7-8 Philpot Lane Brochure - Bilfinger GVA

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PH I LPOT LAN E LO N D O N EC 3

A RARE OPPORTUNITY TO ACQUIRE A PRIME SELF-CONTAINED HEADQUARTER OFFICE BUILDING IN THE HEART OF THE CITY OF LONDON

INVESTMENT SUMMARY

LOCATION

COMMUNICATIONS

-

7-8 Philpot Lane occupies a prime and prominent position on the west side of Philpot Lane, equidistant to the junctions of Fenchurch Street and Eastcheap and directly opposite the internationally renowned Rafael Viñoly designed 20 Fenchurch Street.

The property benefits from excellent communications being a short walk from a number of mainline and underground stations including the following:

-  Full vacant possession available from December 2015 -  A new lease for the whole building is available for a term by arrangement -  Potential to refurbish the building and add additional storeys to provide a high quality office building, a boutique hotel or serviced apartments, subject to obtaining necessary consents

The surrounding area provides a vibrant mix of retail and leisure amenities, with Leadenhall Market and the Royal Exchange are both within a short walk of the property.

TIME

Monument

100m

1 min

Fenchurch Street

300m

4 mins

Cannon Street

300m

5 mins

Bank

400m

6 mins

London Bridge

500m

8 mins

Liverpool Street

800m

13 mins

Source: TfL

LIVERPOOL ST.

LONDON WALL

HO

ST.

IS

UPPE R TH AME

20 FENCHURCH STREET

MONUMENT

S ST.

AR YA ST M

H RC HU NC FE

20 FENCHURCH STREET

EASTCHEAP

GR

EA TT OW ER ST.

WA BAY

LONDON BRIDGE

RIVER THAMES

LONDON BRIDGE CITY PIER TOOLEY ST.

PARK ST.

LONDON BRIDGE

EE

E CH UT CR

LOWER THAMES ST. RIVE R TH AME S

STR

T

FENCHURCH STREET MINCING LN.

ST.

TC H

ALDG

WILIS BUILDING

IDOL LN.

CANNON STREET

XE

GA TE ST.

NON

LOVAT LN.

ST.

CAN

30 ST MARY AXE

DI

KS

D AL

LEADENHALL MARKET T. ES LIM

PH ILP OT LAN E

M

BANK STATION

AR

LEADENHALL ST. LLOYD’S BUILDING

ST MARY AT HILL

ST .

UN

DS

M

THE LEADENHALL BUILDING

GR AC EC HU RC H

WALBROOK

D

IA ILL GW KIN

QUEEN ST.

AR

BIS HO

E AD

BOTOLPH LN.

LO MB

BANK

PS

OL

T. LE S

D NEE

ROYAL EXCHANGE CORNHILL

T. SS

QUEEN ST.

THR

RY BU

E INC

BANK OF ENGLAND

TH LO

PR

BANK OF ENGLAND

BE V

TOWER 42

MARK LN.

RO AD DB

MO O

30 ST MARY AXE THE LLOYD’S BUILDING

ST .

LONDON WALL

RGATE

THE LEADENHALL BUILDING TOWER 42

M ID DL ES EX

LIVERPOOL STREET

MOORGATE

RD

DF

RS RIA

ST.

JEWRY ST.

-  Flexible and efficient open plan floorplates which benefit from excellent natural light

Given the property’s proximity to the Lloyd’s Building, The Bank of England, and The London Underwriting Centre the area has long been favoured by major international occupiers from the insurance, financial, professional and corporate sectors. Prominent local occupiers include Accenture, Allianz, Aon, Lloyds Bank, Markel, M&G, Swiss Re, Willis and XL Catlin.

DISTANCE

LLOYD’S AV.

-  4,274 sq ft (397 sq m NIA) of offices arranged over basement, ground and three upper floors

STATION

SEETHING LN.

-  Located within the insurance district 200 metres to the south of the Lloyd’s Building and opposite the iconic 20 Fenchurch Street

GA TE

-  Prominent Grade II* listed building steeped in history, in the heart of the City of London

BIS HO PS

Freehold

THE BUILDING This attractive Grade II listed building provides regular and efficient open plan office and ancillary accommodation. The whole building is steeped in history and boasts a unique character, with a number of listed features that have been maintained to include an original feature staircase and the walled “undercroft”, or half-cellar, which was originally built in the 14th Century and is one of the few examples of buildings which survived the Great Fire in 1666. Furthermore, the original 18th Century decorative panelling is still retained on the first and second floors. 7-8 Philpot Lane meets both the requirements of a modern business while also offering a unique opportunity to acquire an established part of the City of London’s rich history.

SPECIFICATION

1ST FLOOR PLAN 949 SQ FT (88.2 SQ M)

-

Self-contained entrance

-

-

8 Person passenger lift

- Shower

-

Comfort cooling

-

Bicycle storage

-

Central heating

-

Attractive courtyard setting

-

Perimeter trunking

-

Period features

Male and female WC’s

W/C

ACCOMMODATION FLOOR

SQ FT*(NIA)

Sq M* (NIA)

3rd

995

92.4

2nd

877

81.5

1st

949

88.2

Ground

683

63.4

Basement

770

71.5

4,274

397

TOTAL

*These floor areas are from the Landlord and their accuracy has not been verified by Bilfinger GVA

PHILPOT LANE

For indicative purposes only, not to scale.

N

TENURE

TENANCY

The property is held Freehold under title number (NGL597603).

The property is currently let on a lease which expires in December 2015 outside of the protection of the Landlord and Tenant Act 1954.

2 3

PLANNING, DEVELOPMENT AND ALTERNATIVE USES

5

The property is Grade II* listed and lies within the Eastcheap Conservation Area.

Brabant Court

VAT

POT

9 10

EPC An Energy Performance Certificate is available upon request. The building has an F rating of 140.

PROPOSAL Offers for the Freehold interest in the building are invited subject to contract. A new lease direct from the landlord is also available, for a term by arrangement.

11

Tanner’s Hall

L AN E

7

The property is not elected for VAT purposes.

PHIL

4 BP

The property would merit consideration for refurbishment, extension and alternative uses to include retail, leisure, a boutique hotel or serviced apartments subject to obtaining the necessary consents.

The part tinted pink only includes the cellars and rooms over the passageway in the title. The part tinted blue only includes the cellars in the title.

VIEWING Strictly through sole letting agents.

LETTING

INVESTMENT

JAMES HUGHES

JEREMY PROSSER

AVI ORENSTEIN

HATTIE CHARLIER-POOLE

020 7911 2587 [email protected]

020 7911 2865 [email protected]

020 7911 2632 [email protected]

020 7911 2957 [email protected]

gva.co.uk /9086 020 7911 2730

GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents 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 outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. November 2015 DESIGNED AND PRODUCED BY CRE8TE - 020 3468 5760 - WWW.CRE8TE.LONDON