COMPLETE BUSINESS SOLUTIONS II WELL-LET MODERN WAREHOUSE NEXUS POINT II II INVESTMENT OPPORTUNITY B6 7AP II WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

Investment Summary

• A rare opportunity to acquire modern purpose built warehouse units built in 2006/07.

• Well located and established distribution location, 3.8 miles (6 km) north-east of Birmingham City Centre and 3.3 miles (5.28 km) from Junction 6 of the M6.

• The units combined provide a Gross Internal Area of 46,805 sq ft.

• Let to Complete Business Solutions Group Ltd for 15 years expiring on 31st May 2032.

• Complete Business Solutions have an excellent Experian credit rating – 100 with Very Low Risk.

• The passing rent is £280,830 per annum reflecting £6.00 per sq ft (rent free to be topped-up by the vendor).

• The lease contains 5 yearly upward open market rent reviews.

We are instructed to seek offers in excess of £4,390,000 (Four Million, Three Hundred and Ninety Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6.00% allowing for purchaser’s costs of 6.56%. WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

PAVILLION DRIVE

HOLFORD WAY HOLFORD DRIVE

HOLFORD DRIVE

GAVIN WAY

ELLIOTT WAY

TO M6 J6

NEXUS POINT UNITS G, H1 & H2

M6

TO M6 J7 WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

Location J7 SAT NAV: B6 7AP A4041

• Birmingham is the UK’s second city and the • Junction 6 of the M6 motorway approximately regional centre of the West Midlands. 1 mile south-east of the estate. A4041 • Located 117 miles (187 km) north west of London • The property is situated onElliot Way, Nexus A34 M6 and 70 miles (112 km) south of Manchester. Point’s main estate road.

• Excellent communication links with the M5, M6 • High profile occupiers in the vicinity include; AAH and M42 with access to the M1, M40 and M54. Pharmaceuticals, ThyssenKrupp and Beiersdorf. WALSALL RD • Nexus Point is 4 miles south of Birmingham city • Nexus Point considered prime for Birmingham A452 centre accessed via the A4040 from the A34. based distribution occupiers due to excellent access to the national motorway network.

A453 M6 M6 TOLL M42 NEXUS POINT WOLVERHAMPTON B4124 SUTTON ALDRIDGE RD UNITS G, H1 & H2 COLDFIELD A453 A34 NUNEATON ELLIOTT WY DUDLEY BROWNS HOLFORD DR GREEN TAMESIDE DR M69 HOLFORD M6 M6 BIRMINGHAM A4040 A4040 STOURBRIDGE NOBEL WY A4040 M5 COVENTRY J6 M42 BIRCHFIELD RD WITTON RD KIDDERMINSTER M42 A38(M) STAR CITY A34 BIRMINGHAM REDDITCH VICTORIA RD M40 ROYAL B4144 CITY CENTRE LEAMINGTON SPA HOCKLEY WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

Property Description

The property comprises 46,805 sq ft of prime industrial accommodation constructed by Wilson Bowden in 2006/2007, arranged in three adjoining units known as G, H1 & H2.

The premises are of traditional steel portal frame construction and are well specified to include: • 40m secure yard • 8m clear eaves • Halogen lighting • 50kn per m2 floor loading • Level access loading doors to each unit

The high quality ancillary office accommodation specification includes: • Suspended ceilings • Recessed fluorescent lighting • Carpet tiled floors • Gas Central Heating – Unit G • Electric Central heating – Units H1 & H2

The site area is approximately 2.7 acres giving a low site coverage of 37%. WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

Accommodation

The property provides the following approximate Gross Internal floor areas:

Unit Floor Accommodation Sq Ft Ground Warehouse 22,213 Ground Offices 2,345 G First Offices 2,345 Sub Total 26,902 Ground Warehouse 8,925 Ground Offices 467 H1 First Offices 467 Sub Total 9,858 Ground Warehouse 9,106 Ground Offices 469 H2 First Offices 469 Sub Total 10,045 Total 46,805 WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

Tenure Covenant

The property is held freehold. Complete Business Solutions Group Ltd was founded in 1995 and currently trades as Complete Office Solutions, providing a range of office services and products including; Tenancy • Office interiors and seating • Racking & Storage • Print Solutions • Web design & ecommerce • Stationary • Workwear • The entire property is let on a FRI lease to Complete Business Solutions Group Ltd for a term of 15 years from 1st June 2017 • Design & Marketing Services • IT sales, service & support at a rent of £280,830 per annum reflecting £6.00 per sq ft. • Printing & Workspace Solutions • The tenant will benefit from a rent free period of 1 year with Further information can be found on www.c-o-s.co.uk a further period of 6 months half rent in year 2 (equivalent The most recent financial results for Complete Business Solutions of 15 months rent free). The vendor is proposing to top the Group Ltd (Company No 3045607) are summarised as follows: rent up to be £280,830 per annum from completion. 31.12.2015 31.12.2014 31.12.2013 • There are upward only rent reviews at the end of the 5th and (£s) (£s) (£s) 10th years to open market rental value. Turnover 30,885,000 25,717,000 9,124,000 • The lease is subject to a photographic schedule of condition, Profit before Tax 1,103,000 1,172,000 323,000 a copy of which can be provided on request. Shareholders Funds 2,193,000 1,624,000 870,000 Further information is available on request. WELL-LET MODERN WAREHOUSE INVESTMENT OPPORTUNITY COMPLETE BUSINESS SOLUTIONS II NEXUS POINT II BIRMINGHAM II B6 7AP

Recent Lettings Capital Allowances Further Information

Date Property Size (Sq ft) Tenant Term Rent (psf) Further information is available For further information or to arrange Complete Business Q2 2017 Nexus Point, Birmingham 46,805 15 years £6.00 upon request. a site inspection, please contact Solutions the following: Q1 2017 Hub 54, Nobel Way, Birmingham 55,581 EBB Paper 10 years £6.50 Unit 28, Gravelly Industrial Park, Jonathan Devaney Q1 2017 43,320 Systemair 10 years £6.50 Birmingham VAT T: 0121 233 6490 Q1 2017 21 Gavin Way, Nexus Point, Birmingham 36,460 Encon Insulation 10 years £6.25 E: [email protected] Q4 2016 DC2 Gate, Birmingham 63,981 Tenneco 10 years £6.50 16 years Q2 2016 Hub 55, Nobel Way, Birmingham 55,084 EFF £6.50 We understand the property will be Ben Wisher TBO 11 years elected for VAT. It is intended that the T: 0121 233 6456 sale will be treated a Transfer of a Going E: [email protected] Concern (TOGC). Investment Sales Knight Frank LLP 1 Colmore Row Birmingham Size Rent Review Proposal Date Property Tenant Term Price NIY Purchaser (Sq ft) (psf) structure B3 2BJ Complete Nexus Point, 15 5 yearly Current 46,805 Business £6.00 £4.39m 6.0% Birmingham years – OMRV We are instructed to seek offers in excess Solutions of £4,390,000 (Four Million, Three 15 years Under Deykin Avenue, 5 yearly - 89,129 TBO £6.25 c.£11.1m c.4.7% TBC Hundred and Ninety Thousand Pounds), offer Birmingham Manor CPI 10 years subject to contract and exclusive of VAT. 5 yearly – Q2 118 Dove Valley Top Hat 19.8 Nottingham KnightFrank.co.uk 118,434 £5.25 OMRV or £10.14m 5.75% A purchase at this level would reflect 2017 Park, Derby Industries years City Council IMPORTANT NOTICE. Particulars: These particulars are not an offer or contract, nor part of one. You 2.5% pac a Net Initial Yield of 6.00% allowing for should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing Unit 1 Interface 15 years (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Q2 Leap New 5 yearly - Keills Property purchaser’s costs of 6.56%. Frank LLP has any authority to make any representations about the property, and accordingly any Business Park, 51,580 TBO £4.75 £4m 5.75% 2017 Co RPI Trust information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). Swindon 10 years Photos etc: The photographs show only certain parts of the property as they appeared at the time 15 years 5 yearly they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Q3 Unit A, Centurion Limes Any reference to alterations to, or use of, any part of the property does not mean that any necessary 52,816 DFS TBO £5.95 – 2.5% £5.13m 5.75% planning, building regulations or other consent has been obtained. A buyer or lessee must find out by 2016 Park, Tamworth Developments inspection or in other ways that these matters have been properly dealt with and that all information 10 years pac is correct. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP Chrome 102, is a limited liability partnership registered in England with registered number OC305934. Our registered Q3 5 yearly - Portsmouth office is 55 Baker Street, London W1U 8AN, where you may look at a list of members’ names. June 2017. Minworth, 103,341 DHL 10 years £6.46 £12.42m 5.04% carve-design.co.uk 13001 2016 OMRV City Council Birmingham