The Soho Portfolio Executive Summary the Soho Portfolio

THE SOHO PORTFOLIO EXECUTIVE SUMMARY THE SOHO PORTFOLIO

• An exceptional opportunity to acquire a portfolio of properties in the heart of Soho.

• Opportunities to actively asset manage a highly reversionary and prominent portfolio situated in Soho, London, W1.

• The properties benefit from excellent communications, which will be substantially enhanced by the new Crossrail station at Tottenham Court Road.

• ‘The Soho Portfolio’:

1 26 Frith Street, London, W1D 5LD TOTTENHAM COURT ROAD 2 33A Dean Street, London, W1D 4PP

3 37 & 38 Frith Street, London, W1D 5LJ / 24 Romilly Street, London, W1D 5AH (two freehold titles)

4 Ground floor & Basement, 30-31 Peter Street, London, OXFORD STREET W1F 0AP (long-leasehold)

5 First to Fourth floors, 30-31 Peter Street, London, W1F 0AP (including freehold title)

6 20 Great Chapel Street, London, W1F 8FW

• Six freehold interests and one new 999 long-leasehold interest.

• We are instructed to invite offers in excess of £14,450,000 for the portfolio, reflecting a combined average capital value of £955 per sq. ft. on the existing accommodation.

• The properties are also available on an individual basis. 6

WARDOUR STREET CANARY WHARF CITY OF LONDON

CENTRE POINT

SHAFTESBURY AVENUE SOHO SQUARE

1 3

5 4 LOCATION THE SOHO PORTFOLIO

Covering an area of approximately one square mile, Soho is one of London’s most iconic areas. Bounded by internationally renowned thoroughfares including Oxford Street and Regent Street, it is an integral part of the West End’s unique character. Soho has evolved to become the cultural centre of the West End. Its association with London’s fashion and entertainment culture has led to the area becoming a hub of creative and media based industries. Key Soho occupiers include: Sony, 20th Century Fox Film Company & M&C Saatchi to name but a few. In recent years Soho has benefited from substantial investment and redevelopment, including Crossrail, which is due for completion in 2018. It has been the catalyst for the regeneration of the area, particularly East Soho. The future is extremely positive, with the larger office schemes likely to encourage a more diverse occupier market in the area, creating a synergy of creative and financial industries. The presence of financial and tech based occupiers is currently being established as exemplified by the lettings to Exponent Private Equity, Jagex Gaming and BCG Digital at Great Portland Estates’ 30 Broadwick Street office development. COMMUNICATIONS Soho’s communication network provides unrivalled access with a number of Underground stations within close proximity, including: Tottenham Court Road, Oxford Circus and Piccadilly Circus. CROSSRAIL / THE ELIZABETH LINE Crossrail, which is due for completion in 2018, is set to substantially enhance London’s transport network. The Crossrail route will run over 100km across west London through to east London. In total, there are to be 40 Crossrail stations - with Tottenham Court Road station estimated to have over 100,000 passengers daily using the station (www.crossrail.co.uk). Both the new ticket hall and station entrance are within close proximity to the Soho Portfolio of properties.

THE SOHO PORTFOLIO

Twyford

Reading

THE SOHO PORTFOLIO

The Soho Portfolio comprises six Freehold interests (three adjoining properties) and one virtual freehold interest, all located within close proximity to one another. The subject properties are all situated within the Soho Conservation Area. The salient details of the properties are: 1 26 FRITH STREET, LONDON W1D 5LD Freehold. Retail and Residential use. Total approximate area of 1,941 sq. ft. / 180 sq. m. Let on a single lease until August 2021, with a total current receivable rent of £40,000 per annum. There is an outstanding rent review from August 2016. Offers are sought in excess of £2,000,000. A purchase at this level reflects a capital value of approximately £1,030 per sq. ft. / £11,092 per sq m. 2 33A DEAN STREET, LONDON W1D 4PP Freehold. Retail and Residential use. Total approximate area of 2,258 sq. ft. / 210 sq.m. (NIA). Let on a single lease until December 2024 with a current rent of £30,000 per annum. Outstanding rent review effective December 2014 (time is not of the essence). Offers are sought in excess of £2,000,000. A purchase at this level reflects a capital value of approximately £886 per sq. ft. / £9,533 per sq.m. 3 37 & 38 FRITH STREET, LONDON W1D 5LJ 24 ROMILLY STREET, LONDON W1D 5AH Two freehold interests covering three adjoining properties. Restaurant, Retail and Residential use. Total approximate of 4,671 sq. ft. / 434 sq. m. The property is currently subject to two leases as follows: 1. 37 Frith Street (entire), 24 Romilly Street (GF & Bst) & 38 Frith Street (Bst), expires in July 2026. 2. 38 Frith Street (GF - 3rd Flrs), expired in September 2015 and is holding over. The upper parts of 24 Romilly Street are curently vacant. The leases provide for a total passing rent of £133,000 per annum. The tenant of 38 Frith Street purportedly served a Section 26 Notice dated 26 April 2016 requesting a new 25 year lease from 25 April 2017 at a rent of £30,000 per annum. The renewal request is being challenged on various grounds. Offers are sought in excess of £5,500,000. A purchase at this level reflects a capital value of approximately £1,177 per sq. ft. / £12,674 per sq. m. 4 GROUND FLOOR & BASEMENT 30-31 PETER STREET, LONDON W1F 0AP Virtual freehold - a new 999 year long-leasehold interest is to be offered. A3 Restaurant use. Total approximate area of 1,321 sq. ft. / 122.72 sq. m. (NIA). Let until November 2022, with a current rent of £40,000 per annum. Rent review effective in November 2017. Offers are sought in excess of £1,700,000. A purchase at this level reflects a capital value of approximately £1,287 per sq.ft. / £13,855 per sq. m. 5 FIRST TO FOURTH FLOORS, 30-31 PETER STREET, LONDON W1F 0AP Freehold (subject to the proposed long leasehold interest to be created on the ground floor & basement). Office and Residential use. Total approximate area of 2,643 sq. ft. / 246 sq. m. Let on two leases both of which expire in October 2038. A total rent of £12,958 per annum is receivable. The lease for the first floor has an outstanding rent review effective in October 2016 and the lease for the second to fourth floors has a rent review effective in October 2018. Offers are sought in excess of £1,000,000. A purchase at this level reflects a capital value of approximately £378 per sq. ft. / £4,072 per sq. m. Note Offers are also invited for the purchase of 30-31 Peter Street as a single freehold entity 6 20 GREAT CHAPEL STREET, LONDON W1F 8FW GOODGE ST Freehold. Office and Residential use.

G GT PORTLAND STREET R E Total approximateA area of 2,289 sq.ft. / 213 sq.m. (NIA). P T

O T I THE BRITISH R T C T H MUSEUM L Offered with fullF vacant possession. ORD EET I F STR A E M H DIS L BED N D BLOOMSBURY CAVE N T A HARLEY STREET S OTTENHAM COUR NEW D SQUARE T R GO S ROAD T W LSTREET D STREE Y GARDENS E I P Offers are sought in excess of £2,250,000. A purchase at this level reflects a capital value of L GL M A EA L L W PO E GREAT RUSSEL B E A R E EO L B QUA R TREE E C approximately £982 per sq.ft. / £10,581 per sq.m. S H S T O T ORD ST DF W E BLAN S N ELBECK STREET REET N T E E W REET T M H M A A BA BE R TREE N I S Y G REET L RN S T ST E T

KER E H B RTIMER RG O E R ROA EO E G O M R STREETS E GLOUCESTER S N T

E N T OR

S L D LB R O HOLBORN A E H TR C

N A IG H E L H

E E ISH P EET ND T CAVE ET S STRE O XFORD U CAVENDISH NEW O N T PLACE R H RE STRE ET SQUARE BO A LINCOLN’S INN O OL M FIELDS WIGM H P H T IG ET O REET H E T G R PORTLAND T N XFORD S R S SQUARE O E TOTTENHAM N A R HO E T CA SO E U O Q T W HP COURT RD E A C N E D R E H E L 6 L G L D

OXFORD S A ST R T U RE R R UA S Y Q G I N L S N E A CIRCUS R D N E R E E G A K G W S A D T C R R REET D E R ST A E S T H B O N F E O T E G E E U R T R R U ST HANOVER O R S O I D R R T S OR BO W T H MARBLE F L S H S X R S O R I SQUARE A C T DR M E S T K R E G E T R UR S T R Y E O ARCH BOND ST T T E LANE R E COVENT B E T A O E 2 W C T D ST A R R H E N OP GARDEN E A T B K Y L I 1 T S E N E R X S E T I R E R N ST T H E G T S C G E S 3 Y T R T L E T O TE S A W N E COMPTON STREETLY R D N P D IL LO L ET S R 4 OL M F A RE T T O N ST R U R REE E P G S E E E T R R T T 5 C R S A T NG E RE O T E L COVENT EE E TR T G T GARDEN S O K LDE MARKET OC EET ST STR N E VI NOR SQ REET U LEICESTER ST A SVE S N T RO A UARE ST ING G ET V R E K IL V ET PARK STREET E TEMPLE RE E WE A R SQUARE E T ST ST RO BR Y E S T L R S M W LI DUI U A N B R CO S T I E N E

’ T S G N A LA T F L E R E A EN R A R ID T N IC A E M NS H K TO S LEICESTER S T RU SQUARE R B E E PICCADILLY T B E R PL SQ K S T U E CIRCUS DO TREE A LE N NT S R Y HA MOU E HAYMARKET C W REET ATER R ST D NGE O EG RA P V A O P A E L A R R BEMARLE EN R S L K ET T OO K E R L R E T S L ST E A A L T N L ST BR N HI T E E RE ID ET Y TREET LL YN S G DI RM TRAFALGAR E CCA JE PI SQUARE D AN S TR GREEN PARK S’ S CHARING EMBANKMENT ST JAME S ST T J R NORT CROSS AM SPU HUM CK BERL CL ES’S CO AND A AVE RGES STREE RE UA S SQ REET T ZON ST REET CUR T ACE LY E L W AC IL SE TERR L PL D MAL OU AL HYDE PARK A H H ITEH C ON I WH IC PALL RLT T P CA E ET H TRE T S A RD N FO L RT E HE L M H K O N R A SE HORSE L B L GUARDS M A G M PARADE E D E U A TH A O S RDS R T K ABLE R

D O Y R JUBILEE A A Y HYDE PARK R D GARDENS O D R E R CORNER E D E V L GREEN PARK E RICHMOND TERRACE B WATERLOO E ST JAMES’S PARK SBRIDG CONSTITUTION HILL KNIGHT KI NG CHARLES ST

G WESTMINSTER RO V SV EN ESTREETE O BUCKINGHAM

SLOAN R P PALACE WESTMINSTER BRIDGE LA C E BIRDCAGE WALK D R ET CE RE E LA ST V A BROADWAY TOTHILL STREET A A P RI GR M E O L A ANC T E H Y FR IC B G PETT V IN K C U ST JAMES’S ET RE B ST E ALKIN R PARK WEST H UA SQ

VICTORIA 26 FRITH STREET LONDON W1D 5LD

DESCRIPTION The property is arranged over basement, ground and three upper floors. The basement and ground floors are occupied by hairdressers (Blade Soho Limited). The three upper floors are regulated by a HMO licence (House in Multiple Occupation) and are subsequently for residential use. The subject property is Grade II listed (List entry no.:1289763). ACCOMMODATION FLOOR FLOOR AREAS DESCRIPTION SQ. FT. SQ. M. Basement 330 27.9 Retail: occupied by Blade Soho Ltd Ground 304 28.2 Retail: occupied by Blade Soho Ltd First1 452 42 Residential (HMO): communal area and room 1 Second 437 40.6 Residential (HMO): rooms 2, 3 and 2 x bathroom/shower room Third 418 38.8 Residential (HMO): rooms 4, 5 & 6 and communal utility room TOTAL 1,941 180.3

Notes All residential measurements are G.I.A 1Measurement includes Ground Floor entrance TENANCY The entire property is let on a full repairing and insuring basis for a term of 25 years from 6th August 1996 (expiring 5th August 2021) at a passing rent of £40,000pax. The lease is protected by the Landlord & Tenant Act 1954 Part II. The current tenant is Endlea Investments Ltd who acquired the leaseSoh byo assignment from the original tenant - Little Cabin Ltd. The lease is subject to an outstanding open market, upwards only rent review dated 6th August 2016. GROUND FLOOR & BASEMENT The lessee has sublet the ground floor and basement to Blade Soho Ltd. The sublease commenced on 14 May 2012 (expiring on 01 August 2021) and is subject to an open market rent review on 14 May 2017 and a Tenant Break on 14th May 2018. The current rent reserved by the sublease is £45,000 per annum. The sublease is protected by the Landlord & Tenant Act 1954 Part II. UPPER FLOORS The upper floors have been sublet to a number of residential occupiers under an HMO licence granted in October 2012 for a term of five years. TENURE The property is held Freehold. VAT The property is not opted for VAT. EPC Provided upon request. PROPOSAL Offers are sought in excess of £2,000,000 (TWO MILLION POUNDS), subject to contract. A purchase at this level reflects a capital value of approximately £1,030 per sq. ft. / £11,092 per sq. m.

DESCRIPTION The subject property comprises a mixed-use building arranged over basement, ground and three upper floors. The basement and ground floors are retail premises (class A1). The upper floors (which have a separate entrance) consist of five self-contained residential apartments and have been sublet by the lessee. The property is Grade II listed (List entry no.:1290588). ACCOMMODATION FLOOR FLOOR AREAS DESCRIPTION SQ. FT. SQ. M. Basement 384 35.7 Retail (plus vaults 107 sq. ft.) Ground 408 37.9 Retail First 257 23.9 Studio flat (1) 211 19.6 Studio flat (2) Second 280 26 Studio flat (3) 221 20.5 Studio flat (4)Soho Third 497 46.2 One bedroom flat (5) TOTAL 2,258 209.8

Notes The residential units have been measured as net saleable.

TENANCY The property is let in its entirety to A Orlando and A Castellana on a full repairing and insuring basis for a term of 15 years from 24 December 2009 (expiring on 23 December 2024). The lease is protected by the Landlord & Tenant Act 1954 Part II. The current rent payable is £30,000 per annum. The lease provides for an open market, upwards only rent reviews every fifth anniversary. The December 2014 rent review is currently outstanding but the lease provides that time is not of the essence in relation to the rent review. The next rent review is 24th December 2019. The tenant has sublet parts of the property and further information can be obtained upon request. TENURE The property is held Freehold. VAT The property is not opted for VAT. EPC Provided upon request.

PROPOSAL Offers are sought in excess of £2,000,000 (TWO MILLION POUNDS), subject to contract. A purchase at this level reflects a capital value of approximately £886 per sq. ft. / £9,533 per sq. m.

DESCRIPTION 37 Frith Street is arranged over basement, ground and three upper floors. The basement to second floors are used for restaurant (class A3) use. The basement at the property interlinks with the basements of 38 Frith Street & 24 Romilly Street, which are all used in conjunction with the restaurant. The ground floor restaurant at 37 Frith Street also connects to the ground floor of 24 Romilly Street (also in restaurant use). The third floor is a residential apartment. 38 Frith Street is arranged over basement, ground, first, second and third floors. The ground floor is a retail premises, currently trading as a hairdresser. The upper floors are currently occupied as three self-contained apartments. The upper parts of 24 Romilly Street comprises vacant residential accommodation, in need of refurbishment, arranged over first, second and third floors. The premises are accessed from Romilly Street via a communal entrance. 37 and 38 Frith Street are Grade II listed (List entry no.: 1357017). ACCOMMODATION Soho FLOOR FLOOR AREAS DESCRIPTION SQ. FT. SQ. M. 37 FRITH STREET, LONDON, W1D 5LJ Basement1 985 91.5 Dining, kitchen, WC’s & storage area Ground 2 702 65.2 Main dining area. First 211 19.6 Private dining and WC Second 212 19.7 Private dining and WC Third 239 22.2 Residential apartment (GIA) SUBTOTAL 2,349 218.2 38 FRITH STREET, LONDON, W1D 5LJ Ground 162 15.1 Retail First 232 21.63 In Residential use Second 177 16.43 In Residential use Third 269 253 In Residential use SUBTOTAL 840 78.1 (Measurement includes mezzanine areas) 24 ROMILLY STREET, LONDON, W1D 5AH Ground Entrance First 503 46.7 Residential (vacant) Second 489 45.4 Residential (vacant) Third 490 45.5 Residential (vacant) SUBTOTAL 1,482 137.6 (GIA)

TOTAL 4,671 433.9

Notes 1 The basement floor area is inclusive of the basements of 38 Frith Street & 24 Romilly Street. The floor area includes the vault area. 2 This measurement is inclusive of the ground floor of 24 Romilly Street. 3 Measurements are net saleable

Experian Goad Plan Created: 08/04/2016 Created By: Oraclecreative 50 metres Copyright and confidentiality Experian, 2016. © Crown copyright and For more information on our products and services: database rights 2016. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011 TENANCIES The property is let by way of the leases set out below with a total current passing rent of £133,000 per annum, with vacant possession of the upper floors of 24 Romilly Street. 37 FRITH STREET, BASEMENT 38 FRITH STREET & GROUND FLOOR & BASEMENT 24 ROMILLY STREET The above properties are held under a single full repairing and insuring lease to Wei Shao (trading as Ba Shan restaurant) for a term of 12 years from 29 July 2014 (expiring on 28 July 2026). The lease is protected by the Landlord & Tenant Act 1954 Part II. The current rent is £105,000 per annum and is subject to review (open market, upwards only) on every fourth anniversary. The next review is on 29 July 2018

38 FRITH STREET A full repairing and insuring lease was granted to North West London Investments Ltd for a term of 12 years from 29 September 2003, expiring on 28 September 2015 with four yearly rent reviews. The lease was protected by the Landlord & Tenant Act 1954 Part II on the assumption that the tenant remained in business occupation as at 28 September 2015. The passing rent is £28,000 per annum. The tenant has purportedly served a Section 26 Notice dated 26 April 2016 requesting a new lease for 25 years from 25 April 2017 at a rent of £30,000 per annum. The renewal request has been challenged on various grounds. The tenant has sublet various parts of the property and further information can be obtained upon request.

1ST-3RD FLOORS 24 ROMILLY STREET These floors have residential use and benefit from vacant possession. Historically, the floors were let on leases protected under the Rent Act 1977 however on 24 June 2014 the Valuation Office Agency confirmed cancellation of this registration. The premises are in need of refurbishment. VAT The property is not opted for VAT. EPC Provided upon request. TENURE The properties are held under two Freehold interests. 37 Frith Street and 38 Frith Street are held under one title with 24 Romilly Street held under a separate title. PROPOSAL Offers are sought in excess of £5,500,000 (FIVE MILLION AND FIVE HUNDRED THOUSAND POUNDS), subject to contract. A purchase at this level reflects a capital value of approximately £1,177 per sq. ft. / £12,676 per sq. m. 30-31 PETER STREET LONDON W1F 0AP

DESCRIPTION The subject property comprises a mixed use building arranged over basement, ground and four upper floors. The ground floor and basement are used as restaurant premises (class A3). The first floor is an office with its own self-contained street level entrance. The second to fourth floors comprise of four residential apartments, benefitting from their own entrance at street level (separate to the first floor office).

ACCOMMODATION

FLOOR FLOOR AREAS DESCRIPTION SQ. FT. SQ. M. Basement 685 63.6 Restaurant (kitchen and storage areas) Ground 636 59.1 Restaurant (dining area) SUBTOTAL 1,321 122.7 First 538 50 Office Second 716 66.5 Residential (flat A) Balcony 62.75 sq. ft. / 5.83 sq m. Third 386 35.9 Residential (flat B) 364 33.8 Residential (flat C) Fourth 639 59.4 Residential (flat D) Balcony 76.31 sq. ft. / 7.09 sq m. SUBTOTAL 2,643 245.6 TOTAL 3,964 368.2 (plus outside terraces on 2nd & 4th floor)

Notes The residential units have been measured as net saleable.

OPTION 1 : BASEMENT & GROUND FLOORS (RESTAURANT)

TENANCY The lease is held on effective full repairing and insuring terms for 15 years from 10 November 2007 and is protected by the Landlord & Tenant Act 1954 Part II. The current tenant, Bone Daddies Ltd, acquired the lease by assignment from the original tenant, Desaru Ltd in September 2012. The current rent receivable is £40,000 per annum with an upward only open market rent review on 10th November 2017.

TENURE Virtual Freehold - a new 999 year long-leasehold interest at a peppercorn ground rent is to be granted.

VAT The property is not opted for VAT.

EPC Provided upon request.

PROPOSAL Offers are sought in excess of £1,700,000 (ONE MILLION AND SEVEN HUNDRED THOUSAND POUNDS), subject to contract for the benefit of the leasehold interest. A purchase at this level reflects a capital value of approximately £1,287 per sq. ft. / £13,852 per sq. m. OPTION 2 : UPPER FLOORS FIRST FLOOR This property is held on effective full repairing and insuring terms held by way of a 42 year lease which commenced on 26 October 1996 (expiring on 25 October 2038) to Throgmorton Investments Ltd. The current tenant acquired the lease by assignment from PJ Martindale, the original tenant, in February 2001. The current rent receivable is £2,707.76 per annum. The lease is subject to five yearly rent reviews, with the last dated 26 October 2016 (currently oustanding). The review disregards any improvements made to the property by the tenant -full information available on request. A sublease has been granted to Bone Daddies Ltd (the same tenant of the ground floor and basement premises) for a term commencing on 15 November 2013 and expiring on 15 October 2038. The subtenant has an option to break on every fifth anniversary subject to six months prior written notice - the next of which is on 15 November 2018. Both the lease and sublease are protected by the Landlord & Tenant Act 1954 Part II.

SECOND TO FOURTH FLOORS Soho Soho Housing Association Ltd hold a full repairing and insuring lease for the premises which they acquired by assignment from the original tenant, Soho Ltd in 1998. The lease is for a term of 50 years from 26 October 1988 (expiring 25 October 2038) and the rent passing is £10,250 per annum. The lease is subject to five yearly open market, upwards only rent reviews, the next of which is in October 2018. The review excludes any tenants’ improvements (which includes conversion of the premises to its current configuration as four self-contained apartments) and the rent is to be reviewed to the “condition as evidenced by the ‘Schedule of Conditions’”. Further information relating to the rent review and the schedule of condition can be provided upon request. The individual flats are each let out by Soho Housing Association Ltd.

TENURE The property is offered Freehold, subject to the new 999 year long-leasehold interest of the ground and basement.

VAT The property is not opted for VAT.

EPC Provided upon request.

PROPOSAL Offers are sought in excess of £1,000,000 (ONE MILLION POUNDS), subject to contract. A purchase at this level reflects a low capital value of approximately £378 per sq. ft. / £4,072 per sq. m.

OPTION 3 : ENTIRE PROPERTY - FREEHOLD PROPOSAL We also invite offers for the purchase of the property as a single entity, held Freehold. Offers are sought in excess of £2,700,000 (TWO MILLION AND SEVEN HUNDRED THOUSAND POUNDS). A purchase at this level reflects an overall capital value of approximately £681 per sq. ft. / £7,332 per sq. m.

DESCRIPTION The subject property is arranged over basement, ground and four upper floors, with a separate two-storey building at the rear of the property. The basement to second floors (including the external areas) were last used as B1 offices. The third and fourth floors comprise a duplex residential apartment. ACCOMMODATION Soho FLOOR FLOOR AREAS DESCRIPTION SQ. FT. SQ. M. Basement 291 27 Commercial Ground 1 475 44.1 Commercial First 2 536 49.8 Commercial Second 380 35.3 Commercial Third 393 36.5 Duplex residential apartment Fourth 214 19.9 SUB TOTAL 2,289 212.7

Notes The residential apartment has been measured on a GIA basis.

TENANCY The property is offered with the benefit of full vacant posesion TENURE The property is held Freehold. VAT The property is not opted for VAT. EPC Provided upon request. PROPOSAL Offers are sought in excess of £2,250,000 (TWO MILLION TWO ESSENTIAL MUSIC HUNDRED AND FIFTY THOUSAND POUNDS), subject to contract. A purchase at this level reflects a capital value of approximately £982 per sq. ft. / £10,581 per sq. m.

RESIDENTIAL MARKET Soho’s residential market has continued to evolve and with values being at a discount to neighbouring Mayfair, it continues to attract interest from both domestic purchasers and overseas investors. The Crossrail development at Tottenham Court Road station and the subsequent infrastructural developments in the immediate location is resulting in Soho becoming unrivalled for connectivity, making it an attractive and desirable place to reside and invest. RETAIL AND RESTAURANT MARKET Soho is famous for its restaurant and leisure scene and demand in recent years has done nothing to alter that perspective. International retailers and restaurateurs continue to be attracted to the area which has led to exceptional rental growth. RECENT LETTING TRANSACTIONS

RESTAURANT COMPARABLES ADDRESS DEMISE TENANT USE AREA TOTAL RENT RENT PER DATE TAKEN (SQ FT) PER ANUM SQ FT 19-23 Broadwick Street GF Axel Arigato A3 1,636 TBC £159.50* Sep-16

81 Dean Street, W1 GLG Wagamama A3 5,457 £600,000 £158.00* Prelet - Sept 16

40 Beak Street, W1 GF & LG Sticks & Sushi A3 5,150 TBC £150.00* Prelet

48 Frith St LG, GF, First Cup Ltd A3 and 2,527* £125,000 £129.00* Rent Review 1st - 3rd Ancillary staff Sep-16 30 Broadwick Street, GF The Ivy A3 7,500 £658,000 £100.00 Jul-16

10 Frith St, W1 GF Nandos A3 3,391 TBC £121.00 Rent Review Mar 16 Rent per sq ft * Rate on best space RETAIL COMPARABLES DATE TAKEN DEMISE TENANT USE AREA TOTAL RENT RENT PER DATE TAKEN (SQ FT) PER ANUM SQ FT 43 Lexington Street GF Fernandez & A1 304 (ITZA) £55,000 £181 (ITZA) Lease Renewal Wells Oct-16

6 Silver Place GF Pappa Ltd A1 262 (ITZA) £48,000 £183 (ITZA) Aug-16

77 Beak St GF & LG Le Labo A1 295 (ITZA) £70,000 £238 (ITZA) Apr -16

8 Newburgh St GF & LG Mackintosh A1 637 (ITZA) £60,000 £200 (ITZA) May-16

37 Beak St GF & LG Moscot A1 796 £70,000 £221 (ITZA) Sep-15 Opticians Wardour St, W1 GF Joy A1 2,816 TBC £185 (ITZA) Rent Review Aug 15

NB the information on this page has been provided by third parties and is therefore subject to verification Property Consultants

For further information, access to the data room or to arrange an inspection, please contact:

Damien Field Ben Blausten Mark Hoffman Daniel Freedman T 020 7927 0620 T 020 7927 6331 T 020 7927 0634 T 020 7927 6334 E [email protected] E [email protected] [email protected] [email protected]

Please note that all floor areas have been recorded by BKR Floorplans. Purchasers are advised to verify all floor areas and satisfy themselves in that respect. Misrepresentation Act 1967. These particulars are intended only to give a fair description of the property and do not form the basis of a contract or any part thereof. These descriptions and all other information are believed to be correct but their accuracy is in no way guaranteed (July 2017).

Design and production by Oracle Creative www.oraclecreative.co.uk