43 PARKER STREET WC2 OWNER OCCUPIER OPPORTUNITY HEXAGON COVENT GARDEN Investment summary • Virtual freehold commercial premises with vacant possession ST PAUL’S LINCOLN’S INN FIELDS • Exceptionally well located in Covent Garden, one of London’s premier submarkets THE CITY TOWER THE BLOOMSBURY COVENT BRITISH LONDON HOUSES OF BRIDGE SHARD SQUARE GARDEN MUSEUM EYE PARLIAMENT GARDENS • Situated within a short walk of Covent Garden, Holborn and Tottenham Court Road underground stations, soon to benefit from the arrival of the Elizabeth Line • The property comprises 5,487 sq ft GIA of voluminous commercial space with excellent natural light, its own front door, and generous street frontage, arranged over basement, ground and first floors, and is offered in shell and core condition • The consented use is for B1 offices, but the accommodation is highly flexible and would be suitable for retail, health and fitness, medical and other commercial uses • The property is provided with full vacant possession and in shell and core condition • Very suitable for owner occupiers or private investors • The property is available either on a rental basis, on a lease direct from the landlord or via a purchase of the virtual freehold interest • We are instructed to invite offers at £5,000,000, for the virtual freehold interest, subject to contract and exclusive of VAT • A sale at this level reflects a capital value of £911 per sq ft 2 3 HEXAGON COVENT GARDEN 43 PARKER STREET WC2 LOCATION The property occupies a prominent Covent Garden position, moments from the world renowned Covent Garden Piazza, the variety of retail and amenities on offer along Long Acre and Seven Dials and a wealth culture and theatre with Theatre Royal Drury Lane, the Royal Opera House and the British Transport Museum all nearby. Covent Garden has seen significant commercial regeneration over the last 10 years by major local landowners including Capco and Shaftesbury, helping diversify the office occupier base. Schemes such as Central St Giles and The Post Building have attracted highly successful blue chip tenants such as Google, Red Bull, McKinsey & Co, Rothesay Life and Petro China. COMMUNICATIONS CROSSRAIL Covent Garden draws in 40 million visitors a The property benefits from excellent transport The building is located 500 metres south east of year, making it one of the world’s most popular connections and lies within five minutes walking Tottenham Court Road station, one of the principal retail and leisure destinations, attracted by distance of Covent Garden (Piccadilly Line), and Elizabeth Line stations, cementing Tottenham internationally recognised retail brands, and a Tottenham Court Road stations (Central, Northern Court Road and Covent Garden as one of London’s wealth of restaurants such as The Ivy; Frenchie; and Elizabeth Lines) with Holborn (Piccadilly and best connected locations. The Petersham; Cora Pearl; The Oystermen; Central Lines) two minutes away. Balthazar; Roka and the Delaunay, all within a 5-minutes walk. As a result, Covent Garden is a key destination for London’s hospitality industry, MARYLEBONE with notable hotels including The Waldorf; PADDINGTON Bakerloo Line EUSTON KING’S CROSS The Me Hotel; The Savoy and W London. Bakerloo Line 12 mins Northern Line ST PANCRAS 15 mins 4 mins Piccadilly Line 3 mins LIVERPOOL STREET OXFORD TOTTENHAM HOLBORN Central Line CIRCUS COURT ROAD 9 mins Heathrow 28 mins Elizabeth Line 5 mins COVENT GARDEN GREEN PICCADILLY LEICESTER TEMPLE PARK CIRCUS SQUARE CHARING CROSS Bakerloo Line Northern Line 3 mins Northern Line Piccadilly Line Central Line VICTORIA WATERLOO Victoria Line Northern Line Victoria Line 9 mins 6 mins Elizabeth Line / Crossrail Circle Line 4 5 OAD VILL ER PENTON C EV ITYR OA ER D S HOL KINGS CROSS T ST.PANCRAS ST EUROSTAR INTERNATIONAL HYDE PARK AD RO ON EUST KI EUSTON NG ST PANCRAS ’S CR OS S RO AD G R EUSTON G EA RA T SQUARE E AS Y’S T E R IN CLERKENWELL N S HEXAGON COVENT GARDEN WARREN 43 PARKER STREET WC2 NR T STREET OA D GREAT PORTLAND REGENTS PARK STREET TREET RUSSELL D S SQUARE OL FITZROVIA PO BT TOWER SO RT 10 MINS WALK GOODGE STREET UT L D A HAMP ROA ND 6 BALDS MARYLEBONE EO PL 12 TO TH ST JOHNS TO N RO BARBICAN ST FARRINGDON TT W IMER ENHA RT BBC MO 5 MINS WALK M CO U R 3 MOORGATE T N LIVERPOOLSTREET R LBOR OA HO CHANCERY D LANE 11 HOLBORN 1 CITY OF 7 CANN 13 LONDON ON STREET 4 FORD 5 ST ST OX 8 5 RA TOTTENHAM N 2 D COURT ROAD 5 UNDERP OXFORD 4 CIRCUS C 4 HA 14 12 6 BANK OF RI 2 AS ST PAUL’S NG 3 4 ENGLAND LONG ACRE 2 8 S 3 10 CR 9 ST CITY BOND T 1 11 FLEE THAMES LINK OS 7 STREET 1 S RO 13 11 4 9 2 BANK RE SOHO 10 AR GE AD COVENT 6 6 9 TEMPLE NT ST GARDEN U 1 NDEL 8 7 2 15 R 16 EE 17 3 5 S T 5 T LEICESTER 6 WA 1 TEMPLE SQUARE TE B PICCADILLY BLACKFRIARS L RL A MANSION HOUSE MAYFAIR CIRCUS 3 10 C OO K F R D I A N BR ES R RA M S I A ST DG TH B 14 ER R V I I D E R G CANNON STREET 15 E Y TOWER OF ILL AD LONDON CC BLACKFRIARS PI Conveniently located for fast access to the City, King’sEMBANKMENT Cross St AMENITIES CHARING Pancras, Heathrow AirportCROSS and West London,EMBANKMEN being Twithin a few 1. Balthazar SOUTHWARK GO BANKSIDE LD FESTIVAL 2. Barrafina minutes’ walk of Covent Garden and Holborn undergroundEN stations GREENPARK JU B IL on the Piccadilly and Central lines. EE 3. The Ivy Market Grill BR ID GES 4. Dishoom SOUTHBANK OCCUPIERS LANDMARKS CENTRE 5. Flat Iron CITY HALL 1. COS Head Office 1. Cambridge Theatre 6. Frenchie LONDON BRIDGE LL MA 7. Hawksmoor E 2. Channel Advisor 2. Connaught Rooms TH HORSE GUARDS PARADE 8. Kerb at Seven Dials GREENPARK 3. Clintons 3. Donmar Warehouse SOUTHWARK 4. Fladgate LLP 4. Freemasons Hall 9. Radio Rooftop Bar 10. Rules 5. Google 5. Gillian Lynn Theatre W A ST JAME6. S’MichaelS PARK Kors WESTMINSTER 11. TheWA TEDelaunayRLOO TE 6. London Film Museum R LONDON EYE L 12. The Barbary O 7. McKinsey & CompanyWHITEHAL / L 7. London Transport Museum O WESTMINSTER R Nationwide Building Society O 8. Piazza 13. The Ivy AD BUCKINGHAM 8. NBC Universal W 9. RoyalESTM OperaINSTE House 14. The 10 Cases BOROUGH PALACE R BRIDGE 9. Red Bull BIG 10.BEN Seven Dials 15. The Petersham 10. Robert Walters 11. Theatre Royal Drury Lane 16. Cora Pearly WESTMINSTER11. Twitch 17. The Oystermen 12. Warner Bros HOTELS GYMS & SPAS 13. Rothesay Life 1. Henrietta Hotel 14. Petro China 2. Me Hotel 1. Another Space 15. Spotify 3. St Martins Lane Hotel 2. Fitness First Aldwych 4. The Covent Garden Hotel 3. Gym Box 5. One Aldwych 4. Nuffield 6. The Waldorf 5. Oasis Sports Centre 6. Pure Gym 6 7 HEXAGON COVENT GARDEN 43 PARKER STREET WC2 Description The property comprises a newly developed The building is accessed off Parker Street and commercial unit arranged over basement, ground is entirely self-contained and benefiting from a and first floor, occupying a prominent corner voluminous, double-height entrance lobby and position with an impressive, double-height, glazed open staircase linking the ground and first floors. frontage. It forms part of the iconic residential The ground and first floor comprise an efficient layout development, the Hexagon Apartments, which and a floor plate size of approximately 2,000 sq ft extends above to 15 storeys of luxury apartments each, benefiting from excellent floor-to-ceiling and penthouses. For further information please heights and high levels of natural light. The property follow this link: also has the benefit of a 965 sq ft basement. www.hexagonapartments.com The property has never been occupied and is provided with full vacant possession in shell and core condition. Floor Areas The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and has the following approximate floor areas: Floor GIA sq m GIA sq ft First 223.9 2,410 Ground 196.24 2,112 Basement 89.64 965 Total 509.8 5,487 The building is being sold with vacant possession and in shell and core condition, enabling a purchaser to appreciate the property’s excellent fundamentals 8 9 HEXAGON COVENT GARDEN 43 PARKER STREET WC2 Kingsway Kingsway Parker Street Parker Street SVP High HolbornHigh HolbornHigh S S Ground Floor Newton Street Newton Street First Floor Basement 10 11 HEXAGON COVENT GARDEN 43 PARKER STREET WC2 Computer Generated Image. Indicative only. Computer Generated Image. Indicative only. CGIs showing the scope the building has to be fitted out as high-quality commercial accommodation Computer Generated Image. Indicative only. 12 13 HEXAGON COVENT GARDEN 43 PARKER STREET WC2 Planning VAT The property has planning consent for B1 use, The property is elected for VAT. The sale will but the accommodation is highly flexible and not be treated as a TOGC and therefore VAT will would be suitable for a variety of uses. be payable on the purchase price, resulting in purchaser’s costs of 7.80%. Following the recent changes to the planning Use Class Order, which came into effect on EPC 1st September 2020, it may be possible to The Energy Performance Certificate is available interchange without planning consent between upon request. the uses now classified under, ‘Class E’, namely office, retail, health and fitness, medical and more.