MAYFAIR W1 an Extremely Rare Mixed-Use Development Opportunity in the Heart of Mayfair INVESTMENT SUMMARY

MAYFAIR W1 An extremely rare mixed-use development opportunity in the heart of Mayfair INVESTMENT SUMMARY

Freehold; • An extremely rare opportunity to develop a prime, mixed-use building in the centre of Mayfair; • Exceptional location to the east of Hanover Square, London’s most desirable corporate address; • Positioned less than 150 metres from the entrance to Bond Street Crossrail station, due to be operational from December 2018; • Well-placed to exploit the micro-location’s uplift in footfall on completion of Crossrail and the Hanover Square Masterplan; • Existing mixed-use building comprises 10,215 sq ft (NIA) of stripped-out, vacant accommodation; • Property benefits from valuable planning consent for a n extension of the office element, and conversion of the lower floors to rare restaurant (A3) use; • Consented office element includes six floors of efficient, Grade A accommodation that benefit from exceptional natural light; • Proposed restaurant features private dining space at first floor level and prominent ground floor space that is well suited to high-end operators; • Suitable as a trophy headquarter office premises for owner occupiers, or a range of alternative uses, subject to planning consents; • Offers are invited in excess of £18,500,000, subject to contract, which reflects a capital value of £1,811 per sq ft (existing).

CGI

4 5 ST JAMES’S REGENT GREEN BERKELEY HANOVER BOND OXFORD GROSVENOR SQUARE STREET PARK SQUARE SQUARE STREET STREET SQUARE

6 7 LOCATION LOCAL OCCUPIERS

Mayfair is internationally recognised OFFICES RESTAURANTS HOTELS & CLUBS as London’s most desirable residential, 1 Apollo Management 1 Wild Honey 1 The Westbury retail and office location. 2 HIG Capital 2 Sketch 2 The May Fair 3 Trafigura 3 Goodman 3 Claridge’s 4 Condé Nast 4 Pollen Street Social 4 The Connaught The area boasts a rich blend of attractive period office 5 Perenco 5 Little Social 5 Brown’s Hotel buildings and modern Grade A properties, and is home 6 Kleinwort Benson 6 Scott’s 6 Annabel’s to numerous global powerhouses including Lazard, 7 Grosvenor 7 Hakkasan 7 Morton’s Blackstone, KPMG, Kleinwort Benson and SAB Miller. 8 Davidson Kempner 8 Sexy Fish 8 The Dunhill Club 9 Blackstone Group 9 Cecconi’s 9 The Arts Club London’s luxury retail quarter, centred around Bond Street, TOTTENHAM 10 Norges 10 La Petite Maison 10 Buck’s Club COURT ROAD sits in the very core of Mayfair and features several of the world’s leading brands, while the area is also framed by the key retail destinations of Regent Street and Oxford Street.

JOHN In addition to its status as a super-prime residential, office LEWIS OXFORD CIRCUS and retailing centre, Mayfair offers a rich and impressive OXFORD STREET cultural / social scene, boasting several internationally- SELFRIDGES 5 renowned restaurants, hotels, bars and art galleries. SOUTH MOLTON STREET APPLE

BOND S. MOLTON LANE HANOVER EET STR VER LIBERTY STREET SQUARE NO HA BOND STREET

DAVIES STREET CROSSRAIL NORTH AUDLEY STREET

(2018) 5

4 4

REGENT STREET T E E

2 3 R CARNABY STREET EET T TR FENWICK S K S 3 1 X OO AVERY ROW O BR NEW BOND STREET D E COVENT 6 D U A N 10 M E S SOHO V GARDEN T 2 A T Y 3 G R E U E E B O R ES T T R F S A 7 1 G H IT 8 S BROOK MEWS E COVENT U S D T GARDEN N R

E O E C

GROSVENOR STREET T GOLDEN SOTHERBY’S GROSVENOR SQUARE SQUARE 1 SAVILE ROW

LEICESTER SQUARE 8 MAYFAIR 10 7 LEICESTER COVENT SQUARE 7 10 PICCADILLY R 4 SACKVILLE STREETE HAYMARKET GARDEN G CIRCUS 9 E N 6 T S C 9 TR H EE A MOUNT STREET BERKELEY T R ROYAL IN BURLINGTON ARCADE G SOUTH AUDLEY STREET SQUARE ACADEMY C 6 R O 8 OLD BOND STREET OF THE ARTS

R 5 O

A D DOVER STREET CHARING CROSS

T 10 E E PICCADILLY

R 2 T

PARK LANE S 9

N TRAFALGAR STRAND O

Z SQUARE JERMYN STREET R U C

ST JAMES’SST STREET JAMES’S ST JAMES’S 8 9 SQUARE EMBANKMENT HALF MOON STREET PALL MALL

HYDE WHITEHALL

PARK THE MALL GREEN PICCADILLY PARK

H O R S E CARLTON HOUSE TERRACE GREEN G U A R D PARK S

R O A D PICCADILLY ST JAMES’S PARK ST JAMES’S PALACE T THE MALL N E

K HYDE N A PARK B

E CORNER

R THAMES

BIRDCAGE WALK BUCKINGHAM WESTMINSTER PALACE WESTMINSTER BELGRAVIA

VICTORIA ST JAMES’S PARK VICTORIA SITUATION HAREWOOD STREET

STREET GYLL AR PRINCES STREET LITTLE The property occupies a prominent position on the southern side of Hanover Street, in HANO between its junction with Hanover Square and Regent Street. VER

SQU TENTERDEN STREET

The area has been the focus of significant development ARE OUGH STREET over the past five years, fuelled in part by the imminent arrival of the Elizabeth Line (Crossrail) at Hanover Square. STREET VER T MARLBOR HANO GREA LIBERTY DEPAORRTEMENT It is forecast that Crossrail will increase annual turnover in ST the West End from its current £9bn to more than £13bn RE by 2021, and that it will generate an additional 69.6 million GENT visitors to the area within the first three years of its opening. ARE SQU STREET VER With over 60% of Mayfair being controlled by Estates HANO including Grosvenor, Lancer, Pollen and The Crown, the district has always held elite status and the opportunity K STREET OO BR ST to acquire a freehold interest in the vicinity is becoming STREET GE increasingly rare. OR

MADDOX GE STREE

10 11 Overview – Hanover Square (CGI)

Upon Crossrail’s opening, London Heathrow will be accessible directly from Bond Street Station in just 30 minutes.

Bond Street Station – Hanover Square (CGI) COMMUNICATIONS

OLYMPIC Crossrail (Elizabeth Line) STADIUM The property benefits from a Public Transport TOTTENHAM COURT ROAD FARRINGDON LIVERPOOL Transport connectivity will be enhanced yet further BOND STREET Accessibility Level (PTAL) of 6b – the highest STREET on the completion of the Crossrail (Elizabeth Line) in possible rating – with a number of London PADDINGTON STRATFORD EALING THE ABBEY 2018, with the Hanover Square entrance to Bond Street READING ST PAUL’S GHERKIN WOOD BROADWAY HOUSES OF CANARY PARLIAMENTCATHEDRAL Underground lines, overground services and bus station being within 150m of the property. ACTON CITY OF WHARF CUSTOM MAIN LINE LONDON HOUSE routes all being within the immediate vicinity. WEST END TATE Crossrail will halve travel time to the West End by linking it HEATHROW MODERN CITY LONDON AIRPORT AIRPORT THE THE BRIDGE O2 to Canary Wharf in c.12 minutes, Stratford in c.15 minutes SHARD and Heathrow Airport in less than 30 minutes. CANARY THAMES London’s international airports can be conveniently accessed WHARF BARRIER BAKERLOO via the Heathrow Express at Paddington, the Piccadilly line CENTRAL It is anticipated that approximately 200 million passengers CIRCLE at Green Park and the Gatwick Express at Victoria. BATTERSEA POWER DISTRICT will use Crossrail each year, and that the route will provide STATION HAMMERSMITH & CITY JUBILEE a 10% increase to rail capacity in London. METROPOLITAN NORTHERN PICCADILLY VICTORIA WATERLOO DLR OVERGROUND TRAMLINK

12 13 1 LOCAL DEVELOPMENTS 5 HANOVER SQUARE ESTATE 8 HANOVER STREET

Developer GPE / HKMA Developer Morgan Capital Parners

Area 223,600 sq ft Area 32,000 sq ft

Use Office, Retail, Residential Use Office, Retail

Completed Q4 2019 Completed Q4 2013

Mixed-use development above Crossrail station Mixed use speculative development which achieved record rents in 2014 7

2 6 11 HANOVER SQUARE 22 HANOVER SQUARE Developer Aviva Life & Pensions 3 Developer Clivedale Area 33,392 sq ft 4 Area 87,444 sq ft Use Office 2 Use Hotel, Residential Completed Q4 2017 5 Completed 2019 Newly completed development achieving rents of over £115 per sq ft Ongoing development to comprise 80 luxury residences and an integrated five-star hotel, operated by Mandarin Oriental

3 7

8 HANOVER SQUARE 2-4 PRINCES STREET

Developer Morgan Capital Partners Developer Crown Estate / Norges

Area 72,000 sq ft Area 54,000 sq ft

Use Office, Residential Use Retail, Office

Completed Q4 2017 Completed TBC

To be occupied in its entirety by Perenco Proposed mixed use redevelopment of circa 100,000 sq ft

1 4 8

5 HANOVER SQUARE 14 ST GEORGE STREET

Developer Mitsui Fudosan / Stanhope 6 Developer Aberdeen Asset Management 8 Area 63,500 sq ft Area 51,861 sq ft

Use Office, Gallery, Residential Use Office

Completed 2012 Completed 2009

Mixed use speculative development leased Redevelopment behind a retained façade recently off rents of up to £100 per sq ft acquired by Chinese Estates

14 15 A prime mixed-use retail and office building with prominent frontage to Hanover Street.

DESCRIPTION

Dating from the 1970s, 16 Hanover Street is of concrete frame construction and arranged over lower ground, ground and seven upper floors.

The existing use of the ground floor (front) is A2 (Travel / Information), while the remainder of the property is comprised of B1 (Commercial Office) accommodation.

The office element provides regular-shaped, open plan floorplates that benefit from high levels of natural light and exceptional views on the upper floors.

The property is currently vacant and has been stripped- out of all mechanical and electrical services, plumbing and lift machinery.

Existing Accommodation

NIA GIA FLOOR USE Sq M Sq Ft Sq M Sq Ft

Seventh Office 56 603 80 861

Sixth Office 83 893 106 1,141

Fifth Office 83 893 106 1,141

Fourth Office 83 893 106 1,141

Third Office 83 893 106 1,141

Second Office 83 893 107 1,152

First Office 180 1,938 206 2,218

Ground Office / A2 (Travel & Information) 150 1,615 194 2,088

Basement Office 148 1,593 255 2,745

Total 949 10,215 1,266 13,627

16 17

e Shelter

2 7

2 5 5

E 2

1 2 RE 4 4 T 2 1 3 S S

NCE

TENURE PRI TENANCY CONSENTED SCHEME 2

LB 0

TCB

5 3 Freehold The property is currently vacant. 2 The property benefits from full planning consent (Ref: 15/09714/FULL) to deliver a Grade A, mixed-use scheme that is exceptionally well placed to exploit its super-prime location and capitalise

A 9 2

Fn N 2 on current market dynamics. O

V ond E 24 7 R . m

S o 2 Q 1 t U 3 A Hanover Court R 5 5 E

6 LB

7b 7

2 0 2

1 9

REE T 1

S 4

Hanover Square TCB R 3

VE 2

2 O 1

HAN 3

1 P

1 Garden t

O 1 2 L 23.7m L 8 2 E

Statue S 8 T 4 6

3 t o 6 a

7 6

TCB 1

1 t 1

2 E o

a 2

E 5 0 1

R 1 3 T P S LB O X

L 1 L O

S 1 E D T N D A

G 1

S 9 2 M E 1

6 S

T t 8 O o T 2 5 R 1

R Vogue House E

R 2 5 3 E E 1

4 T

E 1

E 3 T 4

5 8 6

1 4 0

2 2

2 1 2 9

A 4

2 2

S 1 O 1

2 2 ' 3 S

A 8

R 0 2

5 2 3 M

2 S

2 M 7 E 2

W 3

S 2 9

7 6 3

4 3 PH 3 3 2

4 3

5 1

2 o

9 3 9

1 1 5

' E

St George s a E S 2 2 6 1 R 4 T 3 T T Church 1 EE G S

TR E 18 T 19 1 2 S 3 ( ) 2 0m 0m 0m 0m O C of E I OX M

D R U AD e 4 IL M s G L D

ou S

H E 5 N

4 h T 1 1 s 6 Na R O E to C Overview The consent allows for a replacement of the front façade with a Portland stone exterior, and an internal reconfiguration that will deliver six floors of efficient, Grade A office space and high-end restaurant accommodation below.

Planning The existing use of the building is A2 (Travel / Information) at ground floor (front), and B1 (Commercial Offices) at basement, ground floor (rear) and first to eighth floors.

Full planning consent was obtained in March 2016 for A3 (Restaurant) use and an ancillary bar at part basement, ground and first floors, and B1 (Commercial Office) use at second to seventh floor level. This consent has yet to be implemented.

The property is not listed but is located within the Mayfair Conservation Area, the Core Central Activities Zone and the West End Special Retail Policy Area.

Further details relating to the consented scheme can be found on the Westminster Planning Portal (Ref: 15/09714/FULL) and on the marketing dataroom.

Consented Accommodation Schedule

A3 B1 GIA GEA Floor Sq M Sq Ft Sq M Sq Ft Sq M Sq Ft Sq M Sq Ft

Seventh - - 69 743 95 1,023 114 1,227

Sixth - - 90 969 116 1,249 129 1,389

Fifth - - 112 1,206 140 1,507 152 1,636

Fourth - - 112 1,206 140 1,507 152 1,636

Third - - 112 1,206 140 1,507 152 1,636

Second - - 112 1,206 140 1,507 152 1,636

First 130 1,399 - - 187 2,013 203 2,185

Ground 151 1,625 - - 220 2,368 240 2,583

Basement 102 1,098 - - 254 2,734 295 3,175

Subtotal 383 4,123 607 6,534 1,432 15,414 1,589 17,104 CGI Total 383 4,123 607 6,534 1,432 15,414 1,589 17,104

20 21 PERMITTED USES ALTERNATIVE USES

OFFICE (B1) RESTAURANT (A3) GALLERY (A1) RETAIL (A1)

The office element will be accessed via a The consented scheme converts the majority of the The property’s configuration and location to The micro-location’s exclusive tone and striking reception area, currently proposed to lower levels to valuable restaurant (A3) use, with the east of Hanover Square make it suitable proximity to Regent Street, Bond Street and be double height, and detailed work has been the associated floor levels to the rear reconfigured for use as high-end gallery space. Oxford Street make the prospect of retail undertaken to design efficient upper floors that so as to remove the existing split levels and use extremely attractive. maximise the building’s exceptional natural create a new rear extension at first floor. Demand for gallery space in Mayfair has intensified in light and aspect. recent years, largely as a result of the affordability-related It is estimated that Crossrail will generate an additional displacement that has taken place in previous centres The proposed restaurant has been designed to incorporate 69.6 million visitors to the area within the first three years such as Bond Street and Cork Street, and the opportunity 48 covers and a licensed bar area at ground floor level, of its opening, giving the location unrivalled levels of footfall. The floorplates range between 743 sq ft (seventh floor), to establish a presence in the vicinity of Hanover Square 969 sq ft (sixth floor) and 1,206 sq ft (second to fifth floors), a private dining area (42 covers) at first floor level and would carry significant appeal. The retail rental values on Hanover Street are expected to and are linked via a new passenger lift and staircase. ancillary accommodation, including kitchen facilities rise in the short term as a result of the street’s proximity to and customer WCs, on the lower ground floor. Mayfair has long been an international centre for art galleries, the source of this footfall, and its affordability compared to The sixth and seventh floors benefit from outdoor space and its ever-increasing occupier base includes world- The roof of the ground floor rear is well-suited the surrounding retail pitches. and a terrace could also be incorporated on the roof and renowned establishments such as the Hauser & Wirth, to accommodate a first floor terrace, subject to at second floor level, subject to planning consent. Gagosian, Spruth Magers and Blain Southern galleries. obtaining planning consent. Each floor benefits from dedicated WC provision, and the consented plans also provide bicycle storage / shower facilities at lower ground floor level, accessed via a separate entrance on Hanover Street.

22 23 CONSENTED CONSENTED RETAIL CROSS-SECTION FLOORPLANS

Basement (Consented A3 Use: 1,098 sq ft)

PLANT

OFFICE

OFFICE Ground Floor (Consented A3 Use: 1,625 sq ft) OFFICE

OFFICE

OFFICE OFFICE RECEPTION

OFFICE

First Floor RESTAURANT (Consented A3 Use: 1,399 sq ft)

OFFICE RECEPTION / RESTAURANT

STORE BACK OF HOUSE STORE RESTAURANT OFFICE RECEPTION (VOID)

24 25 CONSENTED OFFICE FLOORPLANS

Second Floor Fifth Floor Sixth Floor (Consented B1 Use: 1,206 sq ft) (Consented B1 Use: 1,206 sq ft) (Consented B1 Use: 969 sq ft)

Third Floor Fourth Floor Seventh Floor Roof (Consented B1 Use: 1,206 sq ft) (Consented B1 Use: 1,206 sq ft) (Consented B1 Use: 743 sq ft)

26 27 OFFICE OCCUPATIONAL MARKET

A record 5.2m sq ft of office space transacted MayfairMayfair take-up take-up in 2017in 2017 was was 20% in the West End in 2017, and this strong trend higher20% than higher the than 10-year the 10-yearaverage, has shown no sign of abating. andaverage, the vacancy and the rate vacancy currently rate standscurrently at 18% stands below at the 18% long below The quantum of office space currently under offer is 63% termthe average long term average higher than the 10 year average, and in terms of future supply, some 67% of the space due to be delivered in 2018 has already pre-let.

Mayfair’s exceptional amenities, brand-enhancing address and unrivalled connectivity – set to improve further on the imminent arrival at Crossrail–have long resulted in it outperforming the West End’s other submarkets.

In 2017, the level of take-up was 20% higher than the 10-year average, and the vacancy rate currently stands 18% below the long term average.

This acute demand / supply imbalance has manifested itself in continued rental growth, and a series of relevant office occupational transactions are provided in the table below:

Prime West End Office Transactions

Date Floor Address Sq Ft Rent psf Tenant

Dec-17 2,3 73 Brook Street, W1 4,617 £150 Shamal Jersey Ltd

Oct-17 5 30 Berkeley Square, W1 7,803 £175 Vedanta Resources

Oct-17 4 5 St James's Square, SW1 2,934 £135 Melqart Asset Management

Sep-17 4 30 Berkeley Square, W1 7,803 £135 Vedanta

Sep-17 5,6,7 11 Hanover Square, W1 12,512 £116 Summit Partners

Jun-17 3 8 St James's Square,SW1 11,055 £135 Onyx

May-17 Pt G,1 5 St James's Square, SW1 2,982 £190 SHL

Apr-17 Pt 8 Devonshire House, W1 8,568 £120 Strategic Value Partners

Feb-17 3 24a Savile Row, W1 4,543 £115 LMR Management Services

Feb-17 4 7 Clarges Street, W1 8,134 £120 Fortress Investment Group

28 29 RESTAURANT OCCUPATIONAL MARKET

Mayfair’s affluent residential and corporate population, coupled with its high level of tourist footfall and unrivalled amenities have seen it become the epicentre of London’s fine dining scene.

In a strong illustration of this, over a third of London’s Michelin-starred restaurants are currently found in Mayfair, with recent high profile arrivals such as Jamavar, Sexy Fish and The Araki joining established destinations such as Novikov, Le Gavroche and Nobu.

The critical importance of a premises’ micro-location, coupled with a planning climate that currently limits the conversion of A1 to A3 use, has led to an acute demand / supply imbalance, and significant premiums are often paid by operators in order to secure what is becoming an increasingly rare supply of suitable space.

This dynamic has also led to exponential rental growth in the sector, as illustrated by the recent lettings detailed in the table below:

Prime West End Restaurant Transactions:

Date Floor Address Event Rent psf Tenant Q3-17 G,LGF 16 Albemarle Street, W1 RR £180 Chor Bizarre Over a third of Q2-17 G, LGF 40 Beak Street, W1 OML £150 Sticks n’ Sushi London’s Michelin- Q3-16 G,LGF 26 Albemarle Street, W1 OML £256 Isabel starred restaurants Q2-16 G,LGF 25/26 Albemarle Street, W1 OML £233 Winter Restaurants

Q2-16 G,LGF 19/20 Dover Street, W1 OML £250 Cristina Saulini are currently found Q1-16 G,LGF 81 Dean Street, W1 OML £155 Wagamama in Mayfair Q4-14 G,LGF Berkeley Square House, W1 OML £180 Sexy Fish

30 31 INVESTMENT OWNER OCCUPIER / MARKET DEVELOPMENT MARKET

The macro-economic factors of historically Demand remains strong for vacant as well as low interest rates, low inflation and increased London is the world’s occupied property, reflecting its sheer scarcity 67% of office space in the West credit availability continue to attract leading financial centre and underlying desirability to owner occupiers End due to be delivered in 2018 investment into the West End commercial and competitive business and developers alike. has already pre-let property market. environment, ranking

ahead of 109 other Developers’ demand has been driven by historically low These favourable investment conditions have been international cities vacancy rates in the West End / the associated buoyant enhanced by sustained devaluation of Sterling, and occupational conditions, while for owner occupiers, the underpinned by London’s enduring comparative strengths - Global Financial Centres Index (March 2018) opportunity to acquire self-contained, headquarter space such as its transparent legal system, deep pool of skilled in the West End is highly coveted and in the case of labour, high tourism figures and linguistic advantages. Mayfair freeholds, carries trophy status.

Strong occupational conditions in both the office and A series of transactions which demonstrate these retail sectors have compounded this attractive investment conditions are detailed below: climate and maintained downward pressure on yields, which currently stand at record low levels.

A series of investment transactions that carry relevance to the end-value of the consented scheme are detailed below:

Mayfair Investment Transactions Mayfair Vacant Possession Transactions

Date Address Tenure Sector CV NIY PSF Date Address Tenure UXT / Gearing CV CV PSF

Q2-18 49 Albemarle Street, W1 FH Gallery / Office £20.75M 3.06% £2,552 Q4-17 75-77 Brook Street, W1 LLH 125 yrs / 10% £13.2M £2,253

Q1-18 21 Cork Street, W1 FH Gallery / Office £19.6M 2.39% £3,103 Q2-17 34 St George Street, W1 FH - £4.7M £3,140

Q4-17 31 Dover Street, W1 FH Restaurant / Office £22.4M 3.07% £2,223 Q2-17 27 Grosvenor Street, W1 LLH 103 yrs / 15% £9.5M £2,978

Q3-17 61 South Audley Street, W1 LLH Retail £9.6M 3.06% £2,815 Q2-17 29 Sackville Street, W1 FH - £17.6M £2,482

Q3-17 36 Dover Street, W1 FH Retail / Office £41.6M 3.41% £2,840 Q1-17 45 Clarges Street, W1 FH - £7.5M £2,362

Q2-17 18 Conduit Street, W1 vFH Retail £7.0M 1.68% £3,512 Q2-16 27 Berkeley Square, W1 LLH 108 / 10% £22.9M £3,856

Q1-16 21 Hanover Square, W1 FH Retail / Office £28.1M 2.00% £3,609 Q1-16 3 Cavendish Square, W1 vFH 999 yrs £27.0M £2,553

Q1-16 8-10 Hanover Street, W1 FH Office £70.0M 3.30% £2,635 Q1-16 33 Grosvenor Street, W1 LLH 125 yrs / 10% £33.8M £2,951

32 33 FURTHER CONTACT INFORMATION

VAT Savills Michael Elliott The property is elected for VAT and as such, VAT will be payable on the purchase price. Jonathan O’Regan Mark Shipman +44(0)207 409 8179 +44(0)207 493 8184 EPC [email protected] [email protected] A copy of the EPC is available on request. James Purdon Scott Lister +44(0)207 409 5920 +44(0)207 529 5704 Marketing Dataroom [email protected] [email protected] Further technical, planning and legal information relating to the property is available on a secure Mark Gilbart-Smith Nathan Sugar data room, accessible on request. +44(0)207 409 5925 +44(0)7867 531 489 [email protected] [email protected] Proposal We are instructed to seek offers in excess of £18,500,000, subject to contract and exclusive of VAT, for the freehold interest in the property.

This reflects a capital value of £1,811 psf on the existing areas.

The property is held in a Guernsey-based SPV which is available to purchase.

Important Notice Savills, Michael Elliott and their clients 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 Commercial Marketing: 020 7499 8644 | April 2018

34 35