Page 11 - Freehold Sales Document VER 3.1_Neat

GUIDELINE PROPERTY PRICE
The guide purchase price for ‘This Site’ is directly correlated to the potential residual value to Monkey Puzzle Holdings Ltd, The
intrinsic value that could be achieved from the development and subsequent sale of 14 apartments using the plans herein and
therefore with the aforementioned in mind offers must reflect an inbuilt ‘incentive’ for Monkey Puzzle Holdings Ltd not to
develop ‘The Site’, in favour of the disposal of ‘The Site,’ as a single transaction.

In Summary: The gross GDV for the development is circa £7.15million, build costs Circa £2.4Million utilising between 70%‐
80% of the existing building structure, this equates to a Gross Total Pre‐tax profit circa £4.75Million at today’s rising
market prices.

In order to realise the value of ‘The Site’ and consciously factoring the benefits of the proposition ‘single‐transaction’, we
would respectfully ask that the offers to be directly correlated to the post development valuation and associated potential
gross profits, with a view to promoting the incentivised single transaction option disposal, therein negating the need to develop
'The Site', eliminating the protracted build, marketing and sales phases of the development of 'The Site' and further removing
any inherent risks with all of the above in mind we would welcome any offers for the freehold sale price of £3.6Million O.V.N.O
(Zero Vat Rated) any offers at the full asking price would see 'The-Site' taken off the market, subject to the standard form
deposit and exchange of contracts.

MONKEY PUZZLE HOUSE VIEWINGS
Monkey Puzzle House is currently fully occupied by 6 commercial tenants and we are aware that with the current level of
interest we do need to ensure and I must strive to avoid undermining the confidence of any current tenants with a stream of
viewings for prospective buyers, therefore I would ask that any viewings are strictly by appointment and that discretion is will
be the guiding principle at all points-of-contact, Thank You in anticipation of your co-operation.

 B1 OFFICE USE CERTIFICATION ‐ 15/00578/CLD
 GRANT OF PRIOR APPROVAL FOR PERMITTED DEVELOPMENT – 16/01179/PDO
 FULL PLANNING APPROVAL – GRANT PLANNING PERMISSION ‐ 17/00366/FUL

 MONKEY PUZZLE HOLDINGS LTD
‘The Site’ has been owned as Freehold by Monkey Puzzle Holdings Ltd since December 2015.
Monkey Puzzle Holding is the ‘Parent Company’ of Monkey Puzzle Marketing Ltd.

 PLANNING APPROVALS & ASSOCIATED DOCUMENTS, SURVEYS & GRANTS
Since the purchase of ‘The Site’ by MP Holdings in December 2015 ‘The Site’ has been systematically ‘groomed’ for p
rime residential development, acquiring the necessary grants and planning permissions for the purpose of:‐

 MONKEY PUZZLE HOUSE RENT SCHEDULE 2022
Monkey Puzzle Marketing Ltd occupies the ground floor of the 2 storey site, 6 other small businesses,
st
occupy the 1 floor. Each business is on short term lease with a rolling mutual break clause with 90 days’ notice. All
leases are certified, outside the Landlord and Tenant Act 1954 (security of tenure) comprehensively, excluded in
relation to their right to any statutory ongoing tenancies has been removed.

 Rental Income Circa £200,000per annum, gross profit circa £60,000

8