George William Price limited A well established property investment and management company owning 8 freehold properties

A rare opportunity to acquire a clean well founded property company

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George William Price LIMITED

Home > A rare opportunity to purchase a well established clean property INVESTMENT company owning 8 property assets within the East Midlands. Investment Summary SUMMARY > Full financial information on the company including accounts, George William Price Ltd tax computations, VAT Returns, etc are available by entering into an NDA. Portfolio Locations > 8 property assets providing a mixed portfolio of office, retail and industrial properties. The Lace Market, > Asset management opportunities. Woolpack Lane, Nottingham > Well based rentals throughout the portfolio offering prospects for rental growth. Market Place, > Current income: £649,054 per annum. THE OSSINGTON, NEWARK Meadowbank Way, Eastwood > Rent roll will increase to at least £704,054 per annum when the vacant suites are relet Langham Park, Donington > Purchase price of the company based upon a portfolio value Mountsorrel, Leicestershire of £8 million. The Ossington, Newark > Calculated by adopting an 8% yield and applying purchasers costs of 5.8% > SDLT does not apply to sales of the shareholding within the company. VAT 37 STONEY ST, NOTTINGHAM 39 STONEY ST, NOTTINGHAM LANGHAM PARK, CASTLE DONINGTON Further Information Capital Gains Tax Proposal Contact

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George William Price LIMITED

Home George William Price Limited was established GEORGE in 1911 and became recognised as a worldwide Investment Summary WILLIAM name within the lace industry, trading until 1986 George William Price Ltd when the trading assets and liabilities of the PRICE company were de-merged and onwardly sold. Portfolio Locations LTD George William Price Limited is now a Property Management and Investment Company which The Lace Market, Nottingham looks after the 8 properties onwardly described Woolpack Lane, Nottingham within the property portfolio, having no external borrowing. Market Place, Mansfield Full financial and corporate information on Meadowbank Way, Eastwood George William Price Limited is available and held Langham Park, Donington within the secure data room and this information can be made fully available to interested parties Mountsorrel, Leicestershire upon entering into the Non Disclosure Agreement.

The Ossington, Newark For the financial year ending 30th June 2015 THE OSSINGTON , NEWARK the company reported a turnover of £637,958 VAT with profit on ordinary activities prior to taxation being £541,811. Further Information The data room also holds a full suite of the Capital Gains Tax relevant property documentation including Proposal title summaries, copies of the Occupational Leases and Licences held, service charge Contact accounts, VAT Registration documents and EPCs where appropriate.

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George William Price LIMITED

Home PORTFOLIO Chesterfield Investment Summary LOCATIONS A1 George William Price Ltd A614 MANSFIELD A46 Portfolio Locations A 37 Stoney Street, The Lace Market, D Nottingham, NG1 1LS The Lace Market, Nottingham E B 39 Stoney Street, The Lace Market, A60 NEWARK-ON-TRENT Woolpack Lane, Nottingham Nottingham, NG1 1LX M1 A6 Eastwood Open Car Park, Woolpack Lane, Market Place, Mansfield C Belper F Nottingham, NG1 1GH A46 Meadowbank Way, Eastwood D Instant Cash Loans Retail Unit / The Money Shop, Langham Park, Donington Market Place, Mansfield, NG18 1HU A52 NOTTINGHAM AB A52 Mountsorrel, Leicestershire E Zizzi Restaurant, The Ossington, Castle Gate DERBY C / Great North Road, Newark, NG24 1BH Grantham The Ossington, Newark F Offices of Check Point, Meadowbank Way, Eastwood, NG16 3SB H A607 VAT Castle Donington G Offices of TSG, Granite Way, Mountsorrel, A46 A606 Further Information Leicestershire, LE12 7TZ A42 Loughborough A1 Capital Gains Tax H Unit A1, Langham Park Industrial Estate, A6 Melton Mowberry Castle Donington, DE74 2UT Proposal Mountsorrel M1 G Contact A46 M42 LEICESTER 4 A47 < HOME >

George William 37 STONEY STREET Price LIMITED THE LACE MARKET, NOTTINGHAM NG1 1LS

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottingham Woolpack Lane, Nottingham Market Place, Mansfield Meadowbank Way, Eastwood Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William 39 STONEY STREET Price LIMITED THE LACE MARKET, NOTTINGHAM NG1 1LX

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottingham Woolpack Lane, Nottingham Market Place, Mansfield Meadowbank Way, Eastwood Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William 37/39 STONEY STREET Price THE LACE MARKET, NOTTINGHAM VICTORIA LIMITED BUS STATION NG1 1LS / NG1 1LX

A60 Glasshouse St A60 Home Kent St A60 DESCRIPTION LOCATION VICTORIA THE CENTRE CORNER HOUSE Investment Summary THEATRE 37 and 39 Stoney Street provide two of the Nottingham’s quarter mile square St ROYAL Lower Parliment St A610 most prominent and best known multi let Lace Market area is the heartbeat of George William PriceDerby Ltd Rd A60 office buildings within Nottingham’s Nottingham’s Creative Quarter, being Huntingdon St Portfolio Locations Lace Market. 37 Stoney Street offers located on the East side of Nottingham NOTTINGHAM A60 approximately 36,000ft² of accommodation City Centre. Its heritage, as evidenced NOTTINGHAM COUNCIL HOUSE PLAYHOUSE OLD MARKET SQ A60 over ground, basement and three upper from the area’s name is based upon The Lace Market, Nottingham Stoney St Fletcher Gate levels with 39 Stoney Street offering the lace industry. 37 & TRENT FM Woolpack Lane, Nottingham ARENA approximately 14,000ft² over ground, A60 Lower Parliment St The Lace Market street scene is THE LACE basement and four upper floors. Market Place, Mansfield MARKET A60 characterised by the traditional multi Bellar Gate A6008 A612 Both buildings are of traditional Victorian storey Victorian mill architecture and the Meadowbank Way, Eastwood Castle Gate Middle Hill Lace Mill architecture being constructed area’s heritage has in the main been Maid Marian Way BROADMARSH 39 SHOPPING of brickA612 elevations under pitched slate retained and protected by its conservation Langham Park, Donington CENTRE and flat roofs. area status. We understand that both 37 Castle Rd A6008 Mountsorrel, Leicestershire A6008 and 39 Stoney Street are listed buildings. BUS STATION Canal St The properties have been well refurbished The Ossington, Newark Castle Blvd A6005 Canal St CANAL A60 offering good quality open plan offices. The Lace Market now offers a vibrant and distinct mixed use location within Station St On and off site car parking for both VAT London Rd Nottingham and its brand and attraction A453 buildings is provided within the car parks Rd RAILWAY STATION means that it is a business location which on Barker Gate and at Woolpack Lane. Further Information is identified by both professional and Queens Rd Capital Gains Tax A6019 creative office occupiers who are attracted by the quality of the location and the Proposal character that is provided by the buildings Contact within The Lace Market. There has been a noticeable resurgence in demand for offices within The Lace Market. 7

< HOME > 37 STONEY STREET 39 STONEY STREET

George William 37/39 STONEY STREET Price THE LACE MARKET, NOTTINGHAM LIMITED NG1 1LS / NG1 1LX

Home TENANCY SCHEDULE Investment Summary 37 STONEY STREET George William Price Ltd Floor Tenant Lease Term Lease Expiry Floor Area ft2 Rent Per Annum Rent Per ft2 Basement Bistro Live 15 years 30.09.2017 7,200 £49,300 £6.85 Portfolio Locations Ground (right)1 Vacant - - 2,966 - - Ground (left) Secretary of State for Work & Pensions 9 years 08.12.2017 4,200 £42,500 £10.12 The Lace Market, Nottingham First Poppleston Allen2 10 years 01.04.2023 7,184 £63,104 £8.78 Woolpack Lane, Nottingham Second (right) Init Innovations in Transport Limited3 5 years 23.08.2018 2,725 £22,500 £8.26 Market Place, Mansfield Second (left) Linsco Construction4 5 years 30.06.2018 4,466 £40,000 £8.96 5 Meadowbank Way, Eastwood Third Little Fish (IT Support) 10 years 12.03.2025 7,200 £70,000 £9.83 Total 35,941 £287,404 Langham Park, Donington 1. The property has been recently been no less than £30,000 per annum. A higher 2. The Poppleston Allen rent review is 1st 3. Init have the ability to break the lease at 5. The Little Fish rent review is subject to vacated by Walton and Allen as a rental is achievable on refurbishment. April 2018. PA benefit from six months rent the end of the third year. In such event review by reference to RPI. The maximum Mountsorrel, Leicestershire consequence of the Tenant company A refurbishment programme is currently free with effect from 1st April 2016 and that they trigger the break then a penalty rental payable being £72,800 per annum. entering liquidation. The suite was being considered. from 1st April 2020. PA can break the of £2,812.50 is payable. The minimum rental payable on review The Ossington, Newark previously let at a rental of £30,000 per lease as at 31st March 2020 by serving being £70,700 per annum. Little Fish annum. It is FHP’s view that the premises six months notice. 4. Linsco have the benefit of rent free periods may break in March 2020 by serving six are capable of being re-let at a rental of for the months July 2016 and July 2017, months notice. i.e. two 1 month rent free periods. VAT 39 STONEY STREET Further Information Floor Tenant Lease Term Lease Expiry Floor Area ft2 Rent Per Annum Rent Per ft2 Capital Gains Tax Basement Vacant - - 1,900 - - Proposal Ground Vacant - - 1,574 - - Contact Part Ground & First Couch Perry & Wilkes LLP 5 years 19.05.2019 3,048 £29,500 £9.68 Second Appinst Limited 3 years 17.05.2018 2,729 £28,500 £10.44 Third WT Partnership 10 years 12.03.2019 2,729 £27,250 £9.99 8 Fourth Cox Freeman Limited 3 years 23.02.2018 1,937 £20,000 £10.33 < HOME > Total 13,917 £105,250

George William 37/39 STONEY STREET Price THE LACE MARKET, NOTTINGHAM LIMITED NG1 1LS / NG1 1LX

Home CAR PARKING TENANT PROFILE

Investment Summary GWP Ltd own the freehold of two open tarmac surfaced car The Lace Market is the heart of Nottingham’s Creative Quarter George William Price Ltd parks. The car park adjacent to 37 Stoney Street accessed and is the home to a balanced mix of digital, service sector from Barker Gate has 24 spaces and the car park on and professional companies. Portfolio Locations Woolpack Lane provides 16 car parking spaces. The Tenant mix within 37 and 39 Stoney Street is reflective of the Tenant mix within the area. The Lace Market, Nottingham ASSET MANAGEMENT OPPORTUNITIES Within 37 Stoney Street one finds Poppleston Allen who are Woolpack Lane, Nottingham nationally recognised as a leading licencing firm of Solicitors, Walton and Allen have recently vacated a ground floor suite having been formed and grown organically within Market Place, Mansfield of approximately 3,000ft² within 37 Stoney Street which was Nottingham they now also have offices within London. Meadowbank Way, Eastwood previously let on a lease at £30,000 per annum. Little Fish have recently relocated to 37 Stoney Street, having There is part of the ground floor and the basement vacant Langham Park, Donington refurbished their offices to a high standard, being IT experts within 39 Stoney Street which offers the potential to increase with offices in London, Nottingham and Manchester. Mountsorrel, Leicestershire the rental within the building by approximately £25,000 The Ossington, Newark per annum. On the ground floor of 37 Stoney Street one finds The Secretary of State for Works and Pensions in 4200 square feet GWP Limited were in the process of evolving refurbishment and a vacant suite of 3,000 square feet. VAT and new marketing proposals for this accommodation which offers the ability to improve the rental tone within both Linsco Specialist Recruitment Consultants and Init Further Information buildings and create greater life / impact within the reception Innovations and Transportation Limited are located of 39 Stoney Street. on the second floor. Capital Gains Tax Proposal The strength of The Lace Market as a location which serves the property sector is demonstrated by the Tenant line up Contact SINKING FUNDS TO BE TRANSFERRED within 39 Stoney Street which is the home to Cox Freeman The property is sold with the benefit of the sinking funds Limited (a well established Nottingham Architectural accumulated which are understood to be £133,600 for Practice) the Nottingham Office of WT Partnership (a national practice of Quantity Surveyors / Project Managers) and 9 37 Stoney Street and £45,000 for 39 Stoney Street. Couch Perry Wilkes who are specialists in environmental < HOME > building services.

George William 37/39 STONEY STREET Price THE LACE MARKET, NOTTINGHAM LIMITED NG1 1LS / NG1 1LX

Home COVENANT STRENGTH TENURE

Investment Summary The Tenants are primarily profiled as being low risk by It is understood that both properties and both George William Price Ltd Experian as follows: car parks are freehold. Portfolio Locations 37 STONEY STREET Risk Score Tenant (out of 100) Risk Status The Lace Market, Nottingham Bistro Live Limited 84 Low risk

Woolpack Lane, Nottingham Linsco Limited 97 Very low risk

Market Place, Mansfield Little Fish (UK) Ltd 94 Very low risk

Meadowbank Way, Eastwood Poppleston Allen 71 Below average risk Init Innovations & Langham Park, Donington 96 Very low risk Transportation Ltd Mountsorrel, Leicestershire 39 STONEY STREET The Ossington, Newark Risk Score Tenant (out of 100) Risk Status VAT Apinst Limited 30 Above average risk

Further Information Couch Perry Wilkes 83 Low risk

Capital Gains Tax WT Partnership 91 Very low risk

Proposal Cox Freeman Limited 71 Low risk Contact

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George William OPEN CAR PARK Price LIMITED WOOLPACK LANE NOTTINGHAM NG1 1GH

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Notts

Woolpack Lane, Nottingham Market Place, Mansfield Meadowbank Way, Eastwood Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William OPEN CAR PARK Price VICTORIA WOOLPACK LANE BUS LIMITED STATION NOTTINGHAM NG1 1GH

A60 Glasshouse St Home DESCRIPTION LOCATION A60 Kent St A60 Investment Summary The property comprises an open car park The site is located within the heart of VICTORIA THE CENTRE CORNER laid to tarmac fronting Woolpack Lane, The Lace Market as previously described.HOUSE George William Price Ltd THEATRE approximately 75m from 37 Stoney Street. Wollaton St ROYAL Lower Parliment St Portfolio Locations A610 A60 There are 16 marked out spaces within the Derby Rd 37 car park. All of the cars are demised to Huntingdon St The Lace Market, Notts Tenants within 37 / 39 Stoney Street. NOTTINGHAM A60 Woolpack Lane, Nottingham NOTTINGHAM COUNCIL HOUSE Woolpack Ln PLAYHOUSE OLD MARKET SQ A60 Market Place, Mansfield

Fletcher Gate NATIONAL Meadowbank Way, Eastwood ICE CENTRE & TRENT FM ARENA Langham Park, Donington A60 Lower Parliment St THE LACE MARKET A60 Mountsorrel, Leicestershire Bellar Gate A6008 A612 The Ossington, Newark Castle Gate Middle Hill Maid Marian Way BROADMARSH SHOPPING A612 VAT CENTRE

Castle Rd Further Information A6008 A6008 Capital Gains Tax BUS STATION Canal St Castle Blvd Proposal A6005 Canal St CANAL A60 Contact Station St London Rd A453 Wilford Rd RAILWAY STATION 12 < HOME > A6019 Queens Rd

George William OPEN CAR PARK Price WOOLPACK LANE LIMITED NOTTINGHAM NG1 1GH

Home ASSET MANAGEMENT Investment Summary OPPORTUNITY George William Price Ltd A number of buildings on, or in close proximity to Woolpack Lane, have Portfolio Locations been demolished and redeveloped principally for residential purposes.

The Lace Market, Notts The site would undoubtedly present itself as an opportunity for such Woolpack Lane, Nottingham development. Market Place, Mansfield We have made no enquiries to Meadowbank Way, Eastwood in this regard but we would anticipate that Langham Park, Donington they would be supportive of any such Mountsorrel, Leicestershire proposals to reinstate buildings in this location which we understand The Ossington, Newark were lost through bomb damage in World War 2. VAT Further Information

Capital Gains Tax Proposal Contact

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George William 5 MARKET PLACE Price LIMITED MANSFIELD NG18 1HZ

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottinghm Woolpack Lane, Nottingham

Market Place, Mansfield Meadowbank Way, Eastwood Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William 5 MARKET PLACE Price MANSFIELD LIMITED NG18 1HZ

Home DESCRIPTION

Investment Summary The property comprises a mid terrace George William Price Ltd three storey retail unit with upper floors fronting Mansfield’s Market Square and Portfolio Locations constructed of traditional materials of rendered elevations under a pitched roof. The Lace Market, Nottinghm Woolpack Lane, Nottingham LOCATION

Market Place, Mansfield The property is prominently located fronting Mansfield’s Market Place, the Meadowbank Way, Eastwood centrepiece of Mansfield’s pedestrianised Langham Park, Donington Town Centre. Mountsorrel, Leicestershire Mansfield’s relationship with both Nottingham and the M1 are important to The Ossington, Newark the Town’s proposed onward growth. Council have issued a VAT resolution to grant planning consent for the southern urban extension of the town Further Information which will see 1,700 homes and Capital Gains Tax approximately 60 acres of employment / commercial development being developed Proposal parallel with the A617 Mansfield and Contact Ashfield Regeneration Route.

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George William 5 MARKET PLACE Price MANSFIELD LIMITED NG18 1HZ

Home TENURE TENANCY

Investment Summary The property is freehold. The property is let to Instant Cash Loans George William Price Ltd Limited on the residue of a ten year lease granted 10th February 2010 with the Portfolio Locations current rental being £20,000 per annum.

The Rent Review effective 11th February The Lace Market, Nottinghm 2015 is currently in hand. Woolpack Lane, Nottingham EPC Market Place, Mansfield An EPC has been commissioned and will Meadowbank Way, Eastwood shortly be available. Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William BUILDING 1 MEADOWBANK WAY Price LIMITED EASTWOOD NG16 3SB

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottinghm Woolpack Lane, Nottingham Market Place, Mansfield

Meadowbank Way, Eastwood Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William BUILDING 1 MEADOWBANK WAY Price EASTWOOD LIMITED NG16 3SB

Home DESCRIPTION LOCATION

Investment Summary The property comprises a detached The property is located within the George William Price Ltd 1980s built two storey office building Meadowbank Way employment park constructed of brick elevations under which is accessed off the A610 Portfolio Locations a pitched tiled roof located within the approximately 4 miles West of Junction courtyard with three similar buildings 26 of the M1. Meadowbank Way is home and provided with 26 car parking spaces. to a mixture of office and warehouse The Lace Market, Nottinghm users, the adjacent office buildings Internally the specification provides Woolpack Lane, Nottingham being occupied by HSP Engineering and carpet finishes and plaster emulsioned Sutton Leach. Neighbouring occupiers Market Place, Mansfield walls with ceiling mounted fluorescent include Royal Mail, Greene King and lighting. Meadowbank Way, Eastwood Warburtons Bakery. Langham Park, Donington Mountsorrel, Leicestershire Aldercar A610 The Ossington, Newark

Meadowbank Way VAT Coppice Dr A608 Further Information Old Derby Rd Capital Gains Tax Proposal A608 Eastwood Contact

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George William BUILDING 1 MEADOWBANK WAY Price EASTWOOD LIMITED NG16 3SB

Home FLOOR AREA

Investment Summary We understand that the premises have George William Price Ltd a net internal floor area of 4,458ft². Portfolio Locations LEASE

The Lace Market, Nottinghm The property is let on the residue of a Woolpack Lane, Nottingham three year lease granted 7th January 2015 drawn on fully repairing and Market Place, Mansfield insuring terms. The lease is Meadowbank Way, Eastwood contracted outside of the provisions of The Landlord and Tenant Act 1954. Langham Park, Donington The current rental is £36,000 per Mountsorrel, Leicestershire annum (£8.08 per ft²) which is subject The Ossington, Newark to annual review by reference to RPI.

EPC COVENANT RENTAL EVIDENCE VAT The building has an EPC rating of D85. Checkpoint Systems Inc employ 4,700 people worldwide FHP have recently let Unit 2 Meadowbank Way, a self Further Information providing merchandise availability solutions for the contained building of 3,061ft² with 17 car parking spaces Capital Gains Tax retail industry including loss prevention and to HSP Consulting Limited at a rental of £30,000 per annum merchandise visibility. (£9.80 per ft²). Proposal The UK company is Checkpoint Systems (UK) Limited who The lease was granted for a ten year term incorporating Contact are appraised at 49 out of 100. For the year ending 28th reviews at the end of the 3rd, 6th and 9th years of the term December 2014 the company turned over £11,117,000 and drawn on a fully repairing and insuring basis. showing pre-tax profit of £237,000 and reported The Tenant received a six month rent free period granted Shareholder’s funds of -£3,407,000. 19 to the lease. < HOME >

George William UNIT A1 Price LIMITED LANGHAM PARK INDUSTRIAL ESTATE DE74 2UT

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottinghm Woolpack Lane, Nottingham Market Place, Mansfield Meadowbank Way, Eastwood

Langham Park, Donington Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William UNIT A1 Price LANGHAM PARK INDUSTRIAL ESTATE LIMITED DE74 2UT

Home DESCRIPTION LOCATION

Investment Summary Unit A1 Langham Park Industrial Estate provides Langham Park is located within the Trent Lane The existence of the Airport (the second largest George William Price Ltd a steel portal framed end of terrace light industrial / Industrial Estate and forming part of the wider Castle freight Airport in the UK) combined with Castle warehouse located within the Langham Park Donington Industrial Estate areas formed by Willow Donington’s central location to Nottingham and Portfolio Locations Industrial Estate accessed from Trent Lane in Farm, Trent Lane and the East Midlands Distribution Derby led to the growth of the Industrial Estates Castle Donington. Centre accessed via the A6504 from the A50(T) in the 1970s / 1980s. approximately three miles West of Junction 24 / The Lace Market, Nottinghm Langham Park (Castle Donington) comprises a The area has expanded considerably since the 24a of the M1. development of 13 units constructed in three facing 1990s as a consequence of the construction of Woolpack Lane, Nottingham blocks / terraces offering units which range in size Castle Donington sits equidistant to both Derby and the A50(T) which provides linkage between the Market Place, Mansfield from 4,000ft² to 20,000ft². Nottingham which are both approx 12 miles distant, M1 and the M6 with the ongoing development of accessed via the A38 and the A453 respectively. the East Midlands Distribution Centre attracting Meadowbank Way, Eastwood Unit A1 comprises an end of terrace unit of steel significant occupiers and dominated by the framed construction of approx 6m eaves with brick East Midlands Airport is located approximately 2.5 Langham Park, Donington Marks and Spencer 1 million square foot and profile clad elevations under a low pitched and miles to the South and is accessed from Junction e-commerce Distribution Centre. Mountsorrel, Leicestershire sheeted insulated roof. The warehouse is accessed 23a of the M1. by a single level access service door from the front The Ossington, Newark elevation with separate personnel door accessing the office and WC accommodation. A50 1

VAT Car parking for 6 cars is provided to the front Trent Lane A50 Further Information of the property together with concrete surfaced HGV access. 24a Capital Gains Tax Station Road Proposal M1 Contact Hemington Lockington Trent Lane A453

21 24 < HOME > Castle Donington A6 Castle Donington

George William UNIT A1 Price LANGHAM PARK INDUSTRIAL ESTATE LIMITED DE74 2UT

Home TENURE COVENANT

Investment Summary The property is freehold. Jaymax Leisure specialise in providing George William Price Ltd drinks and snacks to the leisure and LEASE amusement markets in Great Britain. Portfolio Locations The property is let to Jaymax Leisure Limited RENTAL EVIDENCE on the residue of a five year lease granted The Lace Market, Nottinghm 30th November 2012 on fully repairing and Unit B3 Langham Park was let with effect Woolpack Lane, Nottingham insuring terms. from 29th April 2015 on a five year lease at a rental of £27,000 per annum The current rental is £28,500 per annum Market Place, Mansfield (£5.29 per ft²). (£5.09 per ft²). Jaymax have the benefit of a Meadowbank Way, Eastwood rent free period December 15 – February 16. The lease was granted on fully repairing Langham Park, Donington and insuring terms with the Tenant FLOOR AREA receiving six months rent free at the outset. Mountsorrel, Leicestershire The property provides a gross internal floor Unit A4 Langham Park was let 1st July The Ossington, Newark area of 5,597ft². 2015 on a five year term to Whitehouse Construction at a rental of £22,500 per VAT EPC annum reflecting £5.46 per ft². The lease was drawn on fully repairing and insuring Further Information The building has an EPC rating of C62. terms and no rent free was granted. Capital Gains Tax Proposal Contact

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George William GRANITE WAY Price LIMITED MOUNTSORREL LE12 7TZ

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottinghm Woolpack Lane, Nottingham Market Place, Mansfield Meadowbank Way, Eastwood Langham Park, Donington

Mountsorrel, Leicestershire The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

23 < HOME > George William GRANITE WAY Price MOUNTSORREL LIMITED LE12 7TZ

Home DESCRIPTION LOCATION

Investment Summary The property comprises a detached two storey office Mountsorrel is located approximately 3 miles South George William Price Ltd building of brick elevations under pitched tiled roof of Loughborough and 9 miles North of Leicester, with aluminium powder coated double glazed accessed by the A6(T) dual carriageway. Portfolio Locations windows situated within a self contained site The village has a reported population of offering a high level of onsite car parking and approximately 6,700 persons with the town being otherwise soft landscaped. The Lace Market, Nottinghm synonymous with Charnwood Granite. Internally the property provides carpeted floor Woolpack Lane, Nottingham The convenience of the location and its accessibility finishes within the office accommodation, plastered via the A6 has led to the location being established Market Place, Mansfield and emulsioned walls, suspended ceilings with inset as an office location. lighting and comfort cooling. Meadowbank Way, Eastwood Male, female and disabled WC facilities are provided Langham Park, Donington to both floors. Shepshed Loughborough A46 A6 Mountsorrel, Leicestershire A512 The floor area is 7,756ft² (720.56m²). A512 J23 A6004 The Ossington, Newark Barrow upon Soar Nanpanton Quorn VAT Granite Rd Leicester Rd Sileby Further Information Mountsorrel A6 M1 Capital Gains Tax Woodhouse Eaves Loughborough Rd A46 Proposal Leicester Rd Contact Swithland Rothley

A511 A6 24 J22 A46 Syston < HOME > A50 Newtown Linford

George William GRANITE WAY Price MOUNTSORREL LIMITED LE12 7TZ

Home TENURE CAR PARKING

Investment Summary The property is freehold. 43 car parking spaces are provided on site. George William Price Ltd TENANCY RELETTING STRATEGY Portfolio Locations The property is currently occupied by TSG IT TSG have confirmed that they intend to Support Services on the residue of a ten year vacate the property at the end of the lease. The Lace Market, Nottinghm lease expiring 1st May 2016 drawn on fully They have not as of yet found new premises Woolpack Lane, Nottingham repairing and insuring terms. and it is possible that they may wish to renew on a short term basis. Market Place, Mansfield The current rent passing is £95,000 per annum, £12.24 per ft². FHP are liaising with Mather Jamie who will Meadowbank Way, Eastwood be instructed to market the premises on freehold / leasehold terms with the asking Langham Park, Donington FLOOR AREAS terms being based off the proven rental tone Mountsorrel, Leicestershire The property has a net internal floor area of £12.50 per ft² achieved on two recent of 7,756ft². lettings on adjacent office premises. The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William THE OSSINGTON Price LIMITED NEWARK NG24 1BH

Home Investment Summary George William Price Ltd Portfolio Locations

The Lace Market, Nottinghm Woolpack Lane, Nottingham Market Place, Mansfield Meadowbank Way, Eastwood Langham Park, Donington Mountsorrel, Leicestershire

The Ossington, Newark

VAT Further Information Capital Gains Tax Proposal Contact

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George William THE OSSINGTON Price NEWARK LIMITED NG24 1BH

Home DESCRIPTION

Investment Summary The Ossington Building and Mews is a prominent George William Price Ltd landmark within Newark on Trent, located in a highly prominent location at the intersection of Castle Gate Portfolio Locations and the Great North Road.

The Ossington comprises a Grade II Listed building of The Lace Market, Nottinghm Tudor style which dates back to circa 1881 when the Vice Countess Ossington proposed the establishment Woolpack Lane, Nottingham of a coffee tavern within the town. Market Place, Mansfield GWP own the freehold of The Ossington Building and Meadowbank Way, Eastwood Mews which provides a Zizzi Restaurant and the adjacent Smalley and Stopps retail outlet at the Langham Park, Donington ground floor, with five residential apartments Mountsorrel, Leicestershire occupying the upper floors of the main Ossington building with a mews of four residential units being The Ossington, Newark located to the rear.

The building’s construction is principally brick VAT elevations under a tiled roof with the building being Further Information famous for its feature Tudor style render and timbered elevation overlooking the River Trent and Capital Gains Tax the Newark Castle. Proposal Contact

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George William THE OSSINGTON Price NEWARK LIMITED NG24 1BH

Home LOCATION

Investment Summary The Ossington is one of the best known landmark George William Price Ltd buildings in Newark on Trent, located at the intersection of Castle Gate, London Road and the Portfolio Locations Great North Road, opposite to the remains of Newark Castle and adjacent to the River Trent.

The Lace Market, Nottinghm Newark on Trent is an attractive and expanding Market Town with a resident population of 25,376 Woolpack Lane, Nottingham accessed by the A46 / A1 intersection in North East Market Place, Mansfield .

Meadowbank Way, Eastwood The Town’s strategic importance has been recognized by the fact that it was designated as a Langham Park, Donington Regional Growth Centre and planning consent has Mountsorrel, Leicestershire been granted for the Southern Relief Road which will connect the A1 with the A46 at Farndon which The Ossington, Newark is planned as providing an additional 2,600 houses and approximately 200 acres allocated for VAT employment development. Further Information The Town draws shoppers from an affluent catchment witnessed by the strength of retailing Capital Gains Tax which exists within the Town and there is an ongoing Proposal demand for a number of High Street brands and restaurants seeking to gain representation within Contact the Town.

It is reported that there are some 5.7 million visitors to the Town annually with a reported non grocery 28 spend of £358 million and a reported annual spend < HOME > of £28 million from tourism.

George William THE OSSINGTON Price NEWARK LIMITED NG24 1BH

Home FLOOR AREAS TENANCIES

Investment Summary The Ask Restaurants unit extends to 3,659ft². The ground floor retail and restaurant premises George William Price Ltd The Smalley and Stopps retail unit extends are let to Ask Restaurants Limited who provide to 542ft². the anchor tenancy, trading as Zizzi on the Portfolio Locations residue of a 35 year lease from August 2000 TENURE drawn on effective fully repairing and insuring terms via service charge provisions. The current The Lace Market, Nottinghm The property is freehold. rental is £67,500 per annum. Woolpack Lane, Nottingham EPC There is an outstanding Rent Review effective Market Place, Mansfield 30th August 2015. As the property is Listed an EPC is not required. Meadowbank Way, Eastwood The adjacent ground floor retail unit is let to Tina Stopps and Charles Smalley on an Langham Park, Donington COVENANT effective fully repairing and insuring lease Mountsorrel, Leicestershire Ask Restaurants Limited (trading as Zizzi) granted for five years commencing 9th February 2013. There is a tenant break clause The Ossington, Newark are now part of the Azzurri Restaurant Group (formerly the Gondola Group). which is effective August 2016. The current rental (subject to review as at 9th VAT Trading restaurant brands include Zizzi and Ask Restaurants. August 2015) is £8,500 per annum. Further Information Azzurri Group was formed after Ask and Zizzi Four separate residential units named Capital Gains Tax were acquired by private equity company The Gatehouse, The Lodge, The Keep and The Retreat within the mews to the rear. Proposal Bridgepoint in December 2014 for a reported figure of around £250 million. The residential units are all let on coterminous Contact Azzurri has recently extended its restaurant leases granted for 125 years with effect from portfolio by acquiring London based Italian 24th June 2001, the current annual rental food and coffee operator, Coco di Mama. payable being £100 per dwelling per annum. 29 < HOME >

George William Price LIMITED

Home VAT Investment Summary The premises are all registered for VAT and all relevant certification and confirmation of the George William Price Ltd Option to Tax is available within the data room. Portfolio Locations FURTHER INFORMATION The Lace Market, Nottinghm Detailed information on both George William Price Limited and the properties themselves are available Woolpack Lane, Nottingham within the data room and access can be provided Market Place, Mansfield upon receipt of a signed NDA by the relevant parties. Meadowbank Way, Eastwood CAPITAL GAINS TAX Langham Park, Donington GWP Ltd’s understanding of the costs of each Mountsorrel, Leicestershire property is available within the data room. The Ossington, Newark PROPOSAL Purchase Price of the Company is based on a VAT Portfolio value of £8 million based on an 8% yield Further Information and an allowance of 5.8% for purchasers costs.

Capital Gains Tax CONTACT AND Proposal FURTHER INFORMATION Contact John Proctor FHP Property Consultants 10 Oxford Street, Nottingham NG1 5BG 0115 950 7577 30 [email protected] < HOME > < HOME George William Price LIMITED

For more information please contact: John Proctor [email protected] • 0115 841 1130 • 07887 787 880

Property Misdescriptions Act 1991 All statements contained within this brochure have been provided in good faith and are understood to be correct. Accuracy in respect of all statements cannot be guaranteed as we rely on information provided and they do not form part of any contract or warranty and accordingly: 1) Dimensions, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 2) Information on tenure of vacancies is provided in good faith and prospective purchasers should have this information verified by their solicitors prior to purchase. 3) Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate planning authority. Fisher Hargreaves Proctor do not warrant that there are no connection charges Inherent in the availability of services to the unit. Prospective purchasers should obtain written confirmation prior to entering into any contract for purchase or lease. 4) Detailed tests have not been undertaken on services, central heating installations, plumbing installations, electrical installations, etc. and purchasers/lessees should undertake independent tests as to the condition of all services and mechanical engineering installations. 5) All guide price and rental figures are quoted exclusive of VAT unless expressly stated to the contrary. FHP 11/15. E&OE. Design by carve-design.co.uk 12105