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Houndsgate 30/34 Hounds Gate | Nottingham | NG1 7AB Gva.Co.Uk/3144 M6

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Houndsgate 30/34 Hounds Gate | Nottingham | NG1 7AB Gva.Co.Uk/3144 M6 City Centre Office Investment HOUNDSGATE 30/34 Hounds Gate | Nottingham | NG1 7AB gva.co.uk/3144 M6 HULL M6 M62 M62 M18 VICTORIA BUS M180 STATION MANCHESTER A60 THE M57 NOTTINGHAM TRENT HOUNDSGATE A1(M) UNIVERSITY A15 SHEFFIELD Glasshouse St City Centre M56 A60 M1 THEATRE VICTORIA Office Investment CENTRE ROYAL Lower Parliment St A610 Derby Rd A60 Upper Parliment St Huntingdon St A60 MANSFIELD A16 A60 A17NOTTINGHAM COUNCIL HOUSE M1 A46 PLAYHOUSE OLD MARKET SQ STOKE- Fletcher Gate NATIONAL ON-TRENON-TRENTT ICE CENTRE Hounds Gate & TRENT FM DERBDERBYY ARENA A50 NOTTINGHAM Maid Marian Way A60 MARKS & THE LACE A1 SPENCER MARKET A60 Hounds Gate Bellar Gate A6008 A612 M6 A38 A46 Castle Gate A42 Middle Hill NORWICH BROADMARSH SHOPPING A47 A612 NOTTINGHAM CENTRE A47 LEICESTER CASTLE M42 M54 Castle Rd A47 A6008 M6 Toll A47 A6008 BUS STATION Canal St M69 A6 L M6 Canal St CANA A11 M1 Castle Blvd A60 M6 A6005 A140 A43 A1(M) Station St BIRMINGHAM A10 London Rd A453 ION A14 WAY STAT M42 COVENTRY A43 Wilford Rd RAIL A11 M40 NORTHAMPTON A14 Queens Rd A12 A14 A6019 A14 A428 A46 M1 A11 IPSWICH M5 A43Location M11 M40 Nottingham is regarded as the regional capital of the East MidlandsCOLCHESTER and is located M50 A5 approximatelyMILTON 203 km (126 miles)A1(M) north of London, 26 km (16 miles) to the north east ofKEYNES Derby and 48 km (30 miles) north of Leicester.A10 The city has excellentLUTO communicationN links being situated directly east of the M1 A41 A12 OXFORDOXFORD Motorway (with Junctions 24 to 26 serving the city), providing access from north to GLOUCESTER M1 M11 south, with the A52 providing direct links to Derby to the east and Grantham to the west. M4 ThereM40 is a directWATFORD rail service to LondonM25 St Pancras with a fastest journey time of NEWPORT M5 approximately 1 hour 40 minutes. Nottingham East Midlands Airport is situated M48 SWINDONSWINDON approximately 6 km (4 miles) to the south west of the city centre. M49 LONDON M4 Nottingham is a leading business location with over 15 million people living within an READINREADINGG SLOUGH SOUTHEND-ON-SEA M4 80 km (50 mile) radius of the centre. This provides a substantial diversified workforce M5 CARDIFCARDIFFF which is further supported by the city’s two leading universities (University of Nottingham BRISTOL and Nottingham Trent University). M2 M26 The city’s success at attractingM25 inward investment is best highlighted by being home to overM3 50 regional and national headquarters including, Alliance Boots, Capital One, E.ON, Experian, HM Revenue & Customs, Specsavers and Speedo. M23 M20 Investment Summary M3 Situation • Freehold multi-let Nottingham City Centre office building. The property is situated on the northern side of Hounds Gate in Nottingham City Centre. • Extensively refurbished during the past five years. It lies at the heart of the city’s office core, just off Maid Marian Way, and nearby occupiers include Barclays, Cooper Parry, E.ON, Ernst & Young, KPMG and Reuters. It is also within • A total net internal floor area of circa 3,146.9 sq m (33,874 sq ft). A3(M) BRIGHTON M5 SOUTHAMPTON M27 close proximity to the main pedestrianised shopping areas and the entrance to the • 29 basement car parking spaces. BroadmarshPORT Centre.SMOUTH • Current rental income of £385,611 per annum. BOURNEMOUTH Hounds Gate’s central position benefits from convenient access to the city centre’s • Offers in excess of £3,650,000 (Three Million, Six Hundred and Fifty Thousand Pounds) amenities, excellent public transport links (tram, bus and train) and numerous car parks. The tram service stops at the Old Market Square circa 250m north of the property, and providing a net initial yield of 10%, rising to 10.3% on reversion. there are numerous bus stops and car parks within a short walk. Nottingham’s train station is located approximately 0.5km (0.3 miles) to the South. PLYMOUTH gva.co.uk/3144 Description The property comprises an attractive converted former Victorian mill and has been extended at the rear to provide large open plan floor plates. It is accessed directly from Hounds Gate into a spacious, recently refurbished reception. The office accommodation is provided at ground and five upper floors and the majority has undergone a complete refurbishment programme to provide the following specification: • Carpet tiled floors • Perimeter trunking and central heating • Suspended ceilings • Two pipe VRV air conditioning • LG7 lighting The ground floor suite has its own reception fronting Hounds Gate and therefore has the ability to be self contained. Each floor is accessed by a 12 persons passenger lift, a goods lift and stair well, and staff WCs are provided at every level. The building provides 29 car parking spaces within the secured basement which is accessed from Hounds Gate. Tenure City Centre Freehold. Office Investment HOUNDSGATE gva.co.uk/3144 City Centre Office Investment HOUNDSGATE TENANCY GROUND FLOOR FIRST FLOOR Area Car Lease Rent pa Lease Next Floor Tenant Sq m Parking ERV start Break Comments (£psf) Expiry Review (Sq ft) Spaces date • Refurbished. SRC Transatlantic Ltd • Tenant has a 24 month option to T/A Speedy Cash 714.3 £90,345 £90,345 take the first floor. Ground 6 17/02/12 16/02/22 17/02/17 17/02/17 Guaranteed by (7,689) (£11.75) (£11.75) • 12 months rent deposit. Galt Ventures LLC • Tenant will get six months rent free if they do not exercise break • Unrefurbished. • Tenant only rolling break on one months notice. • Tenant is likely to break. The rent will be guaranteed for 12 months from 729.8 £73,500 £92,308 First Browne Jacobson LLP 6 29/09/11 28/09/12 29/03/12 - the date of sale. (7,856) (£9.35) (£11.75) • 24 month option for SRC to take the first floor at £11.75 psf on a co-terminus lease to the ground floor. The same guarantor and rent deposit would be applicable. • Refurbished. • Tenant will get six months rent free Severn Trent Retail & Utility 501.2 £62,043 £63,391 Second 5 04/04/11 03/04/21 04/04/16 04/04/16 should they not exercise the break. Services Ltd (5,395) (£11.50) (£11.75) • Rent free period until 12 October 2012. SecOND - FOUrth FIfth FLOOR 335.1 £42,382 £42,382 • Refurbished. FLOORS Third A Vacant 3 - - - - (3,607) (£11.75) (£11.75) • 12 month rent guarantee. • Tenant will get six months rent free Business In the 171.5 £20,306 £21,691 should they not exercise the break Third B 2 25/03/10 24/03/15 25/03/13 - Community (1,846) (£11.00) (£11.75) (but spread over 12 months) from 25/03/13 to 24/03/14 • Refurbished. Just Homes Lettings 506.0 £73,535 £64,002 • Three months rent deposit. Fourth 4 23/12/09 22/12/16 - 23/12/14 and Estate Agency Ltd (5,447) (£13.50) (£11.75) • Guaranteed by Vasek Insurance Services Ltd • Refurbished. 189.0 £23,500 £23,900 Fifth Badenoch & Clark Ltd 2 10/03/11 09/03/16 10/03/14 • Tenant will get three months rent (2,034) (£11.55) (£11.75) free should they not break. Car Park Building Manager - 1 £0 £1,000 - - - - 3,146.9 Total 29 £385,611 £399,019 (33,874) gva.co.uk/3144 NOTTINGHAM TENANcieS SRC Transatlantic Ltd t/a Speedy Cash (Company No: 7225997) Severn Trent Retail & Utility Services Ltd (Company No: 2562471) Speedy Cash is one of the largest and fastest growing providers of short term loans and financial services in the United Severn Trent is a FTSE 100 company and is one of the world’s leading suppliers of water and waste States, Canada and United Kingdom. The company has an international network of over 230 stores.(www.speedycash.com/uk) water treatment solutions. (www.severntrent.com) A summary of the company’s trading information is as follows: A summary of the company’s trading information is as follows: 31 Dec 10 31 Mar 11 31 Mar 10 31 Mar 09 Sales Turnover £ 54,192 Sales Turnover £ 9,420,000 11,258,000 9,970,100 Profit / (Loss) Before Taxes £ (749,177) Profit / (Loss) Before Taxes £ 3,825,000 3,628,800 4,182,400 Tangible Net Worth £ (749,077) Tangible Net Worth £ 6,429,000 3,669,200 9,700,200 Net Current Assets (Liabilities) £ 835,096 Net Current Assets (Liabilities) £ 5,942,000 3,164,900 8,902,200 The Dun & Bradstreet rating of N3 shows a financial strength of -£749,077 (based upon tangible net worth) and an overall condition The Dun & Bradstreet rating of 2A1 shows a financial strength of £6,429,000 (based upon tangible net worth) which represents higher than average risk. The lease is guaranteed by the Parent Company, Galt Ventures LLC. and an overall condition which represents minimum risk. In 2010 the company reported total revenue of $38,680,039, net earnings of $8,203,680 and total assets of $112,897,517. Browne Jacobson LLP (Company No: 306448) Business in the Community (Company No: 1619253) Browne Jacobson LLP is a leading national law firm with over 295 lawyers based throughout its network of offices in Birmingham, London, Manchester and Nottingham. (www.brownejacobson.com) Business in the Community is a charity focused organisation that aims to provide responsible business practice. It is one of the Prince’s charities, a not-for-profit organisation, with over 850 corporate members with a further A summary of the company’s trading information is as follows: 10,700 companies engaged in its global campaigns.
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