THE MINT PORTFOLIO

16 PRIME LICENSED LEISURE INVESTMENTS FOR SALE IN LONDON CONTENTS

Executive Summary 3

Property Schedule 4

Locations 6

The Market 7

The Properties 8

The Process & Contacts 86 EXECUTIVE SUMMARY

A portfolio of 16 prime licensed leisure investments in some of London’s most exclusive locations including the West End, the City, South Bank, Chelsea, South Kensington, Notting Hill, Holland Park and Maida Vale.

+ Each property is let to an experienced + Long unexpired terms with 14 out of the + The total passing rent for the portfolio is multiple operator with tenants including 16 properties having an unexpired term £2,626,185 per annum. Spirit Pub Company (Greene King), of 10 years or greater and a weighted + Our client’s preference is to complete Mitchells and Butlers, Baker & Spice, average unexpired lease term across the the sale of the Mint Portfolio in a single Ei Group Plc (formerly Enterprise portfolio of 16.3 years. transaction, either by the sale of the assets Inns), Fuller’s, Young’s, Patara and + Excellent potential for rental growth with or the sale of the shares of the single Santa Cruz Co. upward only rent reviews due at 14 of the purpose vehicle which owns each of the + The units are typically in long established properties within the next three years. assets. They may, however be prepared licensed and leisure pitches where to consider the sale of certain assets + Guaranteed rental growth at 2 of the occupier demand and underlying values individually or in smaller groups. properties with either fixed uplifts or RPI have always been strong. + We are instructed to invite offers in excess linked reviews. of £69,550,000 for the entire portfolio. + Full repairing and insuring leases. + Attractive lot sizes which provide excellent After making an allowance for purchasers’ liquidity and appeal to a broad variety of costs, an asset purchase at this level would potential buyers. reflect a Net Initial Yield of 3.54%. PROPERTY SCHEDULE

Assumed Next Rent Ref Property Address Tenure Current Rent Lease Expiry Total Area Guide NIY Purchasers Review Costs

Admiral 17 Mossop Street, 482 sq m 1 Freehold £162,000 07/10/2026 01/02/2020 £4,750,000 3.21% 6.58% Codrington London SW3 2LY (5,189 sq ft)

47 Denyer Street, 266 sq m 2 Baker & Spice Freehold £117,590 28/09/2027 29/09/2017 £2,760,000 4.00% 6.40% London SW3 2LX (2,859 sq ft)

26 Shad Thames, Long 1,368 sq m 3 Browns £335,000 28/09/2028 29/09/2018 £6,950,000 4.52% 6.65% London SE1 2AS Leasehold (14,724 sq ft)

13 Britten Street, 436 sq m 4 Builders Arms Freehold £150,000 16/08/2045 17/08/2020 £4,300,000 3.27% 6.56% London SW3 3TY (4,688 sq ft)

123a Clarendon Road, 306 sq m 5 Casa Cruz Freehold £85,200 19/08/2034 20/08/2019 £1,890,000 4.25% 6.24% London W11 4JG (3,293 sq ft)

124-127 The Minories, 816 sq m 6 Dirty Martini Freehold £185,000 26/03/2033 24/06/2018 £4,630,000 3.75% 6.57% London EC3N 1NT (8,787 sq ft)

148 Old Brompton Road, 294 sq m 7 Duke of Clarence Freehold £109,860 28/09/2037 29/09/2017 £2,870,000 3.60% 6.43% London SW5 0BE (3,167 sq ft)

255 Elgin Street, 557 sq m 8 Elgin Bar & Grill Freehold £105,000 29/11/2045 30/11/2020 £2,900,000 3.40% 6.44% London W9 1NJ (5,992 sq ft)

43 & 39A Elystan Street, 491 sq m 9 Elystan Street Freehold £255,000* 29/10/2027** 30/10/2017** £8,000,000* 2.99%* 6.67%* London SW3 3NT (5,281 sq ft)* PROPERTY SCHEDULE

Assumed Next Rent Ref Property Address Tenure Current Rent Lease Expiry Total Area Guide NIY Purchasers Review Costs

35 Spital Square, Freehold/Long 594 sq m 10 Galvin £305,000 16/08/2034 17/08/2019 £9,375,000 3.05% 6.69% London E1 6DY Leasehold (6,388 sq ft)

71-73 Palace Gardens, 512 sq m 11 Mall Tavern Freehold £110,000 29/11/2045 30/11/2020 £3,200,000 3.23% 6.47% London W8 4RU (5,510 sq ft)

181 Fulham Road, 131 sq m 12 Patara Freehold £84,600 24/12/2021 25/12/2017 £1,875,000 4.25% 6.24% London SW3 6JN (1,414 sq ft)

150 Drury Lane, 754 sq m 13 Prince of Wales Freehold £281,435 23/06/2034 25/12/2017 £8,500,000 3.10% 6.68% London WC2B 5TD (8,112 sq ft)

23 Crown Passage, 200 sq m 14 Red Lion Freehold £90,000 13/01/2045 14/01/2020 £2,600,000 3.25% 6.40% London SW1Y 6PP (2,151 sq ft)

13 Uxbridge Street, 235 sq m 15 Uxbridge Arms Freehold £100,000 13/01/2045 14/01/2020 £2,600,000 3.61% 6.40% London W8 7TQ (2,528 sq ft)

Waterfront Unit 3, St Georges Wharf, Long 438 sq m 16 £150,000 25/03/2028 26/03/2018 £2,350,000 6.00% 6.35% Brasserie London SW8 2AX Leasehold (4,713 sq ft)

7,880 sq m £2,626,185 £69,550,000 3.54% 6.78% (84,796 sq ft)

* Including residential apartment ** Restaurant only LOCATIONS

Primrose Hill CAMDEN TOWN

KENSAL GREEN Regent’s Park 8 MAIDA VALE CLERKENWELL

LONDON 10 COVENT GARDEN WHITECHAPEL PADDINGTON TREET OXFORD S SOHO 13 THE CITY WHITE CITY 5 6 TRAFALGAR SQUARE 11 15 Hyde Park NOTTING HILL 14 Holland SOUTHWARK Park 3 KENSINGTON Green Park

WESTMINSTER 2 9 7 12 1 PIMLICO HAMMERSMITH 4 CHELSEA 16 VAUXHALL

Battersea Park

FULHAM

1 Admiral Codrington, Chelsea SW3 5 Casa Cruz, Holland Park W11 9 Elystan Street, Chelsea SW3 13 Prince of Wales, Covent Garden WC2B 2 Baker & Spice, Chelsea SW3 6 Dirty Martini, The City EC3N 10 Galvin, The City E1 14 Red Lion, St James’s SW1 3 Browns, South Bank SE1 7 Duke of Clarence, Chelsea SW5 11 Mall Tavern, Notting Hill W8 15 Uxbridge Arms, Notting Hill W8 4 Builders Arms, Chelsea SW3 8 Elgin Bar & Grill, Maida Vale W9 12 Patara, Chelsea SW3 16 Waterfront Brasserie, Vauxhall SW8 THE MARKET

London continues to be recognised as one of the worlds Property Price Yield (NIY) Date safe havens for property investors. Its status as a leading global financial centre and as one of the most visited cities Queens Arms, Pimlico SW1 £3.56m 3.30% June 2017 by tourists continues to drive investor and occupier demand. Pizza Express, Soho W1 £4.7m 3.50% April 2017 The most recent research released by the Office for National Statistics indicated that the number of international visits Culpeper, Shoreditch E1 £2.55m 3.00% December 2016 to London increased by 20% between 2010 and 2015 to 18.6 million with separate research by Oxford Economics Nellie Dean, Soho W1 £4.95m 2.94% December 2016 predicting that the capital will welcome 35.6 million visitors Bedford, Balham SW12 c.£7m 3.95% September 2016 by 2020. Visitor spend in London has also increased significantly with £15 billion spent on hotels, restaurants and Wagamama, Soho W1 £14.5m 3.88% September 2016 attractions, an increase of 35% when compared with 2010. Fifty Five, Camden NW1 £2.6m 3.09% September 2016 Investor demand for London assets remains incredibly strong particularly for buildings which are let to strong Walmer Castle, Notting Hill W11 £5.6m 3.35% August 2016 covenants on long leases. Occupier demand for premises in prime London locations continues to push rental growth Roebuck, Chiswick W4 £6.8m 3.85% August 2016 in the capital with no shortage of demand for vacant accommodation and where tenants do decide to dispose Goat, Kensington W8 £8.22m 3.50% June 2016 of their interest then substantial premiums are often paid. Two Chairmen, St James Park SW1 £5.28m 3.50% June 2016 The strength of demand has led to investment yields sharpening in recent years as can be seen from the schedule Regent, Islington N1 £2.8m 3.25% May 2016 of comparable transactions below. THE PROPERTIES 1. ADMIRAL CODRINGTON 17 MOSSOP STREET, LONDON SW3 2LY Hyde Park Royal Albert Corner BROMPTON ROAD Underground Hall A315 G R A315 O S V Knightbridge

Harrods

Q Knightsbridge

U E

E X B Belgravia E H E N’ A I

B U C S I H T A G Nautural History I M O A P P ET B N E T R LA NT ST E E O C P L Museum R E G O R AV A

D E L P CH Y A L B L E L R SHA S S E O T R LO R E A OAD M Admiral E U L R M WEL A T Q ROM P S C N S T T N E R O O E Codrington S T E A N T T E R

E R

E O

T

A D

South INVESTMENT SUMMARY Kensington D R SL N O O A E T NE C P AV A T M L E O E P R N T Saatchi E + B U T Sloane R Prime Chelsea location D E T L O S O C Square Y Gallery Y A R U DR B O D + E Close to Marlborough Primary School and Brompton Road N S L O OAD W O R LIC G PIM + A Let to 333 Estates Limited R D D E A N S O R + Current rent £162,000 per annum M HA D L A U C F RO H S E G L + O S IN Next review in February 2020 L E K D A B C R H D U IG E R + Lease expiry October 2026 C R D O H A A

S O D T R L R A E IT + E P Entire building GIA - 482.1 sq m (5,189 sq ft) T S O H O L A A K Y L O + We are seeking offers in excess of £4,750,000 (3.21% NIY) EY R

S T R E E T B NT E ME A ANK River U Chelsea EMB F EA O ELS Thames R CH T

S T R

1. ADMIRAL CODRINGTON 17 MOSSOP STREET, LONDON SW3 2LY LOCATION SECOND FLOOR Managers accommodation comprising a one bedroom studio with separate en-suite. Located in the heart of Chelsea close to both Brompton Road and Sloane Avenue, in one of EXTERNAL London’s most affluent districts. Seating on wooden benches to the side elevation. The Admiral Codrington occupies a prominent mid terrace position in one of London’s most exclusive APPROXIMATE FLOOR AREAS residential areas. Commercial occupiers nearby include Baker & Spice, Daphne’s, Bidendum Oyster Bar and The property has the following approximate gross Gaucho. The property is a short distance from South internal floor areas. Kensington underground station. Ground 211.2 sq m (2,273 sq ft) Basement 106.9 sq m (1,151 sq ft) DESCRIPTION First 97.0 sq m (1,044 sq ft) Second 67.0 sq m (721 sq ft) The property comprises an attractive building with accommodation arranged over ground, basement and Total 482.1 sq m (5,189 sq ft) two upper floors. EPC

ACCOMMODATION C-71

GROUND FLOOR A stylish public house with central bar servery and separate dining area to the rear with seating on a variety of loose tables, chairs, sofas and fixed benches. The trade kitchen, managers office and customer toilets are also at this level. BASEMENT Storage room with cellar. FIRST FLOOR Function room, separate bar servery, prep kitchen, staff changing room and customer toilets.

1. ADMIRAL CODRINGTON 17 MOSSOP STREET, LONDON SW3 2LY INTERNAL CONFIGURATION PLANNING

Our initial enquiries of the local authority have revealed that the property is not listed and is not located within a conservation area.

TENURE AND TENANCY

The property is held freehold. The entire property is let on a 28 year lease to 333 Estates Limited (Company Number 03205737) expiring 7 October 2026 at a current rent of £162,000 per annum subject to five yearly upwards only rent reviews, with the next review on 1 February 2020.

Basment Second Floor COVENANT

The directors of 333 Estates Limited operate 23 managed public houses across London and the south of England under the Epicurean Club https://www.epicurean.club/collection. The company currently has five pubs in the capital including the Cross Keys in Chelsea, Sands End in Fulham and the Punchbowl in Mayfair.

TERMS

We are instructed to invite offers in excess of Ground Floor First Floor £4,750,000 (3.21% NIY) assuming purchasers costs of 6.58%.

1. ADMIRAL CODRINGTON 17 MOSSOP STREET, LONDON SW3 2LY 2. BAKER AND SPICE 47 DENYER STREET, LONDON SW3 2LX Hyde Park Corner BROMPTON ROAD Underground A315 G R A315 O S V E Knightbridge N O R

Harrods

Knightsbridge

E X B Belgravia H E A I B UC I H T A

Nautural History I M O P P ET B N L TRE A ONT S E C P L Museum R E G O R A A V D E L C P Y L HE A A B L L C R SHA S E S E O T R LO R E A OAD M E U L R M WEL A T Q ROM P S Baker & Spice N C S T T N E R O O S E T E A N T T E R

E R

E O

T

A D

South Kensington

D R SL N O O A E T NE C P AV A T M L E O E P E R N T Saatchi B U T Sloane R D E T L O S O C Square Y Gallery Y INVESTMENT SUMMARY A R U DR B O D N E S L O OAD W O R LIC + G PIM Prime Chelsea location A R D D E A N S O R + Close to Marlborough Primary School and Brompton Road M A H L AD U O C F R H S E + G Let to multiple bakery and food retailer Baker and Spice O L IN S L K E D A B C R H D U IG + R E Current rent £117,590 per annum C R D O H A A

S O D T R L R A + E IT Rent review in September 2017 offering rental growth potential E P T S O H O L A A K Y + LE O Lease expiry September 2027 R Y

S T R E + E Ground and basement GIA - 265.7 sq m (2,859 sq ft) T B NT E ME A ANK UF Chelsea MB + EA E Upper floors held on long leases currently generating ground rents O ELS R CH T S T of £590 per annum R River E E T Thames + We are seeking offer in excess of £2,760,000 (4.00% NIY) D OA

2. BAKER AND SPICE 47 DENYER STREET, LONDON SW3 2LX LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of Chelsea close to both Sloane The property has the following approximate gross Avenue and Draycott Avenue, in one of London’s most internal floor areas. affluent districts. Ground 162.9 sq m (1,753 sq ft) Baker & Spice occupies a prominent corner position Basement 102.8 sq m (1,106 sq ft) between Denyer Street and Mossop Street in one of London’s most exclusive residential areas. Commerical Total 265.7 sq m (2,859 sq ft) occupiers nearby include the Tanner & Lawson art gallery and residential estate agents Marsh & Parsons, Ashdown Marks and Safinia. The property PLANNING is easily accessible to both Sloane Square and South Kensington underground stations. Our initial enquiries of the local authority have revealed that the property is Grade II Listed and is located within the Chelsea Conservation Area. DESCRIPTION

The property comprises a former public house with EPC accommodation arranged over basement and ground floor, along with two residential upper floors that have D-81 been let on long ground leases.

ACCOMMODATION

GROUND FLOOR The ground floor trading area is styled as a traditional bakery/cafe with a delicatesseen and a variety of loose tables and chairs. A customer toilet and trade kitchen are also located at this level. BASEMENT Staff changing room, ancillary storage and managers office.

2. BAKER AND SPICE 47 DENYER STREET, LONDON SW3 2LX INTERNAL CONFIGURATION TENURE AND TENANCY

The property is held freehold. The ground floor and basement is let on a 25 year lease to Spice Bakery Limited (Company Number 05914839) expiring 28 September 2027 at a current rent of £117,000 per annum subject to five yearly upwards only reviews, with the next review on 29 September 2017. The residential upper floors are subject to a 125 year lease from 29 September 2002. The current passing rent is £590 per annum, which is adjusted every five years in line with RPI indexation.

COVENANT

Baker and Spice currently operate from five cafe Ground Floor bakeries in locations including Belgravia, Maida Vale and in Selfridges on London’s Oxford Street. Spice Bakery Limited is a subsidiary of Patisserie Holdings plc which is the UK’s largest patisseries cafe chain with around 175 sites operating across established brands such as Patisserie Valerie, Druckers Vienna Patisserie and Philpotts.

TERMS

We are instructed to invite offers in excess of £2,760,000 (4.00% NIY) assuming purchasers costs of 6.42%. Basement

2. BAKER AND SPICE 47 DENYER STREET, LONDON SW3 2LX 3. BROWNS 26 SHAD THAMES, LONDON SE1 2AS A210

STREET

FENCHURCH

CABLE STREET DOCK STREET

Monument

LOWER THAMES STREET Tower Hill A1203 Tower of London St Katharine WAPPINGLANE Docks

A100

Tower Bridge City Hall

TOOLEY STREET London Bridge Browns WAPPING HIGH STREET

INVESTMENT SUMMARY Maltby Street Market + Prominent River Thames frontage A2198 A200 + Close to Tower Bridge and City Hall

WER BRIDGE ROAD A200 SOUTHW O T TREET + Let to Mitchells and Butlers Retail Limited ABBEY S

ST J Bermondsey

ARK

+ Current rent £335,000 per annum AMES’S RO PARK RO + Next review September 2018 A2206 AD AD + Occupational lease expires September 2028 A2 + Ground and basement GIA - 1,367.9 sq m (14,724 sq ft)

+ 999 year lease from December 2003 A20 1 + We are seeking offers in excess of £6,950,000 (4.52% NIY) B203 A2206

3. BROWNS 26 SHAD THAMES, LONDON SE1 2AS LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of London’s South Bank The property has the following approximate gross in the Butlers Wharf Riverside development. internal floor areas. Browns occupies a prominent position fronting the Ground 615.3 sq m (6,623 sq ft) River Thames and overlooking Tower Bridge with nearby occupiers including All Bar One, Ask Italian and Basement 752.6 sq m (8,101 sq ft) Le Pont de la Tour. The property is a short walk from Total 1,367.9 sq m (14,724 sq ft) City Hall, the Tower of London and Borough Market.

DESCRIPTION PLANNING

The property occupies an historic six storey Our initial enquiries of the local authority have building with Browns arranged over ground and revealed that the property is not listed but it is located basement levels. The upper floors have been within the Tower Bridge Conservation Area. converted to luxury apartments and fall outside of our

Boro C ons clients ownership. t and LB Bdy

Coventry's Wharf

ACCOMMODATION 101 to 716 Spice Quay Heights Coles Upper Wharf

30 t o 34 GROUND FLOOR Customer trading area with modern bar servery to the

M rear and seating on a mix of loose tables, chairs, sofas L W and fixed benches. There is a private dining room to Posts the far end of the main trading area and a disabled 28 toilet at the end of the bar. TCB

Mud

2 BASEMENT Pumping 6 Station

Customer toilets, trade kitchen, cellar and a number of Tea Trade Wharf

Mooring

storage/plant rooms. 4 Posts Jacobs Island Pier

Clove UIRE STREET Building FB AG EXTERNAL M 9 Mooring Posts

Extensive terrace to the front elevation overlooking Bollard

5 24 the River Thames with seating for c.170 customers. FB

Bollard 6 China Mill Stairs 802 to Wharf Reeds Wharf d Wharf 31 1 to 25 101 r 33

lla on 29 20 22 Bo 4.1m Coriander 13 Court innam 1 C rf 4.2m a Jetty h W ia 4.6m rd o c 84 n to 1 w Co

2 k Ne 0 c o 28 D 7 s 0 r' 2 u

o

1 i 8 v Saffron St Sa Wharf Chy

S

3. BROWNS 26 SHAD THAMES, LONDONME SE1 2AS 6 to 54 HA Providence T

Java Wharf 1 to 47 16 1 to 50 FB 10 Square D St Saviour's Wharf HA S 4.1m

1 to 21 to 1 FB 10m 20m 30m

23

4.3m 1 harf 2 1 to 63 6 vey rved. 0 St Andrew's 1:1250 2 to Mill W 8 Wharf 9 1

Vogans Mill INTERNAL CONFIGURATION EPC

C-65

TENURE AND TENANCY

The ground and basement is held on a 999 year lease from December 2003 at a peppercorn rent. The occupational lease of the ground and basement is let for a term of 25 years to Mitchells & Butlers Retail Limited (Company Number 00024542) expiring 28 September 2028 at a current rent of £335,000 per annum subject to five yearly upwards only rent Ground Floor reviews, with the next review on 29 September 2018.

COVENANT

Mitchells and Butlers is a leading operator of managed restaurants, pubs and bars throughout the UK with over 1,700 outlets. Their brands include All Bar One, Browns, Harvester, Miller & Carter, O’Neills and Vintage Inns. For the 12 months to 24 September 2016 the company reported a turnover of £2,083 million and an EBITDA of £431 million.

TERMS Basement

We are instructed to invite offers in excess of £6,950,000 (4.52% NIY) assuming purchasers costs of 6.65%.

3. BROWNS 26 SHAD THAMES, LONDON SE1 2AS 4. BUILDERS ARMS 13 BRITTEN STREET, LONDON SW3 3TY Hyde Park Royal Albert BROMPTON ROAD Underground Hall A315 A315

Knightbridge

Harrods

Q Knightsbridge

U E

E X B Belgra E H E N’ A I B UC S I H T A G Nautural History I M O A P P ET N E T R LA NT ST E O C P Museum R E O

A

D L CHE Y A B L L R SHA S S O T LO R E OAD M E L R M WEL A T ROM P C N S T T E R O E S E N T T E R

E R

E O

T

A D

South Kensington

D R SL N O O A E T N C P E AV A M L O P R EN Saatchi B UE TT Sloane D O L C O Y Gallery Square A R D INVESTMENT SUMMARY O Builders N S L O W Arms LIC G PIM A R + D D Prime Chelsea location E A N S O R DRAYTON M + Close to Royal Brompton Hospital, St Luke’s Church and the HA L AD U O C F R H S E O G L GARDENS IN S Ivy Chelsea Garden L K E D A B C R H U R + C Let to Ei Group Plc D H A

S O T R L R A E IT + E P Current rent £150,000 per annum T S O H O L A A K Y L O + E R New review in August 2020 Y S T R E E + Lease expiry August 2045 T B NT E ME A ANK UF Chelsea MB EA E + Entire building GIA - 435.6 sq m (4,688 sq ft) O ELS R CH T

S T R River E + E We are seeking offers in excess of £4,300,000 (3.27% NIY) T Thames

OAD R GS IN

4. BUILDERS ARMS 13 BRITTEN STREET, LONDON SW3 3TY LOCATION EXTERNAL Seating on loose tables and chairs to the front elevation. Located in the heart of Chelsea close to both King’s Road and Fulham Road, in one of London’s most affluent districts. APPROXIMATE FLOOR AREAS The Builder Arms occupies a prominent end of terrace position fronting Britten Street in a predominantly The property has the following approximate gross residential area. The property is a short distance from internal floor areas. St Luke’s Garden, the Ivy Chelsea Garden and South Ground 154.2 sq m (1,660 sq ft) Kensington underground station. Basement 131.4 sq m (1,414 sq ft)

Arundel

Winds C

o C

Astell House u

ourt

1

t o

1 rt ET First 74.0 sq m (796 sq2 ft) STRE CALE or PH

DESCRIPTION Fn

D

Second 76.0 sq m (818 sq ft) 1 4

1

a

46

2a

3 Total 435.6 sq m (4,6888 sq ft)DA

3a NUB

The property occupies a prominent end of terrace E

1 S 6

Play Area TRE

5

2 E 3

T

building with accommodation arranged over ground, 3 2

basement and two upper floors. 3 31 PLANNING GODF

39

26 RE S 6

T

Y AST 10

LUK J Hall S

U T

RE EL BIL E

'S E L

EE PL T 25

ST 12 S

Our initial enquiries30 of the local authority have

TRE 5 1 REET

AC E

T E

ACCOMMODATION revealed that29 the property is not listed but it is located

1

1 19 14

within the Chelsea Conservation Area. 3 2

St Luke's Church 16 15

14 3

0

8

GROUND FLOOR 1 5

Customer trading area with bar servery to the side and 16 23

16a 2 a seating on a variety loose tables, chairs and sofas. 7.5m

2

St Luke's Gardens 14 23 4 BASEMENT 18

2

1 4

3

7.5m 17 7.8m 3 Customer toilets, storage room and cellar. 13 20 2 30 Chy

PH 15

1 REET

ST

FIRST FLOOR 19 L 14 BURNSAL 15 36

Trade kitchen, managers office, storage rooms and 7.8m 38 19

1 to 31

25 3

T Britten 1 EE TR House staff room. N S TE

RIT TCB

B 7 3 SECOND FLOOR 33

D

M 63 to 14 av 1 to eri

Managers accommodation comprising three bedroom, er C 5 den Court 4 1

12a ourt 2

kitchen and bathroom. 1 El Sub Sta 178a to 1 78 180 1

1 4 8 1 to 2 a CHELSEA 1 182 F to anort o M ur House rsyt o 1 9 C 8 4 a e ace 184 1 us Pl 6 to 8 7.4m Hem 25 1 188a

MAN

Cygnet OR 190 House 125

ST 94 Sort 1 R 196 Alameda EET

ing 198

9 Fr 1

House 3 0 1 Of to iese Gr f PH 1 ice

0

0 1

4 3 een House 20 5 Cinema

7 7.6m 141 Shawfield

Sc 20 13 BRITTEN STREET, LONDONCycle SW3 3TY 4. BUILDERS ARMS or

pio H TCB 10m 20m 30m 145 Hi 13 206 to 222 re 1 ous 0 S 2 tati e Shelter r H on lte onit vey rved. he S 1 ale - 1:1250 on to 2 H ous Ward Bdy 226 e to 224 INTERNAL CONFIGURATION EPC

D-97

TENURE AND TENANCY

The property is held freehold. The entire property is let on a 35 year lease to Ei Group Plc (Company Number 2562808) expiring 16 August 2045 at a current rent of £150,000 per annum subject to five yearly upwards only rent reviews, with the next review on 17 August 2020. The tenant has the benefit of a break option in the 25th year.

COVENANT Second Floor Ei Group Plc (Formerly Enterprise Inns Plc) is the largest pub company in the UK, with over 4,700 properties. The company, which was founded in 1991, operates a predominantly leased and tenanted estate with a growing number of managed operations. For the 12 months to 30 September 2016 the company reported a turnover of £632 million and an EBITDA before exceptional items of £292 million.

Basement TERMS

First Floor We are instructed to invite offers in excess of Ground Floor £4,300,000 (3.27% NIY) assuming purchasers costs of 6.56%.

4. BUILDERS ARMS 13 BRITTEN STREET, LONDON SW3 3TY 5. CASA CRUZ 123A CLARENDON ROAD, LONDON W11 4JG Ladbroke Grove HARROW ROAD

SUTHERLAND A

LADBROKE GROVE

WES TWAY BARLBY ROAD Westbourne Park A4207

W B412 OOD LANE AY TW WES

WESTWAY Casa Cruz A4206

Latimer Road

INVESTMENT SUMMARY White City Notting Hill LADBROKE GROVE A3220

+ Prime Notting Hill location Wood Lane + Close to Holland Park and Ladbroke Grove Notting Hill Gate + Let to international restaurant operator Casa Cruz Holland Park + Current rent £85,200 per annum A4204 Shepherd’s AVENUE HOLLAND PARK + RPI linked rent review in August 2019 offering guaranteed Bush UXBRIDGE RO AD rental growth + Lease expiry August 2034 A219 + Ground, basement and first floor GIA - 306.0 sq m (3,293 sq ft) Goldhawk Road A3220 + Part first, second and third floors held on long leases currently Kensington

generating a ground rent of £200 per annum A315 + We are seeking offers in excess of £1,890,000 (4.25% NIY)

5. CASA CRUZ 123A CLARENDON ROAD, LONDON W11 4JG LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of Notting Hill just off of Ladroke The property has the following approximate gross Grove, in one of London’s most fashionable districts. internal floor areas. Casa Cruz occupies a prime corner position at the Ground 116.7 sq m (1,256 sq ft) junction of Clarendon Road and Portland Road Basement 130.1 sq m (1,400 sq ft) in a predominantly residential neighbourhood of Notting Hill. The property is a short distance from First 59.2 sq m (637 sq ft) Ladbroke Grove and Holland Park in addition to Total 306.0 sq m (3,293 sq ft) Westfield Shopping Centre in Shepherd’s Bush.

PLANNING DESCRIPTION Our initial enquiries of the local authority have The property comprises an attractive former public revealed that the property is not listed and is not house which is arranged over basement, ground and located within a conservation area. first floors, along with a roof terrace at part of the first floor. The second and third floors are in residential use and have been let on a long ground lease. EPC

ACCOMMODATION E-122

GROUND FLOOR The ground floor trading area is fitted to an extremely high standard and has a central servery and a variety of fixed and loose tables and seating. The trade kitchen is also located at this level. FIRST FLOOR Additional dining area and an external roof terrace. BASEMENT Prep kitchen, customer toilets, cellar, ancillary storage and managers office.

5. CASA CRUZ 123A CLARENDON ROAD, LONDON W11 4JG INTERNAL CONFIGURATION TENURE AND TENANCY

The property is held freehold. The ground, basement and first floor is let on a 20 year lease to Casa Cruz London Limited (Company Number 8908956) expiring in 19 August 2034 at a current rent STORE STORE of £85,000 per annum subject to five yearly reviews in line with RPI with a collar and cap of 1.5% and 3.5% Ground Floor, First Floor & Basement STORE ROO F TERRACE respectively. The next rent review is on 20 August FOO D PREP 2019.

STORE WC TRADE AREA The residential upper floors are subject to a 125 year lease from 24 June 2009. The current fixed rent is WC £200 per annum. NO STORE ACCESS

COVENANT WC TRADE AREA

WC STORE Casa Cruz London Limited is a subsidiary of Santa Cruz Co. which was founded by entrepreneur Juan Santa Cruz who has an excellent pedigree in the industry. Following the success of Casa Cruz the Isabel POT WASH KITCHEN Restaurant was launched on Albemarle Street earlier STORE this year. This venture into the London market follows the success of venues such as Casa Cruz, Isabel and Aldos in the Argentinean city of Buenos Aries. OFFICE STORE KITCHEN First Floor Gross Internal Area = 59.16 Sqm / 636.79 Sq.ft TERMS Ground Floor Basement Ground Floor First Floor We are instructed to invite offers in excess of £1,890,000 (4.25% NIY) assuming purchasers costs of 6.24%.

5. CASA CRUZ 123A CLARENDON ROAD, LONDON W11 4JG 6. DIRTY MARTINI 124-127 THE MINORIES, LONDON EC3N 1NT INVESTMENT SUMMARY

+ Prime City location + Close to the Tower of London and Fenchurch Street station + Let to Fuller Smith and Turner Plc + Current rent £185,000 per annum + Rent review in June 2018 offering rental growth potential + Lease expiry March 2033 + Ground and basement GIA - 816.3 sq m (8,787 sq ft) + Upper floors held on a long lease at a peppercorn rent + We are seeking offers in excess of £4,630,000 (3.75% NIY)

6. DIRTY MARTINI 124-127 THE MINORIES, LONDON EC3N 1NT LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of The City on the Minories, in The property has the following approximate gross the centre of London’s square mile and within close internal floor areas. proximity to the Tower of London. Ground 358.2 sq m (3,856 sq ft) Dirty Martini occupies a prime position fronting Basement 458.1 sq m (4,931 sq ft) the Minories, an established leisure destination in the City known for its excellent mix of bars, Total 816.3 sq m (8,787 sq ft) restaurants and hotels. Occupiers nearby include The Chamberlain Hotel (Fuller’s), Thai Square, The Abbey (Novus), The Three Lords, Motel One, PLANNING Hotel Indigo and Revolution. The property is a short distance from Tower Bridge and Fenchurch Street and Our initial enquiries of the local authority have Aldgate stations. revealed that the property is not listed and is not located within a conservation area. DESCRIPTION

The attractive period building has accommodation EPC arranged over ground and basement floors with residential on the upper four floors, which has been let F-126 on a long ground lease.

ACCOMMODATION

GROUND FLOOR A stylish cocktail bar which has been fitted to a high standard and has a variety of loose and fixed seating and a bar servery to one side. A cellar and plant area are also at this level. BASEMENT Further trade area with loose and fixed seating, customer toilets, trade kitchen, staff room, ancillary storage and managers office.

6. DIRTY MARTINI 124-127 THE MINORIES, LONDON EC3N 1NT INTERNAL CONFIGURATION TENURE AND TENANCY

The property is held freehold. The ground and basement is let on a 35 year lease to Fullers, Smith and Turner Plc (Company Number 241882) expiring 26 March 2033 at a current rent £185,000 per annum subject to five yearly upwards only rent reviews, with the next review on 27 June 2018.

OFFICE OFFICE W.C TOILETS Fuller Smith & Turner has underlet the property which is STORE KITCHEN PLANT BIN STORE currently occupied by DC Bars Limited with Tuttons Brasserie GLASS WASH

CELLAR CELLAR CIRC CIRCULATION Limited as guarantor. DC Bars Limited are the company behind FOOD LIFT FOOD LIFT the cocktail bar operator Dirty Martini who currently operate TOILETS from 8 venues in locations including Covent Garden, St Paul’s, TRADE AREA

TRADE AREA VOID TO BELOW Mayfair and Islington.

METERS The residential upper floors are subject to a 999 year lease

TRADE AREA from 25 December 1997 at a peppercorn rent.

CLEANERS VOID TO BELOW CUPBOARD

TRADE AREA CUP.

CIRC COVENANT

CIRCULATION TRADE AREA STAFF TRADE AREA

TOILET Fuller Smith and Turner Plc are a family brewer and leading Basement pub and hotel operator. The company operate from the historic Griffin Brewery site in Chiswick where it brews its famous beers Basement Ground Floor including ESB and London Pride. They currently own 390 pubs and hotels which operate primarily in London and across the south of England. For the 12 months to 26 March 2016 the company reported a turnover of £350.5m and an EBITDA of £65m with a tangible net worth of £265.5m.

TERMS

We are instructed to invite offers in excess of £4,630,000 (3.75% NIY) assuming purchasers costs of 6.57%.

6. DIRTY MARTINI 124-127 THE MINORIES, LONDON EC3N 1NT 7. DUKE OF CLARENCE 148 OLD BROMPTON ROAD, LONDON SW5 0BE E

X

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N R Knightsbridge R ’ L S O

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D ELL ROA CROMW

Gloucester Road South Kensington

D R N O T P Duke of Clarence M O BR LD O Earl’s

Court O NS

L O W G R RD E ON FIN D PT A OM R B C BR D D O L LD E A I O N O R FF C S O R R U E A M G N A H G L INVESTMENT SUMMARY E H R A Y L O U A R G F D D A R O E D N E L N D S S C + Prime South Kensington location H UR

C H

+ S Close to H.R. Owen Ferrari, Eclipse Bar and the Drayton Arms T R E E public house T

+ F Let to leading London pub operator Young & Co’s Brewery P.L.C IN B O R D + O A Current rent £109,860 per annum U O G R H M B A E R H A + O U Chelsea Rent review in September 2017 offering rental growth potential A UL F F O D R T

S T + Lease expiry September 2037 RE R E E D T C L + Ground and basement GIA - 294.2 sq m (3,167 sq ft) IF F AD E RO ENT S KM G NG BAN + Upper floors held on long leases currently generating ground rents A KI A EM R LSE D CHE E of £2,360 per annum N S Worlds Fulham Coleridge River + We are seeking offers in excess of £2,870,000 (3.60% NIY) Broadway End Estate Gardens Thames

7. DUKE OF CLARENCE 148 OLD BROMPTON ROAD, LONDON SW5 0BE LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of South Kensington on The property has the following approximate gross Old Brompton Road, one of London’s most affluent internal floor areas. districts. Ground 147.4 sq m (1,587 sq ft) The Duke of Clarence occupies a prime corner position Basement 146.8 sq m (1,580 sq ft) at the junction of the Old Brompton Road (A3218) and Dove Mews, with nearby occupiers including the Total 294.2 sq m (3,167 sq ft) Drayton Arms public house (Mitchells and Butlers) and H.R. Owen Ferrari. The property is a short distance from both Gloucester Road and South Kensington PLANNING underground stations and the Natural History Museum. Our initial enquiries of the local authority have revealed that the property is not listed but it is located DESCRIPTION within the Boltons Conservation Area.

The property comprises an attractive four storey public house with accommodation arranged over EPC basement and ground floors, along with four apartments at upper floors that have been let on long F-135 ground leases.

ACCOMMODATION

GROUND FLOOR Customer trading area with central bar servery, a mix of tables and seating for approximately 64 covers and customer toilets. BASEMENT Cellar, ancillary storage, managers office and a catering kitchen.

7. DUKE OF CLARENCE 148 OLD BROMPTON ROAD, LONDON SW5 0BE INTERNAL CONFIGURATION TENURE AND TENANCY

The property is held freehold. The ground floor and basement is let on a 35 year lease to Young & Co’s Brewery P.L.C (Company Number 00032762) expiring 28 September 2037 at a current rent of £107,500 per annum subject to five yearly upwards only rent reviews, with the next review on 29 September 2017. The four apartments above are subject to a 125 year lease from 29 September 2002. The current rent is £590 per apartment per annum, which is adjusted every five years in line with RPI.

COVENANT

Young & Co’s Brewery are a leading managed pub company that currently own 252 pubs across London and the south. Turnover for the company was £268.9m in the 12 months to 3 April 2017, an increase of 9.4% from the previous year. EBITDA during this period was £66.5m (2016 £58.4m).

TERMS

We are instructed to invite offers in excess of Ground Floor Basement £2,870,000 (3.60% NIY) assuming purchasers costs of 6.43%.

7. DUKE OF CLARENCE 148 OLD BROMPTON ROAD, LONDON SW5 0BE 8. ELGIN BAR & GRILL 255 ELGIN STREET, LONDON W9 1NJ A F

5 I

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ELS H

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A D

A B B E Y R O A D M A IDA St. John’s Wood L V IL A H L N E O LT Kilburn Park AR C Abbey Road

Studios WEL

L IN CARLT ON VALE G T O Elgin Bar & Grill N D Queen’s R S U R C O IR A Park C D

Maida Vale Lord’s A 5 D R Cricket Ground LL E A V H A IN INVESTMENT SUMMARY LG E E V A D 5 BBC Maida Vale N LA 20 Studios R A5 + THE Prime Maida Vale location SU + Close to Lord’s Cricket Ground in a sort after residential AVE Lisson Grove IN LG W neighbourhood E A RW A5 E IC V K A AV + ND E Let to Urban Leisure Group with an AGA from Ei Group Plc LA A40 ER 4 TH SU Warwick + Current rent £105,000 per annum Avenue

+ Next review in November 2020 A5

+ Lease expiry November 2045 Westbourne Park + Entire building GIA - 556.6 sq m (5,992 sq ft) WESTWAY WES TWAY Edgware + Road We are seeking offers in excess of £2,900,000 (3.40% NIY) Royak Oak A2206

8. ELGIN BAR & GRILL 255 ELGIN STREET, LONDON W9 1NJ LOCATION SECOND & THIRD FLOORS Six double bedrooms, domestic kitchen, separate toilet and bathroom. The upper floors can be accessed from Located in the heart of Maida Vale in one of London’s a separate entrance from Lanark Road. most affluent and fashionable residential districts. EXTERNAL The Elgin Bar and Grill occupies a prominent corner Seating on loose tables and chairs to the front and position at the intersection between Elgin Avenue side elevations. and Lanark Road. Occupiers nearby include Natwest, Savills and Barclays in addition to a number of independent retailers. The property is diagonally opposite Maida Vale underground station and a APPROXIMATE FLOOR AREAS short distance walk from Lord’s Cricket Ground and St John’s Wood. The property has the following approximate gross internal floor areas. DESCRIPTION Ground 137.9 sq m (1,485 sq ft) Basement 132.6 sq m (1,428 sq ft) The property occupies a prominent corner building First 118.9 sq m (1,280 sq ft) with accommodation arranged over ground, basement Second 85.4 sq m (919 sq ft) and three upper floors. Third 81.8 sq m (880 sq ft) ACCOMMODATION Total 556.6 sq m (5,992 sq ft)

GROUND FLOOR Customer trading area with modern tiled bar to the side and seating on a variety of loose tables, chairs and sofas. There is a disabled toilet to the rear. BASEMENT Customer toilets, storage rooms, managers office and cellar. FIRST FLOOR Function room, bar servery and trade kitchen.

8. ELGIN BAR & GRILL 255 ELGIN STREET, LONDON W9 1NJ INTERNAL CONFIGURATION PLANNING COVENANT

Our initial enquiries of the The Urban Leisure Group is local authority have revealed an independent premium that the property is not listed bar and restaurant company but it is located within the operating 8 venues across Maida Vale Conservation Area. the capital. Their existing venues include Alice House in Queen’s Park, Heist Bank in EPC Paddington and Coin Laundry in Exmouth Market. D-97 Ei Group Plc (Formerly First Floor Enterprise Inns Plc) is the largest pub company TENURE AND in the UK, with over 4,700 properties. Third Floor TENANCY The company, which was founded in 1991, operates The property is held freehold. a predominantly leased The entire property is let on a and tenanted estate with a 35 year lease to Urban Leisure growing number of managed Ground Floor (MV) Limited (Company operations. For the 12 months Number 07934041) with to 30 September 2016 the an authorised guarantee company reported a turnover agreement from Ei Group of £632 million and an EBITDA Second Floor Plc (Company Number before exceptional items of 02562808) expiring 29 £292 million. November 2045 at a current rent of £105,000 per annum subject to five yearly upwards TERMS only rent reviews, with the next review on 30 November Basement We are instructed to invite 2020. The tenant has the offers in excess of £2,900,000 benefit of a break option in (3.40% NIY) assuming the 25th year. purchasers costs of 6.44%.

8. ELGIN BAR & GRILL 255 ELGIN STREET, LONDON W9 1NJ 9. ELYSTAN STREET 43 & 39A ELYSTAN STREET, LONDON SW3 3NT Hyde Park Royal Albert BROMPTON ROAD Underground Hall A315 A315

Knightbridge

Harrods

Q Knightsbridge

U E

E X B Belgra E H E N’ A I B UC S I H T A G Nautural History I M O A P P ET N E T R LA NT ST E O C P Museum R E O

A

D L B CHE Y A R L O L SHA S S T M LO R D E Restaurant OA P E L R M WEL A T ROM T C N S O T E R N E S E T T E R R

E O

E

A T D INVESTMENT SUMMARY South Elystan Kensington Street D R N O E T S C P L A M O L + O A P Prime Chelsea location R N E T Saatchi B A T Sloane D V O L E C O N Y Square U Gallery E A + Close to the Natural History Museum and Fulham Road DR O N S L O W C + LI Freehold of the entire property available including residential G PIM A R D D E A N upper floors S O R DRAYTON M A H D + L A Ground and basement let to Michelin starred chef Philip Howard U O C F R H S E O G L GARDENS IN S L K E D A B + C R Current rent £255,500 per annum H U R C D H A O S R + T Ground and basement held on two separate leases both expiring L R A E IT E P T S O October 2027 H

O L A A K Y L O E R + Y First, second and third floor apartment held on a lease expiring S T R E E August 2018 T B NT E ME A ANK U Chelsea EMB F EA + O ELS Next rent review in October 2017 for both restaurant leases R CH T

S T R River E + E Entire building GIA - 490.8 sq m (5,281 sq ft) T Thames

D OA + We are seeking offers in excess of £8,000,000 for the entire property R GS IN

9. ELYSTAN STREET 43 & 39A ELYSTAN STREET, LONDON SW3 3NT LOCATION The apartment comprises an open plan kitchen/dining room at first floor, a master bedroom with ensuite and separate toilet at second floor and two double Located in the heart of Chelsea close to both Fulham bedrooms and a separate bathroom at third floor. Road and Sloane Avenue, in one of London’s most affluent districts. Elystan Street occupies a prominent corner position APPROXIMATE FLOOR AREAS in one of London’s most exclusive residential areas. Nearby occupiers include the Natural History Museum, The property has the following approximate gross the Admiral Codrington public house and Bidendum internal floor areas. Oyster Bar. The property is a short distance from Ground 177.5 sq m (1,910 sq ft) South Kensington underground station. Basement 123.2 sq m (1,326 sq ft) DESCRIPTION First 65.7 sq m (707 sq ft) SLOANE AVENUE

Curran Hous 1 to 30 7 Second 64.6 sq m (695 sq ft)8 Restaurant e 1 to 957

The property occupiers an attractive corner building Third 59.8 sq m (643 sq ft) 85 Boro Const & Ward Bdy

with accommodation arranged over ground, basement LUCA Chelsea Total 4 490.8 sq m (5,281 sq ft) 2 Cloisters N P Filling and three upper floors. LA Station CE

2 4 Garage 28 to 3 E 5

3 2 PLAC o t 36 4 TH 1 to 901 EPC R 47 to T 942 E XWO E I R 1 to 12 ACCOMMODATION T 4 S 8 to S N Colebrook 1 5 I 9 K to Court 2 MA 1 2 C-73 3 1 6 0 to 7 GROUND FLOOR 1 t Bdy

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9. ELYSTAN STREET 43 & 39A ELYSTAN STREET, LONDON SW3 3NT PLANNING The ground and basement of 43 Elystan Street is let COVENANT on a 25 year lease to Elystan Street Limited (Company Number 10133981) expiring 29 October 2027 at a Our initial enquiries of the local authority have revealed Elystan Street is a stylish Michelin Star restaurant in current rent of £158,325 per annum subject to five that the property is not listed and is not located within Chelsea serving modern European food. The restaurant yearly upwards only rent reviews, with the next review a conservation area. is owned by Michelin starred chef Philip Howard on 30 October 2017. who owned and operated the two Michelin starred The ground and basement of 39A Elystan Street is restaurant the Square in Mayfair before selling this in TENURE AND TENANCY let on a 10 year and 2 month lease to Elystan Street 2016 to open Elystan Street in SW3. Limited (Company Number 10133981) expiring The property is held freehold. 29 October 2027 at a current rent of £19,175 per annum subject to five yearly upwards only rent reviews, with TERMS The ground and basement is let on two separate leases the next review on 30 October 2017. both expiring 29 October 2027 at a current combined rent of £177,500 per annum. The three bedroom apartment at first, second and We are instructed to invite offers in excess of third floor levels is currently let on on a lease expiring £8,000,000. A sale price at this level would reflect a on 9 August 2018 at a current rent of £78,000 net initial yield of 3.79% assuming purchasers costs per annum. of 6.56% on the commercial element and £1,760 per square foot on the residential element.

Residential Residential Residential

9. ELYSTAN STREET 43 & 39A ELYSTAN STREET, LONDON SW3 3NT 10. GALVIN 35 SPITAL SQUARE, LONDON E1 6DY INVESTMENT SUMMARY

+ Prime City of London location + Close to Spitalfields Market and Truman’s Brewery + Let to Michelin starred chef’s Chris and Jeff Galvin + Current rent £305,000 per annum + Additional turnover rent payable + Next review in August 2019 + Occupational lease expires August 2034 + Entire building GIA - 593.6 sq m (6,388 sq ft) + We are seeking offers in excess of £9,375,000 (3.05% NIY)

10. GALVIN 35 SPITAL SQUARE, LONDON E1 6DY LOCATION MEZZANINE Additional customer trading area and customer toilets in St Botolph’s Hall. Located in the heart of the City of London at the centre of the capitals business district. BASEMENT Storage rooms, staff changing room and managers Galvin occupies a prime end of terrace position office. There is also a separate access to street level. fronting Spital Square and Bishops Square with nearby occupiers including the Market Tavern (Young’s), EXTERNAL Itsu and Patisserie Valerie. The property is a short Seating on loose tables and chairs to both the front distance from Spitalfields Market, Truman Brewery and and rear elevations. Liverpool Street Station. APPROXIMATE FLOOR AREAS DESCRIPTION The property has the following approximate gross The property occupies the entire Grade II Listed St internal floor areas. Botolph’s Hall and the ground floor of the adjacent Ground 462.4 sq m (4,977 sq ft) modern five storey building which are connected by an Basement 79.5 sq m (855 sq ft) attractive glazed dining area. Mezzanine 51.7 sq m (556 sq ft) ACCOMMODATION Total 593.6 sq m (6,388 sq ft)

GROUND FLOOR Customer trading area arranged across St Botolph’s Hall and the adjacent modern development with an attractive glazed dining area between the buildings. St Botolph’s Hall is arranged with a modern corner bar servery and seating on a variety of loose tables chairs and fixed booth seating. The glass dining area also provides additional seating. The ground floor of the adjacent development provides a modern bar servery, customer seating on loose tables and chairs, customer toilets and a separate coffee servery. There are two trade kitchens with a separate serving hatch for each of the two main areas.

10. GALVIN 35 SPITAL SQUARE, LONDON E1 6DY INTERNAL CONFIGURATION PLANNING 17 August 2019. An additional turnover rent is also payable being equal to the amount by Our initial enquiries of which 6.25% of gross turnover the local authority have exceeds the basic yearly rent revealed that part of the with a cap at 121% of the property is Grade II Listed yearly rent. Further details are (St Botolph’s Hall) and is available upon request. located within the Elder Street Conservation Area. COVENANT EPC Galvin Restaurants is a family run collection of French E-120 Mezzanine restaurants founded in 2005 by Michelin starred chef brothers Chris and Jeff Galvin. TENURE AND The company now operates eleven restaurants across TENANCY London in addition to in Edinburgh and Dubai. The property is held part Galvin La Chapelle was freehold and part leasehold on established in 2009 in a 240 year lease from August Spitalfields and provides 2013 at a peppercorn rent, as modern French cuisine gaining shown in the promap plan in a Michelin Star in the 2011 blue and red respectively. Red Guide. Ground Floor The occupational lease is let for a term of 25 years to Galvin Brasserie De Luxe Limited TERMS (Company Number 05404255) Basement expiring 16 August 2034 at a We are instructed to invite current rent of £305,000 per offers in excess of £9,375,000 annum subject to five yearly (3.05% NIY) assuming upwards only rent reviews, purchasers costs of 6.69%. with the next review on

10. GALVIN 35 SPITAL SQUARE, LONDON E1 6DY 11. MALL TAVERN 71-73 PALACE GARDENS, LONDON W8 4RU LADBROKE GROVE WES TWAY Westbourne Park A4207 WESTWAY

Royal Oak

12 B4 AY TW A4206

Paddington

A4206 B411 Bayswater

Bayswater Notting Hill AD Lancaster ATER RO LADBROKE GROVE W Gate Mall Tavern BAYS Queensway

Notting Kensington Hill Gate Gardens

INVESTMENT SUMMARY Holland Park

A4204 AVENUE PARK + Prime Notting Hill location HOLLAND Palace Green + Close to Kensington Gardens and Kensington Palace + Let to Ei Group Plc

A315 A315 + Current rent £110,000 per annum A3220 Kensington + Next review in November 2020

QUEEN’S GATE + Lease expiry November 2045 + Entire building GIA - 512.0 sq m (5,510 sq ft) TON HIGH STREET

KENSING MARL + We are seeking offers in excess of £3,200,000 (3.23% NIY) Kensington

(Olympia) OES ROAD

11. MALL TAVERN 71-73 PALACE GARDENS, LONDON W8 4RU LOCATION FIRST Private dining room, gentlemen’s toilets and trade kitchen.

Located in the heart of Notting Hill, just off Notting Hill SECOND Gate in one of London’s most fashionable districts. Managers accommodation which comprises three bedrooms, lounge/kitchen, bathroom and utility room. The Mall Tavern occupies a prominent corner position at the intersection between Kensington Mall and EXTERNALLY Palace Gardens in a predominantly residential area. Enclosed beer garden to the rear elevation with

seating on wooden benches. S The property is within close poximity to Kensington DEN EN GAR IND Church Street and Notting Hill Gate where occupiers L race Ter ton

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PO Ground 125.0 sq m (1,345 sq ft) 4 26.8m ic 46 4 epubl 48 zech R 50 Basement 163.0 sq m (1,754 sq ft)

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The Property occupies a prominent corner building 25

First 23 115.0 sq m (1,238 sq ft)

with accommodation arranged over ground, basement 25 81

27 29

27.2m and two upper floors. 35 Bank 1 2 Second 109.0 sq m (1,173 sq ft)6 Shelter

Bank 118 MALL 132 116 TCBs Total WEST 512.0 sq m (5,510 sq ft)

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a

y INTERNAL CONFIGURATION PLANNING COVENANT

Our initial enquiries of the local Ei Group Plc (Formerly Enterprise authority have revealed that the Inns Plc) is the largest pub property is not listed but it is company in the UK, with over located within the Kensington 4,700 properties. Palace Conservation Area. The company, which was founded in 1991, operates a predominantly leased and tenanted estate with EPC a growing number of managed operations. For the 12 months D-90 to 30 September 2016 the company reported a turnover of £632 million and an EBITDA before exceptional items of TENURE AND £292 million. TENANCY TERMS Basement Ground Floor The property is held freehold. The entire property is let on a We are instructed to invite offers 35 year lease to Ei Group Plc in excess of £3,200,000 (3.23% (Company Number 02562808) NIY) assuming purchasers costs expiring 29 November 2045 at of 6.47%. a current rent of £110,000 per annum subject to five yearly upwards only rent reviews, with the next review on 30 November 2020. The tenant has the benefit of a break option in the 25th year.

First Floor Second Floor

11. MALL TAVERN 71-73 PALACE GARDENS, LONDON W8 4RU 12. PATARA 181 FULHAM ROAD, LONDON SW3 6JN E

X H B I 3 B 19 I Q T

U ION

E

E

N Knightsbridge R ’ O S

A G

D

A B

T R

E

O

M

P

T D O ELL ROA N

CROMW

R

O

A D Gloucester Road South Kensington

D R Patara SL N O TO A P NE M A O V EN BR UE LD O

O N S L O W

G RD A ON R PT D OM E BR N D LD S A O C O R A M R NL A EY LH

G FU D A E R O INVESTMENT SUMMARY D N E L N D S S C H T UR REE ST C G H IN + K Prime South Kensington location S T R E E + Close to Royal Marsden School, Saint Augustine of Canterbury and T

Bibendum Oyster Bar F IN B O R D + Let to international Thai restaurant operator Patara O A B3 UG O 0 R 4 H R B AM E + H A Current rent £84,600 per annum O L U Chelsea A U F F O D R T

S + Rent review in December 2017 offering rental growth potential T RE R E E D T C + Lease expiry December 2021 L IF F E ENT G KM + BAN Ground and basement GIA - 131.4 sq m (1,414 sq ft) A EM R SEA D HEL E C + N Upper floors are held on long leases currently generating ground S Worlds rents of £100 per annum Coleridge End Estate River Gardens Thames + We are seeking offers in excess of £1,875,000 (4.25% NIY)

12. PATARA 181 FULHAM ROAD, LONDON SW3 6JN LOCATION APPROXIMATE FLOOR AREAS

Located on London’s fashionable Fulham Road on the The property has the following approximate gross borders of South Kensington and Chelsea. internal floor areas. Patara occupies a prime corner position at the junction Ground 61.9 sq m (666 sq ft) of the Fulham Road (A308) and Sydney Street, with Basement 69.5 sq m (748 sq ft) nearby occupiers incuding Royal Marsden Hospital and exclusive restaurants jewellers and fashion Total 131.4 sq m (1,414 sq ft) retailers including Amanda Wakeley, Butler & Wilson, Vilebrequin and PJ’s Bar & Grill. South Kensington underground station is within easy walking distance. PLANNING

Our initial enquiries of the local authority have DESCRIPTION revealed that part of the property (Number 1 Sydney Street) is Grade II Listed and the property is located The property is arranged over basement and ground within the Chelsea Conservation Area. floors, along with three residential upper floors that have been let on long ground leases. EPC

ACCOMMODATION F-138

GROUND FLOOR The ground floor trading area is styled as a modern Thai restaurant with a bar servery to the rear and a variety of loose tables and seating. BASEMENT Additional trade area, customer toilets, trade kitchen and ancillary storage.

12. PATARA 181 FULHAM ROAD, LONDON SW3 6JN INTERNAL CONFIGURATION TENURE AND TENANCY

The property is held freehold. The ground and basement is let on a 15.5 year lease to S&P Restaurants Limited (Company Number 02363316) expiring 24 December 2021 at a current rent of £84,500 per annum subject to an upwards only rent review on 24 December 2017. The three apartments above are subject to long leases. Apartments 1 and 3 are subject to a 189 year lease from 24 June 1990 at a peppercorn rent. Apartment 2 is subject to a 99 year lease from 24 June 1990 at a fixed rent of £100 per annum.

COVENANT

S&P Restaurants currently operate 8 restaurants in London, 7 of which are under the Patara brand (Berners Street, Hampstead, Knightsbridge, Soho, South Kensington, Hampstead and Oxford Circus) and Suda in Covent Garden. In the 12 months to 31 December 2015 the company reported turnover of £7.46m, pre-tax profits of £285,317 with a tangible net worth of £2.98m. Patara also have restaurants which operate outside of S&P Restaurants Limited in Geneva, Bangkok, Singapore, Beijing and Vienna.

Ground Floor Basement TERMS

We are instructed to invite offers in excess of £1,875,000 (4.25% NIY) assuming purchasers costs of 6.24%.

12. PATARA 181 FULHAM ROAD, LONDON SW3 6JN 13. PRINCE OF WALES 150 DRURY LANE, LONDON WC2B 5TD INVESTMENT SUMMARY

+ Prime Covent Garden location + Close to the Royal Opera House and the London Transport Museum + Let to Spirit Pub Company which is wholly owned by Greene King Pub Company + Current rent £281,435 per annum + Fixed annual rental increases of 2.5% offering guaranteed rental growth + Entire building GIA - 753.6 sq m (8,112 sq ft) + We are seeking offers in excess of £8,500,000 (3.10% NIY)

13. PRINCE OF WALES 150 DRURY LANE, LONDON WC2B 5TD LOCATION SECOND FLOOR Two function rooms, trade kitchen, storage rooms, managers office and staff toilets/changing room. Located in the heart of London’s West End, Covent Garden is renowned as being at the centre of the THIRD FLOOR capitals tourism and entertainment scene. Managers accommodation comprising five double rooms, bathroom, separate toilet and The Prince of Wales occupies a prominent corner domestic kitchen. position at the intersection between Drury Lane and Great Queen Street with occupiers nearby including Itsu, the De Vere Grand Connaught Hotel, the New London Theatre and Freemason’s Hall. The property is InternationalAPPROXIMATE House FLOOR AREAS a short distance from many restaurants, bars, fashion retailers and theatres that make up Covent Garden. The property has thee following approximate gross ) Hous e s s u o Powi H internal floor areas. eet Houseg

in EET

1 tr g 0 16

11 to 13 d 40 PH

t S o o

L STR

1 ( 4 ker ar 8

P KER 1

3

9 4

PAR t

o

Ground 166.1 sq m (1,788 sq ft) 3

8 8

21 to 30 to 21 19 to 21 7 s 32 7 p o

to 30

1 6 DESCRIPTION 1 rksh Basement o 157.4 sq m (1,694 sq ft)

W

6

2

28

2 3

0 3 to

wych s

ld ych g 1 ds A w in 1

d d 24 to 26 l 10 to 1

Al i

2 Bu 6 First PARKER 159.5 sq m (1,717 sq ft) The property occupies an attractive corner building Rising Bollar Car Park Connaught Rooms MEW 1 S 7 Second 153.0 sq m (1,647 sq ft) with accommodation arranged over ground, basement 1 30

1

7 8 0 to

a New London Theatre 2 and three upper floors. Third170 117.64 sq m (1,266 sq ft) 1 6 9 1 GREAT QUEEN STREET 6 8 4 3

Total 167 753.6 sq m (8,112 sq ft)

6 23

Hall

4

2 Chy

4

5 Freemasons' Hall 2

8 (United Grand Lodge ACCOMMODATION TCP 3 PH 9 of England) 161 3

DRURY Court

ld 26 to 29 to 26 0 4 Wi

LA

4

3 NE 158

to 0

GROUND FLOOR 3 157 41 to 44

C 35 R

2 3 Customer trading area with traditional wooden bar .8 WIL e 2 m D STRE Cycle Hire TCB E

Dem T Hous 36

4 C Station 45 d

R

18

o o t servery and seating on a variety of loose tables and 8 Wel

PH

6 EET 37 STR 9

0 EN 3

chairs. Customer toilets are located at this level.Bdy 1

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PH 80 k B 9 4 n 2 lock H

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3 P Bank 43 to 5 ea 2 145 ) b

8 od

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3 9 FIRST FLOOR to Peabody Estate

8 sta

7 1 te 4 6 to 8 Bl 29 oc

21 k Function room with separate bar servery, prep kitchen 46 to 44 G

19 1 23.5m t o B 29

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6

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AC 1 to 50 58 Court F G letcher B LON Drury

TCBs ui 61 ldi Lane ngs t Chambers r 19 House u Gardens

reet 57 to 59 to 57 Co St Court Play Area es 23.8m Bow trat

e 15012 to 9 DRURY LANE, LONDON WC2B 5TD 13. PRINCE OF WALES agis Crown M Sports Court

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Theatre Royal INTERNAL CONFIGURATION PLANNING COVENANT

Our initial enquiries of the local Spirit Pub Company was acquired authority have revealed that the by Greene King Plc in 2015 for property is not listed but it is £774m, forming the largest located within the Covent Garden managed pub company in the Conservation Area. UK with an estate of over 3,100 properties. The company operate from the historic Westgate EPC Brewery in Bury St. Edmunds where it brews its famous beers D-80 including Old Speckled Hen and Abbot Ale. For the 12 months to 30 April TENURE AND 2017 Greene King Plc reported a turnover of £2,216 million and an TENANCY EBITDA of £524 million.

The property is held freehold. Ground Floor Second Floor Third Floor TERMS The entire property is let on a 30 year lease to Spirit Intermediate We are instructed to invite offers Holdings Limited (Company in excess of £8,500,000 (3.10% Number 04914762) expiring NIY) assuming purchasers costs 23 June 2034 at a current rent of 6.68%. of £281,435 per annum subject to fixed annual increases of 2.5% until 25 December 2018. From 25 December 2019 the rent can be reviewed at the election of the landlord to either five yearly upwards only open market reviews or annually compounded Basement First Floor fixed increases of 2.5%.

13. PRINCE OF WALES 150 DRURY LANE, LONDON WC2B 5TD 14. RED LION 23 CROWN PASSAGE, LONDON SW1Y 6PP INVESTMENT SUMMARY

+ Prime St James’s location + Close to St James’s Park and Buckingham Palace + Let to Ei Group Plc + Current rent £90,000 per annum + Next rent review in January 2020 + Lease expiry January 2045 + Entire building GIA - 199.8 sq m (2,151 sq ft) + We are seeking offers in excess of £2,600,000 (3.25% NIY)

14. RED LION 23 CROWN PASSAGE, LONDON SW1Y 6PP LOCATION SECOND FLOOR Ladies toilets and managers accommodation comprising double bedroom, living room Located in the heart of St James’s in London’s and bathroom. West End. The Red Lion occupies a mid terraced position fronting Crown Passage, which runs between Pall Mall and APPROXIMATE FLOOR AREAS King Street in one of London’s most exclusive districts. Nearby occupiers on Crown Passage include Coco di The property has the following approximate gross S T JA Mama, Pret a Manger, Eat and Davy’s with landmark internal floor areas. ME S 'S b S buildings in the vicinity including St James’s Palace, u QUA Cl T rts Ground 50.7 sqEE m (546 sq ft) po TR S RE S nd The Army & Navy Club and The Ritz. The property is a ER a

YD dia R 15 to 9 In st Ea short distance from Green Park underground station. Basement 48.5 sq m (522lace sq ft) 1 P 4

rinces 17 P

B

0 URY 3

1

2 8 4

7 First S 50.5 sq m (544 sq4 ft) 2 25 TRE 1

E 2 T

1

4

Second 50.1 sq m (539 sq ft) 3

3

DESCRIPTION 31 8 1

REET 9 se 23 u d Ho 7 lan TotalRYDER ST 199.8 sq m (2,151 sq ft) ve Cle 4 7 Ryd

to

5

3 e 6 2 r 9 Co

u The property comprises an attractive Grade II Listed rt 37 8

3 37 T 2 EE S 1 2 TR

T JA S 38 public house with accommodation arranged over 1 G N

KI

8 10 M 20 3 CLEVELAND

E 5 2

6

S to Ro

EPC 2 ' ground, basement and two upper floors. S 8 1 se

S 9

a 10 25 TRE 15 40 n d PLACE

Bank Buildings Almack House Cro 21 E 15 PH

T 2 wn to 4 LB 17 Ya 8

1 rd

6 23 D-99 5 Angel

18 4

Court

2

1 3

ACCOMMODATION 3

El Sub Sta

6

2 6 0

10

9

16

a

46 7

GROUND FLOOR 6

8

6 10 17

1 49 A traditional public house with wooden bar servery Crown P o t

8

9 4 6 5 7 as

to s

age 20 0

and seating on a variety of loose tables, chairs and 9 4 5 71 3

21 52 2

ub 5 8.8m

22 1 bar stools. Cl 72 n P rlto icke 4

9.1m P 54

r

Ca la in

MALL 7 3 ce g PH 1

55 2

73 56 PALL BASEMENT 1 57 58

9 5 70 Oxford and

Gentlemen’s toilets, storage room and cellar. Cambridge 68 University Club

2 62 67 1 Bank FIRST FLOOR 64 Additional trading area with seating on loose tables 78 65 Police Post 8.5m and chairs and a trade kitchen. 86 Marlborough 1 Gate l

ason Hal

ark M

M 66 8 88 9 2

7 7.9m s Marlborough House RUS 12 SELL COURT Queen' Commonwealth Centre

6 hapel 3 Gatehouse C

's an De ce en sid urt Re Sudanese Embassy ta r Co S u ub C lo l S h Co E R a p o e 3 ya l 7.6m l

M MARLBOROUGHem ROAD 7 ori al 10m 20m 30m

CLEVE 23 CROWN PASSAGE,LAND ROW LONDON e SW1Y 6PP 14. RED LION e vey ed. Palac 's ourt Hous ale - 1:1250 C Court York s ames St J Friary

Ambassador' INTERNAL CONFIGURATION PLANNING

Our initial enquiries of the local authority have revealed that the property is Grade II Listed but is not located within a conservation area.

TENURE AND TENANCY

The property is held freehold. The entire property is let on a 35 year lease to Ei Group Plc (Company Number 02562808) expiring 13 January 2045 at a current rent of £90,000 per annum subject to five yearly upwards only rent reviews, with the next review on 14 January 2020. The tenant has the benefit of a break option in the 25th year.

Ground Floor Second Floor COVENANT

Ei Group Plc (formerly Enterprise Inns Plc) is the largest pub company in the UK, with over 4,700 properties. The company, which was founded in 1991, operates a predominantly leased and tenanted estate with a growing number of managed operations. For the 12 months to 30 September 2016 the company reported a turnover of £632 million and an EBITDA before exceptional items of £292 million.

TERMS

Basement First Floor We are instructed to invite offers in excess of £2,600,000 (3.25% NIY) assuming purchasers costs of 6.40%.

14. RED LION 23 CROWN PASSAGE, LONDON SW1Y 6PP 15. UXBRIDGE ARMS 13 UXBRIDGE STREET, LONDON W8 7TQ LADBROKE GROVE WES TWAY Westbourne Park A4207

Royal Oak

12 B4 AY TW A4206 WES

Portobello Market A4206 B411 Bayswater oad

Bayswater Notting Hill AD WATER RO LADBROKE GROVE BAYS

Uxbridge Arms Queensway

Notting Hill Gate

INVESTMENT SUMMARY Holland Park

A4204 AVENUE + Prime Notting Hill location HOLLAND PARK Palace Green + Close to Kensington Gardens and Kensington Palace + Let to Ei Group Plc

A315 A315 + Current rent £100,000 per annum A3220 Kensington + Next rent review in January 2020

QUEEN’S GATE + Lease expiry January 2045 + Entire building GIA - 234.8 sq m (2,528 sq ft) TON HIGH STREET

KENSING MARL + We are seeking offers in excess of £2,600,000 (3.61% NIY) Kensington

(Olympia) OES ROAD

15. UXBRIDGE ARMS 13 UXBRIDGE STREET, LONDON W8 7TQ LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of Notting Hill, just off Notting Hill The property has the following approximate gross Gate in one of London’s most fashionable districts. internal floor areas. The Uxbridge Arms occupies a prominent mid terraced Ground 89.0 sq m (958 sq ft) position fronting Uxbridge Street, a predominantly Basement 69.6 sq m (749 sq ft) residential road. The property is a short distance from

K First 76.2 sq m (821 sq ft)e n Portobello Market, Kensington Palace and Notting Hill sin Elim g to Pentecostaln Te mp Gate underground station. le Total 234.8 sq m Mercury(2,528 sq ft)

Su HO

rg

RB 28 e

ry URY 1 2 2b 2 10 4 ME 12

W 4 S 1 TCB LADBROKE ROAD 16

DESCRIPTION PLANNING18

20 5 2

25.8m 37

S 3

1 W

E

1 R M

E 49 M

UL

B

53 5

The property comprises an attractive mid terraced 5 Our initial enquiries of the local authority have Prince

Albert

59 BULMER MEWS 61

public house with accommodation arranged over revealed that the property is not listed but it1 is located7 63a El Sub Sta ground, basement and first floor. within the Kensington Conservation Area. 3

VI Depot

C 1 TOR

I A

GAR

D

20 EN

17 S

8 ACCOMMODATION 8 EPC to 1 1 Campden 5

Hill 7 El Sub Sta 100 Towers 102 104 106 108 112 0 1 11 GROUND FLOOR to E-125. 114 23 118 120 y ard Bd odge 124 W A traditional public house with central wooden bar Gate Hi Ivy L 134 Shelter

l servery, seating on a variety of loose tables, chairs and l Cour 144 152 146 to 154 TCBs t 158 162

bar stools and ladies toilets to the rear. 164 28.9m 101 TCB Shelter

1

113

LL 117 3 BASEMENT G HI 121

NOTTIN 28.4m

to 131 to Cinema

127

129

ATE 135

1

G 3

9 T 1

4

3 E

1

4

Gentlemen’s toilets, storage room and cellar. 5

1

3

7 TRE

1 S 4

1 1

4

7

1 4 9

1 RIDGE 5

3 B

157 UX 1 5 9

1 27

9 3 6 2

FIRST FLOOR 1

1

1 TCB

2 6

PH 15 24 to 20 6

Managers office and accommodation comprising 109

8 18

18

double bedroom, living room, bathroom and kitchen. 3 1

HIL 6

L 186 2

GATE STREET

EXTERNAL 4 CA

101 2 L 1 L 1 CO 2 1

T 184

T Seating on wooden benches to the front elevation. 1a 31.5m S

T C 182 RE

AMPD 1 E 11a 11 180 T

EN 5 F AR

H El Su I LL M PLAC

PLAC b

Sta

0

1 2 5 3 E E

18

34 170

1 168 6

20

6

3 CAMPDEN 4 4

4 5 4

10m 20m 30m 164 0

1

HI 57 LL 7

vey ed. 7 G

ARDENS 1:1250 15. UXBRIDGE ARMS 13 UXBRIDGE STREET, LONDON W8 7TQ INTERNAL CONFIGURATION TENURE AND TENANCY

The property is held freehold. The entire property is held on a 35 year lease to Ei Group Plc (Company Number 02562808) expiring 13 January 2045 at a current rent of £100,000 per annum subject to five yearly upwards only rent reviews, with the next review on 14 January 2020. The tenant has the benefit of a break option in the 25th year.

COVENANT

Ei Group Plc (Formerly Enterprise Inns Plc) is the largest pub company in the UK, with over 4,700 properties. The company, which was founded in 1991, operates a predominantly leased and tenanted estate with a growing number of managed operations. For the 12 months to 30 September 2016 the company reported a turnover of £632 million and an EBITDA before exceptional items of £292 million.

TERMS

Basement Ground Floor First Floor We are instructed to invite offers in excess of £2,600,000 (3.61% NIY) assuming purchasers costs of 6.40%.

15. UXBRIDGE ARMS 13 UXBRIDGE STREET, LONDON W8 7TQ 16. WATERFRONT BRASSERIE UNIT 3, ST GEORGES WHARF, SW8 2AX LAMBETH ROAD HORSEFERRY ROAD

Lambeth

VA UXHALL BRIDGE ROAD Tate Britain EMBANKMENT

A3213 BLA ALBERT

MILLBANK CK PRINCE ROAD Pimlico

ST GEORGE’S DRIVE

TREET Pimlico Vauxhall LUPUS S Waterfront Brasserie

Churchill A3204

Gardens HARLEYFORD ROAD

Vauxhall GROSVENOR ROAD Kia Oval INVESTMENT SUMMARY

+ Prominent River Thames frontage NINE ELMS LANE A3036 + Close to the Oval and Tate Britain Oval + Let to Waterfront Brasserie Limited A3205 + Current rent £150,000 per annum Nine Elms

+ Next review in March 2018 36 A30 + Occupational lease expires March 2028 S LAMBETH ROAD

CALDWELL + Ground and part first floor GIA - 437.9 sq m (4,713 sq ft) A3 STREET + 999 year lease from December 1999

+ We are seeking offers in excess of £2,350,000 (6.00% NIY) LANSDOWNE WA BRIXTON ROAD A3036 Y

16. WATERFRONT BRASSERIE UNIT 3, ST GEORGES WHARF, SW8 2AX LOCATION APPROXIMATE FLOOR AREAS

Located in the heart of Vauxhall in the St Georges The property has the following approximate gross Wharf Riverside development. internal floor areas. Waterfront Brasserie occupies a prominent position Ground 348.0 sq m (3,746 sq ft) fronting the River Thames with nearby occupiers First 89.9 sq m (967 sq ft) including The Riverside (Young’s), Pret A Manger and Brunwick House. The property is a short walk from the Total 437.9 sq m (4,713 sq ft) Oval, Vauxhall Park, Tate Britain and Vauxhall station. PLANNING DESCRIPTION Our initial enquiries of the local authority have The property occupies a modern riverside revealed that the property is not listed and is not development with Waterfront Brasserie arranged over located within a conservation area. ground and part first floor. The upper floors have been converted to luxury apartments and fall outside of our clients ownership. EPC

C-54.

E ACCOMMODATION W FO ar d O Bdy T

GROUND FLOOR

1 B to Open plan customer trading area with a bar servery Shingle ri 1 d 46 ge H ou and trade kitchen to the front and customer seating se

on a variety of loose tables, chairs and fixed booth 9 1

8 seating. To the rear is a second trade kitchen, disabled 1 St George Wharf Pier 18 Anchor House 1 to Dr 298 toilet and a number of storage rooms. a 7 ke 4 1 H 1 to 0 3 o 8 a u 1 se 6 1 St George Wharf

F 1 o FIRST FLOOR un 7

ta

4a in 1 H ou 4 s Customer toilets, managers office and a number of 13 1 e b

1

storage rooms. 3c Admiral Hou

1

7 9 9 9 EXTERNAL 2 to Armada House 6 3 3 2 DW Extensive terrace to the front elevation overlooking Ensign Ho 1 the River Thames.

16. WATERFRONT BRASSERIE UNIT 3, ST GEORGES WHARF, SW8 2AX

s u INTERNAL CONFIGURATION TENURE AND TENANCY

The ground and part first floor is held on a 999 year lease from December 1999 at a peppercorn rent. The occupational lease of the ground and part first floor is held for a term of 15 years to Waterfront Brasserie Limited (Company Number 10745987) with an authorised guarantee agreement from Goldman Restaurants Limited (Company Number 09389926) expiring 25 March 2028 at a current rent of £150,000 per annum subject to five yearly upwards only rent reviews, with the next review on 26 March 2018.

COVENANT

Waterfront Brasserie Limited is a new company incorporated in April 2017. A rent deposit of £112,500 is held by the long leaseholder.

TERMS

We are instructed to invite offers in excess of £2,350,000 (6.00% NIY) assuming purchasers costs of 6.35%.

Ground Floor First Floor

16. WATERFRONT BRASSERIE UNIT 3, ST GEORGES WHARF, SW8 2AX THE PROCESS & CONTACTS

If you wish to view any of the assets then please undertake a discreet customer visit in the first instance. All formal viewings must be arranged via the sole selling agents Savills.

Our client’s preference is to complete the sale of the Mint Portfolio in a single transaction, either by the sale of the assets or the sale of the shares of the single purpose vehicle which owns each of the assets. They may, however be prepared to consider the sale of certain assets individually or in smaller groups.

All offers should be submitted in writing, sent via email and include the following:

+ The price to be paid on completion net of purchaser’s costs

+ Proof of funding

+ Any conditions attached to the offer

+ An outline of any due diligence undertaken to date and the further due diligence that would be required to complete the transaction

+ Proposed timing to exchange contracts and complete the transaction

For access to the data room or for further information please contact:

Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (L&P) Limited.

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any 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 particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for PAUL BREEN STUART STARES guidance only and are not necessarily comprehensive. It should not be assumed that the property T: 020 7877 4555 T: 020 7299 3088 has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. M: 07767 873353 M: 07807 999841 [email protected] [email protected] September 2017