SIXTEEN BOWLING GREEN LANE PRIME CENTRAL LONDON FREEHOLD INVESTMENT OPPORTUNITY

SIXTEEN BOWLING GREEN LANE PRIME CENTRAL LONDON FREEHOLD INVESTMENT OPPORTUNITY

PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY ivestmet summary Prime Cetral Lodo Freehold. 7,869 sq ft of ewly refurbished ope pla offices with excellet atural light throughout. Located i the heart of the Clerkewell creative hub ad beefittig from excellet trasport liks from Farrigdo Statio ad Crossrail 2018. Icome of 391,950 per aum icludig retal top ups AWULT of 10 years to expiry ad 6 years to break. We are seekig a price of 9,000,000 (Nie Millio Pouds) subject to cotract for the freehold iterest i the property. A purchase at this level would reflect a et iitial yield of 4.11% ad a reversioary yield of 4.95% after purchaser s costs at 5.80% 3

NI LE DO CA RD AS CR D ND R DLA MI AD VILLE PENTON M SID RY BU E URY AV 1 10 CL E R K E N W AY W 6 D OA Farrigdo L EL AD Barbica ST CH BEE T ES US HO R TE AR LD CH FIE ITH M S W N HOLBOR Holbor ER ST LEV L ST 14 11 S EB 12 CIVA PER OA D OAD NG LI W BO N NL EE GR T SS N AD O 8 9 OH ST J N BLO B MS 5 4 9 D A IN SR LD BA E O TH of its juctio with Farrigdo Road. Y UR T EE O DF RE UA SQ 16 Bowlig Gree Lae is o the south side of the lae, 50 metres to the east STR RD 13 2 3 N O D G S AY IL GU LL residetial area ad beefits from a wide rage of excellet restaurats ad bars. Russell Square E SS RU from the creative, techology, media ad fashio idustries. It is also a growig FA RR IN GR L KP OC ST I V TA orth of Lodo s legal district ad to the east of the Tech City techology cluster aroud Old Street roudabout. It is a vibrat urba village with busiess occupiers ST TH OU SE tha aywhere else o the plaet, makig it truly oe of the most importat desig 16 Bowlig Gree Lae is located i the Clerkewell area of Cetral Lodo, to the CI T YR LR WEL GOS AV E AD Clerkewell is home to more creative busiesses ad architects per square mile hubs i the world Clerkewell Desig Week 2015 Agel HN S S T JO ST ON ST EU YORK WAY N PA locatio Kigs Cross AN A UPPE RS TR EE T D PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY LONDON WALL Chacery Lae local occupiers 4 1 Clerkewell Workshops 8 Moro 2 Exmouth Market 9 The Bowler Pub & Kitche 3 Exmouth Arms 10 The Crow Taver 4 ITN 11 The Moder Patry 5 ITV 12 The Three Kigs 6 Magma Bookshop 13 The Quality Chophouse 7 Metcalf 14 Zetter Tow House

PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY Acto Cetral South Acto coectivity Paddigto H & C Circle District Bakerloo 16 Bowlig Gree Lae is very well served by the Lodo trasport etwork, with Farrigdo Statio a 500m walk south of the property alog Farrigdo Lae ad Turmill Street. Farrigdo Statio is served Ladbroke by the Grove Metropolita, Circle ad Hammersmith ad City udergroud lies ad also by the Thameslik trai lie. Thameslik provides direct Acto Mai trais Lieto Kigs Cross/St Pacras Iteratioal, Gatwick ad Luto airports, ad is curretly the subject of a substatial upgrade which will icrease the regularity of service ad add ew destiatios icludig Cambridge. Bod Street From 2018 Farrigdo Crossrail will provide direct trais to Heathrow Airport, Paddigto Statio, the City ad Caary Wharf. These trasport improvemets will make Clerkewell oe of the best coected locatios i cetral Lodo. Baros Court Gloucester Road St. James s Park Warre Street Eusto Eusto Square Totteham Court Road Leicester Square Kig s Cross St. Pacras Holbor Blackfriars Farrigdo Cao Street SIXTEEN BOWLING GREEN LANE Barbica Moorgate Bak Old Street Liverpool Street Aldgate Fechurch Street Tower Hill Bermodsey Aldgate East Shadwell Tower Gateway Whitechapel Limehouse Wappig Caary Whar

descriptio 16 Bowlig Gree Lae is a five storey Grade II listed buildig which was built i the 1870s ad origially used as a prit warehouse. The property has bee comprehesively refurbished to provide ope pla office accommodatio with a ew heatig/coolig system ew bathroom ad kitcheette accommodatio ew lightig high ceiligs ad excellet atural light exposed brick fiishes retaiig may origial features 6 perso passeger lift Both the groud floor office suites have their ow frot door with Groud Floor West beig coected to the first ad secod floor accommodatio by its ow spiral staircase. Groud Floor East is a self-cotaied uit which has plaig permissio for both B1 ad A1 use. The upper floors are accessed via a separate etrace hall, a 6 perso passeger lift ad a iteral staircase.

PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY Third Floor accommodatio Office Office Lift The property has bee measured as havig the followig et iteral floor areas Groud Floor East Groud 519 sq ft Mezzaie 193 sq ft First Floor West 591 sq ft First Floor Secod Floor East West East West 558 sq ft 1,012 sq ft 579 sq ft 1,022 sq ft Office Lift Office Third Floor East West 584 sq ft 1,148 sq ft East 507 sq ft Fourth Floor West 1,149 sq ft Total Office 7,869 sq ft Groud Floor Mai Etrace teure Existig Substatio Etrace to rear courtyard Lift Cafe Freehold Kitche Bike Store

PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY icome teacies Carl Hase Groud Floor West, First ad Secod floors The lease is for a term of 10 years from 11 May 2015 at a ret of 85,000 per aum i the first year, risig to 170,000 per aum o 11 May 2016. The ret is subject to upward oly ret review o 11 May 2020. There is a teat optio to break the lease o 11 May 2020 o 6 moths otice. If the break is ot operated there is a further 12 moths at half ret. Teat Date Agreed Icome Commet Carl Hase Dec 2013 Evori Ltd Ja 2015 170,000 per aum ( 45 per sq ft) 185,000 per aum ( 55 per sq ft) Vedor top up first year s ret Vedor top up first year s ret Groud Floor East Vacat 36,950 per aum 2 year ret guaratee Total 391,950 per aum Evori Ltd Third ad Fourth floors The lease is for a term of 10 years from 31 May 2015 at a ret of 92,000 per aum i the first year risig to 185,000 per aum o 31 May 2016. The ret is subject to upward oly ret review o 31 May 2020. There is a teat optio to break the lease o 31 May 2022 o 6 moths otice. There is a year s ret deposit held by the vedors. coveats 8

recet office lettigs Date Property Floor Area (sq ft) Ret (per sq ft) April 2015 40 Compto Street 1st Floor 2,099 63.00 March 2015 40 Compto Street Gd Floor 2,077 62.50 February 2015 36-38 Hatto Garde Gd & 1st Floor 2,795 61.00 Q4 2014 49 Clerkewell Road 5,600 56.25 Q4 2014 3-11 Pie Street 3,562 58.00 recet ivestmet trasactios Address Price Yield Date Purchaser 102-108 Clerkewell Rd 15.25m 3.02% May 2015 17-18 Haywards Place 8.5m 4.14% Q4 2014 Mayfair Capital 77-79 Farrigdo Rd 25m 3.59% Q4 2014 NFU Mutual 80 Clerkewell Rd 8.5m 3.01% Q4 2014 UK Istitutio 85 Clerkewell Rd 31.6m 4.04% Q3 2014 Amsprop

PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY eergy performace certificate The property is Grade II listed ad as such does ot require a EPC. Value Added Tax The property is ot elected for VAT Proposal We are istructed to seek a price of 9,000,000 (Nie Millio Pouds) subject to cotract for the freehold iterest i the property. A purchase at this level would reflect a et iitial yield of 4.11% ad a reversioary yield of 4.95% after purchaser s costs at 5.80%

JAMES BOATMAN Chartered Surveyors 21 Woodstock Street, Lodo W1C 2AP 020 7409 0409 For further iformatio please cotact James Boatma 020 7409 0409 james@jamesboatma.co.uk Desiged & Produced by CORMACK 020 7620 1205 www.cormackadvertisig.com