Extensively Refurbished Grade a O Ce Accommodation, Prominently Positioned on Stockley Park, Close to Heathrow, with Views Over an Impressive Tree Lined Square

A PRIME INVESTMENT OPPORTUNITY ON ONE OF EUROPE’S LEADING BUSINESS PARKS Extensively refurbished Grade A o ce accommodation, prominently positioned on Stockley Park, close to Heathrow, with views over an impressive tree lined square.

2 4 THE SQUARE, STOCKLEY PARK Investment Summary

• Prime South East multi-let o ce prominently positioned on one of Europe’s premier business parks.

• Stockley Park is home to an impressive list of occupiers including Apple, GlaxoSmithKline, Canon, Marks & Spencer, Sharp, Hasbro and Suntory.

• Extensively refurbished Grade A oce accommodation, situated within the most recently developed area of Stockley Park on an impressive tree lined square.

• 4 The Square is arranged over ground, ﬁrst, second and third ﬂoors, comprising a total of 81,403 sq ft (NIA).

• The property, which was extensively refurbished in 2014, beneﬁts from an impressive entrance, double height reception and common parts.

• 356 car parking spaces with an excellent ratio of 1:229 sq ft.

• BREEAM UK Non-Domestic Refurbishment and Fit-Out 2014 ‘Excellent’.

• The property is multi-let to three tenants, providing a WAULT of approximately 5.40 years to breaks.

• Total income available is £2,327,466 per annum, reﬂecting £28.83 per sq ft. The vendor will provide a 24 month rental guarantee, and a 12 month rates and service charge guarantee on the vacancy.

• Highly reversionary when compared with prime rents on Stockley Park at £35.00 psf.

• With the rental tone on Stockley Park set to continue to improve, 4 The Square provides a rare opportunity to realise genuine reversionary potential, through letting the vacant accommodation.

• O¢ers are sought in excess of £32,300,000 (Thirty Two Million Three Hundred Thousand Pounds) subject to contract and exclusive of VAT, reﬂecting a Net Initial Yield of 6.75% (after allowing for usual purchasers costs of 6.77%). A purchase at this price reﬂects a low capital value of £397 per sq ft.

4 THE SQUARE, STOCKLEY PARK 3 GOLF COURSE CANON

REGUS

SHARP

GILEAD APPLE BIOCARE, IBM, THE TOSHIBA APPLE ARENA

VERIFONE, CANON REGUS VOLGA DNEPR MSC CRUISES

KUEHNE IMG + NAGEL

FISERV

CELGENE M&S SUNTORY

A408 UXBRIDGE ROAD M4 / HEATHROW AIRPORT

4 4 THE SQUARE, STOCKLEY PARK Stockley Park

Stockley Park is widely regarded as one of the best out of town business Stockley Park is home to a tenant mix locations in Europe, located only 2 miles from Heathrow Airport and is the benchmark by which all other UK business parks are assessed. Set in 415 acres comprising an array of international of Green Belt land, the park o¢ers the beneﬁts of unrivalled communication brands attracting a truly global investor links, excellent on site amenities and high quality accommodation. All of this has attracted a tenant mix comprising an array of global corporate audience. brands, including GlaxoSmithKline, Gilead, Apple, Sharp, Canon, Regus, Marks and Spencer and Suntory. Its unprecedented success to date is proven by both the tenants it has attracted as well as the calibre of investors who have purchased buildings on the park. The amenities boost the Stockley Park experience; a business community with convenient services, social meeting places and recreation all within a pleasant, waterside environment. There is extensive landscaping with 11 lakes across the park, providing attractive settings for the o ce properties and a tranquil work environment with numerous cycle and footpaths. Stockley Park also has its own 18 hole golf course, which was opened by Nick Faldo as well as a nursery, which provides childcare throughout the working day.

4 THE SQUARE, STOCKLEY PARK 5 Location The Park enjoys some of the best communication links in the South East.

Stockley Park is located within the London Borough of Rail & Crossrail Hillingdon, 15 miles west of Central London. The Park Stockley Park is strategically positioned for access for enjoys some of the best communication links in the both Hayes & Harlington and West Drayton stations. South East, located adjacent to the M4, close to the M25 Both stations serve London Paddington and provide and with excellent rail connections to Central London fast links to the rest of the UK rail network via Reading and the Thames Valley. to the West. Journey times to London Paddington are approximately 26 minutes from West Drayton and 21 This prime location places Stockley Park within a CGI of The new Hayes & Harlington Station minutes from Hayes & Harlington. 45 minute drive of over 3 million people. The local workforce is highly skilled with a higher than average The Park will benefit from two Crossrail stations, Hayes level of education and household income, which has & Harlington and West Drayton from 2019. The service helped to establish Stockley Park as a sought after will further enhance the Park’s connectivitiy with the location for many high profile occupiers. line running directly through the stations from Reading across London and into Essex. Once opened there will The excellent transport links together with the scale of be a direct journey time to Bond Street taking just 20 the park, quality of the buildings and skilled labour pool minutes and further reduced journey times to numerous are among the reasons for Stockley Park’s undoubted locations. success and reputation as the premier business park in the UK and Europe. Bus A regular bus route links Stockley Park to Hayes & Road Harlington and West Drayton railway stations,with Stockley Park is situated north of Heathrow Airport at journey times of 5-7 minutes. The A10 Heathrow Fast is Junction 4 of the M4 motorway, which provides direct a dedicated service which provides non-stop links from access to Central London, to the east, as well as the Heathrow Airport to Stockley Park in 10 minutes. It also centres of Slough, Reading and the wider South West. runs to the Park from Uxbridge tube station. Junction 15 of the M25 motorway is located just 2 miles (3.2 km) away via the M4 o¢ering convenient access to Air CGI of The new Hayes & Harlington Station the national motorway network, whilst the nearest town, Heathrow, one of the world’s busiest international Uxbridge, is located just 4 miles (6.4 km) to the north via airport, caters for approximately 67 million passengers the A408. per year. The airport is an important feature for Stockley Park occupiers. Located just 2 miles (3.2 km) away, it is Heathrow Airport 2 miles a 5 minute drive to Terminals 1,2, 3 and 5 from where M4 Junction 4 1 mile flights to all major hubs around the globe are accessible. The proximity to the national motorway network means M25 Junction 15 2 miles that Gatwick, Luton and Stansted Airports are also within Central London 15 miles easy reach of Stockley Park. Reading 27 miles Uxbridge 4 miles Heathrow Airport 2 miles Luton 40 miles Gatwick 40 miles Stansted 70 miles

6 4 THE SQUARE, STOCKLEY PARK

CGI of The West Drayton Station HIGH WYCOMBE

HARROW 16 M40 1 M40 16 1

UXBRIDGE A40 WESTERN AVENUE UXBRIDGE A40 HILLINGDON A437 UXBRIDGE CENTRAL C MAIDENHEAD M25 OW

A4 SLOUGH STOCKLEY PARK L ONDON

L EY

R 7 HAYES

OAD OAD HAMMERSMITH 6 5 15 4 M4 1 HARLINGTON ROAD 8 CHISWICK M25 STOCKLEY /9 AY UXBRIDGE ROAD PARK RICHMOND WINDSOR 14 HIGH STREET M4 THE PARKW READING A308 HEATHROW A316 E G LAN LLIN FA A329 (M) 13 Y A W KINGSTON

D K 10 STAINES 1 A 12 BRACKNELL W WEST L WIMBLEDON EY IVER S THE PAR DRAYTON T HAYES &

O ROAD A3

C 11

K HARLINGTON L 12 E

A D R WEYBRIDGE

M A329 A24 O

N C HERRY LA T E D E

S R

W M3

S A23 W

O ESTERN ROA 11

EPSOM T

I H

LA 3

P WOKING

O T M25 A N S H L R T D A E T H I O P C A A23 T N R A K 10

R W H

D A M25

Y 4

A4 9

S BATH ROAD

T 4a A4 BATH

A ROAD N

W LEATHERHEAD

L L

M A3 O O R D 4a OA HATTON CROSS R R ST

O E H W A TERMINAL 5 UT 7 D TERMINALS SO EAT 1, 2, 3 GR 8 14 0 A3 A24 5 GUILDFORD REIGATE HEATHROW TERMINAL 4 6 M23 AD INES RO

STA

ST AIN LONDON ROAD ES BY-PASS 9 GATWICK

Post code: UB11 1BT A3

Crossrail (Elizabeth Line) 2019 36

36 HAYES & 33 27 20 17 15 11 8 63HARLINGTON 368 912162022252730 CRAWLEY HAYES & 33 27 20 17 15 11 8 63HARLINGTON 368 912162022252730 STRATFORD

STRATFORD IVERIVER 34 READING TAPLOW SLOUGH LANGLEY TWYFORD BURNHAM SOUTHALL HANWELL IVERIVER WEST EALING 34 MAIDENHEAD PADDINGTON BOND STREET FARRINGDON WHITECHAPEL TAPLOW SLOUGH WEST DRAYTON READING LANGLEY HANWELL ACTON MAINLINE TWYFORD BURNHAM SOUTHALL EALING BROADWAY LIVERPOOL STREET WEST EALING MAIDENHEAD PADDINGTON BOND STREET FARRINGDON WHITECHAPEL ELIZABETH LINE (DUE 2019) WEST DRAYTON TOTTENHAM COURT RD ACTON MAINLINE EALING BROADWAY LIVERPOOL STREET TRAVEL TIME (MINS) FROM ELIZABETH LINE (DUE 2019) 5 10 TOTTENHAM COURT RD CANARY WHARF HAYES & HARLINGTON TRAVEL TIME (MINS) FROM 5 10 HEATHROW DLR CANARY WHARF HAYES & HARLINGTON AIRPORT HEATHROW DLR AIRPORT

4 THE SQUARE, STOCKLEY PARK 7 8 4 THE SQUARE, STOCKLEY PARK 4 THE SQUARE, STOCKLEY PARK 9 Accommodation

Extensively refurbished in 2014 & beneﬁts from an impressive double height reception, as well as upgraded lifts and common parts.

The property was constructed in 1999 and comprehensively refurbished in 2014. It provides the following:

• New VRF air conditioning • Full access raised ﬂoors • Metal tile suspended ceiling with LG7 compatible lighting • 3 passenger lifts and a goods lift • Male, female and disabled WC’s on each ﬂoor • 356 car parking spaces, ratio of 1:229 sq ft • Bike store • Redesigned reception and entrance • BREEAM UK Non-Domestic Refurbishment and Fit-Out 2014 ‘Excellent’

10 4 THE SQUARE, STOCKLEY PARK 4 THE SQUARE, STOCKLEY PARK 11 Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and provides the following approximate ﬂoor areas:

Floor Use Sq Ft Sq M Ground Reception 706 65.6 Ground O ces 19,245 1,787.9 First O ces 20,488 1,903.4 Second O ces 20,475 1,902.2 Third O ces 20,489 1,903.5 Total 81,403 7,562.6

Typical ﬂoor plan

12 4 THE SQUARE, STOCKLEY PARK Stockley Park

We understand that the property extends to approximately 3.95 acres (1.59 hectares).

W A Y

THE SQUARE

BOLINGBROOKE WAY

DAWLEY ROAD

THE SQUARE

For identiﬁcation purposes. Not to Scale.

4 THE SQUARE, STOCKLEY PARK 13 Tenancy

The property is multi-let to 3 tenants, as set out in the tenancy schedule below, providing a WAULT of 5.40 years to breaks and 5.75 years to expires.

Demise Tenant Area Passing Rent Passing Rent Lease Start Lease End Tenant Break (sq ft) NIA (pa) (psf) Option

Ground, 1st and Part 2nd Floor Hasbro UK Ltd 52,718 £1,437,730 £27.27 28/08/2013 27/08/2023 n/a

Part 2nd Floor Hasbro UK Ltd 5,198 £166,366 £32.01 03/03/2016 27/08/2023 n/a

Part 2nd Floor Rocket Software UK 3,980 £117,410 £29.50 31/07/2013 30/07/2023 31/07/2018

Part 3rd Floor HIKVision UK Ltd 5,260 £165,000 £31.37 24/03/2016 23/03/2021 n/a

Part 3rd Suite 1 VACANT* 9,400 £305,500 £32.50

Part 3rd Suite 2 VACANT* 4,168 £135,460 £32.50

The Winter Garden Hasbro UK Ltd 28/08/2013 27/08/2023 28/09/2018

Total 80,724 £2,327,466 £28.09

*Vendor to provide 24 months rental and 12 months rates and service charge guarantee on the vacancy.

Service Charge / Estate Charge Service Charge budget for the year ending June 2018 is currently £6.83 per sq ft. Estate Charge is currently £1.76 per sq ft. Full details available on request.

Business Rates Business rates are currently c. 10.50 psf. For further information please review the VOA website.

14 4 THE SQUARE, STOCKLEY PARK The property is multi-let to 3 tenants, as set out in the tenancy schedule below, providing a WAULT of 5.40 years to breaks and 5.75 years to expires.

Demise Tenant Area Passing Rent Passing Rent Lease Start Lease End Tenant Break (sq ft) NIA (pa) (psf) Option

Ground, 1st and Part 2nd Floor Hasbro UK Ltd 52,718 £1,437,730 £27.27 28/08/2013 27/08/2023 n/a

Part 2nd Floor Hasbro UK Ltd 5,198 £166,366 £32.01 03/03/2016 27/08/2023 n/a

Part 2nd Floor Rocket Software UK 3,980 £117,410 £29.50 31/07/2013 30/07/2023 31/07/2018

Part 3rd Floor HIKVision UK Ltd 5,260 £165,000 £31.37 24/03/2016 23/03/2021 n/a

Part 3rd Suite 1 VACANT* 9,400 £305,500 £32.50

Part 3rd Suite 2 VACANT* 4,168 £135,460 £32.50

The Winter Garden Hasbro UK Ltd 28/08/2013 27/08/2023 28/09/2018

Total 80,724 £2,327,466 £28.09

4 THE SQUARE, STOCKLEY PARK 15 Covenant

Hasbro U.K. Ltd 25 Dec 2016 25 Dec 2015 25 Dec 2014 Hasbro U.K. Ltd (Company No. 01981543) is a subsidiary of Hasbro Inc, the third (000’s) (000’s) (000’s) largest toy maker in the world with revenues of approximately $4.45 billion. Hasbro acquired the trademarks and products of Kenner, Parker Brothers and Sales Turnover £34,410 £28,269 £24,509 Milton Bradley, among others. Among its toy and game products are the iconic Proﬁt Before Taxes £10,670 £8,882 £7,073 Monopoly board game, G.I. Joe ﬁgurine, Furby electronic stu¢ed animal, Transformers toys, Nerf toy blasters and My Little Pony. The Hasbro brand also Tangible Net Worth £13,096 £15,992 £10,985 spawned TV shows, such as Family Game Night on the Discovery Family network, to promote its products. The corporate headquarters is located in Pawtucket, Net Current Assets (Liabilities) £6,697 £9,576 £5,023 D&B Rating 3A1 Rhode Island. The majority of its products are manufactured in East Asia.

Rocket Software UK Ltd 31 Dec 2016 31 Dec 2015 31 Dec 2014 Rocket Software UK Ltd (Company No. 04247316) is a subsidiary of the US firm (000’s) (000’s) (000’s) Rocket Software, a privately held software development firm founded in 1990 with a focus on helping clients and partners run their infrastructure, business processes, Sales Turnover £12,472 £13,538 £13,157 and data analytics using emerging technologies such as cloud and mobile. Profit Before Taxes £2,243 £1,399 £1,065 Rocket develops products in such fields as analytics, networks, data, storage, and enterprise software. The firm's products are designed to run on mainframes, Linux/ Tangible Net Worth £3,720 £908 (£1,031) Unix/Windows, IBM i, cloud, and hybrid/virtualized systems. Rocket has business Net Current Assets (Liabilities) £4,041 £1,350 (£762) and technology partnerships with IBM, EMC, Fujitsu, HP Enterprise Services, Hitachi Data Systems, and others. The company is headquartered in Waltham, D&B Rating 2A1 Massachusetts, USA, and has more than 30 o ces worldwide.

HikVision UK Ltd Hikvision UK Ltd (Company No. 08991238) forms part of Hikvision, founded in 31 Dec 2016 31 Dec 2015 31 Dec 2014 2001 by HIK Information Technology with the company having a 51% stake and Sales Turnover £2,564,144 £1,025,077 £124,016 Gong Hongjia a 49% stake. Hikvision made products for the video surveillance market. It devotes 8% of its annual revenue to research and development, with Proﬁt / (Loss) Before Taxes £109,625 £39,715 (£60,809) 18,000 employees and 7,181 engineers working for the R&D team by the end of Tangible Net Worth £166,217 £78,906 £39,191 2015. Hikvision has been listed on the Shenzhen Stock Exchange since 2010. The Net Current Assets (Liabilities) (£52,215) £44,482 £29,625 company provides surveillance products to the global market via more than 2,400 partners in 155 countries and regions, and has its presence in 18 locations around D&B Rating C1 the world. In October 2016, the company concluded a deal to use Movidius’

16 4 THE SQUARE, STOCKLEY PARK 25 Dec 2016 25 Dec 2015 25 Dec 2014 (000’s) (000’s) (000’s) Sales Turnover £34,410 £28,269 £24,509

Proﬁt Before Taxes £10,670 £8,882 £7,073

Tangible Net Worth £13,096 £15,992 £10,985

Net Current Assets (Liabilities) £6,697 £9,576 £5,023

31 Dec 2016 31 Dec 2015 31 Dec 2014 (000’s) (000’s) (000’s) Sales Turnover £12,472 £13,538 £13,157

Proﬁt Before Taxes £2,243 £1,399 £1,065

Tangible Net Worth £3,720 £908 (£1,031)

Net Current Assets (Liabilities) £4,041 £1,350 (£762)

31 Dec 2016 31 Dec 2015 31 Dec 2014

Sales Turnover £2,564,144 £1,025,077 £124,016

Proﬁt / (Loss) Before Taxes £109,625 £39,715 (£60,809)

Tangible Net Worth £166,217 £78,906 £39,191

Net Current Assets (Liabilities) (£52,215) £44,482 £29,625

4 THE SQUARE, STOCKLEY PARK 17 Stockley Park Amenities

The amenities boost the Stockley Park experience; a business community with convenient services, social meeting places and recreation all within a pleasant, waterside environment.

18 4 THE SQUARE, STOCKLEY PARK 4 THE SQUARE, STOCKLEY PARK 19 Occupational Market

Take-up in the wider South East has remained above the 10-year average in 2017 M4 Corridor Prime Rents despite the changing political and economic climate. Total take-up in the south east in Q2 2017 was 797,900 sq ft up 4% on Q1 2017 and this included some M1 large lettings to Grass Roots, Birds Eye and Royal College of Arts. M40 Focused along the M4, take-up for Q2 2017 totalled 214,000 sq ft which was 61% up on Q1 2017, 85% of this was new and Grade A o ce space showing that £36.00 UXBRIDGE occupiers are preferring new and high quality o ce space over lower tertiary o ce space.

Current development in progress in the south east stands at 2.7m sq ft and with £37.50 READING £39.00 MAIDENHEAD £35.00 STOCKLEY PARK the M4 accounting for 1.6m sq ft of o ce development, we anticipate to see a £57.00 CHISWICK total of 1.85m sq ft sq ft delivered throughout 2017, of which 891,862 sq ft has already been delivered in the first half of 2017. M4 Stockley Park has a total o ce stock of 1.5m sq ft over 23 buildings and is £28.00 HEATHROW regarded as one of Europe’s premier business parks. The most recent letting £59.00 HAMMERSMITH on the Park was completed in May 2017 to Verifone at 3 Roundwood Avenue leasing 21,086 sq ft and paying £33.50 per sq ft. Take-up at Stockley Park has totalled 139,612 sq ft since the beginning of 2015, £35.00 STAINES with the location continuing to attract and retain some of the world’s most M3 notable occupiers. Since the beginning of 2015, Volga Dneper, K2 Medical, M25 Kuehne & Nagel, Verifone and Hikvision have all committed to the Park. The Park continues to attract interest from big occupiers that are currently active in the market looking for alternative o ce space, such as Samsung, Worley Parsons, Novartis Pharma and Virgin Media to name a few. In the near Date Address Tenant Size Rent Comment future we anticipate prime rents at Stockley Park to rise to £37.50 per sq ft. (sq ft) (psf) u/o 5 The Square, Mitsubushi Heavy 8,000 Confidential Confidential Stockley Park Industries Prime Stockley Park Rents May 17 3 Roundwood Avenue, Verifone 21,068 £33.50 10 year lease, 5 year break, 40 Stockley Park 15 months’ rent free. M23 May 17 BP, 1 New Square, Birds Eye 36,549 £25.30 5 year sub-lease. Bedfont Lakes 30 £35.00 Nov 16 1 Roundwood Avenue, K2 Medical 7,804 £33.50 10 year lease, 5 year break,

£33.50 4 The Square Passing Rent Stockley Park 15 months’ rent free.

£29.50 (£28.83 per sq ft) May 16 World Business Centre Amadeus 86,618 £28.25 15 year lease, 18 months’ rent 20 £25.00 free.

£ per sq ft Mar 16 4 The Square, HiKVision 5,260 £31.50 5 year lease, 12 months’ rent Stockley Park free. 10 Dec 15 3 Roundwood Avenue, Volga Dnepr 21,582 £33.50 10 year lease, 5 year break, Stockley Park 12 months’ rent free. Aug 15 1 Roundwood Avenue, Keuhne+Nagel 15,651 £31.75 10 year lease, 3 year break, 0 Stockley Park 9 months’ rent free. 2005 2010 2015 2017

20 4 THE SQUARE, STOCKLEY PARK Investment Market

Despite a good start to the year, the ﬁrst half of 2017 will remain characterised by a lack of stock, with a weight of capital competing strongly for a lack of quality investment opportunities. As such, pricing has hardened over the past 6 months for prime stock. Prime yields currently stand at 5.25% NIY. Q3 2017 saw transaction volumes increase to record levels for a quarter, above £1.3bn, however this was largely driven by a few signiﬁcant transactions. Investor demand remains attracted to well located, quality grade A o ces with asset management potential, demonstrating reversionary potential, such as 4 The Square.

Date Address Purchase Tenant WAULT Price NIY Cap Value (psf)

Aug 17 1 Arlington Square, Bracknel London Capital Multi-let 4.4 yrs £22.10m 6.60% £261

Aug 17 Hunton House, Uxbridge Private Overseas British Alcan Aluminium Ltd 6.9 yrs £10.20m 5.93% £411

Jul 17 The Rivers, Rickmansworth Darin Partners Multi-let 6.9 yrs £33.50m 6.58% £322

Jul 17 Pinnacle, Reading Standard Life Multi-let 1.9 yrs £13.45m 6.75% £322

Jun 17 London Court, Reigate Schroders Multi-let 2.5 yrs £11.50m 6.80% £321

Apr 17 Lucidus, Watford M&G Real Estate Multi-let 1.0 yr £16.50m 6.20% £322

Feb 17 International House, Brighton Savills IM Multi-let 4.2 yrs £11.20m 6.00% £269

Feb 17 Parkside House, Epsom Epsom Council AON Benﬁeld 4.9 yrs £12.77m 6.25% £371

Dec 16 Braywick Gate, Maidenhead Royal London Asset Management Multi-let 3.7 yrs £19.05m 5.90% £478

4 THE SQUARE, STOCKLEY PARK 21 Investment Rationale

One of Europe’s premier business parks, underpinned by connectivity to Heathrow, Central London and the national motorway network.

Stockley Park has, and will continue to attract large corporates.

One of the best properties on the park, located within a prominent and attractive setting.

Following full refurbishment in 2014, minimal impending capital expenditure required.

Passing rent is reversionary, with opportunity to achieve uplifts at review.

Ongoing positive conversations with occupiers regarding the vacant accommodation, with the opportunity to improve the rental tone in the building.

Vacant suites are attractively sized and provide flexibility, allowing for a variety of asset management initiatives.

22 4 THE SQUARE, STOCKLEY PARK Further Information

For further information please contact: Tenure Freehold. Tim Smither 020 7861 1227 07876 145 909 EPC [email protected] Energy Performance Certiﬁcate – B(49). Henry Wyld 020 7861 1520 Capital Allowances 07768 833 478 [email protected] Information available on request.

Paul Modu VAT 020 7861 1673 07773 258 823 We understand the property will be treated as a Transfer of a Going [email protected] Concern (TOGC) for VAT purposes. Proposal O¢ers are sought in excess of £32,300,000 (Thirty Two Million Three Hundred Thousand Pounds) subject to contract and exclusive of VAT, reﬂecting a Net Initial Yield of 6.75% (after allowing for usual purchasers costs of 6.77%). A purchase at this price reﬂects a low capital value of £397 per sq ft.

IMPORTANT NOTICE (1) Particulars: These particulars are not an o¢er or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Knight Frank LLP has no authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). (2) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. (3) Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must ﬁnd out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. (4) VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Knight Frank LLP registered o ce is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. October 2017.

4 THE SQUARE, STOCKLEY PARK 23