HIGH QUALITYOFFICE INVESTMENT OPPORTUNITY

EUROPARC ROSYTH

Aquarius Court

EXECUTIVE SUMMARY

Located in a successful business park experiencing a resurgence in occupier demand over the past 18 months.

Excellent communication links and well placed to benefit from the development masterplans in the area, spearheaded by Scarborough Muir Group.

Grade A specification with excellent parking provision.

Fully let building with a mix of good quality covenants.

Heritable Interest.

Total rent of £153,210 p.a with a reversion of £206,592 p.a.

Offers sought in excess of £1,300,000 reflecting a Net Initial Yield of 11.17% and a reversionary yield of 15.03% net of costs at 5.55%. This reflects a low capital value per square foot on the net internal area of £75.48 psf.

AquariusCourtEUROPARC ROSYTH

LOCATIONLocated on the northern shore of the Firth of Forth, Europarc occupies a gateway position within Rosyth and a prime position close to the new Queensferry Crossing. Edinburgh Airport and Edinburgh City Centre are respectively 15 and 20 minutes by road from Europarc.

Inverkeithing Railway Station and Rosyth Railway Station are a 5 minute drive from Europarc and provide a direct link to Edinburgh, Glasgow, Aberdeen and Dundee via the national rail network. A new rail link between Inverkeithing and Europarc is also proposed.

The roll-on roll-off ferry terminal is located at the waterfront immediately to the south of Europarc. This terminal acts as a hub for European freight and provides links to Northern Europe and beyond.

Perth

Kirkcaldy

LivingstonGlasgow

Dunfermline

Falkirk

Stirling GlenrothesM90

M80 M9

M8

Edinburgh

FIRTH OF FORTHEUROPARCROSYTH

DESTINATION ROAD RAIL DISTANCE

Edinburgh 20 mins 20 mins 13 miles

Forth Road Bridge 5 mins - 1 mile

Glasgow 45 mins 1 hr 15 mins 49 miles

Dunfermline 5 mins 8 mins 5 miles

Dundee 1 hr 52 mins 50 miles

Aberdeen 2 hrs 2 hrs 10 mins 110 miles

TRAVEL TIMES

FROM EUROPARC ROSYTH

1

5

6

4

2

3

M90

INVERKEITHING

PORT OF ROSYTH

ROSYTH NAVALDOCKYARD

DIRECTACCESSROAD

1 Lloyds Banking Group 2 Sainsbury’s Bank 3 SRJ Windows 4 Building Blocks Child Nursery 5 Oceaneering 6 QinetiQ Purpose Built Shock Testing Facility

AquariusCourt

ROSYTH MASTERPLANAfter a decade of collaborative master-planning with Fife Council and significant private investment, Scarborough Muir Group (SMG) are spearheading the £500m regeneration of a 120-acre site in Rosyth. In an act of faith and commitment to the area, SMG have invested several million pounds removing the former Ministry of Defence oil fuel tank farm and bunker. Following the imminent completion of these works, SMG are committed to proceeding with the construction of a large-scale mixed use development.

The development includes the implementation of infrastructural works to service a mixed-use Waterfront

development as well as the expansion of the commercial offerings at Europarc that will complement the existing buildings. There are also plans to expand the multi-modular freight handling facility to satisfy the increasing demand for freight related services feeding North Sea shipping routes.

The past 18 months has seen a significant increase in occupier demand in the area and as a result has put upward pressure on the office rental market which is evidenced in the latest letting at Aquarius Court.

The planning process can be monitored on the Fife Council website: http://planning.fife.gov.uk/online

AquariusCourtEUROPARC ROSYTH

DESCRIPTIONThe property is arranged over ground and first floors and benefits from the following specification:

• Open plan, column free, fully fitted floor plates• Full raised access flooring system with 130mm clear void and floor boxes including busbar• Suspended ceiling incorporating flush fluorescent LG7 lighting • 2.7m floor to ceiling height• Gas fired central heating• Female and male/disabled toilets on each floor and shower facilities• Bike store• Security entry system• Tenant-fitted air conditioning units• On site car parking at 1 space per 23.8 sq m (256 sq ft) net

TENANT INFORMATIONQinetiQ – A listed global business, QinetiQ specialise in the defense, security and aerospace sectors. The Rosyth office enables them to fulfil ongoing contractual commitments with the MoD. QinetiQ have been located in Rosyth since the 1940’s.QinetiQ have a Creditsafe score of 72.

Parsons Peebles Group Ltd – Specialists in the design and manufacture of electric motors and generators. The Parsons Peebles Group have just completed some significant tenant fit-out work within their unit.Parsons Peebles Group Ltd have a Creditsafe score of 62.

Epoint Embedded Computing Ltd – Provide interface and control solutions for the gaming and medical industries.Epoint Embedded Computing Ltd have a Creditsafe score of 68.

Core Assets Scotland Ltd – Core Assets are a nationwide Fostering and Childrens’ Services Group. Their Rosyth Branch covers the East of Scotland.Core Assets Scotland Ltd have a Creditsafe score of 67.

SITE PLAN

AquariusCourt

TENANCY SCHEDULE Aquarius CourtUnit / Tenant Floor Lease Lease Review Break Current Current ERV General CommentsSuite Area Start Expiry Date Rent (PA) Rent (PSF) (£12.00 PSF)

Unit 1A Parsons Peebles Group 2,120 09/11/2015 08/11/2020 N/A 08/11/18 £25,440.00 £12.00 £25,440.00 New lease commenced November 2015.(GF1) Limited

Unit 1B Epoint Embedded 2,184 29/10/2015 28/10/2020 N/A 28/10/2018 £26,208.00 £12.00 £26,208.00 New lease commenced October 2015.(1F1) Computing Limited

Unit 2A Core Assets Scotland 2,120 25/03/2014 24/03/2024 25/03/2019 25/03/2019 £16,960.00 £8.00 £25,440.00 Open market upwards only rent review. Service(GF2) Limited charge cap of £4,240 per annum increased by RPI annually.

Unit 2B QinetiQ Limited 2,184 26/10/2011 25/10/2026 26/10/2016 Annual £17,035.20 £7.80 £26,208.00 Break any time after 26/10/13, 12 months’ prior(1F2) 26/10/2021 (Tenant only) written notice. Subject to a five yearly 3% fixed uplift. Estate service charge cap of £1,310.40. Increases by RPI annually. Only applies to Estate Costs, not common parts of building.

Unit 3A Core Assets Scotland 2,120 25/03/2014 24/03/2024 25/03/2019 25/03/2019 £16,960.00 £8.00 £25,440.00 Open market upwards only rent review.(GF3) Limited Service charge cap of £4,240 per annum increased by RPI annually.

Unit 3B QinetiQ Limited 2,184 26/10/2011 25/10/2026 26/10/2016 Annual £17,035.20 £7.80 £26,208.00 Break any time after 26/10/13, 12 months’ prior(1F3) 26/10/2021 (Tenant only) written notice. Subject to a five yearly 3% fixed uplift. Estate service charge cap of £1,310.40. Increases by RPI annually. Only applies to Estate Costs, not common parts of building.

Unit 4A QinetiQ Limited 2,120 26/10/2011 25/10/2026 26/10/2016 Annual £16,536.00 £7.80 £25,440.00 Break any time after 26/10/13, 12 months’ prior (GF4) 26/10/2021 (Tenant only) written notice. Subject to a five yearly 3% fixed uplift. Estate service charge cap of £1,272.00. Increases by RPI annually. Only applies to Estate Costs, not common parts of building.

Unit 4B QinetiQ Limited 2,184 26/10/2011 25/10/2026 26/10/2016 Annual £17,035.20 £7.80 £26,208.00 Break any time after 26/10/13, 12 months’ prior(1F4) 26/10/2021 (Tenant only) written notice. Subject to a five yearly 3% fixed uplift. Estate service charge cap of £1,310.40. Increases by RPI annually. Only applies to Estate Costs, not common parts of building.

TOTALS 17,216 £153,210 £206,592.00

Ground Floor First Floor

SERVICE CHARGEThe property has a low service charge provision averaging less than £1.50 psf. A detailed breakdown is available on request.

TENUREHeritable Interest (Scottish equivalent of English freehold).

EPC RATINGThe property has an EPC Rating of D.

VATThe property has been elected for VAT and therefore VAT will be payable on the purchase price. We would anticipate, however, that the property will be sold as a TOGC and therefore no VAT will be payable.

PRICEOffers are invited in excess of £1,300,000. This reflects a net initial yield of 11.17% and a reversionary yield of 15.03% subject to purchaser’s costs at 5.5%. This reflects a capital value per square foot on the net internal area of £75.48 psf.

CAPITAL ALLOWANCESAvailable, further details on request.

FURTHER INFORMATIONFor further information please contact the sole selling agentsRedpath Bruce LLP.

Particulars: These particulars are not an offer of contract, nor part of one. You should not rely on statements by Redpath Bruce LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Redpath Bruce LLP have no authority to make representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT position relating to the property may change without notice. May 2016.

Christian Brucecbruce@redpathbruce.co.uk0131 297 756107866 497 282

Andrew Haddenahadden@redpathbruce.co.uk0131 297 7562 07827 243 993

AquariusCourt

M90Rosyth

ForthRoadBridge

QueensferryCrossing(UnderConsruction)

FIRTH OF FORTH

A985 A921

ForthRailBridge

HMNavalBase

ForthPorts

NorthQueensferry

InverkeithingDalgety Bay

2

1

BUILDINGBLOCKSCHILDNURSERY

EUROPARCROSYTH Aquarius

CourtEUROPARC ROSYTHSAT NAV: KY11 2UU