Rose Street. Covent Garden London WC2. Freehold Investment

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Maria Sanders
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1 24-25 ose Street ondon WC2 Freehold Investment

Investment Summary Freehold retail and residential property etail GI 720 sq ft; esidential S 1,452 sq ft; otal 2,172 sq ft etail let to Bageriet td until 24/3/2018 & e

initial yield 3.25% after purchase costs of 6.

2 Investment Summary Freehold retail and residential property etail GI 720 sq ft; esidential S 1,452 sq ft; otal 2,172 sq ft etail let to Bageriet td until 24/3/2018 & e Jeune td until 28/9/2020 esidential upper floors let on ssured Shorthold enancies Gross income of 138,570 pa: etail 60,000 pa, esidential 78,570 pa Price 4,000,000, initial yield 3.25% after purchase costs of 6.54%, subject to contract o 24 ose Street Investment ationale Core location Strong rental growth potential etail units (43% of income) let to two consistently well reviewed operators nhanced liquidity with ability to sell off apartments Potential to extend onto the roof terrace (P) o 25 ose Street

ocation ose Street is home to two famous occupiers, Stanfords, stockists of the world s largest range of maps, and the renowned

ose Street is centrally located in with Shaftesbury s Seven Dials shopping district to the north of ong cre, St artin s

is one of Central ondon s most popular and diverse submarkets, providing a vibrant mix of shopping, entertainment and

Shaftesbury and Capco s proactive management of their states has developed into the success it is today and they will continue

and eicester Square Underground Stations (Piccadilly and orthern ines) are within 200 metres of the building, with Charing

D JU D FI ICH G D O U G Y GI W U Q G W W O C COV GD O G KI COV GD SS U 10 S I H ID D S H SVOY JO H D K Victoria mbankment B FG

CICUS 1 CH IG C O P U IS S 7 F W O SH S O Golden Square 2 J SH W B C K WI D CO O P D O OOU H S B K ondon WC2 D SS CO I H F D U

3 ocation ose Street is home to two famous occupiers, Stanfords, stockists of the world s largest range of maps, and the renowned amb & Flag public house. ose Street is centrally located in with Shaftesbury s Seven Dials shopping district to the north of ong cre, St artin s Courtyard, a 112,000 sq ft retail and restaurant development 50 metres from the property, and Capco s state to the south. is one of Central ondon s most popular and diverse submarkets, providing a vibrant mix of shopping, entertainment and restaurants, attracting over 42 million visitors a year, as well as being a key living and working environment. Shaftesbury and Capco s proactive management of their states has developed into the success it is today and they will continue to drive rental growth above the ondon average. and eicester Square Underground Stations (Piccadilly and orthern ines) are within 200 metres of the building, with Charing Cross and ottenham Court oad Stations within 600 metres (Crossrail, Central, Bakerloo & orthern ines and ational ail). D JU D FI ICH G D O U G Y GI W U Q G W W O C COV GD O G KI COV GD SS U 10 S I H ID D S H SVOY JO H D K Victoria mbankment B FG SQU F Y O G V 9 Y W GS KI D U G O D W BO Y H G C PIC SS G Y I D G ICK C G O 8 eicester Square I S IC SQU I S PICCDIY CICUS 1 CH IG C O P U IS S 7 F W O SH S O Golden Square 2 J SH W B C K WI D CO O P D O OOU H S B K ondon WC2 D SS CO I H F D U DO W ose Street IG C H G HS HOBO O G Soho Square UG P D OXFO O XFOD W O SS U G OH COU OD O B B U SB O P OO B WIG D H I U G O U CO D FI ICH G G O 6. Piazza 7. Chinatown 8. eicester Square 9. rafalgar Square 10. Opera Quarter I ISH SB U Y D CV H D P W O PO 1. St artin s Courtyard 2. Seven Dials 3. Kings Court 4. Carriage Hall 5. P Floral Street K

Situation he building is located on the western side of the northern end of ose Street, a pedestrianised street that connects ong cre with Floral Street and Garrick

ong cre is s main thoroughfare and primary retail street, Garrick Street is the western gateway towards Piazza and Floral Street is a fashion led street currently

4 Situation he building is located on the western side of the northern end of ose Street, a pedestrianised street that connects ong cre with Floral Street and Garrick Street. ong cre is s main thoroughfare and primary retail street, Garrick Street is the western gateway towards Piazza and Floral Street is a fashion led street currently undergoing a major rejuvenation. wo major developments are completing in 2017 on Floral Street: 1. Kings Court: 2. Carriage Hall: 8 etail units & 2 estaurants around a public courtyard, a new walkway from Floral Street to King Street & 50 uxury partments. new 15,000 sq ft flagship etail Store & 5,500 sq ft Office ose Street ondon WC2

he Property n attractive period building with two retail units on the ground

duplex apartment on the third and fourth floors, which benefits from a large

FOO (GI & S) etail Sq ft Sq m 24 ose Street Ground (ll Zone ) 163 15.

5 he Property n attractive period building with two retail units on the ground and basement floors and three apartments on the four upper floors accessed from a separate entrance. here is a 1-bed apartment on each of the first and second floors and a 2-bed duplex apartment on the third and fourth floors, which benefits from a large roof terrace. FOO (GI & S) etail Sq ft Sq m 24 ose Street Ground (ll Zone ) Basement ose Street Ground (ll Zone ) Basement otal esidential 1st nd rd & 4th otal 1, Overall 2, First Floor First Floor

6 FOO PS I UI I UI GOUD FOO BS O BDOO P WO BDOO P 1 FOO 2D FOO DUPX P C 3D FOO 4H FOO DUPX P etail esidential Plans not to scale

etail 60,000pa 1st n individual 06/01/17 05/01/20 2nd n individual 28/06/16 27/06/19 3rd & 4th n individual 11/02/16 10/02/19 esidential otal Income 06/01/18 21,320pa 53.57psf 28/06/17 22,100pa 54.

7 enancy FOO / D VIW COS 24 ose St Ground & Basement Bageriet td 27/02/13 24/03/18 n/a 25,000pa 146psf Zone Outside the ct. ent deposit of 7,500 held. 25 ose St Ground & Basement e Jeune td 13/10/15 28/09/20 n/a 35,000pa 192psf Zone Outside the ct. ent deposit of 21,000 held. etail 60,000pa 1st n individual 06/01/17 05/01/20 2nd n individual 28/06/16 27/06/19 3rd & 4th n individual 11/02/16 10/02/19 esidential otal Income 06/01/18 21,320pa 53.57psf 28/06/17 22,100pa 54.03psf 11/02/18 35,150pa 54.50psf 78,570pa 138,570pa nnual reviews to the greater of PI or 4%. utual rolling break on 2 months notice. Deposits held. enant Information e Jeune Chocolatiers handmake luxury chocolates on site. s well as trading from the shop, the company also cater for corporate functions. Set up by ex bankers/husband and wife team Ivan and Harike e Jeune, the shop opened in 2015 selling a full range of Swiss-style chocolates. For further information: FCBOOK IG 5.0 IPDVISO IG 5.0 GOOG IG 4.9 Bageriet is a Swedish bakery that was founded in 2013 by bakers Daniel Karlsson and Sven- Gunnar ppelgren. he shop serves a range of fresh produce including bread, pastries and cakes. For further information: FCBOOK IG 4.8 IPDVISO IG 4.5 GOOG IG 4.8 IOU IG 4.9

his strong rental growth is expected to translate onto ose Street as Kings Court and the western end of Floral Street become more established over the forthcoming years.

8 etail ental Values ental levels on Floral Street have been held back by the street s lack of investment. he marketing of the two schemes and Floral Street completing in 2017 is attracting interest at significantly higher levels than ever seen before. his strong rental growth is expected to translate onto ose Street as Kings Court and the western end of Floral Street become more established over the forthcoming years. letting at the adjoining 23 ose Street in Q has shown a marginal increase in rental value with an artificial florist paying 35,000pa plus a 10,000 premium with no rent free. esidential Values is one of ondon s core residential markets. It attracts pied-a-terre owners, actors, students and both UK and overseas corporate tenants. he sales market has remained resilient for apartments below 1,000,000 where the stamp duty changes have had less of an effect. his is evidenced by the third floor of 43 Shelton Street selling for 940,000, reflecting 1,782psf, for a 522 sq ft, 1-bed flat which benefits from two terraces and a modern specification. ote that Stamp Duty is calculated on a commercial basis for the sale of this property. D U POPY PIC/IY COS xchanged FH 9 11 angley Court, pril 17 FH 37 Floral Street, Dec 2016 FH 9 rgyll Street, Soho 6.80m/2.29% (stimated) 5.55m/2.53% Single let retail building etail (67%) below offices 21.25m/2.81% ack rented retail (52%) below multi let offices Dec 2016 FH ellie Dean, 89 Dean Street, Soho ov 2016 FH 36 ong cre, 4.95m/2.93% 10.60m/2.97% Single let public house for 28 years ulti let retail and office Floral Street ong cre

Planning he property falls within the City of Westminster s Conservation rea. he building is not listed. V he building is elected for V and it is proposed the sale will be structured as a OGC.

9 Planning he property falls within the City of Westminster s Conservation rea. he building is not listed. V he building is elected for V and it is proposed the sale will be structured as a OGC. PC he retail element of o 24 has an PC rating of F (126), o 25 tbc and the apartments C to D (68-78). Copies of the certificates are available at enure Freehold. OG C 12 to OS a Proposal We are seeking offers in excess of 4,000,000 (Four illion Pounds) exclusive of V and subject to contract. purchase at this level would reflect a Initial Yield of 3.25% assuming purchasers costs of 6.54%. Further information: o arrange a viewing, please contact: Paul owntree pr@kinglypartners.com ick Fisher nf@kinglypartners.com OIC: essrs Kingly Partners for themselves and for the vendors of this property, whose agents they are, give notice that: i) hese particulars are only for the guidance of prospective purchasers and do not form part of any offer or contract. (ii) Whilst the information contained herein is issued in good faith, neither the firm nor its clients guarantee its accuracy and it is not to be relied upon as statements or representation of fact. (iii) ny intending purchasers must satisfy themselves as to the correctness of each of the statements made herein. (iv) he vendor does not make or give, and neither the firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property. (v) othing in these particulars constitutes a statement that the property and/or any services or facilities are in good condition or working order. (vi) hese particulars were completed in June (vii) Kingly Partners will not be liable, in negligence or otherwise, for any loss deriving from these particulars. June 2017 Designed and produced by Oracle Creative

MIXED USE INVESTMENT

SHEPHERD MARKET 1 MAYFAIR, LONDON W1 MIXED USE INVESTMENT 2 SHEPHERD MARKET INVESTMENT SUMMARY An extremely rare Shepherd Market Investment Opportunity Thriving flagship restaurant unit with self-contained