ALD AUTOMOTIVE LTD

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ALD AUTOMOTIVE LTD | EMERSONS GREEN, BRISTOL VAT The property will be elected for VAT. “ The building has been designed to achieve a BREEAM 2014 rating of ‘Very Good’ CAPITAL ALLOWANCES Full capital allowances will be available to the purchaser. CONSTRUCTION WARRANTIES Warranties will be provided by the principle design team, the building contractor, the professional consultants and the main subcontractors involved in the development. E P C It is anticipated that the property will have an EPC rating of B or above. 8
ALD AUTOMOTIVE LTD | EMERSONS GREEN, BRISTOL PROGRAMME PROPOSAL Demolition / Site Preparation: September 2015 Construction Start: November 2015 Offers are sought in excess of £9,426,000 (Nine Million Four Hundred and Twenty-Six Thousand Pounds) subject to contract, on the basis of a forward funding. A purchase at this level reflects a Net Initial Yield of 6.75% from practical completion, assuming purchasers costs of 3.80%. Practical Completion: November 2016 FUNDING STRUCTURE CONTACTS Site Purchase Price: £1.6 million For further information or to arrange an inspection please contact: Interim Drawdowns: £6.603 million (monthly on valuation certificates) Savills: Hartnell Taylor Cook: Balancing Payment: £0.608 million Please note the following deductions are reflected in the appraisal: Jonothan Holmes 020 7409 8826 07870 555 738 jholmes@savills.com Mike Tench 020 7299 3015 07734 456 630 mtench@savills.com Ian Lambert 0117 946 4525 07774 468265 ian.lambert@htc.uk.com Rolled up Interest: £0.301 million (coupon @ 6.75% on land and construction) Rent Free: £0.314 million (6 months rent free PV’d @ 6.75%) A development appraisal is available on request. Andrew Phillips 01179 102354 07972 000 112 adphillips@savills.com THE DEVELOPER Stoford was founded in 1996 and has since grown significantly completing in excess of 10 million sq ft of commercial development throughout the UK across a diverse range of sectors. Their innovative approach to site and contract procurement has ensured they always deliver high quality developments on time and within budget for some of the UK’s largest financial institutions and occupiers including Standard Life, Axa, LaSalle, BlackRock, GE, Npower, and Tesco, together with Government Departments such as HMRC, DSA, DEFRA and The Home Office. Stoford is privately owned, with an experienced team ensuring they always remain highly competitive. Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 9
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