Prime Freehold Residential Investment Opportunity73, 75 & 77 Chiltern Street comprise three attractive mid terraced period properties, which have not been sold in nearly 90 years, located in a highly desirable part of Marylebone.

73, 75 & 77 CHILTERN STREET, LONDON, W1U 6NW

Summary

• A collection of three Victorian buildings in the heart of Marylebone, moments from the fashionable Marylebone High Street, Baker Street Underground, Oxford Street and open spaces of Regent’s Park and Hyde Park.

• The buildings are currently arranged as 9 self-contained flats set over the lower ground to second floor extending to approximately 4,500 sqft (NSA) and 4,953 sqft (GIA).

• 73 and 77 Chiltern Street are in tired condition and present a good opportunity to refurbish and reconfigure the existing accommodation. 75 Chiltern Street has been refurbished and therefore presents in good condition.

• All three properties benefit from significant extension potential with the opportunity to build an additional storey (subject to planning) across all three properties. In addition, there is possible scope to complete a rear extension at ground floor level at 73 & 77 Chiltern Street, subject to the usual consents.

• All the flats are currently let on ASTs, producing a total income of approximately £187,420 per annum.

• Chiltern Street has been subject to some extremely high end residential development which has not only had a positive impact on Chiltern Street, but on the wider Marylebone market as a whole.

• The property benefits from excellent transport links as well as outstanding amenities within the immediate vicinity.

• The freehold interest is offered for sale by Private Treaty.

Summary

Location

Chiltern Street is located within the Borough of the City of Westminster, and the subject properties are situated 200m to the south of Baker Street Underground station and a short walk from Regent’s Park. Marylebone has become one of London’s most sought after residential locations for numerous reasons including the attractive High Street, its proximity to Oxford Street, Mayfair and the open spaces of Regent’s Park and Hyde Park.

In respect of other important residential sites in close proximity, The Chilterns, a luxury residential development by Galliard Homes, and Chiltern Place by Ronson Capital Partners are both directly opposite the subject properties.

There are excellent amenities in the immediate area. Chiltern Street is home to a variety of renowned boutique shops and restaurants, including Chiltern Firehouse. The iconic Marylebone High Street is located approximately 300m to the east of the property whilst Oxford Street is approximately 850m to the south. The area also benefits from internationally renowned universities including the University of Westminster and Regent’s University, both of which are within a short walking distance.

The area benefits from excellent transport links with Baker Street Underground Station (Circle, Bakerloo, Jubilee, Metropolitan and Hammersmith and City lines) located just moments to the north and Bond Street Underground Station (Central and Jubilee) approximately 1km to the south. Furthermore, Marylebone station is situated approximately 700m to the north west of the subject properties, providing national rail services to destinations including Birmingham and Oxford.

Road communications are also excellent with the Marylebone Road (A501) situated at the northern end of the Chiltern Street, providing access to the M4, via the A40 to the West and to the City to the East.

Location Plan Site Plan

Location

Description

• The properties comprise three attractive mid-terraced Victorian buildings set across four floors with brick façade and timber casement fenestration.

• 73, 75 &77 Chiltern Street are currently configured to provide 9 self-contained apartments across the three separate buildings, arranged over the lower ground to second floors, totalling approximately 4,500 sqft (NSA) and 4,953 sqft (GIA).

• The properties provide a mix of unit types including 4 x studios, 1 x 1 bedroom and 4 x 2 bedroom flats.

• The 9 flats are currently let on ASTs producing a total annual rent of approximately £187,420 per annum, with significant potential to increase.

• 73 & 77 Chiltern Street are in tired condition and present an excellent opportunity to fully refurbish throughout and potentially reconfigure and extend to the rear (subject to the usual consents)

• Potential to significantly increase the rental return through refurbishment and extension.

• 75 Chiltern Street has been refurbished but could benefit from further modernisation or reconfiguration.

• The properties benefit from the opportunity to carry out a rear extension at ground floor level and add an additional storey across all three properties subject to the usual consents.

Description

Aerial

BELGRAVIA

HYDE PARK

MONTAGU SQUARE

GLOUCESTER PLACE

BAKER STREET

BAKER STREET 150m

MARBLE ARCHBOND STREET

CHILTERN PLACE

SOHO HOUSESELFRIDGES

CHILTERN FIREHOUSE

THE CHILTERNS

MAYFAIR

ST JAMES

OXFORD STREET

73, 75 & 77 CHILTERN STREET

MARYLEBONE HIGH STREET

Gallery

Gallery

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Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

Gallery

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Gallery

Gallery

Floor Plans

Chiltern Street 73

Floor Plans

LOWER GROUND FLOOR SECOND FLOOR

APPROX. GROSS INTERNAL AREA *1599 Ft ² - 148.55 M ²

CHILTERN STREET W1

B K Rwww.bkrfloorplans.co.uk

T: 0845 257 2023BKR 2016C

* As Defined by RICS - Code of Measuring Practice

Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.

N

Kitchen12'3'' x 8'3''

3.73 x 2.51m

DiningRoom

16'3'' x 12'3''4.95 x 3.73m

Bedroom12'3'' x 9'9''

3.73 x 2.97m

Bedroom10' x 9'9''

3.05 x 2.97m

ReceptionRoom

16'3'' x 12'6''4.95 x 3.81m

Kitchen10' x 7'6''

3.05 x 2.29m

Bedroom16' x 9'6''

4.88 x 2.90m

Bedroom11' x 10'

3.35 x 3.05m

LGF

UF

Garden17'3'' x 19'8''5.26 x 5.99m

GROUND FLOOR FIRST FLOORLower Ground Floor Ground Floor

First Floor Second Floor

Sq Ft Sq M

Lower Ground Floor Flat 729 67.72

Upper Floor Flat 812 75.43

Total 1,541 143.16

Gross Internal Area Schedule Flat by Flat

Floor Plans

Chiltern Street 75

Floor Plans

APPROX. GROSS INTERNAL AREA *1757 Ft ² - 163.23 M ²

CHILTERN STREET W1

B K Rwww.bkrfloorplans.co.uk

T: 0845 257 2023BKR 2016C

* As Defined by RICS - Code of Measuring Practice

Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.

N

Kitchen10'3'' x 7'3''

3.12 x 2.21m

ReceptionRoom

16'3'' x 12'4.95 x 3.66m

Bedroom10'3'' x 8'3''

3.12 x 2.51m

Bedroom16'3'' x 9'3''

4.95 x 2.82m

Bedroom9'9'' x 8'3''

2.97 x 2.51m

Kitchen/Reception

Room15'3'' x 12'3''4.65 x 3.73m

Void

VaultVault

Bedroom12'3'' x 8'6''

3.73 x 2.59m

Kitchen/Reception

Room15'3'' x 11'3''4.65 x 3.43m

Bedroom8'9'' x 8'

2.67 x 2.44m

LOWER GROURD FLOOR GROURD FLOOR FIRST FLOOR SECOND FLOOR

FF

GF

LGF

Store

Sq Ft Sq M

Lower Ground Floor Flat 489 45.43

Ground Floor Flat 394 36.60

First Floor Flat 743 69.02

Total 1,626 151.06

Lower Ground Floor Ground Floor

First Floor Second Floor

Gross Internal Area Schedule Flat by Flat

Chiltern Street 77

Floor Plans

Floor Plans

Studio16'3'' x 13'

4.95 x 3.96m

11' x 10'9''3.35 x 3.28m

Studio15' x 12'

4.57 x 3.66m

TFF

Kitchen11' x 10'6''

3.35 x 3.20mFFF

GFF

Kitchen11' x 10'6''

3.35 x 3.20m

Studio12'9'' x 12'6''3.89 x 3.81m

Vault

FireExit

LGFF

Studio15'3'' x 12'3''4.65 x 3.73m

Storage

Kitchen10'9'' x 10'

3.28 x 3.05m

LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR

B K Rwww.bkrfloorplans.co.uk

T: 0845 257 2023BKR 2016C

APPROX. GROSS INTERNAL AREA *1597 Ft ² - 148.36 M ²

CHILTERN STREET W1

* As Defined by RICS - Code of Measuring Practice

Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.

N

Sq Ft Sq M

Lower Ground Floor Flat 396 36.79

Ground Floor Flat 280 26.01

First Floor Flat 323 30.01

Second Floor Flat 334 31.03

Total 1,333 123.84

Lower Ground Floor Ground Floor

First Floor Second Floor

Gross Internal Area Schedule Flat by Flat

Accommodation

Address Floor Beds Area (sq ft) Outside Space Rent (PCM) Rent (PA) Expiry

73 Chiltern StreetGround/Lower Ground 2 729 Garden £2,200 £26,400 20/11/15

First/Second 2 812 £2,383 £28,660 18/05/17

75 Chiltern Street

Lower Ground 2 489 Garden £1,885 £22,620 11/06/16

Ground 1 394 £1,700 £20,400 22/08/16

First/Second 2 743 £2,600 £31,200 30/09/16

77 Chiltern Street

Lower Ground 0 396 Garden £1,400 £16,800 24/11/16

Ground 0 280 £1,050 £12,600 31/01/16

First 0 323 £1,300 £15,600 21/08/16

Second 0 334 £1,100 £13,200 31/12/16

Total 4,500 £15,618 £187,420

Accommodation & Tenancy Schedule

Legals

ServicesIt is our understanding that mains water, electricity, gas and drainage are provided, although it will be the responsibility of the purchaser to ensure they are adequate for any future use of the property.

Town PlanningThe Freehold interest is to be made available for sale as a whole by means of Private Treaty.

Legal

Energy Performance Certificate

Ground Floor Flat75 Chiltern StreetLONDONW1U 6NW

Dwelling type: Mid floor flatDate of assessment: 16 May 2009Date of certificate: 26 May 2009Reference number: 8471-6325-6480-4216-7096Total floor area: 32 m²

This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency basedon fuel costs and environmental impact based on carbon dioxide (CO²) emissions.

Based on standardised assumptions about occupancy, heating patterns and geographical location, the above tableprovides an indication of how much it will cost to provide lighting, heating and hot water to this home. The fuel costsonly take into account the cost of fuel and not any associated service, maintenance or safety inspection. Thiscertificate has been provided for comparative purposes only and enables one home to be compared with another.Always check the date the certificate was issued, because fuel prices can increase over time and energy savingrecommendations will evolve.

Energy Efficiency RatingCurrent Potential

Very energy efficient - lower running costs

Not energy efficient - higher running costs

England & Wales EU Directive2002/91/EC

The energy efficiency rating is a measure of theoverall efficiency of a home. The higher the rating,the more energy efficient the home is and the lowerthe fuel bills are likely to be.

Environmental Impact (CO²) RatingCurrent Potential

Very environmentally friendly - lower CO² emissions

Not environmentally friendly - higher CO² emissions

England & Wales EU Directive2002/91/EC

The environmental impact rating is a measure of ahome's impact on the environment in terms ofcarbon dioxide (CO²) emissions. The higher therating, the less impact it has on the environment.

Estimated energy use, carbon dioxide (CO²) emissions and fuel costs of this home

Current Potential

Energy use 169 kWh/m² per year 169 kWh/m² per yearCarbon dioxide emissions 0.9 tonnes per year 0.9 tonnes per yearLighting £15 per year £15 per yearHeating £170 per year £170 per yearHot water £55 per year £55 per year

This EPC and recommendations report may be given to the Energy Saving Trust to provide you withinformation on improving your dwelling’s energy performance.

For advice on how to take action and to find out about offers available to help make your home more energyefficient call 0800 512 012 or visit www.energysavingtrust.org.uk/myhome

Page 1 of 5

Local AuthorityCity Of Westminster

Westminster City Hall64 Victoria Street London SW1E 6QP

Postal Address73, 75 & 77 Chiltern Street, London, W16 6NW

Inspection The property may be inspected strictly by prior appointment only through the vendor’s selling agents, Knight Frank LLP.

Method of Sale The freehold interest is to be made available for sale as a whole, by means of Private Treaty.

www.westminster.gov.uk

EPCPlease contact Knight Frank for the EPC’s of all other flats.

Further Info

Example

Important Notice 1. Particulars; these particulars are not an offer or contract nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing as being factually accurate about the property, its conditionor its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property or development and accordingly any information given is entirely without responsibility on the part of the agents,sellers or lessors.2. Images photographs and other information: Any computer generated images,plans, drawings, accommodation schedules, specification details or other information provided about the property (“information”) are indicative only. Any such information may change at any time and must not be relied upon as being factually accurate about the property. Any photographs are indicative of the quality and style of the development and location and do not represent the actual fittings and furnishings at this development.3. Regulations: Any reference to alterations to the property or use of any part of the development is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending purchaser. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London,W1U 8AN, where you may look at a list of members’ names. Designed by

Contact

Contact

Knight Frank

Nick Pleydell-Bourverie MRICSPartner - Residential Investments

Knight Frank55 Baker StreetLondonW1U 8AN

020 7861 5256

Knight Frank

Guy Stebbings MRICSAssociate - Residential Investments

Knight Frank55 Baker StreetLondonW1U 8AN

020 7861 5413

Knight Frank

Emma Matthews MRICSSurveyor - Residential Investments

Knight Frank55 Baker StreetLondonW1U 8AN

020 7861 5373

Knight Frank

James CooperSurveyor - Residential Investments

Knight Frank55 Baker StreetLondonW1U 8AN

020 3826 0648