The Old Ground Property Co. Ltd

Woodbridge Street

Executive Summary
The Old Ground Property Co Ltd has secured off plans an option for private investors to acquire 4 one-bedroom apartments located on Woodbridge Street in London City. This development is a new building of 22 luxury apartments. The development is in the London borough of Finsbury, and is situated off Clerkenwell Road & Farringdon Road. Transport links currently served by, Hammersmith & City, Northern, Metropolitan and Circle. The Underground is linked to all major transport hubs including mainline rail and all of London�s international airports. The development is a five minute walk from Farringdon tube station and a seven minute walk from Old Street tube station. Woodbridge Street is a short stroll to the square mile, London & Europe�s key financial district and is situated off a superb leafy street. London City Airport is 6.8 miles from the development and Liverpool Street Station is 0.8 miles away which is convenient to access Stansted Airport via the Stansted Express. Investor purchase prices range from �383,452 to �458,151. The size of each unit is from 511 sq ft to 613 sq ft. Due to size and scale of development there is no social housing. The price offered as an immediate sale is inclusive of a 10% discount (circa 5% net of fees) which will give the developer early closure saving in potential fees and marketing costs. Investors will pay a deposit to secure their apartment (5% deposit & a fee of 4% plus VAT to The Old Ground Property Company, a further 5% deposit is payable at the end of November 2008), completion will be summer 2009. The leasehold term will be 125 years, for which it is proposed that a ground rent of Stg�350 p.a. will be charged. The current financial climate has had the effect of creating a dramatic increase in rents in the central London area as more people delay purchasing until the financial crisis calm down. Thus yields are expected to achieve a minimum yield of 5% net. Sterling coming close to the value of the euro compensates somewhat for the anticipated short term growth prospects. The Old Ground Property Co Ltd is arranging a complete investor acquisition service, including bank funding, legal advice and execution plus an introduction to a fit-out supplier and letting and management agents.
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Executive Summary

The Old Ground Property Co Ltd has secured off plans an option for private
investors to acquire 4 one-bedroom apartments located on Woodbridge Street
in London City. This development is a new building of 22 luxury apartments.

The development is in the London borough of Finsbury, and is situated off
Clerkenwell Road & Farringdon Road.

Transport links currently served by, Hammersmith & City, Northern,
Metropolitan and Circle. The Underground is linked to all major transport hubs
including mainline rail and all of London�s international airports. The
development is a five minute walk from Farringdon tube station and a seven
minute walk from Old Street tube station.

Woodbridge Street is a short stroll to the square mile, London & Europe�s key
financial district and is situated off a superb leafy street.

London City Airport is 6.8 miles from the development and Liverpool Street
Station is 0.8 miles away which is convenient to access Stansted Airport via
the Stansted Express.

Investor purchase prices range from �383,452 to �458,151. The size of each unit is from 511 sq ft to 613 sq ft.

Due to size and scale of development there is no social housing.

The price offered as an immediate sale is inclusive of a 10% discount (circa 5%
net of fees) which will give the developer early closure saving in potential fees
and marketing costs. Investors will pay a deposit to secure their apartment
(5% deposit & a fee of 4% plus VAT to The Old Ground Property Company, a
further 5% deposit is payable at the end of November 2008), completion will be
summer 2009.

The leasehold term will be 125 years, for which it is proposed that a ground
rent of Stg�350 p.a. will be charged.

The current financial climate has had the effect of creating a dramatic increase
in rents in the central London area as more people delay purchasing until the
financial crisis calm down. Thus yields are expected to achieve a minimum
yield of 5% net.

Sterling coming close to the value of the euro compensates somewhat for the
anticipated short term growth prospects.

The Old Ground Property Co Ltd is arranging a complete investor acquisition
service, including bank funding, legal advice and execution plus an
introduction to a fit-out supplier and letting and management agents.

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