LCP Proudreed PLC - Irish Stock Exchange
LCP Proudreed PLC - Irish Stock Exchange
LCP Proudreed PLC - Irish Stock Exchange
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Ref<br />
No Property Description & Tenure Terms of Tenants Leases<br />
107 Sunrise Parkway<br />
Linford Wood<br />
MILTON KEYNES<br />
109 Caker Stream Road<br />
Mill Lane<br />
ALTON<br />
2 ‘hi-tech’ units totalling 767 m 2<br />
(8,254 ft 2 ), constructed in the mid<br />
1980s.<br />
Freehold.<br />
7 industrial / warehouse units<br />
totalling 7,456 m 2 (80,259 ft 2 ),<br />
constructed in the 1970s.<br />
Freehold.<br />
Two full repairing and insuring<br />
leases for terms expiring in 2012<br />
subject to 5 yearly reviews.<br />
Six full repairing and insuring leases<br />
for terms expiring between 2013 and<br />
2015 (with tenants break options in<br />
2008, 2009 and 2010) subject to 5<br />
yearly reviews. Two units are vacant.<br />
Current Net<br />
Rents<br />
Receivable –<br />
£pa<br />
Capital<br />
Value as at<br />
15 June 2005<br />
–£<br />
73,000 990,000<br />
293,564 5,435,000<br />
111 Euston Street<br />
LEICESTER<br />
Detached industrial / warehouse<br />
unit totalling 2,136 m 2 (23,000<br />
ft 2 ), constructed in the early<br />
1970s.<br />
Leasehold for a term expiring<br />
2078 at a rent of £10,000p.a.<br />
subject to 5 yearly reviews to<br />
14.925% rental value.<br />
Single full repairing and insuring<br />
lease to British Red Cross Society,<br />
for a term of 10 years from 2004<br />
subject to a rent review and tenants<br />
break option in 2009.<br />
59,500 595,000<br />
121 Howards Chase<br />
Pipps Hill Estate<br />
BASILDON<br />
Detached warehouse unit<br />
totalling 2,774 m 2 (29,867 ft 2 ),<br />
constructed in the 1970s and<br />
refurbished in 2001 to provide a<br />
self storage unit.<br />
Freehold.<br />
Single full repairing and insuring<br />
lease to Safestore Plc, for a term of<br />
25 years from 2001 subject to five<br />
yearly reviews.<br />
180,000 2,600,000<br />
128 North Way<br />
Walworth Industrial Estate<br />
ANDOVER<br />
129 The Hemmells<br />
Fortune Industrial Estate<br />
Laindon<br />
BASILDON<br />
131 Cole Avenue<br />
Central Trading Estate<br />
GLOUCESTER<br />
132 Bilton Road<br />
Phoenix Trading Estate<br />
PERIVALE<br />
136 Parkway Link<br />
Manor Park Industrial<br />
Estate<br />
SHEFFIELD<br />
139 Enterprise City<br />
SPENNYMOOR<br />
143 324-326 Station Road<br />
HARROW<br />
Detached industrial / warehouse<br />
unit totalling 1,050 m 2 (11,309<br />
ft 2 ), constructed in the 1970s.<br />
Leasehold for a term expiring<br />
2105 at a rent of £2,850p.a.<br />
subject to 5 yearly reviews to<br />
5.5% rental value.<br />
2 industrial / warehouse units<br />
totalling 2,800 m 2 (30,140 ft 2 ),<br />
constructed in the 1970s and<br />
substantially refurbished in 2004.<br />
Freehold.<br />
8 industrial / warehouse units<br />
totalling 5,331 m 2 (57,372 ft 2 ),<br />
constructed in the 1980s.<br />
Freehold.<br />
5 industrial / warehouse units<br />
totalling 3,362 m 2 (36,192 ft 2 ),<br />
constructed in the mid 1980s.<br />
Freehold.<br />
9 industrial / warehouse units<br />
totalling 5,191 m 2 (55,881 ft 2 ),<br />
constructed in the 1970s..<br />
Leasehold for a term expiring<br />
2079 at a fixed rent of £25 p.a.<br />
Industrial estate comprising 48<br />
industrial / warehouse units and a<br />
two-storey office block in<br />
aggregate totalling 28,365 m 2<br />
(305,329 ft 2 ), constructed in 1960<br />
and substantially refurbished in<br />
1989.<br />
Freehold.<br />
5 retail units with two floors of<br />
offices over, totalling 1,380 m 2<br />
(14,860 ft 2 ), believed to have<br />
been constructed in the 1950s.<br />
Freehold.<br />
Single full repairing and insuring<br />
lease to BAE Systems Electronic<br />
Ltd, for a term expiring in October<br />
2005.<br />
Two full repairing and insuring<br />
leases to Boiling Investments Ltd<br />
and Barnardos for terms expiring in<br />
2014 and 2019 subject to 5 yearly<br />
reviews. Both units have tenants<br />
options to break in 2009.<br />
Eight full repairing and insuring<br />
leases for terms expiring between<br />
2006 and 2017 subject to 5 yearly<br />
reviews. Six of the leases have<br />
tenant’s break options between 2007<br />
and 2011.<br />
Four full repairing and insuring<br />
leases for terms expiring between<br />
2010 and 2013 subject to 5 yearly<br />
reviews. Two of the leases have<br />
tenant’s break options in 2008. One<br />
unit totalling 535 m 2 (5,765 ft 2 ), has<br />
been sold on a long lease.<br />
Six full repairing and insuring leases<br />
for terms expiring between 2006 and<br />
2012 subject to 5 yearly reviews. Two<br />
of the leases have tenant’s break<br />
options in 2005 and 2008. One unit<br />
is vacant.<br />
43 full repairing and insuring leases<br />
for terms expiring between 2005 and<br />
2015 subject to 5 yearly reviews. 29<br />
of the leases have tenant’s break<br />
options between 2005 and 2012. One<br />
unit, totalling 443 m 2 (4,775 ft 2 ), has<br />
been sold on a long lease. Five units<br />
are vacant.<br />
Six full repairing and insuring leases<br />
for terms expiring between 2008 and<br />
2013 subject to 5 yearly reviews.<br />
One of the leases has a tenant’s<br />
break option in 2008.<br />
52,150 500,000<br />
180,857 2,440,000<br />
260,351 3,800,000<br />
199,100 2,880,000<br />
194,030 2,590,000<br />
667,850 7,100,000<br />
292,875 3,980,000<br />
101