Prime Clerkenwell Freehold Opportunity With Full Vacant Possession INVESTMENT SUMMARY

Modern self-contained building suitable for owner occupiers, showroom operators and investors

Freehold.

26,394 Ft2 over Lower Ground, Ground & 3 upper floors.

Vacant possession by Q4 2018.

Ground rent income of £600 per annum from 12 sold-off residential apartments.

Numerous asset management opportunities exist.

Generous floor to ceiling height on all floors.

Seeking offers in excess of £25,000,000 for the Freehold interest. A purchase at this level reflects a low capital value of £947 psf.

02 CLERKENWELL

Clerkenwell is one of ’s favoured destinations and most sought after locations for companies in the technology, fashion and creative industries.

Over the past decade Clerkenwell has advanced to become a district chosen by occupiers at the forefront of the creative sector. These exciting businesses moving in as well as improving retail and leisure offering has meant that the location has become a hub for household names. Throughout the City Fringe, few villages have proved as successful as Clerkenwell, and subsequently, the area has been a major contributor to the Central London office market.

Clerkenwell is also home to some of the best restaurants in London, including; St. John, Moro, The Bleeding Heart and the Michelin- starred Comptoir Gascon as well as many other restaurants including Café du Marche, Bird of Smithfield and Grainger & Co.

03 e

l t l C i s S ty Road a t E

LOCATION t e e u Stre r en S t ke Av y J r ohn Ba

Gr be yd e B lo S at ay os L tr R h ’s e S I et Cent n Local Occupiers Bars & Restaurants t r n e

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Le t Old Street Market r t G e e

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S d Street e F Ol t a l Airbnb Bounce 3 3

J l rrin horpe Stre Ro ane ohn St 15 16 lt L

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Ca R g Gr re it n o li y a e d 5 CBS 5 Granger & Co t t R ow ee tr et t B S re oa e n St to ld Stre t u O ord S d f e t Wh il Clerkenwell 5 ea r Farfetch Hix 6 6 Gu u G G G

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Av 7 Deloitte Digital 7 Iberica

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2 T ui ad u l Ro Aldersgate Street 10 Steelcase 10 Polpo t el r St enw n 11 9 erk m Cl r 10 i ee l F l C 11 Tesco Digital 11 Sosharu St h 11 arring 7 iswe t ll r Stre e e 1 t e 12 t 5 12 TM Lewin 12 Craft Beer Co Ha Barbican d 3 L o ea 3 10 tt 1 G ad 2 n 2 Ro on r t 12 ’s R 13 Unilever Plc 13 The Green ld a h ba y t oa o e e ’ s Ga ree Th r t Inn L S d 6 se Barbican a r ou 14 Vitra de h n R 8 ter e Farringdon ar Centre oa n Ch e t d 15 Adobe a Gyms eld g ithfi r Smithfield m o 5 t S es 16 BGL/Compare The Market 1 Market W Mo 1 Gym Box Moorgate 17 Box.com Holborn n 3 2 Urban Golf High Holbor 5 Holbor 2 18 Chancery London Wall n 3 PureGym Liverpool Chan Lane

3 19 Zaha Hadid Lo Street 4 Soho Gyms ndo c n K e Wa i r ll ng y Ho lbo 5 Virgin Active s La rn w Viad ne u ay ct Hotels City Thameslink 1 Malmasion 2 The Fox & Anchor 3 The Rookery 4 The Zetter Best in show.

The showroom occupiers based in and around Great Sutton Street have consistently demonstrated a desire to be in the area, and this has resulted in a fantastic array of showroom tenants.

Showroom occupiers include Vitra, Knoll, Modus and Havwoods. Office occupiers include Kurt Geiger, Agent Provocateur, Alexander McQueen, Airbnb and WPP.

Great Sutton Street has a beautiful range of former warehouse buildings, most of which are occupied by a wide variety of creative businesses. Clerkenwell Green retains a village feel steeped in history while Brewhouse Yard and St John Street provide a fantastic mix of old and new.

04 CONNECTIVITY

Angel Old Street

6 minutes 4 minutes 9 minutes 8 minutes 15 minutes 13 minutes

Chancery Lane

Moorgate 7 minutes

13 minutes 7 minutes 15 minutes 12 minutes 18 minutes

The property is extremely well connected. Farringdon Barbican

The building is within walking distance of Farringdon (Metropolitan, Circle, Hammersmith & City, Elizabeth (December 4 minutes 2018) Lines and Thameslink), Barbican and Chancery Lane (Central 3 minutes 7 minutes Line) Underground stations which provide excellent access across 6 minutes London. Bus routes along St John Street, Clerkenwell Road and Goswell Road also provide easy access.

05 CROSSRAIL

Following completion, Farringdon will become the best connected central London commuter hub.

Due for completion in December 2018, Crossrail (The Elizabeth Line) will be launched. Farringdon has been selected as one of the few Central London Crossrail stations and as such will mean the area is even better connected. The Elizabeth Line will connect Farringdon Station directly west to Heathrow Airport, Canary Wharf and Stratford.

Stratford Reading

TO SHENFIELD Paddington Bond Street Tottenham Court Farringdon Liverpool Street Whitechapel 57 Road 08 minutes minutes

Heathrow 08 04 02 02 05 Canary Wharf minutes minutes minutes minutes minutes

TO ABBEY WOOD 32 08 minutes minutes

Journey times taken from Farringdon Station. Source: TfL. 06 POSITION

Shoreditch Liverpool High Street Street

Barbican Centre Barbican Smithfield Market

Farringdon

07 LOCAL DEVELOPMENTS The Ray 119 Farringdon Road EC1

Status Under construction Developer Viridis Real Estate An evolving and developing area. Architect Allford Hall Monaghan Morris Scheme 100,000 Ft2 including 90,000 Ft2 of Grade A office accommodation.

Herbal House The Farmiloe Building 10 Back Hill EC1 St John Street EC1

Status Completed Status Under construction Developer & Aerium Developer Aberdeen Standard Architect Buckley Gray Yeoman Architect AWW Scheme 115,000 Ft2 mixed use Scheme 63,400 Ft2 of Grade A office development comprising accommodation. offices, retail and residential.

Spectrum Farringdon East 160 Old Street EC1 Lindsey Street EC1

Status Under construction Status Under construction Developer Developer Helical Architect Orms Architect PLP Architecture Scheme 153,000 Ft2 of Grade A office Scheme 120,000 Ft2 of Grade A office accommodation. and retail accommodation.

The Smithson Stylus 6-9 Briset Street EC1 112-116 Old Street EC1

Status Under construction Status Under construction Developer IM Developer Coastview Estates Architect Tate Hindle Architect GPAD Scheme 47,900 Ft2 of Grade A office Scheme 27,000 Ft2 of Grade A office accommodation. accommodation.

08 THE BUILDING

30a Great Sutton Street is comprised of two adjoining properties totalling 26,394 Ft2.

The property is a modern Grade A mixed used development compromising commercial office space over Lower Ground, Ground & 3 upper floors along with an additional 12 sold- off residential apartments leased for a term of 124 years from 24th June 2007 and producing a ground rent of £600 per annum, doubling every 25 years.

The Ground and Lower Ground comprises a self- contained space measuring 9,201 Ft2 with its own front door from the street, which can enable the premises to be used as a self-contained office or showroom unit.

09 THE SPACE

The property provides office space with an extremely efficient floorplate and excellent potential.

Throughout there is excellent ceiling height and natural light. There is a rear courtyard which offers a fantastic amenity for occupiers.

–– VRF air conditioning system –– Fully accessible raised floor –– Secondary access via a rear courtyard –– Bike storage and showers –– Male, female and disabled WC on each floor –– 2 x automatic passenger lifts –– Terrace at third floor level –– Courtyard area at ground floor level

10 FLOOR PLANS

Accommodation Lower Ground Floor Ground Floor

5,226 Ft2 / 485.5 Sq M 3,975 Ft2 / 369.3 Sq M

Great Sutton Street Great Sutton Street

Floor Use Ft2 Sq M

Third Office 5,033 467.6

Second Office 5,603 520.5

First Office 6,069 563.8

Office 3,975 369.3

Ground Storage 82 7.6

Reception 406 37.7

Lower Ground Office 5,226 485.5

Total 26,394 2,452.0

NORTH

Office Reception Core For indicative purposes only, not to scale.

11 FLOOR PLANS

First Floor Second Floor Third Floor

6,069 Ft2 / 563.8 Sq M 5,603 Ft2 / 520.5 Sq M 5,033 Ft2 / 467.6 Sq M

Great Sutton Street Great Sutton Street Great Sutton Street

NORTH

Office Terrace Core For indicative purposes only, not to scale.

12 MARKETS

Leasing Investment Market Market

See below some Compton Courtyard, EC1 See below some recent 175 St John Street, EC1 comparable transactions Date: Q2 2018 transactions in the Date: Q3 2017 in the occupational market. Size: 6,007 Ft2 investment market. Size: 14,201 Ft2 Lease term: 3 years Price: £14.2m Rent: £63.00 per Ft2 Yield: N/A Cap Val: £999.92 per Ft2

1st/2nd floors, 35 Great Sutton Farringdon Point, EC1 45 Folgate Street, E1 Dial A Cab House, 39-47 East Road, N1 Street, EC1 Date: Q4 2017 Date: Q2 2018 Date: Q3 2017 2 2 2 Date: Q4 2017 Size: 11,904 Ft Size: 20,714 Ft Size: 15,558 Ft Size: 3,911 Ft2 Lease term: 5 years Price: £26.50m Price: £23.3m 2 Lease term: 5 years Rent: £65.00 per Ft Yield: 4.08% Yield: N/A 2 2 Rent: £64.50 per Ft2 Cap Val: £1,279 per Ft Cap Val: £1,498 per Ft

1st floor, 6-7 St Cross Street, EC1 Charterhouse Square, EC1 Instrument House, 2 Wakley Street, EC1 Date: Q4 2017 Date: Q3 2017 207 Kings Cross Road, WC1 Date: Q4 2017 2 2 2 Size: 4,839 Ft Size: 12,221 Ft Date: Q4 2017 Size: 7,591 Ft Lease term: 5 years Lease term: 5 years Size: 12,232 Ft2 Price: £8m 2 2 Rent: £62.00 per Ft Rent: £75.00 per Ft Price: £15m Yield: N/A 2 Yield: 4.73% Cap Val: £1,053.87 per Ft Cap Val: £1,226 per Ft2 13 POTENTIAL DEVELOPMENT

Our client has worked with Gpad architects to draw up a scheme to refurbish the property, both internally and externally.

The key moves include: External –– New cladding on ground floor (glazed brick) Reception Lower Ground Floor –– New doors for reception and showroom –– New interior design scheme referencing –– Proposed south aspect sunken courtyard –– Add fascia / signage / green gate the Victorian history of the building while –– New internal staircase to ground floor –– New frame on reveal of upper windows introducing contemporary elements –– Expand the window opening heights –– New flooring/reception desk /wall cladding –– Replace door to stair core with a glazed door Common Parts to visually connect the revamped stair –– Bike racks to allow 40 bike spaces –– Accessible shower room Ground Floor –– 3 additional showers / changing rooms – 46 Locker spaces –– Improve glazing both front and rear – – Rear courtyard improved with planters –– New dedicated entrance to showroom unit – and re-clad external columns –– South aspect and North aspect slab cut- outs to allow day light and fresh air into Lower Ground floor

14 FURTHER INFORMATION

Tenure VAT

Freehold. The property is elected for VAT.

Great Sutton Street Planning EPC Rating

We have been informed that 30a Great The property has an EPC Rating of C (70).

St John Street Sutton Street is locally listed and is in a conservation area and that 29a Great Sutton Street is not listed. Proposal

We are seeking offers in excess of Clerkenwell Road £25,000,000 for the Freehold interest. Use A purchase at this level reflects a low We have been informed that the Property capital value of £947 psf. has B1 (Business) use throughout.

Contact Oliver Jay Ricky Blair Shaun Simons For further information please contact: 020 7871 7427 020 7871 7420 020 7871 7422 oliver.jay@.com [email protected] [email protected]

Jonathan Franks Ashley Goodman Richard Susskind 020 7831 8311 020 7831 8311 020 7831 8311 [email protected] [email protected] [email protected]

Colliers International give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property.

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