Aerial CGI of the proposed scheme

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2 Aerial CGI of the proposed scheme

3 m m m m One of the few remaining riverside development sites in the City of Westminster. Located in a prime SW1 location a short distance from major London landmarks including Buckingham Palace, the Houses of Parliament and Tate Britain. Excellent location providing easy access to the West End, Belgravia and Knightsbridge. Planning permission has been granted for a high quality residential scheme to create eight luxury apartments with amenities and basement parking for 12 cars. m m m m m The proposed scheme extends to six storeys from basement to fourth floor incorporating 2,55 sq ft (2,190 sq m) Gross Internal Area and 1,444 sq ft (1,528 sq m) and 1,444 sq ft (1,528 sq m) Net Saleable Area. The site has been cleared and is vacant providing the opportunity to develop immediately. There is potential to increase the existing massing subject to the necessary consents. Total site area of acres (0.01 hectares). The majority of the site is owned Freehold with a smaller part fronting Grosvenor Road held on a long leasehold interest.

4 4 Location LISSON GROVE REGENTS PARK EUSTON ST. PANCRAS CLERKENWELL SHOREDITCH 15 Grosvenor Road is located on the southern boundary of the City of Westminster and has a fantastic position on the north bank of the River Thames. The site benefits from uninterrupted river frontage overlooking Battersea / Nine Elms to the south west. The site is bounded to the east by Westminster Boating Base and Pimlico Gardens. To the west is Dolphin Court tennis court. The immediate area is predominantly residential and populated with characteristic garden squares including Dolphin Square and St George s Square on the opposite side of Grosvenor Road. The area is home to Tate Britain and Chelsea College of Art and Design, along with a wide range of cafes, restaurants, bars and shops. It also benefits from proximity to the world class restaurants and shops of Belgravia and Chelsea, as well as Nine Elms, which over the next few years will undergo a comprehensive regeneration to provide new homes, offices, hotels, restaurants and shops. The property is well served by public transport, with Pimlico Underground station (Victoria line) 500 metres to the north east. Grosvenor Road (A212) is a major thoroughfare into central London and provides easy access to the major arterial roads leading out of London. London Victoria Station is located 1.5km to the north of the property, providing underground (Victoria, Circle and District lines) and overground rail services, including direct express train services to London Gatwick Airport. London Waterloo is also km to the north east providing underground (Northern, Jubilee, Bakerloo and Waterloo and City lines) and overground services. KENSINGTON GARDENS KNIGHTSBRIDGE ROYAL ALBERT HALL South Kensington BROMPTON CHELSEA MARYLEBONE HYDE PARK Marble Arch HARRODS Sloane Square Park Lane RIVER THAMES BATTERSEA PARK Hyde Park Corner ONE HYDE PARK CHELSEA FLOWER SHOW RANELAGH GARDENS Bond Street MAYFAIR The Dorchester Hotel BUCKINGHAM PALACE GARDENS BELGRAVIA PIMLICO Regent Street GREEN PARK BUCKINGHAM PALACE WESTMINSTER CATHEDRAL BATTERSEA POWERSTATION SOHO ST. JAMES S PARK NINE ELMS BLOOMSBURY LEICESTER SQUARE PICCADILLY CIRCUS WESTMINSTER COVENT GARDEN The Savoy Hotel TRAFALGAR SQUARE WESTMINSTER ABBEY HOUSES OF PARLIAMENT TATE BRITAIN NEW AMERICAN EMBASSY HOLBURN ROYAL OPERA HOUSE LONDON EYE RIVER THAMES WATERLOO OVAL CRICKET GROUND IMPERIAL WAR MUSEUM LAMBETH ST PAUL S CATHEDRAL TATE MODERN SOUTHWARK BARBICAN THE CITY THE SHARD NEWINGTON WALWORTH TOWER OF LONDON BURGESS PARK WHITECHAPEL TOWER BRIDGE BERMONDSEY PECKHAM BATTERSEA STOCKWELL MYATTS FIELD SOUTH CAMBERWELL

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6 Description Howard House The site extends to approximately 0.01 hectares (0.152 acres) and is situated on the north bank of the River Thames. The site benefits from uninterrupted river frontage with ownership rights to the low-tide mark of the River Thames. Access to the site is off Grosvenor Road. 5.5m The site is vacant having previously been occupied by the renowned Villa Elephant restaurant before it s demolition, which was completed in August It is presently surrounded by hoarding and has been cleared in Frobisher House preparation for development. ouse isher Nelson House Grenville House m GROSVE NOR ROAD Drake House Hawkins House Raleigh House Pimlico G ard 4.8m D Fn 15 1 Tennis Court W estminster Boating Base 12 MP Dinorvic W harf Mud 10 Grosvenor Pier CGI of proposed exterior Dolphin

7 Consented Scheme The site benefits from a planning permission to create a detached riverside residential scheme providing eight luxury apartments with amenities and basement parking. Planning consent was granted by Westminster City Council on 29th October 2010 (10/05221/FULL) for: Demolition of existing single storey building and erection of a new residential building comprising basement, lower ground, upper ground and four upper floors to provide eight self-contained flats, including basement car parking for five vehicles. Installation of mechanical plant and solar photovoltaic panels at roof level. The property has been the subject of a number of subsequent applications for non material amendments to the approved scheme and the discharge of planning conditions, which have been permitted. A Section application (1/0129/FULL) was submitted in February 201 for the variation of conditions 15,1, 19 and 28 to enable the extension of the basement to include a sub-station and car stacking system. This application was permitted on 2nd September 201 and is a new planning permission which can be implemented within years of this date. The consented scheme includes the following accommodation: Unit Floor Amenity GIA (sq m) GIA (sq ft) Basement Car Parking and Storage Basement 1,401 Substation Basement 1 12 Duplex Apartment 1 Lower & Upper Ground 1.5 1,900 Duplex Apartment 2 Lower & Upper Ground 209 2,250 Apartment 1 First 9.5 sq m balcony ,88 Apartment 2 First 9.5 sq m balcony ,0 Apartment Second 9.5 sq m balcony ,88 Apartment 4 Second 9.5 sq m balcony ,0 Apartment 5 Third 19 sq m balconies 2,509 Penthouse Fourth 5. sq m terrace 28.,085 TOTAL GROSS INTERNAL AREA 2, ,55 TOTAL NET SALEABLE AREA (excluding balconies) 1,528 1,444 This planning permission provides for 12 car parking spaces within the basement accessible via a car stacking system, with the opportunity for additional parking, if necessary, in front of the property. The planning permission is subject to a Section 10 Agreement which includes an obligation to provide to the City of Westminster a Payment in Lieu of affordable housing of 444,000. The site is not within a Conservation Area.

8 Indicative interior CGI of proposed scheme Indicative interior CGI of proposed scheme CGI of rear elevation

9 Indicative interior CGI of proposed scheme Indicative balcony CGI of proposed scheme Indicative interior CGI of proposed scheme Indicative interior CGI of proposed scheme

10 Floor Plans Penthouse Fourth Floor dressing ROOF TERRACE ROOF TERRACE Bedroom Suite 2 En Suite 2 Void Bedroom Suite 4 access to roof CIRCULATION CORE LIFT Bedroom Suite 1 En Suite 4 WC dressing En Suite Penthouse APARTMENT SVP Entrance Hall En Suite 1 dressing Kitchen Living Area Dining Area Bedroom Suite 1 ROOF TERRACE ROOF TERRACE

11 Floor Plans Apartment 5 Third Floor Bedroom Suite 2 En Suite 2 Bedroom Suite Bedroom Suite 4 9 CIRCULATION CORE LIFT En Suite 4 En Suite WC En Suite 1 Penthouse APARTMENT 5 ENTRANCE HALL Kitchen Bedroom Suite 1 Living Area Dining Area BALCONY BALCONY

12 D shelving unit 12 Floor Plans Apartments & 4 Second Floor Bedroom Suite 2 En Suite 2 En Suite 2 dressing Void Bedroom Suite 8 CIRCULATION CORE LIFT Bedroom Suite 2 Bedroom Suite En Suite WC En Suite SVP APPARTMENT LOBBY APPARTMENT 4 WC SVP En Suite 1 En Suite 1 Kitchen Kitchen Bedroom Suite 1 Bedroom Suite 1 Living Area Living Area BALCONY BALCONY

13 Floor Plans Apartments 1 & 2 First Floor Bedroom Suite 2 En Suite 2 En Suite 2 dressing Voi d Bedroom Suite 2 Bedroom Suite Bedroom Suite 8 CIRCULATION CORE LIFT En Suite WC Void Void En Suite SVP LOBBY APPARTMENT 1 APPARTMENT 2 WC En Suite 1 En Suite 1 Kitchen Kitchen B Bedroom Suite 1 Bedroom Suite 1 Living Area Living Area BALCONY BALCONY

14 C Floor Plans Duplex Apartments 1 & 2 Upper Ground Floor Bedroom 2 Bedroom Bedroom 4 Bedroom 5 8 CIRCULATION CORE LIFT En Suite 2 En Suite LOBBY En Suite 4 En Suite 5 En Suite 1 DUPLEX 1 DUPLEX 2 Lounge Lounge En Suite Bedroom 1 Bedroom LINE OF BUILDING OVER

15 Floor Plans STAIR WELL TO BELOW GROUND SUBSTATION Duplex Apartments 1 & 2 Lower Ground Floor REFUSE ENTRANCE FOYER CAR LIFT TO BASEMENT WC CIRCULATION CORE LIFT WC Office En Suite LOBBY Kitchen Kitchen DUPLEX 1 DUPLEX 2 DW Lounge Lounge

16 Floor Plans BELOW GROUND TRANSFORMER SUBSTATION Substation, Parking and Storage Basement PENTHOUSE DUPLEX APARTMENT 2 BIKE STORAGE APARTMENT STAIRS TO GROUND LEVEL APARTMENT 1 APARTMENT 4 DUPLEX 1 CAR LIFT STORAGE AREA METER ROOM APARTMENT PLANT ROOM CAR LIFT MACHINE ROOM CIRCULATION CORE LIFT WC LAYER PARKER 12 SPACES

17 Floor Plans DRIVEWAY OVER PAVEMENT Site Plan PLANTING PLANTING DROP-OFF/APPROACH TO MAIN ENTRANCE RAMP TO CAR LIFT MAIN ENTRANCE SERVICE PARKING STAIR WELL TO BELOW GROUND SUBSTATION ENTRANCE FOYER REFUSE CAR LIFT TO BASEMENT LIFT Office WC CIRCULATION CORE WC En Suite LOBBY Kitchen Kitchen DUPLEX 1 SEE INDIVIDUAL PLAN DUPLEX 2 SEE INDIVIDUAL PLAN DW Lounge Lounge LINE OF BUILDING OVER RIVER WALK RIVER WALL

18 18 Architectural Elevations NORTH ELEVATION GROSVENOR ROAD EAST ELEVATION WESTMINSTER BOATING BASE

19 19 SOUTH ELEVATION RIVER THAMES WEST ELEVATION PRIVATE RECREATIONAL AREA

20 20 Potential Enhancements The vendor has been in discussions with their planning consultants regarding further enhancements to the consented scheme which, subject to the necessary consents, may include: m Two further floors. m The inclusion of a roof terrace with conservatory providing extensive city and river views. m m The inclusion of a private jetty. The potential to amend the layouts of the property to configure as a single residence. These enhancements have the potential to provide the following additional area: Potential Addition Amenity Residential GIA (sq m) First additional floor four bedroom apartment Second additional floor four bedroom apartment Roof conservatory terrace Residential GIA (sq ft) , , Any enhancements will be subject to obtaining the necessary consents. CGIs of these potential enhancements are included in the brochure and the dedicated project website, for illustrative purposes only. Aerial CGI of the approved scheme with potential roof terrace enhancement

21 21 Aerial CGI of potential scheme with roof terrace and small jetty CGI of potential scheme with additional two storeys and roof terrace CGI of potential scheme with roof terrace and large jetty CGI of potential roof terrace

22 22 Tenure The property comprises of two parcels of land which are registered with Land Registry under title numbers NGL4149 and NGL The larger parcel of land identified under title number NGL4149 is owned freehold. The smaller parcel of land fronting Grosvenor Road is owned leasehold under title number NGL89595 and was entered into to provide access and services to the freehold property. The freeholder of the lease is the Lord Mayor and Citizens of the City of Westminster and the lease term being 15 years from 28 February 2008 at a peppercorn ground rent. Restrictive Covenants The freehold and leasehold interests in the property are to be sold with the benefit of and subject to any restrictive covenants, easements and rights of way that appear on the Land Registry titles NGL4149 and NGL For further information on the title please refer to the dedicated project website Method of Sale The site is being marketed for sale on a private treaty basis. Offers are sought for the freehold and leasehold interest on a subject to contract only basis. The Vendor will consider either an asset sale or an all share transfer in the interest of the proprietary company, Jottima Holdings Ltd, which is a single asset SPV and owns a 100% interest in the property. Further Information A dedicated project website is available, which contains detailed information on this opportunity including the planning application documents at Vat The property has been elected for VAT, and therefore, VAT will be payable on the purchase price. Viewings All viewings are by appointment only through the joint Selling Agents.

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24 Contact Luke Hawkesbury +44 (0) Andrew Boyd +44 (0) Justin Gaze +44 (0) George Calvocoressi +44 (0) Important Notice Savills, Knight Frank and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: September 201