Prime Freehold Investment for Sale on Prominent Corner Position Investment Highlights

Prime Freehold Investment For Sale On Prominent Corner Position Investment Highlights

• Prominently located, at the heart of • 80 Clerkenwell Road is held Freehold and Farringdon, on the corner of Clerkenwell has the benefit of a long lease over part Road and St John Street. of 82 Clerkenwell Road expiring 19th January 2999 at a peppercorn rent. • Excellent transport connectivity which will be further enhanced when the • Multi let to five tenants producing a Elizabeth Line (Crossrail) opens at the total passing rent of £914,524.50 /A end of 2018 at Farringdon Station (£73.83 /Ft²). approximately 320 metres to the south west of the property. • Provides a weighted average unexpired lease term of 8.37 years to lease expiries • A Ben Adams Architects designed (5.63 years to break). office and showroom redevelopment completed to an exceptional standard • Offers are invited in excess of in 2017, resulting in a “Very Good” £15,950,000 (£1,287.64 /Ft²), subject BREEAM assessment. to contract and exclusive of VAT.

• 12,387 Ft² (1,150.7 M2) mixed • This reflects a net initial yield of 5.37% 01 use building comprising 4,057 Ft² (assuming acquisition costs of 6.73%). (376.9. M2) highly sought after showroom accommodation at ground and lower ground floors and 8,330 Ft² (773.9 M2) of new office accommodation arranged over the 1st to 5th floors. London No.1

Financial Centre ahead of New York and Hong Kong in the £13.8 Z/Yen Index 2017 BILLION INVESTED IN LONDON TECH COMPANIES % Over the past five years London has benefited from more tech investment 70 than Amsterdam, Berlin, Dublin and Paris combined Of the FTSE 100 are Six International airports provide (Tech City 2017 Report) based in London access to over 396 destinations 02 GDP

London’s GDP per capita is the highest in Europe 10 MILLION

London is the Fintech Capital of the world, Europe’s largest City with the being home to 17 of the top 50 Global population forecast to reach Fintech companies, the highest density 10 million by 2030 anywhere in the World CITY UNIVERSITY y Rd OF LONDON Dingle 80 Clerkenwell Road EC1

King Square Gardens

r St One of Clerkenwell’s Leve E V A most sought after and Y R T G E S O Bartholomew B IVAL E C S t prominent addresses. S PER d S Square W r O wa R Se E

L EXMOUTH d Spa Fields L

80 Clerkenwell Road is situated at Clerkenwell / Farringdon have R R MARKET n Park D t t o e S ell S the heart of Farringdon on a prominent become one of Central London’s core t Tre Mitch p 31 ear m P a S St C freehold corner site at the junction of office markets and its commanding status h n 25 t LN T to e r p n N J m Clerkenwell Road and St John Street. as the choice location for the Tech and o E O o 14 St t N E C 4 k r 20MINS R H ic a tw l G N s W Creative industries. This has attracted FA Ba S G S t R N 36 H R LI T 15 I I Clerkenwell Road is the district’s principal a multitude of businesses to the area. N W 1 T G O E D B C east to west thoroughfare, connecting Old Nearby office occupiers include: O 8 10MINS R N O 34 T ST G R S S Street in the east to Farringdon Station in N LD O D TO O S n T L S W 12 e U D T the west. Similarly St John Street forms a Fa e T S 3 rne rr r A 18 E r i G E N St ng l GR 35 t the main north south route in the area d l 5 S o e tic L n w l N l n Ba connecting Angel Islington in the north an e 13 e rk 22 10 le 03 to Smithfield in the south. 27 C 9 10MINS St ne 2 LL RD rtu 19 LERKENWE S Fo C B T

r i J 5MINS T 17 t u to O r n ST JOHNS GATE Charterhouse 33 n H 32 m S S 1 Adidas 19 IDEO N 28 t T Precincts ann St i F l J l S 23 O 2 Agent Provocateur 20 Karmarama S T S t H A L N H F 3 AHMM 21 Knoll E F F A ’ A S A R T R T O L H R 20 4 Airbnb 22 Kohler T N N I O Charterhouse E N

R H T 5 Alexander McQueen 23 Kurt Geiger N G S 30 Square N L I IA L D S N G U L H O T 6 Amazon 24 Lastminute.com 16 A AR N R 26 7 C D C BARBICAN CENTRE 7 Anomaly 25 McCann s R OWCROSS ST n E de D ar N G 24 A 8 BDP 26 Moo in’s ldw L Ba D 9 Bowers & Wilkins 27 Moon Pig E Thomas More T R G S e St SE S Residents Garden l G 10 Box.com 28 Publicis Groupe R evil U SMITHFIELD MARKET A Gr 21 O H A Y R E T 11 Capgemini 29 Samsung S RT E A I H N C S 12 Deloitte Digital 30 Save The Children N T

R E D 13 Duravit 31 Splash LD E E T FI d H l 14 G Adventures 32 Steelcase IT e F SM W fi A W Smith 15 GoCardless 33 Tesco Digital R HOLB 11 R OR I N C N 16 Grey 34 Unilever IRCUS S ST BARTS MUSEUM G no n w l D OFLONDON LONDON WALL 17 Grimshaw 35 Vitra H r i O ll e

t N 18 Hansgrohe 36 Zaha Hadid t 6 e

f S

w e 29

N 80 Clerkenwell Road

A prominent office and showroom building in Barbican St Paul’s Smithfield Farringdon the heart of Farringdon Market 04 History

Many of the warehouses and workshops of Clerkenwell’s industrial past remain, but are now home to a myriad of businesses including architectural practices, design showrooms, fashion houses, TV and film production companies, media agencies and hi-tech firms. 05

1888 1896 1930s 1949 2017

Original buildings No. 80 was converted Occupied partly Having been Redeveloped by Ben Following erected and first into a coffee tavern and as the Myddleton severely damaged Adams Architects. completion, the occupied by workmen’s temperance Hotel which closed during the Second building has been wholesale grocers hotel, Pearce’s Dining and mid-1930s and World War, No. 80 successfully let to Phillips & Co. Refreshment Rooms. partly as Butler and No. 82 were full occupation. & Crispe. successfully rebuilt. At No.82, Phillips & Co. were succeeded by Butler & Crispe, wholesale patent- medicine warehousemen who had not long been there when the premises was destroyed by fire in November 1896. 06 In addition, new trend setting restaurants including Granger & Co, Modern Pantry, Albion, Sosharu and Luca have opened in Clerkenwell to satisfy the increase and workforce diverse the cosmopolitan feel to the area. further enhanced be will appeal area’s The when the Elizabeth Line opens in2018 at Farringdon Station. The new rail line is expected to be the catalyst further for growth this for vibrant office market.

Clerkenwell interior and furniture showrooms, furniture and interior commercial and residential properties. Street have become synonymous with both for designs cuttingseeking edge years. Clerkenwell Road and St John drawing customers from across the UK amenity, which has transformed in recent excellent retail, showroom and leisure Complementing the office market is the fashion sectors.fashion from the technology, creative, media and brightest and most innovative businesses commercial centre attracting some the of the last decade to become a significant history, Clerkenwell has blossomed over Creatives. Enjoying a rich economic and the favoured location Europe’s for of London’sof world renowned Belt Tech most exciting urban villages. It is the hub Clerkenwell is one Central of London’s and its growing Tech Sectorand its growing Tech Home of London’s CreativesHome London’s of CITY UNIVERSITY OF LONDON y Rd Dingle

King Square Gardens

r St Leve

E V A Y Bartholomew R E L ST B VA Square E RCI t S PE rd S O wa R Se

EXMOUTH Spa Fields MARKET Park A d G t g t ell S R O S itch d Tree M n N n S r o L a W Pe FA t N S p E t R E E R m R a St L C I G L N h S on e t G G T n rt N p R D o I m t L J o D O O C t r N W S a N H k l O ic S Connected London R B N t tw D h S as t W S urg B

b H S h T ort

e N I T

k E f o OLD STREET C

80 Clerkenwell Road benefits from r N B R d o e O e r r S t r S exceptional transport connections h y

s T b S S t u t J G providing this location with unparalleled r S O g T h S O T H D links to the rest of Central London and n S L e N t O L e T D r S commuter locations beyond. S E G T N ll TO N W T B t a e U S rn w S e c L e T r ti r S n A r l N The property is located a short walking t e RE y Ba rk G S F e t distance from both Farringdon and ar l G rin C O gd S Barbican Stations. o RD W n LL L 5MINS E E n NW L KE L ER Farringdon Station is London’s best WALK CL R connected rail station with access to D D t ELL R S e S three London Underground Lines, the KENW T un LER rt C J Fo Circle, Hammersmith & City and O S B H T

Metropolitan, as well as Thameslink ri N J F t O Charterhouse t ; A T o S u H and National Rail Services. Farringdon’s R n Precincts r L N R n S A 07 connectivity will be further improved L I t N m t N HATTON S S E set St G i ri E T Fann with the opening of the Elizabeth Line A ll B T GARDEN D S (Crossrail) at the end of 2018. H O t E N R ce a H R l P L n O A io Barbican Station provides access to N lb T A A T t D ur the Circle, Hammersmith & City and O t Co S le N in g Charterhouse Metropolitan underground lines. jam Ea S n G e A B Square ST A F IAN F S R HU

R S T D R

O T A E C

N J

H O

I FARRINGDON H BARBICAN CENTRE L COWCROSS ST

s L N n

rde S a T G ’s G R in ldw F BARBICAN Station Walking time A ServiceBa A

Y R S R ELIZABETH METROPOLITAN HAMMERSMITH & CITY Thomas More Farringdon 4 minutes I I N N N SMITHFIELD MARKET G Residents Garden CIRCLE NATIONAL RAIL THAMESLINK t D T R ille S S D v E re O G US N O CIRCLE METROPOLITAN HAMMERSMITH & CITY RH Barbican 8 minutes E R RT O HA A C St Paul’s 12 minutes CENTRAL LD D FIE ITH Old Street 13 minutes NORTHERN NATIONAL RAIL SM W FARRINGDONST PAULS

W Smithfield HO LBORN MUSEUM Sn ow OFLONDON H ill LONDON WALL 08 CENTRAL JUBILEE DLR OVERGROUND RAIL NATIONAL NATIONAL RAIL NATIONAL 10 56 Stansted Stratford CIRCLE CENTRAL METROPOLITAN CITYHAMMERSMITH & RAIL NATIONAL 2 THAMESLINK 73 Liverpool Street Liverpool Luton CIRCLE CITYHAMMERSMITH & METROPOLITAN ELIZABETH RAIL NATIONAL THAMESLINK RAIL NATIONAL 64 Farringdon Gatwick CENTRAL JUBILEE DLR 5 36 City Bond Street Bond

CIRCLE DISTRICT CITYHAMMERSMITH & RAIL NATIONAL BAKERLOO Heathrow PICCADILLY CROSSRAIL 8 31 Paddington

Heathrow PICCADILLY 31 With 24 trainsWith per each 24 hour, capable of passengers, journey transporting 1,500 times across central London will be reduced TFL 70%. forecastby that 63,000 new jobs will be created in Farringdon, the City and Docklands andan estimated billion will £42 be added to the UK as a direct economy, Line. Elizabeth the of result interchange only the be will Farringdon for network rail London’s on station Thameslink Line, Elizabeth Underground, and National Rail services. It will become an estimated million 27 passengers a year. one of London’s busiest stations, serving busiest London’s of one Farringdon

Elizabeth Line (Crossrail)

(mins) from Farringdon Station Farringdon from (mins) Elizabeth Line Travel Times LineElizabeth Travel

Transport Network Transport Revolutionising London’s London’s Revolutionising

Central London’s rail capacity 10% by The line, when completed, will increase in central; through to Shenfield and Abbey in the Wood east. within Farringdon bring and a 45-minute journey a further for people. million 1.5 End, Farringdon, the City and Canary City and the Wharf Farringdon, End, Heathrow and Reading in the west; the West all London’s of main employment hubs from east to west underground line connecting Station which is situatedapproximately Once opened it will comprise a new 100km at the end of 2018. It will stop at Farringdonat the end 2018. of infrastructure billion. project, costing £15 The Elizabeth Line (Crossrail) is due to open largest Europe’s is Line Elizabeth The metres from 80 Clerkenwell320 Road.

from Farringdon Station Farringdon from Airport Journey Times (mins) Local Developments

Herbal House, 10 Back Hill EC1 Spectrum, 160 Old Street EC1 The Smithson, 6-9 Briset Street EC1 The Bower, Old Street EC1 (Phase II) Status Completed Status Under construction Status Under construction Status Under construction Developer Allied London & Aerium Developer Great Portland Estates Developer Savills IM Developer Helical Architect Buckley Gray Yeoman Architect Orms Architect Tate Hindle Architect Allford Hall Monaghan Morris Scheme 115,000 Ft² mixed use Scheme 153,000 Ft² of Grade A Scheme 47,900 Ft² of Grade A office Scheme 171,000 Ft² (Phase II, The Tower) development comprising offices, office accommodation. accommodation. of Grade A office accommodation, retail and residential. plus two restaurant units. 09 Completion Q1 2018 Completion Q2 2018 Completion Q3 2018 Completion Q3 2018

The Ray, 119 Farringdon Road EC1 The Farmiloe Building, St John Street EC1 Farringdon East, EC1 Farringdon West, EC1 Status Under construction Staus Under construction Status Under construction Status Under construction Developer Viridis Real Estate Developer Aberdeen Standard Developer Helical Developer HB Reavis Architect Allford Hall Monaghan Morris Architect AWW Architect PLP Architecture Architect John Robertson Architects Scheme 100,000 Ft² development Scheme 63,400 Ft² development Scheme 75,000 Ft² of Grade A office Scheme 207,000 Ft² of Grade A offices including 90,000 Ft² of of Grade A offices. and retail accommodation. and retail, 25,000 Ft² of retail Grade A offices. and restaurant.

Completion Q1 2019 Completion Q2 2019 Completion Q2 2019 Completion Q4 2019 10 The M&E services are exposed and bespoke designed mounted from the ceilings. The Ground & Lower Ground Floor showroom M²). extends (376.90 to 4,057 Ft This space is arguably one Clerkenwell’s of most high profile and prominent showroom frontages, which extends to 6.06 metres on Clerkenwell Road and metres on20.52 St John Street. The completed development provides of M²) (1,150.78 Ft² a total 12,387 of Grade A office and prime showroom accommodation.

). The Floor 2

Building Description emitting superb natural daylight from benefit from brand new sash windows new benefit brand from 172.33 M²). Inside, M²). the office172.33 demise areas plates range from 1,123-1,855 Ft² (104.33- Ft² plates range from 1,123-1,855 all three elevations the of building. comprising M 8,330 ft2 (773.9 the upper to floors 5th levels from 1st the office accommodation situated on Clerkenwell Road, which caters towards been remodelled with direct access from The impressive entrance lobby has also addressing the Albermarle elevation. Way rear extensions have been built, newly roof terrace. In addition, upper floor further enjoyed from its very own private views across the City London of and top floor, whichtop floor, benefits fromexcellent together with constructing a brand new integrity the of original warehouse, retain the architectural heritage and The key movesThe the of key designwere to redeveloped to completion in 2017. redeveloped to completion in 2017. Architects, the property was fully Under the direction Ben of Adams Road and St John Street. position at the junction Clerkenwell of office accommodation. The property occupies a prominent corner frontage and bright, modern prized retail/showroom retail/showroom prized corner building offering newly redeveloped prime redeveloped newly 80 Clerkenwell Road is a Road 80 Clerkenwell 11 12 meets John St Street where Clerkenwell Road Road where Clerkenwell High-profile cornerposition 13 14 15 16 17 18 19 from street level New WC facilities from its own entrance Ground floor benefits floor Ground Passenger liftPassenger

storage ecure bicycle wood flooring wood S New high quality

fittings Full scale Exposed air refurbishment Suspended light Suspended conditioning system facilities 24 hour24 access Communal shower shower Communal Generous floor to ceiling height ceiling to on 5th floor Private roof terrace

brickwork Exposed original Natural daylight Natural Office Specification Ground Floor Accommodation N 1,631 Ft² ST JOHN STREET

80 Clerkenwell Road has been Floor Use NIA Ft². NIA M2. independently measured by Sterling

Temple in accordance with the RICS 5th Office 1,123 104.3 Code of Measuring Practice (6th Edition) and comprises the following Net 4th Office 1,766 164.1 Internal Areas. 3rd Office 1,760 163.5 Office Demise IPMS3 areas are available upon request. Core 2nd Office 1,855 172.3

Reception ALBEMARLE WAY ALBEMARLE

1st Office 1,826 169.6 ROAD CLERKENWELL

G Showroom 1,631 151.5

LG Showroom 2,426 225.4

Total 12,387 1,150.7

Lower Ground Floor 1st Floor 2,426 Ft² ST JOHN STREET 1,826 Ft² ST JOHN STREET

Office Demise Office Demise

Core Core

ALBEMARLE WAY ALBEMARLE ALBEMARLE WAY ALBEMARLE CLERKENWELL ROAD CLERKENWELL CLERKENWELL ROAD CLERKENWELL

Floor plans not to scale. For identification purposes only. 2nd Floor 4th Floor N 1,855 Ft² ST JOHN STREET 1,766 Ft² ST JOHN STREET

Office Demise Office Demise

Core Core

ALBEMARLE WAY ALBEMARLE ALBEMARLE WAY ALBEMARLE CLERKENWELL ROAD CLERKENWELL ROAD CLERKENWELL 21 3rd Floor 5th Floor 1,760 Ft² ST JOHN STREET 1,123 Ft² ST JOHN STREET

Office Demise Office Demise Core Core

Terrace

ALBEMARLE WAY ALBEMARLE WAY ALBEMARLE CLERKENWELL ROAD CLERKENWELL CLERKENWELL ROAD CLERKENWELL

Floor plans not to scale. For identification purposes only. 22 6 2 2 0 78 0 1 1 30c 1 Long-leasehold 30d 116 118 120 124 130 Freehold

ST JOHN STREET 05 1 0 7 8 2 113

111 Y

115 – 121 A

E L

8 R

L A 4 8 1

CLERKENWELL ROAD 3 33 3 3 4 3 5 3 1 Tenure Site PlanSite The property is held Freehold (Title number NGL188487) The staircase connecting the lower ground, ground, and floors 2nd is 1st held 999 on a year long leasehold from January 20th at a peppercorn2000 rent. Plan not to scale. only. purposes identification For 23 Tenancy Schedule

80 Clerkenwell Road is fully let to five tenants at a passing rent of £914,524.50/A. Provides a weighted average unexpired lease term in the region of 8.37 years to lease expiries (approximately 5.63 years to break).

Floor Tenant Use Net Area. Lease Break Lease Expiry Rent Review Rent per Rent per 1954 Comments Ft² Start annum Ft² Protection

5 Breather Products Office 1,123 14/02/2017 N/A 13/02/2022 N/A £81,417.50 £72.50 Outside Rent deposit held the equivalent of 6 months’ rent UK Limited plus VAT.

4 Transaction Network Office 1,766 20/11/2017 20/11/2022 19/11/2027 20/11/2022 £123,620.00 £70.00 Outside Rent commencement date 8 July 2018. Services (UK) Limited Should the tenant not exercise the break option they will receive 4 month’s rent free from the break date.

Should the tenant not exercise the break option they

3 Trustly UK Limited Office 1,760 22/02/2017 22/02/2020 21/02/2022 N/A £123,200.00 £70.00 Outside 24 Guarantor: Trustly will receive 2 month’s rent free from the break date. Group AB Rent deposit held the equivalent of 4 months plus VAT.

2 Twenty 1 Office 1,855 03/01/2017 N/A 02/01/2022 N/A £129,850.00 £70.00 Outside Rent deposit held the equivalent of 4 months’ rent Construction Limited plus VAT

1 Breather Products Office 1,826 14/02/2017 N/A 13/02/2022 N/A £127,820.00 £70.00 Outside Rent deposit held the equivalent of 6 months’ rent UK Limited plus VAT.

Grd/Lg Solus Ceramics Showroom 4,057 30/10/2017 30/10/2027 29/10/2032 30/10/2022 £328,617.00 £81.00 Inside Rent deposit held the equivalent of 3 months’ rent Limited retail / office use plus VAT

Total 12,387 £914,524.50 £73.83

All initial outstanding rent free periods will be topped up by the vendor. Tenant Information

Breather Products Limited unlocks Founded in Stockholm in 2008, Trustly is an Solus Ceramics, founded in 1995, is one commercial spaces by making them online payment business which has grown of the UK’s leading suppliers of commercial accessible through an app. Breather to become a preferred payment method for wall and floor tiles. They offer a range provides a network of dedicated meeting consumers in 29 European countries. of more than 60,000 porcelain, ceramic, rooms designed for work and meetings. glass, metal and natural stone products. They specialise in developing payment Each Breather is available on demand, Headquartered in Birmingham, Solus systems designed to make online payments for any length of time, with no Ceramics has two London showrooms quick and easy. Trustly employs 198 people membership or subscription. one on Baker Street and the second at 80 across 5 European offices and undertakes Clerkenwell Road. Solus Ceramics have Founded in 2012 in Montreal, Canada the over 25 million online transactions per year. supplied the tiles to a number of major business has an expanding global network Percentages of www.trustly.com commercial developments including the of 500+ locations across 10 cities, employing occupational income revamped London Stadium (the former 250+ people. Breather is continuing to Olympic Stadium). grow rapidly using the £75m funding raised 25 from Menlo Ventures, Valar Ventures, RRE www.solusceramics.com Ventures and Real Ventures. Established in 2012, 21construction is www.breather.com one of London’s leading fit out companies employing 40 people. The business operates as the main contractor for interior fit out Breather projects both Category A and B as well as 22.9% building refurbishments. Recent successful Solus Ceramics 35.9% Transaction Network Services (TNS) projects include the refurbishment of has been delivering industry-leading Charterhouse Square on behalf of Helical solutions for the payments, financial and and 44 Whitfield Street on behalf of DTZ telecommunications industries since 1990. Investors. TNS

www.21construction.co.uk 13.5% TNS is a privately held company with 22 offices around the world. They provide services in over 60 countries to its loyal customer base which includes some of the largest blue chip companies. 21 Construction Trustly 14.2% 13.5% www.tnsi.com 26 27 28 29 Clerkenwell Leasing Market

In 2017, take-up surged, increasing by close Herbal House, Back Hill EC1 Old Sessions House, Clerkenwell Green EC1 25 Charterhouse Square EC1 to 85% year-on-year in the Clerkenwell Date Q2 2018 Date Q1 2018 Date Q1 2018 submarket. Occupiers are actively seeking Tenant IDEO Tenant Ennismore Tenant Senator new product and Grade A occupation levels Floor 5th & 6th Floor Part Grd – 2nd floor Floor 1st 2 Size 8,500 Size 19,869 Ft² Size 6,582 Ft² rose by 375,000 Ft . in 2017. Colliers are Term 10 years Term 10 years Term 5 year break at 3 forecasting that take up will remain above Rent 6th £80.00 /Ft² Rent £71.50 /Ft² Rent £77.00 /Ft² trend in 2018. 5th £75.00 /Ft²

Supply remains severely constrained, overall availability fell by 36%. There is sub trend levels of completions with only 219,000 Ft2. of speculative space under construction in the submarket. Future supply of grade A office accommodation will be low and occupiers are willing to pay premium rents to secure the best buildings. 30

16 Baldwin Gardens EC1 50 – 54 Clerkenwell Road EC1 White Collar Factory, 100 City Road EC1 Date Q1 2018 Date Q4 2017 Date Q3 2017 Tenant Phasor Solutions Tenant Alea SRL Tenant Box.com Floor 4th Floor 4th & 5th Floor 14th & 15th Floors Size 6,838 Ft² Size 1,456 Ft² Size 28,549 Ft² Term 5 years Term 10 years Term 15 years Rent £75.00 /Ft² Rent £71.50 /Ft² Rent £75.00 /Ft² Investment Market

Central London is one of the most liquid 45 Folgate Street E1 17 Devonshire Square EC2 28 Dorset Square NW1 and transparent real estate markets in Date Q2 2018 Date Q1 2018 Date Q4 2017 the World. Tenure Freehold Tenure Freehold Tenure Freehold Size 20,714 Ft² Size 22,918 Ft² Size 23,235 Ft² Clerkenwell’s office market is maturing WAULT 7.2 years WAULT c. 5 years with c. 50% vacant WAULT 3.75 years and is attracting a broad range of investors Price £26.50m Price £26.70m Price £33.10m NIY 4.34% NIY 4.35% NIY 4.01% including overseas and institutional capital. Cap Val £1,279 /Ft² Cap Val £1,165 /Ft² Cap Val £1,425 /Ft² Investors are putting their faith in the strong occupational market, the diverse tenant base not seen in other sub markets and the improving infrastructure centred round The Elizabeth Line opening at Farringdon in 2018. 31

35 King Street EC2 9 – 13 St Andrew Street EC4 Instrument House, 207 Kings Cross Road WC1 Date Q4 2017 Date Q4 2017 Date Q4 2017 Tenure Freehold Tenure Freehold Tenure Freehold Size 16,311 Ft² Size 16,772 Ft² Size 12,232 Ft² WAULT 3.38 years WAULT 10 years WAULT 3.5 years Price £19.35m Price £21.00m Price £15.00m NIY 4.08% NIY 3.80% NIY 4.73% Cap Val £1,186 /Ft² Cap Val £1,252 /Ft² Cap Val £1,226 /Ft² Further information Contacts

Local Authority Data Room Michael Raibin London Borough of Islington. Access to an online data room [email protected] can be provided on request. DD +44 (0) 20 7871 7421 Conservation Area Mobile +44 (0) 7880 795 679 Capital Allowances Situated within the Clerkenwell Kyle Joss Green Conservation Area CA01. Details of the Capital Allowances are available upon request and [email protected] Listed Status can be made available by way of DD +44 (0) 20 7487 1958 separate negotiation. Mobile +44 (0) 7712 241 851 Not listed. VAT EPC Richard Silver The Property has been elected for [email protected] The building has an EPC rating of C(70) Value Added Tax (VAT) and as such DD +44 (0) 20 7871 7423 for the office space and B(40) for the retail the sale will be structured by way Mobile +44 (0) 7980 205 293 32 space. The EPC is available upon request. of a Transfer of a Going Concern. Elliott Stern BREEAM Rating Proposal [email protected] Very good. Offers are invited in excess DD +44 (0) 20 7871 7425 of£15,950,000 (£1,287.64 /Ft²), Mobile +44 (0) 7834 918 700 subject to contract and exclusive of VAT.

This reflects a net initial yield of 5.37% (assuming acquisition costs of 6.73%).

Colliers International Disclaimer: Colliers International and their clients give notice that: 1) They are not authorised to make or give any Morelands representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These 27 Old Street particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. London 2) Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are EC1V 9HL not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Colliers International have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. collierslondon.com