PRIVATE CLIENT

8 HEATHGATE PLACE NW3 2NU

MODERN OFFICE BUILDING OFFERED WITH VACANT POSSESSION INVESTMENT CONSIDERATIONS ■■ A rare office building built in an ‘art deco’ style within a private commercial development ■■ Opportunity to create a unique HQ, ideal for a local operator or family office ■■ Offered with full vacant possession ■■ 4 car parking spaces assigned to the property ■■ 3,875 sq ft (360 sq m) of open plan office space with excellent floor ■■ Virtual freehold. Let for a term of 999 years from 14th January 1994 at a peppercorn rent to ceiling heights and skylights ■■ Offers in the region of £3,000,000 (Three Million Pounds) (excl VAT) ■■ Potential to add a second floor and create a basement (STP) which equates to a capital value of £774 per sq ft F

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T R to HL A E rle U H C a E C K C N Y GA N O E R KN O C G A E TE D LL ROA K LOCATION R G E A ane A R E D l L D G D O N 4 N na R IN D Da 1 S g R C D A A R ro FR O ROA D lm O F W O O SS FLEET U LD e A O L RO R E R Hampstead is an affluentn residential suburb D LO YN A T y G R D R ANSFI S e Av H O S Fordwych N U I M e A TH LL A E ov n Royal Free Hospital T within the Borough of Camden, long favoured by W L D ue e d R n Gr s oa o t ad O t e be o st R h n R r F re t academics,ig artists La and media figures. The area is R Roa h dhu e p rig Lyn L o o rkw dr a d RD A ill d ELD F famous for Hits scenery, with the greenery, hilltops LLFI I HI T

Z JOHN’S AVENUE d and ponds of Hampstead Heath never too far away. W oa ane n R L E ur ll SU b Mi S er T dd M E We Kentish Town AT N Leighton Road Road & BOROUGH OF There is a wealth of choice whend looking for a

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E Road ve R oad n k f KE SD Sherif Prince of Wales R Bartholom e UNDERGROUND Mar EN E ew Road d L NU m AN E ns a E AV rde Steele’s C Belsize Park 0.4 miles Ga Road Castle Road C CH Compayn e ue n a UR n Aven to nt H Eto E e E lo AD R Hampsteadw 1.0 mile C oc ISTC O d es a he R ns M R CHR ISH de RA e st u oa Ro r R nu er P D Canfield Ga s s Ave rray Finchley Roadd 1.3 miles y w E n AD llo l r de TE Fe ac O S AVEN o T e tr AD AN ri Gar R e C t S P e O L of t cr n UR AD YNE R D e RO re FAX IDE D N G ADELA rove E LDH ar G T Ag S O FAIR ROAD OVERGROUND K E S G Y’ TO IN S W KING HEN R EN P

D ri RBAY R G R A d m Hampstead Heath 0.4 miles S G nry’s Roa E g He r G A in BERDA R K o Camden s K A O I South Hampstead e LBU TE RO A Hi Market Gospel Oak 0.4 miles D CE RN A ll RR R GOLDH TE ad o H UR ST a A be o LANE I Ab y R Camden Road Finchley Road & Frognal 1.3 miles DEN G D d LES R thy WIL H o or Y a D R d lsw O A E OA d R

O Roa K R D n C ow W A h t C N a es D AD Jam A l a A O U c O 5 R o Y R ZE t Ro Camden Town m BUS ROUTES I O ARK D S 41 Y P R L Ov l L A e R L E D a ROY IO A B d R A y P NG LE AD v a G S D e O OU l R 168, C11, N5, 24 and 46 R A t L n Primrose Hill r S Y e A R ue o L P OA C LUSBURY ROAD DA R a A e t o R d N UN R a e OLLE O d g C KILBURN B ROAD Y E en y CA LD E t ’s a R FIE Park R A HL o M a rkw G S G GROV d a C IN D C P E R S A W SP L ’ EN STRE IL N N M S H E T A H Kilburn High Road FI D E R Y an ABBEY ROAD TON U EN EET dys d IF Q AD ide a RO Stree o CL RT H t R LBE I E ria D E A G T to A E C t H ic O T IN e V R C O PR tre ST Y A y S UR D L W Delance R SB A ST JOHN’S WOOD NS E E RO E P l E D T L H a T N L E n O N a R ARVIS VI C B H E D t’s RO n Kilburn Park GR ge E A Re AC D l R il ER PA CE St John’s Wood T N LA D AD C P O O RA Queens Park Carlton H H O R Mornington Crescent S UG W N R O ’S E O R N S A H LIT D LBO JO AL AD H R T RO AMILTON A S VIST S ROAD M M

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er Place SITUATION ACCOMMDATION The property is located towards the rear of Heathgate Place, a private commercial development set back from Agincourt Road, benefiting from designated car parking. The building is arranged over ground and first floor totalling 3,875 sq ft (360 sq m).

ASSET MANAGEMENT OPPORTUNITIES We understand that there is scope to add a floor to the building and to create a basement (STP). If both opportunities were carried out, the footprint of the building would almost double.

GROUND FLOOR FIRST FLOOR 2,476 sq ft (230 sq m) 1,399 sq ft (130 sq m)

TOTAL: 3,875 SQ FT (360 SQ M) © Crown Copyright, ES 100004106. For identification purposes only. SALES COMPARABLES RENTAL COMPARABLES

Address Floor Size Price Date Address Floor Size Price Date (NIA Sq Ft) (Per Sq Ft) (NIA Sq Ft) (Per Sq Ft) Bruges Place, Baynes Street Ground 1,840 £735 Under Offer 1 Belsize Crescent Lower Ground - First 1,477 £37 Sep - 17 Regent House, Pratt Mews Ground 1,629 £982 Under Offer 22a Perrins Walk Ground 652 £49 Aug - 17 3 Belsize Crescent Ground 1,894 £1,056 Jan - 18 7 Harmood Grove Ground 700 £44 May - 17 59-61 Leighton Road Ground 1,661 £690 Mar - 17 58-79 Road First 1,800 £38.50 May - 16 61 Holmes Road Ground 1,170 £650 Feb - 17 1 Whittlebury Mews Ground - Third 4,800 £790 Oct - 16 Average £42 1 Belsize Crescent Lower Ground - First 1,477 £779 Jul - 16 Average £812 TENURE Virtual Freehold. Term: 999 years from 14th January 1994 at a peppercorn rent to Lakelevel Limited (Landlord).

LAND REGISTRY TITLE NGL714850.

EPC VAT Available upon request. The property is elected for VAT.

PROPOSAL We have been instructed to seek offers in the region of £3,000,000 (Three Million Pounds). A sale at this level reflects a capital value of £774 per sq ft.

For further information or to make arrangements for viewing please contact:

PRIVATE CLIENT TEAM

Ronnie Morgan Saul Zulman 020 7543 6808 020 3722 8204 [email protected] [email protected]

www.allsop.co.uk

PRIVATE CLIENT

IMPORTANT NOTICE: Allsop and ZED Prop Real Estate on their own behalf and on behalf of the instructing client give notice to anyone who may read these particulars as follows: 1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property, but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement of representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property what are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an option and not by way of statement of fact. Allsop is the trading name of Allsop LLP. ZED Prop Real Estate is the trading name of ZED Prop Real Estate. Design: Command D - www.commandhq.co.uk August 2018