1

123 FOUNTAINBRIDGEWest Tollcross, Edinburgh EH3 9QG

Prime Student Accommodation Investment

2

1

2

3 45

Key

1. Napier University Halls, Riego Street

2. Edinburgh University Evolution House

3. Edinburgh University ECA Main Building

4. Edinburgh University Hunter Building

5. Edinburgh University Edinburgh Dental Institute

3

The Opportunityn Fully refurbished purpose built student accommodation

property extending over 4 blocks in 57 cluster flats comprising 331 well specified bedrooms.

n Bounded by Fountainbridge to the north and West Tollcross to the south, the property is centrally located providing excellent access to all the city’s further education establishments.

n The property is fully let for 2013/14 and represents an exceptional opportunity to acquire a trading investment in Scotland’s capital and a super-prime UK city which has an international reputation.

n The asset currently attracts students from all the Edinburgh Universities and has agreements in place with the University of Edinburgh on some of the bed spaces for 2013/14. Terms have been agreed with the University of Edinburgh under a nominations agreement to take 90 beds for 2014/15.

n Demand for student accommodation significantly outweighs supply in the city.

n The unique Edinburgh Festivals offer an established source of summer and seasonal income.

n The projected gross income for period 2013/14 is £2,152,103. This includes projected gross summer income of £300,000 for 2014 (£296,407 achieved in 2013).

n Savills are instructed to seek offers in excess of £23,500,000 (Twenty Three Million Five Hundred Thousand Pounds) for the heritable interest in the property which reflects a net initial yield of 6.46% on the student accommodation, assuming purchaser’s costs of 5.80%.

4

MarchmontBruntsfield

Sciennes

Lauriston

Fountainbridge

Newington

St Leonards

Greenside

Calton

Pilrig

Broughton

Canonmills

Stockbridge

ComelyBank

DeanVillage

Tollcross

Southside

The Exchange

Leith

West End

East End

R I

d

PRINCESS STREET

GRASSMARKET

COWGATE

COWGATE

PRINCESS STREET

MARKET STREET

HIGH STREET (ROYAL MILE)

THE MO

UND

NO

RTH

BR

IDG

E

GEO

RGE IV BRIDG

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LOTH

IAN

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AD

CANONGATE (ROYAL MILE)

SOUTH BRIDGE

CHAMBERS ST

MELVILLE DRIVE

MELVILLE DRIVE

FOR

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WEST PORT

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CHAPEL STREETBUCCLEUCH

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THE PLEA

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HOLYROOD ROAD

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TON RO

AD

CALTON ROADNEW

STREETEAST MARKET ST ER ET

CASTE TERRACE

KINGS STABLES RD

SPIT

TAL S

TREE

T

JOHNSTON TERRACE

WAVERLEY BRIDG

E

SHANDWICK PLACE

WEST MAITLAND ST

MORR SI ON S RT EET

WEST APPROACH ROAD

HAYMARKET TERRACE

DALRY R

OAD

QUEENSFERRY ST

QUEEN STREETHERIOT ROW

GEORGE STREET

GEORGE STREETALBYN PLACE

QUEEN STREET

LEITH

ST

YORK PLACE

LONDON ROADLONDON ROAD

ELM

ROW

DUNDAS STR

EET

DUNDO

NA

LD ST

HOW

E STREET

INDIA STREET

ABERCROMBY PLACE

GREAT KING STREET

FETTES ROW

HENDERSON ROW

CIRCUS PLACE

CIRCUS LANE

HAM

ILTO

N PL

ACE

DEANHAUGH ST

RAEBURN PLACECOMELY BANK ROAD

CREWE ROAD SOUTH

ORCHARD BRAE

DEAN PARK C

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GLENOGLE ROAD

TH TERRACE

ARBO

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AVE EYRE PLACE

BRAND

ON

ST

INVERLEITH ROW

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PE ST

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DRUMMOND PLACE

EAST LONDON STREET

BROUGHTON STREET

LEITH

WALK

ROYAL TERRACE

ANNADALE STREET

LEIT

H WALK

MCDONALD ROAD

BRUNSWICK ROAD

MONTGOMERY STREET

ALBERT STREET

IONA STREET

EAST

ER R

OA

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EAST

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BROU

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BELLVUE

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COM

ELY BANK AVENUE

QUEENSFERRY ROAD

BELFORD ROAD

DRUMSHEUGH GARDENS

MELVILLE STREET

DOUGLAS GARDENS

SOUTH

CHARLO

TTE ST

CASTLE STREET

DUNDEE STREET

EARL GREY ST

LOCHRIN PLW. TOLL

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BRUNTSFIEL

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LEAMINGTON TERRACE WHITEHO

USE LOAN

WARRENDER PARK CRESCENT

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SCIE NN ES ROAD

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GRANGE ROAD

SUMM

ERHALL PLACE

SALISBURY ROAD

HOLY

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PAR

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QUEENS DRIVE

QUE

ENS

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QUEENS DRIVE

ABBE

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WEST MA

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FOUNTAINBRIDGE

Inverleith

LocationEdinburgh is a capital city of global recognition, both from an investment and education perspective. It is the 7th largest city in the UK, with a 2010 population of 486,120 boasting the strongest economy of any city in the UK outside of London and is one of the fastest growing cities in Europe. It is also one of the largest student markets outside of London with four established universities and approximately 47,000 full-time students.

Edinburgh is a UNESCO World Heritage City, internationally renowned for it’s historical buildings and it’s vibrant cultural environment, including its status as UNESCOs first World City of Literature. Its reputation attracts students from all over the world who can capitalise on the wealth of arts, literature, music and sport available in addition to world-class academic institutions .

There are 23 major festivals held throughout the year in Edinburgh with c.5 million attendees. The largest of these is the Edinburgh Festival Fringe which attracts an estimated 2.6 million attendees in July and August. Other festivals and events such as the Royal Edinburgh Military Tattoo, Edinburgh International Festival and Edinburgh International Book Festival and the Royal Highland Show bring additional visitors both from the UK and internationally. The summer festivals attract up to 4 million visitors annually so summer occupancy is notably high across the city with rents often at a premium. Demand for bedrooms is strengthened by the city’s strong language school market operating primarily during July and August.

Situated on the east of Scotland, Edinburgh sits on the main East Coast railway line, with direct connections to London and access to the wider UK rail network. The fastest journey time to London Kings Cross from Edinburgh Waverley is 4 hours and 21 minutes.

In addition, Edinburgh International Airport is 25 minutes from central Edinburgh offering direct flights to destinations including London, New York, Paris, Madrid, Berlin, Amsterdam and Zurich. There have been several new routes announced recently and from Spring 2014 direct flights will be available to Chicago and Philadelphia among others. Qatar Airlines have announced a direct service to Doha with onward connections to destinations in Australia and the Far East.

Not to Scale - For Identification Purposes Only.

5 W

ard Bdy

71.6m

Fountainbridge Square

Lochrin Square

Uni

on P

ath

Gilmore Bank

WEST

WEST TOLLCROSS

N

FOUNTAINBRIDGE

PONTON STRE

Lochrin Basin

Lochrin

Chalmers Buildings

41

117

Tollcross

Nursery S

chool

3

88

18

4

123

2

103 to 115

119

3

2

Primary School

16

6

7

20

1

97 to 101

125

4

117

1

Quayside House

5

21

to 3

129

4

1715

ESS

1

19

92

Lochrin

94

0m 10m 20m 30m

Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

SituationThe scheme is situated to the south west of the city centre, in an area that has seen significant regeneration in the past decade to offer a strong mix of uses, including office, residential and retail. The property is bounded by Fountainbridge to the north and West Tollcross to the south and east with existing buildings to the west. A substantial number of shops, restaurants and pubs are within easy reach of the site and Edinburgh’s prime shopping area at Princes St is only a 10 minute walk. The historic old town is 5 minutes from the property and offers many student focused bars and clubs, as well as boutique shopping and several tourist attractions.

The scheme has easy access to Haymarket railway station, which is a 10 minute walk and offers direct trains to destinations across the UK, including Glasgow, Aberdeen, Newcastle, Manchester, Birmingham and London. Students of Queen Margaret University to the east of Edinburgh, can travel to the campus by train in as little as 12 minutes. The city’s new central tram network, which is due to open in May 2014, can also be accessed at Haymarket. The convenient town centre location of the property, combined with the excellent public transport links offered give superb access to all of the primary higher education institutions in Edinburgh and this is demonstrated by the range of establishments the students currently choosing to live in this development are studying at.

The property was acquired by the current Vendor in July 2010 and substantially refurbished to its current standard. The refurbishment included a significant overhaul of the scheme and an increased number of bedrooms from 279 to 331 bed spaces. The building comprises ground and four upper floors of purpose built student accommodation across four blocks of varying heights. There are 57 cluster flats comprising 331 well specified non en-suite bedrooms. Internally, each flat comprises four, five or six individual bedrooms with two sets of WC/shower facilities and a kitchen/living area. Wifi has been installed throughout the property.

To the ground floor is a managers suite, bike store and access to the laundry facilities. To the rear of the scheme is external courtyard space which is finished to a mix of hard and soft landscaping. There are 28 car parking spaces.

Many of the University of Edinburgh’s academic buildings are a short walk away. The University of Edinburgh’s George Square campus is approximately 15 minutes walk or a 5 minute bus ride. The Art College is a 5 minute walk and Edinburgh Napier University’s Merchiston and Morningside Campuses are approximately a 20 minute walk. The bus stop immediately outside the property serves direct buses to Napier’s Sighthill campus, Heriot Watt’s Riccarton campus and Edinburgh Airport.

Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2013. Not to Scale - For Identification Purposes Only.

6

DescriptionEach flat is equipped with the following;

Property features

Room types available:

• Shared flats

Bedroom:

• Wifi throughout

• Large bed – ¾ size throughout

• Wardrobe

• Study desk & chair

• Shelves

• Vanity unit

Accommodation Schedule:

Room Type No. of Beds

4-bed non en-suite cluster bed 20

5-bed non en-suite cluster bed 5

6-bed non en-suite cluster bed 306

Total 331

Shared area:

• Contemporary sofas

• Flat screen TV in lounge

• Modern kitchen with integrated appliances

• Fridge freezer

• Breakfast bar with bar stool seating

• Bathroom and WC

Common area:

• Hospitality office

• Bike storage

• Gated car parking

• Garden/Courtyard

• CCTV

• Secure door entry

• Laundry facilities

7

Income The property is 100% let for the 2013/14 academic year and the table opposite sets out the bookings taken. Rooms let on a direct let basis to students are let on short assured tenancies for a period of 43 weeks. There is a gross student income of £1,927,964.

180 beds are currently let for 2013/14 under a short term nominations agreement to the University of Edinburgh.

The accommodation also attracts students from Heriot Watt and Edinburgh Napier Universities and there are referral agreements in place with both institutions. In 2013/14, 45 students were referred by Heriot Watt University and 60 students were referred by Edinburgh Napier University. The remaining beds are let to students studying at various institutions across the city, including Scotland’s Rural College.

The projected summer income including Festival bookings is based on a projected net income of £250,000.

The restrictive planning regime and under-supply of purpose built stock should ensure the city continues to see above inflation rental increases year on year.

The property has an on site management team and is managed by the Mansion Group. It is anticipated that the property can be managed at £1,650 per bed space per annum, which equates to a total of £546,150 per annum.

The table below sets out the income profile for 2013/2014.

Room Type No. of Beds Tenancy PeriodAverage Rent per week

Assumed Occupancy Rate

2013/14 Income

4-bed non en-suite cluster bed 20 43 £133.76 100% £115,030

5-bed non en-suite cluster bed 5 43 £130.06 100% £27,964

6-bed non en-suite cluster bed 306 43 £135.65 100% £1,784,970

Gross Student Income £1,927,964

Less void and bad debt assumption of 3% -£57,839

Projected Net Summer Income 2014 £250,000

Projected Sundry Income £32,000*

Total Gross Income £2,152,103

Operating Costs at £1,650 per bed per annum -£546,150

Net Income £1,605,953

*assumed sundry income

8

Higher Education in EdinburghEdinburgh is a globally recognised higher education city boasting four significant universities with a total of 47,085 full time students. The University of Edinburgh (including Edinburgh College of Art) has almost 25,000 full time students, is ranked 22nd in the UK (The Times 2014) and is 17th in the world according to the latest QS World University Rankings. Other universities in Edinburgh include Heriot Watt University, Edinburgh Napier University, and Queen Margaret University.

Institution Total Full-time Students (HESA 11/12)

Applications Per Place (The Times 2014)

University Accommodation Bedrooms

The Times Ranking 2014

University of Edinburgh

24,920 8.6 5,080 22

Heriot-Watt University

7,990 6.6 1,598 38

Edinburgh Napier University

10,905 6.3 897 100

Queen Margaret’s University

3,270 6.0 800 71

Total 47,085 8,375

Source (Times Good University guide 2013 / HESA/ Savills Research)

UK-wide, the 2013/14 student intake has been positive and the most recent data from UCAS (September 2013) has indicated that there was a 9% upturn in accepted university places.

The overseas student population has steadily increased over the past decade. There are currently 16,845 international students studying in the city, representing 29% of total HE students which is a far higher proportion of overseas students comparative to the UK average at 19%. This growth looks set to continue with the most recent HESA data showing a 6.4% rise in international students from the previous year. Scotland’s fee exemption policy for EU students continues to support the attractiveness of the city for such eligible students.

Student Accommodation Supply in Edinburgh

6%

76%

18%

University Accommodation

Private Accommodation

Student Living in HMO’s / at home

9

Purpose Built Student Accommodation in EdinburghThere is currently a provision of 11,215 purpose built student bed spaces throughout the city, of which 8,375 are university operated and 2,840 are privately owned. The remaining 36,000 students live within HMO’s or at home. This means that only c.24% of full-time students are able to access purpose built student accommodation in Edinburgh.

This supply and demand imbalance is likely to be intensified by an increasingly restrictive and challenging planning environment which will limit future student accommodation development impacting and consequently insulate rents and values of well located existing assets. In addition, we expect a continuation in the trend of migration of students from the HMO sector to purpose built housing as legislation tightens and the price differential between the two remains narrow.

The below table illustrates comparable rental evidence.

Key Property Bed Type Weekly Rent 2013/14

Term Annual Rent 2013/14

1 IQ Fountainbridge En-suite Cluster

£137 43 £5,891

Studio / 1 bed Flat

£149 - £210 50 £7,450 - £10,500

2 Sugar House En-suite Cluster

£162 - £165 43 £6,980 - £7,070

Studio / 1 bed Flat

£186 - £214 43 £7,998 - £9,202

3 Wellgate House En-suite Cluster

£159 - £185 42 £6,678 - £7,770

Studio £235 - £325 42 £9,870 - £13,650

4 Chalmers Street En-suite Cluster

£159 - £162 43 / 51 £7,128 - £8,109

Studio £215 - £245 51 £10,965 - £12,495

5 IQ Grove Street En-suite Cluster

£132 - £137 43 £5,676 - £5,891

Studio / 1 bed Flat

£149 - £210 43 £6,407 - £9,030

MarchmontBruntsfield

Sciennes

Lauriston

Fountainbridge

Newington

St Leonards

Greenside

Calton

Pilrig

Broughton

Canonmills

Stockbridge

ComelyBank

DeanVillage

Tollcross

Southside

The Exchange

Leith

West End

East End

R I

d

PRINCESS STREET

GRASSMARKET

COWGATE

COWGATE

PRINCESS STREET

MARKET STREET

HIGH STREET (ROYAL MILE)

THE MO

UND

NO

RTH

BR

IDG

E

GEO

RGE IV BRIDG

E

LOTH

IAN

RO

AD

CANONGATE (ROYAL MILE)

SOUTH BRIDGE

CHAMBERS ST

MELVILLE DRIVE

MELVILLE DRIVE

FOR

RES

T R

D

LAURI OTS N PLACE TEVIOT PLACELOTHIA

N ST

WEST PORT

BREAD STREET

WES

T A

PPROACH RD

HO

ME

STR

EET

MELVILLE DRIVE

NICOLSON STR

EET

POTTERO

W

CHAPEL STREETBUCCLEUCH

STCLERK STREET

THE PLEA

SAN

CE

HOLYROOD ROAD

DALKEITH ROAD

NEWING

TON RO

AD

CALTON ROADNEW

STREETEAST MARKET ST ER ET

CASTE TERRACE

KINGS STABLES RD

SPIT

TAL S

TREE

T

JOHNSTON TERRACE

WAVERLEY BRIDG

E

SHANDWICK PLACE

WEST MAITLAND ST

MORR SI ON S RT EET

WEST APPROACH ROAD

HAYMARKET TERRACE

DALRY R

OAD

QUEENSFERRY ST

QUEEN STREETHERIOT ROW

GEORGE STREET

GEORGE STREETALBYN PLACE

QUEEN STREET

LEITH

ST

YORK PLACE

LONDON ROADLONDON ROAD

ELM

ROW

DUNDAS STR

EET

DUNDO

NA

LD ST

HOW

E STREET

INDIA STREET

ABERCROMBY PLACE

GREAT KING STREET

FETTES ROW

HENDERSON ROW

CIRCUS PLACE

CIRCUS LANE

HAM

ILTO

N PL

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DEANHAUGH ST

RAEBURN PLACECOMELY BANK ROAD

CREWE ROAD SOUTH

ORCHARD BRAE

DEAN PARK C

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TH TERRACE

ARBO

RETUM

AVE EYRE PLACE

BRAND

ON

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PE ST

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DRUMMOND PLACE

EAST LONDON STREET

BROUGHTON STREET

LEITH

WALK

ROYAL TERRACE

ANNADALE STREET

LEIT

H WALK

MCDONALD ROAD

BRUNSWICK ROAD

MONTGOMERY STREET

ALBERT STREET

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EAST

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OA

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PILRIG STREET

EAST

CLA

REM

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BROU

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DRUMSHEUGH GARDENS

MELVILLE STREET

DOUGLAS GARDENS

SOUTH

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TTE ST

CASTLE STREET

DUNDEE STREET

EARL GREY ST

LOCHRIN PLW. TOLL

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BRUNTSFIEL

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LEAMINGTON TERRACE WHITEHO

USE LOAN

WARRENDER PARK CRESCENT

WARRENDER PARK ROAD MA

RC

HM

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QUE

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FOUNTAINBRIDGE

Inverleith

1

5

3

4

2

Not to Scale - For Identification Purposes Only.

10

Summer Income PotentialEdinburgh benefits from a unique market to drive additional income from summer lettings. There are 23 major festivals held throughout the year with c.5 million attendees. The largest of these is the Edinburgh Festival Fringe which attracts an estimated 2.6 million attendees in August. Other festivals and events such as the Royal Edinburgh Military Tattoo, Edinburgh International Festival and Edinburgh International Book Festival and the Royal Highland Show bring additional visitors both from the UK and internationally. The summer festivals attract up to 4 million visitors annually so summer occupancy is notably high across the city with rents often at a premium. This increased demand is strengthened by the city’s exceptionally strong language school market operating primarily during July and August.

The assets are superbly located to benefit from summer demand, demonstrated through a strong occupancy record.

2014 also presents an opportunity to capture demand and income from the Commonwealth Games being held in Glasgow in July and August.

MarchmontBruntsfield

Sciennes

Lauriston

Fountainbridge

Newington

St Leonards

Greenside

Calton

Pilrig

Broughton

Canonmills

Stockbridge

ComelyBank

DeanVillage

Tollcross

Southside

The Exchange

Leith

West End

East End

R I

d

PRINCESS STREET

GRASSMARKET

COWGATE

COWGATE

PRINCESS STREET

MARKET STREET

HIGH STREET (ROYAL MILE)

THE MO

UND

NO

RTH

BR

IDG

E

GEO

RGE IV BRIDG

E

LOTH

IAN

RO

AD

CANONGATE (ROYAL MILE)

SOUTH BRIDGE

CHAMBERS ST

MELVILLE DRIVE

MELVILLE DRIVE

FOR

RES

T R

D

LAURI OTS N PLACE TEVIOT PLACELOTHIA

N ST

WEST PORT

BREAD STREET

WES

T A

PPROACH RD

HO

ME

STR

EET

MELVILLE DRIVE

NICOLSON STR

EET

POTTERO

W

CHAPEL STREETBUCCLEUCH

STCLERK STREET

THE PLEA

SAN

CE

HOLYROOD ROAD

DALKEITH ROAD

NEWING

TON RO

AD

CALTON ROADNEW

STREETEAST MARKET ST ER ET

CASTE TERRACE

KINGS STABLES RD

SPIT

TAL S

TREE

T

JOHNSTON TERRACE

WAVERLEY BRIDG

E

SHANDWICK PLACE

WEST MAITLAND ST

MORR SI ON S RT EET

WEST APPROACH ROAD

HAYMARKET TERRACE

DALRY R

OAD

QUEENSFERRY ST

QUEEN STREETHERIOT ROW

GEORGE STREET

GEORGE STREETALBYN PLACE

QUEEN STREET

LEITH

ST

YORK PLACE

LONDON ROADLONDON ROAD

ELM

ROW

DUNDAS STR

EET

DUNDO

NA

LD ST

HOW

E STREET

INDIA STREET

ABERCROMBY PLACE

GREAT KING STREET

FETTES ROW

HENDERSON ROW

CIRCUS PLACE

CIRCUS LANE

HAM

ILTO

N PL

ACE

DEANHAUGH ST

RAEBURN PLACECOMELY BANK ROAD

CREWE ROAD SOUTH

ORCHARD BRAE

DEAN PARK C

RES

LESLIE PLACE

GLENOGLE ROAD

TH TERRACE

ARBO

RETUM

AVE EYRE PLACE

BRAND

ON

ST

INVERLEITH ROW

HO

PE ST

ROYAL CRESCENT

DRUMMOND PLACE

EAST LONDON STREET

BROUGHTON STREET

LEITH

WALK

ROYAL TERRACE

ANNADALE STREET

LEIT

H WALK

MCDONALD ROAD

BRUNSWICK ROAD

MONTGOMERY STREET

ALBERT STREET

IONA STREET

EAST

ER R

OA

D

PILRIG STREET

EAST

CLA

REM

ONT

STR

EET

BROUGHTON ROAD

BROU

GHTON R

OAD

LOG

IE GREEN RO

ADR

ODNEY STREET

BELLVUE

E FETTES AVENUE

COM

ELY BANK AVENUE

QUEENSFERRY ROAD

BELFORD ROAD

DRUMSHEUGH GARDENS

MELVILLE STREET

DOUGLAS GARDENS

SOUTH

CHARLO

TTE ST

CASTLE STREET

DUNDEE STREET

EARL GREY ST

LOCHRIN PLW. TOLL

CROSS

GILMORE PLACE

BRUNTSFIEL

D PL

ACE

LEAMINGTON TERRACE WHITEHO

USE LOAN

WARRENDER PARK CRESCENT

WARRENDER PARK ROAD MA

RC

HM

ON

T RO

AD

REGENT ROAD

SCIE NN ES ROAD

CH

ALM

ERS C

RESC

ENT

BEAUFORT ROAD

GRANGE ROAD

SUMM

ERHALL PLACE

SALISBURY ROAD

HOLY

ROOD

PAR

K RO

AD

QUEENS DRIVE

QUE

ENS

DRIV

E

QUEENS DRIVE

ABBE

Y HI

LL

WEST MA

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FOUNTAINBRIDGE

Inverleith

University Buildings

Major Festival Sites

Subject Property

Not to Scale - For Identification Purposes Only.

11

PlanningThe grant of new student accommodation planning permissions is likely to become more challenging in the future. Current planning policy guidelines of the City of Edinburgh Council seek to limit student developments where the result is a student population of 30% or more in the locality.

This will undoubtedly have an impact on the number and location of planning permissions granted for student accommodation moving forward. Consequently this should ‘insulate’ existing schemes within the city against further supply in good locations, and should have the effect of creating rental growth

TenureThe property is Heritable Interest (Freehold equivalent).

For 2013/14 the University of Edinburgh have a nominations agreement on 180 beds. Terms have been agreed with the University of Edinburgh under a nominations agreement to take 90 beds for 2014/15.

EPC The EPC ratings for the student accommodation have all achieved band C. The EPC certificates of each individual flat are available upon request.

Capital AllowancesThese will be available – further information on request

VATNo VAT is chargeable on this transaction

Management The property is currently managed by Mansion Group. This will cease on sale of the property though they would consider providing management services for a new purchaser (subject to terms).

ProposalWe are instructed to seek offers in excess of £23,500,000 (Twenty Three Million Five Hundred Thousand Pounds) for the Freehold interest in the property which reflects a net initial yield of 6.46% on the student accommodation, assuming purchaser’s costs of 5.80%.

12

Further InformationFurther information is available on the Extranet site :

www.savills.com/fountainbridge

To arrange a viewing and for further enquiries please contact:

Marcus Roberts 020 7016 3799 07807 999 187 mroberts@savills.com

James Hanmer 020 7016 3711 07967 555 897 jhanmer@savills.com

Bruce Patrick 0141 222 5873 07870 555 816 bpatrick@savills.com

Cheryl Jackson 0131 247 3726 07967 555 829 cjackson@savills.com

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.

3. MISREPRESENTATION ACT 1967: These particulars do not constitute an offer of any contract. Neither Savills nor any of its Directors, employees or agents is authorised to give or make any warranty or representation on behalf of any party. Whilst information and particulars are given in good faith, intending purchasers or tenants must satisfy themselves independently as to the accuracy of all matters on which they intend to rely. All negotiations are subject to contract.

Designed and Produced by Savills Marketing: 020 7499 8644 | January 2014