Prime Aldgate Virtual Freehold 77–81 Alie Street Investment For Sale 77–81 Alie Street London E1 1 77–81 Alie Street Investment Summary ■ Virtual freehold – 999 year lease from March 2012 at peppercorn rent. ■ Spectacular Grade A office accommodation and restaurant completed in 2014, arranged over Ground and 5 upper floors. ■ Prime Aldgate location, a dynamic and vibrant London sub-market in the Central London tech belt. ■ Excellent connectivity, within 15 minutes walk of the new Elizabeth Line Stations at Whitechapel and Liverpool Street Station and within 15 minutes walk of eight mainline/underground stations. ■ 8,593 sq ft of prime office accommodation arranged over 1st to 5th floors and ground floor restaurant. ■ Multi let to 4 tenants at a total passing rent of £363,171 per annum reflecting a low overall rent of £42.25 per sq ft, increasing to £389,275 reflecting an overall rent of £45.29 per sq ft from 25th March 2021. ■ Weighted Average Unexpired Lease Term of 2.9 years to lease breaks and 4.7 years to lease expiries. ■ Offers invitedin excess of £6 million, subject to contract and exclusive of VAT, reflecting alow capital value of £698 per sq ft. This reflects anet initial yield of 6.07% from March 2021 and a reversionary yield of 6.22%, assuming purchaser’s costs of 6.8%. 2 77–81 Alie Street London Aerial View Bridge Monument 20 The 30 Moorgate Fenchurch The Leadenhall St Mary The Shard Street Scalpel Building Axe St Katherine Tower Tower Tower Fenchurch Aldgate Aldgate Liverpool Docks Bridge Gateway Hill 77–81 Street East Street 3 Alie Street 77–81 Alie Street Location 77 & 81 Alie Street is situated in a prominent position on the northern side of Alie Street in Aldgate which is adjacent to the City of London. Aldgate is one of London’s most diverse and vibrant areas and has benefitted from an influx of occupiers from the tech and creative sectors as well as from the financial, professional and insurance sectors. The immediate local area has seen significant development activity to provide plenty of amenities Treves & Hyde, Whitechapel Aldgate Square including restaurants, bars, cafés, hotels and the 7 acre mixed use including residential at the Goodman’s Fields development. St Katharine Docks Coppa Club, Tower Bridge Curzon, Aldgate Goodman's Fields, Chaucer Gardens St Katharine Docks 4 Shoreditch High Street Quaker St Buxton St V a l la n c d 77–81e Alie Street R R y d t i C The Old Truman d Brewery 5 R n i Hanbury St a t r u The Area C 3 Old Spitalfields Market e t t e S a gu g ta s Brushfield St n p o M o ld h O Whitechapel s i B Local Amenities B r 10 ic k t S L e Moorgate a gu n ta e on M Food & Drink Hotels 4 Orange Theory C 9 ld o O Liverpool m Fitness m 5 1 Amber London 1 Hotel Motel One Street e r c ia 5 Hayaa Fitness l 2 Pizza Union 2 Hotel Indigo Lo S nd M t on W all id d 2 7 N 6 DW Fitness Fitness l 3 The Pastry 3 Leonardo Royal e e s w e x R S Whitechapel d Parlour t Gallery 4 The Chamberlain H t o 6 S u gh n Hi 4 d Aldgate East 4 The Dispensary Entertainment t te S s a 5 Dorsett City d g ld d it A a c & Culture h o 5 Pret A Manger 6 Leman Locke r 6 B Commercial Rd d 1 Curzon l 6 Exmouth Coffee O e 7 Premier Inn x A y Aldgate 1 Company 2 Whitechapel r 4 a 7 C t M 2 a S le t 5 n Gallery d S n 7 Circle & Slice ee 4 1 dn 1 o t n Gyms & Fitness ea S r 5 e L i S Th l e A 2 3 t Genesis Cinema m 8 Long Shot Coffee 3 R a d M n 1 CrossFit St a S 4 Gallery 46 Leadenhall St ch n t r s 9 The Culpepper hu e 3 c l 2 Anytime Fitness n l Bank Fe 2 M 1 S t 5 All Star Lanes i 10 Trade n o K r 3 Urban Fitness i t 8 i n e t S Brick Lane g 4 s co s W e Pr i l l i Fenchurch Cable St a m 3 Street t S e S Tower t t n C n ru i t c a M he l Local Occupiers d Gateway C L F a ri y a o a k rs R r n a n o M D n o S c t k R S d t Ea Tower Hill stch eap Monument East Smithfield East Smithfield L owe Tobacco r Th 6 ame Dock s St Santander Cycle docking station Communications St Katharine PTAL rating - 6b (best) Docks LON Tower Fenchurch DON Aldgate BR IEast Whitechapel DGE Gateway Street Elizabeth Line The Elizabeth Line when completed will further enhance the 5 mins 10 mins 13 mins 13 mins connectivity with access from both Whitechapel and Liverpool Street Stations. This new high speed line will provide east to west access and Heathrow Airport will be accessible within 33 minutes. *Walk times according to TfL. 5 77–81 Alie Street Local Developments There has been significant new investment and developments around the locality in the last few years, with more schemes due to be completed in the near future. 60 Aldgate, EC3 80 Fenchurch Street, EC3 The Whitechapel Building, E1 The Hickman, E1 One Braham Street, E1 Developer: Developer: Developer: Developer: Developer: 4C Hotel Group YardNine Derwent London Great Portland Estate Aldgate Developments Size: Size: Size: Size: Size: 213,960 sq ft 250,000 sq ft 272,900 sq ft 78,000 sq ft 343,000 sq ft Comments: Comments: Comments: Comments: Comments: Office accommodation. Completion Office accommodation. Part prelet. Office & exhibition accommodation. Office & retail accommodation. Office and retail accommodation. expected 2022. Under offer. Completed 2020. Completed in 2018. Completion in 2020. Completion 2020. Prelet to BT. Emperor House, Stanza, 40 Leadenhall Aldgate Tower, E1 Goodman's Fields 101 Whitechapel High 35 Vine Street EC3 Street, EC3 Street, E1 Developer: Developer: Developer: Developer: Starwood/Aldgate Developments now Berkeley Homes Developer: owned by China Life & Brookfield Properties Urbanest M&G Real Estate Size: Alliance Property Asia Size: Size: Size: 7 acre site Size: 325,138 sq ft 85,000 sq ft plus student accommodation 900,000 sq ft Comments: 250,000 sq ft Comments: Comments: Comments: Mixed use development. Completed in 2020. Comments: 643 beds student accommodation and office Office & retail accommodation. Completion Office and retail accommodation. Office and retail accommodation. accommodation. Completion expected 2021. expected in 2023. Completed in 2015 Completion date to be confirmed. 6 77–81 Alie Street View virtual tour of 77 Alie Street Emilia's Crafted Pasta 7 77–81 Alie Street The Building 77 & 81 Alie Street is a prime Grade A office building constructed in 2014, which benefits from a ground floor restaurant unit. The building comprising 8,593.80 sq ft is arranged over five upper floors of office accommodation above a ground floor restaurant. The space offers flexible accommodation with great floor to ceiling height and exposed services. Natural light is excellent to provide great wellness. Specification ■ Full height glazing to the south & east ■ 2 WCs per floor on floors 1-3. elevations, providing fantastic natural light ■ 2 communal shower/changing rooms situated throughout the space. on the 4th floor, one of which has a WC. ■ 8 person passenger lift. ■ 2 self contained WCs situated on the 4th floor, ■ Exposed concrete ceiling with exposed ceiling for use of the 4th/5th floor suite. mounted heating/cooling VRF system. ■ High efficiency LG7 compliant LED light fittings, ■ Raised access floor with 100mm void. with digital lighting control system. ■ Communal ground floor accessible WC. ■ BT Openreach fibre optic services. ■ Communal internal bicycle storage. ■ Space for 24 outdoor covers for restaurant. 8 77–81 Alie Street View virtual tour of 81 Alie Street Office and breakout area 9 77–81 Alie Street Accommodation Floor Plans Floor Sq Ft Sq M Ground Floor Plan – 1,723.3 Sq Ft (160.1 Sq M) 1st Floor Plan – 1,585.5 Sq Ft (147.3 Sq M) 5 761.0 70.7 4 1,421.9 132.1 3 1,516.6 140.9 2 1,585.5 147.3 1 1,585.5 147.3 Alie Street Alie Street G 1,723.3 160.1 Total 8,593.8 798.4 4th Floor Plan – 1,421.9 Sq Ft (132.1 Sq M) 5th Floor Plan – 761 Sq Ft (70.7 Sq M) Alie Street Alie Street Office Retail Reception Core Plans not to scale, for indicative purposes only. 10 77–81 Alie Street Tenure 77 & 81 Alie St is held Long Leasehold for a term of 999 years from March 2012. The freehold is now owned by Aviva Investors ground rent GP Limited. Title number – AGL316015 Planning 77 & 81 Alie Street is not listed and is not in a conservation area. The property is located within the London Borough of Tower Hamlets. Tenancies 77 & 81 Alie Street is multi let off a passing rent of £42.25 per sq ft per annum, increasing to £45.29 per sq ft from 25th March 2021. Weighted Average Unexpired Lease Term of 2.9 years to lease breaks and 4.7 years to lease expiries.