BLAYDON TRADE PARK I & II, BLAYDON, NEWCASTLE UPON TYNE, NE21 5AB. Trade Park Investment Opportunity

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2 INVESTMENT SUMMARY Two prominent trade parks located next to the A1 Western Bypass. The property comprises two trade estates totalling 61,464 sq ft (5,710.2 sq m) Gross Internal Area across five terraces. WAULT of 3.48 years to lease expiries and 2.16 years to lease breaks. Freehold. Passing rent, including rental top-ups, equates to 380,916 per annum ( 6.20 per sq ft). 26% of the income has been secured within the last 12 months. Offers in excess of 4,350,000, Subject to Contract and exclusive of VAT. Net Initial Yield of 8.28% assuming purchaser s costs of 5.80%. Capital Value of 71 per sq ft. LOCATION & SITUATION Blaydon is located approximately four miles to the west of Newcastle Upon Tyne and five miles north west of Gateshead. The town benefits from good road communications with the A1 Western Bypass running to the north, connecting to Junction 34 of the A1(M) motorway to the south east. Blaydon Trade Park is located on the southern side of Chainbridge Road, approximately 1.5 miles west of the MetroCentre. Access is gained off Toll Bridge Road and the site is highly visible from the A1 Western Bypass bridge and has good access to the A1 both north and south. The premises are less than a mile east of Blaydon town centre, which benefits from a range of shopping facilities and a bus station. Subject to Contract & Exclusive of VAT A6085 A6085 A191 Newcastle City Centre A1 A189 Royal Mail Blaydon Trade, Windows & Doors Petersen Stainless Rigging Limited A695 Lindab Fiat Arco Corus A695 Armstrong Works A695 A1114 A1 A694

3 DESCRIPTION The property comprises a multi let industrial estate of 18 units developed in two stages in 2003 and extended in The estate totals a Gross Internal Area of 61,464 sq ft (5,710.2 sq m). The units are of steel portal frame construction with metal clad elevations. There is an extensive shared parking facility at the front of the units. The units benefit from a single roller shutter door at the front and an eaves height of between 3.65m 6.0m. Internally the units have been fitted out to the tenant s specification. ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition and provides the following approximate Gross Internal Floor Area. Gross Internal Area Description Sq ft Sq m Unit 1, Blaydon Trade Park I 3, Unit 2, Blaydon Trade Park I 3, Unit 3, Blaydon Trade Park I 3, Unit 4, Blaydon Trade Park I 3, Unit 5, Blaydon Trade Park I 4, Unit 6, Blaydon Trade Park I 4, Unit 7, Blaydon Trade Park I 3, Unit 8, Blaydon Trade Park I 2, Unit 9, Blaydon Trade Park II 3, Unit 10, Blaydon Trade Park II 3, Unit 11, Blaydon Trade Park II 3, Unit 12, Blaydon Trade Park II 3, Unit 13, Blaydon Trade Park II 3, Unit 14 & 15, Blaydon Trade Park II 4, Unit 16, Blaydon Trade Park II 2, Unit 17, Blaydon Trade Park II 2, Unit 18, Blaydon Trade Park II 3, Total 61,464 5,710.0 SITE The site comprises approximately 3.83 acres (1.55 hectares) which represents a site density of approximately 37%. TENURE PHASE I The property is held Freehold. SERVICE CHARGE PHASE II For indicative purposes only. The estate is managed via two service charge budgets for Blaydon I and Blaydon II. For 2015 the budgets equate to 21,800 per annum and 23,850 per annum equating to approximately 0.75 per sq ft and 0.74 per sq ft respectively.

4 tenancy The estate is multi-let producing a total rent, including stepped rental top-ups, of 380,916 per annum reflecting an average rent across the estate of 6.20 per sq ft. The estate benefits from a weighted average unexpired lease term of 3.48 years to lease expiries and 2.16 years to lease breaks. Unit Tenant Unit Size Rent ( per Rent Start Expiry Next Review Break Comments EPCs Sq Ft annum) (psf) Date Date Date Date Unit 1 Blaydon Trade Park Phase I Nixon & Hope Property Ltd 3,488 25, /02/ /02/ /02/ /02/2018 Break requires 3 months notice. E Unit 2, Blaydon Trade Park Phase I Northern Stationery (UK) Ltd 3,488 25, /02/ /01/ /02/ /02/2019 Break requires 6 months notice. C Unit 3, Blaydon Trade Park Phase I CR Services Ltd 3,488 17, /10/ /10/ /04/2016 Break requires 3 months notice. Schedule of Condition. C Unit 4, Blaydon Trade Park Phase I The Wood Idea (Flooring & Doors) Ltd 3,488 26, /01/ /12/2016 C Unit 5 Blaydon Trade Park Phase I WREV Ltd 4,650 27, /02/ /02/2018 Fixed rental increase to 27,900 C on 18th August Vendor to top-up to this level. Unit 6, Blaydon Trade Park Phase I Your Home Improvements 4,650 23, /10/ /10/ /10/ /10/2019 Fixed rental increase to 23,150 C NE Limited on 20th October Vendor to top-up to this level. 6 months notice required on break. Unit 7, Blaydon Trade Park Phase I Kevin Scott 3,488 19, /06/ /06/2015 Prohibited use within class A1. C Unit 8, Blaydon Trade Park Phase I R Lord and Co (Newcastle) Limited 2,325 15, /11/ /11/2019 Prohibited use within class A1. Schedule of Condition. C Unit 9, Blaydon Trade Park Phase II Profix Installations (North East) 3,119 21, /01/ /01/2016 Restriction of not more than 20% D Limited of the internal area being used for retail or offices. Unit 10 Blaydon Trade Park Phase II Norland Wools Ltd 3,774 17, /09/ /09/2015 Let on a Tenancy Agreement. G Unit 11 Blaydon Trade Park Phase II Pringle Contracts (Northern) Ltd 3,774 13, /01/ /01/2020 Stepped rental increases to 13,936 C on 23rd January Vendor to top up to this level. Unit 12 Blaydon Trade Park Phase II Vacant 3,674 20, Vendor to provide 12 month rental guarantee. G Unit 13, Blaydon Trade Park Phase II Up North Catering and Leisure Ltd 3,535 20, /08/ /08/ Unit 14 & 15, Blaydon Trade Park Phase II M & S Supplies (Liverpool) Limited 4,836 33, /02/ /02/2017 Prohibited use within class A1. B Unit 16, Blaydon Trade Park Phase II Andrew Kerr 2,906 15, /08/ /08/2016 Rent deposit of 3,000 held. B Unit 17, Blaydon Trade Park Phase II Thomas Tulip (t/a Tulip's MOT Centre) 2,898 15, /10/ /10/2015 Rent deposit of 7,500 held. B Unit 18, Blaydon Trade Park Phase II Rixonway Kitchens 3,883 27, /04/ /04/2016 C Adv Hoarding, Blaydon Trade Park Phase I Vivid Outdoor Media (UK) Ltd - 5,000-25/03/ /03/ /03/ /03/2017 Outside L&T Act Adv Hoarding, Blaydon Trade Vivid Outdoor Media (UK) Ltd 4,250-24/03/ /03/ /03/2017 HOT s agreed for a co-terminous Park Phase I lease to expire on 24 March Outside L&T Act Break requires 3 months notice. Adv Hoarding, Blaydon Trade Vivid Outdoor Media (UK) Ltd - 5,000-25/03/ /03/ /03/ /03/2017 Outside L&T Act Break Park Phase II Store at rear of 13 Blaydon Trade Park Phase II Vacant - - Substation, Blaydon Trade Park II Northern Electric /02/ /02/ , , requires 3 months notice.

5 covenant The estate benefits from a diverse tenant mix, with approximately 40% of the passing income secured to the following tenants: Nixon & Hope Property Limited, M & S Supplies (Liverpool) Limited, R Lord & Co (Newcastle) Limited, The Wood Idea (Flooring/Doors) Ltd, Rixonway Kitchens and Northern Stationery (UK) Limited. Nixon & Hope Property Limited ( ) trades as Floors2Go, one of the UK s biggest wood flooring specialists. The company currently operates 40 stores nationwide. M & S Supplies (Liverpool) Limited ( ) is the leading supplier of hair and beauty products in the North of England. The company was incorporated in 1982 and trades from 10 locations. In the year to May 2014 the company reported a turnover of 6,747,386. R Lord & Co (Newcastle) Limited ( ) was incorporated in 1971 and is involved in the hiring and sale of heavy tooling products. The company trades from 10 locations in the North East and in the year to April 2014 had a net worth of 809,909. The Wood Idea (Flooring/Doors) Ltd (SC407421) is an established business operating for over 25 years in the manufacture and supply of wooden products such as laminate flooring, doors and staircases. Rixonway Kitchens ( ) was incorporated in 1978 and is a family company involved in kitchen design and manufacture who for the year ending February 2014 reported turnover of 35,147,000, a pre-tax profit of 685,000 and net worth of 17,559,000. Northern Stationery (UK) Limited ( ) was established in 1991 and is involved in the sale and distribution of office supplies and equipment.

6 VAT We understand that the property is registered for VAT which will be chargeable on the sale price unless the transaction can be treated as a Transfer of a Going Concern (TOGC). PROPOSAL We are instructed to seek offers in excess of 4,350,000, Subject to Contract and exclusive of VAT, which reflects a Net Initial Yield of 8.28% assuming purchasers costs of 5.80%. FURTHER INFORMATION For further information or to arrange an inspection please contact either of the following: Will Gubb Dickon Wood T: +44 (0) T: +44 (0) M: M: will.gubb@knightfrank.com dickon.wood@knightfrank.com Gareth Herrington James Mason T: +44 (0) T: +44 (0) M: M: gareth.herrington@knightfrank.com james.mason@knightfrank.com, 55 Baker Street, London, W1U 8AN Subject to Contract & Exclusive of VAT Important Notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members' names. March Designed & produced by Tel: