10 GREAT TURNSTILE PROVIDES AN OPPORTUNITY TO ACQUIRE A RARE MIDTOWN FREEHOLD WITH VIEWS OVER LINCOLN S INN GARDENS.

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2 GREAT TURNSTILE PROVIDES AN OPPORTUNITY TO ACQUIRE A RARE MIDTOWN FREEHOLD WITH VIEWS OVER LINCOLN S INN GARDENS. EXECUTIVE SUMMARY Prime Midtown location in the heart of London. Excellent transport connectivity being less than 300m from Chancery Lane and Holborn Underground stations. Positioned on the northern side of Lincoln s Inn Gardens, with views across Lincoln s Inn Fields. Freehold. The building comprises 8,486 sq ft (788 sq m) arranged over lower ground, ground and three upper floors. Flexible, regular, open plan floor plates of approximately,800 sq ft. Single let on a FRI lease to Mary Ward Trust for a term expiring July 2022 at a passing rent of 48,000pa ( 3.97psf), outside the LTA 94. Opportunity to obtain earlier vacant possession, subject to negotiations with the tenant. Opportunity to improve the building by further refurbishment and potentially adding floors, subject to necessary consents. Offers are invited in excess of 8,000,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of.37%, assuming purchasers costs of 6.67% and a capital value of 943psf. 03

3 LOCATION SMITHFIELD MARKET THE CITY ST PAUL S CATHEDRAL ROYAL COURTS OF JUSTICE THE SHARD LONDON SCHOOL OF ECONOMICS & POLITICAL SCIENCE LONDON BRIDGE FARRINGDON BLACKFRIARS CHANCERY LANE LINCOLN S INN FIELDS HOLBORN 0

4 LOCATION COMMUNICATIONS The property is prominently located on the north side of Lincoln s Inn Gardens, with views over one of the largest public squares in Central London. The area is traditionally associated with the legal sector, with the historical Inns of Court; Lincoln s Inn, and Gray s Inn, as well as The Royal Courts of Justice and the Law Society all within the immediate vicinity. Whilst the historical significance of the area is enduring, Midtown is one of London s most exciting sub-markets. The surrounding area continues to attract global occupiers including Amazon, Axa, Bank of America, Merrill Lynch and Goldman Sachs, as well as TMT occupiers such as Saatchi & Saatchi, LinkedIn, Warner Bros, and Skype. Amenities serving the property are excellent with High Holborn, Chancery Lane, Kingsway and Fleet Street offering a diverse range of retailers, restaurants and bars. The buildings location is also close to well-known central London landmarks such as, The British Museum, Covent Garden Piazza, The Rosewood Hotel and Somerset House. In turn the property is within close proximity to both the London School of Economics and King s College London. Great Turnstile benefits from excellent public transport facilities, providing good access to all parts of Central London. LONDON UNDERGROUND The property is situated equidistantly within 300m between Chancery Lane and Holborn Underground Stations, providing excellent communications along the east west axis of the capital from the City to the West End. Holborn Underground station also provides excellent north-south communications at the intersection of the Piccadilly Line. With around 40m customers per year, Holborn Station is one of the busiest stations on the London Underground. By 203 demand is expected to increase by 30%. By 2022, the station is due to be upgraded to increase capacity, including a new secondary entrance, interchange link and a re-modelled ticket hall with step-free access. ELIZABETH LINE Farringdon Station is within a minute walk, which in 208, will receive the much anticipated Elizabeth Line. The Elizabeth Line is set to provide 24 trains per hour between Heathrow, Paddington, the West End, The City and onwards to Canary Wharf. CENTRAL LINE LINKS Marble Arch Bond Street Oxford Circus Tottenham Court Road Holborn Great Turnstile Chancery Lane St Paul s 8 mins 4 mins 3 mins 2 mins mins 3 mins mins 2 mins mins 22 mins 2 mins Bank Liverpool Street Bethnal Green Mile End Jubilee Bakerloo Victoria Northern Picadilly 4 mins to King s Cross St Pancras Circle District Northern Waterloo & City DLR Circle Metropolitan Hammersmith & City District Hammersmith & City Jubilee DLR Stratford STRATFORD READING HAYES & HARLINGTON HEATHROW SOUTHALL HANWELL WEST EALING EALING BROADWAY ACTON MAIN LINE PADDINGTON BOND STREET FARRINGDON WHITECHAPEL TOTTENHAM COURT ROAD LIVERPOOL STREET CANARY WHARF SHENFIELD ABBEY WOOD MAINLINE RAIL SERVICES Mainline rail services can be accessed from City Thameslink, Blackfriars and Farringdon Stations. These stations all 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 Gatwick Airport and Brighton to the south. King s Cross St Pancras station is within minutes from Holborn, providing InterCity UK and international Eurostar services to Paris (2 hours minutes) and Brussels ( hour 0 minutes). 07

5 E 9 20 T H E O B A L D S R O A D GRAY S INN GARDENS FARRINGDON LOCAL DEVELOPMENTS T H I G H H O L B O R N HOLBORN K I N G S W A Y LINCOLN S INN FIELDS 06 7 S T R A N D 03 ROYAL COURTS OF JUSTICE G R A Y S I N N R O A D 7 2 C H A N C E R Y L A N 0 9 CHANCERY LANE 04 F L E E T S T R E E T E H O L B O R N T F T E R L A N E E N E W F 4 2 T T E R L A N E F L E E T S T R E E T F A R R I N G D O N S T R E E T 2 2 THAMESLINK FARRING DON ROAD 7 9 C H A R T E R H O U S E S T R E W S M I T H F I E L D H O L B O R N V I A D U C T O L D B A I L E Y Q Africa House, Kingsway, WC2 20,000 sq ft scheme developed by Freshwater let to Mischon de Reya Weston House, High Holborn, WC 63,000 sq ft scheme by Frogmore Majority let to Mischon de Reya 280 High Holborn, WC Multi-let 69,000 sq ft redeveloped by Hines 3 Chancery Lane, EC4 66,000 sq ft scheme recently completed by Endurance Land 40 Chancery Lane, EC Fetter Lane, EC4 8,000 sq ft office scheme by Blackstone let to Macfarlanes The Post Building, Museum Street, WC 300,000 sq ft development by Brockton and Oxford Properties. 40% pre-let to McKinsey & Co Goldman Sachs, EC4,000,000 sq ft Goldman Sachs HQ to be completed New Fetter Lane, EC4 2,00 sq ft scheme developed by Great Portland Estates let to Bird and Bird New Street Square, EC4 BLACKFRIARS D SOMERSET HOUSE TEMPLE V I C T O R I A E M B A N K M E N T R I VER TH A M E S R IARS BRIDGE 06 96,00 sq ft scheme recently completed by Derwent and let to Saatchi & Saatchi 262 High Holborn, WC 4,000 sq ft office/ retail scheme by Lazari Investments to be completed 27,000 sq ft Land Securities scheme let to Deloitte 0 Holborn, EC 8,000 sq ft with consent for 7,000 sq ft. Owned by Dar Al-Handadsah OCCUPIER Kings College London Freshfields Bruckhaus Deringer Goldman Sachs Sainsbury s AMENITIES Rosewood Hotel Silver Vaults 2 Baranis Lutyens Midtown, Proctor Street, WC 3,000 sq ft.office refurbishment to be completed late 207 Aldwych Quarter, WC2 40,000 sq ft scheme pre-let to WeWork and Kings College Bird & Bird MacFarlanes HM Courts Service Legalease Deloitte Child & Co 3 3 Jones Day 4 4 C Hoare & Co LSE 6 6 WSP Group Vanilla Black Bounce Bleeding Heart Gaucho Roka 7 Dept of coffee & social affairs Apex Hotel Natural Kitchen Cittie of Yorke Club Quarters Hotel 08 Templar House, 8 High Holborn, WC 20,000 sq ft scheme by Northwood to be completed in 209 Lacon House, 84 Theobalds Road, WC 92,000 sq ft scheme by Blackstone, let to Disney, Argus, Kilburn & Strode, Arriva and Exterion Media Lewis Silkin Mischon De Reya The Delaunay 8 Kingsway Hall Hotel Saatchi & Saatchi Essex Chambers Mediacom UK Warner Bros UK 20 Cheshire Cheese Church s Shoes 9 20 Peacock Theatre The Waldorf Hilton 09

6 DESCRIPTION FLOOR PLANS Great Turnstile is a purpose built office building arranged over lower ground, ground and three upper floors. The property was constructed in the mid-980 s using a reinforced concrete structure with reconstituted stone cladding and aluminium framed double glazed windows. The accommodation was comprehensively refurbished in 20 to provide a new VRV air conditioning system as well as new suspended ceilings and under floor trunking. There is a centrally located core on the northern elevation of the property which contains a ten person 800kg passenger lift that serves all floors. There are alternate male and female WC facilities on each floor. The lower ground floor has been fitted out to provide gym/ dance studio with male / female changing rooms. PROMINENTLY LOCATED ON THE NORTH SIDE OF LINCOLN S INN GARDENS, WITH VIEWS OUT OVER ONE OF THE LARGEST PUBLIC SQUARES IN CENTRAL LONDON. Indicative floor plans have been extracted from the Pure RES report and are as follows. An assignment of the survey will be provided to the purchaser with an appropriate duty of care letter. A full copy of the Measured Survey is available in the data room. Lift Up Down Office W/C SECOND FLOOR 7.7 sq m,804 sq ft ACCOMMODATION Front Entrance Permanent Lift Comms Room GROUND FLOOR 0.78 sq m,92 sq ft The property has been measured by Pure Real Estate Services in accordance with the RICS Code of the Measuring Practice, 6 th edition. IPMS3 measurements are available in the data room. The property provides the following net internal floor areas: FLOOR ACCOMMODATION SQ M SQ FT THIRD Offices 7.,803 SECOND Offices 7.7,804 FIRST Offices 3.48,760 GROUND Offices 0.78,92 Reception LOWER GROUND Offices (Fitted out as gym/dance studio) 9.66,79 OVERALL TOTAL ,486 Reception Up Down Office W/C W/C Assumed Tenant Fit Out 9,3 sq m 208 sq ft LOWER GROUND FLOOR Lift Cleaner's Cupboard 9.66 sq m,79 sq ft Fire Exit W/C Up External Electrical Cupboard Office Column Floor plans are for indicative purposes only N

7 2 to TENURE, TENANCY AND COVENANT TENURE 7 to 7 PO 2 to m Shelters The property is held Freehold under title number NGL9208 TCB 23.7m 289 to to 302 Lincoln House The approximate extent of the freehold ownership is shown outlined in red on the OS extract plan to the right: 27 to Great Turnstile 283 to 288 Celcon House TENANCY Princeton House to 9 Great Turnstile is let to Mary Ward Trust on a full repairing and insuring lease as a whole for a term expiring on 3st July 2022, without break, or rent review. HETSTONE PARK Chartered Auctioneer's and Estate Agents Institute NEWMAN'S ROW 30 The total passing rent is 48,000pa, which reflects 3.97per sq ft on the net internal area. The lease is outside the security of tenure and compensation provisions of the Landlord and Tenant Act 94 Part II. 20 to to TENANT INFORMATION The Mary Ward Settlement was founded in the late 880 s by best-selling Victorian novelist Mrs Humphry Ward. The charity operates the Mary Ward Adult Education Centre and the Mary Ward Legal Centre. Full published accounts can be obtained from the Charity Commission or from Charity No: USE The current permitted use is set out below in accordance with the Town and Country Planning (Use Classes) Order 987 (as amended). Floor Lower Ground Ground & First Second & Third Use B Offices & D Education / Training B- Offices D Education / Training View from the third floor over Lincoln s Inn Fields PLANNING The local planning authority is the London Borough of Camden. The property is not listed as a building of special architectural of historic interest but is situated within the Bloomsbury Conservation Area.

8 FURTHER INFORMATION VAT The property is elected for VAT. It is anticipated that the sale of the property will be treated as a Transfer of a Going Concern (TOGC), therefore, VAT will not be payable on the purchase price. DATA ROOM Further information is available from the data room, access to which can be provided upon request. CONSIDERATION We are instructed to seek offers in excess of 8,000,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of.37% after purchaser s costs of 6.67%. The capital value equates to 943 per square foot overall EPC The energy performance asset rating is D (92). HISTORY OF LINCOLN S INN Lincolns Inn Fields is one of the largest public squares in London and the oldest in Camden. There has been public open space here since at least the 2th century. Designed, in part, by notable English architect, Inigo Jones, the square is flanked by a collection of superb buildings including Sir John Soane s Museum, Lindsey House - the only building on the square dating back to the mid-7th century - and the Inns of Court.

9 CONTACT For further information or to arrange an inspection please contact: MIKE POPE JOHN MORTON MISREPRESENTATION ACT 967 IMPORTANT: These particulars do not constitute either the whole or any part of an invitation, offer or contract in relation to the property described in the particulars. Gryphon Property Partners, nor their Directors, employees and agents, have authority to make or give any representation or warranty, express or implied, on behalf of any party in relation to the property. Whilst the particulars are given in good faith, intending purchasers or tenants must satisfy themselves independently as to the accuracy of all matters on which they intend to rely. All negotiations are subject to contract. June 207. Designed and produced by Inhabit Agency.