Cheshire Street London E2 6He

CHESHIRE STREET LONDON E2 6HE

Exceptional freehold regeneration opportunity, suitable for a wide variety of uses, in the heart of thriving Shoreditch 110 — 116 CHESHIRE STREET ☞ 3 110 — 116 CHESHIRE STREET ☞ 5

The Aldgate City Core Spitalfields Liverpool Broadgate Shoreditch Old INVESTMENT Shard Market Street Estate Street SUMMARY —

☞ Freehold. ☞ Located in Shoreditch one of London’s most exciting neighbourhoods.

☞ The property occupies a prime corner position on the junction of vibrant Cheshire Street and Hare Marsh.

☞ Cheshire Street benefits from excellent connectivity being a short walk from Shoreditch High Street Station, Liverpool Street Station (Crossrail) and Bethnal Green Overground and Underground Stations.

☞ The property is an impressive Victorian Warehouse building with highly sought Shoreditch after period features. High Street

☞ 28,143 sq ft (2,614.5 sq m) of warehouse/ retail and residential accommodation arranged over ground, first and second floors with the benefit of two car parking spaces.

☞ Unique redevelopment opportunity with significant potential to increase the NIA.

☞ Potential for a variety of uses in one of London's most diverse districts.

☞ The total passing rent is £413,100 per annum.

☞ Vacant possession can be secured imminently allowing for repositioning and redevelopment.

☞ Offers are invited in excess of £18,250,000 subject to contract and exclusive of VAT.

☞ A sale at this level reflects a low capital value of £648 psf. Bethnal Green ↙ S

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110 — 116 CHESHIRE STREET E ☞ 7

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A E T E L R S P N E T A D R R R I E E T 2 G N OLD STREET N E R G L S 16 A D E C O N 3

T O T H E 4 A N G T Shoreditch is one of

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A O 23 T A D N CentralMP London’s most E O A D C 10 E 7 15 S S 18 6 U T T T E E R E 14 N exciting sub-markets R R 18 10

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L W O L It is characterised by its attractive warehouse style buildings green E 1

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C 5 boundary of the City of London and a short distance from Old

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Street roundabout Shoreditch has, over recent years, become O

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S A I A V I T A I G N R 8 A N L L L E The sub-market has become synonymous with the rapidly G L D N E O S

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E T F R A O R R expanding Tech, FinTech and Design industries. Prominent O N N E N S 6

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O C D G T A D R tenants who have chosen Shoreditch for their UK headquarters T 3 E O A R O R S T ’ R

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D are Amazon, Buckley Gray Yeoman, Magora and Real Links. N B N A O S BARBICAN A E T D T

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after amenities ranging from the gourmet food markets B T R G 13 WHITECHAPEL A H R C 14

of BOXPARK,D Dinerama and The Old Truman Brewery, to O L 9 I E O 11 F

H M internationallyI T renowned restaurants including Nobu, 15 M S

T S CHANCERY LANE E Dishoom and The Tramshed, as well as the exclusive W MOORGATE

members club, Shoreditch House. LIVERPOOL 13

F L O N D E A O N W A L L STREET T R A R G H O The locality is set to be further enhanced by the I L S N B O R L O P G N N redevelopment of The Goodsyard, a major mixed use D O O D N V I W H A A S O D L L U I N developmentC providing over 500 homes, trendy office T B

S N T space andE a state of the art amenity offering including cafés, W R G A E T Not to scale. restaurants,E gardens, terraces and restored railway arches. E S B T E T R V Indicative only. E I E S T

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S 1 The Tea Building 12 Biscuit Building 1 Red Bull Gaming 13 Bacardi Martini 1 BOXPARK 14 The Book Club 1 Shoreditch House

OCCUPIERS 2 Arnold Building 13 The Hickman 2 Google 14 Currency Cloud M 2 Dinerama 15 BrewDog 2 The Hoxton C

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N 3 The Pill Box 14 The While Collar 3 Adobe 15 Ashurst 3 Brick Lane 16 Motown Coffee & Deserts 3 The Curtain U

H B 4 The Stage Factory 4 Capco 16 UBS R 4 Dishoom 17 The Rib Man 4 Nobu Hotel

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5 The Bard 15 The Shoreditch EstateC 5 Amazon 17 NBC 5 Pizza East 18 The Big Chill 5 CitizenM London S C — A

6 Old Truman Brewery 16 The Bower R 6 Microsoft 18 Colt Technology 6 Pachamama 19 Rosebery Tea Hut 6 Redchurch Townhouse

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R 7 East Anglia House 17 Epworth House 7 Fora 19 Wework 7 The Bike Shed 20 Cereal Killers Café 7 The Boundary Hotel I

A T H A M E S S T P P E R R E E T R U 8 The Frames 18 Rich Mix 8 Interxion 20 Imanage Motorcycle Club 21 Breid Bakers 8 Shoreditch Inn

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K M 9 The Steward Building 19 The Shoreditch 9 Canvas 21 Real Links 8 Smokestak 22 Wild Chef 9 Courthouse Hotel

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R I A O R 10 1–10 Bishops Square Exchange 10 Transferwise 22 NRG Consulting 9 Dirty Bones 23 Jerk’s 10 Jo & Joe C T I

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G 11 The Post Office 20 The Goodsyard 11 Blockchain Works 23 Crafted 10 Lahpet 24 Pedley Street Station

L O 12 Crabtree & Evelyn 11 Tramshed 25 The Mechanic Brewery

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A M 12 The Carpenters Arms & Taproom

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H G U O R O B 110 — 116 CHESHIRE STREET ☞ 9

SITUATION CONNECTIVITY — —

Situated in a vibrant pocket Cheshire Street is one of the main thoroughfares 110 – 116 Cheshire Street benefits from being in proximity to a number of key rail of Shoreditch the property connecting Brick Lane to the west and Bethnal and underground stations. Green to the east. Brick Lane is home to The occupies a prominent Old Truman Brewery the epicentre for London’s position on the south side aspiring artists and designers, as well as the city's

ever growing street food scene. Bethnal Green to S H of Cheshire Street at its E P

the east is a popular residential district. E

R junction with Hare Marsh. D E

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R L I C I O L C GREEN A D L L L R O A W E D E R K E N C C L R O G B O M R R F I W M A T A T E 13 MINS Y O E R R ’ N T S R C S A I A V I I T G A N R A N L L E L G L N E D O S D T L E F T R A O R R

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O L D E O F I H M I T WHITECHAPEL S M T CHANCERY LANE E S W LIVERPOOL F L O N D E A O N W A L L T R A R H STREETG O I L S N B O R L O P G N N D O O D N V I W H A A S O D L U L I N C T B

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A H A M E S P P E R T S T R E E T R U Metropolitan T S K M E N A N B E M B I A R O R C T I Northern

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T R E E E W R T O S T H G I H H G U O R O B 110 — 116 CHESHIRE STREET

DESCRIPTION —

Built in 1860, 110–116 Cheshire Street is an The warehouse/retail accommodation occupies impressive Victorian Warehouse building that the ground floor and have a GIA of 12,054 sq ft was originally used as a store house for the (1,119.9 sq m). They benefit from a prominent development of the Eastern Counties Railway dual frontage onto the busy Cheshire Street and and was later used as a stable. Hare Marsh and exceptional floor to ceiling heights. Occupying a prime corner position this The nine residential apartments are on the first and architecturally striking red brick building, with second floors and arranged around a landscaped attractive and highly sought after period courtyard. The south facing apartments benefit features, comprises 28,143 sq ft (2,614.5 sq m) of from large patios with views of the City. All warehouse/retail and residential accommodation apartments are accessed from a self contained and benefits from two designated car parking entrance off Cheshire Street. The total residential spaces. NSA is 16,089 sq ft (1,494.7 sq m).

110 — 116 CHESHIRE STREET ☞ 15

FLOOR PLANS —

GROUND FLOOR 1ST FLOOR 2ND FLOOR

CHESHIRE STREET CHESHIRE STREET CHESHIRE STREET

S/C S/C S/C Ramp HARE MARSH HARE MARSH HARE MARSH

S/C S/C S/C Ramp

Communal terrace External terrace Excluded from the title at ground floor Not to scale. Indicative only. 110 — 116 CHESHIRE STREET ☞ 17

TENANCIES & TENURE ACCOMMODATION —

— The property is held freehold under title number EGL376947.

RESIDENTIAL TENANCies & ACCOMMODATION Note that the part shaded blue on the title plan for 110-116 Cheshire Street is excluded from that title at ground floor level only, thus creating a flying freehold. FLAT BEDS SIZE (NSA) TERRACE LEASE LEASE RENT SQ FT SQ M START EXPIRY P/A P/ W

9 3 1,304 121.2 Yes 14/11/2020 13/11/2021 £30,000 £577

8 3 1,472 136.7 No 27/09/2019 26/09/2020* £27,600 £531

7 4 2,169 201.5 Yes 04/04/2021 03/04/2022 £37,200 £715

6 2 2,257 209.7 Yes 23/10/2020 22/10/2021 £37,200 £715

5 3 1,984 184.4 Yes 15/06/2019 14/06/2020* £36,000 £692

4 3 1,731 160.8 Yes 09/03/2021 08/03/2022 £37,200 £715

3 3 1,724 160.1 Yes 04/07/2019 03/07/2020* £36,600 £704

2 3 1,723 160.0 Yes 01/10/2019 30/09/2020* £37,200 £715

1 2 1,725 160.2 Yes 25/01/2021 24/01/2022 £36,600 £704

TOTAL 16,089 1,494.7 £315,600

* Holding over

Commercial TENANCIES & Accommodation

ADDRESS USE TENANT SIZE (GIA) LEASE LEASE BREAK RENT START EXPIRY OPTION P/A SQ FT SQ M (PSF)

110 - 112 Mutual break Beyond Retro £80,000 Cheshire E 5,823 541.0 30/07/2020 31/07/2028 on 6 months Ltd** (£13.74) Street notice

114 - 116 Mutual break Mr Riyad El £17,500 Cheshire E 6,231 578.9 16/10/2020 15/10/2022 on 6 months Hassani** (£2.81) Street notice

TOTAL 12,054 1,119.9 £97,500

ADDRESS USE TENANT SIZE (GIA) LEASE LEASE BREAK RENT START EXPIRY OPTION P/A SQ FT SQ M (PSF)

OVERALL TOTAL 28,143 2,614.6 £413,100 Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map ** Commercial leases outside the 1954 L&T Act with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved. 110 — 116 CHESHIRE STREET

REGENERATION – MASSING OPPORTUNITY —

110-116 Cheshire Street offers substantial potential for redevelopment upon vacant possession, subject to the necessary consents.

☞ Site presents opportunity to significantly ☞ Potential to create flexible and attractive increase massing of the existing building floor plates. or ground up development, subject to planning. ☞ Exciting sub-market with significant investment & development projects within ☞ Potential for a wide variety of uses the locality. including student accommodation, hotel, residential or office subject to planning. ☞ Significant tenant demand for character buildings. ☞ Pricing underpinned by break-up value. FURTHER PROPOSAL INFORMATION — —

PLANNING Seeking offers in excess of £18,250,000, 110–116 Cheshire Street is situated in the subject to contract and exclusive of VAT Borough of Tower Hamlets. The property is for the freehold asset. not listed and lies within the Brick Lane and Fournier Street Conservation Area. A purchase at this level reflects a low capital value of £648 per sq ft. EPC A copy of the Energy Performance Certificate is available in the data room.

VAT DATA ROOM The property is not VAT elected. Data room access is available upon request.

CONTACTS —

Shaun Simons Simon Hall 07788 423 131 020 3130 6403 [email protected] 07715 323553 [email protected]

Kyle Joss Simon Beckett 07712 241 851 020 3130 6408 [email protected] 07703 234 276 [email protected]

Julian Meir Neil Proctor 07956 949 604 020 3130 6406 [email protected] 07711 468 893 [email protected]

Compton and Hanover Green give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Compton nor Hanover Green has any authority to make any representation or warranty whatsoever in relation to this property. June 2021. www.cube-design.co.uk (Q4656)