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THE FITZROVIA PORTFOLIO LONDON, W1

THE FITZROVIA PORTFOLIO

1-3 & 14 AND 31 & 32 PERCY STREET LONDON, W1

Rare opportunity to purchase 4 Fitzrovia freeholds either individually or as a portfolio THE FITZROVIA PORTFOLIO LONDON, W1

PORTFOLIO SUMMARY

1-3 Charlotte Street W1 14 Charlotte Street W1 31 Percy Street W1 32 Percy Street W1 TOTAL

Area sq ft 4,109 (5,071) 2,387 (2,735*) 3,092 (4,028) 3,167 (3,455) 12,755 (15,289) (GIA) Area sq m 381.7 (471.1) 221.8 (254.1) 287.2 (374.2) 294.2 (321.0) 1,184.9 (1,420.4) (GIA)

Price £10,500,000 £4,500,000 £4,600,000 £4,600,000 £24,200,000

Capital Value £2,555 (£2,071) £1,885 (£1,645) £1,488 (£1,142) £1,452 (£1,331) £1,897 (£1,583) (£psf) Net Initial 2.67% 1.91% 2.81% N/A 2.05% Yield Reversionary 3.06% 4.08% 3.43% 3.66% 3.43% Yield

* Adopting proposed area THE FITZROVIA PORTFOLIO LONDON, W1

31 PERCY STREET

14 CHARLOTTE STREET 32 PERCY STREET

1-3 CHARLOTTE STREET REGENT’S PARK

THE FITZROVIA PORTFOLIO LONDON, W1

LOCATION

T Fitzrovia is one of ’s most vibrant and EE ST R diverse districts attracting numerous major office ISH PORTLAND VEND NEW CA GOODGE occupiers including Netflix, Facebook, Estée Lauder, C H STREET Capita and Arup. A R T L E O E C T TR LE S PL T E T V E G EL Occupiers are attracted to the destinationsAC dynamic D T S O O TREE A TR O G S N G T E E RE Y D mix of contemporary restaurants, namely Roka, EE T LE ST E GREA A FO ET N T E R T R EE HAM

Hakkasan, Meraki, Berners Tavern, and Yopo. T ST I T T T SE C P U BEDFORD Additionally, there are a number of fashionable hotels HF C ORTL O H O SQUARE I G EL N U THE FITZROVIA in the area including The Charlotte Street Hotel; The DI RT D I AND R

S R T T London Edition; The Mandrake; and The Sanderson. RE E O ST PORTFOLIO E R A

E T R D N S T EE E Y B WM C E L T R A R N PE N A G E H N A R

S M ET S E T P R S L T R R S T A E R E IM E C RT E O T E E M RA T G TH R E

B S S O E

N S T E R EE P T LA

C

E TRANSPORT LINKS

EET TR S T ET REE AR ST R G E CAVENDISH AR STL E M CA SQUARE AST G E

Unrivalled connectivity with 6 central London E

N

T underground stations within close proximity (Euston; S

T C OURT ROAD Euston Square; Goodge Street; Great Portland Street; R E E TR EET T S ; & Warren Street) providing FORD OX

TOTTENHAM access to the Central, Circle and District, Metropolitan,

C OURT ROAD

Northern and Victoria lines as well as National Rail SQUARE OXF ORD CIRCUS

services. Elizabeth line services will be operational in

2021 from nearby Tottenham Court Road Station. R E EET G R ST E GH GR N U F T RO O R E EK S LB I R TH A M W S T D T A A E E S R R G R A S TR E B D T N HANOVER E E O R E

T R S E E SQUARE UR W T E T R T I C S E K TR E T S E T E R T E ET

E U N E V A Y R BU S E T F A H S

LY IL AD CC PI THE FITZROVIA PORTFOLIO LONDON, W1 1-3 CHARLOTTE STREET

Comprising a highly prominent recently refurbished mixed use corner building arranged over lower ground; ground; and 4 upper floors.

The retail accommodation is self contained with the offices separately accessed and benefitting from a passenger lift serving all floors. Office amenities include exposed air conditioning; perimeter trunking; parquet flooring; wc’s on every floor and shower facilities.

TENANCY

Fully let in accordance with the tenancy schedule below:

GROSS AREA NET AREA LEASE LEASE RENT PA ERV FLOOR USE TENANT SQ FT SQ FT START EXPIRY (PSF) (PSF)

Yupana £52,190 £53,370 Fourth Office 759 593 11.03.19 10.03.21 Systems (£88.00) (£90.00)

Breather £47,585 £51,887.50 Third Office 759 593 09.10.17 08.10.22 Products (£80.24) (£87.50)

Breather £47,585 £50,405 Second Office 759 593 09.10.17 08.10.22 Products (£80.24) (£85.00)

Yupana £52,190 £50,405 First Office 759 593 11.03.19 10.03.21 Systems (£88.00) (£85.00)

Ground + Andrew £100,000 £137,500 Lower Retail 2,035 1,737 20.09.07 31.12.28 Jose (£57.57) (£79.16) Ground

Total 5,071 4,109 £299,550 £343,567.50

TENURE

Freehold. THE FITZROVIA PORTFOLIO LONDON, W1

1-3 CHARLOTTE STREET Not to scale. Indicative only.

Retail Retail Office Office Office Office

Retail Office Office

Retail Retail Retail Office Office Office Office Office Office

Lower Ground 1st Floor 3rd Floor

Retail Office Office Retail Retail Office Office Office Office rar

rar rar Retail Retail Retail Office Office Office Office Office Office CHARLOTTE STREET Ground Floor 2nd Floor 4th Floor

rar rar rar THE FITZROVIA PORTFOLIO LONDON, W1 14 CHARLOTTE STREET

Prominently positioned at the junction of Charlotte Street and Windmill Street and arranged to provide a restaurant at ground and lower ground floors with 3 vacant, separately accessed residential apartments above.

Planning permission had previously been obtained for a new fourth floor creating two 2 bedroom duplex apartments with roof terrace serving the top apartment. TENANCY

Fully let in accordance with the tenancy schedule below:

AREA LEASE LEASE RENT PA FLOOR USE TENANT ERV SQ FT START EXPIRY (PSF)

£52,190 £26,000 Fourth* Residential Vacant 348 (£85.00) (£500 pw)

£47,585 £26,000 Third Residential Vacant 486 (£77.50) (£500 pw)

£47,585 £26,000 Second Residential Vacant 532 (£77.50) (£500 pw)

£52,190 £26,000 First Residential Vacant 507 (£85.00) (£500 pw)

Ground + Vanida £92,000 £92,000 Restaurant 862 25.12.2003 24.12.2023 Lower Ground Walker (£106.73) (£106.73)

TOTAL 2,387 £92,000 £196,000

PROPOSED TOTAL 2,735

* Previously consented area

TENURE

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Lower Ground 1st Floor 3rd Floor

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Resara Pa Rm THE FITZROVIA PORTFOLIO LONDON, W1 31 PERCY STREET

Comprising a recently refurbished mid-terrace mixed use property arranged over lower ground; ground; and three upper floors.

Office amenities include air conditioning; underfloor trunking; LG7 lighting; shower facilities and private ground floor rear terrace.

Opportunity to increase the lettable floor area by extending the demise over the rear terrace.

TENANCY

Fully let in accordance with the tenancy schedule below:

NET AREA LEASE LEASE RENT PA FLOOR USE TENANT SQ FT ERV COMMENTS START EXPIRY (PSF) (GROSS)

Mutual break £30,030 £26,000 Third Residential 621 28.06.19 27.06.24 03.01.21 on 3 Homes (£577.50 pw) (£500 pw) months notice.

573 £25,000 £34,380 Rent inclusive of Second Office Galloways Ltd 14.11.18 31.12.20 (746) (£43.63) (£60.00) service charge.

Diamond 678 £26,000 £44,070 Break option First Office 09.05.18 08.05.21 Management (784) (£38.35) (£65.00) 01.01.2021.

Tenant served Portdevon 678 £36,063 £42,375 Ground Office 07.12.17 08.12.20 notice to terminate Holdings LLP (1,083) (£53.19) (£62.50) on 08.12.20.

Tenant served Lower John Walsh 542 £21,000 £21,680 Office 02.11.17 04.11.20 notice to terminate Ground Associates (794) (£38.75) (£40.00) on 04.11.20.

3,092 Total £138,093.00 £168,505.00 (4,028)

TENURE

Freehold. THE FITZROVIA PORTFOLIO LONDON, W1

31 PERCY STREET Not to scale. Indicative only.

Kitchen Kitchen Kitchen Kitchen Kitchen rar rar rar rar rar

Kitchen Kitchen Kitchen Kitchen Kitchen Terrace Terrace Terrace Terrace Terrace

Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Reception Room/Reception Room/Reception Room/Reception Room/ Reception Room/ Office Office Office Office Office Kitchen Kitchen Kitchen Kitchen Kitchen

Office Office Office Office Office Office Office Office Office Office Bedroom Bedroom Bedroom Bedroom Bedroom Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Bedroom Bedroom Bedroom Bedroom Bedroom

i i i i i

PERCY STREET

Lower Ground Ground Floor 1st Floor 2nd Floor 3rd Floor THE FITZROVIA PORTFOLIO LONDON, W1 32 PERCY STREET

Comprising a newly refurbished self contained Georgian office property arranged over lower ground; ground and three upper floors.

Newly refurbished, the premises benefits from excellent natural light. Amenities include combination of wood and carpet covered floors; shower facitilies; modern lighting; period features in part; video entry phone.

TENANCY

Currently vacant floor areas are as follows:

GROSS AREA NET AREA FLOOR USE ERV (PSF) SQ FT SQ FT

£23,400 Third Office 629 468 (£50.00)

£32,220 Second Office 709 537 (£60.00)

£36,140 First Office 688 556 (£65.00)

£55,375 Ground Office 1,323 886 (£62.50)

£32,400 L. Gound Office 1,066 720 (£45.00)

TOTAL 3,455 3,167 £179,535

TENURE

Freehold. THE FITZROVIA PORTFOLIO LONDON, W1

32 PERCY STREET Not to scale. Indicative only.

Kitchen Kitchen Kitchen Kitchen Kitchen Office Office Office Office Office

Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Kitchen Kitchen Kitchen Kitchen Kitchen Office Office Office Office Office Vi Vi Vi Vi Vi

Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office

Office Office Office Office Office

Vas VasVas Vas VasVas Vas Vas Vas Vas

Vi Vi Vi Vi Vi

PERCY STREET

Lower Ground Ground Floor 1st Floor 2nd Floor 3rd Floor THE FITZROVIA PORTFOLIO LONDON, W1

Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved.

CONTACT

Mark Shipman Richard Goldstein Peter Ng 020 7529 5708 020 7529 5713 +0065 9638 5255 [email protected] [email protected] [email protected]

Declaration: Michael Elliott for themselves and for the vendors of this property whose agents they are given notice that: a) the particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract; b) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the correctness of each of them; c) no person in the employment of Michael Elliott has any authority to make or give any representations or warranty whatever in relation to this property. July 2020 (Q4603)