TEN ARTILLERY LANE

SPITALFIELDS E1

A Vacant Freehold building located 150 metres from Street Station Executive Summary THE artillery building • spitalfields

Freehold

Located in a vibrant and central City location, situated on the southern side of Artillery Lane, accessed off , 150m from

The property provides 6,466 sq ft (600.70 sq m) of office and ancillary accommodation arranged over basement, ground and four upper floors

The property will be offered with full vacant possession

Potential to increase the net lettable area through rationalisation and extension, subject to obtaining the necessary consents

Suitable for a variety of uses including offices, private members club, restaurant/retail accommodation at ground floor and residential, subject to obtaining the necessary consents

Prime rents in the micro-location are north of £70.00 per sq ft for refurbished accommodation

Offers are sought in excess of £4,300,000 subject to contract and exclusive of VAT reflecting a capital value of £665 per sq ft on the net area of the existing accommodation Location & Connectivity THE artillery building • spitalfields

The Old Truman Fruit & Wool Spitalfields The the 5 Broadgate Principal The stage Brewery Exchange Market Shard Liverpool Street Estate UBS HQ Amazon UK HQ

SPITALFIELDS LONDON E1

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4-10 Artillery Lane is located in a vibrant and central City location, A number of high-profile developments have recently completed O A L CHIS S D WEL T L STR R EET E which is accessed from Bishopsgate, one of the City’s principal and have significantly enhanced the area including Bishops Square, E T thoroughfares. The property is within 150 metres of Liverpool Street Principal Place (Amazon’s UK HQ) and the . Future Station and the world-renowned Broadgate Estate. projects which will further enhance the location are ,

ET RE The Stage and the London Fruit and Wool Exchange. ST E B SE E IELD STREET L BRUSHF R Immediately to the north of the property is the Bishops Square Estate, OU DO TEET H N I R C TE ST R R K A EE LIVERPOOL CH T ERY L STREET ARTILL A L a unique Foster & Partners designed development owned by JP As well as being a prime office location, 4-10 Artillery Lane benefits TICKETHALL . A TE N M E ID Morgan and Tribeca Holdings stretching across 7 acres comprising from the vibrant and cosmopolitan retail, leisure and restaurant DL E SE X

S landmark offices, 21 retail and restaurant units, traders market and amenities situated within Bishops Square and Old Spitalfields Market. L T H ON . OL DON BOR WA N LL VIA various open public spaces. DU W CT ORMW ET The emergence of Spitalfields as a restaurant, fashion and tech E OO TE RE

T D T ST S REE H GA T E ET IG R T H A L The immediate area is home to a diverse occupier base including hub has established the immediate area as a 7-day a week O G PE S A P CH MO O TE H HI Amazon, Royal Bank of Scotland, Bacardi, Allen & Overy, WeWork, trading location attracting independent retailers alongside multi- IS W T B Survey Monkey, RBB Economics, CMC Markets and Salesforce. national operators. TE

CH REET EAPS E ST IDE EDL L NE E D The City M EA HR A T N L ILL EADENHA S CORNH LL STR T EET R EET E ST TR E . P IA S T AUL OR ’S C ICT HUR N V CHY UEE ARD Q EHH HE TEET TEET CAN UPPER THAMES STREET NON STR EET

Map not to scale, indicative only Connectivity

4-10 Artillery Lane benefits from the following excellent transport connectivity:

Station Services Distance

Hammersmith & City, Circle, Metropolitan and Central Underground lines, Liverpool Street 150 metres National Rail Services to Essex and East Anglia and Elizabeth Line (2018) Aldgate Circle and Metropolitan Underground lines 400 metres Aldgate East District, Hammersmith & City Underground lines 500 metres High Street London Overground Services 600 metres National Rail Services to Essex and East Anglia 800 metres District, Circle, Northern, Central, Waterloo & City Underground and Bank/Monument 800 metres Docklands Light Railway linking to Canary Wharf and City Airport

Elizabeth line ()

4-10 Artillery Lane is within a short walking distance (150 metres) of Liverpool Street Station which will act as the primary connection for Crossrail in the when delivered in December 2018. Crossrail, Europe’s largest infrastructure project, will provide unrivalled connectivity across London with direct access from Liverpool Street Station to Canary Wharf in 6 minutes, in 7 minutes and in 41 minutes.

Stansted Stratford Romford Shenfield

Hayes & Tottenham LIVERPOOL 8 27 42 Harlington Paddington Court Road STREET

61 27 18 10 7 4 2 2

Reading Ealing Bond Farringdon 41 Broadway Street 6 10 18 Luton Canary Custom Abbey Heathrow Gatwick Airport Wharf House Wood THE artillery building Local Occupiers Local Amenities THE artillery building • spitalfields

The property benefits from excellent amenities with Spitalfields Salesforce Tower is also close by, which is home to the famous 4 Market, Broadgate Circle and the Devonshire Square Estate a Duck & Waffle and Sushi Samba restaurants. To the east lies short distance away, providing a wide variety of retail, dining and Brick Lane which is home to London’s largest agglomeration of Old Street entertainment options. curry houses. The area is further characterised by the vibrant nightlife surrounding the Truman Brewery and its array of bars Great Eastern Street Box Park is located a short walk to the north, just behind and pop-up restaurants. 9 5 Shoreditch High Street Station. Next to the station lies Shoreditch Bethnal Green Road House which is run by the famous Soho House Brand.

Shoreditch

City Road High Street 8 10

12 Curtain Road

Clifton Street Worship Street 3 11 7 Commercial Street 6

Shoreditch High St.

4 OF BISHOPSGATE Primrose Street Square 7 2 Wilson Street 7 6 8 3 Spital Square 3 1 9 Sun Street Appold 3Street Old Spitalfields Market Artillery Lane Artillery Lane Middlesex Street Brushfield Street 2 1 min walk 1 min walk 1 min walk 2 mins walk 2 Liverpool Finsbury Pavement 1 Brick Lane Street Brushfield St. 11 Broadgate 1 5 1 7 Artillery Lane

Moorgate Commercial Street Finsbury 12 Bell Lane Circus Frying Pan1 Alley1

Bishopsgate 12

1 9 London Wall 10 3 4 Middlesex Street Brushfield Street Widegate Street Middlesex Street Frying Pan Alley 8 2 10 2 mins walk 2 mins walk 3 mins walk 3 mins walk Moorgate 11 Aldgate 5 East Old 12 9 10 Aldgate 8 Bishopsgate5 6 Lothbury 4 6

Insurance / Financial Media / Technology Professional Developments

1. RBS 1. WeWork 1. Bacardi 1. London Fruit & Wool Exchange

2. UBS 2. Second Home 2. Allen & Overy 2. 100 Bishopsgate Spital Square Bishopsgate Commercial Street Bishopsgate 3 mins walk 4 mins walk 4 mins walk 5 mins walk 3. Deutsche Bank 3. Amazon 3. RBB Economics 3. One Crown Place

4. Swiss RE 4. Runway East 4. Salesforce 4. Art’otel, Great Eastern Street

5. CMC Markets 5. Mother 5. Ashurst (2018) 5. 22 Bishopsgate

6. Allied Irish Bank 6. Factset 6. Clyde & Co 6. 13-14 Appold Street

7. Tullet Prebon 7. SapientNitro 7. Pinsent Masons 7. Blossom Street

8. Westpac Group 8. Williams Lea Tag 8. Herbert Smith Freehills 8. The Stage

9. Bloomberg 9. Uber 9. Squire Patton Boggs 9. Shoreditch Village

10. Trireme Insurance 10. Smart Focus 10. McDermott Will & Emery 10. The Goodsyard

11. Royal Bank of Canada (2018) 11. Currencycloud 11. Northumbria University 11. Principal Place Bethnal Green Road Commercial Street Great Eastern Street Shoreditch High Street 12. IHS Global 12. Google Campus 12. Coventry University 12. 100 Liverpool Street 6 mins walk 7 mins walk 7 mins walk 7 mins walk

Map not to scale, indicative only Source: Google Maps Local Developments THE artillery building • spitalfields

The micro-location has experienced substantial investment and development activity and will continue to be a focus for developers over the coming years with a number of developments planned or under construction.

A summary of the notable projects either recently completed, under construction or proposed is set out below:

1. 100 Bishopsgate, EC2 2. London Fruit & Wool Exchange, E1 3. One Crown Place, EC2 7. Blossom Street, E1 8. The Stage, EC2 9. Shoreditch Village Phase II, E1

Developer Brookfield Developer Exemplar/M&G Developer MTD Alloy Metals Developer British Land Developer Plough Yard Developments Developer Brockton Capital

Use Office Use Office & retail Office, hotel, members club Use Office, residential and retail Use Office, residential and leisure Use Office and retail Use and retail Size 878,693 sq ft Size 320,000 sq ft Size 347,000 sq ft & 46 C3 units Size 220,000 sq ft & 412 C3 units Size 96,000 sq ft (gross) Size 166,840 sq ft & 246 C3 units Completion Q4 2018 Completion 2018 Completion 2020/2021 (estimate) Completion Q2 2019 Completion 2020 + (estimate) Completion 2020 118,000 sq ft to Jefferies Group The office space is fully pre-let Comments Planning consented Comments Office space fully pre-let to WeWork Comments Subject to planning Comments and 218,500 sq ft to Royal Bank to Ashurst Comments Under construction Comments of Canada with option for further 50,000 sq ft

4. 84-86 Great Eastern Street & 5. 22 Bishopsgate, EC2 6. 13-14 Appold Street, EC2 10. The Goodsyard, E1 11. Principal Place, EC2 12. 100 Liverpool Street, EC2 1-3 Rivington Street, E1

Developer AXA Real Estate/Lipton Rogers Masterworks Development Developer Hammerson & Ballymore Developer Brookfield/ ENPAM Developer AXA Real Estate/Lipton Rogers Developer Aspirations Ltd Developer Corporation Use Office and hotel Use Office and retail Use Office, residential and retail Use Office, retail and residential Use Office and retail Use Office & hotel Size 55,000 sq ft & 318 bed hotel Size 1,380,000 sq ft Size 700,000 sq ft Size 634,000 sq ft & 301 C3 units Size 520,000 sq ft Size 80,000 sq ft & 392 bed hotel Completion 2021 + (estimate) Completion Q4 2019 Completion 2020 + Completion Q3 2017 Completion Q4 2019 Completion 2020 (estimate) Hotel space to be occupied Comments Under construction Comments Subject to planning Comments Offices 100% pre-let to Amazon Comments Under construction Comments by Art’otel Comments Planning consented The Artillery Building THE artillery building • spitalfields

Description Accommodation Floor Use NIA (sq ft) NIA (sq m) The building comprises 6,466 sq ft (600.70 sq m) of office and The current specification of the office space can be summarised The property has been measured by 4th Office 876 81.40 ancillary accommodation arranged over basement, ground and as follows: Pure Real Estate Services Limited in four upper floors. The existing office accommodation is dated accordance with the RICS Code of 3rd Office 1,128 104.83 – Suspended ceilings with mineral fibre suspended ceilings, raised floors and a Measuring Practice 6th Edition and 2nd Office 1,105 102.63 combination of recessed CAT 2 type lighting and surface – Raised floors International Measuring Standard mounted lighting. IPMS 3. The survey is assignable to 1st Office 1,118 103.89 – Recessed ‘CAT 2’ type lighting and surface mounted lighting a purchaser and a Duty of Care can The offices are serviced by a single staircase accessed off Office 1,017 94.52 – Passenger lift be provided. Ground Artillery Lane and a passenger lift. There is a secondary fire Reception 94 8.69 escape connecting the basement and ground floor to the east of – Air-conditioning Office 1,082 100.48 the building which could be converted into a secondary entrance – WCs (male & female on alternate floors) Basement to service the ground floor and basement. Storage 46 4.26 – Double glazed windows Total 6,466 600.70 – Raised floors

Typical Upper (1st) Floor

1,118 sq ft – 103.89 sq m

Riser W/C Lift

Circulation Office Up Down

Artillery Lane

Ground Floor

1,111 sq ft – 103.21 sq m

Lift

Office

Reception

Artillery Lane Floor plans not to scale, indicative only

Refurbishment Potential Tenure & Tenancy THE artillery building • spitalfields 6 Naut The property provides the opportunity for a comprehensive refurbishment. Consideration should be given to: e Tenure & Site Hous

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E 1 a and Library • Potential to increase massing through the addition of further floors; T c is registered at HM Land Registry r A

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t 2 The Steward • Taking advantage of the retail pitch through change of use at ground and basement to a retail/restaurant use (subject to obtaining the a 8 under two title numbers 184842 g s Building p o necessary consents). h s LB

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Plan not to scale, indicative only Comparable Transactions

Size Completion Tenancy Capital Value Address Tenure Price Purchaser sq ft Date Profile £/sq ft

2 Wakley Street, Vacant Owner 7,500 Q4 2017 FH £8,000,000 £1,067 N1 Possession Occupier CGI of indicative office layouts Argus House, Vacant Owner 175-179 St John Street, 14,201 Q3 2017 FH £14,200,000 £1,000 Possession Occupier EC1

66 Cannon Street, Vacant 14,048 Q3 2017 FH £14,500,000 £1,032 Bank of Beirut EC4 Possession

46 Worship Street, Vacant 3,102 Q3 2017 FH £3,500,000 £1,128 Touchstone EC2 Possession

8 Baltic Street East, Vacant Private 7,446 Q4 2016 FH £5,625,000 £755 EC1 Possession Investor

Short-term leaseback LaSalle 14-18 Copthall Avenue, 8,481 Q3 2016 FH until October 2016 to £6,750,000 £796 Investment EC2 Union Bank UK Plc Management

14 Dufferin Street, Single let to 2Q spaces British Antiques 3,972 Q2 2016 FH £3,500,000 £881 EC1 until July 2017 Association

42-46 Princelet Street, Vacant Possession Brockton 19,113 Q1 2016 FH £16,500,000 £863 CGI of indicative office layouts CGI of indicative retail frontage E1 by January 2017 Capital Further Information THE artillery building • spitalfields

Planning EPC

The property is located in the City of London. It is not listed, but The property has an EPC rating of E (125). A copy of the is situated within a conservation area. certificate is available upon request.

VAT Proposal

The property is elected for VAT. We are instructed to seek offers in excess of £4,300,000 (four million, three hundred thousand pounds) subject to contract and exclusive of VAT for the freehold interest in the property. This pricing reflects a capital value of £665 per sq ft on the net area of the existing accommodation.

contact

James Abrahams

T 020 7588 4433 E [email protected] Chris Room

T 020 7588 4433

E [email protected] DISCLAIMER: Allsop LLP on its behalf and for the Vendors or Lessors of this property, whose Agents they are, give notice that: 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. Details are Marsha Rabinovich given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or T 020 7588 4433 otherwise as to the correctness of each of them. No person in the employment of Allsop LLP has any authority to make any representation or warranty whatsoever in relation to this property. Unless E [email protected] otherwise stated, all prices and rents are quoted exclusive of VAT. January 2018.

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