LONG LEASEHOLD RETAIL INVESTMENT FOR SALE

UNIT 1, 78/80 DALTON ROAD BARROW IN FURNESS

INVESTMENT SUMMARY

• Long Leasehold Retail Investment

• Let to Cash Converters (UK) Limited

• Turnover of £34m with net assets of £2.325m in 2011

• 15 Year FRI lease with 10 years term certain

• Initial Rent £25,000 pax

• Low zone A rate £29.50 compared to peak rates at £55

• £317,500 representing a net initial yield of approximately 7.5%

BARROW IN FURNESS The Cumbrian town of Barrow in Furness is located some 30 miles south west of Kendal and 47 miles to the west of Lancaster. It benefits from a resident population of some 47,000 with approximately 105,000 living within 20 km of the centre. (Focus estimates) RETAILING The prime retail area within Barrow in Furness is along Dalton Road and centered around the 200,000 sq ft Portland Walk Shopping Centre. PROPERTY LOCATION The property is situated on the pedestrian section of Dalton Road between the two main entrances to Portland Walk where retailers such as Debenhams, New Look, WH Smith and Boots are all located. In addition B&M Bargains, Sports World, Savers, Argos, Home Bargains etc are all located nearby. DESCRIPTION The premises are planned on Ground and First Floors and comprise the following approximate areas and dimensions. Internal width: 7.46m (24’6”) Ground Floor Sales: 131.36 sq m (1,413 sq ft) First Floor Ancillary: 127.09 sq m (1,368 sq ft) TENURE The premises are held long leasehold for a term of 999 years from 30th May 2003 at a peppercorn.

LEASE DETAIL The premises are let to Cash Converter (UK) limited from the 27th January 2012 for a term of 15 years on full repairing and insuring terms with 5 yearly rent reviews. The current passing rent is £25,000 pax. The reviews are to market rack rent although the increase at the first review is to be capped at £35,000 pax. There is a Tenant’s break clause at the expiry of the 10th year of the term upon the service of 6 months prior notice in writing. COVENANT Full covenant information is available upon application but a brief summary is below: 2011 Turnover £34,077,000 2011 net assets of £2,325,000 PRICE Our clients are seeking the sum of £317,500 plus VAT for the benefit of their Long Leasehold interest. This represents a net initial yield of approximately 7.5%. VAT We are informed that the premises are elected for VAT which will be payable on the purchase price. ENERGY PERFORMANCE CERTIFICATE An EPC is attached to these details. CONTACT Peter Heron Tel: 0113 221 6140 Email: peter.heron@sw.co.uk www.swinvestment.co.uk

25 Wellington Street Leeds LS1 4WG 0113 221 6000 Fax 0113 221 6200 www.sw.co.uk Leeds London Newcastle Manchester Teesside Chartered Surveyors and Property Consultants Note: for conditions under which these particulars are issued see over

Misrepresentation Act 1967: Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agent it is gives notice that:- 1 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 purchasers must satisfy themselves 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 Sanderson Weatherall 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 working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT Property Misdescriptions Act l99l Every reasonable effort has been made by Sanderson Weatherall to ensure accuracy. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 25 Wellington Street Leeds LS1 4WG