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Home , Charing Cross, Marylebone, Marylebone Road, Mayfair, Portland Place, Soho

25 ROAD NW1 PROMINENT CORNER FREEHOLD PROPERTY WITH SIGNIFICANT VALUE ADD POTENTIAL THROUGH REFURBISHMENT, REDEVELOPMENT OR CHANGE OF USE INVESTMENT HIGHLIGHTS

 Situated in the fashionable and dynamic sub-market of Marylebone, occupying a prominent corner position;

 Freehold site situated less than 250 metres away from Station, catering to c. 28 million passengers per year;

 Excellent transport links with Marylebone Railway Station and Baker Street, Regent’s Park and Underground Stations nearby;

 Total gross internal area of 49,498 sq ft (4,598.5 sq m);

 The property benefits from full vacant possession or a short term leaseback to the current owner occupier, The Methodist Church, upon completion of sale, on terms to be agreed;

 Numerous options to add value through repositioning of the offices or change of use to medical (under Class E) or to educational, hotel or life sciences, subject to the necessary planning approvals;

 Outstanding retailing and leisure provision, with Marylebone Village, a highly affluent area home to a number of exclusive boutiques, renowned restaurants and fashionable hotels, situated moments away;

 Less than 5 minutes’ walk to one of London’s most popular open spaces, Regent’s Park;

 Offers are invited for the freehold interest, subject to contract and exclusive of VAT 25

Fitzrovia BBC Broadcasting Regent’s Park Marylebone University of Hyde Park House High Street LOCATION

Located in Marylebone. the property is positioned within one of the most vibrant and desirable districts in the of London.

The Marylebone submarket attracts demand from a diverse pool of occupiers, and experiences substantial demand from prominent office tenants including PIMCO, Fujitsu and British Land due to its close proximity to .

Occupiers are drawn to Marylebone’s wealth of local amenities with an exceptional mix of retail, restaurant, leisure and hotels as well as its lively commercial district.

The area is also renowned for its prevalence of medical occupiers and hospitals including include The Princess Grace Hospital and King Edward Hospital.

Marylebone’s appeal is further bolstered by the area’s expansive green spaces provided by Regent’s Park spanning 410 acres to the north and offering an Open Air Theatre, the , gardens and a boating lake. ST. PANCRAS INTERNATIONAL

E KING’S CROSS ST. PANCRAS V E R S H O L T EUSTON S T

REGENT’S PARK

D SAINT PANCRAS P R E A N R O K B E R YL D 6 R A L M A K P 4 C 25 MARYLEBONE 2 TO EUSTON SQUARE 0 IS ROAD 0 V 23 TA G

L WARREN STREET O 17 U

C GREAT RUSSELL E D BAKER STREET NE R PORTLAND 15 S LEBO 4 SQUARE T Y STREET MAR 16 E

27 R 24

P REGENT’S 3 L PARK MARYLEBONE 14 9 2 28

P

MARYLEBONE HIGH ST HIGH MARYLEBONE O

R 12 30 T 13 L A GOODGE B N A D STREET 19 B K 11 P E L L O R O

S M 29 T MARYLEBONE 8 S 10 B 5 U R 7 Y 21 1 S 26 T 18 25 A40 ST RGE 20 GEO ST ORE IGM E W D COURT ROAD SITUATION G W EET D STR A XFOR R O OXFORD CIRCUS Situated on the south side of Marylebone E R 22 Road and the western side of O A D Nottingham Place, 25 Marylebone Road occupies an enviable corner pitch. The quiet residential road of Bingham Place lies to the south and provides HOTELS AND RESTAURANTS RETAIL AND BARS OFFICE & EDUCATION service access to the property. 1. The Langham Hotel 11. Jaeger 21. Fujitsu The opportunity is located in the 2. The Landmark Hotel 12. L K Bennet 22. British Land Marylebone submarket which runs east- 3. Dorset Square Hotel 13. Matches Fashion 23. Icon Capital west from to 4. Radisson Blu Edwardian Hotel 14. The Conran Shop 24. Maximum Potential Road and is bounded by Marylebone Road to the north, Fitzrovia to the east, 5. Durrants Hotel 15. Oliver Bonas 25. PIMCO and Mayfair to the south 6. Meliá White House Hotel 16. The Green Man 26. Engine Group and to the west. 7. The Marylebone Hotel 17. Smugglers Tavern 27. BNP Paribas 8. Chiltern Firehouse 18. The Wigmore 28. University of Westminster 9. The Fitzrovia Hotel 19. The Queen Charlotte 29. Brevan Howard 10. Treehouse Hotel 20. The Champion 30. Queen’s College CONNECTIVITY

25 Marylebone Road benefits from its close proximity INTERNATIONAL to five of London’s major railway stations including Paris - 3 hours Marylebone, Euston, King’s Cross, Paddington and St Amsterdam - 5 h ours Pancras. The property is less than a 10 minute walk from Baker Street, Regent’s Park and Great Portland Street Underground stations, providing Bakerloo, Jubilee, 25 MARYLEBONE Circle, & City and Metropolitan line ROAD services as well as a plethora of bus routes providing services across and beyond.

KING’S CROSS ST PANCRAS 11 minutes

PADDINGTON EUSTON 9 minutes MARYLEBONE

BAKER STREET

STANSTED AIRPORT 75 minutes FARRINGDON

REGENT’S PARK

OXFORD CIRCUS TOTTENHAM 8 minutes COURT ROAD BOND STREET MOORGATE

HOLBORN

NOTTING HILL LIVERPOOL STREET GATE 17 Minutes

LEICESTER SQUARE BANK 21 minutes CITY AIRPORT 39 minutes CANNON STREET CIRCUS MONUMENT

CHARING CROSS

HEATHROW AIRPORT 31 minutes BLACKFRIARS

EMBANKMENT SOUTH ST JAMES’S WESTMINSTER KENSINGTON VICTORIA PARK

The Elizabeth Line, due to open in 2022, is one of Europe’s largest infrastructure projects, connecting Shenfield in the east WATERLOO 16 minutes to Reading in the west and significantly reducing travel time across London.

GATWICK AIRPORT 48 minutes THE BUILDING

The property comprises an office building of traditional masonry construction with brick elevations, offering 30,034 sq ft (2,790.2 sq m) NIA and 49,498 sq ft (4,598.5 sq m) GIA of office and ancilliary accommodation arranged over basement, lower ground, ground and seven upper storeys. Internally the accommodation provides cellularised floorplates of 2,204 sq ft (204.8 sq m) to 3,456 sq ft (321.1 sq m). The property also uniquely benefits from a wide central spiral staircase, a chapel and a double height meeting hall on the 1st floor. The property offers numerous opportunities for regeneration, subject to obtaining the appropriate planning consents.

TENURE The Property is held Freehold under Title Number 337257.

TENANCY The property will be offered with full vacant possession or a short term leaseback to the current owner occupier upon the completion of sale, on terms to be agreed.

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

FIRST FLOOR

ACCOMMODATION MARYLEBONE ROAD

The property has been measured by Lane & Frankham in accordance with the RICS Code of Measuring Practice (6th Edition), and comprises the following gross and net internal floor areas:

The accommodation is arranged as follows:

Floor Use NIA (Sq ft) NIA (Sq m) GIA (Sq ft) GIA (Sq m) NOTTINGHAM PLACENOTTINGHAM 7th Office 2,271 211.0 3,836 356.4 6th Office 3,433 318.9 5,174 480.7 5th Office 3,456 321.1 5,203 483.4 4th Office 3,408 316.6 5,187 481.9 3rd Office 3,298 306.4 5,201 483.2 2nd Office 2,204 204.8 3,550 329.8 1st Office 3,187 296.1 5,125 476.1 Office 2,902 269.6 Ground 5,168 480.1 Reception 374 34.7 Lower Ground Meeting rooms 3,208 298.0 6,198 575.8 Basement Storage 2,293 213.0 4,856 451.1 TOTAL 30,034 2,790.2 49,498 4,598.5

GROUND FLOOR TYPICAL UPPER FLOOR

MARYLEBONE ROAD MARYLEBONE ROAD NOTTINGHAM PLACENOTTINGHAM PLACENOTTINGHAM

Not to scale - for indicative purposes only REDEVELOPMENT POTENTIAL

As part of upgrading the wider Church estate and providing up to date office and church facilities detailed consideration was given to both the refurbishment and redevelopment of 25 Marylebone Road.

REDEVELOPMENT These proposals involved the demolition and rebuild of 25 Marylebone Road to provide a new, modern building with an additional 50% NIA over the original property.

The new scheme provided a basement level gallery, alongside shower and cycle parking facilities, Grade A office accommodation over floors one to seven and a communal roof garden at the eighth floor.

A pre-app was submitted for this new scheme in December 2019 and received a positive response from Westminster demonstrating the clear potential for significant area gain on the site.

CGI of Proposed Scheme MODERNISATION OF THE CHAPEL, MEETING AND AUDITORIUM SPACE ON THE FIRST FLOOR, WHICH PRESENTS GREAT POTENTIAL TO PROVIDE ENTERTAINMENT SPACE FOR FUTURE OCCUPIERS

REFURBISHMENT OF THE EXISTING BUILDING CGI of Proposed Scheme - Chapel Scott Brownrigg and a wider consultancy team considered options for a refurbishment of the building to modernise and improve the office accommodation and amenity. NEW MALE AND FEMALE SHOWER FACILITIES AND A NEW CYCLE STORE INSTALLED AT CGI of Proposed Scheme - Reception BASEMENT LEVEL

RECONFIGURE THE ACCOMMODATION INTERNALLY AND IN DOING SO SIGNIFICANTLY INCREASE THE NIA

CGI of Proposed Scheme - Cafe

IMPLEMENTATION OF KEY SUSTAINABILITY STRATEGIES INCLUDING A NEW GREEN ROOF GARDEN

THE DOUBLE HEIGHT MODERNISATION OF RECEPTION AREA EXTERNAL TERRACES TO BE RENOVATED TO MAXIMISE AND MODERNISED FLOOR AREA WHILE MAINTAINING THE SAME AESTHETIC

TARGET OF ACHIEVING BREEAM ‘EXCELLENT’ ALTERNATIVE USE POTENTIAL The property is uniquely situated in a genuinely mixed use location. Indeed the area to the east of the property has become known as The Knowledge Quarter given the presence of institutions such as The Francis Crick institute, St Martin’s College of Art, The Royal Veterinary College and The Wellcome EDUCATIONAL Trust to name but a few. In addition to the traditional office Marylebone, and specifically the occupiers, these institutions draw in other sectors such as the nearby , is a hotbed life science occupiers. This combined with numerous hospitals for Educational Institutions, and university facilities would suggest the potential for the with universities in particular following uses; attracted to the location. There is significant potential to reposition this opportunity to capitalise on this vibrant occupier base.

LIFE SCIENCES With the increasingly active Life Science HOTEL occupier drift to the The area of Fitzrovia is defined by its West End, not only does outstanding provision of hotels alongside 25 Marylebone Road its close proximity to some of London’s present an excellent most popular tourist destinations. opportunity to provide a Repurposing 25 Marylebone Road for purpose built scheme for hotel use would be an intelligent use of this occupier base, but it the surrounding areas characteristics. is also perfectly located.

MEDICAL With a multitude of medical institutions nearby such as University College Hospital, King Edward VII’s Hospital and The Princess Grace Hospital, 25 Marylebone Road presents unrivalled potential to tap in to this type of occupier. FURTHER INFORMATION CONTACT

EPC VAT For further information please contact: A copy of the certificate is available on the The property is not elected for VAT. Barry Mangan data room. [email protected] PRICING +44 (0) 20 7409 5915 PLANNING +44 (0) 7985 416 325 Offers are invited for the freehold interest, The property is not listed and is not located subject to contract and exclusive of VAT. Mark Gilbart-Smith within a conservation area. [email protected] +44 (0) 20 7409 5925 +44 (0) 7976 151 337

Will Post [email protected] +44 (0) 20 3107 5490 +44 (0) 7807 999 984

IMPORTANT NOTICE

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 guidance only and are not necessarily comprehensive. It should not be assumed that the property 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.

Designed and Produced by Savills Marketing: 020 7499 8644 | July 2021