JARROLD WAY INDUSTRIAL ESTATE | NR5 9JD

PRIME TRADE COUNTER INVESTMENT 2

INVESTMENT SUMMARY

Prominently positioned amongst Norwich’s prime Passing rent of £318,050.50 per annum, We have been instructed to seek offers in excess of industrial area reflecting a average rent of £5.68 per sq ft overall £5,685,000 (Five million six hundred and eighty five Excellent accessibility to the A47, Norwich’s Attractive WAULT of 6.4 years to breaks and thousand pounds) which reflects a net initial yield of southern bypass which connects to the A11 and 7.2 years to expiry 5.25%, a reversionary yield of 5.84% and a low capital national motorway network value of £101 per sq ft, assuming standard purchaser’s Diverse and strong tenant line up of national costs of 6.62%. Part freehold / Part virtual freehold operators and established local companies 12 high quality industrial/trade counter units, 58% of income let to tenants rated 5A1 by further 2 units sold off long leasehold Dun & Bradstreet Comprises 55,977 sq ft Proven reversionary income through successful recent letting and regears SCARBOROUGHSCARBOROUGH

A170

THIRSK A170 A 165

North Yorkshire M oors A 168

RIPON

Yorkshire Dales MORECAMBE BRIDLINGTON

LANCASTER

STAMFORD DRIFFIELD H ARROGATE BRIDGE

SKIPTON YORK

A614

A 165

TADCASTER KEIGHLEY

BEVERLEY

BLACKPOOL LEEDSL EEDS BRADFORD BURNLEY SELBY HULL PRESTON BLACKBURN

HALIFAX

D EWSBURY

WAKEFIELD

SOUTHPORT HUDDERSFIELDHUDDERSFIELD

ROCHDALE THORNE BURY SCUNTHORPE HATFIELD ORMSKIRK BARNSLEY WIGAN DONCASTERDONCASTER

LEIGH MANCHESTER

ST HELENS ROTHERHAMROTHERHAM LIVERPOOL STOCKPORT BIRKENHEAD A LTRINCHAM SHEFFIELD

RUNCORN CHAPEL-LE-FRITH

WORKSOP

ELLESMERE PORT KNUTSFORD

A15 A158 MACCLESFIELDMACCLESFIELD

CHESTERFIELDCHESTERFIELD M6 LILINCOLN COL N

BAKEWELL

CHESTER

MANSFIELD M1

LEEKLEEK CREWECREWE ALFRETONA LFRETON A15 NEWNENEWARD-ON-TRENTW A R D -ON - T REN T

WREXHAM HUCKNALLHUCKNALL NEWCASTLE-UNDER-LYME ASHBOURNA SHBOURNE E SSTOKE-ON-TRENT OKE-ON-T REN T DENBYDENBY A60 SLEAFORD A52 BOSTON NOTNONOTTINGHAT T I N GHA M A50 A5 1 5 M1 A51 A52 HUNSTANTON DERBYDERBY A52JARROLDA601 WAY1 INDUSTRIAL ESTATE 3 A52 GRANTHAGRANTHAMM HOLT CROMER A46 LITTLE A511LONG1 LONG EATON N A52 A50 WALSINGHAM A453 A607 S NETTISHAM A148 MUNDESLEY M6 A50 A51 A518 BRISTON

EAST MIDLANDS FAKENHAM A140 NORTH BURTONBURTON A606 WALSHAM UPONUPON TRENTRENTT A453 LOCATION A15 STANFORDSTANFORD COLSTERWORTH A148 A513 A46 MELTONM ELTON A5 1 5 A511 A518 LOUGHBOROUGLOUGHBOROUGH H MOWBRAMOWBRAYY GREAT B OURNE STALHAM A1 A149 MASSINGHAM KING’S LYNN A34 A6 M1 A460 A38 A444 A607 A51 Norwich is the county town of and A5 CANNOCKCANNOCK LANGHALANGHAMM DEREHAM LICHFIELDLICHFIELD N ORWICH A47 INTERNATIONAL the largest of the major East Anglican centres,A606 STAMFORDSTAMFORD M54 M6 TOLL SWAFFHAM A34 TTAMWORTHA MWORTMWORT H situatedLEILELEICESTERI C ES 110T E Rmiles north east of London and NORWICH A47 A47 DOWNHAM A461 65 miles north east of Cambridge. A47 A1122 MARKET GREAT A444 WOLVERWOLVERHAMPTOH AMPTOAMPTO N WWALSALA LSALL ASUTTON45SUTTON2 A47 A146 COLDFIELDCOLDFIELD M42 A5 YARMOUTH M69 PEPETERBOROUGHT ERBOROUERBOROU G H A1065 WYMONDHAM The city benefits from excellent communications A1 A454 A143 HINCKLEHINCKLEYY and is served by the A11 trunk road which links B ROMWROMWICHICH NUNEATONNUNEATON ATTLEBOROUGH DDUDLEYU D LEY A43 A605 M6 to the M11 and A14, the main arterial routes from A442 B IRMIIRMINGHAMNGHNGH A M A5 CORBYCORBY London and the Midlands toA42 East7 Anglia. The A10 A11 LOWESTOFT M1 A134 BIRMINGHAM M6 A5 STOURBRIDGESTOURBRIDGE Norwich Northern Distributor opened in 2017 A605 A140 A442 A456 A45 A1 (M) A41 M42 M6 and consists of 8.7 miles of dual carriageway A141 C OVEOVOVENTRYE N TRY THETFORD A491 A435 KETTERINGKETTERING ELY A1066 KIDDERMINSTERKIDDERMINSTER SOLIHULSOLSOL I H U L L that links theA14 A47 to the south east of the city A142 A441 A46 RRUGBU GBY A45 A11 A143 A508 A14 with Norwich International Airport to the north. A14 M42 A452 HALESWORTH M40 HHUNTINGDONU N TINGDON M45 A456 A43 REDREREDDITCD D ITC H Frequent train services are also available from A6 A45 A426 Norwich to London (Liverpool Street)RUSHDEN RwithUSHDEN a A12 ROYAL M5 A435 fastest journey time of approximately 1 hour A14 A425DAVENTRYDAVENTRY LELEAMINGTOA MIN G T O N M1 BURY ST SPA NORTHAMPTONNORTHAMPTON 47 minutes. In addition Norwich international A6 EDMUNDSEDMUNDS A45 A428 A428 A46 CAMBRIDGECAMBRIDGE A14 WORCESTEWORCE S TER A422 airport is situated just over 4 miles to the north

STRATFORD-UPON-AVON STRATFORD-UPON-AVON A428 OAKLEYOAKLEY A4440 A423 and offers flights to various destinations in the M11 A429 A428 A46 and Europe. BEDFORDBEDFORD GREATGREAT TOWCESTERTOWCESTER A4103 MALVERNMALVERN M40 M1 KEMPSTONKEMPSTON

EVESHAMEVESHAM NEWPORTNEWPORT PAGNELLPAGNELL A134 A5 A44 BANBURYBANBURY A43 A505 A47 MILTON 3.8 miles IPSWICH M1 A11 KEYNES 5 miles A1 M50 A46 A12 A14 BUCKINGHAMBUCKINGHAM Ipswich 43 miles DRIVING A5 A6 A131 DISTANCES: M11 (J14) 65 miles FELIXSTOWE LEIGHTONLEIGHTON M11 PeterboroughBUZZARBUZZARDD 74 miles A1(M) A10 A5 HARWICH A44 BICESTERBICESTER CHELTENHAM STEVENAGESTEVENAGE STANSTED A12 A40 A429 COLCHESTER GLOUCESTERGLOUCESTER A120 Ipswich A418 41 mins LUTON A436 WOODSTOCKWOODSTOCK A41 A34 A12 CambridgeAYLESBURYAYLESBURY 80 mins

M5 A40 A417 Peterborough 90 mins JOURNEY TIMES A41 M1 A414 A138 OXFORD(FROM NORWICH): HEMELHEMEL A40 London Liverpool 107HEMPSTEA HEMPSTEAmins D D M11 Street CHELMSFORD CIRENCESTERCIRENCESTER Not to scale. A413 LONDOLONDONN Indicative only. A34 A4010 M40 AMERSHAMAMERSHAM M25 A419 FARINGDONFARINGDON ABINGDONABINGDON WATFORDWATFORD A1 CHEPSTOWCHEPSTOW HIGH A10 A433 A429 WYCOMBEWYCOMBA355E B RENTWOODBRENTWOOD NEWPORTNEWPORT M1 A406 WICKFORDWICKFORD A406 M4 DIDCOTDIDCOT M40 PINNERP INNER M48 MALMSBURYMALMSBURY A1400 RAYLEIGRAYLEIGHH M4 GERRARDSGERRARDS A12 A127 BASILDON C ROSS CROSS A1 A10 SWINDONSWINDON A404 A41 A13 A34 HENLEY-ON-THAMESHENLEY-ON-THAMES A40 A11 A406 SOUTHEND-ON-SEA M49 A406 MAIDENHEADMAIDENHEAD UXBRIDGEUXBRIDGE M4 A501 M25 SLOUGHSLOUGH M25 A3220 LONDONA13 LONDON CITY A13 A12 A117 M32 A4 A2 WINDSOWINDSORR GREENWICHGREENWICH HOUNSLOWHOUNSLOW A307 M5 CHIPPENHAMCHIPPENHAM A282 READINGREADING HEATHROW WANDSWORTHWANDSWORTHA203 LEWISHAMLEWISHAM BRISTOLBRISTOL A46 M4 A30 A2 SHEERNESSSHEERNESS A214 A205 BEXLEYBEXLEY DARTFORDDARTFORD GRAVESENDG RAVESEND MARLBOROUGHMARLBOROUGH BRACKNELLBRACKNELL KINGSTONKINGSTON HUNGERFORDHUNGERFORD M4 U PON THAMES WOKINGHAMWOKINGHAM A308UPON THAMES A20 BRISTOL A4 NEWBURYNEWBURY ASCOTASCOT A23 A346 A309 A3 BECKENHAMBECKENHAM MARGATE BATHBATH A24 MELKSHAMMELKSHAM A34 CROWTHORNECROWTHORNE CROYDON CHATHAM A249 A38 WEYBRIDGEWEYBRIDGE A240 CROYDON A232 CHATHAM A28 SUTTONSUTTON DEVIZESDEVIZES A299 PEWSEYPEWSEY A339 A243 M20 A228 SITTINGBOURNESITTINGBOURNE A37 CAMBERLEYCAMBERLEY A299RAMSGATE EPSOME PSOM M25 M2 TROWBRIDGETROWBRIDGE M3 WOKINGWOKING A28 M25 A22 A33 A23 FARNBOROUGHFARNBOROUGH M26 M2 A338 WESWESTT A3 A217 A25 A2 LEATHERHEADLEATHERHEAD MALLINGMALLING CANTERBURY BASINGSTOKEBASINGSTOKE SEVENOAKSSEVENOAKS MAIDSTONEMAIDSTONE M3 A331 A24 M25 OXTEDOXTED ALDERSHOTALDERSHOT FROMEFROME GUILDFORDGUILDFORD A256 REIGATEREIGATE A31 A26 WELLSWELLS WARMINSTERWARMINSTER ANDOVERANDOVER FARNHAMFARNHAM M20 A22 A229 A28 A303 TONBRIDGETONBRIDGE GODALMINGGODALMING A2

A303 A24 GATWICK M23 ASHFORDASHFORD GLASTONBURYGLASTONBURY A36 A31 ROYALR OYAL A3 A350 A264 TUNBRIDGETUNBRIDGE A39 EASTEAST WELLS DOVER GRINSTEAD WELLS CRAWLEYCRAWLEGRINSTEADY A37 A34 M3 A20 A303 A21 M5 A26 A2070 WILTONWILTON SALISBURYSALISBURY A31 HASLEMEREHASLEMERE FOLKESTONE WINCHESTERWINCHESTER HORSHAMHORSHAM

A23 A36 A24 A303 SHAFTSBURYSHAFTSBURY PETERSFIELPETERSFIELD D A254 A272 EASTLEIGHE ASTLEIGH A3 A272 STALBRIDGESTALBRIDGE M271 A350 SOUTHAMPTON YEOVILYEOVIL A338 M27 SOUTHAMPTONSOUTHAMPTON A303

CREWKERNECREWKERNE A31 CHARDCHARD HYTHEHYTHE HAVANTHAVANT ARUNDELARUNDEL A27 A27 BRIGHTON A350 A27 A37 PORTSMOUTH BEAMINSTER BEAMINSTER WORTHINGWORTHING A354

GOSPORTGOSPORT BOGNORBOGNOR REGISREGIS A35 LYMINGTONLYMINGTON COWESCOWES A35 A35 SELSEYSELSEY LYMELYME REGISREGIS POOLEPOOLE A35 BOURNEMOUTHBOURNEMOUTH NEWPORTNEWPORT

BEMBRIDGEBEMBRIDGE ISLE OF WIGHTWIGHT

WEYMOUTH SWANAGESWANAGE A47 A1074

D E R E H A M R O A D

2 NORWICH 3 CITY CENTRE 5 AY 9

Y R E H SW D E A M R O A D

WA 10

N B A R N A A G R D R O FRANCI A D R

O

M 1

4 W B A R N A R D R O A D E N BOWTHORPE 6 8 D

E PARK

7 N

E J A R R O L D WAY 11 C H A P E L B R E A K R O A D O A D C L O V E R H I L L R SITUATION

JARROLD WAY Jarrold Way Industrial Estate is a prime industrial and INDUSTRIAL ESTATE

A1074 S W

trade destination situated approximately 3.5 miles E

E D E R E T 1 B Redpack Packaging Machinery west of Norwich city centre H A M R R

I OA D A

R

A47 R 2 MIGSOLV Data Centre It forms part of the wider Bowthorpe Park Industrial O

A Estate, an established and prominent cluster of D 3 Kettle Chips commercial property which comprises c.250,000 sq 4 Nielsen Brandbank M R OA D ft of industrial accommodation E A R L H A NORWICH 5 Bowthorpe Park Industrial Estate WAT T D C O N ROA O Site is accessed from Barnard Road, off Dereham L M UNIVERSITY OF A N 6 EAST ANGLIA R Isuzu O Road (A1074) which in turn connects with the town A D centre 7 Meltemi LITTLE Situated 1.5 miles south east of the A47 trunk road MELTON 8 Fox Joinery which forms Norwich’s southern bypass and connects A146 9 Namco Funscape D A11 A to the A11 and wider national motorway network O

R H 10 Best Western Brook Hotel C I

Local occupiers include NHS, Kettle Chips, Royal Mail, W S

P I 11 Sinclair International Best Western and Kuehne & Nagel CRINGLEFORD JARROLD WAY INDUSTRIAL ESTATE 5

1

v A47

3 2 5 4

6

9 10 8 7 11

1 Longwater Business and Retail Parks 2 Redpack Packaging Machinery 3 MIGSOLV Data Centre 12 4 Nielsen Brandbank 5 Kettle Chips 6 Bowthorpe Park Industrial Estate 7 Fox Joinery 8 Meltemi 9 Isuzu 10 Namco Funscape 11 Best Western Brook Hotel

12 Sinclair International NORWICH v JARROLD WAY INDUSTRIAL ESTATE 6

DESCRIPTION

This property was constructed in the early 1980s and provides 55,977 sq ft of industrial accommodation. The estate comprises six terraces, providing a total of 12 industrial units (14 units including units 10-12).

The units are of steel portal frame construction with pitched roofs. The roofs are covered in profiled metal cladding, with glass reinforced plastic (GRP) rooflights.

The elevations comprise low-level brickwork, with high-level profiled metal cladding.

Each unit benefits from a steel roller shutter door to the front elevation of unit with the exception of Units 20, 22 and 24 where it is located on the side elevation.

Internally, the units provide open plan warehouse accommodation. Office accommodation to the front of the units comprises concrete blockwork walls, suspended floors and ceilings.

The external areas comprise macadam service yards and parking areas. JARROLD WAY INDUSTRIAL ESTATE 7

ACCOMMODATION SITE

The property has been measured in accordance with the RICS Property Measurement The site comprises approximately 4.1 acres (1st Edition) 2015 and comprises the following Gross Internal Areas (GIA). (1.65 hectares) reflecting a low site cover of 32%. Freehold Virtual Freehold

Area (sq ft) Area (sqm) Unit EPC Ground First Total Ground First Total 3 4,163 439 4,602 386.8 40.8 427.6 D(82)

ROAD 5 4,175 221 4,396 387.9 20.5 408.4 D(82) BARNARD

7 4,484 340 4,824 416.6 31.6 448.2 C(75)

9 4,500 - 4,500 418.1 - 418.1 C(75) 15 11 4,873 988 5,861 452.7 91.8 544.5 D(100) 11 1 395 7 14 3,777 3,777 350.9 350.9 C(64)

15 4,876 864 5,740 453.0 80.3 533.3 D(100)

16 4,077 4,077 378.8 378.8 C(69)

18-20 8,186 440 8,626 760.5 40.9 801.4 D(78) JARROLD WAY

22 4,467 4,467 415.0 415.0 D(96)

24 4,472 635 5,107 415.5 59.0 474.5 D(96) Total 55,977 5,200.7 10 12 14 16 18 20 22 24

TENURE

CHA PEL BREAK ROAD Part freehold / part virtual freehold – 999 years from 2 2 0 2 3 1 January 1998 at a peppercorn rent. 2 Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey 1 8 Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved 40 20 to 26 18 28

7 2 TOTTI NGTON C JARROLD WAY INDUSTRIAL ESTATE 8

TENANCY SCHEDULE

The property is let to 7 tenants on 7 FRI leases producing an annual passing rent of £318,050.50 per annum, reflecting £5.68 per sq ft overall. Following the letting of Unit 16 and the successful regear negotiations over Units 3-9 and 22 the estate benefits from an attractive WAULT of 6.4 years to breaks and 7.2 years to expiry.

Lease Dates Contracted Rent ERV Area 1954 Unit Tenant Rent Per sq Per sq Comments (sq ft) Start Expiry Annual Annual L&T Act Review ft ft

3 Lintott Control Systems Limited 4,602 14/06/2019 13/06/2029 14/06/2024 £27,627 £6.00 £29,913 £6.50 In 6 months' rent free. Vendor to top up

5 Lintott Control Systems Limited 4,396 14/06/2019 13/06/2029 14/06/2024 £26,391 £6.00 £28,574 £6.50 In 6 months' rent free. Vendor to top up

7 & 9 Lintott Control Systems Limited 9,324 14/06/2019 13/06/2029 14/06/2024 £55,975 £6.00 £60,606 £6.50 In 6 months' rent free. Vendor to top up

10 & 12 Lucy Brown t/a Rollerdor - 08/10/2015 07/10/3014 £1 - £1 - Sold off Long Leasehold at a peppercorn,

Castle Colour Packaging Current rent £34,250 pa until 23/02/2021. 11 & 15 11,601 24/06/2019 23/06/2029 24/06/2024 £68,500 £5.90 £69,606 £6.00 In Vendor to top up to £68,500 pa. Limited Subject to a schedule of condition

14 Sinclair International Limited 3,777 08/04/2015 07/04/2020 £16,056.50 £4.25 £24,551 £6.50 Out Subject to a schedule of condition

16 Rollerdor Limited 4,077 01/11/2018 31/10/2023 01/11/2021 £24,500 £6.01 £26,501 £6.50 Out

Tenant break option 24/05/2022 subject to 18 & 20 Screwfix Direct Limited 8,626 24/05/2017 23/05/2027 24/05/2022 £40,000 £4.64 £51,756 £6.00 In 6 months' prior written notice. Subject to a schedule of condition

22 Lyreco UK Limited 4,467 02/05/2019 01/05/2024 £29,000 £6.50 £29,000 £6.50 Out Subject to a schedule of condition

Tenant break option 28/07/2021 subject 24 Royal Mail Group Limited 5,107 28/07/2018 27/07/2023 £30,000 £5.87 £33,196 £6.50 In to 12 months’ prior written notice.

Substation - 19/02/1982 18/02/2003 - -

Total 55,977 £318,050.50 £5.68 £353,737 £6.32 JARROLD WAY INDUSTRIAL ESTATE 9

TENANTS’ COVENANTS

LINTOTT CONTROL SYSTEMS CASTLE COLOUR PACKAGING SCREWFIX DIRECT LIMITED LYRECO UK LIMITED LIMITED (05539447) LIMITED (02601602) (03006378) ( 0 0 4 4 2 6 9 6 ) 1A2 – 35% 2A1 – 22% 5A1 – 13% 5A1 – 9% Lintott is renowned for delivering packaged Established in 1991 by a group of Screwfix is part of Kingfisher plc, the With a group turnover in excess of €2bn products which have been designed, packaging experts the business was international home improvement company, in 2014, Lyreco ranks amongst the first modelled, built & tested within the factory bought by the current family owners in with over 1,200 stores in 10 countries worldwide distributors of workplace supplies environment. The company dates back to 2002. Today the company is a leading UK across Europe. Screwfix is convenient, solutions. They are active in 42 countries the late 1970s and has undergone multiple packaging manufacturer. They produce a straightforward and affordably-priced, across 4 continents employing over 9,000 mergers and acquisitions. The company range of carton board packaging products helping its trade customers get the job people. majors on health & safety excellence, for customers in the UK and Europe from done quickly, affordably and first time. collaboration, value, people-engagement, this fully integrated site in Norwich. Screwfix offers over 32,000 products innovation & game-changing digitisation. available for pick up from 636 stores nationwide.

ROYAL MAIL GROUP LIMITED ROLLERDOR LIMITED SINCLAIR INTERNATIONAL (04138203) (10676267) LIMITED (02645817) 5A1 – 9% 1A2 – 8% 4A1 – 5% Royal Mail is the sole provider of the Rollerdor are on of the UK’s specialists Founded in Norwich over 30 years ago, Universal Service in the UK. The Group in roller garage doors. They have over Sinclair pioneered the development of delivers a 6 days-a-week, one price goes 10 years of experience in manufacturing patented technology in automatic high- anywhere postal service to more than garage doors. speed fruit labelling systems for individual 29 million addresses across the UK. pieces of fresh produce. Today they deliver a comprehensive offering of food- safe, fresh produce labels and labelling equipment that enable packers and shippers to showcase their brand identity. JARROLD WAY INDUSTRIAL ESTATE 10

FURTHER INVESTMENT MARKET INFORMATION COMPARABLES

Each individual EPC rating is detailed in the Date Address Area WAULT Price Net Initial Capital Value accommodation table. The EPC certificates and (sq ft) (Breaks) Yield (£psf) recommendation reports are available upon request. Nov-19 Mills Road Industrial Estate, Aylesford 57,016 2.2 £8,390,000 5.40% £147

The property benefits from planning consent for use Project Turbine Sep-19 200,000 6.9 (2.7) £38,350,000 4.35% £192 B1(c) and B8 of the Town and Country (Use Classes) (Guildford, Chelmsford & Oxford) Order 1987. Aug-19 Units 1-10, Nuffield Close, Cambridge 34,128 £5,000,000 5.00% £147

The current service charge budget for the year is Aug-19 Epsom Business Park, Epsom 35,380 8.3 (5.7) £7,300,000 5.00% £206 £12,750 per annum, equating to £0.20 per sq ft. Units 1-8, Coldhams Road Industrial Aug-19 31,976 £9,240,000 4.05% £289 Further details are available upon request. Estate, Cambridge

Jun-19 Trident Industrial Estate, Hoddesdon 150,350 £21,850,000 4.25% £145

Mar-19 Pincent Kiln Industrial Estate, Theale 62,711 3.5 (2.5) £9,250,000 5.30% £148 TRAMWAY INDUSTRIAL ESTATE 11

ANTI MONEY LAUNDERING CONTACT The Purchaser will be required to provide information as required and requested in order to comply with our For further information or to arrange an inspection, please contact one of the following: Anti-Money Laundering policy.

VAT The property is elected for VAT purposes and it is anticipated that the sale will be treated as a transfer or a going concern. Jonnie Ray Tim Cuzens Ryan Meader [email protected] [email protected] [email protected] 0207 534 0994 0207 534 0992 0207 534 0995 PRICING 07917 647 652 07900 263 493 07585 446 354 We have been instructed to seek offers in excess of £5,685,000 (Five million six hundred and eighty five Misrepresentation Act 1967. Cortex Partners, for themselves and the vendors of the property whose agents they are, give notice that: 1) These particulars are a general outline only for the guidance of prospective purchasers and do not constitute the whole or any part of an offer or contract; 2) Cortex Partners cannot guarantee the thousand pounds) which reflects a net initial yield accuracy of any descriptions, dimensions, references to condition, necessary permissions of use and occupation and other details contained herein and therefore prospective purchasers must not rely on them as statements of factor representations and must satisfy themselves as to accuracy; 3) Cortex Partners or their employees do not have any authority to make or give representation or warranty of 5.25%, a reversionary yield of 5.84% and a low or enter into any contract whatever in relation to this property; 4) Rents and prices quoted may be subject to VAT in addition; 5) Cortex Partners will not be liable in negligence or otherwise for any loss arising from the use of these particulars; 6) No responsibility can be accepted for any expenses occurred by intending purchasers in inspecting properties which have been sold or withdrawn; 7) Cortex capital value of £101 per sq ft, assuming standard Partners have not made any investigations into the existence or otherwise of any issues concerning pollution, potential land, air or water contamination. The purchaser is responsible for making their own purchaser’s costs of 6.62%. enquiries in this regard; 8) All maps are for illustrative purposes only. January 2020 www.cube-design.co.uk (Q4353)