Northumbria Police Portfolio Sale Data Room

Welcome to the on-line data room for the sale of the ‘Northumbria Police’ telecommunications property portfolio, consisting of eight high quality tower sites in six locations.  The properties comprise four freehold and two leasehold only properties. Total income (before rent costs) is approximately £117,000 per annum.

Viewings are to be arranged initially via Cell:cm Chartered Surveyors (Newcastle Office) subject to at least seven days’ notice.

Potential purchasers may use the information provided in this data room when considering their bids. Whilst every care has been taken to confirm the information within this data room is correct, no warranty is provided or implied as to its accuracy at this stage. Interested parties should satisfy themselves of the details of the legal agreements at the properties and the associated income.

The vendor wishes to dispose of the whole portfolio in a single transaction. We are inviting offers to purchase the portfolio of all eight assets as a whole. No lotting will be considered. Offers should be delivered to Cell:cm Chartered Surveyors, i4 Quayside, Newcastle upon Tyne, NE6 1LL by midday on Friday 14 October 2016.

No offers received after this time will be considered. All offers will be deemed to be subject to contract unless otherwise labelled.

Offers should be unconditional and include details of:

(i) The offeror;

(ii) The eventual buyer (if different to the offeror – for example if a new company is to be established for this purchase);

(iii) How the purchase is to be funded and supporting documentation of that;

(iv) The offeror’s solicitors’ details;

(v) Confirmation that the offeror is able to meet with an exchange deadline of four weeks from instruction of the vendor’s solicitor’s and completion two weeks after that.

The vendor is under no obligation to accept any offer.

Once the bidding process is complete the preferred bidder (if any) will be expected to be in a position to exchange contracts within four weeks of the instruction of solicitors.

Please address any questions to:

Richard Nelson

A: Cell:cm Chartered Surveyors, i4 Quayside, Newcastle upon Tyne, NE6 1LL

E: richard.nelson@cellcm.co.uk

T: 07841410087