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02. THE OPPORTUNITY — Central London freehold property situated between Chancery Lane and New Fetter Lane — Existing B1a office building providing 4,838 sq ft (449.5 sq m) GIA over lower ground, ground and three upper floors — Full planning consent for the provision of eight residential apartments (C3) comprising 8,533 sq ft (792.7 sq m) GIA and 6,696 sq ft (622.1 sq m) NSA over lower ground, ground and five upper floors — Potential to revise the planning consent to provide nine private apartments, subject to obtaining the necessary consents — Vacant possession — Offers are sought in excess of £5,000,000 subject to contract and exclusive of VAT BREAM’S C4 BUILDINGS E Computer Generated Image for the 2016 consented scheme (REF:15/00971/FULL) London Westminster Temple Charing London Covent Leicester Soho Tottenham Holborn Chancery The British 04. Eye Cross School of Garden Square Court Road Lane Museum Economics Hyde Park Green Park St James’s Park Lincoln’s Inn Fields BREAM’S C4 BUILDINGS E K IN G EUSTON ’S ST PANCRAS C RO SS RO AD LOCATION G 06. R A Y ’S IN N CLERKENWELL R EUSTON O A SUARE D GREAT PORTLAND STREET T D S RUSSELL OL SUARE FITZROVIA S O U T HA M D OA P S R T LD O BA MARYLEBONE N EO 22 H R T O W P FARRINGDON BARBICAN O TO R T T T L E A N N HA 9 D M P BBC ET L E C TR O S U ER R IM T RT R The property is located within the City There are a number of well known O O M A D RN HOLBO 19 of London on Bream’s Buildings, which restaurants in the area including REMO, CHANCERY LANE C H HOLBORN A N C C AN CIT OF E NO runs to the east of Chancery Lane Clifford’s, STK and ROKA and Soho R N Y ST LONDON L A 1 N E ET D STRE through to New Fetter Lane. House are opening a new club at 180 OXFOR 5 MINS 10 MINS 3 15 MINS S TOTTENAM T R COURT ROAD A N D U N The Strand. Covent Garden provides C D H 18 E A OXFORD R R P I A 6 Bream’s Buildings is situated on the CIRCUS N S G S ST PAUL’S a wider array of retail, restaurant and C R E 2 T ST O V EE A FL S Y 7 S R south side of the street close to the R 21 16 23 BU O S E leisure uses and Somerset House hosts A T 20 D F HA S R E SOHO GE 8 border of EC4 and WC2 benefitting from 15 A R N COVENT U TEMPLE T a regular programme of visiting artists N GARDEN S D T 27 R E E L E 17 S close proximity to both the City and T T R 24 E and festivals. A number of London’s E 5 T West End and is a short walk from Covent 13 TEMPLE B L top universities are located close A C K PICCADILLY F MAYFAIR R Garden. WC2 is the heart of London’s CIRCUS I D A 4 N R A S R by including The London School of T S E B S THAM 25 ER R W IV R I A D theatreland and is also home to the legal T G E R E L Economics, The University of the Arts 12 O O LLY B DI R A I profession (the Royal Courts of Justice C D C PI G and King’s College. 14 E 10 CHARING and the Temple are situated close by). CROSS EMBANKMENT 11 SOUTHWARK G OL GREEN PARK 26 DE N J UB ILE E B RI 6 DG ES LL MA E HORSE GUARDS TH PARADE GREEN PARK SOUTHWARK LONDON 1. LINCOLN’S INN FIELDS 2. ROYAL COURTS OF JUSTICE 3. LONDON STOCK EXCHANGE 4. PICCADILLY CULTURE 5 SOMERSET HOUSE 6 SOUTHBANK CENTRE 7 ST PAUL’S CATHEDRAL 8 ROYAL OPERA HOUSE 9 THE BRITISH MUSEUM 10 TATE MODERN 11 NATIONAL THEATRE 12 THE NATIONAL GALLERY SHOPPING 13 COVENT GARDEN 14 FORTNUM & MASON 15 CARNABY ST 16 LIBERTY EDUCATION 17 KING’S COLLEGE LONDON 18 LONDON SCHOOL OF ECONOMICS 19 UNIVERSITY OF THE ARTS LONDON RESTAURANTS 20 BALTHAZAR 21 THE DELAUNAY 22 ST JOHN 23 HAWKSMOOR HOTELS 24 NO 1 ALDWYCH BREAM’S 25 SAVOY C4 26 THE RITZ BUILDINGS E 27 CLARIDGE’S 08. 09. COMMUNICATIONS Transport links to the property are There are numerous bus routes in the excellent with Chancery Lane (Central locality servicing both the immediate and Line), Holborn (Central & Piccadilly Lines) wider area. and Temple (Circle & District Lines) stations all within a short walk. Thameslink services also run from both Blackfriars and Farringdon, the latter of which will benefit from Crossrail, with direct services to Paddington (8 mins) and Heathrow (31 mins). Chancery Lane Holborn Tottenham Court Road By Foot Via London Underground Via London Underground 05 mins 06mins 14 mins Bank Blackfriars Liverpool Street Via London Underground Via London Underground Via London Underground 13 mins 11 mins 11 mins Paddington Canary Wharf Heathrow Via Tottenham Court Road Via Tottenham Court Road Via Tottenham Court Road Crossrail Station Crossrail Station Crossrail Station 19mins 26mins 42mins BREAM’S All travel times are from 6 Bream’s Buildings and are approximate. C4 BUILDINGS E Sources: Google maps and crossrail.co.uk. Elizabeth Line journey times valid from 2021. 10. EXISTING BUILDING 11. PLANNING PERMISSION The property comprises an attractive 19th The existing building benefits from good The building is located in the The original permission has since The consent is not subject to century brick and limestone building on fenestration to the front in addition to City of London, is not listed and been varied by way of a section a S106 agreement and Mayoral lower ground, ground and three upper generous floor to ceiling heights. There lies within the Chancery Lane 73 notice (18/01376/FULL) on and Borough CIL is estimated floors. The existing building is accessed via a are lightwells to the front and rear of the Conservation Area. The existing 14/03/2019 for: at £62,755 of which there is main entrance from Bream’s Buildings with building providing natural light to the use is as offices (B1a). Planning approximately £20,000 that Part demolition and extension of secondary access at the rear of the building. lower ground floor. The existing property consent was originally granted remains to be paid. Interested the existing building, associated with comprises 4,838 sq ft (449.5 sq m) GIA on 10/03/2016 (Ref: 15/00971/ parties should rely on their own change of use from Class B1 to Class (excl. vaults) of B1a office accommodation. FULL) for: enquires in this regard. C3, including; part demolition of Part demolition and extension of the ground floor and the rear closet Akin to the original permission, Existing Area Schedule the existing building, associated with wing, demolition of the rear facade, the S73 variation seeks to maintain change of use from Class B1 to Class excavation of existing lower ground the existing façade through to C3, including; demolition of the slab, extensions to ground, first, second 3rd floor level. The S73 variation FLOOR SQ FT GIA SQ M GIA ground, first, second and third floors, and third floors, new fourth and fifth further provides for the existing excavation of existing lower ground floors with a roof terrace above, for stairwell to be maintained (thereby 3 967 89.8 slab, extensions to ground, first, second the creation of 8 residential units mitigating build costs), the location 2 1,033 96.0 and third floors, new fourth and fifth alterations to the existing entrance, of the existing entranceway has floors with a roof terrace above, for the cycle parking, ground floor waste store, been maintained and floor levels 1 1,020 94.8 creation of 9 residential units with the plant areas, terraces/Juliet balconies have been rationalised (thereby G 1,070 99.4 creation of a new residential entrance, to the rear and other associated works. avoiding an internal step). LG 748 69.5 cycle parking, ground floor waste store, plant areas, terraces/Juliet balconies There is a further opportunity to revise the consent to provide TOTAL 4,838 449.5 to the rear and other associated works. nine private residential units (GIA’s excluding vaults) through subdividing one of the existing 2-bed units to provide two 1-bed units , subject to obtaining Proposed Area Schedule the necessary consents. GIA NSA APARTMENT FLOOR PROVISION SQ M SQ FT SQ M SQ FT Unit 1 LG Two bed 4-person 127.9 1,377 87.6 943 Unit 2 G Two bed 4-person 114.0 1,227 78.8 848 Unit 3 1 Two bed 4-person 113.7 1,224 96.4 1,038 Unit 4 2 Two bed 4-person 113.6 1,223 96.5 1,039 Unit 5 3 One bed 1-person 40.0 431 116.5 1,254 Unit 6 3 One bed 2-person 49.0 527 Unit 7 4 Two bed 4-person 109.5 1,179 91.8 988 Unit 8 5 Two bed 4-person 97.5 1,049 82.0 883 TOTAL 792.7 8,533 622.1 6,696 (GIA’s excluding vaults) 12. PROPOSED LOWER GROUND 13.