Greenshields JCB Unit Securely Let Industrial Ground Rent Investment Opportunity UNIT D, MAXTED ROAD, HEMEL HEMPSTEAD HP2 7DX 1

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1 Greenshields JCB Unit Securely Let Industrial Ground Rent Investment Opportunity UNIT D, MAXTED ROAD, HEMEL HEMPSTEAD HP2 7DX 1

Amazon, Epson, Kodak, Ericsson, Royal Mail, Sir Robert McAlpine, Britvic, Chevron and B.P.

2 Investment Considerations Hemel Hempstead is an affluent town. Hemel Hempstead has excellent road, rail and air transport links and has attracted many substantial businesses which have based their operations in the town including Amazon, Epson, Kodak, Ericsson, Royal Mail, Sir Robert McAlpine, Britvic, Chevron and B.P. Rare Home Counties Industrial Ground Rent investment opportunity on Maylands Business Park. Long term redevelopment potential subject to requisite consents. Secure Rental income : let at 91,500 per annum for over 47 years to Greenshields JCB Group Retirement Benefits Scheme. Price : Offers in excess of 1,900,000 subject to contract to yield 4.53% net approx. 2

X LINK RD UNIT D Sat Nav: HP2 7DX Location Hemel Hempstead is an established South East commercial centre located close to the, approximately 26 miles

HEMEL HEMPSTEAD ST ALBAN S MAYLANDS AVE MA TED RD B OUNDRY WAY WAY BREAKSPEAR WAY M1 A4147 A4147 Hemel Hempstead benefits from excellent road communications,

to the south east. The A41 dual- M1 carriageway which runs to the west of the town provides direct access to the motorway at junction 20.

LOWER ROAD A4251 TOMS LANE N ORBITAL RD N ORBITAL RD There are frequent mainline rail services to London Euston with fastest travel time of approximately 26

Heathrow Airport is located approximately 25 miles to the south of Hemel Hempstead and Luton airport lies 12 miles to the north, both providing excellent

3 X LINK RD UNIT D Sat Nav: HP2 7DX Location Hemel Hempstead is an established South East commercial centre located close to the, approximately 26 miles north-west of Central London, 9 miles north of Watford, 6 miles west of St Albans and 9 miles south of Luton. HEMEL HEMPSTEAD ST ALBAN S MAYLANDS AVE MA TED RD B OUNDRY WAY WAY BREAKSPEAR WAY M1 A4147 A4147 Hemel Hempstead benefits from excellent road communications, being situated approximately one mile west of the M1 motorway at Junction BUNKERS LN BED MOND ROAD A414 8 and four miles north of junction 21 of the motorway to the south east. The A41 dual- M1 carriageway which runs to the west of the town provides direct access to the motorway at junction 20. The motorway facilitates swift vehicular access to the M3, M4, M40 and A1(M) motorways from Hemel Hempstead. LOWER ROAD A4251 TOMS LANE N ORBITAL RD N ORBITAL RD There are frequent mainline rail services to London Euston with fastest travel time of approximately 26 minutes via West Coast Rail Services which also provides direct rail services to Birmingham New Street, Manchester Piccadilly and Glasgow Central stations. Heathrow Airport is located approximately 25 miles to the south of Hemel Hempstead and Luton airport lies 12 miles to the north, both providing excellent international connections. The town has a district population of some 137, 800 and a total catchment of about 211,585 living within 10km (6.5 miles). Site Plan GREENSHIELDS JCB UNIT M5 BIRMINGHAM M4 M40 OXFORD SWINDON M1 READING NORTHAMPTON LUTON HEMEL HEMPSTEAD MILTON KEYNES A1(M) LONDON M11 M3 CRAWLEY 3

Situation Maxted Road extends north-eastwards off Maylands Avenue (A4147) and runs through the heart of the well

mixed use business district today extending to approximately 250 hectares comprising offices, industrial units

The Maylands Business area is situated about 1 mile from Hemel Hempstead town centre and provides employment for

Maylands Business Park is the largest in East England and one of the largest business parks in the UK.

motorway network and rail connections with other principal cities in the Midlands and North of England as well

The Maylands Business Centre has thus attracted a number of major UK and international businesses including

workforce available among the million or more people living within 12 miles of the location.

Way which extends southwards via Green Lane to connect with the A414 Breakspear Way dualcarriageway within half

4 Situation Maxted Road extends north-eastwards off Maylands Avenue (A4147) and runs through the heart of the well established Maylands Business Park which was originally created over 40 years ago and has become a successful mixed use business district today extending to approximately 250 hectares comprising offices, industrial units and estates, warehousing, leisure facilities and hotels. The Maylands Business area is situated about 1 mile from Hemel Hempstead town centre and provides employment for over 20,000 people in over 700 businesses. Maylands Business Park is the largest in East England and one of the largest business parks in the UK. It benefits from having excellent accessibility, strong transportation links both to Central London and via the motorway network and rail connections with other principal cities in the Midlands and North of England as well as having close proximity to Luton and Heathrow airports for international connections. The Maylands Business Centre has thus attracted a number of major UK and international businesses including Amazon, Asos, Next, Britvic, Royal Mail, Sir Robert McAlpine, Chevron and DHL which benefit from the skilled workforce available among the million or more people living within 12 miles of the location. The subject property is situated on the north side of Maxted Road diagonally opposite its junction with Boundary Way which extends southwards via Green Lane to connect with the A414 Breakspear Way dualcarriageway within half a mile of junction 8 of the M1 motorway. Breakspear Way also extends westwards into Hemel Hempstead town centre. Nearby occupiers include Royal Mail, Palmer & Harvey, Honeywell Aerospace, Chevron, Robert Dyas, Theo Paphitis Retail Group, Sir Robert McAlpine, DHL and West Hertfordshire Ambulance Station. 4

Description The property comprises a level rectangular site extending to approximately 1.

The tenant has erected buildings on the site.

Planning The site is understood to benefit from B1, B2 and B8 planning consent and to be

5 Description The property comprises a level rectangular site extending to approximately acres (0.464 hectares) having a broad frontage onto Maxted Road. The tenant has erected buildings on the site. Please refer to Tenancies for more detailed information thereon. Tenure Freehold. Planning The site is understood to benefit from B1, B2 and B8 planning consent and to be zoned for general employment use under the Dacorum Borough Council Local Plan adopted in April EPC An EPC is available to interested parties on request. 5

Tenancies The subject property, comprising the above referred to parcel of land, is demised to The Trustees of the Greenshields JCB (2005) Group Retirement Benefits Scheme for a term of 85

might then reasonably be expected to be let with vacant possession on the open market.

These presently comprise a warehouse/service depot, ancillary accommodation and offices.

6 Tenancies The subject property, comprising the above referred to parcel of land, is demised to The Trustees of the Greenshields JCB (2005) Group Retirement Benefits Scheme for a term of 85 years from the 28th July 1978 to the 11th July 2063 at a current passing ground rent of 91,500 per annum subject to one further rent review in 2039 to the best ground rent at which the land might then reasonably be expected to be let with vacant possession on the open market. The present occupier, Greenshields JCB Group, has constructed single and two storey intercommunicating commercial buildings on the site since the Ground Lease commenced. These presently comprise a warehouse/service depot, ancillary accommodation and offices. The entire property has been sub-let to Greenshields JCB Limited for a 15 year term from 2006 at a current rent of 115,000 per annum. The second floor offices have been sub-underlet. To the rear of the site there is a secure open yard used for vehicle storage and to the sides there are designated car parking areas. The property is primarily utilised as a parts, sales, distribution and servicing depot by JCB. 6

7 Further information Please contact:- VAT The property has been elected for VAT. All figures are exclusive of VAT. Proposal We are seeking offers in excess of 1,900,000 (One Million Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT for the Freehold interest. A purchase at this level would reflect an approximate net initial yield of 4.53% allowing for purchase costs of 6.25% approx. Viewing: By arrangement with the vendor s sole agent. Simon Child Associates Commercial Property Consultants 120 Pall Mall, London SW1Y 5EA t: m: e: sc@simonchildassociates.com Important notice: Simon Child Associates and their client give notice that: 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 statements made in the particulars in this brochure which are believed to be correct but their accuracy cannot be guaranteed and are set out as a general outline. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate and should not be relied on. 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 Simon Child Associates have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. April

PRICE S CANDLES UK DISTRIBUTION CENTRE 16 HUDSON ROAD, ELMS FARM INDUSTRIAL ESTATE, BEDFORD MK41 0LZ

PRICE S CANDLES UK DISTRIBUTION CENTRE 16 HUDSON ROAD, ELMS FARM INDUSTRIAL ESTATE, BEDFORD MK41 0LZ INVESTMENT SUMMARY Well configured industrial warehouse located on one of Bedford s most established