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The Chancery 16 11 15 L 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.
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