Bowler Portfolio

BOWLER PORTFOLIO

SIX INDUSTRIAL PROPERTIES

BOWLER PORTFOLIO

SIX INDUSTRIAL PROPERTIES

PORTFOLIO OVERVIEW

The portfolio compromises 6 industrial properties of a single and multi-let nature throughout South Wales. The portfolio offers:

• Asset management opportunities alongside secure income • Total floor area of 851,577 sq ft • Let at a passing rent of £1,937,289 pa equating to an average rent of £2.27 psf on let area • Potential for reversion through fixed increases and rental growth • Weighted average lease term of 9.35 years to expiry and 7.62 years to break • 37% of the portfolio let to covenants with a D&B rating of 5A1

Offers in excess of £20,000,000 (Twenty Million Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 9.10% and a potential reversionary yield of 9.93% after standard purchasers costs of 6.48% and reflects a low capital value of £23.48 per sq ft. reat A438 Malvern A4103 A470 ereford A438 A483 A4172

A49 A449

A479 A40 Brecon A417 M50 A40 THE PROPERTIES A465 RossonWye A4137 A40 GLOUCESTER Brecon Beacons National Park A40 A483 Aergavenny Forest of Dean

A465 A40 A48 A470 Mertyr A4042 3 Tydfil A48 A465 Pontypool A449

M4 Blacwood M5 eat 4 wrn 5 epstow SWANSEA 6 Swansea 1 2 M48 Port Talot Pontypridd A470 aerpilly NEWPORT A433 A403 ipping A48(M) M49 Sodury A48 M4 Avonout M4 CARDIFF Pontsead M32 A4 A46 A4232 BRISTOL A420 Penart M5 Cardiff A38 A4 Barry Bristol A37 BATH WestonsuperMare A38

1 Trojan Electronics Limited, 2 Unit Superheater 3 Amnitec Limited, 4 Hawker Siddeley 5 Smurfitt Kappa UK Ltd, 6 Zodiac Seats UK Ltd Fabian Way, Kings Dock, Engineering Limited, Unit 4, Abercanaid, Switchgear Limited, Unit 22, Darren Drive, Henry Thomas House, Trojan Close, Elba Business Park, Merthyr Tydfil CCS McLays Limited, Prince of Wales Llantarnam, Cwmbran Crymlyn Burrows Elba Crescent, CF48 1UX Roydon Bottle Recycling Industrial Estate, NP44 3HB Swansea SA1 8QE Swansea SA1 8QE Limited, Blackwood Abercarn NP11 5AR Business Park, Pontllanfraith, Blackwood NP12 2XH PROPERTY SCHEDULE

1 2 3

Property Tenant Tenure Area sq ft Area Sq M Acres Total Rent £ psf ERV AWULT (certain) AWULT (expiry)

1 Fabian Way, Kings Dock, Trojan Close, Trojan Electronics Limited Virtual Freehold 182,318 16,937.76 8.19 £529,000 £2.90 £556,200 12.40 12.40 Crymlyn Burrows Swansea SA1 8QE 2 Elba Business Park, Unit Superheater Engineering Limited Virtual Freehold 85,336 7,927.91 3.79 £245,500 £2.87 £266,344 15.43 15.43 Elba Crescent, Swansea SA1 8QE

3 Unit 4, Abercanaid, Merthyr Tydfil CF48 1UX Amnitec Limited Freehold 126,293 11,732.91 6.79 £252,500 £2.00 £252,500 5.40 5.40

4 Blackwood Business Park, Hawker Siddeley Switchgear Limited (1) Freehold 302,129 28,068.47 26.14 £577,789 £1.91 £627,489 4.28 9.48 Pontllanfraith, Blackwood NP12 2XH CCS McLays Limited Roydon Bottle Recycling Limited 5 Unit 22, Darren Drive, Prince of Wales Smurfit Kappa UK Limited (2) Freehold 131,228 12,191.38 13.90 £247,500 £1.89 £328,070 0.80 0.80 Industrial Estate, Abercarn NP11 5AR 6 Henry Thomas, Llantarnam, Zodiac Seats UK Limited Freehold 24,273 2,255.02 2.30 £85,000 £3.50 £85,000 3.61 8.61 Cwmbran NP44 3HB

TOTAL 851,577 79,113.45 61.11 £1,937,289 £2.27 £2,115,603 7.62 9.35

(1) New lease in solicitor’s hands. (2) New lease in negotiations.

4 5 6 1 TROJAN ELECTRONICS LIMITED, FABIAN WAY, KINGS DOCK, TROJAN CLOSE, CRYMLYN BURROWS SWANSEA SA1 8QE SWANSEA

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Investment Rationale • Located in Swansea, the second largest City in Wales • Benefit from fixed rental increases • Modern distribution unit close to the Amazon hub • Further development opportunities at the front of the site • Let to Trojan Electronics Limited for over 12 years unexpired © Crown Copyright, ES 100004106. For identification purposes only.

LOCATION SITUATION DESCRIPTION TENURE

The Property is located in the city of Swansea, South Wales, The Property is situated approximately 3 miles (4.8 km) west of The property comprises a large, modern warehouse with ancillary 999 year lease at a peppercorn. approximately 40 miles (63.4 km) west of Cardiff and 11 miles Swansea city centre, immediately north of Fabian Way (A483) office accommodation totalling 182,318 sq ft. The unit is of steel (17.7 km) east of Llanelli. Swansea is Wales’s second largest city with which forms the main arterial route from the city centre to the M4. portal frame construction with steel clad elevations beneath a steel COVENANT INFORMATION a population of approximately 240,000 (Census 2011). Swansea Surrounding occupiers include Amazon who occupy a 900,000 clad double pitched roof. The unit benefits from a minimum eaves is a regional commercial centre and as such has attracted a sq ft distribution unit directly east of the subject property, NPT height of 7.5m, 4 roller shutter doors and 6 dock level loading Trojan Electronics Limited (04125912) number of multi-national occupiers including; HSBC, Admiral Homes Limited, Neath Port Talbot Council and Intertissue Limited. doors. The offices are located along the western elevation of the 31 March 31 March 31 March Insurance, Amazon, Morganite, BT, Virgin Media, Hewlett Packard To the south of Fabian Way, is the recently developed campus for warehouse and provide modern office accommodation with W/C 2013 2014 2015 and DVLA. The City has undergone significant regeneration. Swansea University which includes student accommodation. and kitchen facilities. Swansea benefits from excellent transport communications having The property benefits from a large car park to the west of the site. Turnover £8,773,341 £9,651,090 £10,740,772 access to four junctions off the M4. The A48 dual carriageway links Furthermore, there is a large yard to the south of the property Pre Tax Profit £107,335 £572,679 £56,360 the city with Carmarthen, whilst the A465 provides direct links to providing the main loading facilities. Net Worth £297,305 £616,107 £153,097 Neath and the Midlands. Swansea Railway Station provides regular services to Cardiff and London Paddington with fastest journey times SITE of 50 mins and 2 hrs and 50 mins respectively. EPC The property has a total site area of 8.19 acres (3.31 ha) A copy of the EPC is available on request. providing a site coverage of 50%.

TENANCY SCHEDULE

Unit Use Tenant Sq Ft Start Expiry Rent Review Break Rent Rent ERV ERV Comments (£psf) (£psf) Unit 2.1 Fabian Park, Fabian Way Warehouse Trojan Electronics Limited 156,000 17/03/2015 16/03/2030 17/03/2020 n/a £453,000 £2.90 £476,400 £3.05 Rent year 5-10 £476,400 p.a. Year 10-15 £500,970 p.a. Schedule of condition. Unit 2.2 Fabian Park, Fabian Way Warehouse Trojan Electronics Limited 26,318 17/03/2015 16/03/2030 17/03/2020 n/a £76,000 £2.89 £79,800 £3.03 Rent year 5-10 £79,800 p.a., Years 10-15 £83,790 p.a. Schedule of condition. Total 182,318 £529,000 £2.90 £556,200 £3.05 2 UNIT SUPERHEATER ENGINEERING LIMITED, NEW SWANSEA UNIVERSITY CAMPUS ELBA BUSINESS PARK, ELBA CRESCENT, SWANSEA SA1 8QE SWANSEA

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Investment Rationale • Located in Swansea, the second largest • Let to Unit Superheater Engineering Limited City in Wales for over 15 years unexpired cent Cres • Large site with 2 high bay warehouses • Low rent average rent of £2.83 psf Elba © Crown Copyright, ES 100004106. For identification purposes only.

LOCATION SITUATION DESCRIPTION SITE

The Property is located in the city of Swansea, South Wales, The Property is situated approximately 3 miles (4.8 km) west of The property comprises two modern industrial units located to the The property has a total site area of 3.79 acres (1.53 ha) providing approximately 40 miles (63.4 km) west of Cardiff and 11 miles Swansea city centre, immediately north of Fabian Way (A483) South East of the former Visteon complex. Both units are of steel a site coverage of 44%. (17.7 km) east of Llanelli. Swansea is Wales’s second largest city with which forms the main arterial route from the city centre to the M4 portal framed construction with steel clad elevations and pitched a population of approximately 240,000 (Census 2011). Swansea (Junction 42). Surrounding occupiers include Amazon who occupy steel clad roofs which are separated by a large yard. COVENANT INFORMATION is a regional commercial centre and as such has attracted a a 900,000 sq ft distribution unit directly east of the subject site, NPT The larger of the two units, located to the south of the site, number of multi-national occupiers including; HSBC, Admiral Homes Limited, Neath Port Talbot Council and Intertissue Limited. comprises a 60,000 sq ft industrial unit with a minimum eaves Unit Superheater Engineering Limited (01734592) Insurance, Amazon, Morganite, BT, Virgin Media, Hewlett Packard. To the south of Fabian Way, is the recently developed campus for height of 10m, 3 roller shutter doors and overhead crane facilities. 25 December 25 December 25 December and DVLA. The City has undergone significant regeneration of late. Swansea University which includes student accommodation. Adjacent the southern boundary of the unit is a separate two storey 2012 2013 2014 Swansea benefits from excellent transport communications having office building totalling 10,336 sq ft. The building provides a mix of access to four junctions off the M4. The A48 dual carriageway links office and storage accommodation with W/C and kitchen facilities. Turnover £7,943,812 £8,009,346 £7,134,013 the city with Carmarthen, whist the A465 provides direct links to The smaller of the two units, to the north of the site, comprises a Pre Tax Profit £100,286 £129,806 £94,696 Neath and the Midlands. Swansea Railway Station provides regular 15,000 sq ft warehouse with 9m eaves, 2 roller shutter doors and Net Worth £1,659,351 £1,769,257 £1,853,484 services to Cardiff and London Paddington with fastest journey times overhead crane facilities. of 50 mins and 3 hrs and 50 mins respectively. EPC TENURE A copy of the EPC is available on request. 999 year lease at a peppercorn.

TENANCY SCHEDULE

Unit Use Tenant Sq Ft Start Expiry Rent Review Break Rent Rent ERV ERV Comments (£psf) (£psf) Units 6/7 Visteon, Fabian Way Warehouse Unit Superheater 15,000 08/01/2013 24/03/2032 25/03/2017 n/a £45,000 £3.00 £45,000 £3.00 Option to purchase before 2018 Engineering Limited at the higher of £500,000 or OMV.

Superheater Factory, Crymlyn Burrows Industrial Unit Superheater 60,000 20/11/2007 24/03/2032 25/03/2017 n/a £160,500 £2.68 £180,000 £3.00 Option to purchase before 2018 Engineering Limited at the higher of £2m or OMV.

Suite 1,2,3 Office, Office Unit Superheater 10,336 25/03/2016 24/03/2032 25/03/2017 n/a £40,000 £3.87 £41,344 £4.00 Option to purchase before 2018 Visteon Fabian Way Engineering Limited at the higher of £345,000 or OMV.

Total 85,336 £245,500 £2.87 £266,344 £3.12 3 AMNITEC LIMITED, UNIT 4, ABERCANAID, MERTHYR TYDFIL CF48 1UX MERTHYR TYDFIL

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Investment Rationale • Merthyr Tydfil is a key commercial area • Low rent of £2.00 psf • Large site extending to over 6.79 acres • Over 5 years remaining on the lease • Tenant has been in occupation for over 26 years © Crown Copyright, ES 100004106. For identification purposes only.

LOCATION SITUATION DESCRIPTION SITE

The property is located in South Wales within the The property is located to the south of Merthyr Tydfil The property comprises three interlinked warehouse units with ancillary office The property has a total site area of 6.79 acres (2.75 ha) providing a site commercial town of Merthyr Tydfil approximately 22 miles within an established industrial area adjacent the A470 accommodation and a separate storage facility totalling 126,293 sq ft coverage of 40%. (35.4 km) north of Cardiff and 30 miles (48.2 km) east of and approximately 1.2 miles (1.9km) south of the town (11,732 sq m). The buildings are located on a large rectangular shaped site Swansea. Merthyr Tydfil is regarded as a key commercial centre and Merthyr Tydfil Railway Station. The property with a large car park providing 130 spaces. COVENANT INFORMATION centre and is currently the 10th largest urban area in is accessed via Merthyr Road which in turn provides The main warehouse facility is of steel truss construction with part steel, part Wales. The town is strategically located on the A470 direct access north to the town centre and south to the brick clad elevations beneath a double pitched steel clad roof. The unit Amnitec Limited (10175050) dual carriageway, which provides direct access south A470 dual carriageway. Surrounding nearby occupiers benefits from a minimum eaves height of 5m as well as 4 roller shutter doors, 31 Dec 13 31 Dec 14 31 Dec 15 to the M4 (Junction 32) and Cardiff city centre. Access include; Booker, Citroen, Vauxhall, Speedy Hire and Kwik- blow heaters and fluorescent bay lighting. The main office accommodation to Swansea, to the West and the Midlands to the East is Fit. Furthermore, the property is located with 0.5 miles of is located to the eastern side of the main warehouse facility and benefits Turnover £8,280,000 £7,798,000 £8,914,000 provided via the A465, which is subject to an ongoing Cyfartha Retail Park with occupiers including; Halfords, from W/C and kitchen facilities. Pre Tax Profit £215,000 -£258,000 -£117,000 upgrade programme that has seen significant portions Sports Direct, Home Bargains and PC World. The two other units are located to the south and west elevations of the main of the road already upgraded to dual carriageway Net Worth £716,000 £678,000 £561,000 warehouse and are linked via roller shutter doors. Both units are of steel standard. TENURE portal frame construction with steel clad elevations beneath pitched steel EPC clad roofs. The unit’s benefit minimum eaves heights of 7.5m as well as roller Freehold. shutter access to the large yard area. A copy of the EPC is available on request. There is a small detached storage facility located to the southern edge of the site. The unit is of steel portal frame construction with a sloped, steel clad roof.

TENANCY SCHEDULE

Unit Use Tenant Sq Ft Start Expiry Rent Review Break Rent Rent ERV ERV Comments (£psf) (£psf) Unit 4 Abercanaid, Manufacturing/ Amnitec Limited 126,293 19/03/2015 19/03/2022 19/03/2017 n/a £252,500 £2.00 £252,500 £2.00 Schedule of condition. Merthyr Tydfil CF48 1UX distribution

Total 126,293 £252,500 £2.00 £252,500 £2.00 4 BLACKWOOD BUSINESS PARK, PONTLLANFRAITH, BLACKWOOD NP12 2XH BLACKWOOD

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LOCATION DESCRIPTION COVENANT INFORMATION

Blackwood is a town located within the historic county of The property comprises three large warehouse units totalling Unit 3 provides a modern warehouse arranged over ground Roydon Bottle Recycling Limited Monmouthshire in South Wales, 15 miles (24.1 km) north of Cardiff, 294,588 sq ft (27,426 sq m) situated on a large site with gated floor with two storey ancillary office accommodation 31 October 2014 31 October 2015 14 miles (22.5 km) north west of Newport and 46 miles (74 km) east access off the B4251 Newport Road. Unit 1 is detached whilst totalling 126,116 sq ft (11,716.5 sq m). The main Turnover of Swansea. The town benefits from excellent road communications, units 2, 3 and 3a are semi-detached. warehouse is of steel portal framed construction with part Pre Tax Profit being situated 9 miles north of Junction 28 of the M4 motorway. brick and part steel clad elevations beneath a flat steel Unit 1 comprises a warehouse with two storey office Net Worth (749,163) (898,575) Blackwood benefits from a large catchment population within a roof with GRP roof lights. The unit benefits from roller shutter accommodation totalling 105,587 sq ft (9,809.3 sq m). 10 minute drive time. doors and 7.5m minimum eaves. The two storey office The main warehouse accommodation is of steel portal accommodation is located to the front of the warehouse CCS McLays Limited (03602069) frame construction with brick elevations which have been along the eastern elevation. The offices are of modern 31 March 14 31 March 15 31 March 16 SITUATION over clad with profiled steel sheets. The warehouse has a specification including; carpeted flooring, comfort cooling part north-lit and part double pitched roof. The unit has a Turnover £17,556,345 £19,056,012 £19,800,356 Blackwood Business Park is situated to the south of Blackwood on and double glazing minimum eaves height of approximately 4m and benefits Pre Tax Profit £421,468 £538,932 £302,795 the Gelligroes Roundabout which links the B4251 and the A472. from 5 roller shutter doors. The office accommodation Unit 3a is a high bay warehouse totalling 12,311 sq Net Worth £1,893,419 £2,314,062 £2,545,220 The B4251 provides direct access to Blackwood town centre is located to front of the unit and is of concrete framed ft (1,143.71 sq m). The building is of concrete frame approximately 0.5 miles to the north and south to the A467 which in construction with brick elevations beneath a flat roof. construction with brick elevation beneath a barrel-vaulted Hawker Siddeley Switchgear Limited turn provides access south to the M4 (Junction 28). The property is concrete roof with wire-glass roof lighting. situated on a large site. Directly to the south of the property is a large Unit 2 extends to 62,885 sq ft (11,716.5 sq m) and is mainly 31 Dec 2013 31 Dec 2014 31 Dec 2015 warehouse accommodation with 2 storey offices along a site occupied by Gryphonn Cement Factory used for production Turnover £51,314,000 £49,475,000 £43,056,000 single elevation. The building is a concrete built industrial unit SITE and trade of cement products. Pre Tax Profit £10,065,000 £10,777,000 £7,556,000 with part brick part profile clad elevations profile set beneath a roof that is of a multiple barrel vaulted design. It has a The property has a total site area of 26.14 acres (10.57 ha) Net Worth £49,906,000 £60,317,000 £57,847,000 minimum eaves height of 7.5m. providing a site coverage of 24.5%. TENANCY SCHEDULE

Unit Use Tenant Sq Ft Start Expiry Rent Review Break Rent Rent ERV ERV Comments (£psf) (£psf) Unit 1 Industrial Roydon Bottle Recycling Limited 105,587 16/10/2013 15/10/2028 16/10/2018 15/10/2018 £100,000 £0.95 £100,000 £0.95 Capped Service charge at £17,500 reviewed annually to RPI. 16/10/2023 Rolling option to break if sprinkler system is required by law.

Unit 2 Industrial CCS McLays Limited 53,452 01/07/2010 30/05/2020 n/a £77,788 £1.46 £93,541 £1.75 Schedule of condition. Unit 2b Offices CCS McLays Limited 9,433 At Will n/a £1.00 - £18,866 £2.00 Schedule of condition. Unit 3/3a Industrial Hawker Siddeley Switchgears Limited 126,116 01/01/2017 31/12/2026 01/01/2022 01/01/2022 £400,000 £3.17 £400,000 £3.17 Lease renewal in solicitor’s hands(1). Schedule of condition. Unit 2a, c & d Offices Vacant 7,541 £15,082 £2.00 Sub-Station Substation Western Power 302,129 £577,789 £1.91 £627,489 £2.07 (1) Internal repairing obligations only. 5 SMURFITT KAPPA UK LTD, DARREN DRIVE, UNIT 22, PRINCE OF WALES INDUSTRIAL ESTATE, ABERCARN NP11 5AR ABERCARN

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r LOCATION DESCRIPTION SITE r e

r i v The property is located within the town of Abercarn, The property comprises a large detached industrial building with ancillary The property has a total site area of 13.9 acres e South Wales, approximately 10 miles (16 km) north-west office accommodation totalling 131,228 sq ft (12,193.3 sq m). The unit is of (5.62 ha) providing a site coverage of 21.7%. of Newport and 16 miles (25.7 km) from Cardiff. The town steel portal frame construction with steel clad elevations and a dual pitched is located within the Ebbw Valley between Cwmcarn roof. The building is split into 3 sections which include the main production and Newbridge. Abercarn is strategically situated on the area, a large storage facility and a single storey office building. COVENANT INFORMATION A467 which in turn provides direct access south to the M4 © Crown Copyright, ES 100004106. For identification purposes only. The main production facility provides open plan industrial accommodation Smurfitt Kappa UK Ltd (Junction 28) and Cardiff. with a minimum eaves height of 4.8m and 4 roller shutter doors. The separate TENURE storage facility is linked to the main production area via a roller shutter and 31 Dec 13 31 Dec 14 31 Dec 15 SITUATION provides open plan accommodation with a minimum eaves height of 6m Turnover £546,422,000 £583,938,000 £543,918,000 Freehold. and roller shutter doors which leads to a large open canopy currently used The property is situated centrally within Abercarn just off as additional storage. Pre Tax Profit -£19,984,000 £6,452,000 -£2,307,000 the A467. The property is accessed via Darren Drive The office accommodation is formed along the eastern elevation of the which in conjunction with Bridge Street forms the main Net Worth £130,158,000 £102,500,000 £92,144,000 main production facility and provides a single storey office building of brick industrial area of the town. Surrounding occupiers construction. The offices are of a modern specification with W/C and kitchen including; Travis & Perkins, Symonds Hydroclean and EPC facilities. National Plastics. There is a small detached storage facility located to the southern edge of the A copy of the EPC is available on request. site. The unit is of steel portal frame construction with a sloped, steel clad roof. There is a large car park located to the eastern elevation of the property.

TENANCY SCHEDULE

Unit Use Tenant Sq Ft Start Expiry Rent Review Break Rent Rent ERV ERV Comment (£psf) (psf) Unit 22 Darren Drive, Industrial Smurfit Kappa UK 131,228 12/08/2012 11/08/2017 n/a n/a £247,500 £1.89 £328,070 £2.50 New Lease terms Prince Of Wales Industrial Estate Ltd being negotiated.

Total 131,228 £247,500 £1.89 £328,070 £2.50 6 ZODIAC SEATS UK LTD, HENRY THOMAS HOUSE, LLANTARNAM, CWMBRAN NP44 3HB CWMBRAN

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LOCATION SITUATION DESCRIPTION SITE

The property is located in the town of Cwmbran The property is located to the south east of Cwmbran The property comprises a modern, detached warehouse with ancillary office The property has a total site area of 2.3 acres (0.93 ha) providing a site approximately 6.5 miles (10.5 km) north of Newport, within Llantarnam Business Park which is regarded accommodation totalling 24,273 sq ft (2,255.0 sq m). The building is of steel coverage of 20%. 16 miles (25.7 km) north east of Cardiff and 14 miles as one of the premier commercial locations on the portal frame construction with a mix of profiled steel and brick clad elevations (22.5 km) south of Abergavenny. It sits within Torfaen, M4 corridor. The property situated within a prominent beneath a pitched steel roof. The office accommodation is located to COVENANT INFORMATION which is a county borough of South Wales. Torfaen has a position on Lakeside Close approximately 100 yards the front of the building over ground and first floor and is of a modern population of approx. 91,000 and is the 3rd most densely from Llantarnam Parkway which forms the main road specification benefiting from comfort cooling, double glazing, suspended Zodiac Seats UK Limited (11253793) ceilings and florescent bay lighting. The main warehouse is located to the populated county in Wales. running through Llantarnam Business Park. The tenant 31 Dec 13 31 Dec 14 31 Dec 15 rear of the offices and provides open plan industrial accommodation with a The town is strategically located with Junctions 26, 25 is very well established within Llantarnam Business Park minimum eaves height of 5.4m and 5 roller shutter doors. Turnover £175,326,000 £215,350,000 £178,433,000 and 25a of the M4 motorway approximately 4 miles to occupying the neighbouring 110,000 sq ft industrial unit the south, with access being provided via the A4051 and (Kestral House) as well as three further buildings within the The property benefits from parking to front and side of the building. The car Pre Tax Profit £15,044,000 £35,377,000 £25,354,000 business park. park leads directly to a large yard to the rear of the property which benefits A4042 respectively. There is a regular direct train services Net Worth £47,814,000 £55,740,000 52,401,000 from Cwmbran railway station to Cardiff and Newport with from loading facilities to main warehouse. respective journey times approximately 30 minutes and 10 EPC minutes. TENURE A copy of the EPC is available on request. Freehold.

TENANCY SCHEDULE

Unit Use Tenant Sq Ft Start Expiry Rent Review Break Rent Rent ERV ERV (£psf) (£psf) Henry Thomas Llantarnam Manufacturing Zodiac Seats 24,273 02/06/2015 01/06/2025 02/06/2020 02/06/2020 £85,000 £3.50 £85,000 £3.50 Cwmbran NP44 3HB UK Limited

Total 24,273 £85,000 £3.50 £85,000 £3.50 THE PROPOSAL

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FOR FURTHER INFORMATION OR TO MAKE ARRANGEMENTS FOR VIEWING PLEASE CONTACT:

Jeremy Hodgson Guy Scott Plummer James Salmon 020 7543 6709 020 7543 6726 020 7543 6880 [email protected] [email protected] [email protected]

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD www.commandHQ.co.uk 11.16 www.allsop.co.uk