camden

Commercial Investment

There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

33 OVAL ROAD, CAMDEN

LONDON, NW1 7EA

SECURED OFFICE INVESTMENT

Offers in the region of £8,025,000 (Eight Million and Twenty

Five Thousand Pounds) for the long leasehold interest which equates to an attractive net

initial yield of 7.00% after purchaser’s costs of 5.75%.

Description

The subject property comprises a single floor plate totalling a NIA of 16,500 sq ft on the ground floor of a newly constructed development comprising luxury 1,2,3 bed apartments and penthouses known as The Lockhouse.

The subject property benefits from the following amenities:-

Open plan offices

6 underground car spaces

Air Conditioning

Superb natural light & canal side views

Fully accessed raised Floors

Investment Summary

• Greater London Multi-let Office Investment Opportunity.

• Substantially refurbished in 2006/7.

• 60,047 sq ft office building providing flexible accommodation arranged in 3 wings over ground and 6 upper floors.

• Car parking ratio of 1:362 sq ft.

• Let to a range of tenants including the Prudential and Barclays Bank.

• Current rent passing of £1,052,163 per annum reflecting a low average base rent of £17.34 per sq ft.

• Seeking offers in excess of £8,000,000 (Eight Million Pounds), subject to contract and exclusive of VAT.

• Attractive Net Initial Yield of 12.44%.

• Low capital value £141 per sq ft.

Location

The subject property is well located on the western side of Oval Road opposite the junction with JamestownRoad and alongside the bank of the Regent’s Canal.

The area benefits from good road rail and tube links into Central London.

The nearest tube Stations are Camden Town and Chalk Farmand Mornington Crescent (Northern Line Zone 2).

In addition to which the mainline stations of Euston together with Kings Cross St Pancras are close by providing access to the national and international rail links via the new Eurostar Terminal at Kings Cross.

Numerous Bus routes also operate along Camden road and Jamestown Road running in and out of Central London The property is also a pleasant 2 minutes walk from Regents Park.

Tenancy

The entire ground floor is let to Hat Trick Holdings Limited for a term of 20 years from 10th July

2008 at a passing rent of £594,000 per annum on effective full repairing and insuring terms

subject to five yearly upwards only rent reviews to Open Market Rental Value.The rent reflects

£35 psf plus £2,750 per parking space.

The subject property comprises a single floor plate totalling a NIA of 16,500 sq ft on the ground floor of a newly constructed developmentcomprising luxury 1,2,3 bed apartments and penthouses known as The Lockhouse.

The subject property benefits from the following amenities:-

Open plan offices

6 underground car spaces

Air Conditioning

Superb natural light & canal side views

Fully accessed raised Floors

Year End 30 June 2008 2007 2006

Hat Trick Holdings Ltd Company Registration No.04789044

Turnover £21,231,615 £24,262,241 £23,260,158

Pre Tax Profit £9,005,383 £1,098,656 £129,789

Shareholders Funds £10,790,008 £2,003,690 £1,660,015