54 & 55-57 Great Marlborough Street London W1

54 & 55-57 GREAT MARLBOROUGH STREET LONDON W1

PRIME FREEHOLD DEVELOPMENT OPPORTUNITY IN THE HEART OF SOHO 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

JLL Hotels & Hospitality Group and Michael Elliott have been jointly mandated to offer for sale 54 & 55-57 Great Marlborough Street, a coveted development opportunity in London’s creative epi-centre free of all encumbrances and with the benefit of the freehold interest. – An exceptional opportunity to acquire a landmark development site within Central London’s celebrated neighbourhood of Soho – Rare opportunity to reposition, redevelop or refurbish the existing buildings to suit a number of uses – A first choice flagship lifestyle hotel location with door-step access to the energy of its vibrant surrounds and the footfall of the world’s most visited destination – The proposed hotel scheme envisages 102 design conscious guestrooms over 7 floors with a dynamic Food & Beverage offering sweeping across the ground and lower ground floors – Full planning permission in place to create a new build behind a retained façade residential led mixed-use scheme – Further ability to redevelop the existing buildings to create a Grade A headquarters office building – Excellent transport links – 6 key underground stations within a mile – 2 upcoming Crossrail ticket halls within 0.3 miles Rare opportunity to reposition, redevelop or refurbish to suit a number of uses – Offers are invited for the freehold interest

2 GREEN PARK GROSVENOR SQUARE

BERKELEY GREEN PARK SQUARE

BOND STREET PICCADILLY

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HANOVER SQUARE REGENT STREET

OXFORD STREET

GOLDEN SQUARE

CARNABY STREET GREAT OXFORD CIRCUS MARLBOROUGH STREET

BROADWICK STREET

POLAND STREET 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

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Prominent 29 metre frontage to Great Marlborough Street Freehold

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IN THE HEART OF SOHO

Soho lies in the heart of London’s world famous ‘West End’ and is the centre of the capitals burgeoning creative hub. Renowned as London’s coolest address, the neighbourhood is home to prominent media firms and creative agencies, thriving bars and restaurants, and an extensive retail offering.

This prime central London location is serviced by a number of transport links with direct access to major airlift and rail hubs, Oxford Circus and Piccadilly Circus Underground stations alone saw over 135 million passenger movements in 2015 and the anticipated arrival of Crossrail (Elizabeth Line) at nearby Tottenham Court Road will spur growth even further.

The local area has deep-rooted ties to the creative space, particularly in music and film and as a result boasts a strong TMT occupier presence with groups such as Sony, Twitter, Warner Music Group and Apple situated in the immediate vicinity.

Soho’s retailing provisions are unparalleled offering an eclectic mix of boutiques centred around Carnaby Street to complement the existing world class offerings on Oxford Street and Regent Street driving demand and footfall from a balance of domestic and international source markets.

5 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

CONNECTIVITY

6 key underground stations and 2 Crossrail (Elizabeth Line) stations within a mile. N ORD TF TO AD RA ST 14 MIN REET ADDING LIVERPOOL ST 5 MIN P 5 MIN OURT RO TO TTENHAM C W REET 3 MIN 2 MIN 30 MIN THRO 8 MIN 12 MIN HEA ARRINGDON Y WHARF F BOND ST WHITECHAPEL CANAR

6 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

EXISTING BUILDINGS

54 GREAT MARLBOROUGH STREET Slab to Slab Tenancy Ground – 4.18m Vacant possession Constructed in the 1950’s the property comprises an office and showroom building arranged over basement, ground and six upper First – 3.08m floors. The building is of concrete framed construction with a brick Sixth – 2.87m Rating façade, ‘media style’ crittal windows and rendered panelling beneath The property has been a flat asphalt roof. Tenure de-listed and rates do not Freehold apply

55/57 GREAT MARLBOROUGH STREET Slab to Slab Tenancy Ground – 3.70m Vacant possession Constructed in the 1920’s, the property is of masonry construction with a Portland stone and brick facade, media style crittal windows First – 3.27m and an asphalt flat roof. Sixth – 2.69m Rating Arranged over basement, ground and five upper floors the property The property has been provides flexible floor plates ideal for the media and creative Tenure de-listed and rates do not industries. Prior to being stripped back to shell condition the upper Freehold apply floors were used as B1 offices with ground and basement floors comprising a self-contained retail unit with prominent frontage to Great Marlborough Street.

7 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

EXISTING GIA

BUILDING FLOOR USE SUI GENERIS B1 (OFFICE) SQ M SQ FT SQ M SQ FT 54 Great Marlborough Street 7th - - 40.6 437 6th - - 109.6 1,180 5th - - 11 7. 4 1,264 4th - - 11 7. 4 1,264 3rd - - 11 7. 4 1,264 2nd - - 11 7. 5 1,264 1st - - 213.2 2,295 Ground 238.1 2,563 22.1 238 Lower Ground 173.2 1,864 120.8 1,300 Sub Total 411.3 4,427 976.0 10,506

55-57 Great Marlborough Street 6th - - 27.0 291 5th - - 261.3 2,813 4th - - 268.6 2,891 3rd - - 266.9 2,873 2nd - - 509.9 5,489 1st - - 513.0 5,522 Ground 519.3 5,590 65.0 700 Lower Ground 192.9 2,076 90.5 9 74 Sub Total 712.2 7,666 2,002.1 21,550

Total 1,123.5 12,093 2,978.1 32,056

8 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED LIFESTYLE HOTEL SCHEME

Planning consent was recently granted for additional massing across Guestrooms are set out over floors 1 – 7 providing external aspects both buildings, including two additional floors. Working within the over Great Marlborough Street or the rear courtyard and benefiting consented height, and also benefitting from an additional basement from wide reaching views across London. The Food & Beverage will be area, set out below is a proposed Aukett Swanke designed lifestyle arranged over ground and lower ground floors in a collection of private hotel scheme, enhancing the gross internal area to create a 102 spaces leading towards an inner courtyard with additional seating. guestroom hotel. The principle of creating a hotel is supported by WCC planning The proposal assumes demolition of the existing buildings and the policies. A planning note from Turley’s along with the Aukett Swanke creation of a new build hotel, which would be arranged over ten feasibility study is available upon request. floors, featuring a courtyard to the rear which acts to enhance the Summary of Proposed Scheme F&B offer and provide high levels of light to the hotel rooms. Gross Internal Area* (sq m / sq ft) 5,882 / 63,315 The scheme assumes an international standard hotel operator Guestrooms 102 that can deliver a guestroom product of the highest quality and Average Room Size (sq m / sq ft) 25 / 269 a compelling and dramatic Food & Beverage space with world F&B / Front of House (sq m / sq ft) 786 / 8,457 renowned kitchen that will compete with and look to outperform Revenue Generating Covers 366 independent operators in the area.

9 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED LIFESTYLE HOTEL SCHEME

The scheme embraces the ‘grit & glamour’ of its Soho location using The metal will subtly reflect both daylight and the city’s night lights an austere massing clad in dark ceramics or stone, with window making sure the hotel is visible on the east and west approaches. openings picked out in a bright metal which frames both the views out of the hotel and the views into the building’s busy public areas.

NIA GIA Hotel Rooms/ Total Total Net:Gross Level Hotel F&B Kitchen/BoH 2 BoH / Plant Substation Other 2 Public Areas NIA M Circulation M2 GIA M Efficiency Rooms M2 M2 M2 Escape M2 M2 M2 M2 B Plant - - - - 105 337 202 - 44 688 0% LG F&B - 365 206 571 - - - 25 17 613 93% G F&B - 421 - 421 - 65 - - 90 576 73% 1 16 409 - - 409 137 - - - 67 613 67% 2 15 388 - - 388 128 - - - 70 586 66% 3 15 388 - - 388 128 - - - 70 586 66% 4 15 388 - - 388 128 - - - 70 586 66% 5 15 390 - - 390 128 - - - 68 586 67% 6 15 390 - - 390 128 - - - 68 586 67% 7 11 289 - - 289 118 - - - 56 463 62% Total 102 2,642 786 206 3,634 1,000 402 202 25 620 5,882 62%

10 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED LIFESTYLE HOTEL SCHEME LOWER GROUND FLOOR

GREAT MARLBOROUGH STREET

Lower Ground Floor: FoH / F&B 365 sq m BoH (including Substation) 231 sq m COURTYARD 73 sq m

Covers: RESTAURANT 104 BAR 38 COURTYARD 13

11 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED LIFESTYLE HOTEL SCHEME GROUND FLOOR

GREAT MARLBOROUGH STREET

Ground Floor: FoH / F&B 421 sq m BoH / ESCAPE 65 sq m COURTYARD 73 sq m

Covers: F7B / RECEPTION AREA 62 STAIRCASE SEATING 56 TEQUILA BAR 36 LIBRARY & WORK ZONE 25

12 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED LIFESTYLE HOTEL SCHEME TYPICAL FLOOR (4TH - 6TH)

GREAT MARLBOROUGH STREET

Typical Floor (4th - 6th: Typical Room Size 24-25 sq m BoH / Circulation 137 sq m No of Keys 15

13 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED OFFICE + RETAIL SCHEME

Opportunity exists to create a new Grade A mixed-use building via either refurbishment of the existing or redevelopment of the whole (STPP). A potential new building could comprise a mix of A1 / A3 uses at basement and ground floors with new Grade A offices above. The offices would suit owner occupiers wanting a Soho HQ building or could be leased to capture the growing occupational growth and strong tenant demand in Soho. Previous planning consent was granted in 2012 (expired in 2015) for demolition and redevelopment of 54-57 Great Marlborough Street to provide a new seven storey building for offices (B1), retail (A1) and restaurant (A3) uses. This consent was in connection with a wider scheme. Further information can be made available upon request.

Previously consented Eric Parry designed office scheme

14 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

PROPOSED RESIDENTIAL + RETAIL SCHEME NIA

Planning consent was granted in April 2016 BUILDING UNIT FLOOR USE for the demolition and redevelopment behind A1 A1 A3 A3 retained facades to provide a new building SQ M SQ FT SQ M SQ FT comprising A1 and A3 uses over lower ground and ground floors with 27 residential (C3) 54 GMS Unit 1 Ground 161.3 1,736 - - apartments arranged over 7 upper floors. Lower Ground 161.9 1,743 - - Sub Total 323.2 3,479 - - Consented area schedule as below:

55-57 GMS Unit 2 Ground - - 196.4 2,114 Lower Ground - - 293.4 3,158 Unit 1 Ground 196.3 2,113 - - Sub Total 196.3 2,113 489.7 5,272 Total 519.5 5,592 489.7 5,272

SQ M SQ FT Total A1 and A3 1,009.2 10,864

15 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

CONSENTED RESIDENTIAL NSA

54 GREAT MARLBOROUGH STREET 55/57 GREAT MARLBOROUGH STREET

FLOOR FLAT BEDROOMS SQ M SQ FT FLOOR FLAT BEDROOMS SQ M SQ FT 7th 108.8 1,171 7th 127.2 1,369 Flat 9 3 Flat 18 4 6th 120.6 1,298 6th 125.6 1,352 5th Flat 8 3 128.0 1,377 7th 144.9 1,559 Flat 17 4 Flat 7 1 38.0 409 6th 133.3 1,435 4th Flat 6 2 84.0 904 5th Flat 16 3 164.8 1,774 Flat 5 1 38.0 409 5th Flat 15 3 144.4 1,554 3rd Flat 4 2 83.9 903 4th Flat 14 2 109.8 1,182 Flat 3 1 38.0 409 4th Flat 13 1 41.7 449 2nd Flat 2 2 83.9 903 4th Flat 12 1 41.7 449 1st Flat 1 3 127.8 1,376 4th Flat 11 2 98.9 1,065 Sub Total 851 9,159 3rd Flat 10 2 109.5 1,179 3rd Flat 9 1 41.7 449 3rd Flat 8 1 41.7 449 3rd Flat 7 2 98.5 1,060 2nd Flat 6 2 108.7 1,170 2nd Flat 5 1 41.7 449 2nd Flat 4 1 41.7 449 2nd Flat 3 2 98.5 1,060 1st Flat 2 3 162.1 1,745 1st Flat 1 3 143.1 1,540 Sub Total 2,019.5 21,738 Total 2,870.5 30,897

16 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

TOTAL AREA - Consented scheme front elevation RESIDENTIAL + RETAIL SCHEME

SQ M SQ FT Total Retail 519.2 5,592 Total Restaurant 490.0 5,272 Total Residential 2,870.5 30,897

Total 3,879.7 41,761

17 54 & 55-57 GREAT MARLBOROUGH STREET LONDON, W1

SPEAK TO AN ADVISOR

Hotel Development Opportunity Commercial Development Opportunity

Jonathan Goldman Mark Shipman t: +44 (0)20 7399 5561 t: +44 (0)20 7529 5708 e: [email protected] e: [email protected]

Will Duffey Scott Lister t: +44 (0)20 7087 5587 t: +44 (0)20 7529 5704 e: [email protected] e: [email protected]

Christopher Exler t: +44 (0)20 7399 5528 e: [email protected]

Susanne van Nieuwenburg t: +44 (0)20 7399 5295 e: [email protected]

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