Leisure West

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Leisure West Air Park Way, Feltham, TW13 7LX Tenant’s Covenant Information A summary of the last two years’ accounts and the Dun & Bradstreet ratings are outlined in the table. Company Company No. Year End Turnover Profit/(Loss) Net Worth D&B Rating Gala Leisure (2000) 3458312 25/09/10 - - £4,000 H2 Limited 26/09/09 - - £4,000 Tenpin Limited* 4789703 27/12/09 £58,094,000 (£4,601,000) £8,105,000 3A1 28/12/08 £62,814,000 (£29,243,000) £95,309,000 Cine UK Limited 3005901 30/12/10 £162,620,000 £20,066,000 £32,066,000 4A1 31/12/09 £150,669,000 £18,942,000 £43,101,000 Chiquito Limited 1854767 27/12/09 £64,149,000 £5,812,000 £13,027,000 3A1 28/12/08 £59,935,000 £7,956,000 £8,829,000 City Centre Restaurants 894426 27/12/09 £325,170,000 £32,369,000 £55,327,000 5A1 (UK) Limited 28/12/08 £309,654,000 £36,886,000 £31,097,000 Karali Limited 6308340 31/07/10 £17,607,545 £314,855 (£902,006) N3 31/07/09 £18,698,968 £481,735 (£1,361,701) Pizza Hut (UK) Limited 1072921 29/11/09 £362,549,000 (£12,122,000) £31,470,000 4A1 30/11/08 £358,626,000 (£13,306,000) £4,724,000 National Westminster 929027 31/12/10 - (£2,381,000,000) £14,371,000,000 5A1 Bank Plc 31/12/09 - £1,129,000,000 £13,451,000,000 JC Decaux UK Limited 797437 31/12/10 - £467,000 £24,655,000 4A1 31/12/09 - £1,788,000 £24,188,000 *Tenpin have recently been the subject of a CVA but Feltham will continue to operate under the same name and management team demonstrating the success of Feltham as a leisure destination and the commitment of the tenant to the location. Prime Freehold Leisure Investment
VAT The property is elected for VAT and it is proposed any sale would be way of a TOGC. Service Charge & Insurance The service charge year end is 31st March. The estimated budget for 2012 is £392,550 which equates to £2.90 per sq ft. The insurance is assessed separately and demanded on an individual unit basis. Further information is available on request. Asset Management Potential asset management angles include: • Creation of an additional unit or pod – the layout lends itself to the possibility of adding another unit or providing an extension to the cinema. • Creating external seating for the restaurant operators – negotiations are ongoing with one of the restaurant operators to grant a lease for external seating.
Page 1 and 2: An investment sale on behalf of Lei
Page 4 and 5: Bedford Woodbridge Milton Keynes Ne
Page 6: Leisure West Air Park Way, Feltham,
Page 9 and 10: Accommodation Unit Tenant Area sq m
Page 11: Rental Analysis The rental income i
Page 16: Leisure West Air Park Way, Feltham,

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