LCP Proudreed PLC - Irish Stock Exchange
LCP Proudreed PLC - Irish Stock Exchange
LCP Proudreed PLC - Irish Stock Exchange
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APPENDIX 1<br />
Ref<br />
No Property Description & Tenure Terms of Tenants Leases<br />
29 Churchill Shopping Centre<br />
DUDLEY<br />
31 Sealand Road<br />
CHESTER<br />
Town centre retail scheme,<br />
constructed in three phases<br />
during the 1960s, with a<br />
department store built in the<br />
early 1980s, substantially<br />
refurbished in 1993, totalling<br />
19,842 m 2 (213,587 ft 2 )) in 59<br />
units.<br />
Freehold.<br />
Two industrial / warehouse units<br />
totalling 1,857 m 2 (19,992 ft 2 ),<br />
constructed in the early 1990s,<br />
together with a site of 0.77ha (1.9<br />
acres).<br />
Freehold.<br />
Forty seven full repairing and<br />
insuring leases for terms expiring<br />
between 2005 and 2020 subject to 5<br />
yearly reviews. Nine of the leases<br />
have a tenant’s break option. Two of<br />
the larger stores are let to James<br />
Beattie Ltd and Kwik Save on leases<br />
expiring in 2066 and 2080<br />
respectively subject to 33 and 5<br />
yearly reviews. There is also<br />
additional income from various kiosk<br />
licences. Ten units are vacant.<br />
Three full repairing and insuring<br />
leases for terms expiring between<br />
2014 and 2017 subject to five yearly<br />
reviews. One of the leases has a<br />
tenant’s break option in 2011.<br />
Current Net<br />
Rents<br />
Receivable –<br />
£pa<br />
Capital<br />
Value as at<br />
15 June 2005<br />
–£<br />
948,675 12,560,000<br />
115,000 1,500,000<br />
32 Old Hall Estate<br />
BROMBOROUGH<br />
25 industrial / warehouse units<br />
totalling 10,226 m 2 (110,078 ft 2 ),<br />
partly constructed in the 1950s<br />
and partly in the 1980s.<br />
Freehold.<br />
Fourteen full repairing and insuring<br />
leases for terms expiring between<br />
2005 and 2018 subject to 3,4 or 5<br />
yearly reviews. One of the leases has<br />
a tenant’s break option in 2008.<br />
Three of the units are vacant.<br />
Twelve full repairing and insuring<br />
leases for terms expiring between<br />
2006 and 2025 subject to 5 yearly<br />
reviews. Three of the leases have a<br />
tenant’s break option. Seven of the<br />
units, totalling 3,468 m 2 (37,335 ft 2 ),<br />
have been sold on long leases.<br />
321,452 3,950,000<br />
33 King Edward Estate<br />
LIVERPOOL<br />
20 industrial / warehouse units<br />
totalling 8,185 m 2 (88,113 ft 2 ),<br />
constructed in the 1980s.<br />
Freehold.<br />
216,536 2,925,000<br />
34 Sandon Industrial Estate<br />
LIVERPOOL<br />
21 industrial / warehouse units<br />
totalling 7,512 m 2 (80,864 ft 2 ),<br />
constructed in the 1980s.<br />
Freehold.<br />
Sixteen full repairing and insuring<br />
leases for terms expiring between<br />
2005 and 2021 subject to 3,4 or 5<br />
yearly reviews. Three of the leases<br />
have a tenant’s break option. Three<br />
of the units, totalling 1,711 m 2<br />
(18,420 ft 2 ), have been sold on long<br />
leases.<br />
Fourteen full repairing and insuring<br />
leases for terms expiring between<br />
2006 and 2016 subject to 3 or 5<br />
yearly reviews. Two of the leases<br />
have a tenant’s break option. One of<br />
the units, totalling 325 m 2 (3,495 ft 2 ),<br />
has been sold on a long lease.<br />
205,897 3,050,000<br />
35 Erskine Industrial Estate<br />
LIVERPOOL<br />
16 industrial / warehouse units<br />
totalling 7,154 m 2 (77,005 ft 2 ),<br />
constructed in the 1990s.<br />
Freehold.<br />
335,920 4,150,000<br />
36 Grain Industrial Estate<br />
LIVERPOOL<br />
11 industrial / warehouse units<br />
totalling 4,517 m 2 (48,622 ft 2 ),<br />
constructed in the 1980s.<br />
Freehold.<br />
Five full repairing and insuring<br />
leases for terms expiring between<br />
2010 and 2020 subject to 5 yearly<br />
reviews. All of the leases have a<br />
tenant’s break option between 2006<br />
and 2015.<br />
Thirteen full repairing and insuring<br />
leases for terms expiring between<br />
2007 and 2027 subject to 5 yearly<br />
reviews. Three of the leases have a<br />
tenant’s break option in 2006 or<br />
2008. One of the units is let for a<br />
term expiring 2076, subject to 20<br />
yearly reviews. One unit is vacant.<br />
104,110 1,100,000<br />
38 Shaw Lane Industrial<br />
Estate<br />
DONCASTER<br />
14 industrial / warehouse units<br />
totalling 14,100 m 2 (158,236 ft 2 ),<br />
constructed in the 1970s and<br />
1980s.<br />
Freehold.<br />
538,387 6,695,000<br />
41 Hardshaw Centre<br />
ST HELENS<br />
Town centre retail scheme of 16<br />
retail units, four stores and three<br />
kiosks constructed in 1982,<br />
totalling 10,103 m 2 (108,750 ft 2 ),<br />
together with rooftop car<br />
parking.<br />
Leasehold for a term expiring<br />
2106 at a ground rent of<br />
£293,000, geared to 18.5% net<br />
rents receivable, calculated on a<br />
quarterly basis.<br />
Twenty four full repairing and<br />
insuring leases for terms expiring<br />
between 2005 and 2031 subject to 5<br />
yearly reviews. There is also<br />
additional income from various mall<br />
barrow licences.<br />
1,323,640 17,730,000<br />
99