J A R R O L D WAY I N D U S T R I A L E S TAT E N O R W I C H | N R 5 9J D

P R I M E T R A D E C O U N T E R I N V E S T M E N T

I N V E S T M E N T S U M M A R Y

Prominently positioned amongst Norwich’s prime industrial area

Excellent accessibility to the A47, Norwich’s southern bypass which connects to the A11 and national motorway network

Part freehold / Part virtual freehold

12 high quality industrial/trade counter units, further 2 units sold off long leasehold

Comprises 55,977 sq ft

Passing rent of £318,050.50 per annum, reflecting a average rent of £5.68 per sq ft overall

Attractive WAULT of 6.4 years to breaks and 7.2 years to expiry

Diverse and strong tenant line up of national operators and established local companies

58% of income let to tenants rated 5A1 by Dun & Bradstreet

Proven reversionary income through successful recent letting and regears

We have been instructed to seek offers in excess of £5,685,000 (Five million six hundred and eighty five thousand pounds) which reflects a net initial yield of 5.25%, a reversionary yield of 5.84% and a low capital value of £101 per sq ft, assuming standard purchaser’s costs of 6.62%.

2

M1

M1

M1

M3M2

M2

M4

M3

M1

M11

M11

M11

A1(M)

M25

M25

M40

M40

M25

M25

M23

M25

M26

M20

M20

M25

M4

M4

M4M4

M5

M5

M48

M49

M5

M3

M27

M32

M271

M6

M54

M6

M6

M6

M6

M1

M42

M1

M42M40

M45

M40 M1

M5

M6 TOLL

M50

M42

M69

M1

M1

A1 (M)

A 2 2 9

A 2 9 9A 2 9 9

A 2 5 6

A 2 0 7 0

A 2 8

A 2 1

A 2 8

A 2 0

A 2 8

A 2 6

A 2 5

A 2 6

A 2 2

A 2 6 4

A 2 3

A 3

A 3A 3 1

A 3 1

A 3 3 1

A 3 3

A 2 1 7

A 2 4

A 2 4

A 4 0 4

A 4 1 3

A 4 1A 4 1 8

A 4 0 1 0

A 3 5 5

A 4 0

A 4 1 4

A 1 2 0

A 6

A 1

A 5

A 4 1

A 5 0 5

A 1 0

A 4 2 8

A 4 2 8

A 1 3 1

A 1 3 4

A 1 3 8

A 1 2

A 1 3

A 1 2 7

A 1 3

A 2 2 8

A 2 4 9A 2 3 2

A 2 0A 2 3

A 2 4

A 2 4

A 3 0

A 2 2A 2 3

A 2 0 5

A 4 0 6

A 1 1 7

A 2 8 2

A 4

A 1

A 2

A 2

A 1

A 2

A 2

A 3

A 1 2

A 1 2

A 1 1

A 1 3

A 4 0 6

A 4 0 6

A 4 0 6

A 5 0 1

A 2 0 3A 3 0 7

A 2 1 4

A 2 4 0

A 2 4 3

A 3 0 9

A 3 0 8

A 1 4 0 0

A 3 2 2 0

A 1 0

A 1 0

A 4 1

A 3 1

A 3

A 2 7

A 2 7A 2 7

A 3 1

A 3 6

A 3 6

A 2 5 4

A 3 5 0

A 3 5 4

A 3 5 0

A 3 5 0

A 3 0 3

A 3 0 3

A 3 0 3

A 3 0 3

A 3 0 3

A 3 5

A 3 5

A 3 5

A 3 5

A 3 3 8

A 3 3 8

A 3 3 9

A 3 4

A 3 4

A 3 4

A 3 4

A 3 4

A 4 0

A 4 0

A 4 0

A 4 4

A 3 4 6

A 4 1 9

A 4

A 3 7

A 3 9

A 3 7

A 3 8

A 4 6

A 4 3 3 A 4 2 9

A 4 2 9

A 4 3 6

A 4 1 7

A 2 7 2

A 2 7 2

A 3 7

A4 5 3

A 6

A 4 6

A 4 7

A 4 7

A6 0 6

A6 0 6

A6 0 5

A6 0 7

A6 0 7

A 1

A 1

A 5

A 5

A5 0 8

A4 2 7

A4 2 8

A 4 5

A 4 5

A 4 3

A 4 3

A 4 3

A 1 5

A 1 5

A 1 5

A 5 2

A 5 2

A 5 0

A 5 2

A 5 0

A 5 0A 5 1

A 5 1

A 5 1

A 5

A 5

A 5

A 1 4A 1 4

A 1 4

A 3 8

A1 5 8

A4 4 4

A4 4 4

A 4 6

A 4 5A4 2 6

A4 2 5

A4 2 3

A4 3 5

A 4 6

A 4 6

A 4 4

A5 1 8

A5 1 3

A4 6 0

A4 5 4

A4 4 2

A4 4 2

A4 2 2

A4 9 1

A4440

A4103

A4 5 6

A5 1 1

A6011

A5111

A5 1 5

A5 1 5

A 5

A4 5 3

A4 2 8

A 6

A 6

A6 0 5

A4 3 5

A4 4 1

A4 5 6 A 4 5A 4 1

A4 5 2

A4 2 9

A 4 6

A4 5 2

A 3 4

A4 6 1

A 3 4

A5 1 8

A 5 2

A 6 0

A 5 2

A 4 6

A 1 7 0

A 1 7 0

A 1 6 8

A 6 14

A 1 6 5

A 1 6 5

A 1 065

A 1 066

A 1 122

A 1 34

A 1 49

A 1 48

A 1 48

A 1 0

A 1 42

A 1 41

A 4 7

A 1 1

A 1 4 0

A 1 4 3

A 1 4

A 1 4

A 1 4A 1 2

A 1 2

A 1 2

A 1 4 6

A 1 4 0

A 1 4 3

A 4 7A 4 7

A 1 1

S T A N S T E D

N O R W I C HI N T E R N A T I O N A L

LONDON CITY

HEATHROW

LUTON

GATWICK

SOUTHAMPTON

BRISTOL

BIRMINGHAM

EAST MIDLANDS

N O R T H A M P T O NN O R T H A M P T O N

M I L T O NM I L T O NK E Y N E SK E Y N E S

B E D F O R DB E D F O R D

C A M B R I D G EC A M B R I D G E

C O L C H E S T E RC O L C H E S T E RS T E V E N A G ES T E V E N A G E

A Y L E S B U R YA Y L E S B U R Y

H I G HH I G HW Y C O M B EW Y C O M B E

L O N D O NL O N D O N

C H E L M S F O R DC H E L M S F O R D

R E A D I N GR E A D I N G

C R A W L E YC R A W L E Y

A S H F O R DA S H F O R D

S O U T H E N D - O N - S E AS O U T H E N D - O N - S E A

L E A T H E R H E A DL E A T H E R H E A D

B A S I L D O NB A S I L D O N

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S O U T H A M P T O NS O U T H A M P T O N

B A S I N G S T O K EB A S I N G S T O K E

S W I N D O NS W I N D O N

P O R T S M O U T HP O R T S M O U T H

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B O U R N E M O U T HB O U R N E M O U T H

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W E Y M O U T HW E Y M O U T H

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C H E L T E N H A MC H E L T E N H A M

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C O L C H E S T E RS T E V E N A G E

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L O N D O N

C H E L M S F O R D

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S H E F F I E L D

R O T H E R H A M

D O N C A S T E R

H U D D E R S F I E L D

B R A D F O R D

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S C A R B O R O U G H

H U L L

L E E D S

T O W C E S T E R

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P I N N E RG E R R A R D S

C R O S S

S L O U G H

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H E M E LH E M P S T E A D

W I N D S O R

M A I D E N H E A D

W O K I N G H A M

C R O W T H O R N E

W O K I N G

C R O Y D O N

R E I G A T E

S U T T O N

E P S O M

K I N G S T O NU P O N T H A M E S

W A N D S W O R T H L E W I S H A M

D A R T F O R D G R A V E S E N D

W E S TM A L L I N GS E V E N O A K S

O X T E D

E A S TG R I N S T E A D

H O R S H A M

G O D A L M I N G

R O Y A LT U N B R I D G E

W E L L S

S I T T I N G B O U R N E

C A N T E R B U R Y

M A R G A T E

R A M S G A T E

D O V E R

F O L K E S T O N E

T O N B R I D G E

S H E E R N E S S

W I C K F O R D

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G R E E N W I C HH O U N S L O W

G U I L D F O R DA L D E R S H O T

F A R N B O R O U G H

A S C O T

H E N L E Y - O N - T H A M E S

W A T F O R D

H U N S T A N T O N

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N E W P O R TP A G N E L L

B E X L E Y

B E C K E N H A M

M A I D S T O N E

C H A T H A M

B U C K I N G H A M

N E W B U R Y

C I R E N C E S T E R

B A T H

A N D O V E R

W I N C H E S T E R

H A V A N T

C O W E S

N E W P O R T

W O R T H I N G

B O G N O R R E G I S

P O O L E

S W A N A G E

L Y M I N G T O N

S H A F T S B U R Y

L Y M E R E G I S

G L A S T O N B U R Y

D E V I Z E S

T R O W B R I D G E

M A R L B O R O U G H

W A R M I N S T E R

B I C E S T E R

G L O U C E S T E R

C H E P S T O W

N E W P O R T

E A S T L E I G H

H Y T H E

Y E O V I L

M E L K S H A M

C H I P P E N H A M

H U N G E R F O R D

D I D C O T

A B I N G D O N

W O O D S T O C K

P E T E R S F I E L D

H A S L E M E R E

F A R N H A M

A R U N D E L

S E L S E Y

G O S P O R T

B E M B R I D G E

S T A L B R I D G E

W E L L S

F R O M E

B E A M I N S T E R

C R E W K E R N EC H A R D

P E W S E Y

W I L T O N

F A R I N G D O N

M A L M S B U R Y

L O U G H B O R O U G H

L O N G E A T O N

M E L T O NM O W B R A Y

G R A N T H A M

M A N S F I E L D

D E R B Y

C H E S T E R F I E L D

M A C C L E S F I E L D

L I C H F I E L D

S U T T O NC O L D F I E L D

S T A N F O R D

C R E W E

C A N N O C K

K I D D E R M I N S T E R

S T R A T F O R D - U P O N - A V O N

E V E S H A M

G R E A TM A L V E R N

B A N B U R Y

D A V E N T R Y

K E M P S T O N

L E I G H T O NB U Z Z A R D

K E T T E R I N G

C O R B Y

N U N E A T O N

H I N C K L E Y

H U C K N A L L

A L F R E T O N

D E N B YA S H B O U R N E

L E E K

O A K L E Y

R U S H D E N

L A N G H A M

S T A M F O R D

B U R T O NU P O N T R E N T

W E Y B R I D G E

B R A C K N E L L

G R E A TY A R M O U T H

L O W E S T O F T

T O W C E S T E R

B R E N T W O O D

P I N N E R

G E R R A R D SC R O S S

S L O U G H

A M E R S H A M

H E M E LH E M P S T E A D

W I N D S O R

M A I D E N H E A D

W O K I N G H A M

C R O W T H O R N E

W O K I N G

C R O Y D O N

R E I G A T E

S U T T O N

E P S O M

K I N G S T O NU P O N T H A M E S

W A N D S W O R T H L E W I S H A M

D A R T F O R D G R A V E S E N D

W E S TM A L L I N G

S E V E N O A K S

O X T E D

E A S TG R I N S T E A D

H O R S H A M

G O D A L M I N G

R O Y A LT U N B R I D G E

W E L L S

S I T T I N G B O U R N E

T O N B R I D G E

S H E E R N E S S

W I C K F O R D

R A Y L E I G H

G R E E N W I C HH O U N S L O W

G U I L D F O R DA L D E R S H O T

F A R N B O R O U G H

A S C O T

H E N L E Y - O N - T H A M E S

W A T F O R D

N E W P O R TP A G N E L L

B E X L E Y

B E C K E N H A M

M A I D S T O N E

C H A T H A M

B U C K I N G H A M

N E W B U R Y

C I R E N C E S T E R

B A T H

A N D O V E R

W I N C H E S T E R

H A V A N T

C O W E S

N E W P O R T

W O R T H I N G

B O G N O R R E G I S

P O O L E

S W A N A G E

L Y M I N G T O N

S H A F T S B U R Y

L Y M E R E G I S

G L A S T O N B U R Y

D E V I Z E S

T R O W B R I D G E

M A R L B O R O U G H

W A R M I N S T E R

B I C E S T E R

G L O U C E S T E R

C H E P S T O W

N E W P O R T

E A S T L E I G H

H Y T H E

Y E O V I L

M E L K S H A M

C H I P P E N H A M

H U N G E R F O R D

D I D C O T

A B I N G D O N

W O O D S T O C K

P E T E R S F I E L D

H A S L E M E R E

F A R N H A M

A R U N D E L

S E L S E Y

G O S P O R T

B E M B R I D G E

S T A L B R I D G E

W E L L S

F R O M E

B E A M I N S T E R

C R E W K E R N EC H A R D

P E W S E Y

W I L T O N

F A R I N G D O N

M A L M S B U R Y

L O U G H B O R O U G H

L O N G E A T O N

M E L T O NM O W B R A Y

G R A N T H A M

D E R B Y

C H E S T E R F I E L D

M A C C L E S F I E L D

L I C H F I E L D

S U T T O NC O L D F I E L D

S T A N F O R D

C R E W E

C A N N O C K

K I D D E R M I N S T E R

S T R A T F O R D - U P O N - A V O N

E V E S H A M

G R E A TM A L V E R N

B A N B U R Y

D A V E N T R Y

K E M P S T O N

L E I G H T O NB U Z Z A R D

K E T T E R I N G

C O R B Y

N U N E A T O N

H I N C K L E Y

H U C K N A L L

A L F R E T O N

D E N B Y

A S H B O U R N E

L E E K

O A K L E Y

R U S H D E N

L A N G H A M

S T A M F O R D

B U R T O NU P O N T R E N T

W E Y B R I D G E

B R A C K N E L L

W O R K S O P

B A K E W E L L

C H A P E L - L E - F R I T H

N E W C A S T L E - U N D E R - L Y M E

K N U T S F O R D

W R E X H A M

C H E S T E R

E L L E S M E R E P O R T

R U N C O R N

B I R K E N H E A D

S T H E L E N S

L E I G H

W I G A N

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S O U T H P O R T

B L A C K P O O L

L A N C A S T E R

S K I P T O N

K E I G H L E Y

H A L I F A X

D E W S B U R Y

H A R R O G A T E

T A D C A S T E R

W A K E F I E L D

B A R N S L E Y

M O R E C A M B E

P R E S T O N B L A C K B U R N

R O C H D A L E

B U R N L E Y

B U R Y

A L T R I N C H A MS T O C K P O R T

S T A M F O R DB R I D G E

N o r t h Y o r k s h i r eM o o r s

Y o r k s h i r eD a l e s

B E V E R L E Y

D R I F F I E L D

B R I D L I N G T O N

S E L B Y

T H I R S K

R I P O N

T H O R N E

H A T F I E L DS C U N T H O R P E

N O R W I C H

I P S W I C HI P S W I C HI P S W I C H

D O W N H A MM A R K E T

S W A F F H A M

D E R E H A M

B R I S T O N

G R E A TM A S S I N G H A M

S N E T T I S H A M

N O R T HW A L S H A M

S T A L H A M

M U N D E S L E Y

L I T T L EW A L S I N G H A M

H O L T

W Y M O N D H A M

A T T L E B O R O U G H

H A L E S W O R T H

B U R Y S T B U R Y S T E D M U N D SE D M U N D S

T H E T F O R D

C R O M E R

F A K E N H A M

K I N G ’ S L Y N N

B O S T O N

S L E A F O R D

B O U R N E

C O L S T E R W O R T H

B U R Y S T E D M U N D S

L O N D O NL O N D O NL O N D O N

Norwich is the county town of Norfolk and the largest of the major East Anglican centres, situated 110 miles north east of London and 65 miles north east of Cambridge.

The city benefits from excellent communications and is served by the A11 trunk road which links to the M11 and A14, the main arterial routes from London and the Midlands to East Anglia. The Norwich Northern Distributor opened in 2017 and consists of 8.7 miles of dual carriageway that links the A47 to the south east of the city with Norwich International Airport to the north.

Frequent train services are also available from Norwich to London (Liverpool Street) with a fastest journey time of approximately 1 hour 47 minutes. In addition Norwich international airport is situated just over 4 miles to the north and offers flights to various destinations in the United Kingdom and Europe.

L O C A T I O N

Not to scale. Indicative only.

A47 3.8 miles

A11 5 miles

Ipswich 43 miles

M11 (J14) 65 miles

Peterborough 74 miles

Ipswich 41 mins

Cambridge 80 mins

Peterborough 90 mins

London Liverpool Street

107 mins

D R I V I N G D I S TA N C E S :

JOURNEY TIMES (FROM NORWICH):

J A R R O L D W A Y I N D U S T R I A L E S T A T E 3

FR

AN

CI S

WA

Y

MO

RG

AN

WA

Y

J A R R O L D W AY

WE

ND

EN

E

C H A P E L B R E A K R O A D

C L O V E R H I L L RO A D

B A R N A R D R O A D

B A R N A R D R O A D

D E R E H A M R O A D

D E R E H A M R O A D

N O R W I C HC I T Y C E N T R E

B O W T H O R P EP A R K

A 4 7

A1074

2

4

5

87

9

10

11

6

3

1

1 Redpack Packaging Machinery

2 MIGSOLV Data Centre

3 Kettle Chips

4 Nielsen Brandbank

5 Bowthorpe Park Industrial Estate

6 Isuzu

7 Meltemi

8 Fox Joinery

9 Namco Funscape

10 Best Western Brook Hotel

11 Sinclair International

D E R E H A M RO A D

W A T T O N ROA D

E A R L H A MR O A D

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EE

TB

RIA

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DC

OLM

ANR OA D

IPS

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OA

D

J A R R O L D W A YI N D U S T R I A L E S T A T E

N O R W I C H

B AW B U R G H

C R I N G L E F O R D

U N I V E R S I T Y O FE A S T A N G L I A

L I T T L EM E LT O N

A47

A11 D

A146

A1074 Jarrold Way Industrial Estate is a prime industrial and

trade destination situated approximately 3.5 miles west of Norwich city centre

It forms part of the wider Bowthorpe Park Industrial Estate, an established and prominent cluster of commercial property which comprises c.250,000 sq ft of industrial accommodation

Site is accessed from Barnard Road, off Dereham Road (A1074) which in turn connects with the town centre

Situated 1.5 miles south east of the A47 trunk road which forms Norwich’s southern bypass and connects to the A11 and wider national motorway network

Local occupiers include NHS, Kettle Chips, Royal Mail, Best Western and Kuehne & Nagel

S I T U A T I O N

1 Longwater Business and Retail Parks2 Redpack Packaging Machinery3 MIGSOLV Data Centre4 Nielsen Brandbank5 Kettle Chips6 Bowthorpe Park Industrial Estate7 Fox Joinery8 Meltemi9 Isuzu10 Namco Funscape11 Best Western Brook Hotel12 Sinclair International

1

2

3

45

6

711

12

1098

A47v

NORWICH v5J A R R O L D W A Y I N D U S T R I A L E S T A T E

D E S C R I P T I O N

This property was constructed in the early 1980s and provides 55,977 sq ft of industrial accommodation. The estate comprises six terraces, providing a total of 12 industrial units (14 units including units 10-12).

The units are of steel portal frame construction with pitched roofs. The roofs are covered in profiled metal cladding, with glass reinforced plastic (GRP) rooflights.

The elevations comprise low-level brickwork, with high-level profiled metal cladding.

Each unit benefits from a steel roller shutter door to the front elevation of unit with the exception of Units 20, 22 and 24 where it is located on the side elevation.

Internally, the units provide open plan warehouse accommodation. Office accommodation to the front of the units comprises concrete blockwork walls, suspended floors and ceilings.

The external areas comprise macadam service yards and parking areas.

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ROAD

JARROLD WAY

TOTTINGTON

BARNARD

C

CHAPEL BREAK ROAD

1

20 to 2628

40

18

18

27

23

2220

53 911

15

7

1210 16 18 20 22 2414

The property has been measured in accordance with the RICS Property Measurement (1st Edition) 2015 and comprises the following Gross Internal Areas (GIA).

A C C O M M O D A T I O N

The site comprises approximately 4.1 acres (1.65 hectares) reflecting a low site cover of 32%.

S I T E

UnitArea (sq ft) Area (sqm)

EPCGround First Total Ground First Total

3 4,163 439 4,602 386.8 40.8 427.6 D(82)

5 4,175 221 4,396 387.9 20.5 408.4 D(82)

7 4,484 340 4,824 416.6 31.6 448.2 C(75)

9 4,500 - 4,500 418.1 - 418.1 C(75)

11 4,873 988 5,861 452.7 91.8 544.5 D(100)

14 3,777 3,777 350.9 350.9 C(64)

15 4,876 864 5,740 453.0 80.3 533.3 D(100)

16 4,077 4,077 378.8 378.8 C(69)

18-20 8,186 440 8,626 760.5 40.9 801.4 D(78)

22 4,467 4,467 415.0 415.0 D(96)

24 4,472 635 5,107 415.5 59.0 474.5 D(96)

Total 55,977 5,200.7

T E N U R E

Part freehold / part virtual freehold – 999 years from 1 January 1998 at a peppercorn rent.

Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved

Virtual Freehold

Freehold

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Unit TenantArea

(sq ft)

Lease Dates Contracted Rent ERV1954

L&T ActComments

Start ExpiryRent

ReviewAnnual

Per sq ft

Annual Per sq

ft

3 Lintott Control Systems Limited 4,602 14/06/2019 13/06/2029 14/06/2024 £27,627 £6.00 £29,913 £6.50 In 6 months' rent free. Vendor to top up

5 Lintott Control Systems Limited 4,396 14/06/2019 13/06/2029 14/06/2024 £26,391 £6.00 £28,574 £6.50 In 6 months' rent free. Vendor to top up

7 & 9 Lintott Control Systems Limited 9,324 14/06/2019 13/06/2029 14/06/2024 £55,975 £6.00 £60,606 £6.50 In 6 months' rent free. Vendor to top up

10 & 12 Lucy Brown t/a Rollerdor - 08/10/2015 07/10/3014 £1 - £1 - Sold off Long Leasehold at a peppercorn,

11 & 15Castle Colour Packaging Limited

11,601 24/06/2019 23/06/2029 24/06/2024 £68,500 £5.90 £69,606 £6.00 InCurrent rent £34,250 pa until 23/02/2021. Vendor to top up to £68,500 pa. Subject to a schedule of condition

14 Sinclair International Limited 3,777 08/04/2015 07/04/2020 £16,056.50 £4.25 £24,551 £6.50 Out Subject to a schedule of condition

16 Rollerdor Limited 4,077 01/11/2018 31/10/2023 01/11/2021 £24,500 £6.01 £26,501 £6.50 Out

18 & 20 Screwfix Direct Limited 8,626 24/05/2017 23/05/2027 24/05/2022 £40,000 £4.64 £51,756 £6.00 InTenant break option 24/05/2022 subject to 6 months' prior written notice. Subject to a schedule of condition

22 Lyreco UK Limited 4,467 02/05/2019 01/05/2024 £29,000 £6.50 £29,000 £6.50 Out Subject to a schedule of condition

24 Royal Mail Group Limited 5,107 28/07/2018 27/07/2023 £30,000 £5.87 £33,196 £6.50 InTenant break option 28/07/2021 subject to 12 months’ prior written notice.

Substation - 19/02/1982 18/02/2003 - -

Total 55,977 £318,050.50 £5.68 £353,737 £6.32

T E N A N C Y S C H E D U L E

The property is let to 7 tenants on 7 FRI leases producing an annual passing rent of £318,050.50 per annum, reflecting £5.68 per sq ft overall.

Following the letting of Unit 16 and the successful regear negotiations over Units 3-9 and 22 the estate benefits from an attractive WAULT of 6.4 years to breaks and 7.2 years to expiry.

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T E N A N T S ’ C O V E N A N T S

L I N T O T T C O N T R O L S Y S T E M S L I M I T E D ( 0 5 5 3 9 4 4 7 ) 1A2 – 35%

Lintott is renowned for delivering packaged products which have been designed, modelled, built & tested within the factory environment. The company dates back to the late 1970s and has undergone multiple mergers and acquisitions. The company majors on health & safety excellence, collaboration, value, people-engagement, innovation & game-changing digitisation.

R O L L E R D O R L I M I T E D ( 1 0 6 7 6 2 6 7 ) 1A2 – 8%

Rollerdor are on of the UK’s specialists in roller garage doors. They have over 10 years of experience in manufacturing garage doors.

C A S T L E C O L O U R P A C K A G I N G L I M I T E D ( 0 2 6 0 1 6 0 2 ) 2A1 – 22%

Established in 1991 by a group of packaging experts the business was bought by the current family owners in 2002. Today the company is a leading UK packaging manufacturer. They produce a range of carton board packaging products for customers in the UK and Europe from this fully integrated site in Norwich.

S C R E W F I X D I R E C T L I M I T E D ( 0 3 0 0 6 3 7 8 ) 5A1 – 13%

Screwfix is part of Kingfisher plc, the international home improvement company, with over 1,200 stores in 10 countries across Europe. Screwfix is convenient, straightforward and affordably-priced, helping its trade customers get the job done quickly, affordably and first time. Screwfix offers over 32,000 products available for pick up from 636 stores nationwide.

S I N C L A I R I N T E R N A T I O N A L L I M I T E D ( 0 2 6 4 5 8 1 7 ) 4A1 – 5%

Founded in Norwich over 30 years ago, Sinclair pioneered the development of patented technology in automatic high-speed fruit labelling systems for individual pieces of fresh produce. Today they deliver a comprehensive offering of food-safe, fresh produce labels and labelling equipment that enable packers and shippers to showcase their brand identity.

L Y R E C O U K L I M I T E D ( 0 0 4 4 2 6 9 6 ) 5A1 – 9%

With a group turnover in excess of €2bn in 2014, Lyreco ranks amongst the first worldwide distributors of workplace supplies solutions. They are active in 42 countries across 4 continents employing over 9,000 people.

R O Y A L M A I L G R O U P L I M I T E D ( 0 4 1 3 8 2 0 3 ) 5A1 – 9%

Royal Mail is the sole provider of the Universal Service in the UK. The Group delivers a 6 days-a-week, one price goes anywhere postal service to more than 29 million addresses across the UK.

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F U R T H E R I N F O R M A T I O N

I N V E S T M E N T M A R K E T C O M P A R A B L E S

Each individual EPC rating is detailed in the

accommodation table. The EPC certificates and

recommendation reports are available upon request.

The property benefits from planning consent for use

B1(c) and B8 of the Town and Country (Use Classes)

Order 1987.

The current service charge budget for the year is

£12,750 per annum, equating to £0.20 per sq ft.

Further details are available upon request.

Date Address Area (sq ft)

WAULT (Breaks)

Price Net Initial Yield

Capital Value (£psf)

Nov-19 Mills Road Industrial Estate, Aylesford 57,016 2.2 £8,390,000 5.40% £147

Sep-19Project Turbine (Guildford, Chelmsford & Oxford)

200,000 6.9 (2.7) £38,350,000 4.35% £192

Aug-19 Units 1-10, Nuffield Close, Cambridge 34,128 £5,000,000 5.00% £147

Aug-19 Epsom Business Park, Epsom 35,380 8.3 (5.7) £7,300,000 5.00% £206

Aug-19Units 1-8, Coldhams Road Industrial Estate, Cambridge

31,976 £9,240,000 4.05% £289

Jun-19 Trident Industrial Estate, Hoddesdon 150,350 £21,850,000 4.25% £145

Mar-19 Pincent Kiln Industrial Estate, Theale 62,711 3.5 (2.5) £9,250,000 5.30% £148

1 0J A R R O L D W A Y I N D U S T R I A L E S T A T E

1 1T R A M WAY I N D U S T R I A L E S TAT E

PR I C I N GWe have been instructed to seek offers in excess of £5,685,000 (Five million six hundred and eighty five thousand pounds) which reflects a net initial yield of 5.25%, a reversionary yield of 5.84% and a low capital value of £101 per sq ft, assuming standard purchaser’s costs of 6.62%.

C O NTACT

For further information or to arrange an inspection, please contact one of the following:

Jonnie Rayjonnie@cortexpartners.co.uk0207 534 099407917 647 652

Tim Cuzenstim@cortexpartners.co.uk0207 534 099207900 263 493

Ryan Meaderryan@cortexpartners.co.uk0207 534 099507585 446 354

Misrepresentation Act 1967. Cortex Partners, for themselves and the vendors of the property whose agents they are, give notice that: 1) These particulars are a general outline only for the guidance of prospective purchasers and do not constitute the whole or any part of an offer or contract; 2) Cortex Partners cannot guarantee the accuracy of any descriptions, dimensions, references to condition, necessary permissions of use and occupation and other details contained herein and therefore prospective purchasers must not rely on them as statements of factor representations and must satisfy themselves as to accuracy; 3) Cortex Partners or their employees do not have any authority to make or give representation or warranty or enter into any contract whatever in relation to this property; 4) Rents and prices quoted may be subject to VAT in addition; 5) Cortex Partners will not be liable in negligence or otherwise for any loss arising from the use of these particulars; 6) No responsibility can be accepted for any expenses occurred by intending purchasers in inspecting properties which have been sold or withdrawn; 7) Cortex Partners have not made any investigations into the existence or otherwise of any issues concerning pollution, potential land, air or water contamination. The purchaser is responsible for making their own enquiries in this regard; 8) All maps are for illustrative purposes only. January 2020 www.cube-design.co.uk (Q4353)

A NTI M O N E Y L AU N D E R I N GThe Purchaser will be required to provide information as required and requested in order to comply with our Anti-Money Laundering policy.

VATThe property is elected for VAT purposes and it is anticipated that the sale will be treated as a transfer or a going concern.