New Income Partnership Opportunity from

Custodian Capital, part of the Mattioli Woods group:

Commercial property for private investors in Macclesfield

The property is situated in a prime location, immediately south of Macclesfield town in an area considered to be the principle location for retail warehouse occupiers with nearby occupiers including Halfords, B&Q and Topps Tiles, amongst others.

Investment summary:

• The property is let to Travis Perkins (Properties) Ltd (t/a Tile Giant) and Dreams plc
• Located 40 metres south of the A538 (Churchill Way)
• The property comprises a single storey, retail warehouse split to create two separate units
• Purchase price £2,075,000
• Total passing rent £150,000 per annum
• £308,750 of initial fixed price debt to be fully repaid by the end of year three
• Rental growth has been modelled at 2% per annum (which is the minimum increase for the Dreams plc lease until 2022) throughout the 20-year forecast period
• Macclesfield is an affluent market town with excellent transport communications

Forecast returns:

• Distributions to commence in year four, with a projected initial income of over 7.0%*

Timing:

• Exchange of contracts took place on the 21st December 2011
• Completion is scheduled for the 10th February 2012

Operation:

This partnership is operated by Custodian Capital Limited, part of the Mattioli Woods group, which has a £110 million nationwide portfolio of syndicated commercial property under management on behalf of over 1,000 investors.

Structure:

This partnership is defined by the Financial Services Authority (FSA) as an unregulated collective investment scheme (‘UCIS’). This information is intended for the sole use of investment professionals falling within article 14 of the Financial Services and Markets Act 2000.

Further information:

Prospective investors and their appointed representatives who are interested in this investment model must seek their own independent financial advice from an appropriate adviser who is authorised and regulated by the Financial Services Authority.

*These figures are estimated returns for illustrative purposes only, actual returns may differ.