MODERN MULTI-LET INDUSTRIAL ESTATE INVESTMENT PHASE I & II DELTA COURT SKY BUSINESS PARK, ROBIN HOOD AIRPORT DONCASTER, SOUTH YORKSHIRE, DN9 3GN

MODERN MULTI-LET INDUSTRIAL ESTATE INVESTMENT PHASE I & II DELTA COURT SKY BUSINESS PARK, ROBIN HOOD AIRPORT DONCASTER, SOUTH YORKSHIRE, DN9 3GN

PHASE I & II DELTA COURT SKY BUSINESS PARK, ROBIN HOOD AIRPORT, DONCASTER, SOUTH YORKSHIRE, DN9 3GN Investment Summary Modern multi-let industrial estate investment adjacent to Doncaster Robin Hood Airport Close to the A1(M), M18 and M180 motorways in South Yorkshire Proposed new link road connecting the property with J3 of M18 motorway. Phase 1 under construction UNITS 1-2 16 attractive modern industrial/ warehouse units on a total site area of approximately 6.4 acres Phase I comprises 10 units providing 53,740 sq ft which have been sold off on a long leasehold basis UNITS 3-7 Phase II comprises 6 units providing 35,934 sq ft and is multi-let to five tenants UNITS 11-12 Potential lease re-gear opportunities The property is held on a long leasehold basis Total rental income of 184,750 per annum We are instructed to seek offers in excess of 1,725,000 (One Million Seven Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT A purchase at this level reflects a net initial yield of 10.12% assuming purchaser s costs at 5.8% UNITS 15-16 UNITS 8-10 UNITS 13-14

MODERN MULTI-LET INDUSTRIAL ESTATE INVESTMENT PHASE I & II DELTA COURT DELTA COURT DELTA COURT Doncaster Robin Hood Airport Crown Copyright 2014. All rights reserved. Licence number 100022432. Crown Copyright 2014. All rights reserved. Licence number 100022432. Location Doncaster is extremely well located with excellent road, rail and air links. It is one of the largest commercial centres in South Yorkshire located approximately 18 miles north-east of Sheffield, 30 miles south-east of Leeds and 165 miles north of London. Doncaster is strategically located at the intersection of the A1(M) and the M18. The A1(M) provides easy access to the M62 some 18 miles to the north-west of the town centre, whilst the M18 connects directly with the M1 some 16 miles to the south-west and the M180 some 9 miles to the north-east. Access to sea freight can be provided via the deep water Humber ports of Hull, Immingham and Grimsby all easily accessible via the M18 and M180, being within a one hour drive time of the property. In terms of rail links, Doncaster is located on the East Coast mainline with frequent direct services to London Kings Cross (96 minutes), Leeds (35 minutes), Newcastle (84 minutes) and Edinburgh (173 minutes). Doncaster International Railport is located just 1 mile to the south of the town centre and provides direct access to the Channel Tunnel. Doncaster Robin Hood Airport opened in April 2005 and is located approximately 0.2 miles south of Delta Court. It offers flights to a wide range of domestic and international destinations and handles over 2 million passengers each year. Situation Delta Court is situated approximately 7.5 miles south east of Doncaster town centre close to Doncaster Robin Hood airport in Finningley. The property occupies a circa 6.4 acre site fronting Hayfield Road, Second Avenue and Third Avenue approximately 0.2 miles north of the entrance to the airport. Principal access to the property is via the A638 from Doncaster and alternatively the A614 which interlinks with Bawtry and in turn J34 of the A1(M) to the south and Hatfield and Junction 1 of the M180 and in turn Junction 5 of the M18 in the north. A new 2.5 mile link road (Finningley and Rossington Regeneration Route Scheme) is proposed to link the property to Junction 3 of the M18 motorway. Phase 1 is under construction.

PHASE I & II DELTA COURT SKY BUSINESS PARK, ROBIN HOOD AIRPORT, DONCASTER, SOUTH YORKSHIRE, DN9 3GN Description Delta Court comprises a total of 16 modern self contained industrial/warehouse units arranged in 3 terraces. Phase I comprising units 1-10, has been sold off on a long leasehold basis at a ground rent of 200 per annum per property and can be accessed from both Second and Third Avenue. The remaining units, known as Phase II Delta Court and numbered 11-16, are accessed from Third Avenue and are let to 5 tenants. Please refer to the tenancy schedule for further information. The units provide steel portal framed accommodation with part glazed, brick and steel panel elevations under a barrelled vaulted roof having translucent inserts. Ancillary office space is provided at ground floor level with a number of units also incorporating offices to first floor level. In addition there are male, female and disabled w/c and kitchen facilities to each unit. A number of units have mezzanine storage. Each unit has a minimum eaves height of 6 metres and roller shutter door access. The units were constructed in two phases between 2006 and 2008. Units 1-7 Delta Court have the benefit of a number of dedicated car parking spaces to the front of the buildings and secure shared yards providing loading access to the rear. Units 8-16 have shared yards to the front of the units proving parking and loading access. Tenure Phases I & II Delta Court are held on a long leasehold basis for a term of 999 years from 7th March 2006 at a rental of 10 per annum if demanded. Units 1-10, comprising Phase I have each been sold off on a long leasehold basis for a term of 999 years from 7th March 2006 less 3 days. A ground rent of 200 per annum per unit is payable. Further details of a gas governor site on the northern boundary are available on request. 1 2 12 3 4 5 6 7 11 10 9 8 16 15 14 13

Accommodation & Tenancy Schedule Phases I & II Delta Court are let in accordance with the tenancy schedule below and have been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and provide the following Gross Internal Areas (GIA): Unit Tenant Floor Area Sq Ft PHASE I Units 1-10 53,740 999 Years March 2006 less 3 Days PHASE II Unit 11 Unit 12 Unit 13 Unit 14 Unit 15 Unit 16 Valspar Automotive (UK) Corporation Limited Insignia Bathroom Solutions Limited Tembe DIY Products Limited Tembe DIY Products Limited Palram Applications UK Limited Medequip Assistive Technology Limited Lease Term Lease Start Lease Expiry (Break) Rent Review Rent Per Annum Comments 07/03/2006 03/03/3005 2,000 Each unit sold off on a leasehold basis subject to a ground rent of 200 pa per property. Further information available upon request 10,137 10 Years 14/10/2011 13/10/2021 (13/10/2016) 14/10/2016 50,250 6 months notice on break 4,935 5 Years 01/11/2013 31/10/2018-25,000 Guarantor Charles Geoffrey Whittaker 4,929 9 Years 01/11/2012 31/10/2021 (01/11/2016) 3,948 9 Years 01/11/2012 31/10/2021 (01/11/2016) 01/11/2015 01/11/2018 31/10/2021 01/11/2015 01/11/2018 31/10/2021 27,500 Current rental 20,625 pa rising to 27,500 pa on 01/11/2014. Vendor to top up rental. 6 months notice on break and penalty of 6,875 plus VAT. 22,000 Current rental 11,000 pa rising to 22,000 pa on 01/11/2014. Vendor to top up rental. 6 months notice on break and penalty of 5,500 plus VAT. 4,060 5 Years 12/10/2010 11/10/2015-22,000 Guarantor Palram Europe Limited 7,925 10 Years 2 Months 2 Days 27/07/2010 28/09/2020 (28/09/2014) (28/09/2015) (28/09/2018) (28/09/2019) Total Phase II 35,934 182,750 TOTAL Phases I & II 28/09/2015 36,000 3 months notice on break. Break penalty of 9,000 plus VAT if 28/09/2014 break exercised. Breaks in 2014, 2018 & 2019 are only effective if tenant loses their contract with Doncaster MBC & Doncaster NHS. Further details on request. 89,674 184,750 Approximately 6.4 acre site area. Total rent less 10 per annum ground rent if demanded.

PHASE I & II DELTA COURT SKY BUSINESS PARK, ROBIN HOOD AIRPORT, DONCASTER, SOUTH YORKSHIRE, DN9 3GN MODERN MULTI-LET INDUSTRIAL ESTATE INVESTMENT VAT We understand that the property is elected for VAT and it is anticipated that the sale will be treated as a Transfer of Going Concern (TOGC). Service Charge A recoverable service charge is in place to cover the maintenance of the common areas. Further details available upon request. Proposal We are instructed to seek offers in excess of 1,725,000 (One Million Seven Hundred and Twenty Five Thousand Pounds) for the long leasehold interest subject to contract and VAT. A purchase at this level reflects a net initial yield of 10.12% assuming purchaser s costs at 5.8%. EPC The building has been assessed and provides the following EPC ratings: Unit 1 68C Unit 9 47B Unit 2 68C Unit 10 76D Unit 3 58C Unit 11 21A Unit 4 81D Unit 12 73C Unit 5 55C Unit 13 31B Unit 6 44B Unit 14 38B Unit 7 48B Unit 15 37B Unit 8 61C Unit 16 23A Copies of the Energy Performance Certificates are available upon request. Further Information For any further information or to arrange an inspection of the property please contact: Alex Whiting National Capital Markets T: 0113 394 8810 Toronto Square E: alex.whiting@cbre.com Toronto Street Leeds Robin Bullas LS1 2HJ T: 0113 394 8817 E: robin.bullas@cbre.com Disclaimer: CBRE Important notice relating to the Misrepresentation Act 1967 and the Property Misdescriptions Act 1991: CBRE for itself and the vendor as agents for the vendor give notice that: 1. We provide the information contained in these particulars for guidance to intending purchasers, licensees or any other third parties and they are for your general information only and will be used at your own risk. 2. We will use all reasonable endeavours to ensure the accuracy of information, however, we do not guarantee or warrant the accuracy or completeness, factual correctness or reliability of any information in the particulars (especially as the information may have been obtained from third parties) and do not accept any liability for any errors or omission including any inaccuracies or typographical errors. 3. Any interested purchasers, licensees or any third parties should not view the information in the particulars as statements or representations of fact and should satisfy themselves that the facts and specific details in the particulars are correct and accurate especially in relation to floor areas and other measurements through inspection or other means, as appropriate, and will be responsible for taking independent surveys or valuations before entering into any legally binding transaction in respect of the property or premises that is the subject matter of these particulars. 4. We have not made any investigations or otherwise of any issues concerning pollution and potential land, building, air or water contamination. Prospective purchasers, licensees or any third parties must undertake their own enquiries and satisfy themselves in this regard. 5. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Subject to Contract: CBRE, February 2014 I All maps and plans in this document are for identification purposes only. Designed and produced by www.thedesignexchange.co.uk.