London 4. David Lloyd 9. St Katherine Dock 5. Chamberlain Hotel London 10 11

COMMUNICATIONS ALDGATE CHANGING

The local transport communications are excellent with Fenchurch Street Station (mainline, District and Circle Line Underground), Tower Hill and Aldgate East Underground (District and Circle Line Underground and DLR at Tower Hill) all nearby, whilst Bank Underground (Central, Northern, Waterloo & City lines and DLR) and Liverpool Street (Mainline, District & Circle and Central lines) are within close walking distance. ALDGATE IS ONE OF LONDON’S FASTEST DEVELOPING SUB-MARKETS. THE AREA HAS EVOLVED AS A MIXED USE DISTRICT AND HAS CONSEQUENTLY EXPERIENCED A Station Service Average Walking Time Distance STRONG UPSURGE IN RETAIL, CAFES, RESTAURANTS AND HOTELS TO THE LOCALITY. Aldgate Underground - Metropolitan, Circle 2 mins 210m THE BALANCE BETWEEN WORK, PLEASURE AND CONVENIENCE IS NOW ONE OF Underground - Circle, Aldgate East 5 mins 450m Hammersmith & City THE MOST APPEALING ASPECTS OF THE AREA, ATTRACTING A WIDE VARIETY OF OCCUPIER TO THE VICINITY. Fenchurch Street Overground 1.5 mins 120m

Tower Hill Underground - Circle, District 4 mins 300m

Overground, (Crossrail 2018) Liverpool Street Underground - Central, Circle, 8 mins 750m The eastern core of Aldgate has seen considerably high levels of At the northern end of Jewry Street, the Aldgate area will receive a Metropolitan, Hammersmith & City investment over recent years with over 2 million sq ft of office space having major uplift in spring 2017 as changes to the traffic layout ensure well been developed and more than 1 million sq ft of it being taken up in the thought out traffic flow, introduce pedestrian crossing points, allow easier Tower Gateway DLR 4 mins 350m last 18 months or so. In addition more than ten acres of parks, seating navigation of bus services and introduce two new public spaces on the Monument Underground - Circle, District 11 mins 804m areas and gardens are being regenerated within the proximity of Jewry eastern edge of the City of London. Street. This has been combined with over 40 new restaurants, cafes and bars, as well as numerous new hotels who add to list of local amenities The Aldgate Highway Changes and Public Realm Improvements Project close to Boundary House. Furthermore there are over 10 new residential will enhance safety for road users by improve cycling routes, pedestrian CROSSRAIL developments which will ensure a modern, vibrant, balanced environment. routes and connections whilst introducing more greenery and improving lighting in the area Crossrail is due to be delivered in 2018 and is set to revolutionise London’s East-West connections with high speed, high frequency train services. London’s overall transport capacity will increase by 10%, transporting up to 200 million people per annum, with up to 24 trains per hour in each direction at peak times.

STRATFORD FOREST GATE ROMFORD SHENFIELD STANSTED

MOORGATE/ HAYES & EALING TOTTENHAM LIVERPOOL READING HARLINGTON HANWELL BROADWAYPADDINGTON COURT ROAD STREET MARYLANDMANOR PARK

CUSTOM MAIDENHEAD SOUTHALL WEST EALINGACTON BOND STREET FARRINGDON WHITECHAPEL HOUSE ABBEY WOOD MAIN LINE

HEATHROW LUTON AIRPORT GATWICK CANARY WOOLWICH WHARF

Liverpool Street station is a short walk from Boundary House, which will have the following journey times once Crossrail services are complete in 2018.

Station Existing journey time (mins) Journey time following opening of Crossrail (mins) Canary Wharf 19 6 Whitechapel 5 2 Farringdon 4 2 Tottenham Court Road 8 4 Bond Street 11 7 Paddington 19 10 Heathrow 50 32 The Aldgate Highway Changes and Public Realm Improvements Project 12 13

LOCAL DEVELOPMENTS

Minories Estate Beagle House 1 Commercial Street 1 4C Hotels 2 Aldgate Developments 3 Redrow/Angelo Gordon THE SURROUNDING INSURANCE DISTRICT AND ALDGATE AREAS HAVE RECENTLY SEEN EXCEPTIONAL LEVELS OF INVESTMENT AND DEVELOPMENT, ATTRACTING SOME OF THE UK’S LARGEST PROPERTY COMPANIES, DEVELOPERS AND HOUSE BUILDERS.

Aldgate Tower Goodman’s Fields Matrix, Aldgate High Street 4 Aldgate Developments 5 Berkeley Homes 6 Dorsett Hospitality Heron Tower

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St Botolph Building Tower 42 4

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6 Creechurch Place 40 The Butterfly 7 5 7 8 9 The Leadenhall 1 Helical Bar/HOOPP TIAA Henderson Real Estate Fosun and Portsoken Advisors Building

Lloyds of London 11

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13 9 15 Aldgate Union 80 Fenchurch Street Dixon House, 20 10 11 12 Fenchurch Derwent London Partners Group & Marick Fenchurch Street Street Greenoak

14 Roman Wall House Royal Mint Street 9 Prescot Street 13 L+R (being sold) 14 IJM Land 15 Derwent London

RIVER THAMES 14 15

DESCRIPTION

Boundary House comprises a purpose built office building The property has undergone a rolling refurbishment programme and constructed circa mid-1950’s and is arranged over basement, ground the specification of the offices varies on the individual floors / units. A and seven upper floors. The building has a net internal area of 45,062 number of the floors (5th, 6th and pt 7th) remain as centrally heated sq ft including basement storage accommodation. offices with the remainder benefiting from air-conditioning / cooling systems (instillations dates ranging from 1998 to 2015 depending The property is of reinforced concrete framed construction with on the floor / units). The provision of raised floors, perimeter trunking reinforced concrete floors. The elevations are clad with cavity facing and suspended ceilings varies also from floor to floor. Detail on the brickwork inset with single glazed painted steel framed windows. There specification of each of the floors is available upon request. is an area of painted steel framed single glazed curtain walling to the front elevation and there is reconstituted stone cladding provided up The building benefits from 7 car parking spaces located in the to first floor level to the street facing elevations. basement of the building and accessed off the junction of Rangoon and Jewry Street. The main entrance to the building on Jewry Street leads to the reception area which has two six-person passenger lifts serving all floors with the exception of the basement and 7th floor. The building is served by three staircases with WCs located off the main staircase at each level with the exception of the ground and 7th floor. 16 17

ACCOMMODATION FLOOR PLANS

The building has been measured by Plowman Craven in accordance with the RICS Code of Measuring Practice (6th edition) to provide the 5TH 2ND following Net Internals Areas:

FLOOR AREA SQ M AREA SQ FT

7th Floor 181 1,943

6th Floor 329 3,542

5th Floor 406 4,373

4th Floor 580 6,239

3rd Floor 746 8,033

2nd Floor 745 8,031

1st Floor 686 7,381

Ground Floor 473 5,094

Basement Storage 41 426

TOTAL 4,187 45,062

There are 7 car spaces in the basement GROUND BASEMENT

A copy of the Plowman Craven report is available upon request (this includes the new IPMS 3 measurements which the vendor has opted out of for marketing purposes).

JLT Space 1

Seacrest Space 2

Seacrest Seacrest Space 7 Space 4 Ropner Space 3

JEWRY STREET JEWRY Antares Space 6

Seacrest Seacrest Storage Seacrest Storage Cage Space 5 Cage

Not to scale. For identification purposes only. 18 19

TENANT FLOOR AREA LEASE START LEASE BREAK NEXT RENT P.A. RENT PER COMMENT TENURE TENANCIES SQ FT EXPIRY DATE* REVIEW SQ FT P.A. Rent free from 25/12/2017 to 23/06/2018 and 24/06/2020 to 28/09/2020. Sub-let Holman Fenwick Willan Part 7th 888 29/09/2012 07/05/2023 25/12/2017 £12,862 £14.48 to Fidentia Insurance Brokers Ltd at £26,167 p.a.x.

Freehold. The building is multi-let to 12 office tenants with lease expires Ropner Insurance 5th, 6th & 8,970 26/12/2014 25/12/2019 £133,485 £14.88 between November 2017 and May 2023. All the leases are outside the Services Part 7th protection of the Landlord and Tenant Act 1954 (Part II). Rent free from 25/12/2017 to 23/6/2018 Holman Fenwick Willan 4th 6,239 29/09/2012 07/05/2023 25/12/2017 £149,132 £23.90 The basement car parking spaces and storage accommodation are let and 24/6/2020 to 28/09/2020. on numerous licences and there is additional income from telecom Rent free from 25/12/17 to 23/06/2018 and Holman Fenwick Willan 3rd (West) 2,311 29/09/2012 07/05/2023 25/12/2017 £52,647 £22.78 providers via roof top and basement installations. 24/6/2020 to 28/09/2020.

The tenancy schedule is outlined opposite: SQ-M2 3rd (South) 2,736 16/07/2014 15/07/2019 £100,000 £36.55

The break option is personal to Brinks Ltd Brink's 3rd (North) 2,986 15/04/2014 14/04/2019 15/04/2017 £109,135 £36.55 and there is a rent free from 15/04/2017 to 15/07/2017.

Seacrest Shipping 2nd 2,227 02/07/2014 01/07/2019 £83,038 £37.29 Company (South)

Senior Wright 2nd (North) 5,804 06/05/2014 24/03/2019 £169,180 £29.15

Grimme Butcher Jones 1st (West) 1,945 04/03/2016 03/03/2021 £87,750 £45.12

Tenant exercised break option to terminate Wings Corporate Travel 1st (North) 3,157 16/08/2014 15/08/2019 15/08/2017 £78,260 £24.79 in 15/08/2017.

Building Services Design 1st (South) 2,279 22/11/2013 21/11/2018 £66,000 £28.96

Currently being surrendered and under offer Callcredit Public Sector Ground 1,575 19/12/2012 01/06/2016** £78,750 £50.00 to re-let at £50 per sq ft on a 5 year lease (being surrendered **) (West) term**.

London Business Ground 1 month additional rent free if break is not 1,708 25/03/2016 24/03/2021 25/03/2019 £80,000 £46.84 Connections (South) activated.

Coal Intelligent Ground 1,811 30/09/2013 29/09/2018 £60,500 £33.41 Technology (North)

Rent review linked to RPI. Tenant can termi- Basement See EE Ltd & Hutchison 3G N/A 25/12/2011 24/12/2021 25/12/2016 £37,087 nate at any time on six months notice and and Roof comment Landlord on 12 months. Storage Seacrest Shipping Cages (in See See Terminable by either party on three months 426 07/07/2014 £2,500 Company basement comment comment notice. car park)

JLT Management 1 x car park- See See Terminable by either party on one months N/A 31/03/2013 £3,500 Services ing space comment comment notice.

Ropner Insurance 1 x car park- See Terminable on one months notice by either N/A 28/10/2015 25/12/2019 £2,000 Services ing space comment party after 28/4/16.

Antares Underwriting 1 x car park- See See Terminable by either party on one months N/A 28/01/2011 £3,500 Services ing space comment comment notice.

Seacrest Shipping 4 x car park- N/A 02/07/2014 01/07/2019 £10,000 Documented under occupational lease. Company ing spaces

An electricity transformer chamber. Annual UK Power Networks Basement N/A 24/07/1957 23/07/2017 - rent of 1 shilling. (Not excluded from L&T (formerly LEB) Act 1954 II).

Rent psf calculated on office Total 45,062 £1,319,326 £28.24 accommodation only.

ALL OCCUPATIONAL TENANCIES ARE HELD OUTSIDE OF THE L&T ACT 1954 (Part II) (with exception of basement transformer) NB. Details of service charge caps and rental deposits can be provided upon request. There are no anticipated service charge shortfalls for the service charge year ending June 2016. Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map *Tenant only breaks. with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved. **The ground floor west unit is currently being surrendered and under offer to re-let at £50 per sq ft on a 5 year lease term. The vendor will top up the rent free period or provide 12 month rent cover at £50 per sq ft should the letting not proceed. 20 21

Key Tenant Covenants

Holman Fenwick Willan LLP Senior Wright Ltd Ropner Insurance Services Brink’s SQ-M2 Seacrest Shipping Grimme Butcher Jones Ltd Wings Corporate Travel Company Ltd Holman Fenwick Willan Senior Wright Ltd is a Lloyd’s Ropner Insurance Services is one Brink’s, incorporated in 1969, square metre, incorporated Grimme Butcher Jones is a long Wings Travel Management LLP, founded in 1883, is an Broker established in 1983. of the leading Marine brokers is an American security and in 2002 with c. 25 staff, is Seacrest Shipping Company, established broker at Lloyds are international specialists in international law firm with over within the London market, protection company with a refurbishment and fit-out incorporated in 1961, are specialising in Aviation. offshore, marine and high-profile 450 lawyers and support staff Accounts to the 31st December incorporated in 1913. 134,000 employees worldwide. contractor working within listed, Shipping Agents with a 200-year corporate travel. (151 partners) working from 2014 show the company had residential and commercial history, 50 years of which have Accounts to the 31st December offices all over the UK. a turnover of £3,492,334 and Accounts to the 31st March Accounts to the 31st December properties. been in London. 2014 show the company had a Accounts to the 28th February total assets of £8,681,963. The 2015 show the company made 2014 show the company made a turnover of £2,706,092 and a 2015 show the company had Accounts to the 31st March 2015 company has an Experian Delphi a turnover of £7,123,051 and pre-tax profit of £2,502,000 with Accounts to the 30th December Accounts to the 30th April total assets of £20,290,024. The a turnover of £3,291,998 and show the company made a pre- Score of 82. total assets of £10,871,985. The a turnover of £36,236,000 and a 2014 show the company made 2015 show the company had company has an Experian Delphi total assets of £4,113,884. The tax profit of £49,468,000 with a company has an Experian Delphi total assets of £23,701,000. The a pre-tax profit of £473,913 with a turnover of £830,000 and a Score of 60. company has an Experian Delphi turnover of £128,903,000 and a www.seniorwright.co.uk Score of 81. company has an Experian Delphi a turnover of £21,450,060 and total assets of £789,822. The Score of 100. total assets of £80,992,000. The Score of 100. a total assets of £7,886,148. The company has an Experian Delphi www.gbj-ltd.co.uk company has an Experian Delphi www.ropnerins.co.uk company has an Experian Delphi Score of 100. www.wings.travel Score of 87. www.brinks.com Score of 75. www.hfw.com www.square-metre.com

16% 13% 10% 8% 8% 7% 7% 6% of income of income of income of income of income of income of income of income £214,641 £169,180 £133,485 £109,135 £100,000 £95,538 £87,750 £78,260

ESTIMATED MARKET COMMENTARY

TOTAL The City of London occupational office market continues to be very active. Vacancy rates are approximately 5% (c. 5.5m sq ft) which RENTAL is one of the lowest since 2001. Total take up for the year ending 2015 exceeded 7m sq ft, the second highest for some 15 years and take up for Q1 2016 has remained strong. INCOME VALUE Prime Rents currently stands at approximately £68.50 per sq ft per annum. Rental growth is forecast to continue with prime rents set to rise to £75.00 per sq ft per annum plus by 2018. £1,319,326 £2,230,000* At Boundary House rents of £45.00 per sq ft per annum on the 1st floor (west) and close to £47.00 per sq per annum on the ground floor (south) have recently been achieved. Our estimated rental value assumption of £50.00 per sq ft on the best accommodation therefore reflects good value in the City context.

*Assumes the office rents range from £45 to £50 per sq ft pa (depending on the floor/unit) and they are in a well presented condition to include air conditioning/cooling. A breakdown of the ERVs is available on request. 22 23

REPOSITIONING/REDEVELOPMENT

REPOSITIONING OPPORTUNITIES

In the short to medium term there is scope to make improvements/ The exterior of the building would also benefit from recladding of front create additional space by adopting strategies such as opening up façade and a more contemporary entrance canopy and lobby. There is floors and removing existing corridors/lobbies and removing perimeter also the possibility of adding additional floors on the western wing of heating, potential levelling the entrance and creating a ‘cut away’ on the building, subject to structure and planning permission. the ground floor allowing a basement conversion to useable office, The building provides potential for alternative uses, such as hotel studio or retail accommodation. Other asset management initiatives use, either by way of redevelopment or reconfiguration of the existing include driving rents in the short term by potential lease re-gears and building, subject to planning and relevant consents. surrenders (such as the ‘Wings’ unit on the 1st floor north) as well as re-letting the ground floor unit that is currently being surrendered.

REDEVELOPMENT OPPORTUNITIES

Lacey and Saltykov have carried out a feasibility study to provide a predominantly grade A office building on the site. The ‘base case’ scenario comprises a net internal area of approximately 75,509 sq ft over basement, ground and 11 upper floors. This scheme takes on board comments from the City of London Planning Department following a pre-application meeting in 2014 and incorporates ‘set backs’ on the top two floors. Without the ‘set backs’ the scheme could potentially provide 80,524 sq ft. The proposed scheme is subject to planning and the other assumptions as set out in the feasibility report which is available on request.

Lacey and Saltykov’s proposed approximate ‘base case’ floor by floor areas (incorporating set backs on the top two floors) are set out below:

Level GIA (sq m) GIA (sq ft) NIA (sq m) NIA (sq ft) B2 655 7,050 - - B1 584 6,286 412 4,435

Ground 501 5,393 286 3,078 CGI of development Level 1 857 9,225 687 7,395 Level 2 857 9,225 687 7,395

Level 3 857 9,225 687 7,395 Lacey + Saltykov Architects have provided these images as part of a feasibility study having received pre- Level 4 857 9,225 687 7,395 application advice from the City of London. Level 5 857 9,225 687 7,395 Level 6 725 7,804 558 6,006 Level 7 725 7,804 558 6,006

Level 8 725 7,804 558 6,006 Ground Floor Level Typical Floor (Levels 6, 7, 8, 9) Level 9 725 7,804 558 6,006 Level 10 564 6,07 1 395 4,252 Level 11 315 3,391 255 2,745 Total 9,804 105,529 7,015 75,509 24

PLANNING PROPOSAL

The site is located within the City of London. It is not located within a Our client is seeking offers in the order of £30,850,000 (thirty million, Conservation Area and of the property is not listed. eight hundred and fifty thousand pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a net initial yield of 4.00% (assuming a purchaser’s costs at 6.77%) and a net capital value £685 per sq ft.

Assuming market rents of £50 per sq ft on the best accommodation EPC the reversionary yield would be in excess of 6.75%

Boundary House has an Energy Performance Certificate (EPC) rating of D. DATAROOM

Access available upon request. VAT

The building has been elected for VAT. The sale may be treated as a Transfer of a Going Concern (TOGC) depending on the purchasers VAT status.

CONTACT & VIEWINGS

Please contact the below for further information and viewings:

Mike Pope Jeremy Trice John Morton 020 3440 9807 020 3440 9802 020 3440 9810 07799 664 945 07798 636 599 07785 960 938 [email protected] [email protected] [email protected]

Misrepresentation Act 1967: Gryphon Property Partners for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither Gryphon Property Partners nor any person in their employment 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 Misdescription Act 1991: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. May 2016

www.cube-design.co.uk (Q3464)