The Chancery, 116 to 118 Chancery Lane, is located on the western side of Chancery Lane approximately 30 metres to the north of Fleet Street and is within the Strand Conservation Area. The Chancery offers a unique opportunity to deliver a high quality refurbishment to provide 14 contemporary apartments behind an original Grade I I listed façade.

■ CENTRAL LONDON BUILDING WITHIN CLOSE PROXIMITY TO KINGS COLLEGE LONDON, MAUGHAN LIBRARY AND THE LONDON SCHOOL OF ECONOMICS

■ PLANNING PERMISSION FOR 14 PRIVATE APARTMENTS TOTALLING 11,840 SQUARE FEET (1,100 SQUARE METERS) NSA

■ VACANT POSSESSION ACHIEVABLE IN JANUARY 2016

■ FREEHOLD

01 CGI OF THE CHANCERY, CHANCERY LANE FAÇADE

LONDON

London is firmly established as one of the world’s finest cities. The dynamic Capital boasts an enviable reputation as a leading centre of commerce and culture.

Enjoying an insatiable demand from both domestic and international purchasers, London offers the world’s most desirable and iconic residential market. With high capital returns and growth, London’s new schemes consistently outperform expectations and appeal on a truly global scale. With a population of over 8.6 million and with more than 300 languages spoken, London can consider itself truly international.

London is home to some of the world’s finest cultural, recreational and retail attractions together with a thriving business and financial community.

London’s education establishments contribute significantly to the City’s appeal with 43 different universities forming the largest concentration of higher education in Europe.

04 HOUSES OF PARLIAMENT

LONDON EYE ST JAMES’S PARK

WATERLOO

SOUTH BANK

CHARING CROSS

THE SAVOY HOTEL THE WEST END

TEMPLE COVENT GARDEN

MIDDLE TEMPLE GARDENS

STRAND INNER TEMPLE GARDENS

ROYAL COURTS OF JUSTICE

LONDON SCHOOL OF ECONOMICS

FLEET STREET MAUGHAN LIBRARY

LINCOLN’S INN FIELDS THE CITY CHANCERY LANE LEGAL, LEARNING AND CHARACTER

Chancery Lane, along with the surrounding area, is experiencing a significant and exciting transformation.

09 A SHORT WALK FROM COVENT GARDEN

MG_1734

Delight in the very best of London living. Retail and entertainment including the Royal Opera House in Covent Garden, Theatreland where world class productions are created and staged and a gastronomer’s paradise – London’s restaurants are some of the finest in the world.

11 THE RIVER THAMES

The Chancery is within easy walking distance of the City, the River Thames and London’s new Garden Bridge, where construction is due to start in 2016. Providing a link from Temple to the South Bank it will afford views of some of London’s most impressive landmarks including St Paul’s Cathedral, the London Eye and the Oxo Tower.

13 ARTS + CULTURE THEATRES DINING HOTELS EDUCATION ISLINGTON 1 The Royal Opera House 8 Adelphi Theatre CAMDEN14 The Delaunay 21 The Waldorf 25 King’s College London 2 English National Opera 9 Aldwych Theatre 15 J Sheekey 22 One Aldwych 26 King’s College London, 3 Somerset House 10 Lyceum Theatre 16 Rules 23 The Savoy Maughan Library 4 National Portrait Gallery 11 Theatre Royal Drury Lane 17 Simpson’s-in-the-Strand 24 Crowne Plaza London, 27 LSE, London School of THE 5 National Gallery 12 National Theatre 18 The Ivy The City Economics and Political 6 Hayward Gallery 13 The Globe Theatre 19 Oxo Tower Science 7 Tate Modern 20 Gaucho Chancery 28 The Courtauld Institute LOCATION of Art

The Chancery, 116 to 118 Chancery Lane, is located midway between the City and West End and is within a short walk of Covent Garden, the River Thames, the Royal Courts of Justice and Lincoln’s Inn Fields. The Chancery is excellently located for access to London’s theatre CITY OF and entertainment district, fashion and retail parades, hotels and fine COVENT CITY LONDON dining in addition to being within close proximity to many of London’s top universities; King’s College London Maughan Library being visible THE GARDEN FRINGE from the property. WEST END The property fronts onto Chancery Lane, home to London’s infamous STRAND Silver Vaults, which runs between High Holborn to the north and CONSERVATION The Strand to the south. The Chancery has a south-east elevation to AREA Andrews Crosse, an enclosed courtyard which is subject to a planning application for public realm improvement works including new paving, planting and seating areas.

BANKSIDE SOUTH BANK SOUTHWARK 14 CITY OF WESTMINSTER

LAMBETH

COMMUNICATIONS

Communications are excellent with the site having a PTAL rating of 6b. Holborn (Piccadilly and Central Line), Chancery Lane (Central Line) and Temple (Circle and District Line) are all within a short walk. Thameslink services are provided at both Blackfriars and Farringdon, the latter of which will benefit from Crossrail from 2018. King’s Cross St Pancras International and London’s airports are readily accessible via the appropriate rail link services.

0.64 KM 6 MINUTES 0.5 KM 4 MINUTES 0.64 KM

CHANCERY LANE BOND STREET TEMPLE VICTORIA CITY THAMESLINK

3 MINUTES

BANK

0.8 KM 0.96 KM

BLACKFRAIRS FARRINGDON

London’s newest transport hub: From 2018 Farringdon will be the only station where Thameslink, Crossrail and underground services meet. Passengers will have the choice to travel north-south, east-west or around London, providing direct links to three of London’s major airports, Heathrow, Gatwick, and Luton, and to St Pancras International for Eurostar services.

17 THE EXISTING BUILDING

116 to 118 Chancery Lane is located on the western side of Chancery Lane approximately 30 metres to the north of Fleet Street.

The building comprises an 11 metre brick façade fronting Chancery Lane (formally two town houses) which were comprehensively redeveloped post war behind the retained façade to provide offices on the first to fourth floors and a bank (currently occupied by TSB) at part ground and part lower ground floors. The building presently totals 14,854 square foot (1,380 square metres) GIA. The building is entered via a ground floor entrance way from Chancery Lane, which provides access to a central core serving all floors. The floors are split between front and rear, between which sits a staircase.

The property is subject to a number of occupational leases in respect of the consented parts, all of which are outside the Landlord and Tenant Act. Vacant possession is due in January 2016.

18

THE EXISTING PLANNING BUILDING PERMISSION

TENURE The Chancery, 116 to 118 Chancery Lane is located within the City of Westminster, is grade II The property is held freehold under title number LN134412. listed and is within the Strand Conversation Area.

TENANCY Full Planning and Listed Building Consent has been granted The property is subject to a number of tenancy agreements as set out in the table below. (Ref 15/01170/FULL and 15/01171/LBC) for: Vacant procession is due in January 2016 save the ground floor banking unit (which does not Use of part basement, part ground floor level and first to fourth floor levels and the erection of form part of the consented area). a mansard roof extension at fifth floor level to provide 14 residential flats (Class C3). Provision of TENANCY external terraces at rear second, third, fourth floor and fifth floor level. Installation of mechanical plant at fourth and fifth floor level. Lowering of the existing basement vault floor below Andrews LEASE TERM SECURITY UNIT TENANT (YEARS) FROM TO ft2 OF TENURE ANNUAL CURRENT STATUS Crosse by 0.5m and installation of new lightwells and railings at basement and ground floor RETAIL UNIT (TSB) FRIENDS LIFE LTD 999 06.11.2013 05.11.3013 2,079 LL (999YR) £0 – level on the Andrews Crosse elevation. Associated alterations to windows on the front and rear LOWER GROUND STORE VACANT – – – – – – – PART GROUND FLOOR CUBISM LTD 5 60.60.2012 05.06.2017 1,390 OUTSIDE 1954 ACT £35,270 AGREEMENT TO SURRENDER ENTERED INTO elevation and associated internal alterations at 116 to 118 Chancery Lane and removal of part + PART LOWER GROUND VP DUE 24.12.2015 of the external staircase adjacent to 115 Chancery Lane. PART GROUND FLOOR TIM LEBON 5 23.04.2014 22.04.2019 110 OUTSIDE 1954 ACT £2,750 NOTICED SERVED, VP DUE 07.01.2016 FIRST FLOOR FRONT CUBISM LTD 5 06.06.2012 05.06.2017 1,535 OUTSIDE 1954 ACT £44,000 AGREEMENT TO SURRENDER ENTERED INTO VP DUE 24.12.2015 The permission is subject to a S106 agreement, which provides for an Affordable Housing FIRST FLOOR REAR CUBISM LTD 5 06.06.2012 05.06.2017 1,005 OUTSIDE 1954 ACT £ 31,050 AGREEMENT TO SURRENDER ENTERED INTO VP DUE 24.12.2015 Contribution of £460,000. SECOND FLOOR FRONT VACANT – – – 1,284 – – – SECOND FLOOR REAR CUBISM LTD 5 06.06.2012 05.06.2017 1,030 OUTSIDE 1954 ACT £ 27,5 0 0 AGREEMENT TO SURRENDER ENTERED INTO VP DUE 24.12.2015 THIRD FLOOR FRONT CNIM UK LIMITED 5 05.10.2014 04.10.2019 1,262 OUTSIDE 1954 ACT £32,050 NOTICED SERVED, VP DUE 18.01.2016 THIRD FLOOR REAR KPM SOLICITORS LLP 5 30.06.2015 31.12.2015 1,037 OUTSIDE 1954 ACT £25,714 – FOURTH FLOOR FRONT CONCERTO PARTNERS LLP 5 24.04.2012 23.04.2017 1,152 OUTSIDE 1954 ACT £ 32,944 AGREEMENT TO SURRENDER ENTERED INTO VP DUE 31.01.2016 FOUTH FLOOR REAR VACANT – – – 601 – – –

TOTAL ft2 12,485

20 21

THE PROPOSED BUILDING

Designed by award winning architects, Brimelow McSweeney, the scheme will comprise 14 luxury apartments on lower ground, ground and five upper floors with new terracing to many of the apartments and substancial roof terracing to the penthouses. The scheme will include a newly refurbished entrance foyer, accessed from Chancery Lane and will overlook the comprehensively re-landscaped Andrews Crosse.

The unit mix and average apartment size (846 square feet) means that pricing to end purchasers will be at an attractive level.

22 CGI OF ANDREWS CROSSE COURTYARD VIEW FROM THIRD FLOOR LOOKING EAST THE DEVELOPMENT ELEVATIONS

THE CHANCERY THE CHANCERY 116 to 118 Chancery Lane South West

THE CHANCERY THE CHANCERY Andrews Crosse North West

26 27 LOWER GROUND FLOOR GROUND FLOOR

N

n COMMERCIAL UNIT

DUPLEX APARTMENTS 1, 2 + 3 ANDREWS CROSSE n TWO BEDROOMS COURTYARD

28 29 FIRST FLOOR SECOND FLOOR

N N

APARTMENTS 4, 5 + 6 APARTMENTS 7, 8 + 9 n TWO BEDROOMS n THREE BEDROOMS n ONE BEDROOM n TWO BEDROOMS n THREE BEDROOMS

30 31 THIRD FLOOR

N

APARTMENTS 10, 11 + 12 APARTMENT 11 TERRACE n ONE BEDROOM n TWO BEDROOMS n THREE BEDROOMS

32 33 FOURTH FLOOR

N

APARTMENTS 13 + 14 APARTMENT 13 ROOF TERRACE LOOKING EAST n THREE BEDROOMS

34 35 FIFTH FLOOR

N

APARTMENTS 13 + 14 n THREE BEDROOMS

36 CGI OF APARTMENT 13 ROOF TERRACE LOOKING EAST

APARTMENT 14 ROOF TERRACE SCHEDULE OF ACCOMMODATION

APARTMENTS

APARTMENT FLOOR TYPE m 2 ft2 EXTERNAL TERRACE m 2 ft2 ASPECT ORIENTATION

1 LOWER GROUND + GROUND TWO BEDROOM 77 829 LIGHTWELL LOWER GROUND 2 LOWER GROUND + GROUND TWO BEDROOM 77 829 LIGHTWELL LOWER GROUND 3 LOWER GROUND + GROUND TWO BEDROOM 74 797 TERRACE 6 65 LIGHTWELL/WINDOW LOWER GROUND 4 FIRST THREE BEDROOM 92 990 LIGHTWELL/WINDOWS COURTYARD 5 FIRST TWO BEDROOM 77 829 WINDOWS WEST OF BUILDING 6 FIRST TWO BEDROOM 67 721 WINDOWS CHANCERY LANE 7 SECOND THREE BEDROOM 94 1,012 TERRACE 14 151 LIGHTWELL/WINDOWS COURTYARD 8 SECOND ONE BEDROOM 45 484 TERRACE 10 108 WINDOWS WEST OF BUILDING 9 SECOND TWO BEDROOM 67 721 WINDOWS CHANCERY LANE 10 THIRD THREE BEDROOM 96 1,033 TERRACE 3 32 LIGHTWELL/WINDOWS COURTYARD 11 THIRD ONE BEDROOM 39 420 TERRACE 2 22 WINDOWS WEST OF BUILDING 12 THIRD TWO BEDROOM 67 721 WINDOWS CHANCERY LANE 13 FOUTH THREE BEDROOM 101 1,087 ROOF TERRACE 57 614 WINDOWS PANORAMIC 14 FOURTH + FIFTH THREE BEDROOM 127 1,367 ROOF TERRACE 20 215 WINDOWS PANORAMIC

TOTAL 14 APARTMENTS 1,100 11,840 112 1,207

N APARTMENT SUMMARY

AVERAGE SIZE TOTAL AREA APARTMENT TYPE NUMBER OF APARTMENTS m 2 ft2 m 2 ft2

ONE BEDROOM APARTMENTS 2 42 452 84 904 TWO BEDROOM DUPLEX APARTMENTS 3 76 818 228 2,455 TWO BEDROOM APARTMENTS 4 70 748 278 2,992 APARTMENT 14 THREE BEDROOM APARTMENT 3 94 1,012 282 3,035 THREE BEDROOM PENTHOUSE 2 114 1,227 228 2,454

n THREE BEDROOMS TOTAL 14 79 846 1,100 11,840

38 39 CGIVIEW OF APARTMENT FROM 14THIRD ROOF FLOORTERRACE LOOKINGLOOKING WEST EAST THE RESIDENTIAL COMPARABLE MARKET SITE SALES

Following a positive election result, market sentiment has picked up and both owner occupiers PARKER TOWER, PARKER STREET, LONDON WC2

and investors have a renewed appetite for Central London property. The West End/City Fringe SALE DATE PROPOSED PRIVATE RESIDENTIAL NIA (ft2 ) SALE PRICE SALE PRICE (£psf NIA) COMMENTS market continues to outperform more traditional core residential markets, primarily due to the JUNE 2015 42,378 (PRIVATE RESIDENTIAL) £57,000,000 £1,245 Planning permission for conversion of office space + and two floor extension to create 40 private and quality of new build units delivered relative to more historic stock. 10,926 (AFFORDABLE RESIDENTIAL) 10 affordable apartments. Sale price includes 3,391 ft2 + 3,391( OFFICE) of office accommodation. Values around Chancery Lane are perceived to offer good value relative to more established West End locations and the success of recent schemes in the locality has underlined the 31-33 BEDFORD STREET, LONDON WC2 attractiveness of the area in terms of convenience and lifestyle benefits. Headline pricing of SALE DATE PROPOSED PRIVATE RESIDENTIAL NIA (ft2 ) SALE PRICE SALE PRICE (£psf NIA) COMMENTS comparable schemes is in the order of £1,800 to £2,000 psf with a number of examples of JANUARY 2015 16,877 (PRIVATE RESIDENTIAL) £30,000,000 £1,627 Planning permission for conversion of office space to upper floor units exceeding £2,250 psf. + 12 apartments. Sale price includes ground floor retail. 1,564 (RETAIL)

Looking ahead, we envisage continued demand from owner occupiers and overseas buyers. The easy walk to Covent Garden, proximity to universities and improving public realm works, 26-27 SOUTHAMPTON STREET, LONDON WC2

in particular the new Garden Bridge are likely to result in values moving ahead strongly when SALE DATE PROPOSED PRIVATE RESIDENTIAL NIA (ft2 ) SALE PRICE SALE PRICE (£psf NIA) COMMENTS compared to other central London sub-markets. JUNE 2014 12,260 (PRIVATE RESIDENTIAL) £18,500,000 £1,447 Planning permission for conversion of office space to + 10 apartments. Sale price includes ground floor retail. 527 (RETAIL)

406-408 STRAND, LONDON WC2

SALE DATE PROPOSED PRIVATE RESIDENTIAL NIA (ft2 ) SALE PRICE SALE PRICE (£psf NIA) COMMENTS

Planning permission for conversion of office space to DECEMBER 2013 11,593 £11,625,000 £1,003 13 apartments.

42 43 THE LEGAL INFORMATION

EPC DATA ROOM Available upon request. Data room access details are available upon request. VAT The property is elected for VAT and PROPOSAL VAT will be payable on the purchase price. Unconditional offers are invited for the freehold interest.

CO NTACT For further information or to arrange 116chancerylane.com a viewing, please contact:

MATT SHARMAN WILL GRANT [email protected] [email protected] craven-property.com T +44 207 747 0110 T +44 207 087 5563

AARON MOLES OLIVER LEEDHAM [email protected] [email protected] T +44 207 747 0111 T +44 207 087 5562

Jones Lang LaSalle Limited (JLL) and Levy Real Estate LLP for themselves and for the vendors of this property whose agents they are, give notice that: A These details are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; B All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; C No person in the employment of JLL or Levy Real Estate LLP has any authority to make or give any representation or warranty whatever in relation to the property; D The photographs and videos show only certain parts of the property as they appeared at the time they were taken, and cannot be relied upon; E Unless otherwise stated, all prices are quoted exclusive of VAT, if applicable; F Reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function; G Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent

has been obtained. October 2015. | GROUP © 2015 AND PRODUCEDDESIGNED BY CRAVEN

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