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Covent Garden, WC2 EXECUTIVE SUMMARY —

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Covent Garden, WC2 EXECUTIVE SUMMARY — Covent Garden, WC2 EXECUTIVE SUMMARY — Freehold — Located in the heart of Covent Garden, situated in a premier position on Henrietta Street overlooking St Paul’s Church gardens to the rear — Attractive Grade II listed building providing circa 11,464 sq ft of Gross Internal Area over lower ground, ground and four upper floors — Current mixed use building consisting of A1 and A3 use at ground and lower ground with all upper floors occupied as B1 office space — Full Planning consent for the provision of four premier residential apartments (C3 use) comprising of 7,181 sq ft Net Saleable Area — Offers are sought in excess of £12,000,000 (Twelve Million Pounds) for the freehold interest, subject to contract, and exclusive of VAT INVESTMENT RATIONALE — A trophy mixed use investment opportunity for re-letting, owner occupation or residential conversion with the benefit of existing income from retail, restaurant and office elements — The planning consent offers an opportunity to create four exceptional apartments with views towards the world renowned Covent Garden Piazza — The building has the benefit of being fully occupied with a current annual income of £362,000 pax — Located in an area forecast for continued residential and commercial capital growth — — 2 3 LOCATION — Covent Garden is one of London’s most famous and vibrant residential, office, retail and leisure destinations. Home to the Royal Opera House and the world renowned Piazza, Henrietta Street is within a stone’s throw of both Somerset House and the London Eye, as well as many of London’s other iconic landmarks, including the Savoy Hotel. Together with the retail offering of Long Acre, Seven Dials and the Strand, further entertainment is abundant with numerous theatres and galleries within walking distance of the property. HOLBORN TOTTENHAM COURT ROAD (2018) COVENT GARDEN LEICESTER SQUARE COVENT GARDEN MARKET HENRIETTA STREET TRAFALGAR SQUARE CHARING CROSS EMBANKMENT — — 4 5 SITUATION COMMUNICATION — — 30–33 Henrietta Street occupies a prominent position centrally on the north side of Henrietta Street, The property benefits from excellent transport links, including Covent Garden (Piccadilly Line), to the west of Covent Garden’s Piazza and forming the southern side of St Paul’s churchyard. Charing Cross (Bakerloo Line, Northern Line and National Rail) and Leicester Square (Northern and HOLBORN Piccadilly Lines) Underground stations, all of which are within walking distance of 30–33 Henrietta Street. Henrietta Street itself comprises a mixture of retail,N office and residential uses. E W RN T Accessibility will be further improved in 2018 with the opening of Crossrail station at Tottenham Court Road. O O EET B N TR L S O S NT Crossrail will directly connect London’s main business centres, linking Heathrow with Paddington, H T K NA R M H I RE G E N I E G the West End, the City and Canary Wharf with up to 24 trains per hour. H T S W A Y TOTTENHAM COURT ROAD D R U R LINCOLN’S INN Y FIELDS L E A N T U E E E N R ET E T RE S ST V N IA A E IN E RD Y U SA R Q U T A B E S R T E G E N T E D F E E T R E A L RE T L T L S H S S S T 5 UGA H R RT E D O T P E RU U T RY O LA M NE N O M B O M COVENT W E GARDEN S R E T CH C R R Y E C T W R E E D A E E L S G T R A 4 T N T R O S E L L E L T J E A 1 S M S E U S R S T R E E T W 5 E 4 L L ET IN E 1 G R T T ST O E L 5 E A COVENT GARDEN N TR R S S O PIAZZA T N L R R F E U E BO 7 T T 3 N T EE A E R CR E T TR S 8 ND S CK A G S O R IN O 4 T T K U IS S T V H TA 3 A LEICESTER M 2 P SQUARE 2 T O L A E N N N S T A R 3 C L 6 E B E A S E ’ T D 6 S S N F A T I O V E T R O R R 1 D Y A S 8 6 T S P T M R L 7 E R A T E C E S T E 7 E C H C T E LA A P Computer Generated Image. Computer Generated Image. S R O D I N N A H G C C A Stratford R D D N A O A M T S R T S N To Sheneld > S WILLIAM IV STREET S T E Hayes & Ealing Bond R R E M E K Harlington Hanwell Broadway Street Farringdon Whitechapel O 2 T N A BA D CHARING M E CROSS IA R < To Reading Southall West Acton Paddington TOTTENHAM Liverpool O T Ealing Main Line COURT ROAD Street IC To Abbey Wood > V Heathrow Airport Canary Wharf Bars & Restaurants Office Occupiers Residential Developments Walking times Tube times Rail times — — — — — — 1 Balthazar 1 Anchor 1 17–19 Bedford Street Covent Garden 4 min Waterloo (via Leicester Sq) 4 min Gatwick Airport (via Victoria) 50 min 2 The Ivy Grill 2 Coutts 2 The Henrietta Leicester Square 5 min Charing Cross (via Embankment) 5 min Birmingham New St (via Euston) 1h 30 min 3 Radio Rooftop Bar 3 CVC 3 The Beecham Charing Cross 5 min Victoria (via Embankment) 11 min Manchester Piccadilly (via Euston) 2 h 18 min 4 Opera Tavern 4 Edmund de Rothschild 4 The Palladio Embankment 7 min Euston (via Leicester Sq) 12 min Heathrow Airport (Crossrail, 2018) 28 min 5 Christopher’s 5 Euro Hypo 5 The Russell Piccadilly Circus 10 min City Thameslink (via Embankment) 13 min 6 Rules 6 European Capital 6 Hop House Tottenham Court Road 11 min King’s Cross (via Leicester Sq) 15 min 7 Clos Maggiore 7 Interbrand 7 Bedford Court Waterloo 16 min London Bridge (via Charing Cross) 16 min 8 The Savoy Grill 8 John Laing 8 Broad Court Liverpool Street (via Leicester Sq) 20 min Heathrow Airport (via Leicester Sq) 60 min Times: nationalrail.co.uk and citymapper app — — 6 7 DESCRIPTION — 30–33 Henrietta Street is an attractive Grade II Listed building constructed in circa 1890. The six storey building currently provides 11,464 sq ft Gross Internal Area with existing consent as B1 offices, A1 retail and A3 restaurant arranged over lower ground, ground and four upper floors. The upper parts are serviced by a four person passenger lift. — — 8 9 EXISTING ACCOMMODATION FLOOR PLANS — — The tables below outline the Gross Internal Area (GIA) of the building and likewise the details of the existing tenancies. (All details supplied by the client). building overview LOWER GROUND — Floor sq ft sq m RETAIL 2,392 sq ft (222 sq m) (STORAGE) Fifth 215 20 Fourth 1,796 167 RESTAURANT Third 1,873 174 Second 1,873 174 First 1,851 172 Ground 1,464 136 Lower Ground – Office 1,238 115 Lower Ground – A1 Retail 237 22 Lower Ground – A3 Retail 917 85 TenancY schedule GROUND — 1,464 sq ft (136 sq m) Unit Tenant Lease Lease Rent Next Rent Start Expiry Reviews Review / Expiry £pa 30 Grd & Bst Bella Italia Restaurants Ltd 24.06.12 23.06.27 5 yearly 24.06.17 (R/R) 96,000 RESTAURANT RETAIL 31 Grd Shop & Bst A Malik & A Basheer 16.11.11 15.11.26 5 yearly 16.11.16 (R/R) 38,000 16.11.21 (R/R) 32 Grd Shop Joseph Colairo & Annabel Colairo 25.03.96 24.03.16 5 yearly 24.03.16 (Expiry) 40,000 CHURCHYARD TO PASSAGEWAY (by assignment) 33 Bst, 1st, 2nd, 3rd & 4th Seth Lovis 25.12.00 24.12.15 5 yearly – 188,000 362,000 Plans are indicative only and not to scale — — 10 11 FLOOR PLANS — FIRST FLOOR FOURTH FLOOR — — 1,851 sq ft (172 sq m) 1,796 sq ft (167 sq m) SECOND/THIRD FIFTH FLOOR — — 1,873 sq ft (174 sq m) 215 sq ft (20 sq m) Plans are indicative only and not to scale Plans are indicative only and not to scale — — 12 13 THE OPPORTUNITY — Planning permission was granted by Westminster City Council on 9th December 2014 for the “Use of part basement, part ground floor and all upper floors of 30-33 Henrietta Street from offices (Class B1) to residential (Class C3), use of part the basement from office (Class B1) to retail and / or restaurant (Class A1/A3). Creation of an additional storey at roof level, modifications to the windows, installation of Juliet balconies to the rear and associated alterations including relocation of duct internally and terminating at roof level via a false chimney”. Copies of the consent along with consented architectural drawings and heritage assessments are available within the data room. 30–33 Henrietta Street is located within the ‘Covent Garden Conservation Area’. The view from 30–33 Henrietta Street The below table outlines the proposed Net Saleable Areas (NSA) for the consented residential upper parts. proposed plans Floor Apartment Bedrooms sq ft sq m Fourth / Fifth 4 3 2,496 232 Third 3 2 1,560 145 Second 2 2 1,576 146 First 1 2 1,549 144 Ground 926 86 Lower Ground – Residential 1,238 115 — Computer Generated Image.
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