The Property, As Well As Oxford Street, Marble Arch and Bond Street Which Will Benefit from Crossrail When It Opens in 2022

Self-contained, turnkey office building for sale in the heart of Mayfair

INVESTMENT HIGHLIGHTS

Situated in a desirable location on Park Street and within a short walk of Grosvenor Square and Hyde Park – 2,034 sq ft NIA / 3,016 sq ft GIA arranged across lower ground, ground and four upper floors – Private terrace – The existing building benefits from E class office use throughout. Alternative uses may be possible subject to the necessary consents and approvals – Available with vacant possession upon completion – Long leasehold (105 years unexpired at 10% gearing) – We are inviting offers in excess of £4,000,000 subject to contract – A sale at this level reflects an attractive capital value of £1,967 per sq ft NIA and £1,326 per sq ft GIA

2 3 THE CITY THE SHARD

SOUTH BANK

TOTTENHAM COURT ROAD

ST JAMES’S PARK

BOND STREET GREEN PARK GREEN PARK BERKELEY SQUARE

GROSVENOR SQUARE MARYLEBONE

BOND STREET

OXFORD STREET

PARK STREET

PARK LANE

HYDE PARK

MARBLE ARCH

4 5 LOCATION

82 Park Street is located on the eastern side of Park Street close to its junction with Upper Brook Street. Grosvenor Square and Hyde Park are a short walk away from the property, as well as Oxford Street, Marble Arch and Bond Street which will benefit from Crossrail when it opens in 2022.

The property is situated within the core of Mayfair’s commercial district, home to the corporate headquarters of multi- national, blue chip companies as well as private, investment and commercial banks. Surrounded by some of the most exclusive dining and social destinations in London and being a short distance from the leisure districts of the West End, Park Street is an enviable location for both work and leisure.

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There are two major London Underground Early 2022 will see the opening of the stations situated within 0.5 miles (10-minute Elizabeth line, transforming nearby Bond walk) from the property; Marble Arch and Street station into the epicentre of the Bond Street (Central and Jubilee lines). These West End. Prior to the Covid pandemic,

provide links to London mainline stations London approximately 155,000 passengers used this

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Waterloo and Liverpool Street. O In addition, station daily and this is anticipated to grow

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Green Park station is located 0.9T miles from the to over 220,000 passengers with 24 trains

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property which provides accessC to the Victoria per hour running at peak times in each

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stations such as Euston, King’s Cross, and St A ticket hall at Davies Street and an eastern E E

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Pancras. Further to this a number of buses run ticket hall on the corner of Hanover Square

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north and south on Park Lane which is a short A and Tenterden Street, are being constructed T

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walk from the property. S to cater for the increase in passenger

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N E U K OXF P U O PER B RD ROO D STR K STR EE EET T 26 mins 3 mins 1 min 4 mins 7 mins 10 mins 13 mins

EAST Paddington BOND STREET T Farringdon Liverpool Street Whitechapel Canary Wharf CAS Heathrow ottenham Court Road TLE P LACE (Moorgate Entrance) UPPER GROSVENOR STREET GROSVENOR OXFORD CIRCUS BRO SQUARE OK S TREET N HANOVER E

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T THE PROPERTY 82 Park Street is a self-contained office building comprising 2,034 sq ft NIA / 3,016 sq ft GIA arranged across lower ground, ground and four upper floors. The property benefits from a terrace which is accessed via the second floor.

The property is well presented throughout with a variety of period features, such as a feature fireplace in the reception, and more contemporary office accommodation on the upper floors. Office accommodation is situated on each floor with WCs and showers located on both the lower ground and fourth floor. The building is fully cabled, and comfort cooled throughout.

82 Park Street is to be sold with vacant possession upon completion making it very well suited for those wishing to purchase for their own occupation. The building may be suitable for alternative uses subject to the necessary consents and approvals.

The property is not listed but sits within the Mayfair Conservation Area.

10 11 ACCOMMODATION FLOOR PLANS N Floor plans not toFloor scale, indicative only

Fourth Floor Floor NIA NIA GIA GIA sq ft sq m sq ft sq m

Fourth 209 19.4 319 29.6

Third 252 23.4 346 32.1

Second 318 29.5 420 39.0 Third Floor First 474 44.0 583 54.2

Ground 470 43.7 584 54.3

Basement 311 28.9 764 71.0

Total 2,034 188.9 3,016 280.2

Second Floor

First Floor

Ground Floor

Lower Ground Floor

12 13 N Not to scale, indicative only

TENURE

The property is held long leasehold with an unexpired term of approximately 105 years. The lease is geared to 10% of open market rent and reviewed every five years. Title number: NGL 809818.

14 15 PLANNING

The property currently benefits from ‘E’ class use throughout.

EPC

The Property has an EPC rating of ‘D’.

VAT

The property is not elected for VAT meaning VAT is not payable on the purchase price.

PROPOSAL

Offers are invited in excess of £4,000,000. A sale at this level reflects an attractive capital value of £1,967 per sq ft NIA and £1,326 per sq ft GIA.

CONTACT

Viewings are strictly on an appointment only basis through the sole sales agent, Knight Frank LLP. For further information please contact

TIM MANTLE JAMES MOHSEN

T: +44 20 7861 5131 T: +44 20 7861 5131 M: +44 7867 373 714 M: +44 7870 802 068 E: [email protected] E: [email protected]

Disclaimer - IMPORTANT NOTICE (1) Particulars: These particulars are not an offer, an invitation or a contract, nor part of one. Any information about price or value contained in the particulars is provided purely as guidance, it does not constitute a formal valuation and should not be relied upon for any purpose. You should not rely on statements by Knight Frank in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Knight Frank has no authority to make any representations about the property. No responsibility or liability is or will be accepted by Knight Frank LLP, seller(s) or lessor(s) in relation to the adequacy, accuracy, completeness or reasonableness of the information, notice or document supplied or otherwise made available to any interested party or its advisers in connection with the Proposed Transaction. All and any such responsibility and liability is expressly disclaimed. (2) Images: Photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. (3) Regulations: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. (4) VAT: The VAT position relating to the property may change without notice. (5) Financial Crime: In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and Proceeds of Crime Act 2002 Knight Frank LLP may be required to establish the identity and source of funds of all parties to property transactions.

Knight Frank is the trading name of Knight Frank LLP. Knight Frank LLP is a member of an international network of independent firms which may use the “Knight Frank” name and/or logos as part of their business name and operate in jurisdictions outside the United Kingdom. No “Knight Frank” entity acts as agent for, or has any authority to represent, bind or obligate in any way, any other “Knight Frank” entity. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Knight Frank LLP registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names (this can also be found at http://www.knightfrank.co.uk/about-us).

Particulars dated: April 2021