Investment

84 Glouchester Place, London, W1

LOCATION:
London's West End is one of the world's most popular retail destinations with Oxford Street, Bond Street and Regent Street benefiting from some 200 million visitors per year. Additionally the West End is an established and prestigious office location, housing a wide variety of occupiers, as well as being one of the world's most desirable residential locations.

The property is located in Marylebone, to the north of Portman Square. Marylebone is a vibrant retail and commercial location in the West End, which has evolved over recent times to be one of London's most desirable and fashionable locations. Marylebone High Street in particular has numerous designer shops, restaurants and cafés.

Transport links are excellent, with Marylebone (Bakerloo) and Baker Street (Bakerloo, Jubilee, Metropolitan, Hammersmith & City and Circle lines) Underground stations within a short walking distance. In addition, Marylebone National Rail Station is close by, providing links to Birmingham and the Chilterns.

DESCRIPTION:
The property is a brick built mid-terrace building dating from the 1800's and is arranged over lower ground, ground and four upper floors, including a mezzanine level between the ground and first. The property is Grade II listed.

The property was previously used as an embassy and as such it provides a mixture of both office and residential uses.

The lower ground, ground and first floors are currently office use, whilst the second, third and fourth are currently residential, albeit parts have been used by the embassy as offices temporarily. The residential units are accessed via the main staircase.

DETAILS:

• Freehold located in Marylebone
• Attractive Grade ll Listed period building
• 519 sq m (5,585 sq ft) net; 689 sq m (7,419 sq ft) gross
• Full vacant possession
• Suitable for owner occupation or change of use (subject to the usual necessary consents)
  Offers in excess of £3,500,000, subject to contract, reflecting a capital value of £626 psf based on the net internal area and only £471 psf on the gross internal area

Nadim Moualem
+44 (0) 20 7344 6981
nadim.moualem@colliers.com

Rob Johnston
+44 (0) 20 7344 6546
rob.johnston@colliers.com

Harry Savory
+44 (0) 20 7487 1871
harry.savory@colliers.com

Auctioneer contact:
John Mehtab
+44 (0) 20 7034 4855
john.mehtab@acuitus.co.uk

34 – 44 Boardwalk Place, Trafalgar Way, London E14 5SE

Description

Built by Bellway Homes, Boardwalk Place is a modern development comprising several blocks arranged around Poplar Dock Marina. The complex features a mixture of 1, 2 & 3 bedroom apartments and is popular with those working in Canary Wharf & The City

34-44 Broadwalk Place compromises 11 apartments arranged over 4 storeys benefiting from secure ground floor car parking.  Each apartment benefits from full central heating, integrated kitchens and a balcony together with a day porter service.

Location

Boardwalk Place is a quiet dockside cul-de-sac  just north of the central commercial area of Canary Wharf and opposite Billingsgate market offering fantastic views of Canary Wharf and the surrounding area.  The local area offers an array of bustling dockside bars and restaurants as well as a multitude shops housed within the Jubilee Place shopping mall.

Canary Whaf (Jubilee Line) and West India Quay (DLR) are both situated within a 10-minute walk.

• Canary Wharf leasehold residential opportunity.
• Poplar Dock Marina location.
• 11 apartments with secure car parking.
• Currently fully let on AST's.
• Producing appx £230,880 per annum.
• 8,925 sq ft NIA (829 sq m)
• Offers in the region of £4,000,000 (subject to contract)
• Investment Yield 5.77% Yield.

For further information please contact:

Caroline Hardwicke
+44 207 487 1884
caroline.hardwicke@colliers.com

Richard Blackburn
+44 207 487 1709
Richard.blackburn@colliers.com

 

1-3 Sussex PLace, Hammersmith W6 9EA

• Very prominent office building of 28,777 sq ft (2,674 sq m) NIA. fronting Hammersmith Flyover with 1.5 million approx. people passing every week.
• Office let to Makeback Limited guaranteed by Universal International Holdings BV until 14th May 2012 at £700,000 pa (£25.36 psf).
• Advertising Tower let to Makeback Limited guaranteed by Universal International Holdings BV until 14th May 2012 at £84,848.48 pa with scope, subject to necessary consents, to increase the size and height of the tower.
• Includes the adjoining site with a vacant B1 light industrial building for which there is a lapsed office consent for 15,134 sq ft GIA.
• Given the prominence of it's location it is an opportunity to create a landmark hotel, subject to planning.
• Opportunity to extend/refurbish existing building and let into an improving Hammersmith office market.
• Potential to redevelop the entire site following massing exercises for up to a 84,660 sq ft (7,865 sq m) NIA office building, subject to all necessary consents.
• Offers in excess of £7,000,000 (seven million pounds).

For further information or to arrange an inspection please contact:
Philip Papenfus (020 7344 6788)
Sarah O'Connell (020 7344 6794)
Dominic Amey (020 7344 6604)

SOLD NOVEMBER 2011

10 Buckingham Street, London WC2

• Freehold period office building.
• Located close to Covent Garden, Charing Cross, Embankment and the River Thames.
• Vacant possession from completion.
• Attractive office totalling 2,840 sq ft (263 sq m) net internal area / 4,019 sq ft (373 sq m) gross internal area, over lower ground, ground and 3 upper floors.
• Substantially refurbished in 2008 to include comfort cooling.
• Suitable for Investment, Owner Occupation or Residential Conversion, subject to obtaining the necessary consents.
• Offers in excess of £2,250,000 reflecting £792 per sq ft on the existing net floor area, and £560 per sq ft on the gross internal area.

Best bids by 12pm on Friday 8th July 2011.

SOLD NOVEMBER 2011

60 Grosvenor Street, London, W1

• Office building of 24,712 sq ft (NIA) 31,681 (GIA)
• 4 residential flats with a total area of 3,893 sq ft (GIA) plus 4 car parking spaces
• Long lease for 125 years from December 2007 (expires 2132)
• To be sold with vacant possession of the office building
• Potential to subdivide the property into two separate buildings, each with their own entrance
• Mixture of period and modern office space
• 2 passenger lifts

For further information or to arrange an inspection, please do not hesitate to contact the joint sole agents. Further information is available online at www.60grosvenorstreet.com

WITHDRAWN

The Grosvenor Victoria Casino, 150 - 152 Edgware Road, London W2 2DS

• Prime West End location. 
• Prominent corner site fronting Edgware Road totalling approximately 0.684 acres (0.28 hectares).
• London's largest Casino including Europe's Premier Poker Room with seating for up to 250 players.
• Freehold building totalling approximately 77,500 sq ft with extensive underground car parking and self contained residential block.
• Capital Value of approximately £683 psf.
• The entire premises is let on a full repairing and insuring lease for an initial term of 20 years from the 10 August 2006 with 5 yearly reviews linked to RPI (capped at 3%).
• The property is let in its entirety to the excellent covenant of Grosvenor Casinos Limited who have a Dun & Bradstreet rating of 5A1.
• Income of £2,789,000 per annum (£35.99 psf overall).
• Asset management opportunities including adding an additional floor and re-gearing leases.
• Offers in the region of £53,000,000 subject to contract.
• Attractive Net Initial Yield of approximately 5.00%.

105-107 Gloucester Place, London W1

Please find attached the details of an attractive investment opportunity we have been instructed to market.

The summary details are as follows:

• Freehold located in Marylebone
• Attractive inter-linking Grade ll Listed period buildings
• Full vacant possession available on 6 months' notice
• Suitable for owner occupation or residential conversion (subject to the usual necessary consents)
• Potential to separate the two buildings
• Offers in excess of £4,000,000, subject to contract, reflecting a low capital value of £545 psf based on the net internal area and under £350 psf on the gross internal area.

For further information or to arrange an inspection please contact:
Nadim Moualem (020 7344 6981)
Nick Pemberton (020 7487 1617)
Caroline Hardwicke (Residential) (020 7487 1884).

EXCHANGED JULY 2011

7-8 Conduit Street, London W1

• Multi let Mayfair virtual freehold retail and office investment.
• Total net internal area of 11,152 sq ft (1,036 sq m) which comprises 7,384 sq ft (686 sq m) of office space and 3,768 sq ft of retail and ancillary space.
• Efficient open plan well-configured office floors of circa 1,500 sq ft.
• Vacant refurbished suite on the first floor.
• Let to four office tenants and one retail tenant. Total current income including vendor guarantees on the vacant floor is £529,240 per annum. Relatively low average passing rents on leased offices of £37.81 per sq ft, which are reversionary. Retail tenant, The East India Fine Foods Company, currently completing a high quality fit-out including new shop-front.
• Long term potential to extend the building to the rear over ground floor extension.
• Short term lease expiries and current voids allowing active asset management opportunities and increasing the ability to take advantage of West End rental growth.
• Excellent location, connecting the prime stretches of Regent Street and Bond Street.

We are instructed to invite offers in excess of £10,500,000, subject to contract and exclusive of VAT for our client's virtual freehold interest, reflecting a net initial yield of 4.75% after deduction of usual purchaser's costs of 5.7625% and assuming vendor guarantee on the first floor.

SOLD OCTOBER 2010

Birkett House, 27 Albemarle Street, London W1

• Prime multi let Mayfair office and gallery retail property.Total net internal area of 16,257 sq ft (1,510.3 sq m), comprising 13,388 sq ft (1,243.7 sq m) of offices together with 2,869 sq ft (266.5) sq m of retail accommodation.
• Virtual Freehold (2000 year lease from 1913 at £54.56 pa fixed).
• Multi let to 8 tenants offering a broad tenant mix. Reversionary passing rent of £661,700 per annum gross reflecting only £38.60 per sq ft on the office element, and £130 Zone A on the retail.
• Development and asset management opportunities including rear extension and potential medium term conversion to residential (subject to necessary consents).
• Of potential interest to part owner occupiers. Second floor (2,124 sq ft) vacant in July 2010. Seventh floor (530 sq ft) currently vacant.

We are instructed to seek offers in excess of £12,500,000 for our client's virtual freehold interest, reflecting a net initial yield of 5%, after usual purchaser's costs of 5.76%, and a capital value of only £769 per sq ft. 

SOLD JUNE 2010

4 Tenterden Street, London W1

• Prime Mayfair location off the north-west corner of Hanover Square, widely regarded as one of London's most exclusive and prestigious areas.
• Freehold
• Secure income - 25 year lease from March 2008 with tenant only break option at the end of year 15.
• A modern attractive open plan office building arranged over basement, ground and five upper floors at a total of 17,740 sq ft (1,648 sq m) incl parking.
• Comprehensively refurbished in 2007.
• Directly opposite the new proposed Bond Street Eastern Crossrail station.
• Passing rent of £1,319,120, pa exclusive.

We are instructed to seek offers in the region of £24,935,000 subject to contract and exclusive of VAT for the Jersey-based SPV. This reflects a net initial yield of 5.2% (1.725% costs).

SOLD APRIL 2010

17 Fitzhardinge Street, London W1

• Prime LEASEHOLD office building, within The Portman Estate.
• Well-located, between Manchester and Portman Squares close to the junction with Manchester Square.
• Attractive period property with a total net internal area of 4,661 sq ft (433 q m).
• Estimated Gross internal area of 6,429 sq ft (597 sq m). Separate terrace to the rear.
• For sale with Full Vacant Possession.
• Long Leasehold from The Portman Estate, expiring December 2078 (68.5 yrs unexpired).
• Potential to extend, and add lift, subject to necessary consents.
• Not elected for VAT.

Offers are sought in the region of £3,000,000 (Three Million Pounds), subject to contract.

SOLD MARCH 2010

15 Berkeley Street, 35 Dover Street, Mayfair, London W1

• Freehold
• 40,201sqft (3,734.7sqm) of mixed used commercial property, including offices, retail, nightclub and restaurant.
• Total current income of £1,840,641 per annum, with over 50% of the income being until 2019.
• Extensive frontage to two of Mayfair's most prestigious streets, Dover and Berkeley Street.
• Substantial site offering significant future development opportunities.
• Potential for part change of use to residential subject to planning.
• Potential for part owner occupation.
• Active asset management opportunities including lease renewals and rent reviews.
• Low capital value of only £802 per sq ft
• Offers invited in excess of £32,270,000 reflecting 5.4% Net Initial Yield after standard purchaser's costs of 5.7625%.

If you would like further information including copies of the leases you can visit our website: www.colliersdocuments.co.uk/doverandberkeley

If you would like to arrange an inspection or discuss this opportunity further please contact either myself on 0207 344 6604 or my colleague Nick Pemberton 0207 487 1617.

SOLD MARCH 2010