Units F1 – F4 STAFFORD PARK 15 TELFORD | TF3 3BB

Industrial/Warehouse Investment For Sale INVESTMENT SUMMARY

◼ well located industrial unit 1.8 miles from J5 M54

◼ The Telford Industrial market has improved significantly over the last 18 months due to the impact on the supply chain of the opening of Jaguar Land Rover’S new million sq ft factory at I54

◼ Stafford Park is considered Telfords premier industrial location, comprising approximately 275 acres. The park has attracted a number of high profile occupiers including Samsung, Schneider Electric, Johnson Controls, XPO Logistics and Nexus Industries

◼ Let to LVS Small Plastic Parts Ltd until 28 February 2024

◼ LOW Passing rent of £72,000 Per Annum (£3.45 psf)

◼ 20,881 sq ft warehouse unit

◼ Built in 1970’s, steel portal frame construction, brick elevations, steel profile roofs dedicated car parking and yards

◼ Freehold

◼ Rental growth prospects due to recent lettings and rent reviews at £4.50 psf

◼ Low Capital Value psf of £40.46

We are instructed to seek offers in excess of £845,000 which reflects a Net Initial yield of 8.07% after purchasers costs of 5.56% and a reversionary yield of 10.53%.

Units F1 – F4 | Stafford Park 15 | TELFORD | TF3 3BB

A53 B506 1 B5060 SHREWSBURY A442 M54 A5 5 4 A449 M54 J5 TO SHREWSBU RY WISBECH TELFORD 3 M54 M6 Toll A606 STAMFORD 1 A34 2 M54 TO BIRMINGHA A5 LEICESTER M M54 A41 A449 A461 M6 A444 J4 A1139 A47 A458 A442 A452 WALSALL WOLVERHAMPTON A5 STAFFORD A49 PARK 7 PETERBOROUGH 9 A461 STAF FOR D PAR WEDNESBURY 8 K 1 STAFFOR A454 D PARK 6 A43 A4123 A41 STAF M6 FO BRIDGENORTH RD A449 PA RK 1 A41 A444 4 ST AFF RK 13 CORBY PA ORD D ST AFFORD P A5 R ARK 10 A458 PA M69 M1 RK A605 1 5 AFFOSTAF M6 T FO S R D PA CHATTERIS RK 18 A464 A6116 A442 A449 A442 A1(M) BIRMINGHAM A45

12 M5 RD PARK A49 SOLIHULL STAFFO A142 COVENTRY KETTERING ELY KIDDERMINSTER LUDLOW M42 A464 A141

A456 M42 A508 A46 M45 HUNTINGDON A449 A4177 REDDITCH A442 WELLINGBOROUGH <NORTHAMPTON ST.NEOTS LEOMINSTER MAVERN M5 HILLS A6 A426 A422 A46 CAMBRIDGE A44 Location WORCESTER A46 STRATFORD-UPON-AVON Travel A421 M40 A428 The property is situated on Stafford Park 15, approximately 0.5 miles from the A442 Queensway Location Miles Drive Time A509 and A464 dual carriageways which provide access to Junction 4 and 5 of the M45 motorway, both A429 TOWCESTER A11 A4103 A508 M1 BEDFORD A44 approximately 2 miles away from the estate. Telford Town Centre is approximately 1.5 miles to M54 (J4) 1.6 4 mins A43 NEWPORT M11 EVESHAM PAGNELL A1 the West. M5 M54 (J5) 1.6 6 mins A5 Telford is a large new town in the BoroughA449 of Telford and Wrekin in the County of Shropshire.CHIPPING M6 (J10A) 18 19 mins A421 CAMPDEN ROYSTON A505 BRACKLEY Telford is considered one of the fastest growing towns in the United KingdomA46 with a population Wolverhampton 16 32 mins MILTON SAFFRON A44 A429 A5130 of 155,000. M50 KEYNES WALDEN THE Birmingham 33 40 mins COTSWOLDS BUCKINGHAM BLETCHLEY LETCHWORTH Telford has strong transport links, located approximately 35 miles to the north west of Birmingham London 154 2hrs 55 mins GARDEN CITY and 20 miles to the east of Shrewsbury. A6 HITCHIN A4146 A5 A10 A44 LUTON STEVENAGE BICESTER A120 STANSTED A505 A41 BISHOP’S DUNSTABLE KNEBWORTH A602 A418 STORTFORD A34 A435 A1(M) Units F1 – F4 | Stafford Park 15 | TELA417FORD | TF3 3BB A1184 AYLESBURY WELWYN A40 GARDEN CITY WITNEY A41 HEMEL HARLOW OXFORD HEMPSTEAD ST ALBANS HATFIELD THAME A4010 A413 A414 M25 CIRENCESTER CHESHAM POTTERS BAR CHESHUNT A433 LONDON ABINGDON Description The property comprises a terrace of 4 units constructed in the 1970’s. The units are of steel portal frame construction, with brick elevations under a steel profile clad roof. To the front of the units are adjoining single storey brick faced offices, which are carpeted internally with a mixture of open plan and cellular accommodation, suspended ceilings, perimeter trunking and fluorescent strip lighting. To the rear of the units, there A442 are self contained loading yards with access gates. Internally the units benefit from fluorescent strip lighting, and heating via roof mounted heaters. The units benefit from an eaves height of 5.26m.

UNITS F1 - F4 Accommodation We have measured the warehouse and calculate the following gross internal areas: Ground floor offices 3,210 sq ft (289.86 sq m) Warehouse/Production 18,761 sq ft (1,742.95 sq m) TOTAL 20,881 sq ft (1,939.9 sq m)

Tenure Freehold.

Units F1 – F4 | Stafford Park 15 | TELFORD | TF3 3BB Covenant Information

LVS Small Plastic Parts Ltd (company number 01154476)

Since 1975, LVS Small Plastic Parts has become a leading plastic injection moulding company, and the contract manufacturing partner to some of the best companies in the UK.

(http://www.small-plastic-parts.co.uk)

A UK plastic moulder, based in Telford in the Midlands, we specialise in providing complex plastic injection moulded Occupational market thermoplastic components. The company’s commitment The industrial warehouse market in Telford has improved dramatically over the last 18 months, due to the significant to quality, innovation, and speed-to-market is why market shortage in industrial stock locally and across the region, in addition to the positive story surrounding the opening of leaders across the U.K. and Europe trust LVS to deliver their the one million sq ft Jaguar Land Rover warehouse at I54. most challenging new products.

They supply parts and materials to Bentley, Maxell, AGA, Mann ANNUAL UNIT UNIT CURRENT LEASE LEASE RENT PSF PRICE PSF UNIT SIZE RENT SALE NOTE and Hummel, Prodrive and Phs Group PLC. DESCRIPTION STATUS TENANT NAME START END CHARGE(S) (£) (£)

They have been a tenant on site for the last 25 years, and also Stafford Park James Lister & 31-Jan- 30-Jan- Renewal 5,100.00 23,000.04 4.5 Renewal 15, Unit A8 Sons Ltd 2016 2019 occupy 8,592 sq ft in units C5&C6 with a lease expiring 22nd Mr & Mrs RR 01/08/16 Stafford Park 6-Jan- December 2019. Additionally they own an adjoining parcel of Sale Tomlinson & Mr n/a 2,573.00 13,500 150,000 5.25 58 then sold 15, Unit C1 2017 land to their current unit. Davis 06/01/17 Camden Renewed Stafford Park 3-Nov- 2-Nov- A summary of the company’s accounts are set out below. Sale Group Ltd / 4,263.00 20,000.00 210,000 4.69 49 then sold 15, Unit C3 2015 2020 Raymanwood Ltd 11/01/17

Stafford Park A & A Automatics 7-Oct- 6-Oct- Tenant had YEAR ENDING Current Assets Shareholders Funds Let 4,327.00 190,000 44 15, Unit C4 Ltd 2016 2315 option March 2016 £2,229,682 £718,187 Stafford Park 21-Oct- 20-Oct- 15, Units D1 Let Torton Bodies Ltd 13,573.00 590,000 43 Sold with VP 2016 3015 March 2015 £1,997,605 £542,439 - D3 March 2014 £1,617,984 £487,535 Stafford Park Branded Vending 16-Dec- 15-Dec- Let 3,552.00 185,000 52 Sold with VP 15, Unit E1 Ltd 2016 2315

Units F1 – F4 | Stafford Park 15 | TELFORD | TF3 3BB Energy Performance Certificate The property has an EPC Rating of E-103.

VAT VAT will be payable on the purchase price, however provided that the relevant conditions are met, the sale will be treated as a TOGC. We suggest that interested parties seek independent expert advice.

Proposal We are instructed to seek offers in excess of£845,000 which reflects aN et Initial Yield of 8.07% after purchasers costs of 5.8% and a low capital value of £40.46 psf.

Further information For further information or to arrange a viewing please contact:

Sam Sutton

[email protected] 07794 081052

DISCLAIMER: The Agents for themselves and for the vendors or lessors of the property whose agents they are give notice that, (i) these particulars are given without responsibility of The Agents or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) The Agents cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective 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 accuracy of each of them; (iii) no employee of The Agents has any authority to make or give any representation or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) The Agents will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. 02.17.