stratford place - amazon s3

STRATFORD PLACELONDON W1

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2 STRATFORD PLACE LONDON W1

A rare opportunity to acquire a Grade II listed, classically

proportioned Georgian property in the heart of prime Central London



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Historically significant Grade II listed building dating from 1774

Perfectly positioned to enjoy the world renowned amenities of Oxford Street, Bond Street, Mayfair and Marylebone

New long leasehold interest of 150 years at £1 per annum

Approximately 7,366 Sq ft of GIA and 5,415 sq ft of NIA arranged over ground and five upper floors

Property offered with vacant possession

Offers invited in excess of £7,000,000 for a long leasehold interest, reflecting a capital value of £1,292 per sq ft (NIA)

STRATFORD PLACE: UNIQUE LOCATION IN THE HEART OF LONDON’S WEST END

The West End is one of the most desirable office destinations globally and is favoured by various International office occupiers seeking a presence in London. Occupiers include Blackstone Group, Lloyds Private Banking, TPG Europe, Lazard KPMG, The Carlyle Group and SAB Miller. They are attracted to the area by the rich blend of attractive period office buildings alongside modern Grade A accommodation and the extensive amenities. Stratford Place is intrinsically linked with luxury due to it’s close proximity to Bond Street and some of the worlds most famous haute couture houses, jewellers and fine art collections including Chanel, Prada, Cartier, Patek Philippe, Burberry and Louis Vuitton. The property benefits from close proximity to open green spaces that includes the Royal Parks of Hyde Park and Green Park, as well as the famous garden squares of Berkeley Square, Grosvenor Square and Hanover Square.

The West End is home to the largest concentration of globally renowned restaurants, five star hotels and private members clubs in the UK, including Nobu, Hakkasan, The Ritz, The Claridge’s, Annabel’s and Dover Street Arts Club. The London and Oriental Club located moments away from the property at the northern end of Stratford Place.


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1 Roka

2 Nobu

3 Hakkasan

4 Scott’s

5 Maze

6 Sexy Fish

7 34 Mayfair

8 Le Gavroche

9 Pollen Street Social

10 Novikov

11 Kurt Geiger

12 Mulberry

13 Coffee Workshop

14 Disney Store

15 Selfridges

16 Daylesford

17 Wallace Collection

18 Liberty London

19 Carnaby Street

LEISURE & CULTURE33 Condé Nast

34 Norges

35 Lazard

36 TPG Europe

37 Blackstone Group

38 Grosvenor

39 KPMG

40 Cain Hoy

41 Bank J. Safra Sarasin

42 Lloyds Private Banking

43 Boston Consulting Group

44 Orion Capital Management

OFFICE OCCUPIERS20 Claridge’s

21 The Connaught

22 The Dorchester

23 Morton’s

24 Annabel’s

25 The Arts Club

26 The Westbury

27 The May Fair

28 The Ritz

29 Brown’s Hotel

30 The Chiltern Firehouse

31 The London and Oriental Club

32 The Ham Yard

HOTELS & CLUBS

EDGWARE ROAD OXFORD STREET

OXFORD STREET

OXFORD STREET

NEW OXFORD STREET

A4202 PARK LANE

A4202 PARK LANE

UPPER BROOK STREET

BROOK STREET

UPPER GROSVENOR STREET

G

ROSVENOR STREET

PORTLAND PLACE REGENT STREET REGENT STREET

ST JAMES’S STREET

PALL MALL

PICCADILLY

P

ICCADILLY

WIGMORE STREET

WIGMORE STREET

CAVENDISH PLACE MORTIMER STREET

M

ORTIMER STREET

TOTTENHAM COURT ROAD CHARING CROSS ROAD

COCKSPUR STREET

SHAFTSBURY AVENUE

SHAF

TSBU

RY A

VENU

E

GEORGE STREET

MARYLEBONE HIGH STREET THAYER STREET JAM

ES STREET

BAKER STREET PORTMAN SQUARE

GLOUCESTER PLACE PARK STREET

NEW CAVENDISH STREETCRAWFORD STREET

BEDFORD SQUARE BLOOMSBURY STREET

THE MALL

WHITEHALL

REGENT STREET ST JAMES'S

NEW BOND STREET

HYDE PARK

GREEN PARK

TOTTENHAMCOURT ROAD

LEICESTERSQUARE

PICCADILLYCIRCUS

GREEN PARK

BOND STREET

MARBLE ARCH

OXFORD CIRCUS

PORTMANSQUARE

MANCHESTERSQUARE CAVENDISH

SQUARE

ST JAMES'SSQUARE GARDEN

HANOVERSQUARE

GOLDENSQUAREGROSVENOR

SQUARE

BEDFORDSQUARE

BERKELEYSQUARE

STRATFORD PL

ST CHRISTOPHER’S PL

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44

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2

34

5

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1415

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17

31

22

21

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29

24

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26

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26

28

30

33

34

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383940

4242


NEW BOND STREETTUBE ENTRANCE

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CONNECTIVITY

The property has exceptional transport links, sitting above London Underground’s new Bond Street Station ticket hall on the north side of Oxford Street which delivers an entirely new entrance to the station from Marylebone Lane. Furthermore, multiple bus routes run along Oxford Street and Park Lane.

The newly refurbished Bond Street Station acts as a key interchange for Central London, currently providing access to the Jubilee and Central Lines and destined to offer a connection to the new Elizabeth Line services resulting from the Crossrail Project. When the Elizabeth Line fully opens, a train every two and a half minutes at peak time will take passengers all the way through to Heathrow or Reading (via Paddington) in the west and Shenfield (via Stratford) or Abbey Wood (via Canary Wharf) in the east.

MARYLEBONE LANE BOND STREET TUBE ENTRANCE BEHIND 2 STRATFORD PLACE


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Heathrow Airport

Reading

Shenfield

Abbey WoodCanary Wharf

Stratford

Whitechapel

Romford

Woolwich

London Overground

Farringdon

London Overground

Bond Street

Tottenham Court Road

Liverpool StreetPaddington

Acton Main Line

Ealing BroadwayHanwellSouthall

Hayes & Harlington

Maidenhead

West Ealing

Heathrow AirportTerminal 1, 2 & 3

Heathrow AirportTerminal 4

ELIZABETH LINE

JOURNEY TIMES FROM BOND STREET

Baker Street 2 minsLondon Bridge 8 minsBank 10 minsVictoria 10 mins

Paddington 3 minsFarringdon 5 minsLiverpool Street 7 minsCanary Wharf 13 mins

Waterloo 5 minsKing’s Cross St Pancras 5 minsMarylebone 5 minsEuston 9 mins

London City Airport 27 minsHeathrow Airport 32 minsGatwick Airport 53 minsStansted Airport 130 min

WestRuislip

EalingBroadway

GreenPark

Holborn Bank

SouthKensington

Paddington

Euston

St PancrasInternational / Kings Cross

LiverpoolStreet

TottenhamCourt Road

LeicesterSquare

Waterloo

Elephant & Castle

Morden

CharingCross

LondonBridge

Blackfriars

Farringdon

Stratford

EppingCockfostersHigh Barnet

Edgware

BondStreet

CanaryWharf

StanmoreShenfield

Romford

Abbey Wood

Reading

HeathrowTerminals 2-5

GatwickAirport

LutonAirport

2 Stratford Place

Elizabeth Line

Central Line

Jubilee Line

Piccadilly Line

Northern Line

Thames Link

LONDON CONNECTIONS




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354-358 OXFORD STREET – CGI OF NEW DEVELOPMENT

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STRATFORD PLACE

Stratford Place is in a unique location between Mayfair and Marylebone and close to London’s world famous Oxford Street. It is a sought after office, leisure and lifestyle address within the West End, offering world class amenities and connectivity.

Occupiers past and present of Stratford Place include: Martin Van Buren (the eighth American President), Edward Lear, The Office Group, Al Rayan Bank and the Oriental Club.

The adjoining property has planning permission for retail use at part basement, ground and first floors and 11 residential units on the second to fifth floors. The new building will dramatically improve the immediate location becoming a gateway property to Stratford Place. Work is due to commence in 2019/20.

Mayfair and Marylebone offer a wealth of amenity provisions from Michelin-starred cuisine to informal eateries, internationally acclaimed retail brands to independent boutiques which has evolved over recent years to remain a globally recognised destination of its own.

GROUND FLOOR CEILING

2 STRATFORD PLACE: CLASSIC GEORGIAN ELEGANCE

Originally constructed in 1774 the terraced property comprises office accommodation over ground to fifth floors.

All floors have excellent light front and back due to frontages to Stratford Place and a rear light well.

The property requires sensitive restoration to emphasise the innate architectural elegance of this historically important Georgian rarity.

The property provides an opportunity for an investor or owner occupier to create a beautiful restoration, personalised to reflect individual characteristics, whilst complementing this unique piece of history.


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GROUND FLOOR RECEPTION

GROUND FLOOR REAR

FIRST FLOOR FRONT

FIRST FLOOR REAR

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FIRST FLOOR

VACANT POSSESSION

The property is offered with vacant possession.

ACCOMMODATION

The building comprises the following floor areas:

GIA NIA

Floor Sq m Sq ft Sq m Sq ft

Fifth Floor 121.4 1,307 88.7 955

Fourth Floor 138.7 1,493 100.2 1,079

Third Floor 141.5 1,523 122.8 1,322

Second Floor 24.0 258 – –

First Floor 122.6 1,319 94.4 1,016

Ground Floor 136.2 1,466 96.9 1,043

Total 684 7,366 503 5,415


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The property has been measured in accordance with the Code of Measuring Practice, 6th edition.

Lift

Elec.

Boiler RoomF2.44

F2.43

2.11

9.294.16

4.12

FC 0.36CH 2.45

FC 0.91CH 2.72

FC 0.89CH 2.78

5.56

4.78

5.90

8.57

52.7 sq m568 sq ft

26.7 sq m287 sq ft

17.5 sq m188 sq ft

GROUND FLOOR

2.24

2.232.24

2.27

Lift

SECOND FLOOR

Lift

F2.77

2.98

3.05

FC 0.91CH 1.80

FC 0.85CH 1.76

FC 0.83CH 1.76

5.64

8.86

6.15

8.75

2.87

5.02

55.1 sq m593 sq ft

14.2 sq m153 sq ft

53.5 sq m576 sq ft

Lift

F2.42

2.47

2.40

FC 0.88CH 1.25

FC 0.80CH 1.28

FC 1.05CH 1.23

F2.43

F2.44

2.26

5.67

8.76

8.87

5.69

57.3 sq m617 sq ft

42.9 sq m462 sq ft

Lift

FC 1.038CH 1.27

FC 1.01CH 1.25

2.42

Roof Void

8.88

12.04

THIRD FLOOR FOURTH FLOOR FIFTH FLOOR

FIRST FLOOR

FC 0.16CH 3.29

4.76

FC 0.88CH 1.51

FC 0.89CH 2.78

4.75

2.37

4.77

2.49

FC 0.89CH 2.78

8.60

Lift

Stairs

5.61

4.78

5.99Void

52.9 sq m570 sq ft

13.6 sq m146 sq ft

27.9 sq m300 sq ft


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Not to scale

FLOOR PLANS


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Date Address Tenant Floor Area (sq ft) Rent (psf)

Jun-19 Seymour Mews House Union Bancaire Privee 2nd-5th 15,769 £90

Jun-19 40 Grosvenor Place Liberty Commodities 2nd 37,200 £83.50

Jun-19 111 Park Street Landmark Spaces 4th 10,284 £75

May-19 66-67 Newman Street Workpad LG-5th 14,122 £82

Apr-19 1 Soho Place G Research 5th-10th 102,600 £95

Mar-19 30 Berkeley Square Steadview Capital Management 6th 2,700 £250

Mar-19 20 St James’s Street EIG Partners 7th 5,259 £123

Mar-19 14-16 Great Portland Street The Wing 1st - 5th 10,527 £85

Feb-19 25 Berkeley Square Lansdowne Partners 6th - 9th 18,331 £130

Feb-19 55 Wells Street Mayfair Capital 2nd 5,116 £84

Dec-18 Kent House, 14-17 Market Place Sequoia Investment Management 6th 2,760 £88

Dec-18 2 Fitzroy Place Netflix 4th 12,878 £85

Oct-18 65 St James’s Square Whitehall Residences 2nd 2,707 £135

Oct-18 20 Rathbone Place T-Systems 6th 4,188 £90

Sep-18 Smithson Tower, St James’s Street

Pelham Capital 14th 3,577 £202

Sep-18 146 New Cavendish Street London Doyle Hotels 2nd 1,329 £90

Date Property Price Cap Val £ psf Purchaser

Jun-19 66-67 Newman Street £29,500,000 £2,029 Private Investor

Apr-19 39 St James’s Street £5,600,000 £2,147 Crown Estate (LLH Purchase)

Feb-19 17 Grosvenor Street £18,500,000 £1,992 Private Investor

Feb-19 26 St James’s Square £32,000,000 £2,000 Morgan Capital

May-18 11 Upper Grosvenor Street £18,650,000 £2,252 The Capital Partnership

MARKET COMMENTARY

London has continued to witness strong occupational and investment demand from both domestic and overseas investors. The West End market is characterised by a shortage of quality office accommodation to let and for sale. The lack of stock coupled with continued enthusiasm for prime, well-located assets has resulted in rising rents in some submarkets and continued investor demand.

West End investment turnover totals £1.89 bn across 40 transactions in the first half of 2019 (MSCI). Investor appetite is strong for refurbishment opportunities in Central London as developers and owner occupiers look to take advantage of the constricted supply pipeline.

Demand for vacant freehold property in the West End remains unprecedented as illustrated by the below transactions. The strength of this market is driven by owner occupiers wishing to put their mark on a building that reflects their own identity and individuality, whilst ultimately having their own front door.

2 Stratford Place offers owner occupiers the opportunity to invest in a unique location and to create a flagship headquarters office building. Recent deals include:


EPC

An EPC is available in the data room.

PLANNING

The property is located in the City of Westminster and is Grade II listed with B1 consent.

VAT

The property is elected for VAT.

DATA ROOM

Further information is available in the online data room. Please contact the sales team to request access.

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TENURE

The premises demised under the lease will comprise the existing office building (known as 2 Stratford Place) indicatively shown edged red on the drawing below.

The supporting/transfer structures separating the building from London Underground’s operational estate, all London Underground railway infrastructure, the subsoil beneath the building and the majority of the airspace directly above the building will be excluded from the lease demise.

The lease will contain a right of support from London Underground’s supporting structures subject to the tenant complying with a maximum permissible loading with provisions to protect the safe and efficient operation of London Underground’s railway.

Detailed Heads of Terms for the lease are available in the data room.

Misrepresentation Act 1967Montagu Evans LLP for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general guideline only for the guidance of intending purchasers or lessees and do not constitute the whole or any part of an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions of the use and occupation, and other details are given in good faith without responsibility whatsoever and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) Neither Montagu Evans LLP nor their employees has any authority to make or give any representation or warranties whatsoever in relation to the property. (iv) Unless otherwise stated, all prices and rents are quoted exclusive of VAT and intending purchasers or lessees must satisfy themselves independently as to the applicable VAT position. (v) All the plans and maps provided within the particulars are for identification purposes only. September 2020


Tracy Collins07831 420 528

[email protected]

For further information or to arrange an inspection of the property please contact a member of the sales team:-

PROPOSAL

We are seeking offers in excess of £7,000,000 for a long leasehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a capital value of £1,292 per sq ft (NIA).

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Alex Kirk

07763 934 [email protected]

stratford place - amazon s3

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