Sunset. Business Park KEARSLEY BOLTON. Investment Opportunity Freehold Multi-Let Industrial Estate. Manchester Road, Kearsley, Bolton, BL4 8RL

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1 Investment Opportunity Freehold Multi-Let Industrial Estate Manchester Road, Kearsley, Bolton, BL4 8RL

(Vodafone) and Panalux Ltd. Let at 268,936 per annum exclusive with a WAULT of 4.67 years to lease expiry. 47% of the income let to the undoubted covenant of Cable & Wireless U.K.

2 Investment Summary Situated in Kearlsey, approximately 4.4 miles south west of Bolton town centre and.5 miles west of Junction 5 of the The estate extends to 75,985 sq ft of industrial and office accommodation. Freehold A well let business park with tenants including Cable & Wireless U.K. (Vodafone) and Panalux Ltd. Let at 268,936 per annum exclusive with a WAULT of 4.67 years to lease expiry. 47% of the income let to the undoubted covenant of Cable & Wireless U.K. Asset management opportunities to increase the rent at review or through lease renewal. Offers are sought in excess of 3,00,000 (Three Million, One Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT. An offer at this level would reflect a net initial yield of 8.5% and a low capital value of per sq ft, (which takes into account SDLT changes with effect from 7 March 206), assuming usual purchaser s cost of 6.46%.

3 Location Kearsley is located approximately 4.4 miles south east of Bolton town centre and 7.7 miles north west of Manchester. Kearsley is served by the A666 Manchester Road, becoming the A666 dual carriageway, which leads to Bolton and the motorway network. The accommodation is situated.5 miles west of Junction 5 of the, 2.5 miles east of Junction 3 of the M6 leading to Preston and 5. miles east of Junction 8 of the M62. A565 Birkenhead M53 Holmes A565 Southport A570 Ormskirk A5058 Liverpool A56 M57 M58 A59 A580 Preston St Helens A57 Warrington Runcorn Wigan M6 Blackburn M65 M6 Leigh A666 Bolton M62 A56 Sale M56 M66 Bury Manchester 2 Todmorden Rochdale M67 Hyde Stockport Halifax M62 Crowden Disley J3 Bolton Road Slackley Brow A575 Kearsley J2 M6 Moss Lane A666 Manchester Road M62 J6 J4 J5

4 J5 M6 Manchester 20 minutes A666 Manchester Road Kearsley Bolton 0 minutes

5 Situation is situated on the north eastern side of the A666 Manchester Road at its junction with Slackley Brow, mid-way between Junction 5 of the and Junction 3 of the M6. The surrounding area is predominantly residential with an industrial premises adjacent to the estate.

95.4m 6 0 33 7 2 322 326 ETL Melrose Court Shelters to 24 253 255 rack CROSS STREET Taylor Buildings 265 5 ALMA STREET 0 8 89.

5m BROW SLACKEY Drain Issues ETL Description 4 52 6 Drain The property comprises an industrial estate of nine units totalling 7,059.

4m 308 Shelter Centre ETL The estate, which has barrier controlled access off Manchester Road, comprises a large warehouse and office unit surrounded by four industrial units together with a

6 95.4m ETL Melrose Court Shelters to rack CROSS STREET Taylor Buildings ALMA STREET m Drain Track Subway Subway The Bungalow BEECH 250 TCB MANCHESTER 94.8m ROAD LB 289 BARK STREET AVENUE PH 33 HAWTHORN ROAD TONG STREET m BROW SLACKEY Drain Issues ETL Description Drain The property comprises an industrial estate of nine units totalling 7, sq m (75,985 sq ft) on an irregular shaped site of approximately 2.89 hectares (5.408 acres). The site coverage is c.32% m 308 Shelter Centre ETL The estate, which has barrier controlled access off Manchester Road, comprises a large warehouse and office unit surrounded by four industrial units together with a detached office block. The original building which dates from the 940s, with later extensions, has been re-clad. Play Area 320 Shelter FBs Pond 2 The property benefits from an on-site security guard. 96.0m 8 MANOR STREET Unity Brook Farm m m 50m 00m 50m m 23 Ordnance Survey Crown Copyright 206. All rights reserved. Licence number Plotted Scale - :2500

Tenancy Schedule The industrial and office accommodation is let to five tenants by way of eight occupational leases, with the Electricity Substation, Aerial and Pylon let to Lancashire Electric Power

The estate generates a current gross rent of 268,936 per annum exclusive. The WAULT for the estate is 4.67 years to expiry.

7 Tenancy Schedule The industrial and office accommodation is let to five tenants by way of eight occupational leases, with the Electricity Substation, Aerial and Pylon let to Lancashire Electric Power Company Limited, EE Limited and the National Grid. The industrial and office accommodation is 98% let. The 5 car parking spaces are currently vacant. The estate generates a current gross rent of 268,936 per annum exclusive. The WAULT for the estate is 4.67 years to expiry. The property has been measured in accordance with the RICS property measurement (st Edition) and the full accommodation and tenancy details are summarised below. Unit Tenant Sq Ft Rent (PAX) Rent (PSF) Lease Start Lease Expiry Break Clause Next Review Term to Expiry Comments A Harvard Print Ltd 2,7 4, /08/3 3/07/8.9 A2 Panalux Ltd,036 5, /0/2 05/07/22 2/0/ B2 - Ground Panalux Ltd,30 4, /0/2 05/07/22 2/0/ B/A3 Panalux Ltd 20,582 60, /07/2 05/07/22 06/07/ C & Generator Cable & Wireless UK 37,50 28, /0/0 07/0/20 08/0/ D Messrs WE & DE Tudor t/a VAG Bolton 2,595 6, /02/08 /02/8.45 E & Part F (Rear) Panalux Ltd 7,8 24, /0/2 05/07/22 2/0/ F - Ground Key Control Services Ltd,606 8, /09/3 08/09/ F - First Vacant,463 Aerial EE Limited 2,697 22/09/0 23/09/2 24/09/ Mutual break on 2 months notice for redevleopment purposes. Upward only RPI linked rent review Car ing Vacant 5 CPS Electricity Substation Lancashire Electric Power Co Ltd 0/07/46 30/06/45 Rolling Pylon The National Grid 3,986 20/05/04 9/05/64 Rolling 20/05/ Total 75, ,936 Tenant can break at any time with 6 months notice

Covenant Information The accounts of the tenants at the site are summarised below; Tenant Year Ending Turnover Pre-Tax Profit Total Assets Panalux Limited Harvard Print Limited Key Control Services

Vodafone Group PLC EE Limited 3/2/4 3/2/3 3/2/2 28/02/5 29/02/4 28/02/3 3/03/5 3/03/4 3/03/3 3/03/5 3/03/4 3/03/3 3/03/5 3/03/4 3/03/3 3/2/5 3/2/4 3/2/3 3,059,000 29,040,000 30,43,000 4,000,000

8 Covenant Information The accounts of the tenants at the site are summarised below; Tenant Year Ending Turnover Pre-Tax Profit Total Assets Panalux Limited Harvard Print Limited Key Control Services Limited Cable & Wireless U.K. Vodafone Group PLC EE Limited 3/2/4 3/2/3 3/2/2 28/02/5 29/02/4 28/02/3 3/03/5 3/03/4 3/03/3 3/03/5 3/03/4 3/03/3 3/03/5 3/03/4 3/03/3 3/2/5 3/2/4 3/2/3 3,059,000 29,040,000 30,43,000 4,000,000 4,000,000 2,363,000,000 42,227,000,000 38,346,000,000 44,445,000,000 6,3,000,000 6,327,000,000 6,482,000,000 4,284,000 2,83,000 3,25, ,000,000-57,000,000,095,000,000-5,270,000,000 3,255,000,000 46,000, ,000,000-0,000,000 *Vodafone Group PLC are the ultimate parent company of Cable & Wireless U.K. 28,824,000 25,085,000 34,54,000 68,388 59,575 74,82 55,96 258,28 200,567,46,000,000,460,000,000,37,000,000 22,573,000,000 2,840,000,000 42,698,000,000 3,62,000, ,000,000 4,62,000,000 Shareholders Funds 6,908,000 3,595,000 5,0,000-32, , ,3,433 2,94 4, ,000, ,000,000,35,000,000 67,733,000,000 70,802,000,000 7,477,000,000 8,652,000,000 8,92,000,000 9,733,000,000 Tenure The Property is held Freehold. Service Charge For the period June 206 to 3 May 207, the service charge budget is 28,232, which reflects.69 per sq ft based on the gross internal area of the whole site of 75,985 sq ft. Full details available upon request. Data Room Access to the data room is available upon request. EPC Energy Performance Certificates are available on request via the data room. VAT The property is elected for VAT. Asset Management Let the vacant Unit F (First Floor) Rent reviews, lease re-gears

Proposal We are instructed to seek offers in excess of 3,00,000 (Three Million, One Hundred Thousand Pounds), subject to contract. A purchase at this level would reflect a net initial yield of 8.

9 Proposal We are instructed to seek offers in excess of 3,00,000 (Three Million, One Hundred Thousand Pounds), subject to contract. A purchase at this level would reflect a net initial yield of 8.5%, (which takes into account SDLT changes with effect from 7 March 206), assuming usual purchaser s cost of 6.46%. Further Information For further information and in order to arrange an inspection, please contact; David Watson E. dwatson@wsbproperty.co.uk T Chris Watt E. cwatt@wsbproperty.co.uk T Misrepresentation Act 967: WSB Property Consultants LLP for itself and for the vendor(s) or lessor(s) of this property whose agent it is give notice that. These particulars do not constitute any part of an offer or contract. 2. None of the statements contained in these particulars as to the property(s) are to be relied on as statements or representations of fact. 3. Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither WSB Property Consultants LLP nor any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to the property. 5. None of the buildings services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in safe and working order. Finance Act 989: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Consumer Protection from Unfair Trading Regulations 2008 and Protection from Misleading Marketing Regulations 2008: Every reasonable effort has been made by WSB Property Consultants LLP to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselve and to take appropriate professional advice. Design by carve-design.co.uk 2557 September 206

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