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22 KING STREET St James’S London SW1 22 KING STREET St James’s London SW1 A rare prime freehold opportunity in the heart of St James’s Investment summary 22 KING STREET St James’s London SW1 » Rare freehold; » Prime St James’s opportunity available with immediate vacant possession; » Impressive Grade II listed office building. 22 King Street comprises a Georgian townhouse with a rear modern extension, developed around 2001, which provides four floors of Grade A office accommodation; » The building provides a total of 10,861 sq ft (NIA) of office accommodation arranged over lower ground, ground and four upper floors, with a small basement storage area; » Of interest to owner occupiers, investors and developers; » Potential to explore various asset management opportunities including the refurbishment of the existing office space and extending the building (subject to planning); » Offers are invited in excess of £18,250,000 which reflects a low capital value of £1,680 per sq ft (NIA). 1 Waterloo Place St James’s Square St James’s Park 22 King Street, St James’s St James’s Palace 2 3 History and Today Today, St James’s sits at the heart of London’s West End, and remains one of its most distinguished locations. History The Crown Estate’s Vision for St James’s The development of St James’s began in the 17th Century The Crown Estate owns around 50 per cent of the buildings when King Charles II granted Henry Jermyn a Freehold in St James’s. As a sign of their long term commitment over what was formerly parkland. Jermyn designed the area to St James’s, the Estate will invest a minimum of £500m with a distinctive grid system of streets with the central in the built environment across a ten year period. This focus on St James’s Square. One of the major streets in investment will: this new grid layout was King Street, which was named in • Enable the delivery of over 500,000 sq ft of newly honour of King Charles II. The area immediately became one developed and refurbished office space thereby enhancing of London’s most prestigious locations due to its proximity St James’s reputation as a successful to St James’s Palace, the main London residence of the and distinct sector of the West End office market. Sovereign from 1698. An example of this is the impressive 260,000 sq ft St James’s Market development; Today • Enhance St James’s position as a stimulating and eclectic Today, St James’s sits at the heart of London’s West End, shopping and dining destination; and remains one of its most distinguished locations. The • Significantly improve the area’s public realm through area provides a unique array of top quality restaurants and the introduction of new crossings, wider footways hotels, including The Wolseley and The Ritz, alongside its and redressing the balance between pedestrians world famous private members’ clubs. To the north and east and vehicles. St James’s is bordered by Mayfair and Soho, to the south and west lie the green spaces of The Royal Parks. www.thecrownestate.co.uk/media/5420/st_james_s_vision.pdf King Street is home to Christie’s, the world famous auction house founded in 1766. The presence of Christie’s has Situation helped to attract a community of internationally respected art galleries to St James’s. The property is situated on the southern side of King Street opposite the junction with Bury Street. King Street connects Although St James’s is renowned for its heritage and history, with St James’s Square to the east and St James’s Street to the area has welcomed the addition of several modern 2 the west. The property provides frontage to King Street and 9 r C o 7 developments to reinforce its reputation as the most u sits above3 a retail parade fronting Crown Passage. r t 8 7 3 desirable office market in the West End. This has helped 3 2 S 1 2 to attract some of the11.9m world’s most prominent businesses 8 T 3 J 1 including BP, Anglo American,A Rio Tinto, Temasek, Permira, 8 0 2 3 1 ME 0 2 GAM and The Carlyle Group. 6 t S o R 2 'S T 8 o 1 E s 9 E e S R 2 1 5 5 40 T a T 1 S n 0 R NG d E B KI Almack House C 5 r E a 1 PH o n 2 T 4 w k to 7 n B 1 LB Y 8 u a 1 i r 4 l 2 d 6 d 3 6 i 5 n A g n s 8 g 1 e 4 5 l 6 2 C 1 o u 3 r t 3 El Sub S 6 2 6 0 1 0 9 6 1 a 4 7 6 2 6 8 6 1 7 0 1 1 C ro 9 w 6 n P 5 7 a s t s o 0 a 9 2 g 0 e 4 5 1 7 1 3 2 52 2 5 2 2 lub 2 C 7 1 P ton ic 4 rl k a P e 4 C 9.1m r 5 lac in g 3 PH e 55 2 3 56 7 1 57 8 L 5 AL 9 7 5 M 0 L 3 L 8 A 6 P 8 2 6 4 62 7 5 1 0m 10m 20m 30m Ban 64 8 7 5 Ordnance Survey © Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:878 6 St James’s ownership ALBEMALE STREET BURLINGTON GARDENS Extremely rare opportunity to acquire a DOVER STREET freehold St James’s building Key The vast majority of commercial property in St James’s is owned freehold by the OLD BOND STREET Long-term ownership/owner occupied Crown Estate and a collection of Ultra High Net Worth investors, who are strategic STREET SACKVILLE long term holders. This sale affords a purchaser with the rare opportunity to own Recently Traded a freehold building in this prestigious West End location. The Crown Estate Freehold SWALLOW STREET SWALLOW 22 King Street Rents psf BERKELEY STREET 63-65 Piccadilly 181 Piccadilly REGENT STREET Private | £52m Fortnum & Mason £2,965 CV psf (2017) (LLH) Owner occupier 11-12 St James’s Square 150 Piccadilly Chinese Estates | £175m The Ritz | Owner occupier £2,112 CV psf (2017) PICCADILLY 7-8 St James’s Square 14 St James’s Square Pansy Ho | £213m The London Library | Owner occupier PICCADILLY £3,425 CV psf (2017) £125 £105 18-22 Haymarket 16 St James’s Square JERMYN STREET Qatari Private | £65m JERMYN STREET East India Club | Owner occupier JERMYN STREET STREETDUKE OF YORK £2,515 CV psf (2015) DUKE STREET ST JAMES’S ST STREET DUKE £116 WHITCOMB STREET WHITCOMB 2-4 King Street 10 St James’s Square F&C Chatham House | Owner occupier BURY STREET BURY £115 REGENT STREET REGENT 28 King Street 6 St James’s Square ST JAMES’S STREET JAMES’S ST ST JAMES’S ST Ponte Gadea | £232m HAYMARKET Ponte Gadea | £262m £2,381 CV psf (2016) £188 £2,151 psf (2014) RYDER STREET ORANGE STREET 23 King Street RYDER STREET ST JAMES’S SQUARE 3 St James’s Square Wheelock Properties | £116m £97 £160 Joint Treasure | £135m £2,573 CV psf (2016) £2,609 CV psf (2017) £110 CHARLES II STREET STREET SUFFOLK 55-58 Pall Mall CHARLES II STREET WHITCOMB 1 St James’s Square PKS Immobilen ST JAMES’S PLACE KING STREET BP | Owner occupier £117 STREET 78 St James’s Street WATERLOO 33 St James’s Square Sofaz | (LLH) £130 PLACE Private ST JAMES’S SQUARE PALL MALL EAST 53-54 Pall Mall £100 PALL MALL 31 St James’s Square Sedra Investments & Wafra Investments PALL MALL Sakria Investments PALL MALL 20 St James’s Square 50 Pall Mall Threadneedle | £120m Zenith Property Developments (2015) 30-35 Pall Mall 22 St James’s Square 48 Pall Mall REM N Motcomb 22 King Street 36-39 Pall Mall 45 Pall Mall Available | £1,680 CV psf (2017) Army & Navy Club | Owner occupier M1 Real Estate ERV £87.00 psf For Sale Offers are invited in excess of £18,250,000 Note: Map is not to scale, 6 for indicative purposes only 7 8 9 G O S W E L C L ITY R R O OA A D D LORDS D A O R King’s Cross Y E St. Pancrass N K C A OAD Maida H EN R T GRE Vale J S AL P U TON THN A D IN BE W F LD R D S O K A D R S R A O T R O A I R N D T G RD REGENT’S PARK S MBIA D OLU Euston H A C U O E N N T E R EET R SSET STR O GO D S A A T D O B R A G D K E O E O R U O S N E W S W V S T E ’ E A N R U N H E T N L H I E A L AR G O T V E RO L J V W I R ROA E T S A Old D S T Y O O R ET A Street RE C U ST D B D OLD OA K E Bethnal R S S S N O K WEAVERS Green O Q R IN AD T U N RO US ER EEN FIELDS E A ST AL GR R G R THN E R E C E ET O B A M Y M ’S E R I C N IA N L S LI G R T S L O R S E O O A E N Warren CORAM’S D T G U E R C Street FIELDS D O E V Euston T G E S REE E T Square T W D S E L A O R R B C E P U I R L Portland T O R E Y A N U Warwick D Street N CLERKENWELL R E Regent’s H V Avenuie O I A D Park L A N L A D REET L L Baker E ST IR A R ESH E Street R CH D H T O SCLA B U TER STREET S W R O Russell K D E Square A O G E R R V Bethnal O A H V Marylebone Y Green T E R A E U Shoreditch B H E High Street E S D V G A O O A R D D NE R L ROA I O NWEL L B RKE F R LE CLE L RY A A A B M R N M R C A I N E C G R D O O A D H N Farringdon A Edgeware R R R Road D O SPITALFIELDS W Barbican Goodge R O Street N A E D W C O R M O B M A Edgeware S Westbourne R D E E Whitechapel I Road R Y Park C M C K I O A Y L WESTWA U L A C R N A S N P A T E R L L N P D A Moorgate E O O C E E N R E T R C S S H E T G E T E C A S A E H T Liverpool T G T E E E R Street R P R S O S O T R O T Chancery A R D O D M Lane E W Royal E T R Oak O A E D D G E W Holborn A MARYLEBONE R LONDON WALL Paddington E R N O R A BO AD D L RO HO E H DG T G RI E I B E H H PS R OL O T BO Y SH S R A BI D N TW E VI S A Tottenham AD E U W R C Ladbroke P Court Road T Grove F H N A E O R R T U S O A R N N E LB G D E LAC O I L S Algate D A P H N B D R ETT H O E I I IG G East A NR H F V T HE C I C D G S H H N O M X E ET A O A E N T R S TR R S S Oxford R K E R I S U O S S GM Circus N O I T W G N I R N E OV C E R V L G R E E P E E O T N M O R R U S St Paul’s A N R O S N B E T ET T Q E R O S STR Algate S S RD O B U S FO T E Bond OX E A R E W T W L D E E Street L E A C E N O R R H T Marble E S R R A D P E W Covent O A S Arch O ID T A C ST E A A U Garden D ET M Y E RE G D ST R R PAUL’S S A XFO O S E P N L T AN L CATHEDRAL O S A R R E H E D E T Bank T S L B E E I PADDINGTON F L R T Latimer B O ST Blackfriars S T K T Road E E LE R R D F M A E G E O N E R R G D I N E E AN N T
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