4 5

INVESTMENT SUMMARY

Freehold multi-let office opportunity.

Attractive post-modern building situated on a prominent corner site fronting Marylebone Road and Lisson Grove.

Gateway building to Westminster.

Offices comprehensively refurbished in 2012 to Grade A specification.

High quality office accommodation totalling 24,990 sq ft (2,322 sq m) over ground and six upper floors with terraces on the fifth and sixth floors and 12 car parking spaces.

Located within circa 200 metres of Marylebone rail and London Underground station. Edgware Road London Underground station is also 200 metres from the property.

The property will benefit from the arrival of Crossrail at Paddington station, 10 minutes walk to the west of the property.

BREEAM ‘excellent’.

Fully let to a diverse range of office tenants and currently producing a rental income of £1,192,146 pa, equating to a low rent of £48.93 per sq ft on total office net lettable area.

The most recent letting achieved within the building reflects £60 per sq ft on the fifth floor, therefore, proving significant reversion.

Opportunity to realise a significant increase in the rental income via numerous lease events in 2018 and 2019.

Low capital value of £1,040 per sq ft.

All leases are outside the Landlord and Tenant Act 1954.WE ARE INSTRUCTED TO INVITE OFFERS IN EXCESS OF £26,000,000 SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT, BASED ON THE USUAL PURCHASERS COSTS OF 5.80%. THIS REFLECTS 4.50% NIY, AN EQUIVALENT YIELD OF 5.25% AND A LOW CAPITAL VALUE OF £1,040 PER SQ FT. ALTERNATIVELY, A DISPOSAL OF THE JPUT (SPV) WOULD BE CONSIDERED.

the location

8 9

BAKER STREET

MARYLEBONE HIGH STREET

MARYLEBONE ROAD

PADDINGTON CROSSRAIL STATION 10 MINUTES WALK

OXFORD STREET

THE SHARD

BT TOWER

OXFORD CIRCUS

EUSTON

CAVENDISH SQUARE

BOND STREET

MANCHESTER SQUARE

REGENT’S PARK

BAKER STREET

PORTMAN SQUARE

MARYLEBONE

DORSET SQUARE

LANDMARK HOTEL

10 11

THE LOCATION

THE PROPERTY IS LOCATED WITHIN THE WORLD RENOWNED MARYLEBONE IN LONDON’S FASHIONABLE WEST END.

Marylebone provides an extensive range of high quality restaurants, shops and leisure amenities, complementing the diverse office tenant profile and affluent residential

demographic. The area also houses a number of internationally renowned ‘high-end’ hotels including The Landmark, The Churchill, and the fashionable Chiltern Firehouse.

As one of the most vibrant West End ‘villages’ Marylebone is bounded by Regent’s Park to the north, Fitzrovia to the east, Mayfair to the south and Paddington to the west.

The area is home to a diverse range of major international occupiers including BNP Paribas, Li & Fung, Health Care of America, Fujitsu, Pimco and British Land.

This tenant diversity is highlighted within the building itself with occupiers covering sectors including fintech, education, and construction.

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SITUATION The property (248a Marylebone Road) is situated on a prominent corner site on the north side of Marylebone Road at its junction with Lisson Grove and has excellent views down Seymour Place.

The surrounding area benefits from numerous amenities including the extensive retail and leisure offerings outlined below;

local occupiers

1. BNP Paribas2. Bacardi3. BHS4. Royal Academy of Music5. Li & Fung6. Health Care of America7. Vodafone8. Statoil 9. NCR10. Marks & Spencer

bars & restaurants

1. Seashell2. The Landmark3. Fischers4. Orrery5. The Temperance6. Dinings7. Duke of Wellington 8. Galvin Bistrot de Luxe9. Providores and Tapa Room10. L’Autre Pied

11. WeWork12. Microsoft13. BDO LLP14. Brevan Howard15. Fujitsu16. BCG17. Pimco18. Aramco19. Almacanter20. British Land

11. Chiltern Firehouse12. Il Baretto13. Ivy Café14. Home House15. The Churchill Hyatt Regency16. Texture17. The Grazing Goat18. Locanda Locatelli19. The Lockhart20. Vinoteca

EDGEWARE ROAD

MARYLEBONE ROAD

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HYDE PARK PLACE

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WESTBO

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SUSSEX GARDENS

CRAVEN ROAD

CONNAUGHT STREET

SEYMOUR STREET

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GROSVENOR SQUARE

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NEW CAVENDISH STREET

OXFORD STREET

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NEW

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HENRIETTA PLACE

WELB

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QUEEN ANNE STREET

WEYMOUTH STREET

YOR

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ALLSOP PLACE

MO

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YORK STREET

DEVONSHIRE STREET

PENFOLD STREET

BO

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PLAC

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GLOUCESTER TERRACE

MARYLEBONE

BAKERSTREET

REGENT’SPARK

GREATPORTLAND STREET

OXFORDCIRCUS

BONDSTREET

MARBLEARCH

EDGWAREROAD

PADDINGTON8

11

14

13

9

10

12

43

1

2

5

6

7

1819

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20

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5

6

9

13

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LOCAL DEVELOPMENTS & MAJOR OCCUPIERS

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1. BNP PARIBAS, 10 HAREWOOD AVE, NW1 Use: Office

Size: 312,279 sq ft Own and occupy 312,279 sq ft at 10 Harewood Avenue and a further 80,424 sq ft at 7 Harewood Avenue. BNP Paribas have refurbished both buildings in recent years.

2. NCR House, 206 Marylebone Road, NW1

Use: Office Size: c. 102,000 sq ft PC: TBC Former National Cash Register

HQ. Planning consent for residential, office and retail mixed-use building.

3. Marylebone Old town Hall, NW1

Use: Educational Size: 123,451 sq ft PC: Autumn 2016 London Business School (LBS)

acquired the building on a 35-year renewable contract from Westminster City Council. LBS will restore and extensively refurbish the property at a cost of c. £50,000,000.

4. North West House (BHS Building), 119-127 Marylebone Road, NW1

Use: Office Size: 42,000 sq ft PC: TBC North West House was bought

by WELPUT in 2015 for its refurbishment / redevelopment potential. Vacant possession is available from 2017.

5. Westar House, 139/151 Marylebone Road, NW1

Use: Office Size: c. 50,000 sq ft PC: TBC Represents a comprehensive

refurbishment or redevelopment opportunity.

6. Westcourt House, 191 Old Marylebone Road, NW1

Use: Office Size: 37,000 sq ft PC: TBC Whitbread recently purchased

the property for £31,000,000 to convert to a hotel subject to planning.

Brunel Building, 55-65 North Wharf Road, W2Use: OfficeSize: 240,000 sq ftPC: 2019Derwent London is set to start construction on this 240,000 sq ft 16 storey office building in early 2016. The canal side development is situated directly opposite the northern entrance to Paddington station.

19-35 Baker Street, 110 George Street & 30 Gloucester Place, W1Use: Office / RetailSize: c. 250,000 sq ft (proposed)PC: TBCDerwent London and The Portman Estate are appraising a scheme that would increase the floor area of the existing building from 146,000 sq ft to c. 250,000 sq ft.

Paddington Triangle, W2Use: OfficeSize: 235,000 sq ftPC: TBCCrossrail is working towards obtaining planning consent for the development of a 15-storey office building above the new Hammersmith & City line station at Paddington.

2 Merchant Square, W2 Use: Office / Retail Size: 162,000 sq ft (office)

4,400 sq ft (retail)PC: 2016One part of the six phase scheme comprising Merchant Square developed jointly by Reuben Brothers and the Jarvis Family.

Paddington Central, W2Use: OfficeSize: 146,000 sq ft + 210,000 sq ftPC: 2017 British Land is currently constructing 146,000 sq ft at 4 Kingdom Street with a further 210,000 sq ft of consented future development at 5 Kingdom Street.

OTHER KEY LOCAL DEVELOPMENTS

16 17

COMMUNICATION

Communications are excellent with Marylebone (Bakerloo line), Baker Street (Bakerloo, Hammersmith & City, Circle, Metropolitan and Jubilee lines), Edgware Road (Bakerloo,

District, Circle and Hammersmith & City lines) and Paddington (Bakerloo, Hammersmith and City, Circle and District lines) Underground stations all within a 10 minute walk of the property.

Marylebone station provides direct services to the Home Counties and the Midlands including Birmingham. Paddington station, used by circa 70 million passengers per annum, provides services to the west and south west including direct access to Heathrow Airport via the Heathrow Express within 15 minutes. Additionally, numerous bus routes operate locally providing onwards access to both central and Greater London.

BOND STREET 2 minutes

TOTTENHAM COURT ROAD 4 minutes

FARRINGDON 7 minutes

LIVERPOOL STREET 9 minutes

CANARY WHARF 16 minutes

STRATFORD 17 minutes

MAIDENHEAD SOUTHALL

HANWELL

PADDINGTON Circle Hammersmith & City Bakerloo Jubilee

WEST EALING

HEATHROW AIRPORT Piccadilly

HAYES & HARLINGTON

EALING BROADWAY Central District

TOTTENHAM COURT ROAD Northern Central

LIVERPOOL STREET Northern Central Circle Hammersmith & City Metropolitan

STRATFORD Central Jubilee DLR

MARYLAND MANOR PARK

ROMFORD SHENFIELDFOREST GATE

CANARY WHARF Jubilee DLR

CUSTOM HOUSE DLR

ABBEY WOOD

WOOLWICH

ACTON MAINLINE

FARRINGDON Circle Hammersmith & City Metropolitan

WHITECHAPEL Hammersmith & City District Overground

BOND STREET Central Jubilee

Approximate travel time from Paddington via Crossrail.

CROSSRAIL

Crossrail will provide a new high frequency, high capacity east /west rail link servicing London and the South East. An estimated 200 million passengers are expected to travel on Crossrail each

year, with London’s rail capacity set to increase by 10% as a result.

Paddington station is currently used by over 60,000 passengers every day and this is set to increase with the arrival of Crossrail. In anticipation of this increase in passenger numbers, Paddington station is set to benefit from extensive improvement works and the construction of a new Hammersmith & City line station.

The construction of Crossrail has been a catalyst for large-scale regeneration works in Paddington with the surrounding area currently undergoing extensive commercial development, enhanced public spaces and improved local amenities.

CROSSRAIL IS EUROPE’S LARGEST INFRASTRUCTURE PROJECT AND IS SCHEDULED FOR COMPLETION IN 2018.

the building

20 21

THE BUILDING

THE ENTIRE BUILDING WAS COMPREHENSIVELY REFURBISHED IN 2012 TO CREATE MODERN OFFICE ACCOMMODATION THROUGHOUT.

The property is arranged over ground and six upper floors and provides 24,990 sq ft (2,321 sq m) of Grade A office accommodation benefitting from natural light on three sides.

The refurbished double height reception area features a prominent hand painted graphic and wallpaper by the renowned designer Morag Myerscough supergrouplondon.co.uk

The office accommodation has also benefited from a full programme of refurbishment works. The ground floor unit is accessed via a separate entrance fronting Lisson Grove, while floors one through to six are accessed via the stunning double height main reception area that

fronts Marylebone Road. The office accommodation is mainly open plan regular floorplates with glazed partitioning to suit individual tenant requirements on the majority of floors.

There are two passenger lifts accessed via the reception area. One lift provides access for floors one through to five, whilst the second lift accesses all upper floors including an express function to the sixth floor.

The property provides 12 car parking spaces accessed from Lisson Grove via a ramp.

floor use area sq ft (NIA) area sq m (NIA)

6 Office 2,365 219.7

5 Office 3,278 304.5

4 Office 3,912 363.4

3 Office 4,274 397.1

2 Office 4,332 402.5

1 Office 3,925 364.6

GOffice 2,278 211.6

Reception 626 58.2

LG Car parking (12 spaces)

TOTAL 24,990 2,321.6

These areas represent the measured survey undertaken by Plowman Craven in accordance with the 6th Edition of the RICS Code of Measuring Practice. This survey is available on the data site.

CONTEMPORARY ARTWORK IN THE DOUBLE HEIGHT RECEPTION AREA

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FLOOR PLANS

g

1

Office 2,278 SQ FT / 211.6 SQ M

Reception 626 SQ FT / 58.2 SQ M

Office 3,925 SQ FT / 364.6 SQ M

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KEY: OFFICE RECEPTION LIFT

5

6

Office 3,278 SQ FT / 304.5 SQ M

Office 2,365 SQ FT / 219.7 SQ M

Floor plans not to scale. For indicative purposes only.

24 25

The Grove was comprehensively refurbished in 2012 to include:

A rating of BREEAM ‘excellent’.

New four pipe fan-coil air conditioning.

New raised floors – Ground to 5th floors - 150mm.

New LG7 compliant Zumtobel lighting.

Terraces on 5th and 6th floors.

Two new Kone passenger lifts.

Two showers at ground floor level, bicycle racks & drying room.

Fully DDA compliant.

New windows – high performance glazing throughout.

Typical floor has four unisex WCs including one DDA compliant WC.

SPECIFICATION

26 27

28 29

TENURE TENANCY SCHEDULE

FREEHOLD. THE PROPERTY IS FULLY LET TO SEVEN TENANTS ON SEVEN SEPARATE LEASES.

(1) Agreement for the lease of the 5th floor and surrender and variation of lease of the Fitness First Clubs Limited lease over both 4th and 5th floors. Contracts exchanged for this surrender and variation on 3 February 2016 with completion due on 31 March 2016.

(2) Fitness First has underlet the 4th floor to EZ Bob Limited for a term commencing 1st April 2016 and expiring 10th March 2018.

(3) Electricity substation lease for 99 year term from 07/07/1989 at a rent of £0.05 per annum (if demanded).

Floor Demise Tenant Name Lease Start

Lease Expiry(Break Date) Next Review

Floor Area (sq ft)

Floor Area (sq m)

Rent (per annum)

Rent (per sq ft) Comments

6Galliford Try Services Limited

14/06/201313/06/2023(14/06/2018)

14/06/2018 2,365 219.7 £106,425 £45.00 Outside the 1954 Act. Guaranteed by Galliford Try Plc.

5Leonard Curtis & Co (1)

31/03/201630/03/2026(31/03/2021)

31/03/2021 3,278 304.5 £196,680 £60.00Outside the 1954 Act. Guaranteed by Leonard Curtis Recovery Limited. 6 months’ rent free (to be topped up by the vendor).

4Fitness First Clubs Limited (1) (2)

14/03/201313/03/2023(14/03/2018)

08/03/2018 3,912 363.4 £190,436 £48.68 Outside the 1954 Act. Guaranteed by Fitness First Limited.

3Prism Financial Products LLP

16/07/201315/07/2023(15/07/2018)

16/07/2018 4,274 397.1 £213,700 £50.00Outside the 1954 Act. An additional rent net period of 3 months will be granted to the tenant should break options not be exercised.

2The Pew Charitable Trusts

14/05/2013 13/05/2023 14/05/2018 4,332 402.5 £205,770 £47.50Outside the 1954 Act. Authorised Guarantee Agreement from Intermune UK & I Limited - guaranteed by Intermune Inc. An additional rent net period of 3 months will be granted to the tenant should break options not be exercised.

1Bellerbys Educational Services Ltd

17/05/2013 16/05/2018 3,925 364.6 £176,625 £45.00 Outside the 1954 Act. Guaranteed by Study Group Limited.

G

The Embassy of the Rep. of Latvia

02/01/2014 01/01/2019 2,278 211.6 £102,510 £45.00 Outside the 1954 Act.

Reception 626 58.2

Jerome House (Residential)

Dalton Properties Limited

20/02/2014 28/09/2204 20/02/2039 - - £10,300 - Head rent doubles every 25 years to and including 2089.

Car parking

- - - - - - £33,001 -8 car parking spaces let on licences at £3,000 pa per space. 1 car parking space let on a licence at a peppercorn rent. 3 vacant car parking spaces to be topped up by the vendor at £3,000 per space.

TOTAL 24,990 2,321.6 £1,235,447

30 31

COVENANTS

GALLIFORD TRY SERVICES LTDGalliford Try is a FTSE 250 homebuilding and construction company. Founded in 1908 the company provides a range of services including housebuilding, commercial construction, investment, affordable housing and facilities management.

For the year ending 30 June 2015 Galliford Try Services Ltd showed a turnover of £17,940,000 and a pre-tax profit of £19,413,000. Galliford Try has a Dun & Bradstreet Rating of 4A1. The lease is guaranteed by Galliford Try Plc. Galliford Try Plc reported a pre tax profit in 2015 of £114,000,000.

LEONARD CURTIS & COLeonard Curtis & Co is a company focused on business rescue and recovery. Services include business review, administration, Company Voluntary Arrangements (CVAs), administrative receivership and liquidation.

For 2014, Leonard Curtis & Co showed a turnover of £16,000,000, a pre tax profit of £2,100,000 and net assets valued at £9,500,000.

Dun & Bradstreet reports that the tenant represents a below average risk.

BELLERBY’S EDUCATIONAL SERVICES LIMITEDBellerby’s Educational Services Limited is incorporated within The Study Group, a global leader in preparing international students for study abroad. The Study Group operates colleges, both independently and with partners, in the UK, Europe, North America and Australasia.

For the year ending 31 December 2014 Bellerby’s Educational Services Limited showed a turnover of £105,695,128 and a pre-tax profit of £38,058,181. The company has a Dun & Bradstreet rating of 5A1.

FITNESS FIRST CLUBS LIMITEDFounded in 1993 Fitness First is a global premium fitness club operator with circa 360 clubs in 16 countries worldwide spanning Europe, The Middle East, Asia and Australia. For the year ending 31 October 2014 the company showed an annual turnover of £73,320,000.

PRISM FINANCIAL PRODUCTS LLPPrism Financial Products LLP, founded in 2013 is a business providing trade execution and arranging services in regulated investments, with associated financial analysis, for eligible counterparties or professional clients. Prism’s clients include hedge funds, pension funds, asset managers and investment banks.

For the year ending 31 March 2015, the company showed a turnover of £2,219,853 and a tangible net worth of £4,535,629. Prism has a Dun & Bradstreet rating of 2A1 representing a minimum risk of business failure.

EMBASSY OF THE REPUBLIC OF LATVIAThe property houses the consular section of the Latvian embassy. Services include passports, citizenship registration and emergency travel arrangements.

As a government organisation there is no financial data available however Dun and Bradstreet reports that the tenant represents a minimum risk of business failure.

THE PEW CHARITABLE TRUSTSThe Pew Charitable Trusts is an independent non-profit public charity based in Philadelphia. It is the sole beneficiary of seven charities established between 1948 and 1979. The charity primarily focuses on improving public policy, supporting scientific research and working with major health and social services to assist disadvantaged communities.

The Pew Charitable Trusts has net assets totalling £438,000,000.

INTERMUNE UK & I LIMITED (Guarantor to The Pew Charitable Trusts)

Intermune UK & I Limited is an American based biotechnology company that specialises in research, development and innovation.

Intermune was bought by Roche in 2014 and has Dun & Bradstreet rating of 4A2. For the year ending 31 December 2014 the Intermune had a turnover of £10,328,331 and a tangible net worth of £23,233,194.

STUNNING MODERN OFFICE ACCOMMODATION

32 33

WEST END OFFICE MARKET COMMENTARY

The West End office market is experiencing strong levels of take-up driven by the economy and occupier confidence.

Q4 2015 saw the highest levels of take up in 12 years, with 1.4m sq ft of space taken, including Facebook confirming its pre-let of 217,000 sq ft at Rathbone Square. A high level of pre-letting activity (30% of total take-up) has meant that the West End has outperformed all other UK markets in the final quarter of 2015. This breadth of underlying demand is reflected in the West End vacancy rate of just 2.9%, a 15 year low. The average West End Grade A rent currently stands at £77.50 per sq ft.

Marylebone is a popular location for a diverse range of office occupiers, who are attracted not only by the discount to core Mayfair and St James’s but also by the various amenities offered and the atmosphere of Marylebone Village.

BNP Paribas are a major occupier in the immediate vicinity of The Grove – they own and occupy two buildings on Harewood Avenue, more than c. 400,000 sq ft – having recently undertaken an extensive refurbishment of one of their properties. They also occupy 36,500 sq ft at Woolworth House, Marylebone Road.

The significant development pipeline within Marylebone and Paddington is also a factor in forward-thinking businesses looking to relocate to this area with the arrival of Crossrail in 2018 at Paddington and Bond Street stations proving a big pull.

Date Property area (sq ft) rent tenant floor

Feb 16The Grove, 248a Marylebone Road, NW1

3,278 £60.00 Leonard Curtis & Co 5

Dec 15 21 Gloucester Place, W1 2,929 £70.00 London Exectutive Offices Entire building

Nov 15 16-18 Connaught Place, W2 3,164 £72.50 Bregal Capital LLP 2

Oct 15 55 Baker Street, W1 5,668 £68.00 ISAM Services (UK) 4

Sep 15 55 Blandford Street, W1 2,180 £80.00 New Look 4

Mar 1572-75 Marylebone High Street, W1

1,640 £63.00 Optegra (UK) Ltd 3

Feb 15 7 Portman Mews South, W1 2,929 £60.00 Confidential 2

INVESTMENT MARKET COMMENTARY

The central London investment market remains one of the most sought after and liquid real estate markets in the world. The strong fundamentals of an established legal system, excellent

transport communications and infrastructure, unparalleled leisure and retail amenities, a skilled labour pool and excellent global positioning attract occupiers from across the world. This is evidenced by the majority of Fortune 500 and FTSE 100 companies locating headquarters within London. The diverse occupier base within the capital, combined with a limited supply of investment opportunities, consistently attracts a wide range of both domestic and international buyers, including institutional, corporate and private investors, who perceive London as a safe-haven for their equity. This has resulted in London being the world’s most traded city over the past four years.

THE WEST END INVESTMENT MARKET

West End investment volumes in 2015 totalled c. £9.3bn, a 12.6% increase on 2014 levels. With the forecast of strengthening occupational markets and restricted occupational supply, it is anticipated that the West End investment market will continue to witness strong levels of demand as 2016 progresses. The market continues to show strong demand for high quality assets in central London locations, particularly for multi-let assets offering strong rental growth prospects and asset management opportunities. This, combined with the weight of capital, competition for assets and forecast rental growth has increased investor appetite to move up the risk curve in order to boost returns. Sustained demand for the key West End sub-markets coupled with limited supply, are expected to continue to place pressure on prime yields which currently stand at c. 3.50%.

Date Property PriceCapital Value

(£ per sq ft)NIY Comments

Mar 16 21-23 Dorset Square, NW1 £15,000,000 £994 2.38%Quoting price - Available. Refurbishment / redevelopment opportunity.

Feb 16 28 Dorset Square, NW1 £31,000,000 £1,355 3.56% Quoting price - Available.

Dec 15 30 Haymarket, SW1 £40,500,000 £1,660 3.50% Freehold. Multi-let.

Dec 15 81 Piccadilly, W1 £23,775,000 £1,410 3.99% Long leasehold. Multi-let.

Nov 15 Davidson Building, WC2 £66,900,000 £1,515 3.84% Freehold. Multi-let.

Sep 15Fitzroy House, 355 Euston Road / 45 Warren Street

£45,000,000 £1,057 4.51% Freehold. Multi-let.

May 15North West House, 119-127 Marylebone Road, NW1

£38,280,000 £914 n/aFreehold. Comprehensive refurbishment / redevelopment opportunity.

KEY INVESTMENT COMPARABLESKEY OFFICE LEASING COMPARABLES

34

FURTHER INFORMATION

VAT

The property is elected for VAT which will be chargeable on the purchase price. It is anticipated that the transaction is to be treated as a transfer of going concern (ToGC).

Energy Performance Certificate

The property has been classified as having an EPC rating of ‘B’.

Planning

The property is not listed and does not lie within a conservation area.

Capital Allowances

Capital allowances may be available to a purchaser by separate negotiation.

Data Room

Please contact Allsop for password protected access to the data room.

SPV

The asset is currently held in a Jersey Property Unit Trust (JPUT). Interested parties are requested to refer to their own advisors for accounting, legal, regulatory, tax or other advice in this respect.

Proposal

WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £26,000,000 (TWENTY SIX MILLION POUNDS) SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT, REFLECTING AN ATTRACTIVE NET INITIAL YIELD OF 4.50%, AN EQUIVALENT YIELD OF 5.25% AND A LOW CAPITAL VALUE OF £1,040 PER SQ FT AFTER ALLOWING FOR PURCHASERS COSTS OF 5.80%.

Alternatively a disposal of the JPUT would be considered.

disclaimer

For further information or to make arrangements for viewing please contact:

Ben Blinston-Jones

020 7543 6716 ben.blinston-jones@allsop.co.uk

Nick Pemberton

020 7543 6775 nick.pemberton@allsop.co.uk

Piers Glover

020 7543 6810 piers.glover@allsop.co.uk

Mark Ibbotson

020 7543 6879 mark.ibbotson@allsop.co.uk

BROCHURE DESIGNED AND PRODUCED BY SAENTYS | +44 (0)20 7407 8717 | WWW.SAENTYS.COM

Misrepresentation 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representative of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. March 2016.