LCP Proudreed PLC - Irish Stock Exchange

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No Property Description & Tenure Terms of Tenants Leases
567 Kingsfield Business Park
Gladstone Road
NORTHAMPTON
3 industrial / warehouse units
totalling 7,332 m 2 (78,925 ft 2 ),
constructed in the 1950s and
1998.
Part freehold and part (unit 2)
leasehold for a term expiring
2055 at £25p.a. subject to 14
yearly fixed uplifts.
3 full repairing and insuring leases
expiring between 2009 and 2014
subject to 5 yearly reviews. Two of
the leases have tenants break
options in 2006 and 2007.
Current Net
Rents
Receivable –
£pa
Capital
Value as at
15 June 2005
–£
297,975 3,900,000
568 Avon Riverside Industrial
Estate
AVONMOUTH
11 industrial / warehouse units
totalling 6,949 m 2 (74,800 ft 2 ),
constructed in 1980.
Leasehold for a term expiring
2116 at £44,000 p.a. reviewable to
15% open market rental value.
11 full repairing and insuring leases
expiring between 2007 and 2014
subject to 5 yearly reviews. Two of
the leases have tenants break
options in 2007 and 2009.
317,368 3,660,000
569 New Street
CHELMSFORD
A self contained industrial /
warehouse unit totalling 7,340 m 2
(79,006 ft 2 ), constructed in 1970
and extended in the 1980s.
Leasehold for a term expiring
2078 at £112,500 p.a. subject to 5
yearly reviews to 25% rental
value.
Single full repairing and insuring
lease to Kay-Metzeler Limited, for a
term of 15 years from 2002 subject
to five yearly reviews.
259,000 3,230,000
570 Southern Cross Trading
Estate
BOGNOR REGIS
571 West Point
Larkfield
MAIDSTONE
574 Arcadian Centre
Hurst Street
BIRMINGHAM
3 industrial / warehouse units
totalling 3,643 m 2 (39,210 ft 2 ),
constructed in the late 1970s.
Freehold.
5 industrial / warehouse units
totalling 7,461 m 2 (80,315 ft 2 ),
constructed in the mid 1990s and
2003.
Freehold.
A mixed retail, commercial,
leisure and residential complex
totalling 10,938 m 2 (117,744 ft 2 ),
together with a former cinema,
hotel and multi-storey car park,
constructed in the 1980s.
Freehold.
Three full repairing and insuring
leases to John Wiley & Sons
Limited, for a term expiring in 2012
subject to tenants break options and
rent reviews in 2007.
5 full repairing and insuring leases
expiring in 2016 and 2018 subject to
5 yearly reviews. Four of the leases
have tenants break options in 2009
and 2013.
45 full repairing and insuring leases
for terms expiring in 2005 and 2034
mainly subject to 5 yearly reviews; 2
ground leases expiring in 2113; and a
management agreement in respect of
the car park. 11 of the leases have
tenant’s options to break between
2005 and 2011.
212,600 2,350,000
486,740 7,195,000
(following
expiry of
rentfree
period at 31 st
August 2005)
2,042,577 27,740,000
575 Pimbo Industrial Estate
SKELMERSDALE
3 industrial / warehouse units
totalling 10,486 m 2 (112,874 ft 2 ),
constructed in the late 1970s with
an extension in 1989.
Leasehold for a term expiring in
2996 at a peppercorn rent.
3 full repairing and insuring leases
expiring between 2007 and 2014
subject to 5 yearly reviews. One of
the leases has a tenants break option
in 2006.
265,900 2,600,000
576 Progress Way
Binley Industrial Estate
COVENTRY
A self contained industrial /
warehouse unit totalling 4,906 m 2
(52,806 ft 2 ), constructed in the
1970s
Freehold.
Single full repairing and
tenant-insuring lease to Solaglas
Limited, for a term expiring in 2013
subject to five yearly reviews.
195,000 2,460,000
577 Hungerford Trading Estate
HUNGERFORD
5 industrial / warehouse units
totalling 3,877 m 2 (41,731 ft 2 ),
constructed in the late 1970s and
refurbished and subdivided in the
mid 1990s.
Freehold
4 full repairing and insuring leases
expiring between 2007 and 2011
subject to 5 yearly reviews. One of
the leases has a tenants break option
in 2007.
238,800 3,120,000
578 54/60 Clifton Street &
35/39 Abingdon Street
BLACKPOOL
2 retail units with office
accommodation over, understood
to have been built about 1900,
totalling 651 m 2 (7,008 ft 2 ).
Freehold.
3 full repairing and insuring leases
expiring between 2004 and 2017
subject to 5 yearly reviews.
59,300 815,000
579 93 Old Christchurch Road
BOURNEMOUTH
Retail unit with ancillary office
and residential accommodation
over, totalling 381 m 2 (4,104 ft 2 ),
originally constructed in the
1900s.
Freehold.
1 full repairing and insuring lease for
a term expiring in 2017 subject to
five yearly reviews; 3 groundleases
for terms expiring 2101 subject to
ten yearly fixed increases.
50,375 855,000
107