FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR

Page created by Vincent Lloyd
 
CONTINUE READING
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                 1

             UNIT 3, CARDINAL DISTRIBUTION PARK,   FREEHOLD DISTRIBUTION
             GODMANCHESTER, HUNTINGDON PE29 2XR    INVESTMENT FOR SALE
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                                                                                                                               2

INVESTMENT SUMMARY
▶   Prime freehold distribution warehouse         ▶   Very tight supply in Eastern Region for       ▶   Highly reversionary passing rent of            ▶   Should the property become available
    with excellent access to the A14.                 distribution units and growing demand             £1,157,572 per annum equating to only              to rent, based on an estimated rent of
▶   Established distribution location to the          due to accessibility to Port of Felixstowe,       £4.60 per sq ft.                                   £6.00 to £6.25 per sq ft the potential
    south of Huntingdon, adjacent to the              East, North, Midlands and London.             ▶   If available today we estimate the                 reversionary yield would be:
    A1307 (old A14) / A1198 interchange.          ▶   Well specified logistics unit totalling           quoting rent would range from £6.00 to
▶   Huntingdon in the Eastern region is               251,932 sq ft (23,405.3 sq m) on a self-          £6.25 per sq ft.                                    ERV              REVERSIONARY
    a desirable logistics destination for             contained site with security gatehouse.       ▶   We are instructed to seek offers in excess          (£ PSF)          YIELD (%)
    occupiers.                                    ▶   4.38 hectares (10.82 acres).                      of £22,830,000, subject to contract and             £6.00            6.2

▶   Substantial improvements to the A14           ▶   Let to DHL Supply Chain Limited (D&B              exclusive of VAT.                                   £6.25            6.45
    between Cambridge and the A1 have                 5A1) for a term of 10 years from 25 May       ▶   A purchase as this level reflects a net
    improved the congestion in this section           2017 expiring 24 May 2027 with a tenant           initial yield of 4.75% and a capital value
    of the A14. The Property’s accessibility is       break option on 24 May 2022. Contracted           of £90.62 per sq ft, after purchaser’s costs
    now greatly improved with direct access           outside the 1954 L&T Act.                         of 6.8%.
    on the A1307 leading to the A14 East to
    Felixstowe.
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                                                                                         3

                                                COMTEC         AR PACKAGING

                                    CO-OP            TRIM ACOUSTICS

             EAST TO FELIXSTOWE ▲

                 JUNCTION 24
                  CAMBRIDGE                                                                   SOUTH WEST TO A428 ▲
                   SERVICES

                                                                              NEW A14
                                                                                                                                  WEST TO BIRMINGHAM ▶
                   A1307
                                                                                                            JUNCTION 23

                                                                                                                          A1198

                                                          CAMBRIDGE
                               COBURN SLIDING              DISPLAY                   SMITH
                                  SYSTEMS                TECHNOLOGY                & NEPHEW

                                                                CAMBRIDGE     BAXI TRAINING
                                                SHELL PFS
                                                                 SENSORS         CENTRE
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
YORK

     M6                                                    A 1 (M)

M5 5
                     M6 5            BRADFORD
                                                  LEEDS

                                                                                    M6 2
                                                                                                      HULL
                                                                                                                                                                                      LOCATION                                                         4

                                    M62     HUDDERSFIELD
                      M66
              M 61
M58                                                                          M1 8
                                                                                                                                                                                      ROADS
                             M60                     M1
                                                                                    DONCASTER
                     MANCHESTER                                                                                                                                                       CITY                         DISTANCE (MILES)     DRIVE TIME
       M62                                                                A 1 (M)
                              MANCHESTER
                                                  SHEFFIELD                                                                                                                           London (M25)                 56                   1 hr 2 mins
       M 56                                                                                                                                                                           Birmingham                   85                   1 hr 28 mins
                                                                                                                                                                                      Milton Keynes                40                   50 mins
                                                                                                                                                                                      Sheffield                    116                  2 hr 6 mins
                                                                                                                                                                                      Leeds                        132                  2 hr 21 mins
                            STOKE-ON-TRENT
                                                                 NOTTINGHAM
                                                                                                                                                                                      Manchester                   164                  2 hr 59 mins
                            M6
                                                                                             A1
                                           EAST MIDLANDS

                                                                                                                                                                                      PORTS
                                                                 M1
                                                                                                                                                                       NORWICH                                     DISTANCE (MILES)     DRIVE TIME
                                                                          LEICESTER
                     WOLVERHAMPTON                                                                                                                                                    Port of Felixstowe           85                   1 hr 35 mins
                                                                                                                    HUNTINGDON                                                        Harwich International Port   92                   1 hr 42 mins
                                              BIRMINGHAM
                                                               M6
                        BIRMINGHAM
                                               COVENTRY
                                                                                                                                                                                      Port of Ipswich              71                   1 hr 27 mins
                                                                                           A14
                                                              M45
                                                                                                                                           A14
                              M5
                                                                                    NORTHAMPTON               A 42 8        CAMBRIDGE                                                 AIRPORTS
                                                                                             A 428
                                                                                      M1                                                                                                                           DISTANCE (MILES)     DRIVE TIME
                                                                                                  BEDFORD
                                                                                    MILTON
                                                                                    KEYNES
                                                                                                                                                                   IPSWICH            Heathrow                     80                   1 hr 31 mins
                     M50
                                                                                                        A1(M)
                                                                                                                                                                         FELIXSTOWE
                                                                                                                                                                                      East Midlands                80                   1 hr 26 mins
                                                                     M40                                                               STANSTED                      HARWICH
                                                                                                      LUTON
                                                                                                            LUTON
                                                                                                                                                                                      London Stansted              42                   46 mins
                                                                                                                           M1 1
                                                              OXFORD
                                                                                                                                                                                      London Luton                 49                   57 mins
                                                                                                                    M2 5

                                                                                                                                M2 5
                                                                                                                                                                                      RAIL
              BRISTOL
                                                                                                       LONDON
                                                                              READING                                  LONDON
          M 32                                              M4                                        HEATHROW          CITY
                                                                                                                                                                                      Huntingdon is on the London to Peterborough mainline,
                                                                                                                                  TILBURY

          BRISTOL
                                                                                                                                                                                      with a journey time of approximately 60 minutes.
M5
                                                                                                     M2 5

                                                                                                                                                  M2 0
                                                                     M3                                       M2 3                                       ASHFORD                      CARDINAL PARK
                                                                                                                                                                    DOVER

                                                                                                               GATWICK
                                                                                                                                                                                      Cardinal Park extends to approximately 42.5 acres. Other
                                                  M27
                                                                                                                                                                                      occupiers on the park include: Coop, AR Packaging, Comtec
                                                              SOUTHAMPTON
                                                                                                                                                                                      Cable Accessories, Trim Accoustics, Coburn Sliding Systems,
                                                                            PORTSMOUTH
                                                                                                                                                                                      Cambridge Display Technology, Smith & Nephew and Baxi
                                                                                                                                                                                      Training.
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                                                                                                                         5
                                                                           A1(M)

                                                                                                                                             B1090                    A141

SITUATION                                                                                         GREAT
                                                                                                STUKELEY

                                                                                        A1307
                                                                                                                                                                                            B1040
▶   The Property is prominently located just off the A1307 (old
    A14)
                                                                                                                                 HARTFORD
▶   Huntingdon is the largest market town in Cambridgeshire                                                  B1044
                                                                                                                                                     A1123
    with Godmanchester being one mile to the south.                                              A141                               B1514
                                                                                                                                                             WYTON
                                                                     A14                                                                                                          ST IVES
                                                                                                               HUNTINGDON
▶   Substantial improvements to the A14 between Cambridge                                                           HUNTINGDON

    and the Huntingdon costing £1.5bn allow goods to be
                                                                                                    B1514
    transported much more efficiently across the country.                          A1
                                                                                        BRAMPTON                    GODMANCHESTER
                                                                                                                                                                     HEMINGFORD
▶   Accessibility is now greatly improved with direct access on to                                                                              A1307                   GREY
    the A1307 leading to the A14 East to Felixstowe and West to
    the M1, M6 and Midlands via the A1198.
                                                                                                            A1043

▶   Immediate population of 25,000 and wider catchment of
                                                                                           A14
    185,000.
                                                                                                                                            A1198
                                                                              BUCKDEN
▶   The Property lies 16 miles north-west of Cambridge, 24 miles
    south of Peterborough, 85 miles east of Birmingham, 56 miles
    north of London and 84 miles west of Felixstowe Port.                                                                                                                                   A14

▶   Access to London via the uncluttered M11 and A1 are also
    seen as benefits over the often congested M1.

A14 IMPROVEMENT SCHEME
The new £1.5bn Cambridge to Huntingdon road improvement
scheme has significantly reduced drive times from the region to
the rest of the UK. Occupiers now have the best of both worlds,
being close to the ports and still being able to access the wider
distribution network. The A14 provides a vital road corridor
between the West Midlands and East Anglia and is of local,
regional, national and international significance.
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON   6
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                                                                                     7

DESCRIPTION                                                         ACCOMMODATION
The Property was developed in two parts, with half built            The Property has been measured      SCHEDULE OF AREAS:
in 1991 and then extended by Kingspark in 2000.                     by Plowman Craven. The benefit
                                                                    of the measured survey can          FLOOR                          AREA       AREA
Specification:                                                                                                                        (SQ M)     (SQ FT)
                                                                    be made assignable to the
                                                                    purchaser. The Property has been    Warehouse                     22,468.8   241,852
▶   Steel portal frame in two equal clear spans
                                                                    measured in accordance with the     Ground Floor Offices           387.7      4,173
▶   10m eaves                                                       RICS Code of Measuring Practice
                                                                    (6th Edition) on a Gross Internal   First Floor Offices            459.6      4,947
▶   Profile steel cladding to elevations and roof                   Area (GIA) basis :                  Second Floor Offices            89.2      960

▶   Inner blockwork to 2.25m                                                                            TOTAL                         23,405.3   251,932

▶   10% roof lights                                                                                     Additional Area (Excluded):

                                                                                                        Canopy                         1,009     10,862
▶   Floor loading of 50kN per sq m (1,045lbs per sq ft)

▶   10 tailgate loading doors with electrically operated dock
    Levellers to the North elevation

▶   6 sectional lift ground level loading doors to the South
    elevation

▶   Loading yard with parking and circulation on both north and
    south sides

▶   Loading bay canopy 15 metres deep

▶   Lighting and emergency lighting provided to the warehouse

▶   Separate parking for 196 cars (including 58 doubled up)

▶   Parking for 19 trailers

▶   Two storey office block clad in tinted glazed curtain walling

▶   Offices fully fitted with gas fired central heating, raised
    access floors with carpets, suspended ceilings with recessed
    lighting
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON   8
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                                                                                              9

TENANCY
The unit is entirely let to DHL Supply Chain Limited for a term 10
years from 25 May 2017 expiring 24 May 2027 with a tenant break
option on 24 May 2022 subject to 6 months notice. If the break is
not exercised the tenant benefits from 2 months rent free.

Passing rent is £1,157,572 per annum (equating to only £4.60 per
sq ft).

The lease is drafted outside of the security of tenure provisions
of the Landlord and Tenant 1954 Act on a full repairing and
insuring basis.

There is an upwards only rent review to Market Rent is on 25 May
2022 assuming a hypothetical term of 10 years from the review
date on the same terms as the current lease with the benefit of
two break options exercisable at the end of the 3rd and 5th year.
                                                                     TENANT COVENANT

ESTATE SERVICE CHARGE                                                DHL Supply Chain limited (co number: 00528867) has a Dun and Bradstreet rating of 5A1,
                                                                     and presents a low risk of business failure.

                                                                     Its latest set of accounts are shown below.
There are two estate management companies on Cardinal
Park and this unit straddles both. The total estate management                                                     31-12-2019      31-12-2018        31-12-2017
charge for the last year was £46,229.06 equating to just over                                                        (£000’s)        (£000’s)          (£000’s)
18 pence per sq ft. Full service charge information available        Sales Turnover                                 3,034,233        3,271,825         3,150,192
in the Dataroom.
                                                                     Profit (Loss Before Taxes)                      135,494            3,865            78,899

                                                                     Tangible Net Worth                              398,687          361,749          436,046

                                                                     Net Current Assets (Liabilities)                425,159          378,914           424,236
FREEHOLD DISTRIBUTION INVESTMENT FOR SALE - UNIT 3, CARDINAL DISTRIBUTION PARK, GODMANCHESTER, HUNTINGDON PE29 2XR
HUNTINGDON                                                                                                                                                                             10

OCCUPATIONAL MARKET
There has been a fundamental change in the dynamic             Prime rents in the Golden Triangle are at £7.25–7.50 per                Breaking this down, 45% were between 100,000–200,000
of the logistics and industrial market across the Eastern      sq ft for units of over 100,000 sq ft. Rents for comparable             sq ft in size, 22% 200,000–300,000 sq ft and 11% 300,000–
Region in recent years. The Golden Triangle is gradually       grade A units in the Eastern Region have only recently                  400,000 sq ft. 22% of transactions involved units over
losing its unchallenged status as the go-to location for big   reached £6.00 per sq ft and whilst this does not seem a                 500,000 sq ft in two transactions, the most recorded in any
sheds, as online retail is reshaping the geography of the      big differential, for larger units, this offers a considerable          year demonstrating the rising occupier demand for larger
logistics market. To establish quicker and more efficient      saving to bottom line property costs.                                   units.
delivery service into stores and customers, companies are
now focussing their final mile delivery centres closer to      There is a compelling case for the availability of labour               Demand has stemmed from a diverse mix of tenants.
major population centres.                                      in the Eastern Region, which has been a major factor for                Food manufacturers accounted for the largest proportion
                                                               numerous operators choosing to take space along the                     of take-up at 34%, followed by 3PLs at 31% and online
This has made occupiers begin to question their logistics      A1 and A14 corridors.                                                   retailers at 13% with the balance spread evenly across
requirements, with the Eastern Region now benefitting                                                                                  other industries.
from the resultant fallout, as it can provide many of the      The COVID-19 crisis has seen a notable increase in
solutions to their problems.                                   demand for larger requirements and 2020 saw a
                                                               record-breaking year for take-up across the Eastern
                                                               Region with a staggering 3.8m sq ft of transactions
                                                               of units > 100,000 sq ft.

RECENT LETTING TRANSACTIONS

DATE              ADDRESS                                                       TENANT                   AREA                    RENT          TERMS
                                                                                                        (SQ FT)                  (PSF)

Under offer       G385, Gateway, Peterborough                                 Confidential              386,453                  £6.00         20 year lease

Q1 2021           MPS 4, Magna Park, Lutterworth                               Movianto                  98,844                  £6.75         10 year lease

Q1 2021           Magna 425, Magna Park, Lutterworth                            Primark                  425,952                 £6.50         5 year lease on second hand unit

Q1 2021           G226, Gateway, Peterborough                                   MH Star                  227,234                 £6.00         15 year lease (break at year 10)

                                                                                                                                               Bespoke 15 year pre-let for last mile warehouse.
Q1 2021           Plot 112, Gateway, Peterborough                             Amazon UK                  121,000                c. £18.00
                                                                                                                                               16 acres with triple deck car park.

Q4 2020           Huntingdon 129                                                 FedEx                   129,375                 £6.25         15 year lease on refurbished second hand unit

Q4 2020           Port One Logistics Park, Gt Blakenham                      FDS Logistics              143,000                  £6.25         20 year lease

Q4 2020           Kingston 189, Peterborough                                 Taylor Wimpey               189,382                 £5.50         10 year lease

Q2 2019           SP147, Suffolk Park, Bury St Edmunds                      Unipart Logistics            147,000                 £5.95         25 year lease (break at years 15 & 20)
HUNTINGDON                                                                                                                                                                        11

INVESTMENT COMMENTARY
Given the level of uncertainty and volatility the global          The sector had been experiencing increasing demand in        Despite Brexit and the various national lockdowns that
Covid pandemic has placed on the economy, the                     recent years due to the growth in e-commerce, however,       have proved difficult for many other sectors, the logistics
importance of supply chains and the need for the logistics        the pandemic has caused many companies to significantly      sector has continued to perform strongly, both in terms
property sector has never been so apparent.                       increase their capacity due to the boom in online            of occupiers still able to operate their businesses and
                                                                  shopping.                                                    with heightened investor demand, driving yields down for
                                                                                                                               logistic assets.

PROPERTY                              TENANT                              AREA                LEASE TERMS                   DATE               PRICE                           PURCHASER
                                                                         (SQ FT)                                                              (YIELD)

Park Farm, Wellingborough             Booker Retail Partners GB Ltd      267,375             6 years to expiry         May 2021           £30.75m (5.36%)                      Confidential

Royal Mail, Peterborough              Royal Mail Group                    207,161           10 years to expiry         May 2021           £22.08m (3.9%)                        Exchanged

Manton Lane, Bedford                  AF Blakemore                       164,850            20 years to expiry         March 2021         £27.5m (3.79%)                            CBREGi

Royal Mail, Wakefield                 Royal Mail                         215,728             4 years to expiry         March 2021          £26m (4.05%)                     Kennedy Wilson

                                      Hubbard Products
Futura Park, Ipswich                                                     80,000             20 years to expiry         March 2021          £11.6m (4.5%)           BMO Real Estate Partners
                                      (Guarantor: Daikin Europe NV)

Restore PLC, Coventry                 Restore PLC                        146,521            3.6 years to expiry        Dec 2020            £17.1m (4.72%)                 Hines Global REIT

                                                                                           Lease expiry in 2021.
Weston Avenue, West Thurrock          Marks and Spencer                  250,000                                       Dec 2020            £38m (4.35%)                       Mirastar REIM
                                                                                           Annual fixed uplifts

Victoria Plum, Doncaster              Victoria Plum                       277,232          4.25 years to expiry        Dec 2020           £24.75m (4.72%)                            Exeter

                                                                                          02/2030 lease expiry.
Marsh Leys, Bedford                   Sainsburys                         432,746                                       Nov 2020           £90.5m (3.52%)                         BlackRock
                                                                                       Rent review RPI linked (2/4%)

Stratton Business Park, Biggleswade   CEF                                 115,952           25 years to expiry         June 2020          £33.7m (4.16%)     Aberdeen Standard Investments
HUNTINGDON   12
HUNTINGDON                                                                                                                                                                                        13

                                TENURE                                                                           SITE                                                       FURTHER INFORMATION
                                Freehold.                                                                        4.38 hectares (10.82 acres), giving a site cover of 53%.   EPC

                                                                                                                 The tenant operates the site as one direction with         Available on request and via the data room.
                        27
                                                                                                                 a separate in and out.
                                 33
     K IS B
              Y AV
                     E NU
                            E
4

                   20                                                                                                                                                       VAT

                                                                                                             1
                                                                                                                                                                            The Property is elected for VAT. It is assumed this transaction
              22

                                                                                          CA
                                                                                                                                                                            will be dealt with by way of a transfer of a going concern.
                                                                                              RD
                                                                                                  INA

                                                                                                                         3
                                                                                                     LW
                                                                                                        AY
                                                                           11
                                                     10

                                                                      12

                                                                                                                                                                            RATEABLE VALUE
                                                 9

                                                                  8

                                                                                                                                                          1
                                                                                                                                                                            The Rateable Value for the Property is £849,005.
                                                              7

                                                                                                                                                                            DATA ROOM
                                      4

                                                                                                                                                                            Access can be granted upon request.
                                                          1
                                                                                                                                       Y
                                                                                                                                    WA
                                                                                                                                RT

                                                                                                                                                                            AML / KYC
                                                                                                                               HO
                                                                                                                               CO

                                                                                                                                                                            Prospective purchasers will be asked to produce identification
                                                                                                                                                                            of the intended Purchaser and other documentation in order to
                                                                                CE
                                                                                  NT
                                                                                                                                                                            support any conditional offers submitted to the vendor. Bidwells
                                                                                     UR
                                                                                       IO
                                                                                          N
                                                                                              W
                                                                                               AY
                                                                                                                                                                            LLP accepts no liability of any type arising from your delay or
                                                                                                                                                                            other lack of co-operation.

TE
     RW
       AY

                                            Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the
                                            sanction of the controller of H.M. Stationery Office. Crown Copyright reserved.
HUNTINGDON                                                                                                                                                                                                         14

ASSET MANAGEMENT                                              CONTACTS
▶   If DHL do not exercise the break clause, implement        Should you have any queries or wish to make an inspection, please contact:
    2022 rent review and increase rental income with
    5 years remaining on the lease.

▶   If DHL decides to vacate, secure dilapidations
    settlement, refurbish and re-let to maximise rental
    value in supply constrained market.

                                                              James Keys                                                Lucy Young                                                 Saul Western
                                                              james.keys@bidwells.co.uk                                 lucy.young@bidwells.co.uk                                  saul.western@bidwells.co.uk
                                                              07771 997374                                              07880 005802                                               07899 061889

PROPOSAL                                                      Bidwells
                                                              25 Old Burlington Street
                                                              London W1S 3AN
                                                              Tel: 020 7493 3043
▶   We are instructed to seek offers in excess of
                                                              bidwells.co.uk
    £22,830,000, subject to contract and exclusive of VAT.
▶   A purchase as this level reflects a net initial yield
    of 4.75% and a capital value of £90.62 per sq ft, after
    purchaser’s costs of 6.8%.
▶   Should the property become available to rent,
    based on an estimated rent of £6.00 to £6.25 per
    sq ft the potential reversionary yield would be:

                                                              IMPORTANT NOTICE
    ERV               REVERSIONARY                            Bidwells LLP act for themselves and for the vendors of this property, whose agents they are, give notice that:
    (£ PSF)           YIELD (%)                               Nothing contained in these particulars or their contents or actions, both verbally or in writing, by Bidwells LLP form any offer or contract, liability or implied
                                                              obligation to any applicants, viewing parties or prospective purchasers of the property to the fullest extent permitted by law and should not be relied upon
    £6.00             6.2                                     as statements or representative of fact. No person in the employment of Bidwells LLP or any joint agents has authority to make or give any representation or
                                                              warranty whatever in relation to this property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only,
    £6.25             6.45                                    may not be to scale and are not necessarily comprehensive. No assumptions should be made that the property has all necessary planning, building regulation
                                                              or other consents. Bidwells LLP has not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or
                                                              otherwise. All rentals and prices are quoted exclusive of VAT unless otherwise stated.

                                                              Prospective purchasers will be asked to produce identification of the intended Purchaser and other documentation in order to support any conditional offers
                                                              submitted to the vendors. Bidwells LLP accepts no liability of any type arising from your delay or other lack of co-operation. We may hold your name on our
                                                              database unless you instruct us otherwise.

                                                              OS licence no. ES 100017734. © Copyright Bidwells LLP 2017. Bidwells LLP is a limited liability partnership registered in England and Wales (registered number OC
                                                              344553). Registered office is Bidwell House, Trumpington Road, Cambridge CB2 9LD where a list of members is available for inspection. Your statutory rights are
                                                              not affected by this notice. June 2021    www.cube-design.co.uk (Q4774)
You can also read