HIGH HOLBORN LONDON WC1

Transcription

1 HIGH HOLBORN LONDON WC1 A Prime & Retail Site For Sale Freehold with Planning Permission for 17,224 sq ft (1,600 sq m) net. Potential for other uses, subject to necessary consents Computer Generated Image of the consented scheme

2 THE OPPORTUNITY Prime freehold site with Planning for 17,224 sq ft net, ready for immediate implementation Full planning permission granted for 14,963 sq ft of prime air conditioned offices on 8 upper floors served by 2 lifts, with 1,841 sq ft of ground floor retail and 420 sq ft of basement storage Upper office floors overlooking Lincoln s Inn Gardens with 3 south-facing terraces Prime retail frontage Ideal opportunity for developers, owner-occupiers and investors for potential completion in 2014/2015 Located in the heart of Midtown Potential for alternative uses subject to consent CGI of Consented Scheme Southern aspect to Lincoln s Inn Gardens

3 Canary Wharf Heron Tower The Gherkin Tower 42 St Paul s Cathedral 40 Holborn Viaduct New Street Square Holborn Bars Gray s Inn Lincoln s Inn HIGH HOLBORN MidCity Place Lincoln s Inn Fields Chancery Court Hotel & Pearl Restaurant

4 LOCATION - The site is prominently located on the south side of High Holborn in the heart of London s Midtown. High Holborn is a major arterial route through Midtown, connecting it with the City and West End along the line of Crossrail. Midtown is a major Central London office market which has grown significantly in importance in recent years. A number of landmark developments have enhanced the area and supported rental growth. These developments include Central St Giles, MidCity Place, New Street Square, 110 Fetter Lane, 90 High Holborn, 1 Southampton Row, 40 Holborn Viaduct and 280 High Holborn. Midtown has been London s legal epicenter for many centuries and remains a popular destination for legal occupiers due to the proximity of the Royal Courts of Justice, Old Bailey and Inns of Court. The strategic nature of the location and recent high profile developments (together with much anticipated arrival of Crossrail) has attracted many of the most progressive businesses to the area including Google, LinkedIn & Amazon. Midtown continues to evolve into the business heart of the Capital.

5 ST BLOOMSBURY ST SHAFTESBURY AVE A400 HAYMARKET NEW OXFORD STREET Tottenham Court Rd Piccadilly Circus SHAFTE SBURY AVE Leicester Square CH ARING CROSS ROAD Russell Square Russell Square 30 Covent Garden Charing Cross SOUTHAMPTON ROW BLOOMSBURY WAY Bloomsbury Square Gardens Holborn 16 STRAND KINGSWAY HIGH HOLBORN THEOBALD S ROAD Lincoln s Inn Fields 41 ALDWYCH 26 LANCASTER PL WATERLOO BRIDGE Temple Gray s Inn Gardens High Holborn London WC1 47 GRAY S INN ROAD CHANCERY LANE STRAND 6 VICTORIA EMBANKMENT CLERKENWELL ROAD Chancery Lane FLEET STREET Farringdon FARRINGDON STREET 46 City Thameslink London Blackfriars BLACKFRIARS BRIDGE NEWGATE STREET LUDGATE HILL OLD STREET Barbican 44 St Paul s ALDERSGATE STREET OCCUPIERS LEGAL 1. Olswang 2. Irwin Mitchell 3. Taylor Wessing 4. Bird & Bird 5. The Law Society 6. Wragge & Co 7. Fladgate Fielder 8. Lewis Silkin 9. Wedlake Bell 10. Hogan Lovells 11. Weil Gotshal & Manges MEDIA MEDIA 12. Skype 13. Google 14. NBC 15. Mindshare 16. Inferno 17. Linkedin 18. Mediacom 19. Grey Advertising 20. Weber Shandwick 21. Lastminute 22. Yahoo 23. Bell Pottinger 24. Travel Zoo 25. Warner Group CORPORATE 26. DLE 27. Frontier Economics 28. Michael Page International 29. Sport England 30. BUPA 31. Tate & Lyle 32. The Royal College of Surgeons PROFESSIONAL 33. ACCA 34. WSP 35. Towers Watson 36. Lexis Nexis 37. Boult Wade 38. Sweett Group 39. AECOM 40. John Laing 41. Takeda 42. Deloitte FINANCIAL 43. Allied Irish Bank 44. Brewin Dolphin 45. Coutts 46. Goldman Sachs 47. Babson Capital

6 SITE The site has been substantially cleared and comprises approximately 3,337 sq ft (310 sq m) as outlined in red on the plan below. HIGH HOLBORN

7 COMMUNICATIONS The location benefits from excellent public transport facilities, providing good access to all parts of Central London. London Underground services at Holborn Underground Station (Central and Piccadilly lines) and Chancery Lane (Central line) are within close proximity as is Farringdon Station (Circle, Hammersmith & City and Metropolitan lines). Mainline rail services at Farringdon provide access to the First Capital Connect rail network, which is the UK s busiest train system. This links London to Cambridge and Luton Airport in the north and with Gatwick Airport and Brighton to the south. Current improvement works will increase the network s capacity and will deliver trains through Central London every 2-3 minutes by the end of Farringdon Station has been redeveloped to provide a new, integrated National Rail ticket hall in Cowcross Street. When Crossrail is complete in 2018, it is planned that over 140 trains per hour will flow through the Farringdon interchange when it becomes a link between Thameslink, Crossrail and London Underground services. Farringdon will be the only station from which passengers will be able to access all three networks. Farringdon will become one of Britain s busiest train stations and will be a key link in bringing passengers from outer London to the business hubs in the City and Canary Wharf. King s Cross St Pancras station is readily accessible, providing intercity UK and international Eurostar services to Paris (2 hours 15 minutes) and Brussels (1 hour 50 minutes). Numerous bus routes traverse the immediate area, linking it to a wide range of Central London destinations.

8 PLANNING & FLOOR AREAS Camden Council granted planning permission (Planning Application No. PSX ) on 1st September 2003 as follows: Redevelopment to provide basement, ground and 8 upper floors with mixed retail (Class A1) and professional services (Class A2) use at ground floor and part basement and offices (Class B1) above. There is a further revision to the consent to allow part of the ground floor rear to be used as offices In total the scheme provides a Grade A office and retail building with a net floor area of approximately 17,224 sq ft of which 14,963 sq ft is offices 1,841 sq ft of retail in the ground floor and a further 420 sq ft of storage in the basement. Floor Use Net Internal Gross internal Roof Plant sq ft 8th s 1,518 sq ft 1,979 sq ft 7th s 1,516 sq ft 1,977 sq ft 6th s 1,937 sq ft 2,441 sq ft 5th s 1,937 sq ft 2,440 sq ft 4th s 1,910 sq ft 2,412 sq ft 3rd s 2,054 sq ft 2,556 sq ft 2nd s 2,054 sq ft 2,556 sq ft 1st s 2,037 sq ft 2,540 sq ft Ground Retail 1,841 sq ft 2,931 sq ft Basement (includes plant) Storage 420 sq ft 2,896 sq ft Total 17,224 sq ft 24,991 sq ft (1,600 sq m) (2,322 sq m) For the avoidance of doubt, the vendor has instigated works on the site that he was advised were sufficient to constitute lawful commencement, for the purposes of Section 56 of the Town and Planning Act 1990, of the development permitted by the 2003 Permission.

9 FLOOR PLANS Plant room Store room Retail Plant room Terrace BASEMENT GROUND FLOOR FIRST FLOOR SECOND FLOOR Not to scale. Indicative only.

10 FLOOR PLANS Terrace THIRD FLOOR FOURTH FLOOR FIFTH FLOOR SIXTH FLOOR Not to scale. Indicative only.

11 SHUT SHUT Terrace Terrace SEVENTH FLOOR EIGHTH FLOOR PLANT LEVEL ROOF LEVEL

12 INCOME A licence for a hoarding board over the entrance of the site has been granted to Outdoor Plus Limited. The licence is for a term of 5 years from 27th May 2011 at a rent of 20,000 per annum exclusive and determinable one month after the Licensor serves notice on the Licencee of its intention to redevelop the site TENURE Freehold VAT The site is elected for VAT PROPOSAL Offers are invited for the benefit of the freehold interest FURTHER INFORMATION For further information please contact the sole agents, GN2. Charles Godfrey E: charles.godfrey@gn2.uk.com T: +44 (0) Julie Rees E: julie.rees@gn2.uk.com T: +44 (0) Tom Butt E: tom.butt@gn2.uk.com T: +44 (0)