MetQuarter Liverpool by Creativeworld

The MetQuarter presents a unique, high quality, premium brand shopping environment at the heart of the fashion focused City of Liverpool

Investor Opportunity

A Transformed City

A Northern Powerhouse

Well Connected

Thriving Economically

Liverpool Spirit

Liverpoolâ&#x20AC;&#x2122;s Retail Scene

The MetQuarter

Tenure

Tenancies & Income

Future Growth Potential

Management & Service Charge

Proposal

Contacts

INVESTOR OPPORTUNITY • The MetQuarter presents a unique, high quality, premium brand shopping environment at the heart of the fashion focused City of Liverpool. • A major centre in the UK’s second largest regional economy. • Liverpool offers one of the most exciting real estate investment environments in the UK with an unprecedented level of public and private-led urban regeneration and development initiatives. • A retail catchment of 3.75 million with a total population of 6.2 million people within an hour drive time. • Major national and international tourist destination with 5.8 million visitors with an annual tourist spend estimated at £3.64 billion. • Freehold, island site of 0.70 hectares (1.73 acres) in the heart of the city centre. • Stunning accommodation of 11,994 sq m (129,000 sq ft), offering 44 retail and restaurant units over two trading levels. • Aspirational tenant mix including Armani Exchange, Hugo Boss, Jack Wills, Mococo, Illamasqua, Gieves & Hawkes, Jo Malone and MAC. • Turnover performance demonstrates the inherent trading potential of the centre. • Opportunity to unlock enormous reversionary potential. • Current gross income of £2,568,851 per annum with current passing net income of £1,514,962 per annum. • Business plan estimated rental value of £2,819,231 per annum with turnover lease provisions providing further upside income potential. • Weighted Average Unexpired Term to break 5.2 years. • Offers in excess of £20,000,000 are sought for the freehold interest. • An initial yield of 7.16% rising to a reversionary yield of 13.21% assuming purchaser’s costs of 5.80%. • Corporate sale available.

Liverpool is a city where fashion, music and culture collide to create a unique energy and independent spirit

A TRANSFORMED CITY Liverpool is a transformed city where the momentum for further change and inward investment is continuing to build. Liverpool is the UK’s 5th largest city. It is a major centre in the UK’s second largest regional economy, the North West, which has a population of 7 million people [Census, 2011].

the highest concentration of listed buildings in the UK outside of London and Bath. The city attracted 5.8 million tourists in 2013, generating £3.64 billion for the economy.

The Liverpool City Region accounts for 2.3 million people but has a broader catchment of 3.75 million [Retail Footprint, 2012] and a population of 6.2 million people within a one hour drive time [Invest in Liverpool, 2014].

Liverpool boasts a strong economy housing a number of the UK’s leading corporations as well a number of emerging high-value industry clusters.

Liverpool is a cosmopolitan city with a thriving arts and cultural scene. Its waterfront holds UNESCO World Heritage status and the city has

The City has seen an extraordinary transformation with an unprecedented level of inward investment. The city thrived as European Capital of culture in 2008 and with

an unprecedented level of further public and private-led investment and urban regeneration, Liverpool offers one of the most exciting real estate investment opportunities in the UK.

A NORTHERN POWERHOUSE In January 2015, the Prime Minister and Chancellor set out their six point, long-term economic plan for the North West to build a northern powerhouse. 1 To increase the long term growth rate of the North West. A northern powerhouse, which could generate an ÂŁ18 billion real terms increase in the size of the North West economy by 2030. 2 To raise the employment rate in the North West to that of the UK average. 3 To deliver the largest ever and most sustained investment in the long term transport infrastructure of the North West. 4 To make the North West a global centre of outstanding scientific innovation. 5 To raise the quality of life in the North West. 6 To give greater power and voice to the great cities and counties of the North West.

WELL CONNECTED Liverpoolâ&#x20AC;&#x2122;s geographic location combined with its world class transport facilities makes it one of the best connected cities in the UK with easy access to Europe and the rest of the world. Glasgow

Travel times by Road Chester

Newcastle

Belfast

40 minutes

Manchester

LIVERPOOL

52 minutes

Preston

57 minutes

Leeds

Manchester

Birmingham

1 hour 28 minutes

Birmingham

1 hour 44 minutes

Travel times by Rail

Cardiff

41 minutes

Preston

58 minutes

Leeds

1 hour 30 minutes

Birmingham

1 hour 44 minutes

London

2 hours 10 minutes

0 mins

Liverpool John Lennon Airport

LIN 125 MINS BER

Air Travel

London

Liverpool is equidistant from both London and the major Scottish metropolitan areas

Manchester 32 minutes Chester

Edinburgh

15 MINUTES

drive time from Liverpool city centre

served

H 70 MINS URG INB ED INS M

50 1h

S MIN 40 RS S IN

6 hrs

45 MINUTES

drive time from Liverpool city centre 3 hrs

9 hrs

Manchester International Airport

hrs

0 hr

hrs

RS 30 MINS 12 H ING J I BE

DU B RK 7 HRS AI 8 W YO 55 H NE M NS MI

60 mins

INS 90 M RIS PA

60 DESTINATIONS

FURT 1 H ANK R4 FR 0

Liverpool benefits from two international airports including the UKâ&#x20AC;&#x2122;s third largest within a 45 minute drive time

annual passengers

DUBL IN 55

4 MILLION

22 MILLION

annual passengers

200 DESTINATIONS served

In addition, its deep water port makes it a major centre of transatlantic and international trade

Cruise Terminal

Shipping Freight

Merseyrail

• Voted “Best Port of Call” by Cruise Critic in 2013 and 2014

• The largest Freeport in the UK

• One of the most heavily used railway networks in the UK outside of London

• 47 vessels in 2014

• £300 million investment in the deep water facility Liverpool 2 due for completion by the end of 2015 and will make Liverpool one of the largest and busiest freight ports in Europe

• 55,000 tourists

• Handling 70% of the North West’s freight

• 67 stations, 75 miles of route, including 6.5 miles underground • 100,000 passengers per day

THRIVING ECONOMICALLY

Liverpool is a major centre within the UK’s second largest regional economy, which has a population of 7 million people, an economy worth more than £121 billion and housing 252,000 businesses. Liverpool has a diverse and growing economy across many sectors encompassing education, science, TMT, financial services, manufacturing, shipping and tourism. The city is strongly connected to global markets with many multinationals having a significant presence in Liverpool including Barclays, Deutsche Bank, KPMG, Unilever, Jaguar Land Rover, Maersk and Novartis.

With a forward thinking civic leadership, entrepreneurial developers and an unmistakeable drive to become one of Europe’s leading cities, Liverpool is also witnessing major urban regeneration and infrastructure development. A number of these include: • Peel Group’s £350m Post-Panamax freight terminal known as Liverpool 2 due for completion late 2015. • Port of Liverpool capacity expected to increase by 115% when open. • The ‘Ocean Gateway’ involving the renaissance of the River Mersey and Manchester Shipping Canal with a vision is to maximise the potential of the North West as a globally significant region and major driver of the UK economy.

Education Sector • Liverpool has three universities, a student population of 70,000 and produces approximately 18,000 graduates per year. • The University of Liverpool is one of the UK’s top research universities. It collaborates with industry worldwide having doubled its £123 million research budget. • Strong links with Shanghai Campus in China.

Life Sciences Sector and Biopharmaceutical Sector • £1.5 billion in products and services produced each year plus the largest biopharmaceutical cluster in Europe and home to the National Biomanufacturing Centre with over 90 life science companies.

TMT Sector

Financial Services Sector

• Growing cluster of creative and digital businesses employing almost 50,000 people within the gaming, digital media and design industries. Leading companies include Mando Group, Lime Studios and New Mind.

• One of the largest wealth management centres outside of London.

Deep Water Port and Freight Hub

Well positioned for high value Manufacturing

• The largest Freeport in the UK. • 5 of the 6 largest shipping lines have their largest UK bases in Liverpool.

• As part of the UK’s largest manufacturing region the Liverpool City Region has a diverse mix of companies including Jaguar Land Rover, Unilever, Pilkington, Ineos and Astra Zeneca alongside Getrag, Johnson Controls, ABB as well as innovative SME’s, engineering and fabrication companies and manufacturing start-ups. • 50,000 staff in 3,000 companies and contributing £3.2 billion to the Liverpool economy.

Tourism Sector • Liverpool’s waterfront was granted UNESCO World Heritage Status in 2004. • The city has the largest collection of national museums and galleries outside of London and the highest concentration of listed buildings outside of London and Bath. • It was the European Capital of Culture in 2008. • Liverpool attracted 5.8 million tourists in 2013.

MOSS ST DAU BLY ST ST

M OU NT PL EA SA NT

MUL LBERRY

HOP E ST

HOPE ST

ITT

Y ST

LQ U CO

GR OVEST

ST ER T

CO NC

ER SL AT ST

E ST

F AL

KNE R

MYRTLE ST

FALKNER S T

CANN ING ST

ER SQ F ALKN

E FAL KN ISS ON HUSK

R SQ

ST NT S L IAME R PAR UPPE

E ST GROV

CONVENTION CENTRE

L DE

T ST

GREAT GEORGE ST

WAPPING DOCK

KNI GH

MYR TL

C AL EDO NIA ST

G RO VEST

NG PPI

OXFO RD ST

C ATH AR IN EST

RODNEY

ST T ES

BROWNLOW

E ST LIM

EL ST YO RK

AS PL

CH AP TE ST

WH I

MSON

W ILLIA

PA R A D IS E S T

RR FO

I NH

ECHO ARENA

CHINA TOWN UP

SAN

B ERR

ST N AR EB TH TI

USE

E AN

RY S

L LL HA

HEN

PADD INGTON

CENTRAL

HILL

C R OWN

BROW MO UN TP

LEA

ASHTON ST

NE WTON ST

ROPEWALKS KE S T

PA LL

T WS

T SAL ST

WAPPING BASIN

BROWNLOW NLOW HILL

HA NS

DOVE R ST

L HIL

DU GY

SALTHOUSE DOCK

GOWER

BO OO

LAGH

RANE

NE ST

PLAC

JOHN TRANSPORT INTERCHANGE

T RS

GE’S

HOR

EOR

R KE

SOUTH

D AN TR ES TH

G PL

CANNIN

QU TLEY

ST G

CHUR

CH ST

CHAVASSE PARK

LORD ST

LIO

SKEL

RB Y ST

ST JOHNS CENTRE

WILLIAMSON SQUARE

W EST DE

SEY

’ HN

L HA

LORD ST

CANNING DOCK

ALBERT DOCK

S OS

HARRINGTON ST

LSON ST

ST PRESCO T

LONDON RD L ORD NE

LIME STREET

LIVERPOOL ONE

WAT E R F R O N T H AR

D MUSEUM OF LIVERPOOL

ISL

A HE

YS LE

IER

JAM

ST JAMES

COO

MATHEW ST

JOHN

TLE

ICK

GE OR

ICK

CAS NW

CUNARD BUILDING

AN ST

QUARTER

RIA

VIC

ST JOHN’S GARDENS

DON LON

CAVERN

SW UN

THE PORT OF LIVERPOOL BUILDING

MF RU

T WA

ROYAL LIVER BUILDING

N ST

E PD

PIER HEAD FERRY TERMINAL

ST LE DA

RTO NO

L X BI

QUA

C ES PRIN

CH S T NI

ON TT HA

NEW

QUARTER

WILLIAM BROW

MOORFIELDS

ING

ISL

ST GEORGE’S

WORLD MUSEUM

LOW HILL

S ST

BUSINESS

EL AP

RD ICK SW UN BR ER SKIN E ST

ISLINGTON

HUNTER ST

C ROSS HALL

CENTRAL DISTRICT

W ST SHA

2 18 B5

UNIVERSITY QUARTER

BAT

PRINCES DOCK

Y ST RBUR C ANTE

LIVERPOOL JOHN MOORES UNIVERSITY

O ST SOH

LEEDS

PAISLEY ST

ECHO ARENA

WATERLOO RD

CONVENTION CENTRE

MUSEUM OF LIVERPOOL ALBERT DOCK CENTRAL BUSINESS DISTRICT

LIVERPOOL ONE

CAVERN WALKS

MOORFIELDS STATION

CHURCH STREET

WORLD MUSEUM

LIVERPOOL CENTRAL

CLAYTON SQUARE

ST JOHNS CENTRE

LIME ST STATION

LIVERPOOL

SPIRIT

Liverpool is a city where fashion, music and culture collide to create a unique energy and independent spirit. A compact city with a new found confidence, ambition and dynamism. Liverpool is a serious cultural player on the world stage. The city is home to the Liverpool Biennial of Contemporary Art, the largest collection of museums and galleries outside of London, the acclaimed Everyman Theatre and a rich and diverse musical heritage. Little wonder it is the fifth most visited UK city by overseas visitors attracting approximately 5.8 million tourists annually. From football loving weekend Scandinavians, to cruise lining Americans and Beatle-mad fans, Liverpool continues to be sampled and savoured by a global audience. Liverpool has a buoyant fashion market with the city’s retail footprint the fifth largest in the UK and household spending on clothing and footwear above the UK average (CACI 2013). Liverpool’s catchment contains nearly 1.5 million people with an annual comparison goods expenditure of £7.2bn, making it the second highest ranking centre in the North West.

Blackpool

M55

Preston

Primary

Southport

Tertiary Quaternary

Conwy Bangor

Prestatyn Colwyn Bay Abergele

Birkenhead

Kirkby

M53

Flint

Oldham M60

M62

Warrington

Manchester

Salford

M67

Sale

Cheadle Manchester

M56

Knutsford

M56

Northwich M6

Chester

Sandbach

Wilmslow

Macclesfield

Buxton

Congleton

Matlock Leek

Crewe Wrexham

Stocksbridge Glossop

Stockport

Altrincham

Widnes

Runcorn

Ellesmere Port

Huddersfield

Bury

M60

St Helens

LIVERPOOL

M62

M66

Bolton

Wigan

Liverpool

Rhyl

Rochdale

M61

Leeds

Brighouse

Rawtenstall

Skelmersdale

M58

Crosby Bootle Wallasey

Llandudno

Ormskirk Formby

Todmorden Halifax

M65

Leyland

Bingley

Bradford

Burnley

Blackburn

Lytham St Anne's

Secondary

Keighley

Clitheroe

RETAIL FOOTPRINT CATCHMENT

Nantwich

Newcastleunder-Lyme

Stoke-on-Trent

Stone Oswestry

Ashbourne

Uttoxeter

Burton upon Trent M6

In addition, the compact city centre offers greater accessibility for the consumer and larger conversion opportunities for retailers when compared to Manchester (Liverpool city centre market potential per km2 is 85% higher than Manchester), Leeds, Birmingham or Glasgow (CACI).

Hemsworth

LIVERPOOL’S RETAIL SCENE Liverpool is an internationally famous retail destination which has undergone a renaissance over the last few years. City centre retail floor space in Liverpool is estimated at 278,000 sq m (3,000,000 sq ft) with much of the shopping area pedestrianised, including Church Street, Bold Street, Paradise Street, Whitechapel and South John Street. Liverpool One has catapulted the city into a world class retail destination. Opened in 2008 and with 148,639 sq m (1.6m sq ft) of accommodation, it attracts over 27 million shoppers a year and is a major driver of footfall in central Liverpool. The scheme is anchored by department stores Debenhams and John Lewis as well as a 14-screen Odeon cinema. It has over 160 shops and is organised within distinct retail districts, grouping together retailers with a similar focus. St John’s Shopping Centre, 535,000 sq ft and Clayton Square, 170,000 sq ft provide the value offer in Liverpool. They feature over 120 value stores including Poundland, Wilkinsons and a thriving indoor market.

Set in the heart of the fashion-focused city of Liverpool, The MetQuarter presents an opportunity for a selection of iconic brands to capitalise on the catchment’s constant desire for easy access to premium retailers.

THE METQUARTER EMPORIUM OF STYLE Opened in 2006 The MetQuarter provides a modern, well designed, high end shopping environment with luxury mall aesthetics and a high quality of internal finishes. The design includes a feature glazed roof installed centrally along the full length of the public mall to provide natural light. The property extends to 11,994 sq m (129,000 sq ft) providing 44 retail and restaurant units over two trading levels. Above the upper trading level units there are mezzanine floors which can be used by occupiers either for sales or storage. The centre is home to a number of well-known luxury and independent brands in both ladies’ and men’s fashion, beauty, jewellery and complementary restaurant coffee operators including MAC, Armani Exchange, Hugo Boss, Illamasqua, Jo Malone, LK Bennett, Kurt Geiger, Mococo, Diesel, Gieves & Hawkes, Carluccio’s, Patisserie Valerie and Costa. The MetQuarter has an impressive, double height glazed ground floor entrance from Whitechapel and an upper level floor entrance from Victoria Street. The topography of the site allows for a street level access to the north from Victoria Street entering the centre at the upper mall level. A further secondary entrance to the lower trading floor leads from Stanley Street. Above the trading floors are the management office, customer toilets and additional storage units. Circulation around the scheme is via three escalators and two customer lifts. Servicing to the units is via two service corridors to the rear of the units along Sir Thomas Street and Stanley Street.

THE METQUARTER

presents a unique, high quality premium brand shopping environment at the heart of the fashion focused City of Liverpool

TENURE Freehold Title. Title number MS202065.

Liverpool - Central

Indicative Freehold Title

50 metres

Experian Goad Plan Created: 21/09/2015

The centre is home to a number of well-known luxury and independent brands 23

The centre is let to an array of high quality aspirational retailers including Armani, MAC, Hugo Boss, Jo Malone and Jack Wills with the majority of leases incorporating base rents and turnover provisions as well as annual RPI linked rental increases.

TENANCIES & INCOME A selection of luxury and premium tenants with turnover rent provisions are experiencing very strong sales demonstrating that the centre delivers high levels of performance for luxury and premium retailers. The turnover provisions within the leases therefore provide an element of operating leverage at the centre to drive potential income beyond current levels. 13 tenants in the current turnover period have seen positive year on year sales growth of up to 26%. In those instances where turnover thresholds are exceeded this will feed through to an increase in turnover rental income. Particularly strong performance can be seen from the cosmetics and beauty brands, menswear and independent ladies fashion labels.

Fashion in excess of £650 psf

Jewellery in excess of £800 psf

Cosmetics in excess of £1,800 psf

The current gross income is £2,568,851 per annum with a current net passing income of £1,514,962 per annum. Assuming the property is fully let in accordance with the business plan estimates the rental value of £2,819,231 per annum.

GROUND FLOOR Sir Thomas Street

Unit 05

Unit 04

Unit 02

COSTA SEATING

Unit 16a

Stanl

Unit 19

Unit 20

JO MALONE

Unit 18

MQ FLORIST

KURT GEIGER

Unit 17

FOSSIL

VACANT

1,837 sq ft

Unit 16

MOCOCO

Unit 15

OLIVIA DIVINE

Unit 14

WALL TO WALL

Unit 13

Unit 03

VACANT

6,000 sq ft

MADE.COM

Victoria Street

ILLAMASQUA

Unit 06

DANIEL FOOTWEAR

Unit 07

COSTA COFFEE

Unit 08

ite

MISS FRANCESCA COUTURE

Unit 09

Unit 01

TM LEWIN

Unit 10

PAPERCHASE

980 sq ft

Unit 11

VACANT

PHASE EIGHT

VACANT

1,464 sq ft

Unit 12

PATISSERIE VALERIE

ee ey Str

Unit 21

Unit 22

Unit 23

FIRST FLOOR Sir Thomas Street

Unit 39b

Unit 40

Units 41 & 42

Unit 43

Unit 44

Unit 45

Unit 46

URBAN CALM

ALL SAINTS

VACANT

Unit 28

Unit 27

Unit 26

Unit 29

ite

Unit 30

Unit 31

TIMBERLAND

Units 32 & 33

MADE HERE

HOUSE OF CB

Unit 34

1,453 sq ft

GIEVES & HAWKES

Unit 36

VACANT

SASSOON SALON

Unit 37

Unit 35

TOMMY HILFIGER

VACANT

5,178 sq ft

Victoria Street

Stanl

CAFFE NOVOCENTO

VACANT

2,809 sq ft

REX

VACANT

2,901 sq ft

1,690 sq ft

VACANT

JACK WILLS

1,560 sq ft

Unit 39a

VACANT

Unit 38

ee ey Str

Unit 47

FUTURE GROWTH OPPORTUNITIES The MetQuarter presents an opportunity to unlock enormous reversionary potential through positioning, anchoring and active asset management. With the luxury market in the UK growing and with expenditure on luxury items last year up 7% to £10 billion it is predicted that the UK will become the largest luxury market in Europe by 2018. • The centre currently lacks a major anchor tenant and driver of footfall. There is now an opportunity to create a large unit at the rear of the centre for a new transformational anchor tenant to rejuvenate the overall performance of the scheme. • Planning consent has recently been granted for a change of use at the rear of the centre on Units 11-15 from Use Class A1 (retail) to D2 (assembly and leisure), with ancillary bar and restaurant space as well as a change of use on Unit 38 to A3 (restaurant). • The change of use and internal reconfiguration of Units 11-15 would accommodate a premium bowling offering with eight public and two private lanes with associated bar and restaurant uses (comprising a total floorspace of 1,546 sq m). • Unit 38 and the mezzanine space above could provide an A3 unit in excess of 10,000 sq ft. • Strong initial interest from A3 operators.

GROUND FLOOR

Implement planning consent to create new anchor unit of 15,000 sq ft for D2 uses with ancillary A3

Relocate Phase Eight to unit 16A

Relocate Francesca Couture to Unit 28 to facilitate temporary deal with Harvey Nichols food

Potential to expand MAC

• Potential to expand MAC and Celeb Boutique. • Attract A3 operators to the upper mall units 37 and 38 fronting Victoria Street which benefit from dual access from the centre and Victoria Street. • Introduce more destination luxury brands to the centre which can generate superior performance in turnover and complement existing retailers. • Complete potential lettings to two luxury brand retailers where terms have been agreed in principle. • Convert temporary lettings into permanent lettings. • Consolidate position on currently active lease renewals and rent reviews and let remaining vacant accommodation. This would offer the investor a potentially enormous ‘swing’ in income as a result of the reduction of vacant service charge, rates insurance and BID contributions. • Continue rates mitigation programme currently in place. • Reduction of service charge shortfalls.

FIRST FLOOR Relet for A3 F&B use

Amalgamate space for high end supermarket or anchor store on two levels

Let for A3 F&B use

Exercise option to relocate Jack Wills

Potential to expand Celeb Boutique into Unit 30

Relocation of Francesca Couture Create external entrance with ramp to access these units

Potential letting to luxury fashion retailer

Amalgamate Units 44/45 for letting to luxury fashion retailer

Relocate Urban Calm to Unit 35

Potential to relocate All Saints

MANAGEMENT & SERVICE CHARGE The management of the MetQuarter is currently undertaken by Savills. All of the on-site staff including centre manager, security, cleaning and maintenance staff are directly employed by Savills. The service charge period runs annually from 25/03/2015 to 24/03/2016. The current service charge budget of £1,299,560 is calculated on a floor area of 124,992 sq ft and represents £10.40 per square foot.

VAT The asset has been elected for VAT and VAT will therefore be chargeable on the purchase price if it is not possible to arrange for this transaction to be treated as a Transfer of a Going Concern (TOGC).

SURVEYS The following warranted surveys have been commissioned and are assignable to a purchaser: • Building and M&E Survey – The property has been surveyed by Malcolm Hollis. • EPC’s – A full set of EPCs are available.

PROPOSAL Offers are invited for the Freehold interest in the MetQuarter in excess of £20,000,000, subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 7.16%, rising to a reversionary yield of 13.21% assuming purchaser costs of 5.8%. This represents a capital value of £155 per sq ft.

CORPORATE SALE The property is owned in a Jersey Property Unit Trust (JPUT) and the transaction can be structured as a sale of the JPUT.

MARKETING DATA ROOM All supplementary ‘back up’ information is available on the password protected, marketing website: www.metq-invest.com

ADDRESS MetQuarter, Whitechapel, Liverpool, L1 6DA

CONTACTS For further information please contact: Coady Supple 12 St George Street London W1S 2FB

Robin Coady +44 (0) 20 7629 5272 robin@coadysupple.com

+44 (0) 207 629 5251 www.coadysupple.com

David Sadler +44 (0) 20 7629 5259 david@coadysupple.com

Charles Emmett +44 (0) 20 7629 5251 charles@coadysupple.com

MISREPRESENTATION ACT Messrs Coady Supple, for themselves and the vendors of this property whose agents they are give notice that: The particulars are set out as general outline only for the guidance of intending purchasers, and do not constitute, nor constitute part of an offer or contract: All description dimensions, references, references to condition and necessary permission for use and occupation and other details are given in good faith and are believed to be correct but intending purchasers should not rely on them as statements of representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them: No person in the employment of Coady Supple has any authority to make or give any representation of warranty in relation to this property. All negotiations are subject to contract. October 2015. Designed and produced by Creativeworld. T: 01282 858200