85 Buckingham Gate

85 BUCKINGHAM GATE

LONDON SW1 INVESTMENT SUMMARY

• A prominent office building on • The first floor is currently let to Buckingham Gate Development Intelligence Limited at £85,000 per annum • Total accommodation of 10,953 sq ft NIA/ 15,629 sq ft GIA over 8 floors, • Vacant possession from February 2018, from Lower Ground to 6th allowing owner occupation

• Refurbished in 2011 to Grade A • Cycle storage and showers specification • Excellent accessibility, in a prime • Useable outside space; courtyard (LG) location in Victoria, SW1 and potential terrace (3rd floor), STPP • Price upon application • Freehold

2 3 Majestic & Modern

Old meets new in Victoria; London’s most familiar and iconic sites rubbing shoulders with the contemporary and innovative.

Piccadilly Circus

Hyde Park Green Park Station

Green Park Horse Guards Parade

St James’s Park

Buckingham Palace

St James’s Park station 85 The Goring Hotel

Nova Cardinal Place The Zig Zag Building 62 Buckingham Gate

The Broadway

Westminster Cathedral

Victoria Station

4 5 CHARING CROSS

TRAFALGAR SQUARE

S T J A M E S ’S S T R E E T

THE DORCHESTER GREEN PARK EMBANKMENT THE RITZ LOCATION

HILTON - PARK LANE T H E M A L L

PICCADILLY ST JAMES’S PALACE Green Park Prime Central HYDE PARK CORNER HORSE GUARDS PARADE

EMBANKMENT St James’s 85 Buckingham Gate enjoys a prominent The lunchtime amenities of Cardinal Place Park BUCKINGHAM PALACE position fronting Buckingham Gate where and Nova Victoria Food with an unrivalled W E S T M I N S T E R G R O S V E N O R P L A C E WESTMINSTER B R I D G E it meets Petty France. Local occupiers range of food outlets including pop up Buckingham include The Bill Gates Foundation, Jupiter street food providers and a weekly farmers Palace Gardens 05 85 BIRDCAGE WALK Asset Management, Deutsche Asset market are a five-minute walk from the Management, Rolls Royce, The John Lewis building and the splendour of St James’s B U C K I N G H A M G A T E HOUSES OF PARLIAMENT Partnership and Boeing. Park even less, accessed via the beautiful 16 ST JAMES’S PARK Birdcage Walk. P A L A C E S T R E E T 11 12 04 06 10 17 VICTORIA STREET 07 GORING HOTEL 13 14 CARDINAL PLACE 09

02 08 15 L A M B E T H B R I D G E 01 VICTORIA

V A U X H A L L B R I D G E R O A D TATE BRITAIN

PIMLICO

Restaurants Nova Victoria Theatre

01. The Thomas Cubitt 07. The Cinnamon Club 13. Aster 14. Victoria Palace Theatre 02. Boisdale of Belgravia 08. Osteria Dell’Angolo Bone Daddies 15. Apollo Victoria Theatre 03. II Convivio Barbecoa 16. The Other Palace Theatre 09. Quirinale WESTMINSTER 04. The Library at The Rubens 10. Kouzu Sticks’n’Sushi 17. Curzon Cinema 05. Roux of Parliament SquareRiver Thames11. Adam Handling at Caxton Rail House Cafe 06. Quilon 12. Mango Tree Franco Manca

Battersea BATTERSEA POWER STATION Park

6 7 VICTORIA

Victoria, leading the pack

Victoria’s decade of investment and Long home to London’s most prestigious redevelopment has come to fruition. and traditional corporate occupiers, Emulating the transformation of other Victoria’s makeover has attracted new major London public transport termini swathes of office occupiers including King’s Cross and London Bridge, Victoria is Google, Rolls Royce, Channel 4 and no longer a place just to catch a train but a Moet Hennessey. It is growing in stature, prosperous and thriving location, befitting housing the headquarters of high-fashion its prime central postcode. companies including Tom Ford, Giorgio Armani, Jimmy Choo and Burberry. Flanked by Belgravia, Westminster and the London’s second busiest station A station fit for a queen Crossrail 2 trappings of iconic Royal London to the The area has an extensive offering of fine 85 Buckingham Gate benefits from two Victoria’s £700million station upgrade, Victoria is presently London’s second north, Victoria has cemented its identity dining and hospitality - names like Quilon, Underground connections: St James’s doubling its size and providing step- busiest station with 82 million journeys as an exciting and appealing destination Boisdale, Barbecoa and The Goring, whilst Park (District & Circle Lines) a four- free access to all platforms is due for passing through each year, a figure that in its own right. A place of work, leisure an array of retail sees favoured high street minute walk and Victoria (Victoria, completion in 2018. The new entrance Crossrail 2 would increase by 10 per cent. and to live, home to some of the capital’s names alongside the luxury boutiques District & Circle lines, National Rail, in Cardinal Place, connecting directly Victoria would be a key interchange most celebrated mixed-use developments of Elizabeth and Ebury Street. Add to the Gatwick Express) a six minute walk to the Victoria line, opened in January should Crossrail 2 be approved, lying including Nova, Cardinal Place and the mix its popular theatres and Victoria has accessed by the new entrance on 2017 granting access to the station from at the centre of the route that would innovatively designed Zig Zag building. indisputably transformed itself into the Bressenden Place, in Cardinal Place. the junction of Bressenden Place and traverse the city north and south, quintessential central London locale. Santander Cycles can be docked on Victoria Street. connecting Surrey and Hertfordshire. Buckingham Gate itself, 150m from the building (10 spaces) and also on Butler Place (12 spaces), 300m away.

Journey Times from Victoria Station

Sloane Square Vauxhall Westminster South Kensington Euston 2 mins 3 mins 3 mins 4 mins 7 mins

King’s Cross Waterloo Bond Street London Bridge Bank 8 mins 8 mins 9 mins 11 mins 16 mins (Elizabeth Line)

8 9 VICTORIA REGENERATION

2. Victoria Station 3. Stockley House £700 million upgrade 109 residential units Victoria’s expanding Delivery 2018 Delivery 2020+ commercial draw

Victoria’s regeneration is one of the largest Central London has seen; a 21st century commercial district that unites Victoria’s contrasting parts - the civic structures of St James’s and Royal London with the transport hub of Victoria Station and the provision of much needed office space outside of The City. A vision realised, according to the heavyweight team of architects behind the 1. Nova South & Nova North 4. Verde 5. The Zig Zag Building masterplan, as “a place where people will actually want to walk.” 5,600,000 sq ft mixed-use scheme 320,000 sq ft mixed-use 232,000 sq ft mixed-use Delivery 2016-2018 scheme Completed scheme Competed

85 BUCKINGHAM GATE

11 6. Kings Gate 7. 55 Victoria Street 8. 10 Broadway 9. 10-18 Victoria Street 102 residential units 57 residential units 530,000 sq ft mixed-use 150,000 sq ft mixed-use 9 Completed Completed scheme scheme 8 12 Delivery 2018 Delivery 2025+ 10

4 13 7 6 1 5

11. 4 Victoria Street 12. 1 Victoria Street 115,000 sq ft mixed-use 500,000 sq ft mixed-use scheme scheme Delivery 2020+ Delivery 2020+

10. The Broadway 13. Sanctuary Buildings Former New Scotland Yard police HQ 230,000 sq ft office scheme 485,000 sq ft residential space, 146,000 sq ft commercial Delivery 2021+ space, 37,500 sq ft retail space Delivery 2021+

10 11 SITUATION

The building is situated on the north side of Buckingham Gate approximately 50 metres west of the junction with Petty France. Directly opposite is a residential mews whilst Castle Lane and Wilfred St connect through to the thoroughfare of Palace Street.

85 78 81 84

B U C K I N G H A M G A T E

W I L F R E D S T 3

6 3

CASTLE LANE

8 Westminster 3

Chapel

7 3 0m 5m 10m 15m

12 13 THE BUILDING

Originally constructed in 1988, 85 Buckingham Gate was refurbished in 2011 to a Grade A specification including VRF air conditioning, raised floors, plaster and metal tiled suspended ceilings incorporating LG7 compliant lighting with PIR sensors, new passenger lift and a modernized reception area and stairs.

Its distinctive frontage with the three round bays provides extensive natural light throughout. The building comprises a total of 10,953 sq ft NIA / 15,629 sq ft GIA of open plan accommodation on lower ground, ground and 1st – 6th floors with a courtyard accessible from lower ground and potential for an outdoor terrace, subject to planning permission on the third floor. The lower ground floor also features a bicycle store and showering facilities.

TENANCY

The property will be sold with vacant possession, save for a lease to Development Intelligence Limited on the first floor, at a rent of £85,000.00 per annum. This lease is contracted outside of the 1954 Act, and will expire 25th February 2018.

14 15 ACCOMMODATION

The property has been Measured by Malcolm Hollis in accordance with RICS Property Measurement, 1st Edition (May 2015). These areas also include storage and reception.

GIA NIA IMPS 2 IMPS 3

FLOOR USE

SQ M SQ FT SQ M SQ FT SQ M SQ FT SQ M SQ FT

6 Office 112.9 1,215 73.3 788 116.6 1,255 81.8 880

5 Office 154.7 1,665 117.4 1,264 158.7 1,708 122.9 1,323

4 Office 179.2 1,929 142.5 1,534 183.1 1,971 146.8 1,580

3 Office 179.2 1,929 142.5 1,534 183.1 1,971 146.8 1,580

2 Office 239.4 2,577 201.9 2,174 243.7 2,623 206.6 2,224

1 Office 191.6 2,062 154.3 1,661 195.3 2,102 158.3 1,704

Office 182.0 1,959 104.2 1,122 184.3 1,984 106.0 1,141

Storage 3.4 37 3.4 37

Reception 32.0 344 32.7 352

Total 139.6 1,503 142.1 1,530

Office 213.1 2,293 39.4 424 214.0 2,303 40.6 437

LG Storage 6.6 71 6.6 71

Total 46.6 495 47.2 508

TOTAL 1,452.10 15,629.00 1,017.50 10,953.00 1,478.80 15,917.00 1,052.50 11,329.00

16 17 ACCOMMODATION ACCOMMODATION

Lower ground First Floor

Bicycle Store

Pump Room Riser Lift Riser Lift Riser Riser

Courtyard B U B U Riser BUCKINGHAM GATEBUCKINGHAM Riser GATEBUCKINGHAM C K C K I N I N G H G H

Disabled Cleaner's Cupboard A

A Toilet M M G G A A T T E E Boiler Room

Bicycle Store Bicycle Store USEABLE OFFICE SPACE USEABLE OFFICE SPACE

Pump Room Pump Room Lift Riser Riser Lift Riser Riser Courtyard Courtyard B U B U

Riser Riser C K C K I N I N G H G H

Disabled Cleaner's Disabled Cleaner's Cupboard Cupboard

A Toilet A Toilet M M G G A A T T E E Boiler Room Boiler Room

FIRST FLOOR NOTES IPMS 2: Oces IPMS 3: Oces LOWER GROUND FLOOR NOTES IPMS 2: Oces IPMS 3: Oces Ground Second Floor 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 195.3 sq m 2,102 sq ft Oce 158.3 sq m 1,704 sq ft 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Oce 40.6 sq m 437 sq ft 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. 140 London Wall 140 London WallPROPERTY PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 195.3 sq m 2,102 sq ft TOTAL IPMS 3 AREA: 158.3 sq m 1,704 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 85 BUCKINGHAM GATE 85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY The following breakdown lists the Limited Use Areas EC2Y 5DN STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN MEASUREMENT STANDARDS] TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft LONDON Columns 0.3 sq m 3 sq ft LONDON MEASUREMENT STANDARDS] SW1E 6PD Interface Adjustment 3.7 sq m 40 sq ft SW1E 6PD Corridor The following breakdown lists the Limited Use Areas T 020 7622 9555 Columns 0.1 sq m 1 sq ft T 020 7622 9555 REVISIONS FC 0.87 Floor to window cill height W malcolmhollis.com REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft CH 1.46 Cill to window head height NOTES IPMS 2: Oces IPMS 3: Oces W malcolmhollis.com NOTES IPMS 2: Oces IPMS 3: Oces LOWER GROUND FLOOR CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft LOWER GROUND FLOOR DRAWN BY SURVEY DATE 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Oce 40.6 sq m 437 sq ft DRAWN BY SURVEY DATE 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWF2.70ING. IPMS 2 Floor to fals214.0e c seiq mling height2,303 sq ft Oce 40.6 sq m 437 sq ft AGB 01.08.17 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. Floor to false ceiling height AGB 01.08.17 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. F2.70 Storage 6.6 sq m 71 sq ft 140 London Wall 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft 140 London Wall PROPERTY PROPERTY SCALE CHECKED 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 85 BUCKINGHAM GATE 85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN SCALE CHECKED STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN 1:100 TP TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft LONDON MEASUREMENT STANDARDS] 1:100 TP LONDON MEASUREMENT STANDARDS] The following breakdown lists the Limited Use Areas The following breakdown lists the Limited Use Areas SW1E 6PD SW1E 6PD DRAWING NO. REV. NO. Columns 0.1 sq m 1 sq ft T 020 7622 9555 Columns 0.1 sq m 1 sq ft T 020 7622 9555 REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft W malcolmhollis.com DRAWING NO. REV. NO. REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft W malcolmhollis.com CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft 61060-AI-1 DRAWN BY SURVEY DATE DRAWN BY SURVEY DATE AGB 01.08.17 AGB 01.08.17 Floor to false ceiling height 61060-AI-LG Riser Floor to false ceiling height F2.70 Lift F2.70 Riser Riser Riser SCALE CHECKED SCALE CHECKED Lift 1:100 TP 1:100 TP

DRAWING NO. REV. NO. B U DRAWING NO. REV. NO.

B U 61060-AI-LG 61060-AI-LG Riser Riser C K C K BUCKINGHAM GATEBUCKINGHAM GATEBUCKINGHAM I N I N G H

G H Common Reception A A M M G G A A T T E E

Bicycle Store Bicycle Store USEABLE OFFICE SPACE USEABLE OFFICE SPACE

Pump Room Pump Room Lift Riser Riser Lift Riser Riser Courtyard Courtyard B U B U

Riser RECEPTION Riser C K C K I N I N G H G H

Disabled Cleaner's Disabled Cleaner's Cupboard Cupboard

A Toilet A Toilet M M G G A A T T E E Boiler Room Boiler Room

NOTES IPMS 2: Oces IPMS 3: Oces NOTES IPMS 2: Oces IPMS 3: Oces SECOND FLOOR Plans not to scale. For indicative purposes only and shown without tenants’ fit out. GROUND FLOOR Plans not to scale. For indicative purposes only and shown without tenants’ fit out. 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 243.7 sq m 2,623 sq ft Oce 206.6 sq m 2,224 sq ft 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 184.3 sq m 1,984 sq ft Oce 106.0 sq m 1,141 sq ft 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. 140 London Wall 140 London WallPROPERTY PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 3.4 sq m 37 sq ft 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 243.7 sq m 2,623 sq ft TOTAL IPMS 3 AREA: 206.6 sq m 2,224 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 184.3 sq m 1,984 sq ft London 85 BUCKINGHAM GATE 85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY The following breakdown lists the Limited Use Areas EC2Y 5DN STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN MEASUREMENT STANDARDS] TOTAL IPMS 3 AREA: 109.4 sq m 1,178 sq ft LONDON Columns 0.4 sq m 4 sq ft LONDON MEASUREMENT STANDARDS] 19 18 SW1E 6PD Interface Adjustment 4.3 sq m 46 sq ft SW1E 6PD The following breakdown lists the Limited Use Areas T 020 7622 9555 Columns 0.2 sq m 2 sq ft T 020 7622 9555 REVISIONS FC 0.87 Floor to window cill height W malcolmhollis.com REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 1.6 sq m 17 sq ft W malcolmhollis.com CH 1.46 Cill to window head height CH 1.46 Cill to window head height IPMS2 Interface Adjustment 0.7 sq m 8 sq ft DRAWN BY SURVEY DATE AGB 01.08.17 LOWER GROUND FLOOR NOTES IPMS 2: Oces IPMS 3: Oces DRAWN BY SURVEY DATE LOWER GROUND FLOOR NOTES F2.70 Floor toIPM falsS 2: Oe cceiesling height IPMS 3: Oces Floor to false ceiling height The following has been EXCLUDED from the Area: AGB 01.08.17 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THISF2.70 DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Oce 40.6 sq m 437 sq ft 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Oce 40.6 sq m 437 sq ft 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. Common Reception 32.7 sq m 352 sq ft 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. SCALE CHECKED 140 London Wall 140 London Wall PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft SCALE CHECKED PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft 1:100 TP 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 85 BUCKINGHAM GATE 1:100 TP 85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft DRAWING NO. REV. NO. LONDON MEASUREMENT STANDARDS] LONDON MEASUREMENT STANDARDS] SW1E 6PD The following breakdown lists the Limited Use Areas DRAWING NO. REV. NO. SW1E 6PD The following breakdown lists the Limited Use Areas Columns 0.1 sq m 1 sq ft T 020 7622 9555 Columns 0.1 sq m 1 sq ft T 020 7622 9555 61060-AI-2 REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft W malcolmhollis.com 61060-AI-G REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft W malcolmhollis.com CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft DRAWN BY SURVEY DATE DRAWN BY SURVEY DATE F2.70 Floor to false ceiling height AGB 01.08.17 F2.70 Floor to false ceiling height AGB 01.08.17

SCALE CHECKED SCALE CHECKED 1:100 TP 1:100 TP

DRAWING NO. REV. NO. DRAWING NO. REV. NO. 61060-AI-LG 61060-AI-LG NO. NO. . . REV REV 17 17 08. 08. 1. 1. P P 0 T 0 T E E Y DAT Y DAT E E CKED CKED V V E E H H SUR C SUR C m m is.co is.co all all I-5 I-6 on W on W d d 1060-A 1060-A 100 100 . . colmholl colmholl n n AGB 1: 6 AGB 1: 6 5DN 5DN o o Y Y G NO G NO don don N N N B N B 020 7622 9555 020 7622 9555 mal mal 2Y 2Y AW AW AWI AWI on on R R R R 40 L 40 L T W T W D SCALE D SCALE D D EC EC L L 1 1 t t ft ft ft ft ft

ft f

ft q q sq q 4 52 sq 12 sq 40 sq 43 sq 80 sq f 8 880 s ,323 s 323 s 1 1, as as e e r r A A e e s s m m m m m s s m m d U d U q q m q m q e e q q s s s s c c q q ite ite sq s .4 .8 .0 .7 .1 4 1 3 0 4 8 s 9 s 1.8 O O 8 : : 22.9 s 81. 1 the Lim the Lim 122. s s S 3 S 3 ist ist l l

: : IPM IPM wn wn EA EA o o d d R R nt nt oom oom eak eak r r me me r r t t s s b b ad ad S 3 A S 3 A NO. NO. . . ju ju REV REV d d ng ng He He A A 17 17 wi wi IPM IPM ed ed s 08. 08. lo lo ce ce 1. 1. P P ct ct e e a a 0 T 0 T E E AL AL c c ri ri rf rf Y DAT Y DAT E E te te OT OT olumn CKED CKED V V E E n n H H O O T T The fol Rest The fol Rest I C I SUR C SUR C t t m m f f ft ft q q q q is.co is.co G G all all I-L I-L A A on W on W ,255 s ,708 s 255 s 708 s d d 1 1 1060- 1060- 100 100 . . colmholl colmholl n n AGB 1: 6 AGB 1: 6 1, 1, d d 5DN 5DN o o Y Y r r G NO G NO a a don don N N N B N B 020 7622 9555 020 7622 9555 mal mal 2Y 2Y y y t t AW AW AWI AWI on on R R R R 40 L 40 L T W T W D SCALE D SCALE D D EC EC L L 1 1 our our t t C C ft ft ft ft ft ft

ft ft

q q sq sq sq sq 2 2 1 1 1 sq ft 1 sq ft 10 sq 10 sq 37 sq f 37 sq f 7 7 4 4 508 s 508 s s s m m m m e e q q c c USEABLE SPACE OFFICE USEABLE SPACE OFFICE q q as as ht ht ht ht e e r r ig ig ig ig A A 7 s e e 6 s s s he he he he height height O O m m m m m m m m l l 16.6 s 58.7 s m m s s g g m m d U d U q q q q q q 1 1 e e q q sq sq s s s s q q c c s s ite ite in in 116. 158. cil cil .2 .2 .1 .9 .1 .9

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to to to to Riser Riser A A o o eak eak

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S 2 S 2

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ft ft

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I I E E 4) AL 4) AL 3) AL 3) AL S S MEA MEA 2) M 2) M REV REV NONO NONO 1) AL 1) AL NS NS NS NS LL LL OPE OPE STA STA O O I I O O O O R R I I H H P P S AR S AR

: : S S A A ENT ENT M M ENS ENS N N ENS ENS E E O O AR AR DIM DIM DIM DIM ESES ESES SI SI LCOL LCOL L L L L I I L L TT TT SUREM SUREM A A TATEMENT TATEMENT 4) AL 4) AL S S 3) AL 3) AL MEA MEA 2) M 2) M REV REV NONO NONO 1) AL 1) AL Pump Room Pump Room Plans not to scale. For indicative purposes only and shown without tenants’ fit out. fit out. without tenants’ and shown purposes indicative only For scale. to Plans not R R O O E E FLO FLO D D ROUN ROUN Y Y GHAM GAT GHAM GAT G G D D N N P P KIN KIN ERT ERT ER ER O O 6 B U C K I N G H A M G A T E 6 B U C K I N G H A M G A T E P P UC UC D D W W B B RO RO O O W1E W1E ON ON S S 85 85 L P P L L L E E R O R

BUCKINGHAM GATE O BUCKINGHAM GATE Y Y GHAM GAT GHAM GAT FLO

LO D D H F N N P P KIN KIN ERT ERT O O 6 6

B U C K I N G H A M G A T E B U C K I N G H A M G A T E RT P P Fourth Foor Third Floor Third ACCOMMODATION UC UC D D U IRD B B H RO RO O W1E W1E ON ON S S T 85 85 P F P L L OCCUPATIONAL MARKET COMMENTARY

36 Broadway 80 Victoria Street 62 Buckingham Gate

Verde SW1

Victoria, the largest West End office submarket, was ADDRESS DATE FLOOR SIZE (SQ FT) RENT/SF/YR TERM BREAK DATE TENANT once home to a high concentration of large-scale public sector occupiers, owing to its proximity to Parliament and Whitehall. It has since undergone a radical transformation, 25-27 Buckingham Palace Rd July 2017 2nd 3,471 £67.50 10 years 5th year Cohort with financial services, media, fashion and professional services businesses locating there in the past few years. 80 Victoria Street July 2017 2nd 7,414 £73.00 10 years 5th year DownUnder GeoSolutions The Victoria office leasing market saw c.42% prime rental growth in the five years to Q2 2016 and take-up has remained The Asticus Building, 21 Palmer St July 2017 7th 6,414 £78.00 10 years 5th year Credit Suisse Quantitative and Systematic Asset Management healthy through the end of 2016 through to 2017. This has been demonstrated by a series of recent large transactions 123 Victoria Street May 2017 2nd 9,324 £59.37 To 2023 - CDC Group plc including: PA Consulting at Verde SW1 (58,500 sq ft), Child & Child at Nova North (23,000 sq ft) and The Office Group at

62 Buckingham Gate March 2017 4th 5,301 £70.00 8 .5 years - South 32 Ltd 84 Ecclestone Square (70,000 sq ft).

The vacancy rate in Victoria currently sits at 4.7%, this is Verde SW1 March 2017 Part 1st 5,115 £73.50 5 years 3rd year Marlin Equity Partners Ltd expected to fall as more corporate occupiers continue to relocate from the core markets of Mayfair, St James’s

36 Broadway February 2017 5th 2,780 £68.00 10 years 3rd year Genel Energy and Marylebone, drawn by lower rents and business rates. Importantly for 85 Buckingham Gate, the Victoria and Westminster submarkets continue to suffer from an under- 36 Broadway February 2017 1st 2,794 £65.00 10 years 5th year Tech Partnership supply of high quality smaller floor plates of sub-3,000 sq ft.

22 23 INVESTMENT MARKET COMMENTARY

In H1 2017, total investment volume stood at £4.1bn, Townsend House, Greycoat Place, SW1 Buckingham Court, 75-83 Buckingham Gate, SW1 110 Tottenham Court Road, W1 Craven House, 121 Kingsway, WC2 which is 5% up on the five-year quarterly average. During Q2 2017, the West End saw £1.7 billion transacted, 30% up on the corresponding period last year.

Victoria remains one of the West End’s most sought after submarkets, with relative capital value and rental growth still achievable compared with other nearby opportunities. The area is dominated by large landlords such as Land Securities and Tishman Speyer who continue to strategically manage the Chandos Place, WC2 development pipeline resulting in a continued supply of mixed use schemes featuring large open floor plates. This has resulted in a lack of stock of sub 5,000 sq ft floor plates, like those seen in 19 Dacre Street, SW1 13-14 Buckingham Gate, SW1 smaller properties such as 85 Buckingham Gate.

A major trend in Victoria, during the last five years has been the conversion of office space to alternative uses, most notably residential. As a result, the availability of small commercial freehold opportunities, such as 85 Buckingham Gate, is rare.

ADDRESS DATE SIZE TENURE TENANTS PRICE PURCHASER

£18.50m Private Hong Kong Townsend House, Greycoat Place, SW1 September 2016 17,683 sq ft (NIA) Freehold London Underground Limited 3.07% NIY Investor £1,046 psf

£17.65m – Off market 19 Dacre Street, SW1 May 2016 17,342 sq ft (NIA) Freehold Colas Rail Limited 3.34% NIY Floreat Real Estate £1,017 psf

£16.94m Private Residential 13-14 Buckingham Gate, SW1 October 2015 12,747 sq ft (NIA) Freehold Multi let 2.57% NIY Developer £1,329 psf

£15.0m Cheval Property Buckingham Court, 75-83 Buckingham Gate, SW1 August 2015 16,060 sq ft (NIA) Freehold Multi let 2.90% NIY Management £934 psf

£24.0m Private European 110 Tottenham Court Road, W1 April 2017 15,863 sq ft Freehold Multi let 4.01% NIY Investor £1,512 psf

£23.0m Private Chinese Craven House, 121 Kingsway, WC2 February 2017 21,816 sq ft Freehold Multi let 3.54% NIY Investor £1,054 psf

£23.5m (Quoting) Chandos Place, WC2 Available 19,504 sq ft Freehold Regus Group 4.00% NIY Private Investor £1,205 psf

24 25 FURTHER INFORMATION

PLANNING CONTACT

A planning appraisal has been produced by Quod, dated August For further information or to arrange an inspection 2017. It concludes that 85 Buckingham Gate has not been please contact: identified as being of national or local heritage significance and it is likely, therefore, that proposals for regeneration of Christopher Strong the site that will optimise its potential and make a greater T. 0207 911 2080 contribution to the success of London as a world-class city [email protected] would be supported in planning policy. A copy of the full report is available on request. Ginny Cordy-Redden 020 7911 2735 EPC [email protected]

D Patrick O’Keeffe 020 7911 2768 VAT [email protected]

We understand that the property is elected for VAT Charles Walker T. 020 7911 2687 DATA SITE [email protected]

Please contact GVA for access to the data site

PROPOSAL GVA Price upon application Berkeley Square House, Berkeley Square, London W1J 6BR

GVA is the trading name of GVA Grimley Limited an Apleona company.

September 2017 GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions:

1. The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract.

2. All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.

3. No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure.

4. All prices quoted are exclusive of VAT.

5. GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.

0207 911 2779 gva.co.uk/0000

26 27 85buckinghamgate.com