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