For Sale. Freehold/ Long Leasehold Roadside Investment: Europcar Rental Station Oxford Street Swansea, SA1 3NT

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1 For Sale ON BEHALF OF B P LOVELL AND R J GOODE; JOINT FIXED CHARGE RECEIVERS Oxford Street Swansea, SA1 3NT Freehold/ Long Leasehold Roadside Investment: Europcar Rental Station

2 Highlights Freehold/999 year leasehold Rental income 26,000 pax Europcar lease until 2021 Site area hectares (0.306 acres) 3,182 sq ft Opportunity for potential redevelopment at lease expiry STP Offers invited Subject to contract Investment Summary Freehold/999 year leasehold. Let on FRI terms to Vanguard Rental (UK) Limited [Europcar Group UK Limited]. Lease term expiring 12 June 2021 (3 years unexpired). Current passing rent of 26,000 per annum exclusive. Location Swansea, the second largest city in Wales, is an attractive and lively city on the south coast of Wales, 40 miles (64 km) west of Cardiff. Excellent transport links via M4 motorway and mainline rail service to Bristol and London Paddington. Property is situated on Oxford Street in a secondary location to the west of the prime shopping area within a mix of retail and residential uses. Further information available at THE PROPERTY Europcar Rental Station Oxford Street, Swansea, SA1 3NT

3 Description THE PROPERTY T he property comprises a vehicle rental station currently occupied by Europcar with parking for 31 vehicles. There are two main buildings on the site. P urpose built office and reception and workshop with the benefit of 31 vehicle parking spaces. Site area of acres (0.124 hectares). T here is also a lightweight timber/corrugated plastic sheet lean-to wash bay. THE PROPERTY gva.co.uk/14381 Europcar Rental Station Oxford Street, Swansea, SA1 3NT > >

4 Schedule of Accommodation DESCRIPTION AREA (SQ M) AREA (SQ FT) Office ,000 Workshop ,182 Total ,182 Site area hectares acre Parking 31 vehicle spaces Tenure The property is held part freehold and part 999 year leasehold. Land Registry Titles entries and plans are available for download at Let in its entirety to Europcar Group UK Limited on a Full Repairing & Insuring lease from 13 June 2006, expiring 12 June The current rent is 26,000 per annum exclusive. Tenant Covenant The property benefits from a lease vested in Europcar Group UK Limited. Europcar has a Creditsafe rating of 75/100 which represents a very low risk. YEAR TO DATE TURNOVER PRE TAX PROFIT EUROPCAR GROUP UK LIMITED 31/12/ ,379,000 13,186,000 31/12/ ,567,000 25,224,000 31/12/ ,251,000 21,131, Europcar Rental Station Oxford Street, Swansea, SA1 3NT

5 Planning We assume the property has planning permission for its current use as a vehicle rental station and workshop premises. Prospective purchasers are advised to make their own planning enquiries of Swansea Council. Rateable Value We understand the property is assessed for rating purposes in the 2017 list as: Vehicle repair workshop and premises with a rateable value of 11,946. Prospective purchasers should make their own enquiries of Swansea Council into the actual uniform business rates liability. Energy Performance Certificate Available upon request. Proposal Offers invited for the freehold/long leasehold interest. Guide price on application. VAT We are informed by HMRC that there is an option to tax in place in respect of the property. In principle, the sale can be done as a TOGC Europcar Rental Station Oxford Street, Swansea, SA1 3NT

6 For further information, please contact: Andrew Capes T M E andrew.capes@gva.co.uk Louis Maxwell T M E louis.maxwell@gva.co.uk Property ref: Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle GVA St Catherine s Court, Berkeley Place, Bristol, BS8 1BQ GVA is the trading name of GVA Grimley Limited GVA Particulars dated July 2018 GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is) in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise. Europcar Rental Station Oxford Street, Swansea, SA1 3NT (3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.

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