TITLE

46 HERTFORD STREET, W1

1 TITLE THE BUILDING

INVESTMENT SUMMARY

– A prime freehold opportunity in the heart of Mayfair – Close to , Curzon Street and Shepherd Market – Grade II listed historic building dating back to late 18th Century – Total of 4,907 sq ft NIA and 6388.16 sq ft GIA over lower ground, ground and four upper floors – Office use throughout with the benefit of residential planning permission – Consent exists for the creation of four flats above ground and with office use on ground and lower ground floors – Offered with full vacant possession – Opportunity for an owner occupier or investor to create a bespoke building to suit their own taste and style

01 THE NEIGHBOURHOOD THE NEIGHBOURHOOD

REGENT’S PARK

PADDINGTON

MARYLEBONE MARBLE ARCH A LUXURY LOCATION

GROSVENOR SQUARE

BERKELEY SQUARE OLD BOND STREET On your doorstep Mayfair boasts the largest concentration SHEPHERD MARKET of globally renowned restaurants, private HYDE PARK clubs and hotels in the UK, as such, this has endorsed Mayfair as the recognised home and preferred location for various global conglomerates, internationally recognised STATION Family offices and embassies throughout Europe. In turn the area is synonymously linked with some of the worlds most luxurious and famous stores, fashion brands, art gallery’s, jewellers and haute couture HYDE PARK CORNER houses. This has been the case for the last GREEN PARK century and has ensured that Mayfair is firmly cemented as one the foremost luxury destinations in the world.

Shepherd Market 2 minute walk Green Park 4 minute walk

BUCKINGHAM PALACE GARDENS Green Park Station 6 minute walk Hyde Park Corner 8 minute walk

BUCKINGHAM PALACE

02 03 THE NEIGHBOURHOOD THE NEIGHBOURHOOD

NOTABLE RESIDENTS

MOUNT STREET BOND STREET Mount Street has in recent years Located in the heart of Mayfair, over undergone a complete revitalisation, 150 luxury global brands are based on which coincided with the refurbishment Bond Street, including Louis Vuitton, of Hotel, lying at its Dior, Ralph Laurent, Graff Channel, heart. This in turn created a fashion Tiffany, Cartier, Burberry amongst magnet to some of the worlds luxury various others. brands and restaurants. Mount and The street is recognised as one of the South Audley Street, which lie adjacent most prestigious shopping street in the to each other, is now home to fashion world with a mix of both the finest brands such as, Celine, Balenciaga, fashion designers as well as the finest Christopher Kane, Christian Louboutin, and most prestigious jewellers. Together Creed as well as restaurants and clubs with and Regent Street, such as Scotts, George Club and Harry’s Bond Street is the most vibrant retailing Bar. More of a luxury village in the heart environment in Europe attracting over of Mayfair, Mount Street with amenities 200 million visitors per year to suit both tourists and its local residents. BURLINGTON ARCADE SHEPHERD MARKET A world famous shopping arcade, First established as a market in the mid created in 1819 and regularly seeing close 1700’s, Shepherds Market is still a mix to 4 million per year passing through its of open squares and small alleys located arches.Hosting various luxury brands within the throroughfares of Park Lane, such as Chanel, Bell & Ross, Frederic Picadilly and Curzon Street. Hosting Malle, Manolo Blahnik. The arcade has some bespoke retailers and individually also become equally well known for the renowned restaurants and pubs. The place to buy vintage watches, wit Omega, latest addition has also become one of Watch Club, David Duggan amongst ’s most exclusive members clubs, other well known dealers. Often serving 5 Hertford Street, created by Robin Birley, tourists crossing from Bond Street to whos father Mark, was responsible for it remains one of London’s London’s other famous members clubs, most recognised shopping arcades. such as Annabel’s.

04 05 05

REGENT STREET THE NEIGHBOURHOOD GROSVENOR STREET 11

GROSVENOR GROSVENOR STREET

SQUARE DAVIES STREET

NEW BOND ST OLD BURLINGTON STREET SAVILE ROW

BOURDON STREET CLIFFORD STREET

MOUNT ROW BOURDON PLACE E N

09 A CORK STREE SOUTH AUDLEY STREET BRUTON STREET UPPER GROSVENOR STREET 01 L 02

N

O

T NEW BOND

06 U

ADAM’S ROW R SACKVILLE STREET B T A COSMOPOLITAN BERKELEY SQUAR S 13 GRAFT T REEVES MEWS MOUNT STREET R EE 14 T ROYAL BERKELEY O PARK STREET 10 N ACADEMY SQUARE ST BUSINESS HUB B OF ARTS E GARDENS R E 11 K ALBEMARLE ST BAL EL O MOUNT STREET FARM STREET 08 EY L FO MOUNT ST HAY’S MEWS S D BOND STREET HAY HILL LOCAL OCCUPIERS HOTELS UR PLAC QU REX PLAC GARDENS A RE EET HIL STREET 01. Phillps 01. The Dorchester WAV 12 CHESTERFIELD HILL 02. 02. E Lazard & Co Grosvenor House E STAFFORD STR RTON S DOVER STREET E 10 SOUTH STREET 03.Bain Capital 03.The Hilton on Park Lane HAY’S MEWS DU 05 Y T L KE IL 04.Glencore 04. PARK LAN CHARLES STREET D ST 04 CA B C E I 05. 05. DEANERY STREET 05 R P Moore Europe Capital Claridges S K 07 T 02 E REET E L 09 R E Q A Y 06.Manchester United 06.The Connaught T T 09 U E T SOUTH AUDLEY STREET E S EEN S O T JERMYN ST R N R T BURY 07. 07. C S BOLTON STREET E Gulf International Bank The Ritz E H 03 T N ESTERF 05 TREET O P Z 06 S STREET A ST 03 08 02 06 R T 08.Seven Energy 08.The Athenaeum R U R GREEN PARK K TILNEY C E 07 01 E L T A I CLARGES STREET ST JAMES’S STREET 09. 09. ELD Ferrexpo The Park Lane Mews Hotel N 11 E 10 06 HALF MOON STREET S TREBECK ST 10. The Jet Business 10. The May Fair Hotel ATE T PE G S TA NHO 12 SHEPHERD 11. 11. CURZON STREET Evercore Partners The COMO Metropolitan 03 MARKET DERBY 01 12. 12. WH Barclays Bank IT T MARKET MEWS SHEPHERD STREET E S 13. 13. 10 ST H Blackstone Sheraton Grand SHEPHERD STREET O R KING 09 04 S E STR 13. WWP 14. Intercontinental Park Lane 12

ARCHESON EET 03 EET 15. Four Seasons Park Lane TR 01 HOUSE 08 DIPLOMATIC D S D O HERTOR WN MEMBERS’ CLUBS 04 01. HYDE PARK SPENCER Royal Thai Embassy ST 13 HOUSE P R A EE 02. 01. R T Royal Embassy of Saudi Arabia Loulou’s

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E CK S

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L B A A 03.Embassy of the State of Qatar 02. Les Ambassadeurs Casino

L N 08

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K HAM PICCADILLY R 04.Embassy of Panama 03. Crockfords A O P 02 LD P I 07 LTON PLACE15 05. 04. A Bahamas High Commission The Colony Club R K L 06. 05. 14 A Eqyptian Cultural Centre The Arts Club NE GREEN PARK 07. Embassy of Mayanmar 06. Little House Mayfair S TABLE YARD 08.Embassy of Japan 07. Cavalry & Guards Club 09.Indian High Commission – 08. Annabel’s E IV R Cultural Section D DU 09. Morton’s Club E KE OF A G DILLY W ARRI CA E UTH C PIC L 10. Malaysian External Trade SO L 10. George I HYDE PARK N G Development Corp 07 CORNER T 11. E O Harry’s Bar

DG N

11. P Embassy of Italy

L 12. Mark’s Club

KNIGHTSBRI 04 A C E THE MALL

Victoria Waterloo Euston King’s Cross Paddington Liverpool Street Heathrow Airport Victoria Line St. Pancras Jubilee Line / Victoria Line / Central Line Victoria Line

Piccadilly Circus London Bridge Piccadilly Line Jubilee Line Victoria Line / Great Northern train Green Park 1 MIN 3 MINS 5 MINS 6 MINS 9 MINS 12 MINS 45 MINS

06 07 THE DETAILS THE DETAILS

AT A GLANCE... Meticulous Georgian detailing Archeson House offers a rare opportunity to acquire an elegant, spacious office building in one of London’s most desirable neighbourhoods. This Grade II listed property comprises a Georgian townhouse benefiting from unique period features, bright rooms and an ornate central staircase. The Specification The building comprises approximately – Four person passenger lift serving 4,907 sq ft NIA, 6388.16 sq ft GIA ground to 4th floors. of office building arranged over lower – Perimeter heating and cooling. ground, ground and four upper floors. – Floor to ceiling windows at first Internally the accommodation is floor level. well configured for office use providing – Ornate central staircase. good levels of natural light throughout – Single glazed sash windows on with sash windows at both north all levels. and south elevations, a small Juliet balcony to the rear of the 4th floor, – Two storage vaults. and roof lights to the lower ground – Separate external access to lower and fourth floor accommodation. ground level.

08 09 THE DETAILS PLANS AND SPECIFICATIONS

LOWER GROUND FLOOR

GROUND FLOOR

Accommodation

Plowman Craven have undertaken a measured survey that accords with the RICS Code of Measuring Practice (6th Edition) Floor plans not to scale. For indicative purposes only. and the IPMS 3rd Edition. The gross floor areas have been provided by an alternative source. Floor plans not to scale. For indicative purposes only. FIRST FLOOR

AREA NIA SQ FT NIA SQ M GIA SQ FT GIA SQ M IPMS SQ FT IPMS SQ M Fourth 701 65.11 961.64 89.34 769 71.4 Third 759 70.55 989.20 91.90 793 73.7 Second 741 68.81 963.37 89.50 756 70.2 First 795 73.84 1050.66 97.61 841 78.1 Ground 688 63.92 1066.70 99.10 909 84.4 Lower 1,223 113.65 1356.57 126.03 1172 108.9 Total 4,907 455.88 6388.16 593.48 5,240 486.7

10 11

Floor plans not to scale. For indicative purposes only. PLANS AND SPECIFICATIONS

Planning/Residential Use SECOND FLOOR Planning consent was granted on 16th January 2016 for the top floors to be converted. A copy of the planning consent is available from the agents on request.

Leasehold Comparables

FLOOR/SIZE RENT ADDRESS SQ FT LEASE £/PSF TIMING

17 Hill St. 3rd: 2,080 New Lease 85 Q2 2018

1 Dover St. 3rd: 2,650 New Lease 85 Q2 2018

7 Clarges St. 1st: 3,498 New Lease 105 Q2 2018

66 St James’s St. 1st: 1,630 New Lease 100 Q2 2018

Floor plans not to scale. For indicative purposes only. THIRD FLOOR 29 Curzon St. 1st: 1,135 88 Q2 2018 73 Brook St. 2&3rd: 4,620 150 Q4 2017

Freehold Comparables PRICE ADDRESS SIZE SQ FT TENURE £/PSF YIELD % DATE

49 Albemarle St. 8,130 Freehold 2,552 3.06 Q2 2018

10 Shepherd Market 2,305 virt f/h 1,952 2.9 Q2 2018 722 yrs uexp

6 Queen St. 4,644 Freehold 2,045 vacant Q2 2018

62-3 Duke St. 7,805 Freehold 2,375 pt vacant Q2 2018 FOURTH FLOOR St James’s Pt income producing

11 Upper Grosvenor St. 8,283 LLH 107 years 2,251 10 Q2 2018

10 Grosvenor St. 63,500 LLH 2,393 3.7 Q4 2017

34 St George St. 1,505 Long lease. 3,139 vacant Q2 2017 1873 years remaining at a peppercorn

29 Sackville St. 7,071 Freehold 2,475 vacant Q2 2017

45 Clarges St. 3,175 Freehold 2,362 vacant Q2 2017

12 46 HERTFORD STREET, MAYFAIR W1

Proposal Offers are invited for this valuable freehold interest with the benefit of full vacant possession.

VAT The owners of the property have not elected to waive their exemption to tax the property, therefore VAT will not be payable on the purchase price.

Contact For further information or to arrange an appointment to view, please contact the joint sole agents:

Nicholas Marks Paul Gold D. +44 (0)20 7317 1582 D. +44 (0)20 7487 9790 M. +44 (0)7850 258338 M. +44 (0)7958 222 150 E. [email protected] E. [email protected] www.jamesandrew.co.uk www.brahamgood.co.uk

Misrepresentation Act 1967: James Andrew International and Braham Good for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither James Andrew International and Braham Good nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Property Misdescriptions Act 1991: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. Design by Zest Design and Marketing Ltd 0117 950 8445. June 2018 (01916). 14