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City Road London EC1 City Road London EC1 Reversionary Multi-let Freehold Office Investment in the Heart of Tech City 2 | 186 City Road London EC1 Executive Summary 186 City Road offers a unique reversionary asset management opportunity in the ‘tech belt’ between Clerkenwell and Shoreditch. • Freehold • Prominent corner office building comprising 39,106 sq ft (3,632.7 sq m) arranged over lower ground, ground and five upper floors • Located approximately 150 metres to the north of Old Street ‘Silicon’ Roundabout in the heart of Tech City and surrounded by a number of large scale mixed use developments • The reception area and second floor have undergone a comprehensive refurbishment designed by Ben Adams Architects • Multi-let to five tenants on eight leases with an average weighted term of 3.74 years to expiry and a term certain of 2.31 years • Total current rent of £1,005,032 per annum, representing a low passing rent of £25.70 per sq ft overall • Numerous asset management opportunities with well timed lease events providing the opportunity to take advantage of recent and ongoing rental growth • Offers in excess of £19,800,000 are invited for the Freehold interest, subject to contract, reflecting a net initial yield of4.8% (assuming purchaser’s costs of 5.8%), and a low capital value of £506 per sq ft 186 City Road London EC1 | 3 4 | 186 City Road London EC1 Location 186 City Road occupies a prominent corner position on the key thoroughfare of City Road, at its junction with Cayton Street, approximately 150 metres to the north west of Old Street Roundabout. Old Street Roundabout is the principal northern gateway into the City of London with City Road and Old Street the primary arterial roads connecting it with Angel and Kings Cross, Holborn and the West End. In November 2010 the government set out its ambition to establish the area around Old Street as one of the world’s great technology centres and a “tech firm hub”, by supporting the existing cluster of organisations. A number of large multi-national companies including Cisco and Facebook have moved into the area, with Google opening an innovation centre, Vodafone bringing its Ventures Investment Fund and Amazon creating a digital media development centre. Other major occupiers around Silicon Roundabout include AMEC Group Ltd, Inmarsat Plc, First Group Plc, Thomson Reuters, Sporting Bet Plc and National Rail. 186 City Road London EC1 | 5 ANGEL KINGS CROSS Local Occupiers ST PANCRAS S H D E O C PH I T A Y R OA E R R D T D London EC1 City Road S E S A T S E E E W S R A T T L J K S O H H G N 30 I 2 H S 9 T C H R I T C E T Y S T G N B TO E CAY R I O AT 29 O T D S A E G D W H R R 24 E 22 O A S 3 L Y T H 16 28 L ’ R T S S E E R EE S T R 17 O L D I 26 O N T N ET A E S TR S D 21 L R F K A A I IV OLD STREET C O N R R N P E E R R A T I S T R E E D N 10 G D O N 11 G T 19 R EE T E 8 E R STR E R A O N S T O T 4 T D 13 A P L M E O O E D C A U 12 S 14 T N E E 25 R S 20 N V T B D A S U T A 6 R N T Y EE E TR O R N S H 23 E J E R E ON 7 T E O I T T GR SU L B H L T Y A L L E E N R E G G T I S W N O R 18 E C 27 O K S O R W E R W L C S E T 1 L D O A R R L E L L E N W K E L E R C R B E R O T 15 I E T A T T O D G N 5 A G R F S T L A A R Y E O R ESQ S E U O F ’ R H U T R E S RT A A R Not to scale. I H C E N N I Indicative only. N D G A O A N T O L R D S D R ’ O D R L E O A O N B R N O A R E T S D E BARBICAN H E E 1. Google 11. IDT Global Ltd 21. Media and Marketing with Impact T O R N G S T A GRAY’S A L A 2. Sainsburys 12. Thomson Reuters 22. Digital Gurus SSEE G E INN D U FARRINGDONN T O O 3. Plan International 13. Cross Border LtdT 23. i-D LO E HHO R EAST ENTRANCE A E T BROADGATE G R D S 4. Yougov Plc 14. Durrants Ltd 24. Somethin’ Else A HARTH T R C R 5. Cass Business School 15. Bank of Baroda 25. Circus Creative D O L E E I O SMITHFIEL F 6. ORMS 16. GBST Wealth 26. Moving Brands E MARKETH T M I T S MIM 7. Interactive Data 17. Avanti Communications 27. Moo Print T MOORGATE S E 8. Royal Mail 18. MindCandy 28. Griffin Marine Travel Ltd WEW 9. Pret a Manger 19. Simply Media 29. Moorfields Eye Hospital LIVERPOOL 10. Inmarsat Plc 20. Morningstar 30. Jamie Oliver’s Fifteen STREET L O N D O N WA L L E T H A O LO L N D G B O O N S R W N A LL P F V O A I A H D R U S C I R T B I N GUILDHALL N G E W D G A T O E S N CENTRAL T R E CRIMINAL E TOWER B S T E COURT T 42 V R I S E M E A R T 30 ST MARY K AXE S ROYAL COURTS BANK OF OF JUSTICE ST PAUL’S ENGLAND N CATHEDRAL E W B R T I E LLOYDS D BANK E G BUILDING R M E T I S S N T O R H E E R C E E I T T R E U S H C E BLACKFRIARS C A U P P E R T H A M R E S S T G R E E T B T E N L K M N B A CANNON M A E I A R C O STREET T I C K V F TOWER R GATEWAY I A E G R D S TOWER HILL I L O W R B E R T B H R A M E S I K S T D R E E T E R G BANKSIDE PIER A A S E RIVER TAXI T E W S M H I T DG H T F THE TOWER I E L D U RI THE GLOBE OF LONDON O B THEATRE S CHARING CROSS N TATE MODERN ST KATHARINE O ART GALLERY DOCKS D N O L B L SOUTHWARK A E CATHEDRAL C K DG BOROUGH I F MARKET R R B I A R R E S W R O O T A LONDON D T BRIDGE E E R T S H G I H H G WATERLOO U O R O B 6 | 186 City Road London EC1 LIVERPOOL STREET MOORGATE OLD STREET 186 City Road London EC1 | 7 Communications 186 City Road benefits from excellent communications given its Special fares apply proximity to a number of key transport hubs. Check before you travel Epping Chesham Watford Junction Bank Waterloo & City line open Chalfont & Theydon Bois 0621-2148 Mondays to Fridays 97Latimer 887 6 5 Watford High Street High Barnet and 0802-1837 Saturdays. Closed Watford Cockfosters Debden Sundays and Public Holidays. During the London 2012 Games Amersham Bushey Totteridge & Whetstone Croxley Oakwood Loughton the line will operate 0621-0100 Chorleywood BUSES 6 Mondays to Fridays and08 02-0100 Carpenders Park Woodside Park Buckhurst Hill Rickmansworth Moor Park Old Street Liverpool Street FarringdonSouthgate Saturdays and Sundays. Roding ----------------------------------------------------------------------------------- Hatch End Mill Hill East Grange Camden Road Step-free from July 2012 Northwood West Finchley Valley Hill 5 Arnos Grove ----------------------------------------------------------------------------------- West Ruislip Northwood Edgware Camden Town Sunday13 00-1730 open for Headstone Lane Approximately 150m to the Approximately 1.25km to the Approximately 1.5km to the Numerous bus stops are Hills 4 Bounds Green Chigwell interchange and exit only Stanmore Hillingdon Ruislip south of 186 City Road south east Finchley Central south west located along City Road and ----------------------------------------------------------------------------------- Harrow & Hainault Ruislip Manor Burnt Oak Canary Wharf Step-free interchange between Pinner Wealdstone Canons Park Wood Green Old Street providing services Woodford East Finchley Underground, Canary Wharf DLR Uxbridge Ickenham ColindaleNorthern line services south Circle, Central, Metropolitan Circle, Metropolitan and to the West End, City and Fairlop and Heron Quays DLR stations at Eastcote North Harrow Kenton Harringay South Woodford Queensbury to London Bridge Station and Hammersmith & City HammersmithTurnpik &e LaneCity Green Lanesother areas of London street level Highgate 4 Barkingside Hendon Central ----------------------------------------------------------------------------------- Harrow- Northwick Preston and north to King’s Cross Underground lines CrouchUnderground Hill lines South Tottenham Cannon Street Open until 2100 Mondays to on-the-Hill Kingsbury Snaresbrook Ruislip Park Road Fridays and 0730-1930 Saturdays.
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