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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

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