HILLVIE W HOUSE61 Church Road, Newtownabbey, BT36 7LQ

High Yielding Investment Opportunity

Investment Summary• The property is located within the Belfast Metropolitan Area providing easy

access to M2 and M5 motorways and key transport hubs including George Best Airport, Belfast International Airport and Ports of Belfast and Larne.

• Extensive freehold office building extending to approximately 55,000 sq. ft (5,110 sq.m), occupying a self-contained site encompassing approximately 4.23 acres offering 250 car parking spaces.

• Let to exceptional tenant with strong covenant: Capita Managed IT Solutions Limited who have 5A1 Dun & Bradstreet rating.

• Fully let to Capita Managed IT solutions from 3rd January 2017 for a period of 5 years and 6 months at a passing rent of £522,500 with the first 14 months at half rent.

We have been instructed to seek offers in excess of £3,750,000 (Three Million Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT for our client’s freehold interest assuming full purchaser’s costs at 6.52 %. The vendor is proposing to top up the rental income until April 2018.

A purchase at this level reflects an extremely attractive net initial yield of 13.08%, based on the topped up rent and a low capital value of £68 per sq ft.

Location OverviewNewtownabbey is a densely populated borough of Antrim & Newtownabbey Borough Council, located some 6 miles north of the city centre, as at the 2011 Census, it had a population of 138,600.

The area is largely residential, but also hosts several business occupiers including Capita, Abbey Business Park and Bombardier. The area also benefits from excellent road links to the city centre via the M2 motorway and Shore Road.

SituationThe property is situated c. 5.6 miles (9 km) north of Belfast city centre and c. 1.8 miles (3 km) from Northern Ireland’s extensive motorway network. The property is bounded by Church Road to the south and Derrycoole Way to the east and Boxpak Ltd to the north west.

Property DescriptionThe property comprises a steel framed office building which has been finished internally to provide for office/call centre accommodation over one floor. internally, the open plan office, individual private offices, training rooms, canteen, kitchen facilities and w.c facilities are finished to a good level with plastered and painted walls, suspended ceilings with recessed box and strip lighting with carpet or vinyl floor coverings. The car parking area comprises a tarmac covered surface providing space for in excess of 250 cars with disabled spaces provided for.

AccommodationThe property extends to an agreed Gross Internal Area of 55,000 sq ft. (5,109.62 sq m). Occupying a a self-contained site extending to approximately 4.23 acres offering 250 car parking spaces.

TenureWe understand the property is held by way of freehold/long leasehold.

Net Initial Yield 13.08%

The property is situated c. 5.6 miles (9 km) north of Belfast city centre and c. 1.8 miles (3 km) from Northern Ireland’s extensive motorway network.

Over 5 Years Remainingto Capita Managed IT Solutions The building has been an office/call centre facility since 1999

Tenancy & Covenant InformationThe tenant offers secure investment income, with excellent covenant strength evident from Dun & Bradstreet’s rating of 5A1, representing a minimum risk of business failure.

RatesWe have been advised by Land and Property services of the following:

NAV: £401,500

Rate in the £ for Antrim and Newtownabbey Borough Council 0.566060

Rates Payable: £227,273

EPCD100 - A copy of the certificate can be made available upon request.

VATAll outgoings, prices and rentals quoted are exclusive of but maybe liable to VAT.

Financial SummaryThe latest trade figures for the company are set out in the graph below.

Tenant D&B Rating Latest Accounts Date Sales Turnover Profit/(Loss)

Before TaxesTangible Net

WorthNet Current

Assets (Liabilities) Risk Indicator

Score

Capita Managed IT Solutions Limited

5A1 31/12/2015 £116,753,000 £12,927,000 £40,847,000 £34,922,0001 – Represents a minimum risk of business failure.

Property Tenant Size (sq.ft) Lease Start Term (Years) Lease Expiry Break option Headline Rent

61 Church Road, Newtownabbey

Capita Managed IT Solutions Limited

55,000 03.01.2017 5.6 03.07.2022 n/a £522,500

Tenant Covenant

Tenancy Schedule

A52

A26

A8

A24

A22

A2

A57

A55

M2

M3

M1

A6

A2

M5

M2

HILLVIEWHOUSE

Belfast

Templepatrick

Antrim

Lisburn

BelfastInternational

Airport

George BestBelfast City

Airport

Castlereagh

Newtownabbey

Ballyrobert

CarrickfergusParkgate

Holywood

Loanends

840,000

Supporting

£55m of ICT procurement (processed annually)

2,000

2,500

115,000

50,000printers

Service Desk and ICT Support

80,000

400,000

8,700

Locations

Purchasing Power£55m

Capita Managed IT Solutions provides cloud based and ICT infrastructure services and solutions to public, private and third sector organisations; and specialist managed services in the commercial, education, utilities and charities sectors.

Registered office and delivery centre in Belfast, Northern Ireland

Regional offices across the UK and Ireland (Solihull, Hemel, Glasgow, Dublin) with regional engineer teams

Part of Capita ITES and Capita plc

customers acrossthe UK

schools, collegesand academies

desktops and laptops

Manage large scale utility ICT contracts in the UK and Ireland

Responsible for the distribution and supply of almost

homes and businesses in Northern Ireland

Our monitoring platforms support

+ servers throughout the UK and

IrelandWe respond to

emails and calls annually

Our Break-fix desk logs

calls per year

We process in excess of

About Capita Managed IT LimitedUK’s leading provider of Business Process Outsourcing and integrated professional services

• A £4.7 billion pound organisation and a FTSE100 company

• Employs 75,000 people across the UK, Europe,South Africa and India

Capita Managed IT Solutions is part of Capita ITES Services which is on e of the largest UK based IT services companies in the UK and Ireland, with a resource of over 3,000 IT Professionals, many with specialist market expertise within Local Government, Financial Services, Education, Commercial and Health.

Capita Managed IT Solutions has the added advantage of being able to provide customers with access to a wider pool of resources and expertise, as well as leveraging greater economies of scale, to ensure we are delivering the most competitive costs and efficient services. Although we are part of a large corporate organisation, we value all of our customers both large and small.

ProposalWe have been instructed to seek offers in excess of £3,750,000 (Three Million Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT for our client’s freehold interest assuming full purchaser’s costs at 6.52 %. The vendor is proposing to top up the rental income until April 2018.

Based on the topped up rent a purchase at this level reflects an extremely attractive net initial yield of 13.08% and a low capital value of £68 per sq.ft.

DISCLAIMER: Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed by mmcreative.ie Produced by Savills Marketing: +44 (0) 28 9026 7820 | May 2017

Neal Morrison

+44 (0) 2890 26 7824 Neal.morrison@savills.ie

Ben Turtle

+44 (0) 2890 26 8006 Ben.turtle@savills.ie

Jamie Radcliffe

+44 (0) 2890 26 8006 Jamie.radcliffe@savills.ie

For further information or to make arrangements to inspect the property contact:

High Yielding Investment Opportunity