bricks&mortar diamonds&gold

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1 bricks&mortar diamonds&gold Freehold Office Building For Sale Hatton Garden, London N 8HN

2 2 Freehold 2008 new build with green credentials and unique converted workroom Multi-let active management opportunity Low passing rent of 263,7 per annum ( 3.12 per sq ft overall) A short walk from the major Crossrail hub at Farringdon with direct links to West End, City, London International Airports and Eurostar. Offers invited in excess of,20,000 subject to contract A purchase at this level provides investors with an attractive net initial yield of.86% and a reversionary yield of 7.02% based on.8% acquisition costs, and an ERV of 2.0 ( 31,800 per annum)

3 Farringdon Road Leather Lane Hatton Garden Old Street Farringdon Station Smithfield Holborn Circus Barbican New Street Sq. The City St Paul s Cathedral 3 Clerkenwell Road Gray s Inn High Holborn Johnson Building Chancery Lane Tube Prudential Building Lincoln s Inn

4 1 2 N TO KINGS CROSS & ST PANCRAS G R AY S I N N R O A D F A R R I N G D O N R O A D 9 O L D S T R E E T Old Street Hatton Garden is situated on the eastern side of Hatton Garden, close to its junction with Clerkenwell Road. This central location links Clerkenwell and Holborn Circus and is perfectly positioned to access Farringdon Station and London s key commercial and cultural sights. Hatton Garden is globally recognized as the centre of the UK s diamond trade and London s jewellery quarter. However, in more recent years the area has become a very desirable location and attracted a range of bars, shops, and recreational facilities. It has a diverse mix of commercial occupiers of global standing, including Grey London, Thomson Reuters, Terence Conran, United London, McCann Erickson, Sainsbury s HQ, Deloitte, Warner Brothers, the Trainline and architects Zaha Hadid and Buchan Group International. The daily market on Leather Lane is very popular with local residents and occupiers, enhancing the vibrant atmosphere of the area. BLOOMSBURY K I N G S W A Y 11 T H E O B A L D S R O A D H I G H H O L B O R N LINCOLN S INN FIELDS A L D W Y C H 10 GRAY S INN G R A Y S I N N R O A D Chancery Lane C H A N C E R Y L A N E 6 F L E E T S T R E E T C L E R K E N W E L L R O A D 12 MIDTOWN 2 H AT T O N G A R D E N F A R R I N G D O N R O A D CLERKENWELL GREEN 7 8 FARRINGDON Farringdon FARRINGDON STREET S T J O H N S T R E E T C H A R T E R H O U S E S T H O L B O R N V I A D U C T Smithfield City Thameslink Blackfriars G O S W E L L R O A D A L D E R S G AT E S T Barbican St Paul s St Paul s Catherdral L O N D O N W A L L THE CITY Guildhall Moorgate Bank Of England Bank C I T Y R O A D M O O R G AT E L 1. Etc. Venues 2. Grey London 3. Thomson Reuters. Leather Lane market. Agent Provacateur 6. Ben Sherman 7. Trainline 8. Grimshaw architects 9. Zaha Hadid architects 10. ITN 11. Warner Brothers 12. Wragge & Co 13. Sainsbury s HQ 1. Deloitte

5 1 2 links are excellent with Farringdon station less than 00 metres away and Chancery Lane tube only 600 metres away. Farringdon station is at the heart of a major investment programme in London s 21st century railway network. Four lines already run through the interchange: one rail Thameslink and three Tube - Circle, Metroplitan and Hammersmith & City. Farringdon station offers direct trains to Gatwick and Luton airports via Thameslink, while St Pancras International and King s Cross are just one tube stop away. Crossrail With the opening of Crossrail, the new station at Farringdon will be linked directly to Heathrow, London City Airport, Canary Wharf and the international station at Stratford, thereby providing some of the best transport links in Western Europe.

6 In 2008 Hatton Garden was rebuilt and extended by Marldon to create a highly specified and green environment. Specification items include: 6 - perimeter VRV heating and cooling - air circulation system - raised access floors - exposed ceilings with ETAP lighting system - Kone eight person passenger lift - DDA compliant - bespoke oak joinery - kitchenettes to each floor - CP Hart fittings to bathrooms and shower room - key fob entry phone system - external lighting - solar powered centralised hot water system - rainwater harvesting system - guarantees and warranties available. The property provides some of the best accommodation in the area.

7 Net Internal Areas Rent Lease Deposit Sq m Sq ft pa /sq ft Start End Fifth Land Energy Ltd 23, /09/09 22/09/1 11,00 Fourth ,020 GIG Facades Ltd 27, /12/09 10/12/1 - Third ,020 Acoro Capital Partners LLP 30, /06/09 16/06/1 17,20 7 Second ,020 Anagennao LLP 39, /01/09 0/01/1 19,061 First Okamura Corporation 37, /08/08 26/08/13 22,278 Ground & Lower Ground , Buchan Group International PTY Ltd 10, /07/08 16/07/18 * 62,27 Total ,0 263, ,36 * Rent Review due 17 July 2013 and a Break Option on 7 January 201 subject to 6 months prior notice and a 26,20 penalty.

8 Land Energy Ltd (8.92% income) Land Energy is a renewable energy business dedicated to finding commercially viable solutions to reduce the carbon footprint of their customers. GIG Facades Limited (10.3% income) GIG Facades is the UK of the long established Austrian company GIG Fassaden. They design, produce and install unique premium facades for key architectural projects worldwide, including the British Museum New World Conservation Exhibition Centre in London. 8 Acoro CAPITAL Partners LLP (11.2% income) Acoro is authorised and regulated by the Financial Services Authority and provides specialist corporate finance and advisory services to financial sector clients in Central and Eastern Europe. Anagennao LLP (1.09% income) Anagennao invest in and provide consultancy services for the development of new facilities in the health, social care, emergency services and regeneration markets. Okamura CORPORATION (1.39% income) For over 6 years, Okamura has been Japan s leading furniture manufacturer and is recognised for its high quality products now distributed to over 0 countries. The Buchan Group (39.8% income) Formed in 1990 the Buchan Group is one of the largest architectural groups in Australasia, also with s in London, Dubai and Shanghai. It is recognised for design excellence and depth of experience in large scale projects, which include Westfield London and Westfield Stratford City.

9 1 2 3 plans Lower Ground Ground 1st th Lower Ground 9

10 1 2 3 plans Lower Ground Ground 1st th Ground 10

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13 The Midtown, Clerkenwell and City Fringe This area is one of the most active commercial real estate markets in Central London. Rising occupier demand driven by companies seeking character s has created competitive pressure and in 2012 generated over 10% rental growth. Current vacancy rates in the district stand at 6.7% against a Central London average of 7.% (EGI London Analysis). This exciting market has attracted a variety of investors including institutional funds, property companies, private individuals and overseas investors. Recent transactions include: transactions Property s Size Price NIY DATE 6 Clerkenwell Road B,G, 1st-th 12,786 sq ft Freehold sold at.m 3.72% Q Griffin Building 83 Clerkenwell Road B,G, 1st-3rd 19,31 sq ft Freehold sold at 9.0m.00% Q Ray Street B,G, 1st-th 18,230 sq ft Freehold sold at 9.12m.6% Q Letting transactions Property ACCOMMODATION Rent Achieved ( /sq ft per annum excl.) DATE 66 Turnmill Street First floor - 86 sq ft 3.2 Q St Cross Street Fifth floor - 3,722 sq ft 2.0 Q Clerkenwell Road Fourth floor - 1,318 sq ft 39.0 Q Charterhouse Buildings First floor - 1,37 sq ft 3.6 Q

14 Proposal Tenure Freehold (Title number LN1989). FURTHER INFORMATION For further information please visit the or to arrange an inspection please contact the joint sole agents: Price Offers for the freehold interest are invited in excess of,20,000, subject to the existing leases and subject to contract. A price at this level reflects a net initial yield of.86% and a reversionary yield of 7.02% based on.8% acquisition costs and an ERV of 2.0 psf ( 31,800 per annum). T: T: VAT The property has been elected for VAT. However, provided the relevant conditions are satisfied it is envisaged that the sale will be treated as a Transfer of a Going Concern. Richard Clarke rclarke@matthews-goodman.co.uk Peter Thomas pthomas@matthews-goodman.co.uk Chris Antoniou chris@antonpage.com Finn Ledwidge finn@antonpage.com A design and build by Warranties Warranties and Guarantees in respect of the building are available. 1 Click to view Matthews & Goodman LLP and Anton Page give notice that: These particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties 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. No person in the employment of Matthews & Goodman LLP and Anton Page has any authority to make any representation or warranty whatsoever in relation to this property. Guide prices, rents or other prices quoted are correct at the date of publication and, unless otherwise stated, exclusive of VAT. Intending purchasers and lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. Date of publication January 2013.