CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop

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CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
On Behalf of Fixed Charge Receivers

CRICKLEWOOD LANE LONDON NW2
   PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
PROPOSED DEVELOPMENT                                                                                     CRICKLEWOOD THAMESLINK         MIDDLESEX
   OF A 35,000 SQ FT                     PROPOSED DEVELOPMENT                                                  RAIL STATION         UNIVERSITY HALLS
 ASDA SUPERSTORE AND                     OF GROUND FLOOR RETAIL                                         (ST PANCRAS INTERNATIONAL      OF RESIDENCE
 100 RESIDENTIAL UNITS        B&Q        AND 44 RESIDENTIAL UNITS                                                11 MINS)            (181 BEDROOMS)                      VIRGIN GYM

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                                                                                                                                             Site outline for indicative purposes only.
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

                                                                                                                   1-13 CRICKLEWOOD LANE

INVESTMENT CONSIDERATIONS
  Mixed use property comprising:
   Retail: 17,280 sq ft NIA
   Office: 25,111 sq ft GIA (21,061 sq ft NIA)
   Residential: 15 flats (12,420 sq ft GIA)
  Comprising a total area of approximately
  54,811 sq ft (5,012 sq m)
  Total site area of 0.91 acres (0.37 hectares)
  Freehold
  Current passing rent of £369,055 per annum
  Reversionary rent of £847,983 per annum
  Located in close proximity to the Brent Cross
  £4.5bn regeneration scheme
  Tenants include Co-Operative Foodstores Limited
  and Barndoc Healthcare Limited
  Prominent position close to Cricklewood Railway Station

DEVELOPMENT POTENTIAL
  The property provides a number of potential residential led
  development opportunities, subject to planning, including:
    Immediate conversion of the 1st and 2nd
    floor offices at the rear to residential through
    Permitted Development Rights
    Increase in the height and density of the
    existing buildings
    Comprehensive redevelopment

Offers are sought in excess of £12,000,000                      DATAROOM
(Twelve Million Pounds) subject to contract                     Further information is provided in the dataroom.
and exclusive of VAT. A purchase at this level                  For access please register on the following
                                                                website www.cricklewoodlane.com
represents an overall capital value of only
£219 psf and reversionary yield of 6.62%
assuming purchaser’s costs of 6.76%.
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

                                                                                                                                                                                                                                                                                                                                                                     BRITANNIA BUSINESS CENTRE

LOCATION
Cricklewood is a densely populated area of north-west London
with an affluent catchment area in the London Borough of
Barnet, approximately 5.8 miles (9.3 km) northwest of Central
London.
Cricklewood benefits from excellent communication links.
The area is served by Thameslink providing regular services
to London with a fastest journey time of 10 minutes to London
St Pancras. Thameslink also serves a regular service to Luton
Airport with a fastest journey time of 35 minutes.
The area benefits from excellent road links being situated in
close proximity to the A5 and the A41, M1 and other main
routes into Central London.

SITUATION
The property is prominently located at the western end
of Cricklewood Lane less than 50 metres from the A5
(Cricklewood Broadway). The area provides a wide variety
of retailers with a mix of national and independent traders.
These include Costa Coffee, Barclays, Santander, McDonalds,                A505                                                  Stevenage
Burger King, KFC and Argos.                                                       Dunstable                                                                                                       Stansted
                                                                                                                  Luton                                                Bishop’s                                                                           A120
                                                             A418                                                                Knebworth                             Stortford
The property is situated adjacent to the Broadway Retail Park                              A5                                                            A10
where                                                                                                                              A1(M)         A602
   A44occupiers include B&Q and Tile Depot. In the wider vicinity                                     M1                                                                                                                                                                     A131
the area benefits
          A34      from retail warehouse and leisureAylesbury
                                                       occupiers                                                                                                                                                                                     A130
                                                                                                       Harpenden Welwyn Garden
including Matalan, Wickes, Virgin Gym and Travelodge.                                                                City      Hertford
  A40                                                                                                                                                                      M11
The property is conveniently located in close proximity to                                                                                                 A414
                                                                             A41        Hemel                                                                        Harlow                                                                                                                     A12
      OXFORD
Cricklewood    Railway Station, which is situated within a 2                Berkhamsted                          St Albans         Hatfield
                                      Thame                                          Hempstead
                A4142                                                                                                                                                                                                     Chelmsford A138
minute walk (0.1miles).                                                                                     M10           A414
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CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

DESCRIPTION
RETAIL                                                                            BRITANNIA BUSINESS CENTRE                                                  RESIDENTIAL
The retail element of the property benefits from excellent frontage onto          The Britannia Business Centre is a three storey office building located    The residential element comprises a total of 14 x two bed and 1 x one
Cricklewood Lane with loading accessed to the rear, via the car park.             to the rear of the property and is accessed via a roadway to the east      bed self-contained flats of which one is currently vacant.
Unit 1, 3, 5 - Comprises a ground floor supermarket with first and second floor   side of the property off 1-3 Cricklewood Lane. The property provides       The flats are divided into two separate elements known as
storage and ancillary accommodation.                                              approximately 21,061 sq ft NIA and 25,111 sq ft GIA and benefits           Kingsway Court and Queensway Court.
                                                                                  from approximately 25 car parking spaces, some of which are
Unit 7 – Comprises a ground floor retail unit with ancillary storage                                                                                         Kingsway Court consists of three flats on first floor and four flats on
                                                                                  undercroft together with a six person lift serving all floors.
currently trading as a public house.                                                                                                                         the second floor and is accessed from a ground floor entrance on
                                                                                  The ground floor is fitted out as a walk-in medical centre and is let to
Unit 9 – Comprises a ground floor retail unit with ancillary storage                                                                                         Cricklewood Lane. Queensway Court consists of eight flats over first
                                                                                  Barndoc Healthcare Ltd. The ground floor external area is used for
currently trading as a convenience store.                                                                                                                    and second floors and accessed to the rear of the property.
                                                                                  the undercroft parking and accessed via the car park which leads to
Unit 9 A & B – Comprises a vacant double ground floor retail unit                 the reception. The first and second floors are currently vacant.
(former bathroom showroom), with ancillary storage facilities and
two separate access points to the rear.
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

                                                                         Retail
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                                                                                                                                                                                                                                     TOTAL SITE AREA
                                                                                                                                                                                                                                     The property has a total site area
                                                                                                                                                                                                                                     of 0.91 Acres (0.37 hectare).
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

PLANNING
Local Planning Authority
London Borough of Barnet
Tel: 0208 359 3000
Web: www.barnet.gov.uk
We have been advised that the property is neither
situated in a Conservation Area nor Listed.

PLANNING CONTEXT
Importantly the property is located in the area covered by
the Brent Cross regeneration scheme (see page 11). The
Barnet Housing Needs Assessment (HNA) estimates that
27,000 new homes will be required between 2015 and
2025. The London Plan has tasked Barnet with delivering
28,000 new homes, although the recent alterations have
recommended raising this to 31,000.
In order to provide some guidance on the potential for
development, the Vendor has commissioned a planning
report, a copy of which is available for inspection within
the data-room (www.cricklewoodlane.com).
Notable comments from the report are as follows:
  As the site is previously developed `brownfield’ land
  and is located within an established urban area the
  site represents an in principle opportunity for
  conversion or redevelopment.
  The principle of further development of land within
                                                             Illustrations for identification purposes only.
  the locality is further evidenced by the fact that in
  planning terms the site lies within a recognised
  Opportunity Area.
                                                              ADDITIONAL DEVELOPMENT POTENTIAL
                                                              (Subject to obtaining all necessary consents)
CURRENT PLANNING POSITION
Britannia Business Centre totals 20,876 sq ft (GIA) of        Residential and Commercial:
vacant B1 office accommodation situated over 1st and             Potential to extend to the                    Potential to increase the      Potential to implement
2nd floors. A prior application notice under permitted           rear of the retail units above                height and density of the      Permitted Developments
development rights was approved on the 19 December               the existing single storey                    property. The Local Policy     Rights; within the planning
2013 (Application Number: F/05093/13) for the                    rear commercial extensions.                   makes reference to the         report it is estimated that
‘change of use from B1 office (first & second floor) to C3                                                     potential for courtyard        the 1st and 2nd floor of the
                                                                 The first and second floors
                                                                                                               blocks of 3-8 storeys within   Britannia Business Centre
residential (18 units).                                          (currently used by Co-op)
                                                                                                               the regeneration area.         could be converted to in
                                                                 could potentially be
                                                                                                                                              excess of 34 residential
                                                                 converted into residential.                   Potential to infill the
                                                                                                                                              flats (50% 1 bed 2 person
                                                                                                               undercroft car parking.
                                                                 Potential to add another                                                     and 50% 2 bed 3 person).
                                                                 floor above the existing
                                                                 residential units fronting
                                                                 Cricklewood Lane.
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

RETAIL - 1-13 CRICKLEWOOD LANE, LONDON NW2 1ET

Unit          Tenant                                          Floor                           NIA                   Lease          Rent   Lease Expiry   Passing Rent         ERV Comments
                                                                                       Area           Area           Start       Review                    (ITZA/psf)   (ITZA/psf)
                                                                                     (sq m)          (sq ft)
Forecourt     Co-operative Foodstores Limited                                                                  25/10/1994             -   24/12/2026     Peppercorn
of No. 1      Guaranteed by Co-operative Group Food Limited
1             Co-operative Foodstores Limited                 Ground Floor Sales      570.0          6,135     25/12/1963             -   24/12/2026       £110,000     £140,400 FRI Terms, inside the L&T 54 Act.
              Guaranteed by Co-operative Group Food Limited                                                                                                  (£9.63)     (£12.30) ERV assumes headline rent of
                                                                                                                                                                                  £16 psf on sales area and half
                                                              Ground Floor Storage     19.6            211                                                                        rate on remainder.
                                                              First Floor Storage     156.0          1,679
                                                              Second Floor Storage   314.80          3,389
                                                              & Offices
3             Co-operative Foodstores Limited                 Ground Floor Sales      89.06            958     25/10/1994    25/10/2019   24/12/2026        £19,600      £28,250 FRI Terms, inside the L&T 54 Act.
              Guaranteed by Co-operative Group Food Limited                                                                                                 (£35 ZA)     (£50 ZA)
                                                              (ITZA)                  52.49            565

5             Co-operative Foodstores Limited                 Ground Floor Sales      86.27            929     25/10/1994    25/10/2018   24/12/2026        £21,000      £27,400 FRI Terms, inside the L&T 54 Act.
              Guaranteed by Co-operative Group Food Limited                                                                                                 (£38 ZA)     (£50 ZA)
                                                              (ITZA)                  50.91            548

Goods Hoist   Co-operative Foodstores Limited                                                                  01/05/2002                 24/12/2026          £5,000      £5,000 FRI Terms, inside the L&T 54 Act.
              Guaranteed by Co-operative Group Food Limited
7             Mr AC Patel                                     Ground Floor             95.2          1,025     25/03/2002    25/12/2017   24/03/2018        £22,500      £29,600 FRI Terms, inside the L&T 54 Act.
                                                                                                                                                            (£38 ZA)     (£50 ZA)
                                                              (ITZA)                  54.99            592

9             Ismail Sahin                                    Ground Floor             84.8            913                                                  £18,750      £28,200 FRI Terms, inside the L&T 54 Act.
                                                                                                                                                            (£33 ZA)     (£50 ZA) On assignment.
                                                              (ITZA)                  52.39            564     25/03/2002    25/12/2021   24/03/2022

9A/B          Vacant                                          Ground Floor            181.7          1,956                                                        £0     £57,450
                                                                                                                                                                         (£50 ZA)
                                                              (ITZA)                 106.74          1,149

                                                              Ground Floor Storage      7.9             85

Ad Hoarding   JCDecaux UK Limited                                                                                                                            £11,500     £11,500 Tenant holding over - new 7
                                                                                                                                                                                 year lease proposed by tenant.

Sub Station   Eastern Electricity Board                                                                        15/11/1963                 15/11/2023              £1          £1

Total                                                                                1,605          17,280                                                £208,351      £327,801
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

RESIDENTIAL - QUEENSWAY COURT AND KINGSWAY COURT, CRICKLEWOOD LANE, LONDON NW2 1ET
Unit                        Tenant                                                        Floor                                    GIA                  Bedrooms      Lease Start   Lease Expiry   Passing Rent             ERV Comments
                                                                                                                      Area                 Area                                                                       (ITZA/psf)
                                                                                                                    (sq m)                (sq ft)
Flat 1, Queensway Court     Frays Charitable Housing Association Limited, part of the     First Floor                       70              753               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 2, Queensway Court     Frays Charitable Housing Association Limited, part of the     First Floor                68.91                  742               Two    16/11/2013     15/11/2016        £9,336           £18,000 Inspected/ Measured
                            Paradigm Housing Group
                            Frays Charitable Housing Association Limited, part of the                                70.42                  758               Two    16/11/2013     15/11/2016        £9,336           £18,000
Flat 3, Queensway Court                                                                   First Floor                                                                                                                            Inspected/ Measured
                            Paradigm Housing Group
Flat 4, Queensway Court     Frays Charitable Housing Association Limited, part of the     First Floor                       66              710               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 5, Queensway Court     Frays Charitable Housing Association Limited, part of the     Second Floor                      70              753               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 6, Queensway Court     Frays Charitable Housing Association Limited, part of the     Second Floor                      70              753               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 7, Queensway Court     Frays Charitable Housing Association Limited, part of the     Second Floor                      66              710               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 8, Queensway Court     Frays Charitable Housing Association Limited, part of the     Second Floor                      70              753               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 1, Kingsway Court      Frays Charitable Housing Association Limited, part of the     First Floor                       70              753               One    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 2, Kingsway Court      Frays Charitable Housing Association Limited, part of the     First Floor                  102                 1098               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 3, Kingsway Court      Vacant                                                        First Floor                  102                 1098               Two                                       £0             £18,000 Area from EPC
Flat 4, Kingsway Court      Frays Charitable Housing Association Limited, part of the     Second Floor               67.69                  729               Two    16/11/2013     15/11/2016        £9,336           £18,000 Inspected/ Measured
                            Paradigm Housing Group
Flat 5, Kingsway Court      Frays Charitable Housing Association Limited, part of the     Second Floor                 102                 1098               Two    16/11/2013     15/11/2016        £9,336           £18,000 Area from EPC
                            Paradigm Housing Group
Flat 6, Kingsway Court      Frays Charitable Housing Association Limited, part of the     Second Floor                      80              861               Two    16/11/2013     15/11/2016        £9,336           £18,000 Inspected/ Measured
                            Paradigm Housing Group
Flat 7, Kingsway Court      Frays Charitable Housing Association Limited, part of the     Second Floor               78.81                  848               Two    16/11/2013     15/11/2016        £9,336           £18,000 Inspected/ Measured
                            Paradigm Housing Group
Total                                                                                                             1153.83                12,420                                                     £130,704         £270,000

OFFICE - BRITANNIA BUSINESS CENTRE, 2 CRICKLEWOOD LANE, LONDON NW2 1DZ
Unit              Tenant             Floor                               GIA                               NIA                   Lease Start        Lease Expiry    Passing Rent            ERV Comments
                                                                  Area           Area               Area           Area                               (Break)               (psf)          (psf)
                                                                (sq m)          (sq ft)           (sq m)          (sq ft)
Britannia         Barndoc            Ground Office             285.58           3,074             257.6           2,773      31/12/2015              30/12/2020         £30,000         £33,276 Mutual break option: Tenant on 6 months notice, landlord
Business Centre   Healthcare Ltd                                                                                                                    (30/06/2017)         (£9.75)        (£12.00) on 12 months notice conditional on section F of s.26 of
                                                                                                                                                                                                 54 Act being satisfied. Inside the L&T Act. S/C capped at
                                                                                                                                                                                                 £13,500 for 1st year then RPI adjusted thereafter.
                  Vacant             Ground Reception          107.86           1,161              39.5             425                                                                   £2,550
                                                                                                                                                                                         (£6.00)
                  Vacant             First Floor               1064.7          11,460             927.2           9,980                                                                £119,760
                                                                                                                                                                                        (£12.00)
                  Vacant             Second Floor               874.8           9,416             732.4           7,883                                                                 £94,596
                                                                                                                                                                                        (£12.00)
Total                                                       2,332.94           25,111         1,956.7            21,061                                                £30,000        £250,182

RETAIL, RESIDENTIAL AND OFFICE TOTALS: TOTAL SQ M - 5,092 TOTAL SQ FT - 54,811 TOTAL PASSING RENT - £363,555 PER ANNUM TOTAL ERV - £847,983 PER ANNUM
CRICKLEWOOD LANE LONDON NW2 - PRIME MIXED USE INVESTMENT & DEVELOPMENT OPPORTUNITY - Allsop
CRICKLEWOOD LANE LONDON NW2

                              COVENANTS
                              Barndoc Healthcare Limited
                              Barndoc was established in August 1996 operating initially
                              from Finchley Memorial Hospital with 7 practices and 24
                              principal GPs. Barndoc now has 70 GPs and 60 nurses that
                              provide out of hours care to over 1 million residents of
                              Barnet, Enfield, Haringey and parts of Brent.

                              Frays Charitable Housing Association Limited
                              part of the Paradigm Housing Group
                              Paradigm Housing Group was established in April 1999
                              and provides a wide range of housing and support services
                              throughout the South, East Midlands and West London.
                              Frays Charitable Housing Association was founded in
                              1992 by the London Borough of Hillingdon to meet the
                              homelessness needs of the Hillingdon area of Outer
                              London. It joined Paradigm Housing Group in April 2000
                              and continued to expand into neighbouring boroughs.

                              Co-Operative Foodstores Limited
                              The Co-operative Group is the fifth largest food retailer in
                              the United Kingdom with a 6.1% market share operating just
                              over 2,800 grocery outlets employing over 62,000 people.
                              During 2015 the Co-op refurbished 264 stores and opened
                              97 new locations with a further 100 new convenience stores
                              target in 2015
CRICKLEWOOD LANE LONDON NW2

                                                                                                                        BRENT CROSS CRICKLEWOOD
LOCAL MARKET COMMENTARY                                                                                                    REGENERATION ZONE
                                                                                                                                  180 ACRES
In 2010 the Brent Cross Cricklewood Development Partners                                                                        7,500 HOMES
secured planning permission for a 15 million sq ft £4.5bn            NORTH CIRCULAR                      STAPLES CORNER      4M SQ FT OFFICES
masterplan. The development includes 7,500 homes, 27,000                 (A406)                            RETAIL PARK       0.5M SQ FT RETAIL     SHOPPING CENTRE
jobs, three re-built schools, new parks and community
facilities, 500,000 sq ft of retail, 4m sq ft of offices and a new
town centre.
This new town centre will have at its heart a transformed
Brent Cross Shopping Centre. It will have a wider range
of shops alongside a new evening entertainment offer to
provide the area with a thriving night time economy, a new
cinema, dining options and a network of covered streets
and spaces. Major improvement works to public transport
including a refurbished tube station and brand new train
station on the Midland Mainline as well as new bus routes
and much better walking and cycling connections.
Further information is available at
www.brentcrosscricklewood.com

RESIDENTIAL COMMENTARY
Recent developments within the vicinity include Fairview’s
scheme on Claremont Road called `Claremont Village’. The
2 bed flats are priced between £395,000 - £455,000 with an
average of £630 psf. Claremont Village will comprise 135
units of which 51 are houses and remainder being 84 flats.
Current schemes under planning consideration close by are:
1. 112-132 Cricklewood Lane with a proposed scheme for
   122 units.
2. A Council scheme is being considered for a ‘Pocket
   Development’ of the land fronting B &Q, which will
   deliver 42 intermediate-affordable units with retail space
   on the ground floor.
3. Cricklewood Square (adjoining subject property) - Asda
   has announced plans to deliver a new foodstore and
   c.100 apartments, on a 0.44 hectare (35,000 sq ft) site.
                                                                                      SUBJECT PROPERTY
The local letting market is strong with limited supply and
high demand, values are in the region £1,500 pcm which is
in line with London average for new lets of £1,575pcm.

                                                                                                                                                  Site outline for indicative purposes only.
TENURE                            EPC                                                      VAT
Freehold.                         The EPC is available on request.                         The property is elected for VAT and it is anticipated that the
                                                                                           transaction will be treated as a transfer of a going concern (TOGC).

DATAROOM
Further information is provided in the dataroom. For access please register on the following website www.cricklewoodlane.com

PROPOSAL
Offers sought in excess of £12,000,000 (Twelve Million Pounds)
subject to contract and exclusive of VAT. A purchase at this level
represents an overall capital value of only £219 psf and reversionary
yield of 6.62% assuming purchaser’s costs of 6.76%.

For further information or to make arrangements for viewing please contact:

Commercial                                                                         Residential
Alex Butler                        Mark Dansky                                     Michael Linane                           James Hood
020 7543 6722                      020 7543 6813                                   020 7344 2623                            020 7344 2637
alex.butler@allsop.co.uk           mark.dansky@allsop.co.uk                        michael.linane@allsop.co.uk              james.hood@allsop.co.uk

Liam Stray                                                                         Richard How
020 7543 6769                                                                      020 7344 2652
liam.stray@allsop.co.uk                                                            richard.how@allsop.co.uk

www.allsop.co.uk

This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge, but the purchaser must rely solely on their own enquiries. The Fixed Charge Receivers are not bound
to accept the highest or any offer and are acting in respect of the sale without personal liability.

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole
or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the
vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in
relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to
in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to
the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working
order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. 
Design: CommandD www.commandHQ.co.uk 09.16
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