St. Margaret Grantham Limited Partnership

• Investment Fund: Term 9/2007 to 3/2012.

• 19 investors. Equity at launch £1.08m.

• RBS debt (capped rate) £1.41m from 12/2007.

• Let to Dunelm Soft Furnishings with a little under 20 years unexpired on the lease.

• Anticipated return of 8.3% per annum IRR (£1 to rise to £1.43).

• Acquisition completed on 21st December 2007.

• Loan to value circa 55% at 12/2007.

• A Limited Partnership structure.

• Low base rent and opportunities to restructure tenure.

For further information please contact evolve