One & Three Hammersmith Broadway, London W6
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ONE & THREE HAMMERSMITH BROADWAY, LONDON W6 PRIME WEST LONDON OFFICE INVESTMENT OPPORTUNITY WESTFIELD KINGS MALL SHEPHERD’S LONDON SHOPPING CENTRE BUSH HAMMERSMITH EVENTIM APOLLO HOLLAND PARK THE ARK KENSINGTON OLYMPIA HYDE PARK STAGE 6 TELEVISION STUDIO (BBC) SOLD MAR 15 £67M/3.73% SHEPHERD’S BUSH ROAD 26/28 HAMMERSMITH GROVE SOLD JUN 15 £131M/4.11% GRIFFIN HOUSE SOLD AUG 15 £75.55M/5.06% To Central London 4.5 miles/15 mins > ARGENTUM SOLD JUN 15 £15.78M/4.22% KING STREET A4 77 FULHAM PALACE ROAD SOLD SEP 14 £81.75M/6.33% < To London Heathrow airport 12 miles/20 mins FULHAM PALACE ROAD Indicative purposes only. ONE & THREE HAMMERSMITH BROADWAY, LONDON W6 INVESTMENT SUMMARY O Prime and prominent office building situated in the centre of Hammersmith O Hammersmith has the lowest office vacancy rate in London O Hammersmith is an established business location with other significant occupiers in The Broadway development including AOL, Walt Disney, EMI, Time Warner O Excellent amenities being located above the Hammersmith Broadway Shopping Centre and close to the high street where occupiers include M&S, Pret, Costa, TK Maxx and restaurants such as Bill’s and Byron O Surrounding areas of Earl’s Court and Shepherd’s Bush are undergoing significant regeneration with various iconic schemes such as the BBC TV Centre, the redevelopment of Earls Court Exhibition Centre and the Westfield extension O Attractive building with unparalleled transport links situated directly above Hammersmith Underground and bus station O Two separate long leasehold interests O A new 10 year lease to be granted to BC Property Management Limited, a subsidiary of Blenheim Chalcot on an institutional FRI lease with an upward only rent review in year five. The tenant is to have an option to renew for a further 10 years at market rent O High quality office accommodation with a newly created staff café and break out area totalling 2,678.82 sq m (28,835 sq ft) O The property has a total of 22 car parking spaces O Excellent rental growth prospects in Hammersmith with rents rising over 8% last year O Current income of £1,417,136 per annum, reflecting£49.50 per sq ft based on first to fifth floors O Offers are sought in excess of £25,500,000 (Twenty Five Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT, equating to an attractive net initial yield of 5.25% after allowing for purchaser’s costs of 5.8% LOCAL BUSINESSES, GLOBAL BRANDS O WORLD CLASS COMMERCIAL LOCATION O LOWEST VACANCY RATE IN LONDON O BUSINESS HUB O HIGHLY SKILLED EMPLOYMENT POOL O SIGNIFICANT INVESTMENT IN THE AREA O UNRIVALLED RENTAL GROWTH POTENTIAL O FIRST CLASS TRANSPORT AND AMENITIES HAMMERSMITH Hammersmith is the business hub and strategic gateway in the western corridor of London connecting the area to Central London approximately four miles to the east. The area benefits from excellent transport links with the A4 providing access into Central London approximately four miles to the east and access to the M4 (Junction 1) three miles to the west and the M4/M25 interchange 10 miles to the west. The London Underground serves Hammersmith via four of the lines including the District, Circle, Piccadilly and Hammersmith and City lines providing access to Central London in approximately 20 minutes. The London Underground provides access to King’s Cross and Euston railway stations, with quickest journey times of 23 minutes and 25 minutes respectively. Shepherd’s Bush Underground is a short distance away and provides access to Central London via the Central Line. Hammersmith is also a major part of the bus network with 17 routes utilising Hammersmith Bus Station. Hammersmith is considered one of the best connected stations in London. The area is well connected by air with London Heathrow situated 10 miles to the west and also accessible via the London Underground (Piccadilly Line) in approximately 30 minutes. Hammersmith benefits from an extensive retail offering with the Broadway Centre and King’s Mall both providing a significant retail provision. The former has an annual footfall in excess of 37.8 million (source: completely retail). The Westfield Shopping Centre is situated nearby and provides one of the most extensive shopping destinations in London with over 300 shops, 60 drinking and dining places and a leisure offering. The borough is home to over 10,500 businesses employing more than 127,000 people (source: Hammersmith and Fulham Borough Profile). A number of established global companies have located their headquarters in Hammersmith including GE, Disney, L’Oréal, Sony Ericsson, Phillip Morris and Virgin Media amongst others. ONE & THREE HAMMERSMITH BROADWAY, LONDON W6 A505 Stevenage Dunstable Stansted Luton Luton Bishop’s A120 A418 Knebworth Stortford A5 A10 A1(M) A602 A44 M1 A131 A130 A34 Aylesbury Harpenden Welwyn Garden City A40 Hertford A414 M11 Harlow OXFORD BerkhamstedA41 Hemel A12 Hempstead St Albans Hatfield A4142 Thame M10 A414 Chelmsford A138 d J21 R k A414B A420 aw A Chippingldh 4 3 A404 Potters Bar Go 0 d 2 A 3 Chesham Epping a 2 A4010 J20 402 8 22 A o 0 0 J23 Ongar P R Kensington a H A J19 J25 h o H d s Olympia d M25 J27 d d l a l d Borehamwood u a a e I m f n i n B s o f d s l mers o w e s n R y R d i o R c R r M25 k k oad a o o Watford Enfield d ie R e d A1 Ad O mi a a R a w Ravenscourt h d o v o d p a t e a h Rickmansworth M11 R A130 e Olympia High d r h Park G h rt s S South d u t B l r o r A355 Billericayo o London o o A413 c n k o 9 d B Wycombe s v G r e r o Brentwood 1 e n e a e o G n k e Oxney R 2 G o v r J28 o A e a Wickford e R n ad Harefield R d d Brent 2 a M40 g a Marcus 0 Ravenscourt o n o R i G a A10 4 l rde R ns h Park l M1 Cross it B Garvey a lentho A G n Harrow A315 rne Road e m 3 t s a r D Hammersmith 1 u e Park A127 A12 w m 7 J29 B o m Ruislip Basildon8 a R H N A404 J16 Wembley Hampstead Romford 0 o 4 5 31 rt B A h A3 1 HAMMERSMITH s S 15 n E h K e n i o ng S Benfleet d t r d Uxbridge reet BROADWAY r E Southend-on-Sea G t d a ith l R R Henley-on-Thames A40 a l o G i ad n d A34 t o d d e l Canvey Hammersmith s o a o Maidenhead n d C Southall Slough A13 M25 Stanford-le-Hope Talgart R h R o Island o a A404(M) London Great West Roa T a d HAMMERSMITHLONDON A4 d ammersmith flyover alga d H rt J15 A4 h Roa City t d M4 d e A4 Ta e lg Hammersmith a r arth Brentford o t Road Fulham Creek R S Windsor Hounslow e e e Gardens West A2 g lin gravin Barons Court o r P d Kensington Clapham id ar Ma Baron t Roa r C a ’s Cour Heathrow n l Richmond e l M4 A316 B e i Dartford u s Q e READING h A t r i C r R i d 2 ad m s a Ro o p o a Staines Gravesend s Sheerness1 A329(M) Ashford r R R d Kingston e o ’s 9 s a r n’ Egham J2 m d llo sta ce un A20 m n t. D Bracknall a ha F S Upon Thames H C u l Wokingham Ascot Bromley lh 6 a J12 A23 Swanley 0 M3 A309 A3 3 m J3 A Gillingham P A322 Rochester a l Croydon onsdale R a Walton-on-Thames 0 L oad c A232 A21 35 e Bagshot B M2 u R Sutton M25 M20 a o Bayonne M25 ln a Normand Sandhurst e d Park Epsom t Sittingbourne s Park Shoreham Snodlanda J10 C Woking A217 oad Biggin Hill 6 R A339 0 A3 lie 3 218 il A22 Lillie L J9 J5 M26 A M20 Lillie Road R 3218 M3 Famborough Sevenoaks oad A Fleet Recreation A331 A3 M25 Maidstone Ground BASINGSTOKE J8 J7 J6 A34 Oxted Aldershot Reigate A26 GUILDFORD Dorking Redhill Famham A21 A24 Tonbridge A303 Godalming M23 Horley Paddock Royal Wood Staplehurst Alton Witley Gatwick Tunbridge Cranleigh A264 Wells A229 A31 Crawley Three Bridges North A264 East Grinstead Horsham Horsham A23 Haywards Heath Burgess Hill A10 STRATFORD A501 Western Avenue REGENTS PARK KINGS CROSS A11 A12 Westway Westway GT PORTLAND ST CENTRAL LONDON A40 LIVERPOOL ST PADDINGTON BLACKFRIARS HYDE PARK PICCADILLY CIRCUS SHEPHERD’S BUSH GREEN PARK LONDON BRIDGE KNIGHTSBRIDGE WESTMINSTER A4 CHISWICK M4 COMMON HAMMERSMITH VICTORIA M 4 A4 M4 JUNCTION (Jct 1) HAMMERSMITH CHISWICK EARL’S COURT Old Kent Road CHISWICK HOUSE GREENWICH & GARDENS BARNES BATTERSEA A202 PARK FULHAM PARK KEW GARDENS Paddington 11 minutes Great Portland Street 21 minutes King’s Cross St. Pancras 25 minutes Liverpool Street Station 33 minutes LONDON HAMMERSMITH London Heathrow UNDERGROUND STATION 28 minutes Knightsbridge 12 minutes Piccadilly Circus 15 minutes King’s Cross St.