Units 6, 7 & 8, Rexel Court, Newtown Business Park, Franks Way, Poole, BH12 3LN

DESCRIPTION Situated adjoining Newtown Business Park off Ringwood Road to the north of Poole and within minutes of the A35 Wessex Way, newly constructed triple unit with a total area of 4,573 sq ft (425 sq m). Minimum eaves height 5.35m. DETAILS This unit has been adjusted to provide suitable accommodation for a single tenant providing one main loading door with sales/reception situated at the southern end gable elevation. The units are provided with excellent customer and other vehicle car parking (8 spaces), together with loading area. The lease will commence on completion of the building construction, anticpated before August 2007. Rexel Senate have a new 15 year FRI lease incorporating 5 yearly upward only rent reviews. Although the commencing rent is £33,000 pa for the first 2 years, risign to £35,000 pa for years 3, 4 & 5, the vendor will effectively top up the rent to £35,000 pa for the first 2 years. The tenant has been granted an option to terminate the lease at the expiry of the 10th year, subject to 6 months prior notice. The permitted use for the premises under the lease to be B1/B8 with ancillary trade counter. The Tenant ~ An extract from the Dunn & Bradstreet Compact Report shows a rating of 4A 1, a D & B risk indicator of 1, a D & B max credit recommendation of £2 million, a net worth of £16,327,000 and a turnover of £153,846 million. Reported net profit at year end 31.12.06 was £6,327,000 Terms ~ Offers are invited in excess of £650,000 which would show a net initial yield after allowing for purchasers costs at 5.75% of 5.09%. The rent of £35,000 pa equates to a rent of £7.65 per sq ft overall, which already suggests a real potential rental growth within 5 years. A NEW WAREHOUSE UNIT WITH TRADE COUNTER to be completed August 2007 A NEW 15 YEAR FRI LEASE with full commitment for the first 10 years (Tenant: Rexel Senate Ltd) TENANT D & B RATING 4A 1 £35,000 PER ANNUM RENT Offers invited in excess of £650,000