New Geared Partnership Opportunity from

Custodian Capital, part of the Mattioli Woods group:

Commercial property for private investors in Dudley – FULLY SUBSCRIBED

The property is located in one of the largest towns in the West Midlands, Dudley. It is situated prominently at the entrance to Dudley’s prestigious Castlegate Business Park, a 47 acre business and leisure development adjacent to the town centre.

Investment summary:

• Brand new, modern specification hotel to be let to Premier Inn Hotels Limited for 25 years from June 2013
• Located on a highly accessible, modern business and leisure park
• Premier Inn Hotels Ltd is the largest subsidiary of Whitbread plc (FTSE 100), with a net worth of over £500 million
• Initial rent £239,400 per annum
• Rent indexed to the Consumer Prices Index, subject to an annual cap of 5% per annum, which will mitigate effect of inflation on real income
• Purchase price £3,620,415
• Initial debt of £1,415,000 repaid by 2022

Forecast returns:

• Geared partnership with and initial loan-to-value of 39%
• Loan subject to a base rate cap to mitigate effect of future interest rate rises
• Forecast total returns of 7.72% from 2014, rising to 8.5% from 2018*
• Forecast 75% increase in net asset value in first 10 years*
• Forecast distributable income of circa 9.5% from year 11*

Timing:

• Exchange of contracts took place on 25 Oct 2012
• Completion is scheduled for June 2013

Operation:

This partnership is operated by Custodian Capital Limited, part of the Mattioli Woods group, which has a £135 million nationwide portfolio of syndicated commercial property under management on behalf of over 1,000 investors.

Structure:

This partnership is defined by the Financial Conduct Authority (FCA) 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 Conduct Authority.

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