Teleperformance Ltd, Unit 16, Ashby Park, Ashby De La Zouch, Leicestershire LE65

Industrial Investment

Teleperformance Ltd, Unit 16, Ashby Park, Ashby de la Zouch, Leicestershire LE65 1JF Industrial Investment Opportunity Teleperformance Ltd, Unit 16, Ashby Park, Ashby de la Zouch, Leicestershire, LE65 1JF

Investment Considerations

■■ Freehold

■■ Modern high specification industrial unit

■■ Let for a further 3.5 years

■■ Site area of 4.10 acres with low site A 5 d 1 a cover of 40% 1 o R m Location a ■■ Total accommodation area of 71,130 sq ft h ng (6,608 sq m) Ashby de la Zouch is located within the The excellent access to the national motorway tti No 2 heart of Leicestershire in the East Midlands. network enables direct links to a number of 4 87 A ■■ Passing rent of £465,000 per annum Ashby Park benefits from excellent transport major UK cities: B5 communications being situated less than ■■ We are instructed to seek offers of 0.5 miles from junction 13 of the A42 dual City Distance d carriageway, which provides direct access Nottingham 34 km (21 miles) oa

£4,880,000 (Four Million Eight Hundred d R ad a y to junction 23A of the M1 motorway, (8 am Ro o b h R A h and Eighty Thousand Pounds), subject Leicester 27 km (17 miles) tting s o y miles to the north), and junction 4 of the N 5 h A

t i 1

to contract and exclusive of VAT, which m 1 Birmingham 50 km (31 miles) S M6 motorway, (21 miles to the south). 2 1 reflects an attractive net initial yield of 5 Nottingham East Midlands Airport is located London 183 km (114 miles) A approximately 9%, after purchaser’s costs approximately 7.6 miles to the north. t of 5.80%. tree d S oo Situation W ■■ Ch d y A purchase at this level reflects a low Roa arterpo ge a int Ashby Park is a well established 43 acre Business Park comprising a mixture of Ran Way t W capital value of approximately tree headquarter office buildings, high quality warehouses and a developmentS of B1 d t l e e £68 per sq ft. rk i units, known as Charter Point. Notable occupiers on the Parka include Siemens, f M l a A Ceva and HK Wentworth. o 5 C 1 1 The property is situated on the western side of Coalfield Way which provides L e 2 A access to the A42 via the A511, a short distance to the north. Adjacent to i 4 s c A h e b Ashby Park is the Flagstaff 42 Industrial Estate which includes McVities’ s y t e R National Distribution Centre, totalling approximately 325,000 sq ft. r o R a e o n d The area is well served by amenities with a Tesco Extra and the Nottingham a a d L

Road Retail Park which includes retailers such a Wickes and Pets at Home w e located within one mile of the subject property. r c

C Drain Drain Industrial Investment

Description

Y A The property was constructed in 2002 to provide • A minimum eaves height of 9m (29.5ft). The tenant has undertaken significant works to W

D L a high specification warehouse, with ancillary office the property including a substantial fit out of the E I • 4 dock level and 2 level access loading doors F

L A accommodation, totalling 71,130 sq ft (6,608 sq m). office accommodation as well as the installation O C • Heating to the warehouse via gas fired hot air blowers

The property comprises a two bay steel portal frame of full height racking to part of the warehouse 6

1 • Lighting to the warehouse via sodium lights building with a pitched roof and elevations clad with accommodation to suit their occupational • Sprinkler system to the warehouse accommodation requirements. FB profiled steel sheeting and brickwork to the two storey offices. • High specification two storey offices benefiting from Externally, the property benefits from a large and The property was developed to a high specification, raised floors, suspended ceilings incorporating secure service yard to the rear. Tank which includes the following: fluorescent strip lighting and air conditioning

0m 25m 50m 75m

Doncaster M6 MANCHESTER Rotherham A1 (M) M60 t k c Gainsborough Warrington i r r A15 a SHEFFIELD A6 t P M56 Manchester s i l

D a

Macclesfield n A1 k A619 o Chesterfield Lincoln a i A614 t e a M1 P Mansfield N A6 Crewe A60 Newark-on-Trent A61 Stoke-on-Trent A1 Boston A50 NOTTINGHAM DERBY A52 M6 A516 A453 Nottingham City A50 A515 East Midlands Stafford AccommodationA15 Tenancy ASHBY-DE-LA-ZOUCH A444 A46 A606 The property is let to Teleperformance Ltd on a full building by a rent per square foot that would apply A42 A511 A1 Description Sq m Sq ft repairing and insuring lease commencing on 1st July to a conventional industrial/warehouse building with Warehouse 4,652 50,075 Telford M54 Tamworth 2002 and expiring on 31st March 2018, therefore 10% office content and without modification. The M42 LEICESTER providing approximately 3.5 years unexpired. hypothetical lease term is 10 years. Leicester Ground floor office/ 488 5,257 Wolverhampton A47 PETERBOROUGHcanteen The lease is subject to 5 yearly upward only rent The current rent is £465,000 equating to £6.53 per A6003 M69 M1 First floor offices 1,468 15,798 reviews. The annual rent is to be reviewed to the higher sq ft overall. This equates to a warehouse rental, as BIRMINGHAM A5 of the rent passing or 131% of the rent calculated devalued under the rent review provisions, of £4.99 M6 TotalA1 (M) 6,608 71,130 M5 Birmingham by multiplying the gross internal floor area of the per sq ft. A508 Kidderminster COVENTRY Ketting M42 Rugby Teleperformance Ltd, Unit 16, Ashby Park, Ashby de la Zouch, Leicestershire, LE65 1JF

Teleperformance

Covenant Teleperformance Ltd (formerly MM Teleperformance Ltd) is part of the global Teleperformance brand with over 135,000 employees in 45 countries. The company had a global revenue of $3.23bn in 2013. Teleperformance provides a range of hi-tech business functions, customer channels and contact media. From the subject property, Teleperformance operate a number of call-centre contracts for companies such as Identity and Passport Service, Allied Irish Bank and N-Power. Teleperformance Ltd (02060289) produced the following accounts for the following three years:

31/12/2011 31/12/2012 31/12/2013 Turnover £70,056,000 £147,447,000 £154,962,000 Pre-Tax Profit -£731,000 £10,630,000 £7,350,000 Total Net Worth £5,302,000 £14,490,000 £19,389,000

Tenure Freehold

Site The site totals approximately 1.66 hectares (4.10 acres) providing a site density of 40%.

EPC EPC rating: C53 (Available on request). Proposal VAT We are instructed to seek a price of £4,880,000 (Four Million Eight Hundred and Eighty Thousand Pounds), We understand the property has been elected for VAT and therefore subject to contract and exclusive of VAT, which reflects an attractive net initial yield of approximately 9%, after VAT will be chargeable on the purchase price. We anticipate that the purchaser’s costs of 5.80%. A purchase at this level reflects a low capital value of approximately £68 per sq ft. transaction will be treated as a transfer of a going concern (TOGC).

For further information or to make arrangements for viewing please contact:

Alex Butler Mark Dansky 020 7543 6722 020 7543 6813 [email protected] [email protected] www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD www.commandHQ.co.uk 11.14