Prime Investment/ Development Opportunity

PRIME INVESTMENT/ DEVELOPMENT OPPORTUNITY

GEFCO UK LTD, EUROHUB, GEDDINGTON ROAD, CORBY, NN18 8AA PRIME INVESTMENT OPPORTUNITY GEFCO UK LTD, EUROHUB,GEDDINGTON ROAD, CORBY, NN18 8AA

Investment Summary

› Rare opportunity to acquire a substantial freehold site of 35 acres (14.16 hectares), currently used as a car storage facility with a 52,325 sq ft (4,860.9 sq m) modern industrial unit

› Located in an established industrial location on Eurohub

› Excellent transport communications being situated 0.4 miles (0.6 km) east of the A43 and 8 miles (13 km) north of the A14 which provides direct access to the M1, A1, M6, and M11 motorways.

› Let to Gefco UK Ltd with a parent company guarantee from Gefco SA on Full Repairing and Insuring (FRI) lease expiring 29th July 2021.

› The passing rent is £1,320,021.24 per annum exclsuive.

› Excellent ongoing asset management potential including future redevelopment.

We are instructed to seek offers in excess of £16,250,000 (Sixteen Million Two Hundred and Fifty Thousand Pounds), reflecting a Net Initial Yield of 7.61% assuming purchaser’s costs of 6.73%. PRIME INVESTMENT OPPORTUNITY GEFCO UK LTD, EUROHUB,GEDDINGTON ROAD, CORBY, NN18 8AA

Location The location continually attracts major distribution operators given its access to 80% of the Uk’s population within a 4.5 hour HGV drive time. Corby is an established strategic

Situated 10 miles (16 km) north of Kettering and distribution location in the heart of the within easy access of major conurbations such as Leicester 25 miles (40 km) to the west, Northampton East Midlands. 24 miles (39 km) to the south and Peterborough 25 miles (40 km) to the east, Corby benefits from accessibility to an estimated catchment

population within a 30 minute drive of 700,000 rising A15 14 Burton A17 to approximately 7,000,000 within 60 minute drive. A51 23a Stafford upon Trent A151 A518 Given the proximity to labour, wages in the area are A42 M1 Loughborough A46 Melton A1101 13 Rugeley A38 23 Spalding A511 A6 Mowbray 18.3% lower than the UK average. A47 A607 A1 A16 A449 Cannock 22 12 11 A46 A606Stamford Wisbech Corby is surrounded by several major ‘A’ roads 11a T8 T7 11 T6 Lichfield M42 Leicester M54 T5 A1 2 1 T4 21a Peterborough providing excellent access to the national 10a Tamworth Oakham 1 2 2

A47 A A47 Brownhills 10 21

motorway network and major cities. London is 6 10 M6 Toll A47 A1139 A444 0 March Wolverhampton 9 Walsall T3 Hinckley A6 0 approximately 90 miles (145 km) to the south and 8 7 T2 3 A43 17 A454 A38 9 2 M6 T1 A446 Nuneaton Birmingham 63 miles (101 km) to the west. 1 A5 Market 16 Dudley 1 6 5 4a 8 2 M69 Harborough A427 A605 A141 7 4 A1(M) Stourbridge M6 3 15 20 A616 Road connectivity is excellent with the A43 3 6 A45 Coventry2 M6 M1 A142 A449 1 connecting to the A14 which in turn provides BIRMINGHAM 5 19 A14 CORBY 14 A141 A448 4 4 Kettering Ely direct access to the A1 (M) to the east and the M1 L 2 A14 4a 1 3 3a A46 18 16 A43 A45 (Junction 19) and M6 Motorway interchange to M42 M45 17 A508 Bromsgrove Royal A45 Huntingdon the west. Wellingborough A10 5 Leamington A14 A435 Newmarket A1 Warwick1514 Spa A14 A45 A6 14 Redditch 13 A428 M5 16 13 6 15a Northampton Worcester A428 Cambridge12 12 15 A509 Bedford 11 7 A46 Stratford- M40 A11 upon-Avon A508 10 A5 A505 9 11 A421 14 A43 A6 8 A429 A1 1 Banbury 13 A505 A46 10

9 A44 M1 A10 9 A421 12 M11 M5 Stow-on- 10 8 Bishop’s 10 A5 the-Wold A4421 Milton Keynes Luton A44 Stevenage Stortford8a 11 7 11 Cheltenham A602 A120 8 9 10a 11a A418Dunstable 10 A1(M) A41 A34 6 Hertford A417 Aylesbury 9 A40 Hemel 5 Oxford Hempstead St Albans 4 A414 Harlow A429 8 3 8a 7 M1 7 Chelmsford A40 A413 A41 1 2 Hatfield A414 Stroud 8 A10 7 2121a 22 M25 20 6 23 1 24 25 26 27 Amersham 19 6 Cirencester 6 High 5 Wycombe PRIME INVESTMENT OPPORTUNITY GEFCO UK LTD, EUROHUB,GEDDINGTON ROAD, CORBY, NN18 8AA

PHOENIX PARK WAY ROCKINGHAMEarlstrees RD Industrial Estate Situation A1 PETERBOROUGH The Subject property has direct access to Geddington Road (A6116) with the A43 Trunk Road A6116 approximately 0.5km to the south and Corby town A6 LEICESTER UPPINGHAM RD centre 1km to the west. A6003 WILLOW BROOKS Weldon Industrial Estate The Property is in an established commercial area just to the south of the main industrial areas of Weldon and Earlstrees Industrial Estates. A427 A427 COTTINGHAM RD COTTINGHAM RD A43 A427 GEDDINGTON RD WESTCOTT WAY OAKLEY RD JUBILEE AVE SOWER LEYS RD GEFCO UK LTD A6086

GAINSBOROUGH RD OAKLEY RD

UPPINGHAM RD DANESHOLM RD A6116

A43

OAKLEY RD

A6003

STAMFORD RD COVENTRY

A14 PRIME INVESTMENT OPPORTUNITY GEFCO UK LTD, EUROHUB,GEDDINGTON ROAD, CORBY, NN18 8AA

OAKLEY RD

A427

GEDDINGTON RD A6086 PRIME INVESTMENT OPPORTUNITY GEFCO UK LTD, EUROHUB,GEDDINGTON ROAD, CORBY, NN18 8AA

Description The cars are parked on either tarmac or hardcore shale surfaces with a pre-delivery inspection unit (PDI) towards the front of the facility.

The entire site benefits from a high level of security with a fence and lighting around the perimeter together with a gatehouse and barrier access on Geddington Road.

The PDI facility is a late 1990’s industrial unit internally sub divided to provide a preparation workshop, body shop, mechanical workshop, washdown area and administrative offices.

The unit is a steel portal frame construction with profile steel cladding beneath a coated profile metal sheet roof with 10% roof lights. The property has an eaves height of approximately 4m. The site is used for the storage and The preparation workshop has two roller shutter doors to the front elevation, five roller shutter doors preparation/pre delivery inspection of to the side elevation, sodium lighting and exhaust extraction equipment. Peugeot and Citroen cars. The office and amenity block comprise administrative offices, canteen and separate WC facilities for works

93.0m

6 1

and office staff. The office specification includes R B E H S S 41 E Wier M E R G 1 R 3 O V 37 E 3 3 1 5 Chy 55

1 21 9

92.0m 8 suspended ceilings, recessed lighting and gas 1

D T ROA SCOT 2 7 Depot D r d D a OA i n N R n U ELDO S

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J 2 A 9 95.1m

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R 3 2

central heating. O 3 A

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ROAD MES

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Tanks

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Electricity Sub Station

Accommodation L T E

Depot The property has been measured in accordance with Pond

Pond the RICS code of measuring practice and provides the

L El Sub Sta ET following Gross Internal Floor Area:

W a r d B d y

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S Industrial Estate

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Pond Description sq m sq ft Industrial Estate L ET

Depot

Warehouse/Office 4,860.9 52,325 Def

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d le t n The site area is approximately 35 acres. a m is D

0m 50m 100m 150m

Tenure Freehold Tenancy The property is let in its entirely to Gefco Uk Ltd with a parent company guarantee from Gefco SA for a term of 20 years from 30th July 2001, expiring 29th July 2021 (approximately 5.25 years Gefco UK Ltd (registration number 01544410) summary of accounts over the last three years unexpired) on a full repairing and insuring lease. can be seen below: There are no further reviews. 2014 2013 2012 £000 £000 £000 The current passing rent is £1,320,021.24 pax. Turnover £146,873 £118,610 £116,796 The lease is excluded from the security and tenure provisions of the Landlord and Tenant Pre-tax Profit £6,751 £1,957 -£461 Act 1954. Net Assets £12,691 £8,956 £7,680

Covenant Gefco SA (parent company guarantee) recent accounts are as follows: The company was founded in 1949 and is based in Courbevoie, France with operations worldwide. 2013 2012 GEFCO S.A. provides integrated logistics solutions €000 €000 and is one of the top 10 in its field in Europe. The company specialises in outbound automotive Turnover €3,993,000 €3,602,000 logistics and inbound overland logistics, customs and tax representations, storage, Current Operating Income €95,500 €109,000 pre-delivery inspection, post-production operation, vehicle customization, merchandise Net Profit €55,000 €43,000 transportation, vehicle distribution, sourcing, Total Assets €1,396,500 €1,332,500 vehicle preparation and renovation, containers management, sales and marketing. It serves industrial, automotive, two-wheeler, aeronautic, electronic, consumer goods, and business-to- business markets in France and internationally.

As of December 20, 2012, GEFCO S.A. sold 75% of its business to Russian Railways RJD for €800m. The remaining 25% is owned by PSA Peugeot Citroen. PRIME INVESTMENT OPPORTUNITY GEFCO UK LTD, EUROHUB,GEDDINGTON ROAD, CORBY, NN18 8AA

VAT We understand that the property is elected for the purposes of VAT. It is proposed that the transaction will be structured by way of a transfer of a going concern.

EPC An EPC is available upon request.

PROPOSAL We are instructed to seek offers in excess of £16,250,000 (Sixteen Million Two Hundred and Fifty Thousand Pounds), reflecting aNet Initial Yield of 7.61% assuming purchaser’s costs of 6.73%.

COMPANY PURCHASE The property is held in an off shore spv which is available to purchase.

Additional information is available on request. Additional Information John Reavley Should you require any further information or 020 3667 8404 wish to carry out an inspection please do not E: [email protected] hesitate to contact either: Andrew Barrs BCMRE 020 3667 8408 St Christophers House E: [email protected] St Christophers Place London, W1U 1NZ Will Wynn-Williams T: 020 3667 8400 020 3667 8410 E: [email protected]

Misrepresentation Act: These particulars are issued, without responsibility on the part of the vendor, BCMRE, or any of their respective employees or agents and serve only as an introductory guide to the premises. No part of them constitutes a term of a contract or a statement or representation upon which any reliance can be placed. Any person with an actual or prospective interest in the premises must satisfy themselves as to any matter concerning the premises by inspection, independent advice or otherwise. Neither BCMRE, nor any of their employees or agents have authority to make or give any representation or warranty as to the premises whether in this report or otherwise. Unless otherwise stated all figures quoted are to be considered exclusive of VAT. The plans are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and does not form part of any contract. Design and produced by PLP London T:020 3137 3079 • plplondon.com