LONDON W11
NOTTING HILL GATE ESTATE
LONDON W11
1
92-144 NOTTING HILL GATE & 9 PEMBRIDGE ROAD
47-69 NOTTING HILL GATE
15-35 NOTTING HILL GATE & 206 KENSINGTON CHURCH STREET
146-166 NOTTING HILL GATE
3 NOTTING HILL GATE ESTATE
Estate Investment SUMMARY
Very rare opportunity to acquire a 70% of the retail income is leased off significant 3.11 acre freehold estate rents between £100-£175 ITZA offering representing one of the very last major significant asset management opportunities redevelopment opportunities in one of the with recent Notting Hill Gate rents now world’s wealthiest districts achieving in excess of £225 ITZA
The Royal Borough of Kensington & Average office rents on the Estate are Chelsea, in which the properties lie, is £25.57 per sq ft which we consider to be one of the most exclusive areas of London highly reversionary with the highest average house prices in the UK and the highest earnings per Significantly the site is identified by household Royal Borough of Kensington & Chelsea in a recently produced Supplementary Notting Hill Gate is a strategic arterial Planning Document as an area suitable for link between Holland Park, Notting Hill redevelopement and increased massing and Kensington three of London’s most sought after property locations A study has been undertaken by a team of professional advisors confirming the Estate The Estate forms the prime retail offer has significant redevelopment potential and has over 385 metres of prime frontage making up over 50% of the A scheme prepared by Squire & Partners whole Notting Hill Gate retail frontage architects supports the potential for a and over 35% by number of shops mixed use phased redevelopment of circa 40,000 sq ft on the West holding and The freehold Estate currently comprises extending the envelope of North, South and four holdings totalling 164,882 sq ft with East holdings by circa 55,000 sq ft diverse uses including retail, offices, leisure, residential and car parking Each property is available separately or at a combined guide price of £210 million, The Estate has a contracted rent of subject to contract £6,813,198 per annum and comprises 81.5% income by retail and 15.7% income The freeholder will also consider a sale of by offices the Jersey Property Unit Trust that holds the assets
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THE FREEHOLD ESTATE SITS BETWEEN KENSINGTON, NOTTING HILL, HILLGATE VILLAGE, HOLLAND PARK AND KENSINGTON PALACE GARDENS, SOME OF THE FINEST RESIDENTIAL IN LONDON
5 NOTTING HILL GATE ESTATE
LOCATION
The properties are located on Notting Hill Gate bars making the area a popular lifestyle choice for immediately to the front of 47-69 Notting Hill in the Royal Borough of Kensington and Chelsea, local residents as well as attracting visitors from Gate, providing convenient and direct access to NOTTING HILL, London W11. Notting Hill Gate forms a main wider London and beyond. Bond Street (7 minutes), Victoria (10 minutes) and ALONG WITH THE strategic link and sits on an axis between Notting Liverpool Street (19 minutes). SURROUNDING AREAS Hill/Portbello/Westbourne Terrace to the north, Notting Hill Gate benefits from proximity to both OF HOLLAND PARK Holland Park Avenue to the west, Marble Arch/ Hyde Park and Holland Park as well as an extensive The closest main line station is London Paddington AND KENSINGTON, Oxford Street to the east and Kensington/Hillgate range of cultural destinations including; the new (1.1 miles) which provides national train links as well IS INTERNATIONALLY Village to the south. home of London’s Design Museum in Holland Park, as the Heathrow Express. It will also be the location RECOGNISED AS ONE the Serpentine Gallery in Kensington Gardens, and of a Crossrail station providing direct access to Notting Hill, along with the surrounding areas of the Museum Quarter in South Kensington. Liverpool Street (10 minutes), Canary Wharf (17 OF LONDON’S MOST Holland Park and Kensington, is internationally minutes) and Heathrow (30 minutes), scheduled to TRADITIONAL, AFFLUENT recognised as some of London’s most traditional, The properties are well served by public transport open in 2018. AND FASHIONABLE affluent and fashionable addresses. All three areas with the entrance to Notting Hill Gate underground ADDRESSES provide an eclectic mix of shops, restaurants and station (Central, District and Circle lines) situated
6 LONDON W11
The area is well served by buses which stop on Notting Hill Gate, Kensington Church Street and Pembridge Road and provide routes to and from South Kensington, Chelsea, Knightsbridge, Charing Cross, Kings Cross, Camden Town, Kensal Rise, Chalk Farm, Wandsworth and Clapham.
Holland Park Avenue also allows for quick connection to the A4 (Heathrow Airport, 14.4 miles) and A40 as well as forming part of an arterial route east into the heart of London.
7 NOTTING HILL GATE ESTATE
LONDON
London commands a position as one of the world’s • Highest number of billionaires of any city in the • Regarded as one of the world’s best dining • Heathrow Airport is the world’s busiest airport most international cities. This is due to a number of world destinations and home to two of the top 10 and covers an area larger than the Royal fundamental aspects: Michelin star restaurants Borough of Kensington and Chelsea, handling • Optimal time zone link between Asia and the 80% of all long-haul passengers travelling to the • Largest city in the United Kingdom and Europe Americas which maintains its position as an • Home to 43 universities, the largest concentration UK international trading market, along with its of higher education in Europe and attracting • Population includes 8.4 million people, predicted balanced economy and political stability 110,000 international students every year • 3.5 million passenger journeys are made to increase by 37% to 11 million by 2050 everyday on the Tube, covering a network of 270 • Consistently rated as the best place in Europe to • Welcomes almost 25 million visitors annually who stations and a route of 250 miles • Sixth richest city in the world, generating more do business with 75% of Fortune 500 companies spend in excess of £19 billion than a fifth of the total UK economy and is operating from London London combines prestige, history, culture, political forecast to expand by 15% over the next five • Host to three of the world’s top 10 art galleries stability and strong economic cultivation; producing years • Forms the investment banking hub of Europe and along with being home to illustrious culture a dynamic and enduring place to visit, invest and capital of the international Insurance market attractions such as the Royal Albert Hall, Victoria reside. & Albert Museum, Natural History Museum and the British Museum
8 LONDON W11
ROYAL BOROUGH OF KENSINGTON & CHELSEA
The Royal Borough of Kensington and Chelsea is Today, Kensington and Chelsea retains its status world renowned Imperial College University, annual Highly fashionable shops, exclusive restaurants, known as London’s most exclusive location; covering as London’s most exclusive and expensive borough events such as the Chelsea Flower Show and bars and hotels make the area a leading location in an area of only 12 square miles it is both the smallest in which to live, with its residences playing host to Notting Hill Carnival as well as the excellent retail London for business, with 18,000 companies based and most populous borough in London. the highest earnings per household in the UK. A and leisure opportunities, all assist with attracting in the Royal Borough employing 120,000 people. combination of attractive traditional housing stock substantial tourism. Tourists to the area are thought The Royal Borough of Kensington and Chelsea alongside some of the best retail, leisure and culture to generate a total of over £3 billion per annum into The traditional composition of the borough means has increased in popularity steadily since 1689 amenities in London make it an attractive place for the local economy, with 60% of that expenditure that 70% of the area falls within Conservation Area when it became the location of Kensington Palace, both national and international wealth to reside and made by UK based visitors. planning restrictions, which along with the protective home to the Royal Family. The majority of the area invest. planning system, mean opportunities for new was comprehensively developed from the mid Due to its wealthy local residents, popularity as a development are very limited. 19th Century onwards for London’s elite, which is The Royal Borough is home to many of London’s tourist destination and easy connection to London’s reflected in the grandeur of the buildings and the most well known attractions including the ‘Museum West End and City, the area benefits from an availability of green open spaces in the form of Quarter’; the location of the Natural History, Victoria eclectic leisure and retail offering which blends local parks and garden squares. & Albert and Science Museums, which along with independent business with large global brands.
9 10 11 W WESTWAY T EST 4 RD S WAY A40 WFO CRA
PADDINGTON Y S A E W ROYAL OAK Y ST M E E O W D 2 U LADBROKE GROVE B41 G R W W P O L A ST O R ORGE N E A D E G A 4
R U L Y 1 N A E D D V S W O 4 T GR N L 0 S I 2 NE 5 E N R E E A U W O B T D S Y E V
Q W R
E A S
U P
R G T O ST E N R X U E O R E M A D E S EY T A N S 2 S KE O S O S 1 L S U 9 R A B W S
N T T E E E D RE S L G A E ST B L D I Y R R N O D O R I XF R O O R G R A B MARBLE ARCH K T O O C E A M BAYSWATER P N E D E A G P A P R R R K O K
R S V O T E A D NOTTING HILL LANCASTER GATE W
CR D LADBROKE ATER R QUEENSWAY BAYSW SQUARE O
C S A S NOTTING HILL GATE R R KENSINGTON RI
T A P E GARDENS G A EAST WEST E R K D HYDE
R L K I PARK A V E N N E KE S E I N N E G V HOLLAND PARK S A T K I AR N O P P G A ND N LA T R L P O O K H NORTH SOUTH A SHEPHERDS BUSH N KENSINGTON L L A C A C PALACE H E N U
G E R THE SERPENTINE C A R H ST D KENSINGTON E N
S HYDE PARK CORNER HOLLAND PARK SERPENTINE GALLERY GE BRID HTS T IG REE D A315 KN H ST ENSINGTON R GH K O HI 15 L N A3 KNIGHTSBRIDGE L O HIGH STREET KENSINGTON A GT N IN ROYAL ALBERT D NS A D KE O R HALL R O N A TO D P M O R B KENSINGTON
12 W WESTWAY T EST 4 RD S WAY A40 WFO CRA
PADDINGTON LONDON W11 Y S A E W ROYAL OAK Y ST M E E O W D 2 U LADBROKE GROVE B41 G R W W P O L A ST O R ORGE N E A D E G A 4
R U L Y 1 N A E D D V S W O 4 T GR N L 0 S I 2 NE 5 E N R E E A U W O B T D S Y E V
Q W R
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R G T O ST E N R X U E O R E M A D E S EY T A N S 2 S KE O S O S 1 L S U 9 R A B W S
N T T E E E D RE S L G A E ST B D I L Y D R R N O O R I F Notting X R O O R G R A B MARBLE ARCH K T O O C E A M BAYSWATER P N E D E A G P A P R R R K O K
R S V HILL O T E A D NOTTING HILL LANCASTER GATE W Notting Hill is a cosmopolitan and highly desirable area of west CR D LADBROKE ATER R London, located within the Royal Borough of Kensington and QUEENSWAY BAYSW NOTTING HILL’S MOST SQUARE O Chelsea.
FAMOUS ATTRACTION C S A S Notting Hill was subject to comprehensive redevelopment in the IS THE CARNIVAL, AN NOTTING HILL GATE R R KENSINGTON RI 1840’s by James Weller Ladbroke whose aim was to transform ANNUAL FESTIVAL HELD T A P E GARDENS G A the area into a fashionable suburb of the capital. The masterplan EACH AUGUST BANK E R included the creation of large private communal gardens enclosed K D HYDE HOLIDAY SINCE 1966
R L by terraces and crescents of houses, the majority of which are now K I PARK A V E N N Grade II listed and much sought-after prime property within central E PORTOBELLO MARKET K S E London. Notting Hill Gate to the south of the area is an exception to E I ATTRACTS OVER 5 N N E G this rule having been redeveloped in the late 1950s. V HOLLAND PARK S MILLION VISITORS A A T K I AR N O P P G A YEAR ND N Notting Hill’s most famous attraction is the Carnival, an annual LA T R L P O O K H A festival held each August Bank Holiday since 1966. The Carnival SHEPHERDS BUSH N KENSINGTON L L A attracts around 1 million people, making it one of the world’s largest C A C PALACE H E N street festivals. The procession illustrates London’s multi-cultural U
G E R THE SERPENTINE diversity, unity and vitality and it is estimated to bring in excess of C A R £93 million into the local economy. H ST D KENSINGTON E N Portobello Road is Notting Hill’s other most well known feature, S SERPENTINE HYDE PARK CORNER stretching from Golborne Road to Westbourne Grove. It began as HOLLAND PARK a fresh food market in the 19th Century but is now well known for its GALLERY GE BRID wide variety of stalls and in particular antiques and vintage clothing. HTS The market attracts over 100,000 visitors per week, enhancing the T IG REE D A315 KN footfall throughout the neighbouring area. H ST ENSINGTON R GH K O HI 15 L N A3 KNIGHTSBRIDGE The long standing fashionable reputation of Notting Hill along with L O HIGH STREET KENSINGTON A GT the increasing affluence of the local residents has encouraged the N IN ROYAL ALBERT D NS A emergence of a major retail destination along Westbourne Grove D KE HALL O R R which hosts prestige brands along with chic independent boutiques. O N Its unique and sophisticated village feel attracts shoppers from A TO D P across London. M O R B KENSINGTON
Not to scale - for identification purposes only 13 NOTTING HILL GATE ESTATE
Fig 1 DESIGNER DOG & CAT OUTFITTERS AT MUNGO & MAUD
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Fig 2 WESTBOURNE GROVE
Fig 3 PEMBRIDGE ROAD
Fig 4 PORTOBELLO ROAD
15 W WESTWAY T EST 4 RD S WAY A40 WFO CRA
PADDINGTON Y S A E W ROYAL OAK Y ST M E E O W D 2 U LADBROKE GROVE B41 G R W W P O L 5 A ST O R ORGE N E A D E G A 4
R U L Y 1 N A E D D 19 V S W O 4 T GR N L 0 S 8 I 2 NE 5 E N R E E A U W O 2 9 B T D S Y E V
Q W R 23
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R 13 G T O ST E N R 14 3 17 X U E O 4 R 4 21 E M A 7 15 18 10 D E S EY T A N S 2 16 S KE O 11 S O S 1 L 2 S U 9 1 R A B W S N 12 T T E 5 E E D RE S L 6 G A E ST B L 3 D I Y R R N 1 O D O R I XF R O O R G R A B MARBLE ARCH K T O O C E A M BAYSWATER P N E D E A G P 22 A P R R R K O K
R S V O T E A D NOTTING HILL LANCASTER GATE W
CR D LADBROKE ATER R 2 QUEENSWAY BAYSW SQUARE O
C S A S 10 R R KENSINGTON RI
T 11 A P G E GARDENS A 29 NOTTING HILL GATE E R 13 K D HYDE 8 6 7 10 R L 30 9 6 K 25 I PARK A V 9 12 12 E N N 31 E KE S E I N N E 4 G V HOLLAND PARK S A T K I 7 AR 3 N O P P G A ND N LA 5 T R L P O O K H A SHEPHERDS BUSH N KENSINGTON L L A C A C PALACE H E N U
G E R THE SERPENTINE C A R H ST D KENSINGTON 24 E N
S 26 8 HYDE PARK CORNER HOLLAND PARK 27 SERPENTINE GALLERY GE 28 BRID HTS T IG REE D A315 KN H ST ENSINGTON R GH K O HI 15 L N A3 KNIGHTSBRIDGE L O HIGH STREET KENSINGTON A GT N IN ROYAL ALBERT D NS A D KE O R HALL R O N A TO D P M O R B KENSINGTON
Not to scale - for identification purposes only 16 Fig 1 DAYLESFORD ORGANIC
Fig 2 L.K BENNETT & MAX MARA
Fig 3 JOSEPH
Local CULTURE
Retail 16. Aubade / Bonpoint Cafes & Restaurants Pubs & Other Culture 1. Paul Smith 17. Whistles / Scotch & Soda 1. Daylesford Organic 1. The Duke of Wellington 2. Whiteleys 18. Diptyque 2. Gelato Mio 2. Electric Cinema 3. Melissa Odabosh / Anya Hindmarch 19. Planet Organic 3. Gails / Casa Nova 3. The Churchill Arms 4. Zadig & Voltaire 20. Artisan du Chocolat / Devon&Devon 4. Honest Burger 4. The Kensington Wine Rooms 5. Vilebrequin 21. Space NK 5. The Ledbury 5. Windsor Castle 6. Aesop / Club Monaco / Comptoir des Cotonniers 22. Judy Fox Antique / The Portobello Antique Store 6. Kensington Place 6. The Mall Tavern / Helmut Lang 23. Kurt Geiger / Cath Kidston 7. Clarke’s 7. The Mitre 7. Joseph / Toms / For All Mankind 24. Jimmy Martin 8. Maggie Jones’s 8. Coronet Cinema 8. Diane von Furstenberg 25. Patrick Sandberg / Butehoff / Denton/Tempus 9. Starbucks / Paul 9. Gate Theatre Antiques 9. Matches 10. New Corbyn & King Restaurant 10. Gate Club 26. Cologne and Cotton 10. Brora 11. Ottolenghi 11. Notting Hill Arts Club 27. Reiss 11. Heidi Klein 12. Pizza Express 12. Notting Hill Farmers Market 28. Neals Yard / Sweaty Betty / Space NK / LK 12. Wolf & Badger 13. Le Pain Quotidien Bennett 13. Jojo Maman Bebe 29. Sophie Gass 14. Sandro 30. Lords of Notting Hill 15. The Kooples / Jigsaw / Brissi 31. Jeroboams
17 NOTTING HILL GATE ESTATE
Transport CONNECTIONS
Lying in the heart of the Borough the Estate benefits from excellent public King’s Cross transport links. St. Pancras Paddington Marylebone Great Notting Hill Gate Underground provides excellent access to the rest of Baker Portland Euston Street Street London via the tube network. The station which caters to 17 million users a year has two entrance and exit points, both immediately adjacent to the Edgware Road Warren Estate. The station connects with the Central, District and Circle Lines. Street Regent’s Farringdon Crossrail Park The station is within ten minutes from the new Crossrail station currently (from 2018) under construction at Bond Street (Jubilee and Central lines) and Goodge Tottenham Barbican Street Court Road Paddington. This exciting new project, due to open in 2018, will provide Queensway Liverpoolaccess to Heathrow Airport in 33 minutes and Canary Wharf in just 12 Streetminutes. The property is also situated less than a ten minute walk from Holland Park Bond Oxford Holborn Notting Street Circus Bank Holland Park Tube station (Central line). Hill Gate Green Park As part of the Strategic Road Network the Property sits on a main north/ High Street south and east/west axis with frequent bus connections to Marble Arch, Kensington Piccadilly Leicester Circus Square Kensington, Knightsbridge, Shepherd’s Bush and Ladbroke Grove via Notting Knightsbridge Hill Gate, Holland Park Avenue, Pembridge Road & Kensington Church Charing Street. South Cross Kensington Victoria Paddington Station is situated just over a mile away, and provides direct Earl’s access to national overground train lines and the Heathrow Express. In Court Sloane Westminster Embankment Square addition,London Bridge numerous bus routes pass along Notting Hill Gate and Kensington Church Street. Waterloo
Not to scale - for identification purposes only CENTRAL, DISTRICT & CIRCLE LINE SERVICES CONVERGE AT NOTTING HILL GATE & SERVE 17 MILLION USERS ANNUALLY
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28
328 31
70 Not to scale - for identification purposes only 452 27 52 Westbourne Grove Queensway Bishop’s Bridge Road St Mary’s Westbourne Terrace Hospital
Westbourne Grove Bishop’s Bridge Road Paddington Edgware Pembridge Villas Chepstow Road Porchester Road Kensington Park Road Westbourne Grove Terrace North Elgin Crescent Pembridge Villas Queensway Whiteleys Chepstow Crescent 390 C
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Stanley Gardens M L I N
I R B N Goodge Street K D I Bayswater EN C P R D E A S E I N I D E N M R N G G D T B G O E E N R G A G G Bayswater P I A R D A D A D Road A R G R R N K ENS E Bayswater Road D D R E N S Orme Square D E S . Leinster Terrace . N R
S M LADBROKE RD. O Bayswater Road A Lancaster Gate D GATE Tottenham Court Road HILL N B ING Queensway Lancaster Gate C NOTT K H G Bayswater Road Holland Park C E A K H N R P Victoria Gate D A Avenue Holland TE U S T A L G G R I E E
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Royal Crescent Park D L C Bayswater Road L C G I R
H H S E NG T . Hyde Park Street TTI O 148 NO Notting Hill S N H T I . Oxford Street E L P Gate A L Marble Arch Holland Park Holland Park G L Wardour Street 94 A A C Avenue Avenue T F E E Norland Square Holland Park K Oxford Street S E G Selfridges for Bond Street T N . A
S RD E I PLAC N TON G E Knightsbridge Park Oxford Circus G N NSIN T Lane E O K P S T N REE T ST E C EN R Regent Street D H Hyde Park MP R Kensington Road A U C A Corner R X C Rutland Gardens C E E H Piccadilly Circus RAC TER S Sloane Victoria LD T FFIE R Kensington Road Square SHE E 52 94 Lower Regent Street ET Prince of Wales Gate Charles II Street Kensington Church Street Victoria Street York House Place/Kensington High Street Westminster Kensington Kensington Royal Chelsea Bridge Road for Abbey and 27 Kensington High Street High Street Kensington Road Albert Hall Lister Hospital Houses of Parliament Olympia Earl’s Court Road Phillimore Gardens Palace Gate
County Hall 28 Kensington for London Aquarium, High Street High Street Kensington Kensington Road Palace Queen’s Gate London Eye and Warwick Gardens Kensington 70 Battersea Park St Thomas’ Hospital
452 148 328
NOTTING HILL GATE IS A MAJOR BUS INTERCHANGE OFFERING NORTH/SOUTH & EAST/WEST LINKS
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E R E 5 a The Notting Hill Estate is a unique and rare opportunity to purchase a 3.11 acre freehold in one of the wealthiest areas • 37 retail and restaurant units • Over 45% of the 4 tenant mix comprises I l 24 AC 7
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P b T 1 3 2 A a 1 7 L G 2 L S L A A IL in prime central London. ta H comprising 119,602 sq ft national occupiers
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3 14 2 17 Lion 4 5 1 6 The Estate comprises four parts; North, East, South and 0 West.
House 1 48
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16 6 16
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S H T s 5 s S n Site (acres) Area (sq ft) Rent Rental Value 7 Av. Retail Av. Offices ' L e E a H PLAC g the offices M E N r G O o D 14
I • 49 residentialT flatse on medium term E 5
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North 1.80 0 81,535 £3,426,260 £4,440,000 £182 ITZA £25.03 psf
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D 1 7 0 7 E 4 1 1 4 7 The existing composition and tenancies
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• 92 residential flats on long term leases u 6
2 a t West 0.69 15,132 £767,702 £875,000 £138 ITZA - 1 mean that the Estate2 offers a diverse mix of
34.2m 18 GDNS Fox Cottage 1 to 4 e L 75 HIL South 0.23 25,534 £1,091,745 £1,480,000 £168 ITZA £22.50 psf • 91 surface car parking spaces opportunities to enhance both the capital and rental value of the portfolio through asset East 0.39 42,681 £1,527,491 £1,830,000 £127 ITZA £28.62 psf • 47 tenants overall management and development. Tota l 3.11 164,882 £6,813,198 £8,625,000 £172 ITZA £25.57 psf • 5 different uses
20 LONDON W11
INCOME BY USE UNEXPIRED TERM
12.00
10.00 RETAIL 8.00 OFFICE
RESIDENTIAL 6.00
PUB 4.00 CLUB
MISCELLANEOUS 2.00
0.00 Unexpired term (yrs) Unexpired term certain (yrs) Retail 10.0 8.9 Office 3.7 2.3
RETAIL RENTAL TONE £ / ITZA OFFICE RENTAL TONE £ / PSF
70% OF THE RETAIL INCOME IS LEASED OFF RENTS £0-£100 BETWEEN £100-£175 ITZA £0-£15 £100-£125 OFFERING SIGNIFICANT ASSET £15-£20 MANAGEMENT OPPORTUNITIES £125-£150 WITH RECENT NOTTING HILL £20-£25 £150-£175 GATE RENTS NOW ACHIEVING IN £25-£30 EXCESS OF £225 ITZA £175-£200 £30-£35 OVER 80% OF TOTAL INCOME £200-£225 IS CURRENTLY DERIVED FROM RETAIL OCCUPIERS
21 NOTTING HILL GATE ESTATE
22 LONDON W11
Property OVERVIEW
23 NOTTING HILL GATE ESTATE
92-144 NOTTING HILL GATE, UNITED HOUSE, 9 PEMBRIDGE ROAD CAMPDEN HILL TOWERS, 122 NOTTING HILL GATE IVY LODGE, 112 NOTTING HILL GATE North
O
5 1 A D 34c
P L
P
a E I L NDE 11 b E 34 M I 2 NDE
8 M
B 7
1 B 1 3 R a N 34 R I N
D 2 I GAR 1 D
G 1 GAR
G
E T 5 E Hostel
D R 3
D G E O
4
A N E
8
A 5
R N S 7 D
D S 2 tel 2 E Ho CRESCEN N 18 S
1
9 7 1
Y 3 UR
7 B
R l 0
2 hoo 2 5 c 4
4 HO S 2 Hotel 0 y
a K 1 1 e 7 n und si S E n AR l g G im to EN
1 n D
3 P IN 1 T 5 L
e e 8 n 25 C t m hu e p r co l
ch s e
The ta 8
2 Mercury l 3 S 8b
HO u
rg
8 7
R 6 2 e B r U 1 y 2 2 2b 5 R 10 4 30
Y 1 2 WS M 1 ME
EW 3 N
1 LINDE 1 S 14 1
OAD 2 Hotel LADBROKE R 4 16 18 2 rt ou C b
FB den 20 24 5
w 2
3
2 7
Bo 2 S 3
1 2 W 0 0 R E 1 26 a M
d
1 R Bank
E f 4 0 o 9 3 24 M L r U d Accommodation
B
Ho
5
5 3 5 6 u 3
s 24 rt Prince e B u 1 o 4 P an Bank
n C MEWS
O e MER Albert 6 4
BUL 1 4 5 d 1 k
w 9 Description 46
o (PH)
6 1 7
1 Use 48 Area (sq ft) Rental Income WAULT
a 3
6 P 50 1 E El Sub Sta C
M y
3 92-144 Notting Hillcl Gate and 9 Retail 70,777 £3,088,100 12.5
B e 1 Hi 5 R 60
r
I 2 e D
V Pembridge Road comprisesS a
G
I t
a 2
C Depot 3 Offices 10,758 1 £269,310 3.7
E ti 4 2
T 7 8 1
o 5
o 72 t
O n 2
6 R 70 7
R major island site of 1.80 acres on 2 I O 9 A
A G Bank
D
2 A 3 Bank the north side of Notting Hill Gate 5 R n D 78 tatio 2 S E te She 0 Ga 5 N ill Tenure Asset Management 1 H 7 ing S withPH a 0principal frontageott of 170 Bank 88 8 N L 90 MAL 8 T 8 ES 92 metres and a return frontage of W o 4 t 9
1 1
5 Campden 96 stley House
Freehold.3 A 1. Conclude the 4 ongoing rent reviews.
9
8 S t 9 o
4
Hill 0 u 1
7 El Sub Sta 10 30 metres. b 2 4 E w 7
Towers 1 02 AT 0 a El Sub Sta 7 PH
G 6 9
4 y 10 3 1
ILL 1 0 7 1 06 G H 2 1 to 2. 144 Notting Hill Gate lease expires in C 08 TIN E 12 1 OT rt 1 110 N Tenancies Cou
1 5 lk
2 a 2
to 7 dw 0
The western boundary is defined 1 Broa June 2015 and 108-110 Notting Hill to 2
1 14
5
5 2
9
3 4 3
2 18 3 1 0
0 2 KENSINGTON CHURCH STREET
2 4 0
1 by a pedestrian access to Victoria 5 Gate expire in June 2018.
24 1 6
odge 9 Retail held under 14 leases to 14 tenants
G Ivy L 3 8 7 a 3 1 t t t 4 o e 3 Gardens. R
1 David Game 1 o 9 4
0
A 3. United8 House first floor office lease
H 3 College
8 with weighted unexpired term of 12.5 22 t 0 7 B
il 3 o
5 l BIT
8 1 Mall
44 9 1 6 Co 1
2 9 5 9
6 to 1 1 Works e PO 0
1 4 9 ombyears. Offices leased to 3 tenants expires in September 2015.
3
u ewc R Chambers 3
6
4 9 N to rt 15 5
TCBs OW
1 58 Cinema 2
e 6
s 1
62 u 8
1 3
4 10 o 6 H t
1 1
9 o
3 on leases at an average overall rent 2
4 4 4 4. There are 35 unextended residential
2
2 4 1
t
1 o
a 1 reflecting only £25.03 per sq ft. The total2 18 1
9 leases expiring in 2057. We anticipate
37 8
1 3 1 3
2 1
1
L 7
IL 3 9
1
H 2 1
TTING 1 current income is £3,426,260 per annum.
NO 2 £5.25million can be secured from
t o 7 1
3 1 L
2 Cinema L
1 A 1
3
1 1
2 3 5 6 2
TE 9 M
GA 1 1 3
9 T F N 1
4 future residential lease extensions.
3 A 18 O
1 T 4
5 REE
1
3 T 2
7 R G
S 5 1
4 N 1
1 E I 4
7 M 1 4
9 IDG S
ER 1 R 5
3 1
7 KEN 15
7 UXB 7 1 5 e 9 l 7 4 ly S Car
7 t
1 2 T o
1 s
9 1
3 3 ont io
R 18 2 s 6 1 9 an2 EE M
0
1 1 J
1 T A 1
2 6 1 M
1 2
3
4 E
2
1
9 0
24 t
5 o S L
1 0 2
PH 4 UCE
6 O 1
1 2 3 2 N 0
7 to 1
8 1
S 0 R
2 1 8 1 T n de N 1 R p 8 am E E C
s M 1 n
3 E sio 7 1 T n 2 9 a E 2 M
1 9 W 5
5 5 1
H 0
6 S
I 2 1
o L t 1 2 Ro yston
L N 1
18 5
6
2 G 10 E 9 6 1
W 9
A B S Court 1 CA 4 B a T
T CO
0 p e 1
E R 6 5 4
1 tist t
L h 6
2
2 EE S e 6 L 1 M 1 s 1 CO T C
1 d T B
2 R 2 hape 1 a 8 E 1 L E 1 T 6 1 6
i E 2 4 n 84 a T
t 1 T l
o S 3 1 7
n T 2 1 C 18 2 R 3 1 H A 2 2
E 2 2 6 1 5 0 o M 5 E 11 u PD 1 18 T 1 a 2a s 1 2
0
e E
2 F 1 The St udio N 5 PH A 6 House 7 H
E R E 5 a I l 24 AC 4 7
L M L S P 1 L
u
P E S
P b T 1 3 2 A a 1 7 L G 2 L S L A A IL ta H
C 0 C 1
2
1 2 1 5 E E 3 7 b
8 1 1 1 5 8 to
5 0
2 3
3
4 6 13
3 14 2 17 Lion 4 5 1 6
0 House 1 48
8 1 2
16 6 16
2 8
6 1 3 C 8 0 4 4 1 4 5 1
4 A 4 4
M 1 1
2 4 o ll
t i o P 1 1 H
H n t 64
D
e 7
I 0 d 14 1 6 3 L E 3 2 T 1 s 2 mp 2
L ll a n 1
N E a REE C i o
S H T s
5 s S n L 7 e' E a H PLAC g M E N r G
O o D 14 I e E 5
I L 4 T G 7
G 2 G t 3 0
L N S
4 7 I
1 7 S H G 36
KEN
R A
1 0 5
O R 4 1
5 0
3
1 D 3
A 1 7
2 5 3 8
D 1 7 0 7 E 4 1 1
4 7 I 2 3 1 N 30 n
s 1
S 6
4 4 t 1 1 1 9 i
t 3
u 6
2 a t 1 2
34.2m 18 GDNS Fox Cottage 1 to 4 e L 75 HIL LONDON W11
DAVID GAME HOUSE 47-69 NOTTING HILL GATE
South
O
5 1 A D 34c
P L
P
a E I L NDE 11 b E 34 M I 2 NDE
8 M
B 7
1 B 1 3 R a N 34 R I N
D 2 I GAR 1 D
G 1 GAR
G
E T 5 E Hostel
D R 3
D G E O
4
A N E
8
A 5
R N S 7 D
D S 2 tel 2 E Ho CRESCEN N 18 S
1
9 7 1
Y 3 UR
7 B
R l 0
2 hoo 2 5 c 4
4 HO S 2 Hotel 0 y
a K 1 1 e 7 n und si S E n AR l g G im to EN
1 n D
3 P IN 1 T 5 L
e e 8 n 25 C t m hu e p r co l
ch s e
The ta 8
2 Mercury l 3 S 8b
HO u
rg
8 7
R 6 2 e B r U 1 y 2 2 2b 5 R 10 4 30
Y 1 2 WS M 1 ME
EW 3 N
1 LINDE 1 S 14 1
OAD 2 Hotel LADBROKE R 4 16 18 2 rt ou C b
FB den 20 24 5
w 2
3
2 7
Bo 2 S 3
1 2 W 0 0 R E 1 26 a M
d
1 R Bank
E f 4 0 o 9 3 24 M L r
U d
B
Ho
5
5 3 5 6 u 3
s 24 rt Prince e B u 1 o 4 P an Bank
n C MEWS
O
e MER Albert 6 4
BUL 1 4
5 d 1 k w 9 46
o (PH)
6 1 7
1 48
a 3
6 P 50 1 E
El Sub Sta C
M y Accommodation 3 cl
B e 1 Hi 5 R 60
r
I 2 e D
V S
G
I t
a 2
C Depot 3 1
E ti 4 2
T 7 8 1
o 5
o 72 t
O n Description 2
6 R 70 7
R Use Area (sq ft) Rental Income WAULT 2 I O 9 A
A G Bank
D 2 A 3 Bank
R n 5 D 78 tatio The property comprises a Retail 11,012 £765,000 4.1 2 S E te She 0 Ga 5 N ill 1 H 7 ing S PH 80 Nott Bank 88 prominent islandLL site on the 90 MA Offices 14,522 £326,745 3.9 8 T 8 ES 92 W o t 94
southern side of Notting Hill Gate
1 1
5 Campden 96 stley House
3 A
9
8 S t 9 o
4
Hill 0 u 1
7 El Sub Sta 10 b 2 4 E w 7
Towers 1 02 AT 0 a Ewithl Sub Sta a principle frontage of over 7 PH
G 6 9
4 y 10 3 1
ILL 1 0 7 1 06 G H 2 1 to C 08 TIN Tenure Asset Management E 12 1 OT rt 1 110 N 75 metres. Cou
1 5 lk
2 a 2
to 7 dw 0
1 Broa to 2
1 14
5
5 2
9
3 4 3
2 18 3
1 0
0 2 KENSINGTON CHURCH STREET 2 4 0 1 5
24 Freehold. 1. Consider date for vacant possession. 1 6 odge 9 The property comprises3 9 retail
G Ivy L 8 7 a 3 1 t t t 4 o e 3 R
1 David Game 1 o 9 4
0
H 3 College A 8 8 22 units of 11,012 sq ft arranged over 2. Under utilised ancillary retail space t 0 7 B
il 3 o
5 l BIT
8 1 Mall
44 9 1 6 Tenancies Co 1
2 9
5 9
6 to 1 1 Works e PO 0
1 4 9 omb
3 ground and first floor 3 and two lies at first floor level and this
u ewc R Chambers
6
4 9 N to rt 15 5
TCBs OW
1 58 Cinema 2
e 6
s 1
62 u 8
1 3
4 10 o 6 H t 1 1
9 o
3 floors of offices 2 above of 14,522 should be incorparated into future
4
4
4 Retail held under 9 leases to 8 tenants
2
2 4 1
t
1 o
a 1 18 sq ft. 2 development plans. 1
9
37 8 with an average weighted unexpired
1 3 1 3
2 1
1
L 7
IL 3 9
1
H 2 1
TTING 1
NO 2 term of 4.1 years. David Game House 3. 47 Notting Hill Gate expires in June t o 7 1
3 1 L
2 Cinema L
1 A 1
3
1 1
2 3 5 6 2
TE 9 M
GA 1 1
3
9 T F N 1 4
3 18 O
A held on a single lease at a passing rent 15 and consideration should be made
1 T 4
5 REE
1
3 T 2
7 R G
S 5 1
4 N 1
1 E I 4
7 M 1 4
9 IDG S
ER 1 R 5
3 1
7 KEN
15
7 UXB to securing vacant possession to 7 reflecting only £22.50 per sq ft. The total 1 5 e 9 l 7 4 ly S Car
7 t
1 2 T o
1 s
9 1
3 3 ont io
R 18 2 s 6 1 9 an2 EE M 0 enhance the tenant mix.
1 current income is £1,091,745 per annum. 1 J
1 T A 1
2 6 1 M
1 2
3
4 E
2
1
9 0 t
5 o S L
1 0 2
PH 4 UCE
6 O 1
1 2 3 2 N 0
7 to 1
8 1
S 0 R
2 1 8 1 T n de N 1 R p 8 am E E C
s M 1 n
3 E sio 7 1 T n 2 9 a E 2 M
1 9 W 5
5 5 1
H 0
6 S
I 2 1
o L t 1 2 Ro yston
L N 1
18 5
6
2 G 10 E 9 1 25 6
W 9
A B S Court 1 CA 4 B a T
T CO
0 p e 1
E R 6 5 4
1 tist t
L h 6
2
2 EE S e 6 L 1 M 1 s 1 CO T C
1 d T B
2 R 2 hape 1 a 8 E 1 L E 1 T 6 1 6
i E 2 4 n 84 a T
t 1 T l
o S 3 1 7
n T 2 1 C 18 2 R 3 1 H A 2 2
E 2 2 6 1 5 0 o M 5 E 11 u PD 1 18 T 1 a 2a s 1 2
0
e E
2 F 1 The St udio N 5 PH A 6 House 7 H
E R E 5 a I l 24 AC 4 7
L M L S P 1 L
u
P E S
P b T 1 3 2 A a 1 7 L G 2 L S L A A IL ta H
C 0 C 1
2
1 2 1 5 E E 3 7 b
8 1 1 1 5 8 to
5 0
2 3
3
4 6 13
3 14 2 17 Lion 4 5 1 6
0 House 1 48
8 1 2
16 6 16
2 8
6 1 3 C 8 0 4 4 1 4 5 1
4 A 4 4
M 1 1
2 4 o ll
t i o P 1 1 H
H n t 64
D
e 7
I 0 d 14 1 6 3 L E 3 2 T 1 s 2 mp 2
L ll a n 1
N E a REE C i o
S H T s
5 s S n L 7 e' E a H PLAC g M E N r G
O o D 14 I e E 5
I L 4 T G 7
G 2 G t 3 0
L N S
4 7 I
1 7 S H G 36
KEN
R A
1 0 5
O R 4 1
5 0
3
1 D 3
A 1 7
2 5 3 8
D 1 7 0 7 E 4 1 1
4 7 I 2 3 1 N 30 n
s 1
S 6
4 4 t 1 1 1 9 i
t 3
u 6
2 a t 1 2
34.2m 18 GDNS Fox Cottage 1 to 4 e L 75 HIL NOTTING HILL GATE ESTATE
ASTLEY HOUSE 15-35 NOTTING HILL GATE 206 KENSINGTON CHURCH STREET 81 PALACE GARDENS TERRACE East
O
5 1 A D 34c
P L
P
a E I L NDE 11 b E 34 M I 2 NDE
8 M
B 7
1 B 1 3 R a N 34 R I N D 2 I GAR 1 D
G 1 GAR
G
E T 5 E Hostel
D R 3
D G E O
4
A N E
8
A 5
R N S 7 D
D S 2 tel 2 E Ho CRESCEN N 18 S
1
9 7 1
Y 3 UR
7 B
R l 0
2 hoo 2 5 c 4
4 HO S 2 Hotel 0 y
a K 1 1 e 7 n und si S E n AR l g G im to EN
1 n D
3 P IN 1 T 5 L
e e 8 n 25 C t m hu e p r co l
ch s e
The ta 8
2 Mercury l 3 S 8b
HO u
rg
8 7
R 6 2 e B r U 1 y 2 2 2b 5 R 10 4 30
Y 1 2 WS M 1 ME
EW 3 N
1 LINDE 1 S 14 1
OAD 2 Hotel LADBROKE R 4 16 18 2 rt ou C b
FB den 20 24 5
w 2
3
2 7
Bo 2 S 3
1 2 W 0 0 R E 1 26 a M
d
1 R Bank
E f 4 0 o 9 3 24 M L r
U d
B
Ho
5
5 3 5 6 Accommodation u 3
s 24 rt Prince e B u 1 o 4 P an Bank
n C MEWS
O
e MER Albert 6 4
BUL 1 4
5 d 1 k w 9 46
o (PH)
6
1 7
1 48 Description a 3 Use Area (sq ft) Rental Income WAULT
6 P 50 1 E
El Sub Sta C
M y
3 cl
B e 1 5 Astley House comprises a Retail* 26,161 £1,021,430 10.4 Hi R 60
r
I 2 e D V
S prominent island site on the
G
I t
a 2
C Depot 3 1 Offices 16,520 £472,811 2.6
E ti 4 2
T 7 8 1
o 5
o 72 t
O n 2
6 R 0 7 southern side of Notting Hill
R 7
2 I O 9 *Inc ancillary offices, club and public house A
A
G Bank Gate with a principle frontage of D 2 A 3 Bank
R n 5 D 78 tatio 2 S She Tenure Asset Management E te 0 Ga over 65 metres and two return 5 N ill 1 H 7 ing S PH 0 ott Bank 88 8 N L 90 MAL frontages to Kensington Church 8 T 8 2 WES 9 Freehold. 1. Conclude ongoing rent review at 31 o 4 t 9
1 1 Street and Palace Gardens
5 Campden 96 stley House
3 A
9
8 S t
9 o
4
Hill 0 u 1 Notting Hill Gate.
7 El Sub Sta 10 b 2 4 E w 7
Towers 1 02 AT 0 Terrace. a El Sub Sta 7 PH
G 6 9
4 y 10 3 1
ILL 1 0 7 Tenancies 1 06 G H 2 1 to C 08 TIN 2. Seek to improve tenant mix ahead of 3 E 12 1 OT rt 1 110 N Cou
1 5 lk
2 a 2
to 7 dw 0 1 Broa To the rear lies West Mall and the reviews in 2015. to 2
1 14
5 Retail and leisure held under 9 leases
5 2
9
3 4 3
2 18 3
1 0
0 2 KENSINGTON CHURCH STREET 2 4 0 1 5 property’s car parking.
24 1 6 3. Consider medium term date for vacant odge 9 with a weighted unexpired term of 10.4
G Ivy L 3 8 7 a 3 1 t t t 4 o e 3 R
1 David Game 1 9 possession. o 4 years. Offices leased to 5 tenants on
0
H 3 College A 8 8 22 t 0 7 B
il 3 o
5 l BIT
8 1 Mall 44 9
Co 1 6 1 short term leases at an average overall
2 9
5 9
6 to 1 1 Works e PO 4. Potential to add circa 17,500 sq ft by 0 1 4 9 omb
3
u ewc R Chambers 3
6
4 9 N to rt 15 5
TCBs OW
1 58 Cinema 2 rent reflecting only £28.60 per sq ft. The
e 6
s 1
62 u 8 expanding footprint and an additional
1 3
4 10 o 6 H t
1 1
9 o
3 2
4
4
4 total current income is £1,527,491 per annum.
2
2 4 1
storey. t
1 o
a 1 18 2 1
9
37 8
1 3 1 3
2 1
1
L 7
IL 3 9
1
H 2 1
TTING 1
NO 2
t o 7 1
3 1 L
2 Cinema L
1 A 1
3
1 1
2 3 5 6 2
TE 9 M
GA 1 1 3
9 T F N 1
4
3 A 18 O
1 T 4
5 REE
1
3 T 2
7 R G
S 5 1
4 N 1
1 E I
4 7 M
1 4
9 IDG 26 S
ER 1 R 5
3 1
7 KEN 15
7 UXB 7 1 5 e 9 l 7 4 ly S Car
7 t
1 2 T o
1 s
9 1
3 3 ont io
R 18 2 s 6 1 9 an2 EE M
0
1 1 J
1 T A 1
2 6 1 M
1 2
3
4 E
2
1
9 0 t
5 o S L
1 0 2
PH 4 UCE
6 O 1
1 2 3 2 N 0
7 to 1
8 1
S 0 R
2 1 8 1 T n de N 1 R p 8 am E E C
s M 1 n
3 E sio 7 1 T n 2 9 a E 2 M
1 9 W 5
5 5 1
H 0
6 S
I 2 1
o L t 1 2 Ro yston
L N 1
18 5
6
2 G 10 E 9 6 1
W 9
A B S Court 1 CA 4 B a T
T CO
0 p e 1
E R 6 5 4
1 tist t
L h 6
2
2 EE S e 6 L 1 M 1 s 1 CO T C
1 d T B
2 R 2 hape 1 a 8 E 1 L E 1 T 6 1 6
i E 2 4 n 84 a T
t 1 T l
o S 3 1 7
n T 2 1 C 18 2 R 3 1 H A 2 2
E 2 2 6 1 5 0 o M 5 E 11 u PD 1 18 T 1 a 2a s 1 2
0
e E
2 F 1 The St udio N 5 PH A 6 House 7 H
E R E 5 a I l 24 AC 4 7
L M L S P 1 L
u
P E S
P b T 1 3 2 A a 1 7 L G 2 L S L A A IL ta H
C 0 C 1
2
1 2 1 5 E E 3 7 b
8 1 1 1 5 8 to
5 0
2 3
3
4 6 13
3 14 2 17 Lion 4 5 1 6
0 House 1 48
8 1 2
16 6 16
2 8
6 1 3 C 8 0 4 4 1 4 5 1
4 A 4 4
M 1 1
2 4 o ll
t i o P 1 1 H
H n t 64
D
e 7
I 0 d 14 1 6 3 L E 3 2 T 1 s 2 mp 2
L ll a n 1
N E a REE C i o
S H T s
5 s S n L 7 e' E a H PLAC g M E N r G
O o D 14 I e E 5
I L 4 T G 7
G 2 G t 3 0
L N S
4 I 7
1 7 S H G 36
KEN
R A
1 0 5
O R 4 1
5 0
3
1 D 3
A 1 7
2 5 3 8
D 1 7 0 7 E 4 1 1
4 7 I 2 3 1 N 30 n
s 1
S 6
4 4 t 1 1 1 9 i
t 3
u 6
2 a t 1 2
34.2m 18 GDNS Fox Cottage 1 to 4 e L 75 HIL LONDON W11
146 – 154 NOTTING HILL GATE 156-164 NOTTING HILL GATE GATE HILL COURT, 166 NOTTING HILL GATE West
O
5 1 A D 34c
P L
P
a E I L NDE 11 b E 34 M I 2 NDE
8 M
B 7
1 B 1 3 R a N 34 R I N D 2 I GAR 1 D
G 1 GAR
G
E T 5 E Hostel
D R 3
D G E O
4
A N E
8
A 5
R N S 7 D
D S 2 tel 2 E Ho CRESCEN N 18 S
1
9 7 1
Y 3 UR
7 B
R l 0
2 hoo 2 5 c 4
4 HO S 2 Hotel 0 y
a K 1 1 e 7 n und si S E n AR l g G im to EN
1 n D
3 P IN 1 T 5 L
e e 8 n 25 C t m hu e p r co l
ch s e
The ta 8
2 Mercury l 3 S 8b
HO u
rg
8 7
R 6 2 e B r U 1 y 2 2 2b 5 R 10 4 30
Y 1 2 WS M 1 ME
EW 3 N
1 LINDE 1 S 14 1
OAD 2 Hotel LADBROKE R 4 16 18 2 rt ou C b
FB den 20 24 5
w 2
3
2 7
Bo 2 S 3
1 2 W 0 0 R E 1 26 a M
d
1 R Bank
E f 4 0 o 9 3 24 M L r
U d
B
Ho
5
5 3 5 6 u 3
s 24 rt Prince e B u 1 o 4 P an Bank
n C MEWS
O
e MER Albert 6 4
BUL 1 4
5 d 1 k
w 9 46
o (PH)
6 1 7
1 48
a 3
6 P 50 1 E
El Sub Sta C
M y
3 cl
B e 1 Hi 5 R 60
r
I 2 e D
V S
G
I t
a 2
C Depot 3
Accommodation 1
E ti 4 2
T 7 8 1
o 5
o 72 t O n 2
R 0 7
6 R 7
2 I O 9 A
A G Bank
D
2 A 3 Bank Description 5 R ) Use Area (sq ft) Rental Incomen (Lt WAULT D 78 tatio 2 S E te She 0 Ga 5 N ill 1 H 7 ing S PH 0 ott Bank 88 8 N L The property comprises 3 parts. Retail 90 11,652 £675,000 5.1 MAL 8 T 8 ES 92 W o t 94 146-154 Notting Hill Gate is a
1 1
5 Campden 96 stley House
Residential 3,480 £70,640 3 0.1 A 9
8 S t 9 o
4
Hill 0 u 1
7 El Sub Sta 10 b 2 4 Marks & Spencer foodstore; 156 E w 7
Towers 1 02 AT 0 a El Sub Sta 7 PH
G 6 9
4 y 10 3 1
ILL 1 0 7 1 06 G H 2 1 to C – 164 Notting Hill08 Gate provides TIN E 12 1 OT AD rt 1 110 N O Cou
1 R 5 lk
N 2 a 2
A to Tenure Asset Management 7 dw 0
four single fronted occupied retail R OM 1 Broa to 2
1 14
5
5 2
9
3 4 3
2 18 3 1 0
0 2 KENSINGTON CHURCH STREET 2 4 0 1 units, with four duplex apartments 5
24 1 6
odge 9
G Ivy L Freehold. 1. Finalise development proposals for 3
8 7 LADBROKE TERRACE a 3 1 above let on Assured Shorthold t t t 4 o e 3 R
1 David Game 1 o 9 4
0
H site to deliver circa 40,000 sq ft of A 8
3 College 8 22 t 0 7 B
il 3 o
Tenancies; and Gate Hill Court, 5
l BIT
8 1 Mall 44 9
Co 1 6 Tenancies 1
2 9
5 9
6 to 1 1 Worresidentialks and retaile accommodation. PO 0 1 4 9 omb
3
u ewc R Chambers 3
6
4 166 Notting Hill Gate is a 6 storey 9 N to rt 15 5
TCBs OW
1 58 Cinema 2
e 6
s 1
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34.2m 18 GDNS Fox Cottage 1 to 4 e L 75 HIL NOTTING HILL GATE ESTATE
REDEVELOPMENT SITE PEMBRIDGE ROAD PRE-LET RESTAURANT TO CORBYN AND KING
CZECH EMBASSY
UNITED HOUSE
TAIZE CATERING
TEQUILA TEX-MEX MEXICAN RESTAURANT
NARUREHOUSE ENTRANCE FRANCHISING
81
SWEAT SHOP CANBURG
Retail OCCUPIERS
Reproduced by permission of Experian Goad - licence no. PU100017316. Not to Scale - For Identification Purposes Only.
28 LONDON W11
REDEVELOPMENT SITE PEMBRIDGE ROAD PRE-LET RESTAURANT TO CORBYN AND KING
CZECH EMBASSY
UNITED HOUSE
TAIZE CATERING
TEQUILA TEX-MEX MEXICAN RESTAURANT
NARUREHOUSE ENTRANCE FRANCHISING
81
SWEAT SHOP CANBURG
THE NOTTING HILL GATE ESTATE THE ESTATE REPRESENTS A THIRD COMPISES 37 RETAIL UNITS WITH OF THE HIGH STREET UNITS A COMBINED FRONTAGE OF OVER & HALF OF THE HIGH STREET 385 METRES FRONTAGE
29 NOTTING HILL GATE ESTATE
Fig 1 INTERIOR OF RECIPEASE 92 NOTTING HILL GATE
Fig 2 WAITROSE ANCHOR TENANT 132-136 NOTTING HILL GATE
30 LONDON W11
Fig 3 EASTERLY VIEW ALONG NOTTING HILL GATE
Fig 4 NEARBY WESTBOURNE GROVE
31 NOTTING HILL GATE ESTATE
East South
7 2 West 3 5
1 East - Astley House
2 South - David Game House
3 North - United House 1 4 West - 146-166 Notting Hill Gate North 5 Newcombe House - Brockton/Development Securities
6 Bookshop Site - Stranton Properties
7 Coronet
PLANNING ENVIRONMENT
The Royal Borough of Kensington and Chelsea The Notting Hill Gate Estate forms the heart of The SPD acknowledges that to enable the (RBKC) has identified Notting Hill Gate as an area the opportunity area and its development is key to improvement of both the public realm and the of opportunity and change, with a vision to create delivering the vision for Notting Hill Gate. existing architecture, considerable new development new high quality architecture and public realm. and refurbishment is required. To facilitate this, an overarching Supplementary Notting Hill Gate is identified as a key District Planning Document (SPD) has been prepared Centre in London and the proposals for the area Detailed parameters are provided within the SPD specifically for the area. seek to reinforce the diverse retail offering, whilst to guide the redevelopment and extension of each creating a vibrant location to serve the estimated 17 of the Estate properties. Squire & Partners has The purpose of the SPD is to promote high quality million people that leave and arrive annually from also prepared conceptual schemes for each of the development at Notting Hill Gate and provide the Underground Station. properties. greater certainty to developers in the planning and delivery of key sites. Notting Hill Gate is surrounded by numerous Conservation Areas but only part of the SPD area, and none of the Estate falls within a designated Conservation Area.
32 LONDON W11
CGI’s provided by Squire & Partners
CGI of proposed scheme at United House, North Block CGI of proposed scheme at West Block
CGI of proposed scheme at South Block CGI of proposed scheme at East Block 33 NOTTING HILL GATE ESTATE
VAT CONTACTS
The properties are elected for VAT and as such Paul Cockburn VAT will be payable on the purchase price unless Central London Investment the property is sold by way of a Transfer of a +44 (0) 20 7409 8788 Going Concern (TOGC). +44 (0) 7870 555 706 [email protected]
Andrew Boyd FURTHER London Residential Development +44 (0) 20 7409 9993 INFORMATION +44 (0) 7807 999 079 [email protected]
A dataroom containing additional detail is George Gawthrop available at www.nhge.co.uk Central London Investment +44 (0) 20 7409 8002 +44 (0) 7807 999 491 PROPOSAL [email protected]
Each property is available separately or at a combined guide price of £210 million, subject to contract.
The freeholder will also consider a sale of the Jersey Property Unit Trust that holds the assets.
33 Margaret Street London W1G 0JD
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 February 2015 34 LONDON W11
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