DICKENS HOUSE 15 TOOK'S COURT LONDON EC4

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1 TOOK S COURT HEADER Copy RARE MIDTOWN FREEHOLD OPPORTUNITY DICKENS HOUSE TOOK'S COURT LONDON EC

2 DICKENS HOUSE SUMMARY Located in the heart of London s Midtown district. Attractive listed period building Freehold Excellent communications being within 300m of the Central Line (at Chancery Lane Underground Station) and 0m from the new Elizabeth Line at Farringdon Station Totals,9 sq ft net (0. sq m) of office and ancillary accommodation over lower ground, ground and 3 upper floors Single Let to Raymond Gubbay Ltd (a leading promoter of classical music, opera and ballet) until th March 09 Highly reversionary being currently let off a low average passing rent of 9.0 per sq ft Offers invited in excess of,0,000, subject to contract and exclusive of VAT A purchase price at this level reflects a net initial yield of.% (assuming purchaser s costs at.%) and a capital value per sq ft of 93 per sq ft. Assuming an ERV of.00 per sq ft overall the net reversionary yield would be.%. Took s Court was re-named Cook s Court (occupied by Mr. Snagsby) by Charles Dickens in Bleak House (-3).

3 TOOK S COURT THE HISTORY OF TOOK S COURT Took s Court is situated within the Chancery Lane Conservation Area. Named after Thomas Tooke of London Esquyre, Dickens House was constructed in 0. No s - Took s Court are some of the finest examples of early Georgian properties, framed by giant Baroque Ionic pilasters and rubbed brick, and boasts its original flying staircase running from the ground to the second floor. There is a long association between Charles Dickens and Took s Court, which was re-named Cook s Court (occupied by Mr. Snagsby) by Dickens in his novel Bleak House. Local tradition suggests Dickens lived in Took s Court during his time as a parliamentary reporter when he is believed to have concocted one Ebenezer Scrooge, based upon his neighbour. LOCATION Dickens House is located in the heart of Midtown and is ideally situated between the West End and the City. The building is close to excellent public transport links and is situated approximately 300 m walk to the south of Chancery Lane Underground Station and 0m from Farringdon Station with its access to the Elizabeth Line. Chancery Lane and the area surrounding is the traditional home of London s legal sector with The Law Society, The Royal Courts of Justice and The Old Bailey all within close proximity to Took s Court. Recent years have seen greater diversity amongst Midtown s occupiers with a mix of professional, financial and media giants placing their headquarters in the area synonymous with English Law. Examples of the diverse mix include Saatchi & Saatchi, Google, Linkedin, Goldman Sachs, BUPA and Amazon. The area surrounding Took s Court provides a vibrant mixture of wine bars, restaurants and cafés as well as some excellent hotels such as The Holborn Dining Room, The Delaunay, Cigalon and the Rosewood Hotel. Also the property s excellent communication links make it within easy reach of retail hubs such as the globally renowned Piazza at Covent Garden, Long Acre, Oxford Street and Regent Street. 3

4 DICKENS HOUSE COMMUNICATIONS CHANCERY LANE (0m) TEMPLE (0m) FARRINGDON (0m) HOLBORN (0m) CITY THAMES LINK (00m) BLACKFRIARS (000m) Underground: Central line Underground: Circle and District lines British Rail: Main line services and the Elizabeth Line (from 0) Underground: Circle, Metropolitan, Hammersmith & City lines Underground: Central and Piccadilly lines British Rail: Thameslink British Rail: Main line services Underground: Circle and District lines ELIZABETH LINE JOURNEY TIMES 0 9 Heathrow Airport Paddington Bond Street Tottenham Court Road Farringdon Liverpool Street Whitechapel Canary Wharf 3 Current Journey Times (mins) 0 Elizabeth Line Times (mins) CGI impression of Farringdon Elizabeth Line Station

5 FARRINGDON ROAD GOSWELL ROAD OLD STREET CLERKENWELL ROAD THEOBALD S ROAD O 3 ALDERSGATE STREET BLOOMSBURY WAY HIGH HOLBORN GRAY S INN (COURT) GRAY S INN ROAD FARRINGDON ROAD FARRINGDON STREET 3 9 KINGSWAY DICKENS HOUSE TOOK S COURT ALDWYCH LINCOLN S INN (COURT) 0 9 THE LAW SOCIETY THE ROYAL COURTS OF JUSTICE 0 FLEET STREET 3 3 NEWGATE STREET THE OLD BAILEY STRAND MIDDLE TEMPLE QUEEN VICTORIA STREET D VICTORIA EMBANKMENT BLACKFRIARS BRIDGE Financial/Corporate WATERLOO BRIDGE Legal Media Amenities. BUPA. Frontier Economics 3. Michael Page International. Tate & Lyle. Herman Miller. Mitsubishi Corporation. Sainsbury s. Quilter Cheviot 9. QIC 0. Allied Irish Bank. Capgemini. Goldman Sachs 3. GDF Suez. C Hoare & Co. Baker & McKenzie. Bird & Bird 3. Hogan Lovells. Irwin Mitchell. Olswang. Taylor Wessing. Charles Russell Speechlys. DAC Beachcroft 9. Farrer & Co 0. Freshfields Bruckhaus Deringer. Macfarlanes. Mishcon de Reya 3. Wedlake Bell. Lewis Silkin. Wragge Lawrence Graham & Co. Sullivan & Cromwell. Dentons. Amazon. ITV 3. Lastminute.com. Skype. Warner Bros. Saatchi & Saatchi. Bell Pottinger. Cable & Wireless 9. Grey Advertising 0. Lastminute.com. Mediacom. Weber Shandwick 3. Lexis Nexis. The Holborn Dining Room. Vanilla Black 3. Bounce. Vivat Bacchus. Ede & Ravenscroft. Gaucho. Roka. The Delaunay 9. Cigalon 0. Department of Coffee and Social Affairs. Taylor St Baristas. Caffe Vergnano 3. Lutyens

6 DICKENS HOUSE DESCRIPTION Dickens House is an attractive early th century Grade II* listed terraced building on the eastern side of Took s Court. The building comprises,9 sq ft net (0. sq m) net of centrally heated office and ancillary accommodation over lower ground, ground and 3 upper floors. The façade of the Georgian building features original wrought iron railings, red brick segmental arches to recessed sash windows and ionic pilasters at the flanks rising the full height of building with continuous cornice. Other notable external original features include a historic wooden door case with a segmental headed oblong fanlight, pilasters on rusticated surrounds, consoles and dentil cornice with segmental pediment and panelled door. The interior of Dickens House retains original ornate staircase and many other original features throughout. To the rear of the ground and first floor there is a modern extension which provides air conditioned office space via a Daikin air cooling system. The building does not require an EPC as it is listed. ACCOMMODATION The property has been measured by Pure Real Estate Services Ltd in accordance with the latest RICS Code of Measuring Practice and comprises the following net internal floor areas: FLOOR USE AREA (SQ M) AREA (SQ FT) Third Office.0 Second Office. 9 First Office.9 3 Ground Office.3 03 Basement Office Storage 0.3 TOTAL 0.,9 A letter of reliance from Pure Real Estate Services Ltd can be issued to the Purchaser.

7 TOOK S COURT FLOOR PLANS BASEMENT GROUND FIRST SECOND External Lightwell External Lightwell Office THIRD TOOKS COURT Not to scale. Indicative only. Office Storage PLANNING The planning authority is the City of London and the property is situated within the Chancery Lane Conservation Area. This building is Grade II* listed under the Planning (Listed Buildings and Conservation Areas) Act 990 as amended for its special architectural or historic interest.

8 0 DICKENS HOUSE TENURE TENANCY Freehold 0 to 30 The property is single let to Raymond Gubbay Limited from th March 0 to the th March 09 at,00 per annum (approximately 9.0 per sq ft). There are no rent reviews or breaks options within the lease. The lease is inside the Landlord and Tenant Act 9 II (Amended). TOOK'S COURT PH Raymond Gubbay has been established for nearly 0 years. They present a wide range of concerts, opera and ballet in major venues in London and across the country and is established as one of the leading promoters of popular classical music in the United Kingdom. Printers Inn Court Raymond Gubbay Limited has an Experian Delphi score of 00. CURSITOR STREET 9 to 3 to 9 0 USE Not to scale. For identification purposes only. This plan is based upon an Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved. The offices are within class B of the Town and Country Planning (Use Classes) Order 9 (as amended). VAT The building has been elected for VAT. The sale may be treated as a Transfer of a Going Concern (TOGC) depending on the purchaser s VAT status. FURTHER INFORMATION For further information or to arrange an inspection please contact the sole selling agent: PROPOSAL Mike Pope D + (0) M + (0)99 9 mike.pope@gryphonpropertypartners.com We are seeking offers in excess of,0,000, subject to contract and exclusive of VAT for the freehold interest. A purchase at this level reflects a capital value of circa 93 per sq ft. This price reflects a net initial yield of.% and a net reversionary yield of.% assuming an ERV of.00 per sq ft per annum on the let accommodation, and purchasers cost of.%. John Morton D + (0) M + (0) john.morton@gryphonpropertypartners.com Misrepresentation Act 9: Gryphon Property Partners for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that:. These particulars do not constitute, nor constitute any part of, an offer or contract.. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.. The vendor(s) or lessor(s) do not make or give and neither Gryphon Property Partners nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Finance Act 99: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Property Misdescription Act 99: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. May 0 (Q33)