H A R L E Y S T R 2 3 T 1. Prime virtual freehold, mixed medical and residential property located on Harley Street

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1 H L Y Prime virtual freehold, mixed medical and residential property located on Harley treet

H L Y 2 3 2 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL

2 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC H L Y 2 3 PL CLICK LCIN D

H L Y 2 3 3 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC H PPUNIY > stunning mixed use property situated in the heart of the prestigious Harley treet

3 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC H PPUNIY > stunning mixed use property situated in the heart of the prestigious Harley treet Conservation rea and West nd. > n opportunity to acquire the virtual freehold of the whole property which consists of three residential units and medical accommodation, a garage and the reversionary long leasehold interest over 9 Wigmore Place to the rear. > 999 year long leasehold interest from 6 pril 1929 (912 years expired) at a peppercorn ground rent. > 9 Wigmore Place has been sub-let on a long leasehold of 199 years from 12 December 1990 (173 years unexpired) at a peppercorn rent. > he user clause states that the property is to be used and occupied as a private dwelling house only. wo Licenses have been granted by the superior Landlord over the first, second and third floors for medical use. > he accommodation extends to 11, 804 ft² gross internal area over basement, ground and four upper floors to also include a garage to the rear. here is a lift to all floors. > he basement and top floor apartments are let on assured shorthold tenancies and the first, second and third floors are let to medical occupiers, both of which are outside of the Landlord & enant ct > he ground floor rear apartment is vacant. We understand the basement occupier s has been terminated and they are due to vacate imminently. he top floor s expires on 16 May > Details of the leases are summarised later in this brochure and copies are contained in the data room. > ffers in excess of 10,000,000 are invited subject to contract. purchase at this level reflects 848 per sq ft (GI).

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Metropolitan, Hammersmith and City Lines) and egents Park (Bakerloo Line) located 0.5 miles to the north east.

3 miles to the outh and outhwest. here are also Mainline railway stations at Marylebone, Baker treet, uston and Kings Cross/ t Pancras International.

G Located within the City of Westminster and surrounded by the adjoining neighbourhoods of Mayfair, Fitzrovia & egents Park; Marylebone is one of

4 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC KING C PNC IUIN CLICK M UN QU GN PK M YL B N UN QU D WN W G PLND L L D N N H Y M U D N D C H L B N H WM N PL FIZVI N C M G IH ND V U Q C C PL M N I B N GM G WI GM Y XF D W GM L WI L C WI H U N M P QU V D GL L IL M GM L MYLBN WI C ND HF IH GDG IC ND V W C C L V N IH G PL Y MP W C H ND L WI HY N C L H V U H YM C L HI B N P L P V W H NC M QU V L HI D N G DIN PD DN G Y Z FI QU C D H N N B V M YL GN PK D here are several Underground stations nearby including Great Portland treet (District, Circle, Metropolitan, Hammersmith and City Lines) and egents Park (Bakerloo Line) located 0.5 miles to the north east. xford Circus (Central, Victoria and Piccadilly Lines) and Bond treet (Jubilee and Central Lines), both of which are approximately 0.3 miles to the outh and outhwest. here are also Mainline railway stations at Marylebone, Baker treet, uston and Kings Cross/ t Pancras International. London s new Crossrail service will open in 2017 and Heathrow will be within 30 minutes with direct access at Bond treet tation. G Located within the City of Westminster and surrounded by the adjoining neighbourhoods of Mayfair, Fitzrovia & egents Park; Marylebone is one of London s most sought-after boroughs. his area of London is characterised for its world renowned shopping, exclusive neighbourhoods, academic institutions and private healthcare specialists. WH M I? XFD CICU D U D XF D BND V N H U Q H XF G

H L Y 2 3 5 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC LCIN he property is located to

attracted many of the world s leading private healthcare clinics and hospitals.

cosmetic surgery; notable occupiers include he London Clinic, he Heart Hospital, he Harley treet Clinic and London Medical.

Christopher s Place, both of which have been revitalised into charming high streets filled with boutique shops and restaurants.

5 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC LCIN he property is located to the southern end of Harley treet towards the commercial district, just north of Cavendish quare and Wigmore treet and south of Queen nne treet and xford treet. It is situated in the heart of the Harley treet Conservation rea, which is internationally recognised for medical excellence and high value residential properties. It s longstanding reputation for exceptional private health treatment dates back to the 18th century and in recent years, has attracted many of the world s leading private healthcare clinics and hospitals. oday, there are as many as 1,500 medical practitioners around Harley treet providing medical services from cancer treatment to cosmetic surgery; notable occupiers include he London Clinic, he Heart Hospital, he Harley treet Clinic and London Medical. he surrounding area has been subject to dramatic improvements in recent years, including Marylebone Village & t. Christopher s Place, both of which have been revitalised into charming high streets filled with boutique shops and restaurants. here are plenty of shopping choices within short walking distance, whether it be in Marylebone, or the bustle of xford treet, egent treet or Bond treet. World renowned department stores such as elfridges and Liberty s are a short walk away to the south of the property. Hyde Park and egents Park also lie within a short distance from the property and provide an escape from busy central London.

H L Y 2 3 6 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC H PPY Built in the early 1890 s, this terraced town house is rich in detail and extends

It is a five storey property with substantial basement and rear garage, of Point treet Dutch style with exposed red brick elevations under a slate covered mansard roof.

6 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC H PPY Built in the early 1890 s, this terraced town house is rich in detail and extends significantly to the rear of the site. It is a five storey property with substantial basement and rear garage, of Point treet Dutch style with exposed red brick elevations under a slate covered mansard roof. he property incorporates a grand entrance which leads into a central shared hall off which there are a large waiting area, central staircase and a lift serving all floors. Gross Internal rea Lower Ground Floor Ground Floor First Floor econd Floor hird Floor Fourth Floor otal *Not including 9 Wigmore Place 3,281 q ft 2,941 q ft 1,994 q ft 1,387 q ft 1,203 q ft 998 q ft 11,804 sq ft

H L Y 2 3 7 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC IDNIL PMN o the ground floor is a five bedroom residential apartment which extends to the rear of the

7 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC IDNIL PMN o the ground floor is a five bedroom residential apartment which extends to the rear of the site and has a small first floor section. It provides a reception room, lobby, WC, kitchen, laundry room, shower room and study in addition to the 5 bedrooms. here is also private access to the central courtyard. he accommodation is fitted to a reasonable standard although requires modernisation and reconfiguration. he lower ground floor is accessed from a private entrance stairwell to the front but also has internal access to the ground floor. It is a one bedroom residential apartment, with kitchen/breakfast room, which has been fitted to a reasonable standard although requires modernisation. he current tenant has mobility issues and therefore nonslip flooring has been fitted throughout. o the rear of the lower ground floor there is a substantial undeveloped area which is finished to a shell and provides internal access to the garage. he forth floor consists of a one bedroom residential apartment finished to a good standard with reception room, kitchen and bathroom. It also has the benefit of a private balcony. It should be noted that 9 Wigmore Place has been let on a long leasehold of 199 years from 12 December 1990 and has not been shown on the attached floor plans.

H L Y 2 3 8 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC MDICL CCMMDIN he medical

here is a shared waiting room to the ground floor with this accomodation accessed via the central stairwell and lift.

and records room. he accommodation is fitted to a high standard typical of dental surgery suites.

hey have their own reception and waiting room to the second floor with laser suite, two consulting rooms, admin offices, patient

8 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC MDICL CCMMDIN he medical accommodation is arranged across first, second and third floors and is let to two tenants. here is a shared waiting room to the ground floor with this accomodation accessed via the central stairwell and lift. he first floor is let to Keith Cohen who operates a dental surgery with its own reception and a waiting room, three dental suites and records room. he accommodation is fitted to a high standard typical of dental surgery suites. he second and third floor are let to the London ye Diagnostic Centre. hey have their own reception and waiting room to the second floor with laser suite, two consulting rooms, admin offices, patient s WC and staff kitchen. o the third floor are three further consulting rooms, eye testing room, photograph suite, cleaner s store, staff tea point and staff WC. he property has 11 icences for medical practitioners. Nine are being presently utilised by the current medical tenants.

9 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC IDNIL MK CMMNY Prime London markets are still adjusting to tax changes. Prices of prime London residential properties fell marginally in the first quarter of he only submarket to show positive annual price growth in Q is Marylebone at 1.7%, reflecting a longer term change in perception among prime buyers, demonstrated by the 25.1% five year price growth and 118.9% over the last ten years in the area. Marylebone is a sought after residential address and appealing to both UK and international purchasers due to its locational convenience and proximity to extensive and high quality amenities in London s West nd. We have set out below a broad overview of recent transactions located in the area of residential properties: MDICL MK CMMNY We have seen market attraction for D1 and office space in central London improve within the last 24 months from private medical operators and occupiers looking to relocate or obtain a platform into the market. versees private medical companies are seeking to enter London to set up subsidiary offices whilst maintaining their existing client base. here has also been increased activity in the market from private high net worth individuals and other investors seeking long term income, whilst maintaining high underlying value. here has also been high liquidity in the market due to oversees investors entering and low interest rates, which has in turn increased competition. he lack of stock of quality investments in the marketplace has been driving yields downwards over the past 18 months. he following gives a broad overview of recent transactions located in a similar area to the Property: ddress rea (ft²) enure Price Cap Value ( /ft²) Date ddress rea (ft²) enure Price Cap Value ( /ft²) Date 16 Devonshire Place 9,383 Freehold 9.250m 989 Jan Harley treet 8,440 Freehold 13.0m 1,540 Jan-15 5 panish Place 3,464 Freehold 6.150m 1,775 Mar Upper Wimpole treet 1,713 LH-999 years 1.90m 1,109 ug Wimpole treet 3,971 Freehold 9.0m 2,266 Mar Wimpole treet 3,360 LH-95 years 3.650m 1,086 Mar-16

10 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC NU he head lease is from Howard de Walden states Limited commencing on 6 pril 1929 for 999 years (c.912 years unexpired) at a fixed rent of 100 per annum. he user clause under the Lease states the property shall be used and occupied as and for a private dwelling house only. wo licences have been granted by the superior Landlord over the first, second and third floors for medical use. 9 Wigmore Place has been sub-let on a long leasehold of 199 years from 12 December he ground floor rear apartment is vacant. We understand the basement occupier s has been terminated and they are due to vacate imminently. he top floor s expires on 16 May 2016 but notice has yet to be served. Copies of the long leasehold title, two commercial leases and assured shorthold tenancy are available in the data room. Further, there is a copy of the long leasehold sub lease granted over 9 Wigmore Place. Commercial lease 1- First Floor enant Demise erm ent ent eview epairs Insurance User lienation utside the ct ther Covenants Keith Cohen First floor 6 yrs from 12 January 2014 (3.75 unexpired) From 12 January 2014 until 10 January ,000 per annum. From 12 January 2016 to 11 January ,000 per annum. emainder of term will be determined by rent review provision. ent shall be reviewed on the 12 January 2017 to open market rent. enant to keep the internal parts of the demised premises in good and substantial repair and condition. Landlord to keep the external parts, common parts and structure in good substantial repair and condition. Payable by the landlord. o use the demised premises only for the purpose of carrying on the profession of a medical and/or dental practitioner within the terms of the licence granted by the superior landlord. Not to assign the whole premises without prior written consent from the landlord which may not be unreasonably withheld or delayed, subject to conditions including an G. utside of the ct he Landlord is responsible for providing a receptionist. Commercial lease 2- econd & hird Floor Drs Heath, Viswanathan and Poinoosawmy econd and third floor 6 years from 24 June 2012 (2 years unexpired) From 24 June 2012 until 23 June ,000 per annum. he 2015 rent review is currently outstanding. ent review shall be reviewed on the 24 June 2015 to open market rent. enant to keep the internal parts of the demised premises in good and substantial repair and condition. Landlord to keep the external parts, common parts and structure in good substantial repair and condition. Payable by the landlord. o use the demised premises only for the purpose of carrying on the profession of a medical and/or dental practitioner within the terms of the licence granted by the superior landlord. Not to assign the whole premises without prior written consent from the landlord which may not be unreasonably withheld or delayed, subject to conditions including an G. utside of the ct he Landlord is responsible for providing a receptionist.

11 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC PPX. G INNL 11,804 Q F FUH FL GUND FL FI FL CND FL HID FL LW GUND FL * full detailed measured floor plans are available on the data room. * 9 Wigmore Place is not included on these floor plans

H L Y 2 3 1 2 H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC FUH INFMIN Please visit our website data room for more information and copies of all of the

12 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC FUH INFMIN Please visit our website data room for more information and copies of all of the documentation relating to the sale: Planning Individual applicants are to make their own planning enquiries. he property lies within the Harley treet Conversation rea but is not listed. axation he collective rateable value of the medical accommodation across first, second and third floors equates to 140,000. he Council tax bands for the residential element are G and F. ervices Mains water, electricity, gas and drainage are connected. here is gas fired central heating and a lift serving all floors. nergy Performance Certificate PC rating D. Inspection ll viewing appointments must be arranged via the Vendor s sole selling agents, avills. Method of sale he head lease interest is to be sold as a whole by private treaty. We are seeking offers in excess of 10.0 million. he vendor reserves the right to not accept the highest, or any, offer submitted. Bidding process he bid should be submitted by noon on the 5th of July 2016, to lex Crawley at avills, 33 Margaret treet, London, W1G 0JD. hort listed parties will be asked to confirm their offer after a final round of bids and an additional viewing if necessary.

13 H L Y H PPUNIY IUIN LCIN H PPY IDNIL PMN MDICL CCMMDIN MK CMMNY NU FL PLN FUH INFMIN CNC CNC DIL lex Crawley Bc (Hons) MIC +44 (0) (0) agcrawley@savills.com Colin ees mith Bc (Hons) MIC +44 (0) (0) crsmith@savills.com 33 Margaret treet London W1G 0JD Important Notice avills, their clients and any joint agents give notice that: 1. hey 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. hey assume no responsibility for any statement that may be made in these particulars. hese particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. ny areas, measurements or distances are approximate. he 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 avills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by avills Marketing: May 2016

CHANDOS STREET LONDON W1. Prime West End Freehold for sale for Office or Residential use

CHANDOS STREET LONDON W1. Prime West End Freehold for sale for Office or Residential use 3 CHANDOS STREET LONDON W1 Prime West End Freehold for sale for Office or Residential use THE OPPORTUNITY Prime Marylebone freehold Grade II listed period building comprising a NIA of 4,088 sq ft (379.8