Morgan Leahy property investment group
Financial Summary
The Body Shop International PLC www.thebodyshop.com
This property is let to The Body Shop International PLC. For the year ended 28th February 2004, The Body Shop reported a turnover of £381,000,000, pre-tax profits of £28,500,000. The company is listed on the London Stock Exchange and has a market capitalisation of £371,000,000.
VAT
The property is registered for VAT, and therefore VAT will be payable on the purchase price.
STAMP DUTY
We understand the property lies within an area which is exempt from stamp duty land tax, but would
advise that perspective purchasers make their own enquiries in this regard.
PROPOSAL
We are instructed to seek offers in excess of £3,750,000 which will reflect a net initial yield
of 5% and a reversionary yield of 5.3%, assuming purchasers costs of £10,000.