Dover House, 170 Westminster Bridge Road, London SE1 Summary

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Linda Berenice Copeland
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1 Dover House, 170 Westminster Bridge Road, London SE1 Summary Vacant building with potential for conversion / redevelopment to a number of alternative uses (subject to planning) Freehold 16,081 sq ft GIA over basement, ground, mezzanine and first to fourth floors Vacant possession August 25th 2007 Improving location next to Waterloo Station Seeking offers in excess of 3,500,000 reflecting 218 per sq ft before costs

2 Location Dover House is located in south east London in the London Borough of Lambeth, on the north east corner of the junction of Westminster Bridge Road and Lower Marsh. The property is situated at the southern end of Lower Marsh, on the north side of Westminster Bridge Road. Westminster Bridge Road is a main road connecting Waterloo with Blackfriars Road and Borough High Street. Lower Marsh is a busy retail street, with daily market stalls. Transport communications are excellent with Waterloo Station 300 metres away servicing main line stations in the south east, linking Southbank to the City via the Waterloo and City Line. The Northern, Jubilee and Bakerloo Lines serve Waterloo Underground Station, and Lambeth North Underground Station (Bakerloo Line) is within 200 metres. Numerous bus routes provide access across London. The surrounding area is characterised by office, residential and retail uses. Waterloo is set to receive significant investment in the near future. The Eurostar Terminal closes in 2007 and subject to viability and redesign, circa 4,000,000 sq ft of new office space will be added and the rail infrastructure improved. Property Description The property comprises 16,081 sq ft of accommodation over basement, ground, mezzanine and four upper floors. Built in the 1890s as a public house, it has been in recent use as a language school and accommodation for students. Access is via two entrances, on Lower Marsh and Westminster Bridge Road. Floor plates are rectangular and floor plans are available on request. The building has excellent natural light and high ceilings on all floors. Kingly Partners

5 S GRANBY PLACE GRINDAL ST LEAKE STREET WESTMINSTER BRIDGE ROAD LOWER MARSH The Red Lion (PH) CARLISLE LANE UPPER MARSH 1 3 Florence Nightingale (PH) York House Becket House 4.2m Viaduct to 168 BM 5.70m WESTMINSTER BRIDGE ROA m Dover House, 170 Westminster Bridge Road, SE PCs Library m PH Munro House to to 5 1 to 18 Palmerston House PO Crown Copyright All rights reserved. Licence number Plotted Scale - 1:1250 PH 1 to 92 Walpole House Chur BM 6.38m Waterloo Station 4.9m Posts 158 to m El S

6 Accommodation Existing floor areas are: Description GIA Sq ft Basement 4,112 Ground 3,810 1st floor 2,239 2nd floor 1,991 3rd floor 2,045 4th floor 1,884 Total 16,081 Tenure Freehold. Tenancies The property is being offered for sale with vacant possession from 25th August Planning The property is located in the Lower Marsh Conservation area and is not listed. In 1996 a change of use was granted from offices to a language school on the ground and basement and accommodation for students on the upper floors. This is considered sui generis in planning terms. We believe that a change of use to office, hotel, residential and retail uses would be consistent with current planning policy. Furthermore we believe there is potential to redevelop the building and increase the building envelope, subject to planning. Prospective purchasers should make their own planning enquiries. VAT The property is not elected for VAT Price We are instructed to seek offers in excess of 3,500,000 subject to contract and exclusive of VAT. Kingly Partners

For further information and to arrange inspections, please contact: James McAdden DDI: 0207 858 6869 Mobile: 07825 507 526 jmc@kinglypartners.

com NOTICE: Messrs Kingly Partners for themselves and for the vendors of this property, whose agents they are, give notice that: i) These particulars are only for the guidance of prospective

7 For further information and to arrange inspections, please contact: James McAdden DDI: Mobile: Erik Sadler DDI: Mobile: Andy Verschoyle DDI: Mobile: NOTICE: Messrs Kingly Partners for themselves and for the vendors of this property, whose agents they are, give notice that: i) These particulars are only for the guidance of prospective purchasers and do not form part of any offer or contract. (ii) Whilst the information contained herein is issued in good faith, neither the firm nor its clients guarantee its accuracy and it is not to be relied upon as statements or representation of fact. (iii) Any intending purchasers must satisfy themselves as to the correctness of each of the statements made herein. (iv) The vendor does not make or give, and neither the firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property. (v) Nothing in these particulars constitutes a statement that the property and/or any services or facilities are in good condition or working order. (vi) These particulars were completed in July (vii) Kingly Partners will not be liable, in negligence or otherwise, for any loss deriving from these particulars. July Kingly Partners

53 LONDON GT SUFFOLK STREET

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