London Road Staines-Upon-Thames, TW18 4JQ Freehold Plant and Tool Hire Depot let to 5A1 Covenant on 1.3 acre site fronting the A30

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1 London Road Staines-Upon-Thames, TW18 4JQ Freehold Plant and Tool Hire Depot let to 5A1 Covenant on 1.3 acre site fronting the A30

2 Investment Summary 2, sq.m. (28,510 sq.ft.) tool and plant hire depot situated on A30 dual carriageway in Staines-Upon-Thames Close to town centre, M25 and Heathrow Airport 1.3 acre site with m (146 ft) frontage to A30 Let to Ashtead Plant Hire Company Limited trading as A-Plant for further 3 years at 211,070 per annum ( 7.40 psf) Annual upward only reviews linked to RPI capped and collared at 2% and 3% Ashtead Plant Hire Company Limited has a 5A1 Dun & Bradstreet rating and is wholly owned subsidiary of Ashtead Group Plc a FTSE 100 company Freehold Opportunity to refurbish or redevelop the site for a variety of uses subject to planning with a number of active requirements from trade counter, self-storage, drive-thru restaurants, supermarkets and distribution /industrial occupiers We are instructed to seek offers in excess of 2,850,000 (two million eight hundred and fifty thousand pounds), subject to contract and exclusive of VAT reflecting a net initial yield of 7% after allowing for purchaser s costs of 5.8%

3 Location Staines-Upon-Thames is a highly successful commercial centre situated approximately 23 miles west of Central London benefitting from exceptional road, rail and air communications. M25 (Junction 13) - 1 mile north-west M4 (Junction 4B) - 4 miles north M3 (Junction 2) 3 miles south M40 (Junction 1A) 9 miles north 5 trains per hour to London Waterloo with a fastest journey time of 32 minutes London Heathrow, Europe s busiest airport and the third busiest airport in the world 5 miles north. Gatwick Airport 35 miles south east This combination of exceptional connectivity, proximity to Heathrow, a highly skilled workforce and affluent residential hinterland has attracted a number of major occupiers including Bupa, Centrica, JP Kenny, Ricoh, Fujitsu, Gartner and Future Electronics. A329 A30 M4 TO SLOUGH A308 A328 EGHAM M3 TO M40 / M1 A312 M25 M4 COLNBROOK STAINES BY PASS A3044 A308 A320 TO M23 BATH ROAD HEATHROW STAINES ROAD WEST STAINES ROAD A30 M25 A244 STAINES-UPON-THAMES SUNBURY M3 A3050 A4 A308 GREAT WEST ROAD ISLEWORTH A316 A313 A309 A4020 M4 A406 KEW A307 A240 A3 A306 A4 The future expansion of Heathrow airport, as recommended by the Davies Commission, if implemented will be a further significant boost to the area with over 75,000 additional jobs to be created in London and the South East alone following the airport expansion. The commission reported that: Overall, the analysis suggests that the strongest benefits for the UK economy are likely to come from focusing capacity where demand is strongest: be that from freight users, leisure passengers, business travellers or the international transfer passengers needed to support a dense long-haul network. In each case, the highest levels of demand are seen at Heathrow. Airports Commission, Final Report (2015)

4 Situation The property is in a highly prominent location with a 44.49m (146 ft) frontage to the busy A30 (London Road) dual carriageway close to the Crooked Billet roundabout. The A30 is a main arterial route providing direct access to Staines-Upon-Thames town centre and junction 13 of the M25 to the west and Heathrow Airport and the A4/M4 to the east. The property is in an established commercial location with nearby developments including the Trust Ford and Now Vauxhall car dealerships, a modern Safestore self-storage facilty, as well as a number of trade counter, office and distribution developments.

5 London Road Staines-Upon-Thames, TW18 4JQ Freehold Plant and Tool Hire Depot let to 5A1 Covenant on 1.3 acre site fronting the A Viewpoint 02 Trust Ford 03 Now Vauxhall 04 Apex W ilts Electrical Wholesalers 06 Safestore London Road 08 Ashford Heating Supplies

6 Description The property comprises a plant and tool hire depot of 2, sq.m. (28,510 sq.ft.) on a site of 1.3 acres. The original building was constructed in the 1960 s and comprises a two storey brick-built office with a steel portal frame warehouse with an 8.15 m (26ft 9ins) eaves height to the rear. Further additions to the rear of the building were added in the 1970 s including a two storey warehouse and canteen block and a single storey warehouse with a 5.00 m (16ft 5ins) eaves height. Accommodation Original 1960 s Office and Warehouse Sq.M. Sq.Ft. Ground Office ,661 First Office ,778 Ground Warehouse 1, ,491 First Office , , 's Extension Ground Warehouse ,426 First Canteen , ,757 Total 2, ,510

7 Tenure Freehold Tenancy The property is let to Ashtead Plant Hire Company Limited on a full repairing and insuring lease for a term of 10 years from 2nd October 2008 at a current rent of 211,070 per annum. The rent is subject to annual RPI linked increases capped and collared at 2% and 3%. The next review is effective from 2nd October 2016 Covenant Ashtead Plant Hire Company Limited, trading as A-Plant, is one of the UK s largest plant, tool and equipment hire companies. It is a wholly owned subsidiary of Ashtead Group Plc a FTSE 100 company with a market capitalisation of approximately 5bn. A-Plant has over 135 plant hire service centres nationwide employing more than 2,700 people. It has a Dun & Bradstreet rating of 5A1 representing a minimum risk of business failure. Financial highlights for the last 3 audited years are as follows: Ashtead Plant Hire Company Limited Year Ending 30th April 2014 (000 s) Year Ending 30th April 2013 (000 s) Year Ending 30th April 2012 (000 s) Turnover 243, , ,858 Pre-tax Profit 11,538 5,202 1,534 Tangible Net Worth 107, , ,596 Further information is available at A-Plant or Ashstead Group Plc VAT The property is not elected for VAT. EPC The property has an energy performance rating of G

8 A30 STAINES BY PASS to m25 A3044 TO STAINES-UPON-THAMES CROOKED BILLET ROUNDABOUT A30 LONDON ROAD A308 STAINES BY PASS To Heathrow and Central London Proposal We are instructed to seek offers in excess of: 2,850,000 (two million eight hundred and fifty thousand pounds), subject to contract and exclusive of VAT reflecting a net initial yield of 7% after allowing for purchaser s costs of 5.8% There is an opportunity to refurbish or redevelop the site for a variety of uses subject to planning with a number of active requirements from trade counter, self-storage, drive-thru restaurants, supermarkets and distribution/industrial occupiers. Further Information For further information or to arrange an inspection then please contact either: Lawrence Gluckstein Neil Edwards Direct Line: Direct Line: lg@johnmilesco.com neil@johnmilesco.com Misrepresentation Act: Messrs John Miles & Company (Investments Surveyors) Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that (i) the particulars are set out as a general outline for the guidance of the intending purchasers and do not constitute part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of John Miles & Company (Investment Surveyors) Ltd has any authority to make or give any representation or warranty whatever in relation to this property. October Chartered Surveyors 76 New Bond Street London W1S 1RX