BLOOMSBURY LONDON WC2 LONDON WC2 Prime Bloomsbury Freehold Development Opportunity BLOOMSBURY LONDON WC2 INVESTMENT SUMMARY • Prime Bloomsbury location between Shaftesbury Avenue and High Holborn, immediately to the north of Covent Garden. • Attractive period building arranged over lower ground, ground and three upper floors totalling 10,442 sq ft (970.0 sq m) Gross Internal Area. • The property benefits from detailed planning permission, subject to a Section 106 agreement, for change of use and erection of a roof extension to six residential apartments (C3 use) comprising 6,339 sq ft (589.0 sq m) Net Saleable Area and four B1/A1 units totalling 2,745 sq ft (255.0 sq m) Gross Internal Area, providing a total Gross Internal Area of 12,080 sq ft (1,122.2 sq m). • The property will be sold with vacant possession. • The building would be suitable for owner occupiers, developers or investors seeking to undertake an office refurbishment and extension, subject to planning. • Freehold. • The vendor is seeking offers in excess of £8,750,000 (Eight Million, Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, which equates to £838 per sq ft on the existing Gross Internal Area and £724 per sq ft on the consented Gross Internal Area. BLOOMSBURY LONDON WC2 LOCATION The thriving Bloomsbury sub-market sits between Soho to the west, Covent Garden to the south and Fitzrovia to the north. The local area is internationally known for its unrivalled amenities with the restaurants and bars of Soho and theatres and retail provision of Covent Garden a short walk away. SITUATION Situated on Grape Street, in a prime Bloomsbury location between Shaftesbury Avenue and High Holborn, the property benefits from the retail and amenities of Covent Garden and Soho. The area is characterised by numerous specialist retailers, high class restaurants and hotels, together with good quality offices and attractive private residences. COMMUNICATIONS The property benefits from its proximity to Tottenham Court Road providing access to the Northern and Central lines, Covent Garden providing access to the Piccadilly line and Holborn providing access to the Piccadilly and Central lines. CROSSRAIL Tottenham Court Road is also set to significantly benefit from Crossrail Crossrail route map with trains scheduled to be running from 2018. When complete, it is estimated that Tottenham Court Road will serve c.73 million Forest Harold passengers per year making it one of London’s key transport hubs. Stratford Gate Ilford Goodmayes Romford Wood Shenfield Tottenham Court Road Station is one of the key Central London Hayes & Ealing Bond Maryland Manor Seven Chadwell Gidea Brentwood Crossrail stations and undergoing a £1 billion redevelopment. The Taplow Slough Iver Harlington Hanwell Broadway Street Farringdon Whitechapel Park Kings Heath Park Custom Maidenhead Burnham LangleyWest Southall West Acton Paddington Liverpool Abbey project will deliver a new station with improved access to both the House Drayton Ealing Main Line Street Wood Crossrail and London Underground networks as well as creating new Tottenham Heathrow Canary Woolwich high-quality retail, office and residential accommodation above the Airport Court Road Wharf station. It is estimated that the service will enhance capacity across Central London by 20% with over 250 million passengers a year using Surface line the service. This project will transform Central London especially in Tunnel locations close to new or updated stations. 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