Industrial Investment

Industrial Investment Opportunity

Teleperformance Ltd, Unit 16, Ashby Park, Ashby de la Zouch, Leicestershire LE65 1JF

Investment Considerations ■ Freehold

■ Modern high specification industrial unit

■ Let for a further 3.5 years

■ Site area of 4.10 acres with low site cover of 40%

■ Total accommodation area of 71,130 sq ft (6,608 sq m)

■ Passing rent of £465,000 per annum

■ We are instructed to seek offers of £4,880,000 (Four Million Eight Hundred and Eighty Thousand Pounds), subject to contract and exclusive of VAT, which reflects an attractive net initial yield of approximately 9%, after purchaser’s costs of 5.80%.

■ A purchase at this level reflects a low capital value of approximately £68 per sq ft.

Teleperformance Ltd, Unit 16, Ashby Park, Ashby de la Zouch, Leicestershire, LE65 1JF

LocationAshby de la Zouch is located within the heart of Leicestershire in the East Midlands. Ashby Park benefits from excellent transport communications being situated less than 0.5 miles from junction 13 of the A42 dual carriageway, which provides direct access to junction 23A of the M1 motorway, (8 miles to the north), and junction 4 of the M6 motorway, (21 miles to the south). Nottingham East Midlands Airport is located approximately 7.6 miles to the north.

SituationAshby Park is a well established 43 acre Business Park comprising a mixture of headquarter office buildings, high quality warehouses and a development of B1 units, known as Charter Point. Notable occupiers on the Park include Siemens, Ceva and HK Wentworth.

The property is situated on the western side of Coalfield Way which provides access to the A42 via the A511, a short distance to the north. Adjacent to Ashby Park is the Flagstaff 42 Industrial Estate which includes McVities’ National Distribution Centre, totalling approximately 325,000 sq ft.

The area is well served by amenities with a Tesco Extra and the Nottingham Road Retail Park which includes retailers such a Wickes and Pets at Home located within one mile of the subject property.

The excellent access to the national motorway network enables direct links to a number of major UK cities:

City Distance

Nottingham 34 km (21 miles)

Leicester 27 km (17 miles)

Birmingham 50 km (31 miles)

London 183 km (114 miles)

Market Stree t

Wood Street

Nottingham Road

Range Road

Leicester Road

Smith

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Coa

lfiel

d W

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Cor

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Charterpoint Way

B587 Nottin

gham

Roa

dA51

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A42

A42

A511 Ashby Road

A511

A511

Drain

Tank

16

Drain

FB

CO

ALF

IELD

WA

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0m 25m 50m 75m

Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1394

© Crown Copyright, ES 100004106. For identification purposes only.

Accommodation

Description Sq m Sq ft

Warehouse 4,652 50,075

Ground floor office/canteen

488 5,257

First floor offices 1,468 15,798

Total 6,608 71,130

TenancyThe property is let to Teleperformance Ltd on a full repairing and insuring lease commencing on 1st July 2002 and expiring on 31st March 2018, therefore providing approximately 3.5 years unexpired.

The lease is subject to 5 yearly upward only rent reviews. The annual rent is to be reviewed to the higher of the rent passing or 131% of the rent calculated by multiplying the gross internal floor area of the

building by a rent per square foot that would apply to a conventional industrial/warehouse building with 10% office content and without modification. The hypothetical lease term is 10 years.

The current rent is £465,000 equating to £6.53 per sq ft overall. This equates to a warehouse rental, as devalued under the rent review provisions, of £4.99 per sq ft.

Manchester

Nottingham City

East Midlands

Leicester

Birmingham

A42

A50

A50

A444

A515

A516

A511

A5

A508

A6003

A61

A6

A60

A453

A46

A614A619

A6A15

A1

A1

A1

A52

A15

A606

A47

M1

M6

M6

M6

M56

M60

M54M42

M42

M69

A1 (M)

A1 (M)

M5

M1

Stoke-on-Trent

Crewe

Chesterfield

Gainsborough

Rotherham

Mansfield

Newark-on-Trent

Boston

Wolverhampton

Tamworth

Stafford

Kidderminster

Telford

RugbyKetting

Doncaster

Macclesfield

Warrington

Lincoln

Pea

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ict

Nat

iona

l Par

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NOTTINGHAM

ASHBY-DE-LA-ZOUCH

MANCHESTER

COVENTRY

LEICESTER

DERBY

BIRMINGHAM

PETERBOROUGH

SHEFFIELD

DescriptionThe property was constructed in 2002 to provide a high specification warehouse, with ancillary office accommodation, totalling 71,130 sq ft (6,608 sq m).

The property comprises a two bay steel portal frame building with a pitched roof and elevations clad with profiled steel sheeting and brickwork to the two storey offices.

The property was developed to a high specification, which includes the following:

• A minimum eaves height of 9m (29.5ft).

• 4 dock level and 2 level access loading doors

• Heating to the warehouse via gas fired hot air blowers

• Lighting to the warehouse via sodium lights

• Sprinkler system to the warehouse accommodation

• High specification two storey offices benefiting from raised floors, suspended ceilings incorporating fluorescent strip lighting and air conditioning

The tenant has undertaken significant works to the property including a substantial fit out of the office accommodation as well as the installation of full height racking to part of the warehouse accommodation to suit their occupational requirements.

Externally, the property benefits from a large and secure service yard to the rear.

Industrial Investment

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP 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 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. Design: CommandD www.commandHQ.co.uk 11.14

Alex Butler 020 7543 6722alex.butler@allsop.co.uk

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

Mark Dansky020 7543 6813mark.dansky@allsop.co.uk www.allsop.co.uk

Teleperformance Ltd, Unit 16, Ashby Park, Ashby de la Zouch, Leicestershire, LE65 1JF

Proposal We are instructed to seek a price of £4,880,000 (Four Million Eight Hundred and Eighty Thousand Pounds), subject to contract and exclusive of VAT, which reflects an attractive net initial yield of approximately 9%, after purchaser’s costs of 5.80%. A purchase at this level reflects a low capital value of approximately £68 per sq ft.

CovenantTeleperformance Ltd (formerly MM Teleperformance Ltd) is part of the global Teleperformance brand with over 135,000 employees in 45 countries. The company had a global revenue of $3.23bn in 2013.

Teleperformance provides a range of hi-tech business functions, customer channels and contact media. From the subject property, Teleperformance operate a number of call-centre contracts for companies such as Identity and Passport Service, Allied Irish Bank and N-Power.

Teleperformance Ltd (02060289) produced the following accounts for the following three years:

31/12/2011 31/12/2012 31/12/2013

Turnover £70,056,000 £147,447,000 £154,962,000

Pre-Tax Profit -£731,000 £10,630,000 £7,350,000

Total Net Worth £5,302,000 £14,490,000 £19,389,000

Tenure Freehold

SiteThe site totals approximately 1.66 hectares (4.10 acres) providing a site density of 40%.

EPCEPC rating: C53 (Available on request).

VATWe understand the property has been elected for VAT and therefore VAT will be chargeable on the purchase price. We anticipate that the transaction will be treated as a transfer of a going concern (TOGC).

Teleperformance