Unit A & B Rother Way | Hellaby Industrial Estate | Hellaby | | S66 8QN Unit A & B Rother Way | Hellaby Industrial Estate | Hellaby | Rotherham | S66 8QN

Investment Summary Cert Octavian • Prominently situated overlooking the M18 on the Hellaby Industrial Estate . Clipper Logistics

• Excellent road communications with Junction Stanley Tools 1 of M18 approximately 0.8km (0.50 miles).

• Modern industrial facility totalling approximately 8,411.54 sq m (90,541 sq ft) .

• Low site coverage of only 26% which provides TNT potential for further development (subject to planning).

• Let to Eldon Electric Limited until 01 May M18 2012 , subject to a tenant option to break any time after 01 May 2011 on giving 3 months notice and a payment of £168,000.

• Asset management potential due to re-gear with Optare existing tenant.

• Current passing rent of £336,402 per annum which re"ects £40.00 per sq m (£3.72 per sq ft) .

• Offers are invited in excess of £2,500,000 re"ecting a net initial yield of 12.72% after purchase costs of Junction 1 5.7625%. This represents a low capital value of £27.61 per sq ft . Location The South town of Rotherham is located approximately 10.5 km (7 miles) north east of Shef#eld, 19.5 km (13 miles) south west of Doncaster and 52.50 km (35 miles) south of Leeds. Rotherham bene#ts from excellent communications being located close to junctions 33 & 34 of the M1 motorway and junction 1 of the M18. Situation Hellaby Industrial Estate is located approximately 6 km (4 miles) to the east of Rotherham town centre, linked via the A631 and A6021. The property is situated at the end of Rother Way within the Hellaby Industrial Estate and is accessed from Denby Way. Junction 1 of the M18 is approximately 0.8 km (0.50 miles) to the south west. Description Constructed in the early 1980’s the property comprises a two bay production and warehouse unit with a two storey of#ce block, together with a detached open storage unit to the rear which was constructed by the tenant. The industrial units are of steel portal frame construction with an eaves height of 6.25m. The property is clad with part brick and part pro#led sheeting. There are three ground level loading doors to the rear elevation and four raised level doors to the front elevation. In addition there is a goods yard and ample circulation space, with a chain link fence and gates surrounding the premises providing extra security. There is also an undeveloped area of approximately 0.81 hectares (2 acres) to the rear of the site which is suitable for further development or open storage, subject to the neccessary consents. Unit A & B Rother Way | Hellaby Industrial Estate | Hellaby | Rotherham | S66 8QN

Accommodation Covenant Information The property provides a total gross internal "oor area of Eldon Electric Limited have been providing solutions approximately 8,411.54 sq m (90,541 sq ft). for protecting all kinds of electrical, electronic and data & Site area of 3.22 hectares (7.96 acres) which represents a telecommunications products since 1922. They have three low site coverage of only 26% . plants in Europe and one in India. In addition there are 13 sales of#ces and a network of agents throughout the world. Tenure Further information can be found on www.eldon.com Date of The property is freehold. 31/12/2008 31/12/2007 31/12/2006 Accounts Tenancy Turnover £11,565,000 £11,886,000 £10,259,000 Pre-Tax Pro#ts £1,764,000 £354,000 £96,000 The property is let in its entirety to Eldon Electric Limited Total Assets £3,908,000 £4,770,000 £3,846,000 on a lease expiring 30 April 2010. There is a reversionary lease commencing on 1 May 2010 and expiring on 30 April 2012 . Value Added Tax The lease is subject to an option to break at any time after The subject property has been elected for VAT. 01 May 2011 on giving not less than 3 months notice and a penalty of £168,000. Proposal The lease is excluded from sections 24-28 of the Landlord Offers are invited in excess of £2,500,000 subject to contract & Tenant Act 1954 and it is also subject to a schedule of and exclusive of VAT. A purchase at this level based upon condition. Further information on request. acquisition costs of 5.7625% re"ects a net initial yield of The current rent payable is £336,402 per annum which 12.72% . This represents a low capital value of £27.61 re"ects £40.00 per sq m (£3.72 per sq ft) . per sq ft . For further information or to arrange an inspection, please contact: -

Michael Toone: [email protected] Alastair Tyrrell: [email protected] [email protected]

41-43 Maddox Street W1S 2PD t 0207 495 5550 f 0207 495 5551

www.tudortoone.com 1st Floor City Point, 29 Kings Street, Leeds LS1 2HL

Misrepresentation Act 1967

TUDOR TOONE LLP AND GVA GRIMLEY, FOR THEMSELVES AND FOR THE VENDORS OF THIS PROPERTY, HEREBY GIVE NOTICE THAT:

(I) THESE PARTICULARS DO NOT CONSTITUTE, NOR CONSTITUTE ANY PART OF, AN OFFER OR CONTRACT. (II) TUDOR TOONE LLP, GVA GRIMLEY AND ITS MEMBERS ACCEPT NO LEGAL RESPONSIBILITY FOR ANY STATEMENT OR REPRESENTATION WHETHER WRITTEN, ORAL OR IMPLIED OR WHETHER CONTAINED IN ANY ADVERTISEMENT PARTICULARS OR OTHER MATTERS ISSUED OR ANY CORRESPONDENCE ENTERED INTO BY THEM AND WHETHER MADE IN ANY ANTECEDENT PRESENT OR SUBSEQUENT ENQUIRIES OR NEGOTIATIONS. (III) NEITHER TUDOR TOONE LLP, GVA GRIMLEY NOR THEIR PRINCIPALS, MEMBERS, AGENTS, SERVANTS OR REPRESENTATIVES HAVE ANY AUTHORITY WHATSOEVER TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATSOEVER WHETHER WRITTEN OR IMPLIED IN RELATION TO THIS PROPERTY. (IV) ANY INTENDING PURCHASER MUST SATISFY HIMSELF BY INSPECTION OR OTHERWISE AS TO THE CORRECTNESS OF ANY ANTECEDENT PRESENT OR SUBSEQUENT STATEMENTS OR REPRESENTATIONS, AND SHOULD NOT RELY UPON THE SAME UNLESS HE HAS SATISFIED HIMSELF ACCORDINGLY. (V) UNLESS OTHERWISE STATED ALL PRICES AND RENTS ARE QUOTED EXCLUSIVE OF VALUE ADDED TAX (VAT). ANY INTENDING PURCHASERS OR LESSEES MUST SATISFY THEMSELVES INDEPENDENTLY AS TO THE INCIDENCE OF VAT IN RESPECT OF ANY TRANSACTION.

SUBJECT TO CONTRACT & EXCLUSIVE OF VAT TUDOR TOONE LLP IS A LIMITED LIABILITY PARTNERSHIP REGISTERED IN AND WALES WITH REGISTERED NUMBER OC 305 411. REGISTERED OFFICE: 41/43 MADDOX STREET LONDON W1S 2PD

GVA GRIMLEY LIMITED IS REGISTERED IN ENGLAND AND WALES WITH REGISTERED NUMBER 6382509. REGISTERED OFFICE: 3 BRINDLEYPLACE, BIRMINGHAM B1 2JB

DETAILS PREPARED MARCH 2010