65-68-South-Molton-Street-32-Brook-Street-MAYFAIR-LONDON-W1
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02 03 INVESTMENT SUMMARY Rare Mayfair virtual Freehold Mayfair is London’s most exclusive district with the world’s finest retailing provision Prominent corner property providing 50 metres of retail frontage on South Molton Street and Brook Street, opposite Claridge’s Situated a 1 minute walk from both entrances to the new Bond Street Crossrail Station opening in December 2018, and a 4 minute walk from Oxford Circus Station Immediate area set to benefit from nearby developments 04 and major infrastructure improvements 05 Property provides a total of 14,757 sq ft (1,370.8 sq m) of retail and office accommodation Fully let to a diverse tenant base producing a total rental income of £1,651,050 per annum, anchored by retail tenants Links of London and Thomas Sabo Two thirds of the total income is from the retail units Average retail rent of £470 Zone A, offering a significant discount to £2,000 Zone A on Bond Street to the south and £1,150 Zone A on Oxford Street to the north Low passing office rent of only £57.30 per sq ft, equating to circa 50% of Grade A Mayfair rental levels, with highly lettable average floorplates of 3,000 sq ft Both retail and office rental levels offer significant potential for future growth as a result of the imminent infrastructure improvements Offers are invited in excess of £56,000,000 subject to contract and exclusive of VAT, which reflects a net initial yield of 2.76% (based on purchaser’s costs of 6.78%), rising to over 3.00% in June 2018. THE LOCATION BELGRAVIA BUCKINGHAM PALACE KNIGHTSBRIDGE ST JAMES’S PARK GREEN PARK HYDE PARK ST JAMES’S SQUARE GREEN PARK OLD BOND ST BERKELEY SQUARE 08 09 GROSVENOR SQUARE NEW BOND ST BROOK ST SOUTH MOLTON ST BOND HANOVER SQUARE STREET BOND STREET OXFORD EASTERN CIRCUS TICKET HALL THE LOCATION South Molton Street is situated in Mayfair’s office market has Mayfair, W1, London’s most prestigious traditionally been home to financial address. and corporate companies, attracting major occupiers such as Blackstone Due to the area’s elegant surroundings Group, Lloyds Private Banking, TPG and rich history the location is Europe and Lazard. characterised by luxury retailing, exclusive restaurants, renowned Occupiers are attracted by the hotels and high profile art galleries. location’s amenities and appealing All of this has contributed to the working environment created by the prominence of Mayfair and cemented area’s open green spaces that includes its reputation as to where the world’s the Royal Parks of Hyde Park and elite live, work and play. Green Park. Internationally Mayfair is renowned The opulence of Mayfair has attracted 10 for its offering of luxury labels world renowned restaurants, hotels 11 including Chanel, Prada, Celine and and private members clubs. Notable Hermes. South Molton Street is an occupiers include Claridge’s (opposite), established retail pitch attracting The Dorchester, The May Fair, Sexy luxury retailers such as Maje, Monica Fish, Scott’s, Roka, The Arts Club and Vinader, Annoushka, Browns, Sandro Annabel’s. and The Kooples. WIMPOLE ST WELBECK ST LITTLE PORTLAND ST MANCHESTER SQUARE CAVENDISH SQUARE MARGARET ST THE SITUATION PORTMAN OXFORD SQUARE WIGMORE ST CIRCUS JAMES ST JOHN LEWIS REGENT ST The property is situated on the north RESTAURANTS SELFRIDGES OXFORD ST side of South Molton Street, at its BOND STREET junction with Brook Street, and benefits 01. Roka EASTERN TICKET HALL from both these premier Mayfair, 02. Nobu W1 addresses. MARBLE SOUTH MOLTON ST HANOVER 03. Hakkasan BOND SQUARE ARCH OXFORD ST STREET 04. Scott’s LIBERTY Pedestrianised South Molton Street BALDERTON ST HANOVER ST 04 09 runs between Oxford Street and Brook 05. Maze 01 Street, adjacent to Bond Street. 06. Sexy Fish THE FENWICK 07. 34 Mayfair REGENT ST The street is an established retail BEAUMONT MADDOX ST location that acts as a strategic link 08. Le Gavroche GREEN ST NORTH AUDLEY ST AVERY ROW between Oxford Street and Bond 09. Pollen Street Social 01 CLARIDGE’S Street. 10. Novikov 05 BROOK ST 01 06 NEW BOND ST The property is a five minute walk from 12 HOTELS & CLUBS 07 SAVILE ROW 13 three of London’s most famous garden squares Berkeley Square, Grosvenor 01. Claridge’s 08 GROSVENOR ST CONDUIT ST Square and Hanover Square. 02. The Connaught GROSVENOR DAVIES ST SQUARE 03. The Dorchester 07 UPPER BROOK ST08 GROSVENOR ST 04. Morton’s 05. Annabel’s PARK ST 02 06. The Arts Club CLIFFORD ST MOUNT ROW 07. The Westbury 04 CORK ST 07 BRUTON ST UPPER GROSVENOR ST ADAM’S ROW 02 08. The May Fair 03 09. The Ritz 04 MOUNT ST PARK LANE 10. Brown’s Hotel 05 BERKELEY SQUARE BURLINGTON ARCADE SOUTH AUDLEY ST OFFICE OCCUPIERS HYDE PARK 06 DOVER ST OLD BOND ST HAY’S MEWS 05 10 01. Condé Nast 09 02. Norges 10 08 03. Lazard BERKELEY02 ST 04. TPG Europe 05. Blackstone Group 06 06. Grosvenor 03 CHARLES ST 07. KPMG 10 THE HILL ST STRATTON ST 08. Cain Hoy DORCHESTER ST JAMES’S ST 09. Bank J. Safra Sarasin 03 PICCADILLY 10. Lloyds Private Banking CURZON ST GREEN PARK 09 WEST HAMPSTEAD 9 MINS FINCHLEY ROAD COMMUNICATIONS 7 MINS CROSSRAIL JUBILEE LINE JUBILEE SWISS COTTAGE 6 MINS Mayfair’s transport communications Bond Street and Oxford Circus provide Crossrail (the Elizabeth line) will open Bond Street station will become are excellent. Bond Street Underground easy access to the mainline stations in London in 2018. a dominant transport hub being station (Central & Jubilee lines) is of Victoria, Paddington, Waterloo served by two Crossrail ticket halls approximately 150 metres from the and Charing Cross, with Victoria and Bond Street Underground station, a 1 at Hanover Square and Davies Street property. Paddington providing express rail minute walk from the property, will (both 150 metres from the property). ST JOHN’S WOOD benefit from Crossrail’s connectivity services to Gatwick and Heathrow 4 MINS Additional nearby stations include airports, respectively. within central London and further The station will also benefit from a Green Park (Victoria, Piccadilly & afield. new ticket hall on Marylebone Lane. Jubilee lines), Oxford Circus (Central, Consequently, South Molton Street Victoria & Bakerloo lines), Marble Arch Bond Street station has undergone is the main pedestrian thoroughfare (Central line) and Piccadilly Circus a £300 million transformation to between the new Davies Street ticket (Bakerloo & Piccadilly lines), all within BAKER STREET facilitate the 225,000 passengers hall and Bond Street. 10 minutes walk of the property. 2 MINS who will use Crossrail daily. CROSSRAIL TOTTENHAM TO TO BOND COURT ROAD FARRINGDON LIVERPOOL STREET CANARY WHARF 13 MINS OXFORD HEATHROW AIRPORT 25 MINS ACTON MAINLINE 10 MINS PADDINGTON 3 MINS STREET 2 MINS 4 MINS 8 MINS STRATFORD 15 MINS CIRCUS 1 MIN 4 MINS TO SHEPHERD’S BUSH NOTTING HILL GATE MARBLE ARCH HOLBORN ST PAUL’S BANK EALING BROADWAY 9 MINS 6 MINS 1 MIN 4 MINS 8 MINS 9 MINS CENTRAL LINE CENTRAL LINE VICTORIA LINE BAKERLOO LINE OXFORD ST Bond Street GREEN PARK Crossrail Eastern SOUTH MOLTON ST 1 MIN Ticket Hall BOND WESTMINSTER 4 MINS STREET WATERLOO 5 MINS BROOK ST SOUTHWARK BOND ST 6 MINS CGI’s OF BOND STREET CROSSRAIL STATION LONDON BRIDGE 8 MINS PRET A MANGER GAP ALDO SHOP CONSULATE THE BODY MAROUSH H&M FOREVER 21 GENERAL KEY NEIGHBOURING INTIMISSIMI OF BRASIL THE DISNEY ESTATE INTERESTS STORE DEBENHAMS SUNGLASSE HUT SUNGLASSE ACCESSORIZE HOUSE OF FRASER FOSSIL CALZEDONIA OXFORD STREET GIFTS COLOUR LONDON JOHN LEWIS RUSSELL & BROMLEY EE SIMIT SARAYI BOOTS TISSOT CORP CHANGE JD SPORTS MONEY BEN’S COOKIES GROUP WAFFLE THE MEISTER OLD MILANO THE SOUTH MOLTON TRIANGLE SITE DWELLINGS OXFORD STREET JUICEBOX NOMINATION 02 CAFE ZEYNAH HMV INTERNATIONAL The Grosvenor Estate acquired 14 VILLAGALLO CURRENCY VODAFONE EXCHANGE ANGUS buildings on the street for £150 million TRESOR RARE STEAK HOUSE SWAROVSKI SUBWAY in 2015 and since then have purchased LAYERS THE WOODSTOCK SPREAD BOOTS EAGLE MASSIMO DUTTI DWELLINGS PULL & BEAR ENTRANCE at least a further 6 buildings. In SWATCH FLOCAFE SPAGHETTI HOUSE conjunction with their existing UNDER ART HOUSE ZARA ALTERATION OFFICE NEXT UNIQLO ownerships they intend to transform STRADIVARIUS CASTLE ISLAND RIVER MOSS MENS WEAR MENS MOSS JAKS THREE MCDONALD’S SIMIT ART GALLERY UNION COFFEE SARAYI the location by revamping the existing WASABI BROWNS YARD STARBUCKS LUSH PRET A MENGERA PRET DWGS public space and adding new shops, JUICETHEJOE & ED’S EASY DINER OROGOLD DWELLINGS BROWNS galleries, hotels and restaurants. T.M. LEWIN ENT YO! SUSHI THOM ENT GERARD DAREL SWEENEY BROWNS MAYFAIR UNDER This should result in significant rental SAKARE TANNING BROWNS OFFICE IL PIZZAIOLO ALTERATION HOBBS growth in the medium to long term. MENSWEAR RASA W1 BERKETEX BRIDE OFFICE ERMENEGILDOZEGNA PAWNBROKERS PRONOVIAS NEW BOND CUBE DWELLINGS DRUNCH POSTCARD STREET VACANT WHISTLES PARAFIN CAFE TEAS WEST ONE SHOPPING CENTRE CLAUDIE SPACE NK APOTHECARY JONSTON DUKE PIERLOT GOLFINO OF ELGIN OF SANTANDER UNDER YORK The 90,000 sq ft retail and office UNDER SOUTH MOLTON STREET OFFICE RONCHINI ART GALLERY CONSTRUCTION ALTERATION PINKO ANNE FONTAINE building (situated above Bond Street ZADIG & OFFICE OFFICE 16 BOND STREET CATIMINI VIGO VOLTAIRE ELEVEN HAIR CROSSRAIL HANINA GALLERY ART GALLERY ENTRANCE Underground station) was acquired by BOUDI VICTORINOX ETON OFFICE STATION FASHION GRAYS ANTIQUE KIRI Norges Investment Management (The MARKET SOUTHMINISTRY MOLTON LANE T.BA 17 THE LOOP OPEN DECEMBER 2018 OF WAXING ASSUNTA MADRE VINE BONDS ENT Norwegian sovereign wealth fund) in RBS BANK VERA VERTICE QUEEN THE KOOPLES WATCHES OF 2015 for £240 million. They are currently VICTORIA UNDER BOND ST RIFLES BIMBALOLA Y PHILIPP PLEIN OFFICE ALTERATION SOCIAL BASLER undertaking a comprehensive internal LORIBLU CLUB BONHAMS LADIES WEAR LUMAS MONICA VINADER refurbishment of the centre.