Suite B, 2nd Floor, 2 Hawthorn Office Park, Stockman’s Way,

Accessed from the ground floor parking area, via a lift and stairs, the suite is arranged at 2nd and mezzanine levels and comprises a modern, fully fitted, self contained office suite providing a number of private offices, meeting rooms, general office, kitchen/ canteen and WC facilities. Tenant Covenant Dillon

Accessed from the ground floor parking area, via a lift and stairs, the suite is arranged at 2nd and mezzanine levels and comprises a modern, fully fitted, self contained office suite providing a number of private offices, meeting rooms, general office, kitchen/ canteen and WC facilities.

Tenant Covenant

Dillon Bass Ltd has 2 shareholders namely Irish Distillers and Hennessy and was formed in 1990 to market, sell and distribute wines and spirits within Northern Ireland. The company promotes well known brands such as Jamesons Whiskey, Powers, Pernod, Absolute and Cork Dry Gin amongst others.

Price

£450,000 reflecting an initial yield of 8.08% allowing for purchasers costs of 4.5% NAV: The property has been assessed to have an NAV of £26,500. Rate Poundage for 2011/12 is £ 0.5779

All prices and outgoings are exclusive of but may be liable to V.A.T.

Title

The property is held on a long term lease with provision for the landlord to recover a service charge contributing towards the upkeep and management of the complex. The property is let to Dillon Bass Ltd for a term of 15 years from 1 October 2004 at a rent passing of £38,000 pa with a rent review scheduled to occur 1 October 2014.The rent at review is to be the greater of the passing rent plus the Incremental increase in RPI or 115.93% of £38,000. By way of a side letter the tenant has an option to break on 1 October 2014 by giving 6 months prior notice.