TEN ARTILLERY LANE SPITALFIELDS LONDON E1. A Vacant Freehold building located 150 metres from Liverpool Street Station

Transcription

1 TEN ARTILLERY LANE SPITALFIELDS LONDON E A Freehold building located 0 metres from Liverpool Street Station

2 Executive Summary Freehold Located in a vibrant and central City location, situated on the southern side of, accessed off Bishopsgate, 0m from Liverpool Street Station The property provides, sq ft (00.70 sq m) of office and ancillary accommodation arranged over basement, ground and four upper floors The property will be offered with full vacant possession Potential to increase the net lettable area through rationalisation and extension, subject to obtaining the necessary consents Suitable for a variety of uses including offices, private members club, restaurant/retail accommodation at ground floor and residential, subject to obtaining the necessary consents Prime rents in the micro-location are north of per sq ft for refurbished accommodation Offers are sought in excess of,00,000 subject to contract and exclusive of VAT reflecting a capital value of per sq ft on the net area of the existing accommodation

3 Location & Connectivity The Old Truman Brewery Aldgate T HE artillery building Fruit & Wool Exchange Spitalfields Market The Shard Liverpool Street the Broadgate Estate SPITALFIELDS LONDON E Broadgate UBS HQ Principal tower Principal Place Amazon UK HQ s p italfields The stage

4 Location Spitalfields -0 is located in a vibrant and central City location, which is accessed from Bishopsgate, one of the City s principal thoroughfares. The property is within 0 metres of Liverpool Street Station and the world-renowned Broadgate Estate. Immediately to the north of the property is the Bishops Square Estate, a unique Foster & Partners designed development owned by JP Morgan and Tribeca Holdings stretching across 7 acres comprising landmark offices, retail and restaurant units, traders market and various open public spaces. The immediate area is home to a diverse occupier base including Amazon, Royal Bank of Scotland, Bacardi, Allen & Overy, WeWork, Survey Monkey, RBB Economics, CMC Markets and Salesforce. A number of high-profile developments have recently completed and have significantly enhanced the area including Bishops Square, Principal Place (Amazon s UK HQ) and the Salesforce Tower. Future projects which will further enhance the location are 00 Bishopsgate, The Stage and the London Fruit and Wool Exchange. As well as being a prime office location, -0 benefits from the vibrant and cosmopolitan retail, leisure and restaurant amenities situated within Bishops Square and Old Spitalfields Market. The emergence of Spitalfields as a restaurant, fashion and tech hub has established the immediate area as a 7-day a week trading location attracting independent retailers alongside multinational operators. GOSWELL ROAD ST.PAUL S LONDON WALL CHEAPSIDE ST. PAUL S CHURCHYARD CANNON UPPER THAMES MANSION HOUSE Tech City CHISWELL QUEEN VICTORIA CANNON MOORGATE BANK MOORGATE OLD ELDON LONDON WALL WORMWOOD THREADNEEDLE WORSHIP CORNHILL LIVERPOOL TICKETHALL GREAT EASTERN BISHOPSGATE APPOLD WORSHIP LIVERPOOL The City Shoreditch LEADENHALL MIDDLESEX SH OREDITCH HIGH ST. ST. COMMERCIAL BRUSHFIELD ARTILLERY LA. FENCHURCH SHOREDITCH HIGH ALDGATE ALDGATE EAST BETHNAL GREEN ROAD BRICK LANE WHITECHAPEL HIGH LEMAN Map not to scale, indicative only Connectivity -0 benefits from the following excellent transport connectivity: Station Services Distance Liverpool Street Hammersmith & City, Circle, Metropolitan and Central Underground lines, National Rail Services to Essex and East Anglia and Elizabeth Line (0) 0 metres Aldgate Circle and Metropolitan Underground lines 00 metres Aldgate East District, Hammersmith & City Underground lines 00 metres Shoreditch High Street London Overground Services 00 metres Fenchurch Street National Rail Services to Essex and East Anglia 00 metres Bank/Monument District, Circle, Northern, Central, Waterloo & City Underground and Docklands Light Railway linking to Canary Wharf and City Airport 00 metres Elizabeth line (Crossrail) -0 is within a short walking distance (0 metres) of Liverpool Street Station which will act as the primary connection for Crossrail in the City of London when delivered in December 0. Crossrail, Europe s largest infrastructure project, will provide unrivalled connectivity across London with direct access from Liverpool Street Station to Canary Wharf in minutes, Bond Street in 7 minutes and Heathrow Airport in minutes. Stansted Stratford Romford Shenfield Hayes & Harlington Paddington Tottenham Court Road LIVERPOOL Reading Heathrow Airport Ealing Broadway Bond Street Farringdon Luton Gatwick Whitechapel THE artillery building 0 Canary Wharf Custom House Abbey Wood

5 Local Occupiers Local Amenities Old Street 9 Bethnal Green Road The property benefits from excellent amenities with Spitalfields Market, Broadgate Circle and the Devonshire Square Estate a short distance away, providing a wide variety of retail, dining and entertainment options. Box Park is located a short walk to the north, just behind Shoreditch High Street Station. Next to the station lies Shoreditch House which is run by the famous Soho House Brand. Salesforce Tower is also close by, which is home to the famous Duck & Waffle and Sushi Samba restaurants. To the east lies Brick Lane which is home to London s largest agglomeration of curry houses. The area is further characterised by the vibrant nightlife surrounding the Truman Brewery and its array of bars and pop-up restaurants. City Road Worship Street Clifton Street Curtain Road Great Eastern Street 7 Shoreditch High St. Shoreditch High Street 0 Finsbury Pavement Finsbury Square 9 Wilson Street Sun Street 7 Broadgate Appold Street Primrose Street Liverpool Street 7 Spital Square Commercial Street Old Spitalfields Market Brushfield St. Brick Lane min walk min walk OF BISHOPSGATE Middlesex Street min walk Brushfield Street mins walk Moorgate Moorgate Finsbury Circus 7 Bishopsgate Frying Pan Alley Bell Lane Moorgate Lothbury London Wall Tower Old Broad Street Bishopsgate 0 Bevis Marks 0 Houndsditch 9 Middlesex Street Aldgate Commercial Street Aldgate East 0 9 Brushfield Street mins walk Widegate Street mins walk Middlesex Street mins walk Frying Pan Alley mins walk Insurance / Financial Media / Technology Professional Developments. RBS. UBS. Deutsche Bank. WeWork. Second Home. Amazon. Bacardi. Allen & Overy. RBB Economics. London Fruit & Wool Exchange. 00 Bishopsgate. One Crown Place Spital Square mins walk Bishopsgate mins walk Commercial Street mins walk Bishopsgate mins walk. Swiss RE. Runway East. Salesforce. Art otel, Great Eastern Street. CMC Markets. Mother. Ashurst (0). Bishopsgate. Allied Irish Bank. Factset. Clyde & Co. - Appold Street 7. Tullet Prebon 7. SapientNitro 7. Pinsent Masons 7. Blossom Street. Westpac Group. Williams Lea Tag. Herbert Smith Freehills. The Stage 9. Bloomberg 9. Uber 9. Squire Patton Boggs 9. Shoreditch Village 0. Trireme Insurance 0. Smart Focus 0. McDermott Will & Emery 0. The Goodsyard. Royal Bank of Canada (0). IHS Global. Currencycloud. Google Campus. Northumbria University. Coventry University. Principal Place. 00 Liverpool Street Bethnal Green Road mins walk Commercial Street 7 mins walk Great Eastern Street 7 mins walk Shoreditch High Street 7 mins walk Map not to scale, indicative only Source: Google Maps

6 Local Developments The micro-location has experienced substantial investment and development activity and will continue to be a focus for developers over the coming years with a number of developments planned or under construction. A summary of the notable projects either recently completed, under construction or proposed is set out below:. 00 Bishopsgate, EC. London Fruit & Wool Exchange, E. One Crown Place, EC 7. Blossom Street, E. The Stage, EC 9. Shoreditch Village Phase II, E Brookfield Exemplar/M&G MTD Alloy Metals British Land Plough Yard Developments Brockton Capital Office 7,9 sq ft Q 0,000 sq ft to Jefferies Group and,00 sq ft to Royal Bank of Canada with option for further 0,000 sq ft Office & retail 0,000 sq ft Q 0 The office space is fully pre-let to Ashurst 00 Office, hotel, members club and retail,0 sq ft & C units Under construction Office, residential and retail 7,000 sq ft & C units 00/0 (estimate) Planning consented Office, residential and leisure 0,000 sq ft & C units Q 09 Office space fully pre-let to WeWork Office and retail 9,000 sq ft (gross) 00 + (estimate) Subject to planning. - Great Eastern Street & - Rivington Street, E. Bishopsgate, EC. - Appold Street, EC 0. The Goodsyard, E. Principal Place, EC. 00 Liverpool Street, EC Aspirations Ltd Office and hotel,000 sq ft & bed hotel 0 + (estimate) Hotel space to be occupied by Art otel AXA Real Estate/Lipton Rogers Office and retail,0,000 sq ft Q 09 Under construction Masterworks Development Corporation Office & hotel 0,000 sq ft & 9 bed hotel 00 (estimate) Planning consented Hammerson & Ballymore Office, residential and retail 700,000 sq ft 00 + Subject to planning Brookfield/ ENPAM Office, retail and residential,000 sq ft & 0 C units Q 07 Offices 00% pre-let to Amazon AXA Real Estate/Lipton Rogers Office and retail 0,000 sq ft Q 09 Under construction

7 The Artillery Building Description Accommodation Floor NIA (sq ft) NIA (sq m) The building comprises, sq ft (00.70 sq m) of office and ancillary accommodation arranged over basement, ground and four upper floors. The existing office accommodation is dated with mineral fibre suspended ceilings, raised floors and a combination of recessed CAT type lighting and surface mounted lighting. The offices are serviced by a single staircase accessed off and a passenger lift. There is a secondary fire escape connecting the basement and ground floor to the east of the building which could be converted into a secondary entrance to service the ground floor and basement. The current specification of the office space can be summarised as follows: Suspended ceilings Raised floors Recessed CAT type lighting and surface mounted lighting Passenger lift Air-conditioning WCs (male & female on alternate floors) Double glazed windows Raised floors The property has been measured by Pure Real Estate Services Limited in accordance with the RICS Code of Measuring Practice th Edition and International Measuring Standard IPMS. The survey is assignable to a purchaser and a Duty of Care can be provided. th Office 7.0 rd Office, 0. nd Office,0 0. st Office, 0.9 Office,07 9. Ground Reception 9.9 Office,0 00. Basement Storage. Total, Typical Upper (st) Floor, sq ft 0.9 sq m Riser W/C Lift Office Circulation Up Down Ground Floor, sq ft 0. sq m Lift Office Reception Floor plans not to scale, indicative only

8 Refurbishment Potential Tenure & Tenancy The property provides the opportunity for a comprehensive refurbishment. Consideration should be given to: Extending and enlarging the reception area; Potential to increase massing through the addition of further floors; Taking advantage of the retail pitch through change of use at ground and basement to a retail/restaurant use (subject to obtaining the necessary consents). Silver Shadow Studio has produced some indicative CGIs illustrating what the internal floor space and ground floor could look like following a refurbishment and change of use (subject to obtaining the necessary consents). Tenure & Site The property is held Freehold and is registered at HM Land Registry under two title numbers and 07. Tenancy The property will be offered for sale with full vacant possession. Bishopsgate Arcade LB BISHOPSGATE 0 to PH Bank to to 0 to Naut House Bishopsgate Institute and Library Bunge House 0 to ARTILLERY LANE to to 0 FORT The Steward Building a a WIDEGATE 0 Swedeland Ct 0 PH PH 9 9 to 00 MIDDLESEX to 9 90 to 0 Catherin Plan not to scale, indicative only Comparable Transactions Address sq ft Date Tenure Tenancy Profile Price Capital Value /sq ft Purchaser CGI of indicative office layouts Wakley Street, N Argus House, 7-79 St John Street, EC 7,00 Q 07 FH,0 Q 07 FH,000,000,07,00,000,000 Owner Occupier Owner Occupier Cannon Street, EC,0 Q 07 FH,00,000,0 Bank of Beirut Worship Street, EC,0 Q 07 FH,00,000, Touchstone Baltic Street East, EC 7, Q 0 FH,,000 7 Private Investor - Copthall Avenue, EC, Q 0 FH Short-term leaseback until October 0 to Union Bank UK Plc,70, LaSalle Investment Management Dufferin Street, EC,97 Q 0 FH Single let to Q spaces until July 07,00,000 British Antiques Association CGI of indicative office layouts CGI of indicative retail frontage - Princelet Street, E 9, Q 0 FH by January 07,00,000 Brockton Capital

9 Further Information Planning The property is located in the City of London. It is not listed, but is situated within a conservation area. EPC The property has an EPC rating of E (). A copy of the certificate is available upon request. VAT The property is elected for VAT. Proposal We are instructed to seek offers in excess of,00,000 (four million, three hundred thousand pounds) subject to contract and exclusive of VAT for the freehold interest in the property. This pricing reflects a capital value of per sq ft on the net area of the existing accommodation. contact James Abrahams T 00 7 E james.abrahams@allsop.co.uk Chris Room T 00 7 E christopher.room@allsop.co.uk Marsha Rabinovich T 00 7 E marsha.rabinovich@allsop.co.uk DISCLAIMER: Allsop LLP on its behalf and for the Vendors or Lessors of this property, whose Agents they are, give notice that: These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Allsop LLP has any authority to make any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. January 0. 09