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SECTON COURT, VEASEY CLOSESECTON COURT, VEASEY CLOSESECTON COURT, VEASEY CLOSESECTON COURT, VEASEY CLOSE ATTLEBOROUGH FIELDS INDUSTRIAL ESTATEATTLEBOROUGH FIELDS INDUSTRIAL ESTATEATTLEBOROUGH FIELDS INDUSTRIAL ESTATEATTLEBOROUGH FIELDS INDUSTRIAL ESTATE

NUNEATON CV11 6RTNUNEATON CV11 6RTNUNEATON CV11 6RTNUNEATON CV11 6RT

• Existing Freehold Investment Comprising Workshop Premises Existing Freehold Investment Comprising Workshop Premises Existing Freehold Investment Comprising Workshop Premises Existing Freehold Investment Comprising Workshop Premises Let In Two Let In Two Let In Two Let In Two Parts With Further Income From Existing Telecommunications Mast Parts With Further Income From Existing Telecommunications Mast Parts With Further Income From Existing Telecommunications Mast Parts With Further Income From Existing Telecommunications Mast FacilityFacilityFacilityFacility

• Forming Part Of The Favoured Attleborough Fields Industrial Estate And Forming Part Of The Favoured Attleborough Fields Industrial Estate And Forming Part Of The Favoured Attleborough Fields Industrial Estate And Forming Part Of The Favoured Attleborough Fields Industrial Estate And Occupying A Prominent Corner PositionOccupying A Prominent Corner PositionOccupying A Prominent Corner PositionOccupying A Prominent Corner Position

• Existing Workshop Premises 1841.21 m² (19,818 ft²) Approx. OvExisting Workshop Premises 1841.21 m² (19,818 ft²) Approx. OvExisting Workshop Premises 1841.21 m² (19,818 ft²) Approx. OvExisting Workshop Premises 1841.21 m² (19,818 ft²) Approx. Overallerallerallerall

• Current Rental Income £85,800 Per Annum ExclusiveCurrent Rental Income £85,800 Per Annum ExclusiveCurrent Rental Income £85,800 Per Annum ExclusiveCurrent Rental Income £85,800 Per Annum Exclusive

• PURCHASE PRICE PURCHASE PRICE PURCHASE PRICE PURCHASE PRICE ---- £850,000 FREEHOLD£850,000 FREEHOLD£850,000 FREEHOLD£850,000 FREEHOLD

Secton Court, Veasey Close, Nuneaton CV11 6RT

LOCATIONLOCATIONLOCATIONLOCATION

The subject property occupies a prominent position fronting directly on to Townsend Drive which is the principal thoroughfare serving the favoured Attleborough Fields Industrial Estate on the eastern outskirts of Nuneaton and has an extensive return frontage to Veasey Close. Access into the site is off Veasey Close itself. Nuneaton is particularly well situated strategically on the western fringe of the huge West Midlands conurbation with easy access north to the M6 Motorway at Junction 3 (which is approximately five miles distant) and also south to the A5 with connections through to the M42 and M69. DESCRIPTIONDESCRIPTIONDESCRIPTIONDESCRIPTION The property comprises an existing corner positioned four bay workshop building of steel portal frame construction, brick and blockwork faced with a profile clad roof, consisting of two currently let units with decent adjoining concrete laid yard area for parking/servicing, deliveries and despatch. The principal unit (Units 1, 2 and 3) is occupied by Nuneaton Precisions Ltd. and comprises a three-bay building with decent office provision. The second unit (Unit 4) is a single bay workshop with associated offices and is occupied by Samco Ltd. In addition there is a telecommunications mast facility on the site producing additional licence fee income. ACCOMMODATION ACCOMMODATION ACCOMMODATION ACCOMMODATION Units 1, 2 and 3 Units 1, 2 and 3 Units 1, 2 and 3 Units 1, 2 and 3 ---- Nuneaton Precision Ltd. PremisesNuneaton Precision Ltd. PremisesNuneaton Precision Ltd. PremisesNuneaton Precision Ltd. Premises WorkshopWorkshopWorkshopWorkshop 1258.05 m² (13,542 ft²) With two roller shutter doors for access, comprising three main workshop areas with associated stores, w.c. facilities and works offices. Offices Offices Offices Offices 146.86 m² (1580 ft²) Comprising reception, kitchen, ladies and gents w.c. facilities, six principal offices and test area. Total 1404.90 m² (15,122 f t²)Total 1404.90 m² (15,122 f t²)Total 1404.90 m² (15,122 f t²)Total 1404.90 m² (15,122 f t²)

Unit 4 Unit 4 Unit 4 Unit 4 ---- Samco PremisesSamco PremisesSamco PremisesSamco Premises WorkshopWorkshopWorkshopWorkshop 436.31 m² (4696 ft²) Gross Internal Floor Area of Whole Gross Internal Floor Area of Whole Gross Internal Floor Area of Whole Gross Internal Floor Area of Whole 1841.21 m² (19,818 ft²)1841.21 m² (19,818 ft²)1841.21 m² (19,818 ft²)1841.21 m² (19,818 ft²) (All measurements are approximate and are measured on a gross internal basis). SERVICESSERVICESSERVICESSERVICES Mains water, drainage, gas and electricity are understood to be connected to the premises with the two principal units metered separately and gas space heaters are also provided in part to the workshop space, with a gas-fired central heating system provided to the offices within Units 1, 2 and 3. No tests have been applied. TENURETENURETENURETENURE The property is available freehold subject to the following Leases and Licence Agreement as specified. Units 1, 2 and 3Units 1, 2 and 3Units 1, 2 and 3Units 1, 2 and 3 These units are leased to Nuneaton Precisions Ltd. and are occupied under a lease dated 12th March 2003 being for a twenty-one year term from that date at a current rental of £60,000 per annum exclusive. This lease is effectively drawn on full repairing and insuring terms and is subject to a five yearly upward only rent review, the next review provided for as at 12th March 2019. An agreement entered into subsequent to the existing lease agreement allows Nuneaton Precisions Ltd. to terminate their lease on twelve months’ Notice notwithstanding the absence of such a provision in the lease itself. Unit 4Unit 4Unit 4Unit 4 This unit is leased to Silflex Ltd. and is occupied by Samco Ltd. under a lease dated 9th April 2014 which is for a six year term plus 364 days from 25th December 2012. The Lease is effectively drawn on an internal repairing and insuring basis at a rental of £20,500 per annum currently and also provides for a mutual break clause allowing either the Landlord or the Tenant to terminate the lease

Secton Court, Veasey Close, Nuneaton CV11 6RT

on not less than twelve months’ prior written Notice. Telecommunications Mast FTelecommunications Mast FTelecommunications Mast FTelecommunications Mast Facilityacilityacilityacility This site is occupied by Telefonica O2 UK Ltd. under a Licence dated 22nd September 2009, this being for a twelve year term from 27th September 2005 at a current licence fee of £5,300 per annum. The agreement provides for a three yearly licence fee review, the next review being 27th September 2017 with an RPI mechanism for calculating the licence fee at review. The agreement also provides for a licensee break clause exercisable every two years on six months’ prior written Notice and otherwise if O2 loses its statutory authority to operate its communications network operators licence etc. Copies of the existing Leases and Licence Agreement are available to all bona fide parties courtesy of the sole selling agents. Otherwise it is confirmed the existing Leases/Licence together are producing a rental of £85,800 per annum currently (subject to review). PURCHASE PRICEPURCHASE PRICEPURCHASE PRICEPURCHASE PRICE Offers are invited based on £850,000 for the freehold interest in this property and for KP Properties who have an existing long leasehold interest in the site. The property will be purchased subject to the existing occupational leases and licence as previously detailed. COSTSCOSTSCOSTSCOSTS Both parties will be responsible for their own legal costs in this matter. VATVATVATVAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable. At the time of preparation of these details (March 2015) the vendor had not elected to charge VAT on the sale price.

FIXTURESFIXTURESFIXTURESFIXTURES AND FITTINGSAND FITTINGSAND FITTINGSAND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting. LOCAL AUTHORITY LOCAL AUTHORITY LOCAL AUTHORITY LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Town Hall Coton Road NUNEATON Warwickshire CV11 5AA Tel: 024 7637 6376 RATESRATESRATESRATES We are informally advised by the Local Authority that the property is currently subject to the three rating assessments as follows:- Units 1 and 2 (also relating to Unit 3) Rateable Value: £55,000 Unit 4 Rateable Value: £23,250 Telecommunications Mast Rateable Value: £5,100 Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. VIEWINGVIEWINGVIEWINGVIEWING Courtesy of the existing tenants and by arrangement with:- LOVEITTS LOVEITTS LOVEITTS LOVEITTS COMMERCIALCOMMERCIALCOMMERCIALCOMMERCIAL Telephone: 024 7622 8111Telephone: 024 7622 8111Telephone: 024 7622 8111Telephone: 024 7622 8111 EEEE----mail: coventry.commercial@loveitts.co.ukmail: coventry.commercial@loveitts.co.ukmail: coventry.commercial@loveitts.co.ukmail: coventry.commercial@loveitts.co.uk (Ref. JRP/AW)

Secton Court, Veasey Close, Nuneaton CV11 6RT

Subject property for identification purposes only

Secton Court, Veasey Close, Nuneaton CV11 6RT Conditions under which particulars are issued:Conditions under which particulars are issued:Conditions under which particulars are issued:Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i) The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract. ii) All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. iii) No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property. iv) All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.