21–22 POLAND STREET SOHO Freehold Investment Opportunity London W1 INVESTMENT 02 SUMMARY Attractive Art Deco building in a prime Soho location, offering both leisure and office accommodation. —— Prime—Soho—location—prominently—situated—on—the—east—side—— of—Poland—Street. —— Excellent—transport—links—and—well—positioned—to—benefit—from— 21–22 POLAND STREET the—opening—of—the—Elizabeth—Line—(Crossrail)—in—Autumn—2019—— at—Tottenham—Court—Road. —— Attractive—Art—Deco—building—providing—8,651—sq—ft— (803.7—sq—m)—of—restaurant/bar—and—office—accommodation— arranged—over—basement,—ground—and—five—upper—floors.— —— The—office—accommodation—was—comprehensively—refurbished— in—2016—to—a—high—specification—and—benefits—from—excellent— natural—light. —— Multi—let—to—five—tenants—including—Pepsico—International—Limited— and—Brewdog—Bars—Limited—(guaranteed—by—Brewdog—Plc). —— Average—weighted—unexpired—lease—term—of—6.8—years— to—expiries. —— The—total—current—rent—is—£640,225—per—annum. —— The—restaurant—/—bar—rent—equates—to—only—£90—psf—on—ground— floor—trading—which—provides—good—opportunity—to—increase—— the—rent—at—the—May—2019—rent—review. —— Freehold. —— The—vendor—is—seeking—offers—in—excess—of—£14,500,000— (Fourteen—Million,—Five—Hundred—Thousand—Pounds)—subject—— to—contract—and—exclusive—of—VAT,—which—reflects—a—net—initial— yield—of—4.13%—after—allowing—for—purchaser’s—costs—of—6.73%. LOCATION 03 Soho forms one of the most dynamic sub-markets within London’s West End. Situated between the contrasting districts of Mayfair to the west and Covent Garden to the east; it brings an unrivalled vitality to the capital. 21–22 POLAND STREET The—area—is—rich—with—amenity,—comprising—ninety—streets— that—occupy—a—single—square—mile.—It—is—home—to—a—diverse— array—of—businesses,—independent—and—iconic—restaurants,— artisan—cafés,—lively—bars—and—clubs—and—an—extensive— retail—provision.— Located—in—the—northern—part—of—Soho,—equidistant—between— Oxford—Circus—station—to—the—west—and—Tottenham—Court— Road—station—to—the—east,—Poland—Street—links—Oxford—Street— and—Broadwick—Street,—intersecting—Great—Marlborough— Street.—Soho—is—bordered—by—the—internationally—recognised— addresses—of—Oxford—Street—and—Regent—Street—which,—allied— with—the—Carnaby—Estate—and—the—luxurious—Bond—Street,— make—the—area—one—of—the—world’s—largest—retail—destinations. Major—occupiers—in—Soho—include—M&C—Saatchi,—Nike,—Twitter,— Spotify,—Snapchat,—Twentieth—Century—Fox,—Diageo,—Och-Ziff,— Telefonica—and—Sony—Computer—Entertainment. 21–22— PICCADILLY GREEN GREEN SOHO CARNABY TOTTENHAM POLAND GROSVENOR OXFORD BOND 04 CIRCUS PARK PARK SQUARE STREET COURT ROAD STREET SQUARE CIRCUS STREET REGENT STREET 21–22 POLAND STREET OXFORD STREET ALL ON THE 05 T o DOORSTEP t te n h a Gt Portland St. St. Portland Gt Gt Titchfield St. St. Titchfield Gt m Cavendish N 03 ew C R Square B o e a u m t rn h r a t b e n R o r d. s St n S e . 11 t 04 P . 05 l. OCCUPIERS 12 04 01 20th—Century—Fox 10 M&C—Saatchi 12 02 Absolute—Radio 11 Nike os Cr Charing 03 Bartle—Bogle—Hegarty 12 Och-Ziff Po 04 Diageo 13 Snapchat l and Da Bond Re Oxford 21-22 Tottenham n 05 Facebook 14 Sony— St. vies r gent St. St. gent Court Road Street Circus St POLAND 06 o lb . 09 t. o 06 Google 15 Spotify 15 S STREET H 11 el o Soho 11 h N g 07 Halfords—Media 16 Telefonica Hanover St Giles High St. Hi 12 01 B Square t. Square S e h r ug P w 11 06 08 Hearst 17 Twitter o 12 r ol bo i rl c a a 06 M k t n 09 King 18 Warner—Bros Brook St. G 01 S D d 11 G Rd s 03 S 07 t e . r N 16 21–22 POLAND STREET 05 a 02 e t 11 ew n F e 08 . 02 12 02 r k S . 14 17 i Bo t t S h E Grosvenor t. t. S 03 n BARS & RESTAURANTS S de n ick w t Square d 05 ad 18 W . ll St 10 o 10 r 08 S B a 18 01 100—Wardour—Street 10 Dishoom 13 t. r d 01 o 02 Arbutus 11 Fernandez—&—Wells Da 03 11 ur 09 Seven Grosvenor St. 14 St 03 Barrafina 12 Hakkasan Dials L 04 . 04 08 03 t. e S x 05 01 04 Berners—Tavern 13 HIX in Beak . vies St vies g St 02 t o ton 05 Bob—Bob—Ricard 14 Milk—&—Honey p Re n m o St C 15 ld . ge O 17 Bocca—di—Lupo Nopi ve 06 15 . A y r S n Golden bu av t s te B 07 Brasserie—Zedel 16 Social—Eating—House S 14 13 f a o ile Square Sh w t re . c 04 S A Chotto—Matte 17 The—Ivy R t 08 . g . Mount St. n ow St o 10 r 10 L e w 09 Dean—Street—Townhouse 18 Yauatcha re 06 B Leicester e. Covent v A Square Garden 09 ry 02 01 u Martin St 17 b Covent Berkeley s O 07 RETAIL e 16 Square ld 07 ft Garden a h Bond S 01 Apple 08 Paul—Smith Piazza 06 02 Burberry 09 Rapha 05 S ’s t Lane . 03 Cowshed 10 Scotch—&—Soda Leicester Piccadilly Circus W Square 04 Hugo—Boss 11 Space—NK 08 B h i e t 08 rk c 05 Liberty 12 The—Kooples o el m e an e L H b n 06 Nudie—Jeans 13 A.P.C. y e y a S id St ill a ad y t M cc m . 07 Oliver—Spencer 14 Aesop . Pi a R r k e e g t e n nd t ra . St S St HOTELS n my t Jer . 03 01 Ham—Yard—Hotel 04 The—London—Edition Green Park St 02 The—Soho—Hotel 05 W—London J a m Trafalgar 03 The—Mandrake 06 Hotel—Café—Royal d e an y s’ St James’s Square Str dill s a Picc St Square . MEMBERS CLUBS Charing No rth The—Groucho—Club Disrepute u Cross 01 04 m Green Park b er la Soho—House The—Union—Club nd 02 05 Av e . 03 Blacks—Club 06 The—House—of—St—Barnabas ll Ma The COMMUNICATIONS 06 Stratford Heathrow Bond Street Farringdon 14 mins 36 mins 2 mins 3 mins Reading Paddington TOTTENHAM Moorgate/ 56 mins 5 mins COURT ROAD Liverpool Street Canary Wharf 21–22 POLAND STREET 5 mins 12 mins 06 04 13 mins walk mins walk mins walk Tottenham Oxford Charing Court Road Circus Cross 11 13 14 mins mins mins by underground by underground by underground Kings Cross Green Park Victoria St. Pancras Journey time taken from the building. Source TfL. THE 07 BUILDING 21–22 POLAND STREET THE 08 SPACE 1ST FLOOR 1,549—sq—ft—/—144.0—sq—m 3RD FLOOR 1,003—sq—ft—/—93.2—sq—m The—property—provides—the—following—approximate—— net—internal—floor—areas: Poland—Street Poland—Street Restaurant Sq Ft Sq M Ground—Floor 1,492 138.6 Basement 2,008 186.5 21–22 POLAND STREET Sub Total 3,500 325.1 Office Sq Ft Sq M 5th—Floor 409 37.9 4th—Floor— 862 80.1 3rd—Floor 1,003 93.2 2nd—Floor 1,328 123.4 1st—Floor 1,549 144.0 Sub Total 5,151 478.6 Total 8,651 803.7 N For indicative purposes only. Not to scale. TENANCY 09 SCHEDULE The—property—is—multi-let—to—five—tenants—in—accordance—with— the—tenancy—schedule—and—produces—a—total—current—rent—of— £640,225—per—annum—which—equates—to—an—average—rent—— of—£74.01—per—sq—ft. All—of—the—office—leases—are—excluded—from—the—security—of— tenure—and—compensation—provisions—of—sections—24-28—— of—the—Landlord—and—Tenant—Act—1954—(as—amended). 21–22 POLAND STREET Tenant Name Use Description Sq Ft Sq M Lease Start Lease Next Rent Current Rent Comments Expiry Review Per Annum Madison Sports Office 5th Floor 409 37.9 16/08/2016 15/08/2021 £109,057.50 * Rent deposit of £87,967.50 plus VAT. Group Limited 4th Floor 862 80.1 (£85.80 per sq ft) Total 1,271 118.0 Breather Products Office 3rd Floor 1,003 93.2 28/07/2016 27/07/2 0 2 1 £94,937.50 * Rent deposit of £47,468.50 plus VAT. UK Limited (£94.65 per sq ft) Trust One Financial Office 2nd Floor 1,328 123.4 11/06/2018 10/06/2023 £106,950.00 * Tenant paying half rent until 10/10/2019, Services Limited (£80.53 per sq ft) the vendor will top up the rent. * Tenant break option on 11/06/2021, subject to 6 months notice. The tenant will receive 3 months rent free if they do not exercise their break option. * Rent deposit of £53,475 plus VAT. Pepsico International Office 1st Floor 1,549 144.0 02/05/2017 01/05/2022 £131,280.00 Limited (£84.75 per sq ft) Brewdog Bars Limited Restaurant / Bar Ground Floor 1,492 138.6 17/05/1999 16/05/2034 17/05/2019 £198,000.00 * Lease guaranteed by Brewdog PLC. Basement 2,008 186.5 (£56.57 per sq ft) Total 3,500 325.1 Total 8,651 803.7 £640,225.00 TENANT 10 INFORMATION BrewDog Plc Pepsico International Limited BrewDog—Plc—was—founded—in—2007—and—revolutionised—beer— Pepsico—International—Limited—manufacture—soft—drinks—and— drinking—with—their—passion—for—craft—beer.—BrewDog—has— snacks—worldwide.—They—offer—products—under—the—names—of— become—one—of—the—world’s—best-known—craft—breweries—and— Pepsi—Cola,—Diet—Pepsi,—Pepsi—Max—and—7UP.—The—company— fastest—growing—beverage—brands,—known—for—beers,—bars— was—incorporated—in—1980—and—operates—as—a—subsidiary—— 21–22 POLAND STREET and—crowdfunding.—BrewDog—currently—operates—50—bars—in— of—Pepsico—Inc—who—have—a—market—cap—of—approximately— the—United—Kingdom—and—24—internationally.