1-2 HARDWICK STREET LONDON EC1
PRIME CLERKENWELL MULTI-LET FREEHOLD 1-2 HARDWICK STREET 1-2 HARDWICK STREET
STRIKING FORMER VICTORIAN WAREHOUSE PROVIDING 19,456 SQ FT OF CREATIVE, MEDIA-STYLE OFFICES
2 3 1-2 HARDWICK STREET 1-2 HARDWICK STREET
INVESTMENT SUMMARY
Freehold
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Located in the heart of Clerkenwell - a TMT hotspot and home to some of the most exciting names in global business
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Prominent corner freehold with substantial dual frontage to Hardwick Street and Amwell Street
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Excellent connectivity with Farringdon, King’s Cross and Angel stations all within close proximity
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Less than 2 minutes’ walk from the exciting restaurants and bars on Exmouth Market
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Majority refurbished 2017-18 to provide 19,456 sq ft (1,807.5 sq m) of high quality, warehouse-style offices
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Multi-let at a passing rent of £1,119,675 pa reflecting £57.55 psf overall - 28% discount to prime Farringdon rents of £80.00 psf
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WAULT of 3.07 years to expiry (2.35 years to breaks)
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Offers in excess of £19,450,000 (£999 psf) reflecting a NIY of 5.39% (assuming purchaser costs of 6.67%)
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4 5 1-2 HARDWICK STREET 1-2 HARDWICK STREET MOUNT PLEASANT 1-2 EXMOUTH ROYAL MAIL CLERKENWELL CITY OF ST PAUL’S MARKET OLD STREET SORTING OFFICE GREEN LONDON FARRINGDON CATHEDRAL HARDWICK STREET LONDON EC1
HOLBORN
FARRINGDON ROAD
RUSSELL SQUARE
LOCATED IN THE HEART OF CLERKENWELL - KING’S CROSS/ST PANCRAS ONE OF CENTRAL LONDON’S MOST DESIRABLE AND SOUGHT AFTER SUB-MARKETS 6 7 1-2 HARDWICK STREET 1-2 HARDWICK STREET
CLERKENWELL
ONE OF CENTRAL LONDON’S MOST VIBRANT AND DIVERSE SUB-MARKETS - HOME TO PRESTIGIOUS CORPORATE OCCUPIERS, FASHIONABLE RESIDENTIAL SCHEMES, BOUTIQUE HOTELS AND HIGH-CLASS RESTAURANTS
Hardwick Street is situated in a diverse and exciting pocket of vibrant Clerkenwell and a short distance south of popular Angel and forward thinking King’s Cross.
Clerkenwell is one of Central London’s most fashionable office districts and is at the centre of the city’s rapidly expanding tech sector. The area is known for its diverse office stock including the much sought after warehouse office accommodation loved by the growing creative, fashion and tech sectors.
Some of the world’s brightest and most innovative businesses have chosen Clerkenwell for their headquarters. A diverse list of global businesses have moved within, or to the area in recent years, the most notable being LinkedIn (Microsoft), Alexander McQueen, LiveNation (Ticketmaster), Unilever and Fred Perry.
The attraction of Clerkenwell is underpinned by excellent amenities with a diverse retail, leisure and restaurant offering. Exmouth Market has become one of London’s premier daily food markets providing office workers with an unparalleled choice of cuisines.
LOCATION
1-2 Hardwick Street occupies a prominent corner position on the junction of Hardwick and Amwell Street. This desirable location is within 150 metres of the bustling Exmouth Market and a short walk from a number of Central London’s main transport hubs.
8 9 1-2 HARDWICK STREET
29 27 M 30 ANGEL I D L 33 32 A 34 36 N ← 35 D
R 31 O PENTONVILLE ROAD CLERKENWELL IS HOME TO AN IMPRESSIVEA LINE UP KING’S CROSS D OF OFFICE OCCUPIERS AND EXCELLENT AMENITIES ST PANCRAS 27
28 15 LOCAL OCCUPIERS ST PANCRAS 14 EV 12 CITY ROAD ERSHOLT STREET INTERNATIONAL
1 LinkedIn (Microsoft) 19 ITN Productions 13 2 Splash Worldwide 20 Octopus Group 8 3 Deloitte Digital 21 Amnesty International
4 Zaha Hadid Architects 22 Workspace Ink Rooms 10 15
5 Publicis Groupe 23 TransactWorld UK
G GOSWELL ROAD 6 Unilever 24 Capital Architecture R 24 EUSTON ROAD A 11 7 Tesco Digital 25 DNA Associates Y 13 ’ 12 EUSTON8 Fred Perry 26 City University UOL S 25 26 I 9 9 GoCardless 27 The Office Group N N 10 LiveNation 28 Change, Grow Live 13 MINUTES R 16 O 17 14 HAMPSTEAD ROAD 11 Alexander McQueen 29 Spaces D A 12 Cowan London Limited 30 ViaVan D
13 Dalziel & Pow 31 Expedia FARRINGDON23 ROAD22 1 3 EUSTON ROA14 Oliver Agency 32 Ticketmaster 21 2 4 15 Ampere Analysis 33 Born Group 16 IDEO 34 Money Farm GREAT EASTERN STREET 6 EUSTON 17 Moonpig 35 World Cancer Research Fund TAVISTOCK SQUARE 18 Adidas 36 The Office Group 2 GREAT PORTLAND SQUARE CORAM’S WARREN WOBURN PLACE 4 STREET FIELDS 9 STREET 9 MINUTES LEISURE & AMENITIES 20 9 T UE 8 CITY R VEN 8 6 1 Exmouth Market 10 The Drunken Butler 10 11 OLD STREE 3 2 Caravan 11 Dame Alice Owen 19 1
OAD
3 Coin Laundry 12 The George & Monkey SEBERY A 7 7 REGENT’S PARK 4 Gails 13 Sadler’s Wells Theatre RO 16 17 5 5 Leather Lane Market 14 The Pearl & Feather RUSSELL 6 ST JOHN STREET 6 Exmouth Grind 15 The Old China Hand 18 COMMERCIAL ST ROAD TOTTENHAM COUR SQUARE CLERKENWELL 7 Dans Le Noir 16 The Harlequin 4 5 1
8 Grainger & Co 17 The UnionRUS TavernSELL 7
9 The Eagle SQUARE
PORTLAND PLACE
SOUTHAMPTON RO 5 FARRINGDON
2 G R EET LEISURE & AMENITIES R A 3 ALDERSGATE STRE HAT T ROAD Y ’ FARRINGDON THEOBALD’S ROAD S TON 10
1 Citadines 6 The Bryson IN BARBICAN 2 Malmaison 7 The Zetter Townhouse N
R GOODGE 3 The Rookery 8 King’s Cross Royal Scot W O FARRINGDON
GA STREET 4 The Rosebery 9 Travelodge AD
RDEN 10 MINUTES 5 Yotel 10 The House of Toby London Y CHARTERHOUSE STREET
ROAD CHANCERY ET
10 LANE 11 HIGH HOLBORN LOOMSBURY WA B HOLBORN LONDON WALL HOLBORN TOTTENHAM HOLBORN VIADUC BISHOPSGATE COURT ROAD HOLBORN HIGH T OXFORD STREET CITY THAMESLINK MOORGATE
GRESHAM STREET
CHARING CROSS ROAD
KINGSWAY LANE ST PAUL’S
E FETTER U THREADNEEDLE STREET
FLEET STREET FARRINGDON STREET N E V BOND STREET A
CH Y W TREET LD KING WILLIAM STREET Y R A U COVENT SB CANNON STREET TE GARDEN AF COVENT SH QUEEN VICTORIA STREET GARDEN STRAND PIAZZA
GRACECHURCH S TEMPLE UPPERTHAMES STREE LEICESTER VICTORIA EMBANKMENT BLACKFRIARS SQUARE T
E
REGENT STREET K BRIDG LOWER THAMES STREET
E STRAND
CHARING CROSS SOUTHWAR EMBANKMENT
LONDON BRIDG 1-2 HARDWICK STREET 1-2 HARDWICK STREET
COMMUNICATIONS A HIGHLY ACCESSIBLE LOCATION IN CLOSE PROXIMITY CROSSRAIL GAME CHANGING NEW TRANSPORT INFRASTRUCTURE TO A NUMBER OF MAJOR TRANSPORT HUBS ELIZABETH LINE AT FARRINGDON INCREASING TENANT DEMAND AND APPLYING UPWARD PRESSURE ON CLERKENWELL RENTS
ANGEL KING’S CROSS/ ST PANCRAS 8 mins 3 mins
14 mins 0.4 miles STRATFORD 10 mins HEATHROW BOND STREET WHITECHAPEL 30 mins 4 mins FARRINGDON 5 mins 0.7 miles 6 mins
READING PADDINGTON TOTTENHAM LIVERPOOL 59 mins 8 mins COURT ROAD STREET 2 mins 2 mins CANARY WHARF 8 mins
HEATHROW CITY GATWICK LUTON STANSTED 14 mins 30 38 39 36 52 0.7 miles 18 mins 6 mins 9 mins 0.9 miles AIRPORT JOURNEY TIMES (MINS) FROM FARRINGDON STATION 6 mins 0.5 miles 0.5 RUSSELL SQUARE 4 mins
CROSSRAIL KEY STATS
BRINGING LESS THAN 2 NEW TICKET A TRAIN EVERY 200 30 AN EXTRA 3-WAY HALLS 82,000 CONNECTIVITY PASSENGERS MILLION MINUTES 200 AT COWCROSS FARRINGDON 1.5 METRES TO LONDON 150 PASSENGERS TO LONDON STREET (WESTERN PER DAY AT SECONDS MILLION FROM THE NEW UNDERGROUND, FARRINGDON PER ANNUM HEATHROW HALL) AND AT PEAK TIMES PEOPLE WITHIN ELIZABETH LINE THAMESLINK AND STATION CHANCERY LANE AIRPORT LINDSEY STREET THROUGH 45 MINUTES OF AT FARRINGDON ELIZABETH LINE (EASTERN HALL) CENTRAL CENTRAL LONDON STATION SERVICES LONDON
12 13 1-2 HARDWICK STREET 1-2 HARDWICK STREET
FULLY REFURBISHED BETWEEN 2017-18 TO PROVIDE HIGH QUALITY, WAREHOUSE-STYLE OFFICES
14 15 1-2 HARDWICK STREET 1-2 HARDWICK STREET
LET AT AN AVERAGE OF £57.55 PSF - 28% DISCOUNT TO PRIME CLERKENWELL RENTS OF £80.00 PSF
16 17 1-2 HARDWICK STREET 1-2 HARDWICK STREET
IDEALLY SUITED TO OCCUPIER DEMAND
18 19 1-2 HARDWICK STREET 1-2 HARDWICK STREET
RETAINED ORIGINAL FEATURES INCLUDING EXPOSED BRICKWORK & STRUCTURAL STEEL COLUMNS
20 21 1-2 HARDWICK STREET 1-2 HARDWICK STREET
CRITALL-STYLE WINDOWS PROVIDING EXCELLENT LEVELS OF NATURAL LIGHT
22 23 1-2 HARDWICK STREET 1-2 HARDWICK STREET
IMPRESSIVE 4TH FLOOR EXTENSION ADDED IN 2017
24 25 1-2 HARDWICK STREET 1-2 HARDWICK STREET
STYLISH GLASS-BOX PENTHOUSE WITH STRIKING OUTDOOR TERRACE & IMPRESSIVE VIEWS OVER LONDON Image capture 2017 pre-letting
26 27 1-2 HARDWICK STREET 1-2 HARDWICK STREET
STRONG LEASING ACTIVITY FROM A BROAD OCCUPIER BASE
28 29 1-2 HARDWICK STREET 1-2 HARDWICK STREET
OFFICE SPECIFICATION
Refurbished reception area
VRF air conditioning
Fully accessible raised floors
Exposed brickwork & structural columns
Newly refurbished WCs
Secure cycle storage
Shower and locker facilities
Passenger lift
4th floor roof terrace
30 31 1-2 HARDWICK STREET 1-2 HARDWICK STREET
TERRACE/COURTYARD OFFICE ACCOMMODATION FLOOR PLANS
1-2 Hardwick Street has been independently measured by Sterling Temple in accordance with the elec.
Fire RICS code of Measuring Practice (6th Edition) and comprises the following Net internal Areas (NIA). Exit
Locked
elevator Floor Use GIA NIA Sq Ft Sq M Sq Ft Sq M
4th Office 2,696 250.5 2,348 218.1 Locked radiator
3rd Office 4,063 377.5 3,568 331.5 radiator
2nd Office 4,030 374.4 3,564 331.1 radiator
1st Office 3,947 366.7 3,496 324.5
Ground Office 3,645 338.6 3,145 292.2 LOWER Lower Ground Office 4,180 388.3 3,338 310.1 GROUND
22,561 2,096.0 19,456 1,807.5
HARDWICK STREET
elevator
elec. AMWELL STREET AMWELL STREET
GROUND NOT TO SCALE. INDICATIVE ONLY.
32 33 1-2 HARDWICK STREET 1-2 HARDWICK STREET
TERRACE/COURTYARD OFFICE
radi radi ator ator
elevator eleva tor
radiator radiator
FIRST THIRD
fire exit fire exit
radiator
elevator elevator
radiator
radiator
radiator
radiator radiator
SECOND FOURTH
NOT TO SCALE.
fire exit INDICATIVE ONLY.
34 35 1-2 HARDWICK STREET 1-2 HARDWICK STREET
TENURE PLANNING
Freehold Located in the London Borough of Islington.
1-2 Hardwick Street is not Listed but lies within the Rosebery Avenue Conservation Area.
HARDWICK STREET
T
W I C K S T R E E HARD AMWELL STREET
T
A M W E L LS T R E E
MERLIN STREE
T
ENUE AV Y
ROSEBER
Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved
36 37 1-2 HARDWICK STREET 1-2 HARDWICK STREET
TENANCY SCHEDULE
MULTI-LET PRODUCING A CURRENT RENT ON SALE OF £1,119,675 PA REFLECTING A LOW AVERAGE PASSING OF £57.55 PSF OVERALL. WAULT OF 3.07 YEARS TO EXPIRY (2.35 YEARS TO BREAK).
FLOOR AREA TENANT LEASE LEASE RENT BREAK RENT RENT COMMENTS (SQ FT) START EXPIRY REVIEW (£ PA) (£ PSF)
4th 2,348 Game Analytics Ltd 3-Nov-17 2-Nov-22 - - £156,450 £66.63 • Outside the 1954 LTA. • Outside the 1954 LTA. • Rent deposit of £58,581.25 + VAT. 3rd 3,568 Truelayer Ltd 17-Aug-18 16-Aug-23 - - £234,325 £65.67 • Deed relating to pre-emption rights between LL & Truelayer in respect of the basement, ground & 4th floor. • Outside the 1954 LTA. 2nd 3,564 Truelayer Ltd 17-Aug-18 16-Aug-23 - - £231,075 £64.84 • Rent deposit of £57,768.75 + VAT.
• Outside the 1954 LTA. 1st 3,493 Truelayer Ltd 4-Sep-19 16-Aug-23 - - £227,825 £65.22 • Rent deposit of £56,956 + VAT.
Ground 3,145 • Inside the 1954 LTA. • RR & TBO on in year 7 on 6 months’ prior written notice. The Academy Media Ltd 7-Aug-17 6-Aug-27 7-Aug-24 7-Aug-24 £270,000 £41.65 • 7 month RFP from 07-Aug-24 expiring 06-Mar-25 if TBO Basement 3,338 not exercised.
TOTAL 19,456 £1,119,675 £57.55
38 39 1-2 HARDWICK STREET 1-2 HARDWICK STREET
TENANT INFORMATION
THE ACADEMY MEDIA LIMITED (COMPANY NO. 03445022)
Founded in 2014 by Mitch Kaye and Dan Glover, the Academy is an independent PR agency on a mission to bring the brightest minds together to create work that gets noticed, solves a problem, and passes into popular culture. Academy’s work encompasses PR and advertising, design and identity, digital and live experiences. The Academy network includes: – Jubba – a full service creative events agency which includes Instagram, Airbnb and A mazon as flagship clients. – All Things Considered – which specialises in arts and culture PR. – The Academy Productions – a film production business fronted by BAFTA-nominated filmmaker Gary Tarn. Further information can be found at https://www.theacademypr.com/
TRUELAYER LIMITED (COMPANY NO. 10278251)
Founded in 2016 by Francesco Simoneschi and Luca Martinetti, TrueLayer is a leading technology company providing secure, global access to financial infrastructure. Truelayer offers a toolkit that enables software developers to build best-in-class financial apps that connect to bank data, verify accounts, and initiate payments in real time. Truelayer is connected to major banks across the world, backed by leading venture capital including Temasek, and trusted by some of the biggest names in fintech including Monzo, Revolut, and Zopa. The firm now accounts for more than half of all UK Open Banking traffic and has begun broadening its services to France, Italy, Spain and Australia. To date Truelayer has raised $72 million in funding with their most recent Series C funding raising $25m in September 2020. Further information can be found at https://truelayer.com/
GAME ANALYTICS (COMPANY NO. 09214168)
Founded in 2011 by Morten Wulff, Game Analytics was the first analytics platform built for video games. Their mission is to build a powerful, free service that helps developers worldwide to monitor and improve everything about their video games. Today, Game Analytics is one of the world’s most popular analytics tools for games, used by indie developers, games studios, and established publishers around the world. Their network is approaching 100,000 games, which are played by more than 1.2 billion people each month. CONSTANT TENANT DEMAND WITH Since inception, Game Analytics has received over $8M in funding from high-profile tech investors, including Michael Arrington (Founder of TechCrunch) and Jimmy Maymann A LOW HISTORIC VACANCY (CEO at Huffington Post). In 2016, the company was acquired by the leading mobile advertising company, Mobvista. For more information visit https://www.gameanalytics.com
40 41 1-2 HARDWICK STREET 1-2 HARDWICK STREET
– Low interest rate environment, diminished returns on UK – Clerkenwell is one of Central London’s most desirable and INVESTMENT Government bonds and the devaluation of Sterling continues LEASING sought-after sub-markets. to make a compelling case for Central London real estate. – Clerkenwell is strategically located in the City Fringe, benefitting MARKET – Strong demand and an acute lack of supply maintaining downward MARKET from supply constraints in City and West End. pressure on yields. – Exceptional connectivity less than 10 minutes from the new – Unprecedented levels of demand from both domestic and Elizabeth Line at Farringdon Station. international capital. – Affordable rents relative to the West End and ever-improving – Clerkenwell - robust occupational and investment credentials, amenity provisions. underpinned by a severe lack of supply, affordable rents relative – Significant investment and development from numerous high-profile to the West End. developers successfully attracting a broad occupier base. – Prime yields of 4.00% - 4.25%. – Destination of choice for financial, TMT and creative occupiers – Capital values in excess of £1,400 per sq ft. including Publicis Groupe, Moonpig.com, LinkedIn and Kurt Geiger and Ben Sherman. – Prime rents of £75.00 - £80.00 per sq ft. – Average rent-free periods of 15 months on 10 years and 9 months on 5 years. CAPITAL AREA RENT DATE ADDRESS TENURE PRICE NIY VALUE BUYER (SQ FT) (£ PA) (£ PSF)
Mar-21 1-2 Hardwick Street, EC1 FH 19,456 £1,119,675 £19,450,000 5.39% £999.67 Available
The Corner Building, Mar-21 FH 18,458 £1,145,239 £22,000,000 4.87% £1,192 Available 91-93 Farringdon Road, EC1 75 Farringdon Road, Panagram, EC1 Goswell Road, EC1 The Lever Building, CBRE Capital - Mar-21 FH 30,637 £1,745,000 £38,500,000 4.24% £1,257 85 Clerkenwell Road, EC1 Merseyside City Council Tenant Millberg London Tenant Leigh Day Size 1,728 sq ft Size 28,360 sq ft Saffron House, M&G Asia Property Mar-21 FH 72,989 £4,180,057 £78,305,000 5.00% £1,073 Floor 7th floor Floors 3rd – 7th 6-10 Kirby Street, EC1 Trust Rent £77.50 psf Rent £65.00 psf Knight's Quarter, Private European Term 5 year break at 3 Term 12 years Nov-20 FH 19,665 £790,000 £17,600,000 4.20% £895 14 St John's Lane, EC1 Investor Date Q1 2021 Date Q1 2021
Oct-20 20-24 Kirby Street, EC1 FH 22,356 £876,450 £18,500,000 4.44% £828 Morgan Capital
La Francaise Real Jul-20 17-18 Haywards Place, EC1 FH 11,214 £695,000 £15,600,000 4.17% £1,391 Estate Partners
Chapter House, RTP Global Real Estate Jun-20 FH 33,982 £2,202,552 £46,000,000 4.48% £1,354 Link House, 38 – 42 St John Street, 1-2 Cranwood Street, EC1 Investments Cowcross Street, EC1 EC1 La Francaise Real Apr-20 90 Bartholomew Close, EC1 FH 30,929 £2,031,224 £48,500,000 3.92% £1,568 Tenant Oatley Tenant EH Smith Estate Partners Size 2,365 sq ft Size 5,101 sq ft Floor 4th & 5th Floors LG / G Jan-20 24- 25 Britton Street, EC1 FH 49,903 £2,806,000 £64,600,000 4.07% £1,295 ENPAM Rent £73.50 psf Rent £41.00/£73.00 psf Term 5 year break 3 Term 5 years Dec-19 44-46 Sekforde Street, EC1 FH 8,378 £512,158 £9,650,000 4.97% £1,152 Private Family Office Date Q4 2020 Date Q3 2019
The Buckley Building, Aug-19 FH 85,100 £4,870,000 £103,000,000 4.43% £1,210 CBRE Global Investors 49 Clerkenwell Green, EC1
42 43 1-2 HARDWICK STREET 1-2 HARDWICK STREET
INVESTMENT FURTHER RATIONALE INFORMATION
Low capital value of £999 psf compared to recent VAT Clerkenwell transactions of more than £1,400 psf 1-2 Hardwick Street is elected for VAT — and it is anticipated that the transaction Attractive Net Initial Yield of 5.39% vs. prime Farringdon with be treated as a Transfer of Going yields of 4.00% Concern (TOGC). — EPC Freehold Available on request. — Offices let off an average of £57.55 psf -28% discount to Capital Allowances prime Farringdon rents of £80.00 psf Further information available on request. — Comprehensively refurbished in 2014 with no immediate Virtual Tour CAPEX required A Matterport Virtual Tour can be found — here: Significant landlord control with 75% of the income contracted outside the LTA 1954 — Strong leasing history from a broad occupier base 360° — Creative, warehouse-style offices ideally suited to occupier demand — Located in the heart of Clerkenwell one of Central London’s growth locations with constant tenant demand — First class local amenities – less than 200m from the exciting restaurants and bars on Exmouth Market — Highly accessible location in close proximity to the new Elizabeth Line at Farringdon Station —
44 45 PROPOSAL
OFFERS IN EXCESS OF £19,450,000 (£999 PSF) REFLECTING A NIY OF 5.39% (ASSUMING PURCHASER COSTS OF 6.67%)
CONTACT
Dominic Rowe Nick Steele Peter Ng [email protected] [email protected] [email protected] DD +44 (0) 207 529 5706 DD +44 (0) 207 529 5709 + 65 6733 3212 Mobile +44 (0) 7771 766 094 Mobile +44 (0) 7771 357 714
Michael Raibin Kyle Joss Julian Meir [email protected] [email protected] [email protected] DD +44 (0) 207 101 2020 DD +44 (0) 207 487 1958 DD +44 (0)207 344 6647 Mobile +44 (0) 7880 795 679 Mobile +44 (0) 7712 241 851 Mobile +44 (0) 7928 654 929
Disclaimer Colliers and Michael Elliott LLP on its behalf and as agents for the Vendors or Lessors of this property, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Whilst Colliers and Michael Elliott LLP use reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. Colliers and Michael Elliott LLP as such cannot be held responsible for any loss or damage whatsoever, including without limitation, any direct, indirect, or consequential loss or damage or any loss of profits resulting from direct or indirect actions based upon the content of these particulars. 3. No person in the employment of Colliers nor Michael Elliott LLP has any authority to make any representation or warranty whatsoever in relation to this property or the company and potential Purchasers, Lessees or Third parties will therefore not rely upon any statement made, or information provided, by any employee of Colliers and Michael Elliott LLP. 4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication for guidance purposes and, unless otherwise stated, are quoted exclusive of VAT. Lease details and service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contract(s). March 2021 (Q4716 cube-design.co.uk)