Curtain House Shoreditch

134-146 Curtain Road London EC2

Curtain House

Shoreditch Curtain House EC2 3

• Striking Victorian Warehouse in the heart of Central London’s creative & TMT hotspot

• Planning consent granted for a comprehensive redevelopment and refurbishment

• Rare opportunity to deliver best-in-class offices in the City Fringe Curtain House EC2 5

The best under-developed warehouse in Shoreditch INVESTMENT SUMMARY

• Striking Grade II Listed mixed-use RIVINGTON former Victorian warehouse. STREET • Prominently located in the heart of Shoreditch.

• Less than 10 minutes’ walk from Elizabeth Line Services (Crossrail) at Liverpool Street Station.

• 54,141 sq ft (5,030.8 sq m) arranged over basement, ground and four upper floors.

• 40,426 sq ft (3,755.7 sq m) NIA of stylish warehouse offices and a 13,018 sq ft (1,209.4 sq m) GIA prime restaurant and bar.

• Vacant possession of the offices by August 2022.

• Planning consent granted in March 2020 for a comprehensive CURTAIN redevelopment. ROAD • Freehold.

• Price: £43,500,000 OLD STREET • Capital Value: £803 psf Curtain HouseSPITALFIELDS EC2 SHOREDITCH 7 MARKET HOUSE LIVERPOOL MOORGATE OLD STREET BARBICAN STREET

SHOREDITCH HIGH STREET

SILICON ROUNDABOUT

C GREAT ITY EASTE RO RN ST A REET D

C U

S R H T A Tech City

O IN R E R D O IT A C D H H IG H S T R E ET T EE TR S LD O Located in the heart of the Shoreditch Triangle & moments from Old Street’s HOXTON Silicon Roundabout - the epicentre SQUARE of the UK’s booming tech sector Curtain House EC2 9

THE SHOREDITCH TRIANGLE, TECH CITY & SILICON ROUNDABOUT

SHOREDITCH TRIANGLE TECH CITY & SILICON ROUNDABOUT • Established in 2008 - a cultural • A global technology hub. platform celebrating East London’s • Second highest concentration of creative industries. technology businesses in the world. • Promoting collaboration between • Start-up epicentre of Europe. local designers, companies and institutions during London Design • Unique blend of exciting start-ups Week and other key periods during and global blue chip companies. the year. • A centre for originality, creativity and • Over 60 different events every year at the forefront of the 21st century’s including product launches, technological revolution. exhibitions, installations, workshops, • Proximity to the City of London talks, tours, and culinary experiences. providing the perfect conditions for Fintech to flourish, attracting the leading talent from both the technology and financial sectors.

London’s equivalent of New York’s Meat Packing District & Silicon Valley in San Francisco Curtain House EC2 11

One of Central London’s Exciting new cafés, best performing & most restaurants & bars 75% of take up by desirable sub-markets Tech occupiers

191,000 sq ft taken up in Q1 2021 Constant tenant Low availability demand

8.1% Vacancy rate

Prime rents of £70.00 psf Prestigious Global brands ANGEL

HOXTON

A ST

Curtain House EC2 13 R

A D

ASKE GARDENS D BIA ROA D C OLUM A O C R ITY HOXTON ROA Y D SQUARE E LOCALREET 1 N ST K LEVER C 4 HA OCCUPIERS CHARLES

SQUARE

OFFICE OCCUPIERS 14 SHOREDITCH RESTAURANTS

2 RE ET CHURCH Adobe D ST Albion 1 6 OL 1

10 Amazon 12 Dishoom R EET 2 2 ST L CI VA CBS Interactive 7 14 Andina PER 3 3

ST REET FarFetch TON 11 Pizza East 4 NG ARNOLD 4 IVI R CU 4 S CIRCUS Inmarsat H Cecconi’s 5 5

RT O

John Brown Media 6 13 9 Popolo Shoreditch 6 8 R 6

AIN 3 E London College of Fashion Leroy 7 D 7 5 20 GR I G 9 T Monzo OLD STREET RO Oklava O 8 E C 8 6 AT SW Janus Henderson Investors ET H Gloria 9 RE 21 22 AD 9 ST E D H E OL A LL Mixcloud Limited Burro e Salvia 10 25 S 7 I 10 TE G 1 H R Mother London R Flat Iron 11 N 11 O S A The Office Group 5 S 11 Padella 12 T T 12 D R R 5 LEONARD ST REET E 2 2 1

Mullen Lowe E Blacklock 13 ET 6 13

10 E 1 3 9 REET

Aviva T ST Callooh Callay 14 RCH 14 3 REDCHU T EE R Mayer Brown 8 10 5 T 15 4 B S OLD Allen & Overy U 7 11 8 N 16

H CI

IL 7 Vertigo Films HOTELS & MEMBERS CLUBS 17 T T L E 4 Y 10 D

The Drum E A 18 RO BUNHILL RO M by Montcalm

R 3 EN 1 R E 23 BETHNAL GR FIELDS 13 ST W R/GA OA 19 The Z Hotel Shoreditch GO 2 12 UL Made.com A D L 20 D 17 3 The Curtain P A D O R LL E Capco E 21 SHOREDITCH Courthouse Hotel Shoreditch W N 4 N E 24 L Steve Edge Design RK 22 Nobu Hotel LE AN 18 HIGH STREET 5 C

Grind W The Hoxton, Shoreditch E 23 6

H NTT Data CitizenM London Shoreditch 24I 19 7 T

E Seedrs

25C 8 Redchurch Townhouse

RO Open Table Boundary 26 9

Shoreditch House 10

T Batty Langley’s 11 R

2 E SHOPS HAC GROUND

Sunspel 26

APC

G 2 OS Nudie Jeans 8 3 FINSBURY E W Aesop SQUARE T E 4 A L CHI 9 G L Folk SW 5 EL S L ST R RE ET P O 6 Le Labo 11

15 O A

H D 7 SCP Mass occupier appeal with

Mr Start 8

Sneakersnstuff 9 a first class entertainment,

House of Hackney 10 SPITALFIELDS BARBICAN LIVERPOOL STREET 16 Oliver Spencer MARKET 11

retail & leisure provision FARRINGDON

AL R

NG E

D S

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N A

T R

E O

A S

D T

E T MOORGATE ANGEL

HOXTON

A D

ASKE GARDENS D BIA ROA D C OLUM Curtain House EC2 A 15 O CIT R Y R HOXTON Y OA E D SQUARE N ST REET K LEVER C

CHARLES

SQUARE

LOCAL DEVELOPMENTS SHOREDITCH

RE ET CHURCH D ST OL

R EET ST L VA CI PER

ST REET TON NG ARNOLD IVI R CU 6 S

H CIRCUS

RT O 11

AIN E

GR I G T

OLD STREET RO O E C AT SW ET H RE AD ST E D H E OL 5 A LL S I TE G

H R R N O S A S T T D R 4 R LEONARD STREET E

E ET

REET

T ST RCH REDCHU T EE Principal Place, EC2 R The Stage, EC2 The Curtain Hotel, 1 T 2 B 8 S LD U O N 45 Curtain Road, EC2 Developer: Brookfield Developer: Cain International/McCourt/ 9 H CI

T Vanke/Galliard Homes T Developer: Gansevoort Hotel Group L Scheme: 625,000 sq ft of Grade A offices E Y D

E A RO BUNHILL RO

R EN R 8 E and retail space including cafés and Scheme: 540,000 sq ft mixed-use estate BETHNAL GR Scheme: 120-room luxury hotel and FIELDS W ST OA

GO 7

restaurants UL members club Status: Completion 2022 A D L D P A D O R Status:LL Completed E Status: Completed 2017 E SHOREDITCH W N N E L RK LE AN HIGH STREET C

E W 2

I 10 T

1 E HAC GROUND

G OS

FINSBURY E W SQUARE T E A

L CHI G L SW EL S L ST R RE

ET P O

O A

H D

Blossom Street Estate, E1 168-178 Shoreditch High Street, E1 Shoreditch Village Phase II,

3 4 9

Shoreditch High Street, E1 Developer: British Land Developer: Max Barney

SPITALFIELDS Developer: Brockton Capital Scheme: 347,000BARBIC sqAN ft of Grade A offices, Scheme: 43,118 sq ft mixed-use scheme LIVERPOOL STREET

MARKET

13 new retail units, 40 luxury apartments Scheme: 100,000 sq ft mixed-use scheme Status: Completed 2019 FARRINGDON

and 2 new public spaces

AL Status: Completion due 2023 R

RI Status: Completion dueD 2023 NG E

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E T MOORGATE

5 White Collar Factory, 6 The Bower, 207-211 Old Street, EC1 7 201-207 Shoreditch High Street, E1 10 The Goodsyard, Braithwaite Street, E1 11 Black & White, 74 Rivington Street, EC2 12 Worship Square, 65 Clifton Street 100 City Road, EC1 Developer: Helical Plc Developer: Highgate Holdings Developer: Hammerson & Ballymore Developer: The Office Group & 67-73 Worship Street, EC2 Developer: Derwent London Scheme: 320,000 sq ft mixed-use scheme Scheme: 230,000 sq ft mixed-use scheme Scheme: 1.5 million sq ft of offices across Scheme: 51,000 sq ft NIA of Grade A Developer: HB Reavis Scheme: 291,400 sq ft mixed-use scheme Status: Completed 2019 and a 200-room luxury hotel 5 buildings, 175,000 sq ft of retail and offices Scheme: 134,550 sq ft mixed-use scheme Status: Completed 2017 Status: Planning granted 500 new homes Status: Completion due 2022 Status: Construction commenced 2021 Status: Planning granted 2020 Curtain House EC2 17

CONNECTIVITY ELIZABETH LINE

STRATFORD

Five London Underground and mainline 8 HAYES & stations within a 10 minute walk READING HARLINGTON BOND STREET FARRINGDON WHITECHAPEL

61 27 10 7 4 2 2

PADDINGTON TOTTENHAM LIVERPOOL COURT ROAD STREET 33 6

HEATHROW CANARY WHARF AIRPORT

HOXTON 8 MINUTES

Providing access to Revolutionary new high-speed passenger 200 million passengers annually - railway Heathrow Airport significantly increasing London’s rail- in under extending London’s based transport network transport network capacity by 10% 35 minutes

OLD STREET SHOREDITCH 6 MINUTES HIGH STREET 7 MINUTES OPEN

Bringing an extra Access via Liverpool Scheduled to open 1.5 million people Street Station less than Q2 2022 within 45 minutes 0.6 miles away of Central London

MOORGATE 10 MINUTES Game changing transport ensuring constant tenant demand & upward LIVERPOOL STREET 9 MINUTES pressure on Shoreditch rents Curtain House EC2 19

DESCRIPTION

• Four floors of offices above a ground and lower ground restaurant & bar.

• Originally constructed in phases between 1881 and 1887 by R. Creese Harrison for C&R Light a leading firm of wholesale furniture makers.

• C&R Light vacated Curtain House in 1918 with it subsequently being occupied by a variety of clothing manufacturers, printers, and upholsterers.

• Late 20th Century partially used as a music hall and by the early 21st Century the building was repurposed as contemporary offices above a restaurant & bar.

• 40,426 sq ft (3,755.7 sq m) of offices accessed via a dedicated reception on Curtain Road with rear access via Rivington Place.

• Self-contained restaurant, bar & live music venue with prime frontage to Curtain Road providing 13,018 sq ft (1,209.4 sq m) GIA at lower ground, ground and mezzanine levels.

The best surviving warehouse in Shoreditch Curtain House EC2 21

40,426 sq ft (3,755.7 sq m)NIA of warehouse-style offices

Retained original features include critall windows, structural steel columns & wooden beams Curtain House EC2 23

Existing offices with mass occupier appeal Curtain House EC2 25

THE BLUES KITCHEN RESTAURANT & BAR

• 13,018 sq ft (1,209.4 sq m) GIA arranged at lower ground, ground and mezzanine levels.

• Established in 2009, the Blues Kitchen is a landmark restaurant and late-night bar.

• Serving authentic American Soul food and over 80 different Bourbon’s alongside the very best live blues and rock ‘n’ roll music.

• 150-cover dining room, bar and kitchens with the basement providing customer WCs, further kitchens, ancillary storage and manager’s office.

• Rare and valuable 3:00am licence on Fridays and Saturdays.

A legendary Shoreditch institution Curtain House EC2 27

13,018 sq ft (1,209.4 sq m) GIA of restaurant & bar accommodation at lower ground, ground and mezzanine levels

Rare and valuable 3:00am live music & alcohol licence on Fridays and Saturdays Curtain House EC2 RIVINGTON PLACE 29

Kitchen Kitchen Kitchen

Yard Yard Yard

Yard Yard Yard ACCOMMODATION Mezzanine Mezzanine Not surveyed Mezzanine Not surveyed Not surveyed

No Access No Access No Access WC Stirling Temple have provided the followingWC floor areas: WC

Storage Storage Storage

Kitchen Kitchen Kitchen Plant Room Plant Room Plant Room Terrace Terrace Terrace

Storage Storage Elec Storage Elec Elec Machinery Machinery Machinery WC WC WC Lift Lift Lift

WC WC FLOOR USE WC WC SQ M SQ FT WC WC Lift Lift Lift Office Office Office

OFFICE NIA Office Office Office Kitchen Kitchen Kitchen

Fridge Fridge FridgeFire Fire Fire Area Area AreaExit Exit Exit

Pub Pub Pub Fire Fire Fire 4th Office 636.9 6,856 Exit Exit Exit Lift Lift Lift Fire Exit Fire Exit Fire Exit

Bedroom 1 Bedroom 1 Bedroom 1 Staff Staff Staff WC Storage WC Storage Bedroom 2 WC Storage Bedroom 2 Bedroom 2 Room Room WC Room WC WC Stock Stock Stock Room Room Storage Room Storage Storage Elec 3rd Office 621.3 6,688Elec Elec

Locked Office Stock Locked Office Stock Locked Office Stock Room Room Room Locked door Locked door Locked door

Stock Stock Stock Area 2nd Office Area 720.4 7,754 Area

Void Void Void 1st Office 1,172.6 12,622

Ground Office 522.9 5,628 Lift Lift Lift

Lower Ground Storage 81.6 878 RE RE RE CEPTION CEPTION CEPTION SUB-TOTAL: 3,755.7 40,426

Mech Mech Mech

Fire Exit Fire Exit Fire Exit RESTAURANT/BAR GIA Entrance Entrance Entrance

Mezzanine Restaurant/Bar 30.4 327 CURTAIN ROAD Third Level Third Level Third Level Second Level Second Level Second Level Fourth Level Fourth Level Fourth Level Lower Ground Lower Ground Lower Ground Kitchen Restaurant/Bar 627.4 6,753 Ground Level Ground Level Ground Level Ground Lower Ground Floor Ground Floor First Floor Yard First Level First Level First Level Yard Restaurant Plant Room 74.0 797 Mezzanine Not surveyed

Kitchen Lower Ground Restaurant/Bar 477.6 5,141

Kitchen

Yard SUB-TOTAL: 1,209.4 13,018 Yard Yard

Not surveyed Mezzanine Yard Mezzanine Not surveyed

No Access WC RESIDENTIAL NSA

Storage

Kitchen Plant Room 1st & 2nd Residential 65.7 707 Terrace

Storage Elec Machinery WC Lift

WC WC Lift No Access Office SUB-TOTAL: 65.7 707 WC No Access

WC Storage Office

Storage Kitchen Kitchen Plant Room Terrace Fridge Fire Kitchen Area Plant Room Exit Terrace Elec Pub Storage Fire Machinery TOTAL 5,030.8 54,151 WC Exit Lift Storage Elec Machinery WC Lift Fire Exit Lift WC WC Lift Office Storage Bedroom 1 WC WC Staff WC Be droom 2 Lift Office Room WC Stock Room Storage Office Elec * GF Reception at 313 sq ft (29.1 sq m) not included in NIA

Kitchen Locked Office Stock Office Room Locked door Fridge Fire Kitchen Area Exit

Pub Fridge Stock Fire Area Fire Area Exit Exit Pub Fire Exit Lift Fire Exit

Void Lift Fire Exit Bedroom 1 Staff WC Storage Bedroom 2 Room WC Stock Bedroom 1 WC Storage Room Staff Storage Bedroom 2 Elec Room WC Stock Room Storage Elec Locked Office Stock Room Locked door Lift Locked Office Stock Room Locked door Stock Area

Stock Area

Void

Void RE CEPTION

Lift Lift Office Restaurant/Bar Residential Second Floor Third Floor Fourth Floor

Mech Not to scale. Indicative only.

Fire Exit Entrance RE CEPTION RE CEPTION Third Level

Mech Second Level Fourth Level

Lower Ground Mech

Fire Exit Entrance Ground Level Fire Exit Entrance

First Level Third Level Third Level Second Level Fourth Level Lower Ground Second Level Fourth Level Lower Ground Ground Level Ground Level First Level First Level Curtain House EC2 31

TENANCY

OFFICES: RESTAURANT & BAR: • Multi-let offices producing a gross • Restaurant let to Belgabar trading as passing rent of £813,383 pa. The Blues Kitchen on a 15 year lease expiring 15 June 2034. • Full vacant possession of the offices achievable by August 2022. • Inside the 1954 LTA.

• Current passing rent of £415,000 pa.

• 5 yearly open market rent reviews.

• Landlord areas for previous rent review were 11,103 sq ft. Curtain House EC2 33

ASSET REDEVELOPMENT & REPOSITIONING

Striking internal atrium with centralised bridge connections

New entrance on Rivington Place in Corten Steel

OPTION 1 CONSENTED SCHEME Planning permission granted in March 2020 (subject to completion of a S106 legal agreement) for comprehensive refurbishment and redevelopment of Curtain House to provide:

• Striking new office reception with new lift and stair core to improve occupier access.

• Erection of a new four-storey building fronting Rivington Place providing improved rear access and a dedicated cycle and servicing entrance.

• Demolition of part of Listed Building and erection of part single- and part two-storey extension to provide additional floorspace at second and third floor levels.

• Striking internal atrium connecting front and rear buildings improving natural daylight.

• Dedicated cycle storage, shower and changing facilities.

Further information can be found at https://hackney.gov.uk/planning-searches under references 2019/3445 and 2019/3453.

Sensitive restoration of historic features to provide a landmark media style office building Curtain House EC2 35

Consented scheme looking North East Consented scheme looking South West

1 1 1 NewNew core core New core

1 1 1 2 2 2 1 1 1 NewNew core core New core LightwellLightwell infilled infilledLightwell infilled NewNew core core New core 2 2 2 2 2 2 LightwellLightwell infilled infilledLightwell infilled LightwellLightwell infilled infilledLightwell infilled

3 3 3 3 3 3 NewNew plant plant New plant gantrygantry gantry NewNew plant plant New plant gantrygantry gantry

4 4 4 4 4 4 NewNew rear rear New rear NewNew rear rear New rear extensionextension extension extensionextension extension

5 5 5 NewNew basement basement New basement extensionextension extension

ExistingExistingExisting 1. 1.New New Core1. Core New Core 2. 2.Rear Rear Extension2. Extension Rear Extension 3. 3.Rear Rear Extension3. Extension Rear Extension + Basement+ Basement + Basement Existing 1 - New Core 2 - Rear Extension 3 - Rear Extension Under-developed rear elevation with + Basement planning consent for additional massing Curtain House EC2 RIVINGTON PLACE 37

CONSENTED OFFICE Y B B O L FT I ACCOMMODATION L

RESTAURANT PLANT

HUT Architects have provided the following floor areas:

FLOOR USE EXISTING GIA CONSENTED GIA CONSENTED NIA U P m m r r Y B B O L

F T SQ M SQ FT SQ M SQ FT SQ M SQ FT I L RESTAURANT 4th Office 730.4 7,862 748.0 8,052 609.0 6,550

3rd Office 720.9 7,760 998.0 10,739 799.0 8,597

2nd Office 865.8 9,319 1,084.0 11,668 867.0 9,335

1st Office 1,382.5 14,881 1,312.0 14,124 1,094.0 11,780 CURTAIN ROAD

Office 242.0 2,600 Lower Ground Floor Ground Floor First Floor Ground 654.2 7,042 639.0 6,873 Reception/Café 127.0 1,370

Lower Ground Meeting Room 222.1 2,391 625.0 6,729 83.0 891 ã =

OFFICE TOTAL: 53,830.4 49,255 5,406.0 58,185 3,821.0 41,123 M N R NB: The restaurant & bar comprising 13,018 sq ft (1,209.4 sq m) remains

unchanged in the consented scheme. M m m r r U P

Not to scale. Second Floor Third Floor Fourth Floor Indicative only. Curtain House EC2 39

OPTION 2 OPTION 3 REFURBISHMENT OF THE EXISTING PHASED REDEVELOPMENT • Utilise the current building envelope and • Implement the consented scheme on a carry out a full refurbishment of the existing phased or partial basis. building. • Repositioning of the office reception and • Striking new office reception with new lift core. and stair core to improve occupier access. • Increase to the massing at the rear of the • Comprehensive refurbishment and building on Rivington Place. interconnection of the office floors. • Extension of the basement and the • Dedicated cycle storage, shower and introduction of a glazed atrium changing facilities.

PROFESSIONAL TEAM:

Architect Planning Consultant

THE HERITAGE PRACTICE Alan Baxter

Heritage Consultant Daylight/Sunlight Consultant Structural Engineer

M&E Consultant Project Management Heritage Architect Curtain House EC2 41

TENURE PLANNING SHOREDITCH TOWN HALL

Freehold. Grade II Listed (2006).

Located within the South Shoreditch Conservation Area in the London Borough of Hackney. OLD STREET

CURTAIN ROAD

Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved RIVINGTON STREET

COTTONS

THE DINER SHOREDITCH Curtain House EC2 43

INVESTMENT MARKET OCCUPATIONAL MARKET

• Strong demand for London “value-add” • Shoreditch - one of Central London’s best • Home to boldest, brightest and most exciting opportunities. performing office sub-markets. names in global business including Adobe, Amazon, CBS Interactive & FarFetch. • Acute shortage of prime Grade A office • Strategic location in the City Fringe, availability in the City Fringe. benefiting from supply constraints in the City • Significant investment and development • Shoreditch - robust occupational and investment & West End. from numerous high-profile developers. credentials, underpinned by a severe lack of supply, • Mass market appeal & the destination of • Prime rents of £70.00 psf. affordable rents relative to the West End & City Core. choice for financial, TMT fashion & creative • Average rent-free periods of 15 months occupiers. • Prime yields of 4.00 – 4.25%. on 10 years & 9 months on 5 years. • Capital values in excess of £1,300 psf.

DATE ADDRESS PRICE NIY CAPITAL VALUE DATE ADDRESS AREA TENANT LEASE RENT (£ PSF) (SQ FT) TERM (£ PER SQ FT) The Lever Building, Quantiq Technology Mar-21 £38,500,000 4.24% £1,257 Mar-21 10 Chiswell Street, EC1 6,938 - £69.50 85 Clerkenwell Road, EC1 Limited Saffron House, Mar-21 £78,305,000 5.00% £1,073 Feb-21 Panagram, 27 Goswell Road, EC1 28,483 Leigh Day 12 £65.00 6-10 Kirby Street, EC1 Cordy House, Knight's Quarter, Oct-20 3,181 Elements Global Services 3 £60.50 Nov-20 £17,600,000 4.20% £895 87-95 Curtain Road, EC2 14 St John's Lane, EC1 Tea Building, Oct-20 7,912 Capital On Tap - £120.00 Oct-20 20-24 Kirby Street, EC1 £18,500,000 4.44% £828 56 Shoreditch High Street, E1 Aug-20 28 Kirby Street, EC1 3,055 The Keyholding Company - £62.50 Jul-20 17-18 Haywards Place, EC1 £15,600,000 4.17% £1,391 Jun-20 Stylus, 112-116 Old Street 5,437 Greensill Capital 5 £71.50 Chapter House, Jun-20 £46,000,000 4.49% £1,354 1-2 Cranwood Street, EC1 Tea Building, Jun-20 4,817 Buckley Gray Yeoman 5 £67.50 56 Shoreditch High Street, E1 Apr-20 90 Bartholomew Close, EC1 £48,500,000 3.92% £1,568 Verse Building, Jun-20 2,121 Kaizen Search 5 £75.00 Quick & Tower House, 1-2 Cranwwod Street, EC1 The Old School House, Mar-20 65 Clifton Street & £63,500,000 2.17% £1,182 Feb-20 - 42 Acres - £65.00 67-73 Worship Street, EC2 66 Leonard Street, EC2 70 Wilson Street & 50 Worship Street, Feb-20 £92,000,000 4.95% £1,311 Feb-20 61-67 Old Street, EC1 1,582 Doone Silver Kerr 5 £65.00 EC2 Curtain House EC2 45

INVESTMENT RATIONALE

• Striking Victorian Warehouse located in the heart of the Shoreditch Triangle – Central London’s creative & TMT hotspot.

• Excellent connectivity – less than 10 minutes’ walk from five central London stations including Elizabeth Line Services (Crossrail) at Liverpool Street Station.

• Mass occupier appeal – first class local amenities.

• Rare opportunity to create best-in-class occupier space in the City Fringe.

• Vacant possession of the offices by August 2022 allowing immediate value enhancement.

• Planning consent granted in March 2020 for a comprehensive redevelopment.

• Grade II Listed – no empty rates payable.

• Freehold.

• Low capital value of £803 psf compared to recent Shoreditch and Clerkenwell transactions of more than £1,300 psf. Curtain House EC2 47

FURTHER INFORMATION PROPOSAL

Offers in excess of £43,500,000 (subject to contract) VAT Capital Allowances EPC reflecting a low capital value of £803 psf. Curtain House is elected for VAT and No unclaimed capital allowances Available on request. it is anticipated that the transaction are available. with be treated as a Transfer of Going Concern (TOGC).

CONTACT

For further information or to arrange an inspection, please contact:

Dominic Rowe Chris Antoniou [email protected] [email protected] +44 (0) 7771 766 094 +44 (0) 7789 888 971

Mark Shipman James Taylorson [email protected] [email protected] +44 (0) 7850 514 414 +44 (0) 7843 668 730

Nick Steele [email protected] +44 (0) 7771 357 714

Declaration: Michael Elliott LLP & Ellis Brown on its behalf and as agents for the Vendors or Lessors of this property, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Michael Elliott LLP and Ellis Brown use reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. Michael Elliott LLP & Ellis Brown as such cannot be held responsible for any loss or damage whatsoever, including without limitation, any direct, indirect, or consequential loss or damage or any loss of profits resulting from direct or indirect actions based upon the content of these particulars. 3. No person in the employment of Michael Elliott LLP & Ellis Brown has any authority to make any representation or warranty whatsoever in relation to this property or the company and potential Purchasers, Lessees or Third parties will therefore not rely upon any statement made, or information provided, by any employee of Michael Elliott LLP & Ellis Brown. 4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication for guidance purposes and, unless otherwise stated, are quoted exclusive of VAT. Lease details and service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contract(s). May 2021 www.cube-design.co.uk (Q4751)