STRATEGICALLY SITUATED AT JUNCTION 8A M40

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1 9,279 sq ft. 2.1 Acres with low site coverage. FREEHOLD OFFICE INVESTMENT EDON BUSINESS PARK THAME ROAD, WHEATLEY OXFORD OX33 1JN OXFORD WHEATLEY A40 OXFORD CITY CENTRE 10 MILES EDON BUSINESS PARK Welcome Break Oxford motorway service area M40 NORTH BANBURY / BIRMINGHAM 30 MILES 80 MILES M40 SOUTH LONDON 50 MILES JUNCTION 8A STRATEGICALLY SITUATED AT JUNCTION 8A M40

2 INVESTMENT SUMMARY Six buildings let to two tenants 9,279 Sq Ft with 50 car parking spaces Passing Rent 91,000 pa with reversion to 121,800 pa based on 17 per sq ft Low site coverage Strategic location at Junction 8A of the M40 next to the Oxford Service Area Offers are invited in the region of 1.75M subject to contract and exclusive of VAT reflecting a capital value of 190 per sq. ft. and an initial yield of 4.9% and a reversionary yield of 6.57% (assuming purchaser s costs of 6%) Green Barn White Lodge Shire Barn The Stables Andrew House Stanley House LOCATION PROPOSAL We are instructed to seek offers in the region of 1,750,000 plus VAT Edon Business Park is strategically situated at J8A of the M40 sharing the access road to the Welcome Break Oxford motorway service area. This is an excellent location with approximate distances via M40 north: Birmingham 80 miles; Banbury 30 miles and Bicester 14 miles. Via the M40 south: High Wycombe 19 miles and London 50 miles. There is a regular bus service (Arriva Sapphire 280) between Oxford and Aylesbury running up to every 20 minutes from 6am to 11pm.

3 REVERSION There are rent reviews due on the 1st January 2019 in respect of the Shire Barn, Andrew House, the Stables, the Green Barn and the White Lodge. The Green Barn was rebuilt by the current tenant in 2013 and the review due on the 1st January 2019 is to the minimum of 20,000 pa or 50% of the open market value of the building as now constructed. The building is used as a sports hall, classrooms, changing areas and toilets. The rent review allows for educational or office use. We have calculated a floor area of 87.5% of the gross internal area to reflect a standard office fit-out. The White Lodge is the replacement of a formerly residential mobile unit and is permitted under a licence to carry out works. The review due on the 1st January 2019 is to 6,000 pa plus an increase by the same percentage as any increase due on Green Barn at the same review date. The Green Barn and White Lodge break clause. If the tenant operates the break clause on the 13th December 2023 there will be an immediate reversion to the full rental value of both buildings. TENANT COVENANTS Stanley House is let to 4 individuals trading as Medivet, a national veterinary company with fifteen 24 hour centres and 250 satellite practices. The remaining buildings are let to Witherslack Group Ltd, the UK s leading provider of education and care for children with complex learning needs. Their accounts to 31st August 2017 show a profit of 4.4million with net assets of 39.4million. RENTAL EVIDENCE There is a range of rental evidence for offices in the local area from 15 to 22 per sq ft. DESCRIPTION The buildings on the site comprise a listed Oxfordshire barn, single storey former stables block converted into offices, two detached properties built in the 1930s of rendered brickwork construction, a specialist bespoke sports hall building that replaced a former barn and a mobile office unit. Shire Barn - 1,190 sq ft Andrew House sq ft Green Barn - 3,417 sq ft GIA - 2,990 sq ft at 87.5% Stanley House - 1,621 sq ft The Stables sq ft White Lodge - 1,066 sq ft NOTE: All areas net internal except the Green Barn where the GIA and the NIA at 87.5% of the area is given. PLANNING The site is in the Green Belt designated by the local authority. Further information can be obtained from:- South Oxfordshire District Council, 135 Eastern Avenue, Milton Park, Milton, OX14 4SB info@ southoxon.gov.uk

4 TENANCY SCHEDULE Unit Address Tenant Name Com Date Expiry Date Rent Floor per Next Next Comments pa Area sq. ft. 17 per Review Break sq. ft. sq. ft. Date Date Stanley House Levy, Gladstone, 03/12/ /12/ ,000 1, ,554 03/12/2022 Leonard & Carter The Shire Barn Witherslack Group Ltd 17/07/ /07/ ,000 1, ,470 01/01/2019 Andrew House Witherslack Group Ltd 17/07/ /07/ , ,286 01/01/2019 The Stables Witherslack Group Ltd 17/07/ /07/ , ,481 01/01/2019 The Green Barn Witherslack Group Ltd 13/12/ /12/ ,000 2, ,415 01/01/ /12/2023 Rent Review to 50% ERV The White Lodge Witherslack Group Ltd 04/06/ /12/2033 6,000 1, ,625 13/12/2023 Replacement of former mobile unit under Licence For 91,000 9, ,831 Alterations to The Green Barn NB Green Barn Floor area taken at 87.5% of GIA All leases are drawn on a fully repairing and insuring basis although some are subject to a schedule of condition.

5 GALLERY Green Barn Stanley House Shire Barn

6 GALLERY White Lodge The Stables Andrew House

7 FURTHER INFORMATION Should you have any queries or wish to make an inspection please contact:- Paul Chaston Paul Chaston Commercial Property Ltd 195 Banbury Road Oxford OX2 7AR BIRMINGHAM COVENTRY WARWICK NORTHAMPTON J8a Designed and produced by BANBURY VAT OXFORD JUNCTION 8A HIGH WYCOMBE The property has been elected for VAT. All prices quoted are exclusive of VAT where applicable. LONDON Paul Chaston Commercial Property Ltd act for themselves and for the vendors of this property, whose agents they are, give notice that: These particulars do not form part of any offer or contract and should not be relied upon as statements or representatives of fact. Paul Chaston Commercial Property Ltd has no authority to make or give in writing or verbally any representation or warranties in relation to the property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. No assumptions should be made that the property has all necessary planning, building regulation or other consents. Paul Chaston Commercial Property Ltd have not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or otherwise. In the interest of Health & Safety, please ensure that you take due care when inspecting the property. NEWBURY Paul Chaston Commercial Property Ltd is a limited liability partnership registered in England & Wales registered number Registered office 264 Banbury Road, Oxford, OX2 7DY Aug 2018.