Office Investment

Office Investment Opportunity

Units 4 & 5, Europa Court, Sheffield Business Park, Sheffield S9 1XE020 7588 4433

Units 4 & 5, Europa Court, Sheffield Business Park, Sheffield S9 1XE

Sheffield CityAirport

NOTTINGHAM

SCUNTHORPE

GRIMSBY

HULL

DONCASTER

ROTHERHAM

SHEFFIELD

HALIFAX

Huddersfield

Wakefield

Barnsley

DERBY

Newcastle-under-Lyme

Stoke-on Trent

Crewe

Stockport

Oldham

BuryRochdale

MANCHESTER

Grantham

LINCOLN

Mansfield

ChesterfieldBuxtonMacclesfield

Gainsborough

Peak

Dis

tric

t N

atio

nal p

ark

A56

A61

A61

A57

A57

A57

A57

A57

A57A57

A15

A15

A15

A15

A15

A15

A15

A46

A46

A46

A46

A46

A46

A46

A46

A46

A46

A46

A15

A63

A63

A15

A15

A15

A61

A61

A61

A61

A52

A52

A54

A53

A53

A34

A53

A53

A52

A52A52

A38

A38

A38

A38

A1

A1

A1

A1

A1

A1

A1

A1

A1

A6

A6

A6

A666

A628

A638

A631 A631 A631

A158

A158

A159

A159

A180

A164

A180

A159

A156

A156

A158

A614

A614

A614

A614

A453A606

A628

A616

A628

A623

A523

A523

A523

A523

A523A520

A520

A520

A523

A623

A619

A617

A610

A610

A610

A619

A6102

M6

M6

M6

M6

M1

M1

M1

M1

M1

M1

M1

M1

M1

M1

M1

M1

M1

M61

M62

M62

M62

M62

M62

M65

M62

M62M62

M62

M62

M18

M18

M18

M18

M18

M62

M62

M62

M56

M56

M60 M60

M60

M60

M66

M66

M67

M180

M180

A1(M)

A1(M)

A1(M)

A1(M) M180M181

Investment Considerations ■ Sheffield is the fourth largest city in England and the principal commercial centre in South Yorkshire

■ Sheffield Business Park is the largest business park in Yorkshire with approximately 600,000 sq ft of accommodation built and occupied.

■ Occupiers on the Park include SIG Group, Siemens VAI, Stanley Tools, Ansys Fluent Europe, Trans Network Solutions, South Yorkshire Police and VOW Europe Ltd.

■ 2 modern detached (2005 build) units providing total accommodation of 19,080 sq ft.

■ 62 car spaces equating to a ratio of 1:308

■ Current passing rent of £254,635.25 per annum.

■ Freehold.

■ Offers are sought in excess of £1.5m subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 16.05% after purchaser’s costs of 5.8% and equates to a capital value of £78.61 psf.

SheffieldWith a district population of 513,000, Sheffield is the fourth largest city in England and is the principal commercial centre in South Yorkshire. The city is centrally situated within the UK, approximately 165 miles north of London, with 22 direct trains per day and a fastest journey time of 2 hours 7 minutes.

Whilst the City has an industrial heritage founded on steel making and engineering, recent years have seen an economic resurgence with the development of new precision industries in the fields of advanced metallurgy, precision engineering and medical sciences. Rolls Royce and Boeing have recently chosen Sheffield as a centre for new production facilities, on the Advanced Manufacturing Park.

Other major employers in the city include HSBC, Aviva, Capita, Virgin Media, DWP, the Home Office and Irwin Mitchell.

Sheffield Business ParkSheffield Business Park is the largest business park in Yorkshire, extending to over 200 acres with approximately 600,000 sq ft built and occupied. The park has excellent road links to both Junctions 33 and 34 of the M1 motorway as well as dual carriageway access into Sheffield city centre. The Meadowhall Shopping Centre is less than five minutes’ drive away. It is estimated that the Park has access to a workforce of over 1 million people within one hours’ drive.

The park benefits from a well landscaped environment, adjoining green belt land and a golf course. Amenities on site include a hotel, nursery, conference facilities, two cafes and regular bus services to the City Centre.

Major occupiers on the park include SIG Group (HQ), Stanley Tools (HQ), Ansys Fluent Europe, Siemens VAI, Transaction Network Solutions, South Yorkshire Police and VOW Europe Ltd.

For further information, including masterplan and visuals, see www.sheffieldbusinesspark.co.uk

EUROPA COURT

EURO

PA C

OUR

T

Sheffield Airport Business Park

Uni

t 6

Unit 5

Sheffield City Airport (disused)

1

Control Tower

2

Pond

Gas GovEl Sub Sta

3

Unit 4

0m 10m 20m 30m

Europa Court, Sheffield

Ordnance Survey © Crown Copyright 2012. All rights reserved. Licence number 100020449. Plotted Scale - 1:1250

Units 4 & 5 Europa CourtComprising Phase II of Europa Court, the properties were completed in September 2005 and comprise high quality detached business units overlooking a central car park, accessed off Europa Link, the central spine road of the business park. The two storey units are of steel-frame construction with metal cladding panels and metal decked roofing.

The specification includes: -■ Comfort cooling■ Raised access floors (160 mm void) with carpeting■ Suspended ceilings incorporating recessed LG3 lighting■ 8 person passenger lift■ Fully double glazed■ Full facility core with WC’s, shower and disabled facilities■ Fully DDA compliant■ Spacious entrance lobbies

HS2The property lies directly on the route currently proposed for the HS2 train link planned for completion in 2032. Property owners affected by the project will be fully compensated should the scheme proceed.

AccommodationUnits 4 & 5 total 19,080 sq ft, together with 62 car parking spaces.

Unit 4 is let in its entirety to HSBC, with a banking hall and ATMs to part ground floor. The remainder of the ground floor and all the first floor houses the bank’s South Yorkshire Business Centre.

Unit 5 accommodates the offices of Gleeson Homes on the ground floor. Transform Medical occupy the first floor, which is set out as consulting rooms and cosmetic surgery treatment rooms.

Unit 6 is a ground rent only. This building is also occupied by Gleeson Homes.

All tenants are in full occupation.

Tenure Freehold

VATWe understand that the property is elected for VAT.

Treeton Cricket& Football Club

TreetonDyke

Tinsley ParkGolf Course

AttercliffeHill Top

SheffieldCity Airport

J33

J33Europa Link

Europa Link

Europa Link

Europa Link

Europa Link

Eur opa View Europa Ct

B606

6 W

hitehill Ln

Main

St

B6067 B

rinsworth R

d

B6067 B rinsworth Rd

New Brinsworth Rd

Poplar WayB6066

Org

reav

e R

d

Treaton Ln B

6067

Mill Ln Station Rd B606

7 Wood Ln

B6066

B60

66

B6

066 Highfield Spring

B6066 R

otherham

Rd

B6200 Handsworth Rd

Retford Rd B6200

B6200 Main Rd Handsw

orth Rd B6200

B6200 Staniforth Rd

B6065 Dameli Rd

Main Rd B6065

A630 R

otherway

A621

A57 Sheffield Pkwy A57

A630 Sheffie

ld Pkwy A63

0

A

630

She

ffiel

d Pk

wy A630

A630 Sheffield Pkwy A630

Prin

ce o

f Wal

es R

d

A6102 Broughton Ln A

6102

A6102 G

reenlandd

Rd

A6102

A

6102 Prince of W

ales Rd A

6102

A63

1

Sh

epco

te L

n A

631

A57

M1

M1

M1

M1

Darnall

Unit Tenant Sq Ft Rent Passing

Rent PSF

Term Start Date

Lease End Date

Next Rent Review Date

Next Break Date

Break Date Notice Period

In Months

Comments

Building 4 HSBC Bank Plc

10,698 £162,031.25 £15.15 26/10/2007 25/10/2017 - - -

Building 5 - 1st floor

Transform Medical Group (CS) Limited

4,191 £61,854.00 £14.76 19/01/2006 18/01/2021 18/01/2016 19/01/2016 12

Building 5 - Ground Floor

Gleeson Developments Ltd (guarantee from M J Gleeson Group plc)

4,191 £30,750.00 £7.34 24/10/2011 23/10/2021 23/10/2016 24/10/2016 6 Rent increases to £32,800 on 24/10/15

Total 19,080 £254,635.25

Tenancy

Sites outlined in blue have been sold off on a long lease.© Crown Copyright, ES 100004106. For identification purposes only.

Building 6 sold off on long lease.

Misrepresentation Act: 1. Allsop LLP and Hague Nicholls on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop and Hague Nicholls is, gives 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 representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop or Hague Nicholls nor any of their 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. Hague Nicholls is the trading name of Hague Nicholls. 11.13

Units 4 & 5, Europa Court, Sheffield Business Park, Sheffield S9 1XE

Proposal Offers are sought in excess of £1.5m subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 16.05% after purchaser’s costs of 5.8% and equates to a capital value of £78.61 psf.

www.allsop.co.uk

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

David Hague0114 2795010david.hague@haguenicholls.com

Hague Nicholls

Scott Tyler020 7543 6719scott.tyler@allsop.co.uk

Dale Johnstone020 7543 6796dale.johnstone@allsop.co.uk

Allsop LLP020 7437 6977

Covenant Information

HSBC Bank PlcHeadquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC’s international network comprises around 7,200 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.

HSBC 31/12/2012 31/12/2011 31/12/2010

Turnover (’000) - - -

Pre-tax Profit (’000) £1,004,000 £3,111,000 £4,011,000

Net Worth (’000) £23,849,000 £20,095,000 £20,682,000

Gleeson Developments LtdGleeson Homes is the house building division of the MJ Gleeson Group plc, founded in 1903. The Gleeson Group now specialises in the development of housing on brownfield land in the North of England, the promotion through the planning system, and subsequent sale, of green field sites for housing in the South of England and investment in social housing Private Finance Initiative schemes.

Gleeson Developments Ltd 30/06/2013 30/06/2012 30/06/2011

Turnover (’000) £43,211 £27,143 £30,297

Pre-tax Profit (’000) £5,919 £2,742 £1,550

Net Worth (’000) £24,422 £15,382 £12,633

MJ Gleeson Group plc 30/06/2012 30/06/2011 30/06/2010

Turnover (’000) £41,937 £41,353 £46,534

Pre-tax Profit (’000) £3,797 £1,542 £447

Net Worth (’000) £100,394 - £97,843

Transform Medical Group (CS) LtdTransform Medical Group is the UK’s longest established cosmetic surgery provider. The organisation has been established for 38 years and has 27 clinics across the UK in addition to 2 dedicated cosmetic surgery hospitals.

Transform Medical 30/09/2012 30/09/2011 30/09/2010

Turnover (’000) £39,605 £36,557 £36,265

Pre-tax Profit (’000) (£1,017) (£698) £504

Net Worth (’000) £7,606 £8,426 £8,778

www.haguenicholls.com