OFFICE INVESTMENT FOR SALE

PGS COURT, HALFWAY GREENWALTON-ON-THAMES KT12 1RS

• Headquarter Office Building set within 1.6 acres • 172 Surface Car Spaces – Added Development S.T.P.• 31,236 sq ft (2,900 sq m )• Producing£696,495p.a excl• Net Yield 7%

© Collins Bartholomew Limited (2005); Reproduced by Permission of HarperCollins Publishers Limited

LOCATIONLocated a short walk from Walton over ground railway station with travel distance less than 30 minutes to Waterloo. A3 junction 11 on to the M25 is closeby.

DESCRIPTIONPGS Court is a 3 storey, late 90's office headquarter building, comprising over 31,000 sq ft.

TENANCY DETAILSCurrently let to PGS Exploration (UK) Ltd and Petroleum Geo-Services (UK) Ltd with a parent company guarantee for a term of 20 years on FRI Lease with 5 yr reviews from 03/12/1997. The current rent is £696,495 p.a excl with the next review on the 03/12/2012. Break Clause 03/12/2012.

AMENITIES• Good access to London/M25• Excellent condition• Good natural light• Air conditioning• Full raised floors

PLANNING CONSENT IN CAR PARKPlanning consent now expired to erect a further 24,500 sq ft of offices in the car park which could be reactivated. Alternatively, a 24 up to 32 unit flat development subject to planning be sought.

TENUREFreehold.

ACCOMMODATIONReception: 1,026Ground: 9,386First: 10,412Second 10,412

Total 31,236 sq ft

PRICE£10 million pounds.

YIELD ATTRACTIONTo show a net initial return of 7%

VATVAT is applicable.

RATESR.V £ 467,500.

LEGAL COSTSEach Party to bear their own costs.

VIEWING THROUGH SOLE AGENTSStrictly by appointment:-

Ref JJK/BBCOMMERCIAL DEPARTMENT 24 HIGH STREETWIMBLEDON LONDON SW19 5DXTEL: 020 8971 4999

Quinton Scott Limited for itself and for the vendors or lessors of this property whose agents they are give notice that:(i) VAT may be applicable.(ii) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of,

an offer or contract(iii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith

and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

(iv) No person in the employment of Quinton Scott Limited has any authority to make or give any representation or warranty whatsoever in relation to this property

September 2009