l EXECUTIVE SUMMARY In more detail, the opportunity provides;

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2 l EXECUTIVE SUMMARY Cambridge House provides a fantastic opportunity to create a high quality new build residential scheme above a commercial use unit on the ground and basement floors; or an office refurbishment. In more detail, the opportunity provides; - A site totalling 0.08 acres/ hectares - An existing building of 12,289 sq ft (1,141.7 sq m) NIA on basement, ground and 3 upper floors - Full planning permission for redevelopment to provide 16 private apartments on 1st-6th floors totalling 12,962 sq ft (1,204 sq m) NSA in addition to 3,434 sq ft (319.0 sq m) NIA of commercial use on ground and basement floors - Potential for a high quality office refurbishment or new office building (STPP) - Freehold CGI OF PROPOSED SCHEME LOOKING WEST ALONG EUSTON ROAD Offers are sought in excess of 15,500,000 (Fifteen Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest with the benefit of vacant possession reflecting a low capital value of 945 per sq ft on the consented area.

3 BRITISH MUSEUM TOTTENHAM COURT ROAD BT TOWER OXFORD CIRCUS FITZROY PLACE LANGHAM HOTEL BBC WARREN STREET FITZROY SQUARE WARREN STREET REGENT S QUARTER GREAT PORTLAND STREET PORTLAND PLACE REGENT S PARK PARK CRESCENT

4 15 13 l LOCATION CAMBRIDGE HOUSE WARREN STREET LONDON W1 Cambridge House is located in the north of Fitzrovia and the property occupies a prominent end of terrace position on the north side of Warren Street with its western elevation facing Cleveland Street. The property benefits from a ground floor access on Euston Road and a secondary access onto Warren Street. Fitzrovia s vibrant and stylish character has established itself as one of London s most exceptional districts. It has evolved to become one of the West End s go-to areas for bespoke retailers, restaurants and hotels and is fast becoming the location of choice for fashion, media and advertising occupiers. Fitzrovia is bordered by Soho to the south, Marylebone Village to the west, Bloomsbury to the east and Regent s Park to the north. LONDON ZOO REGENT S PARK HAMPSTEAD ROAD OPEN AIR THEATRE EUSTON CR EUSTON ROAD Ward Bdy 61 EUSTON SQUARE 28.7m (PH) Und BAKER STREET MARYLEBONE RD UNIVERSITY OF WESTMINSTER MADAME TUSSAUDS REGENT S PARK GT PORTLAND ST GREAT PORTLAND ST EUSTON RD CONWAY ST WARREN ST FITZROY SQ CLEVELAND STREET GRAFTON WAY WARREN STREET UNIVERSITY COLLEGE HOSITAL 161 to 171 CLEVELAND STREET Howard House TOTTENHAM COURT ROAD BAKER STREET CHILTERN STREET PORTLAND PLACE PORTLAND PLACE BOLSOVER ST GREAT TICHFIELD ST BT TOWER 1 to 29 CR GOODGE STREET m 153 to Fitzrovia Apartments WARREN M 12 1 to 9 Whitson Court 1 to 5 Royal Flower Court 8 Bo

5 l SITUATION With recent nearby developments such as British Land s Regent s Place providing around 2 million sq ft of mixed use accommodation, Fitzrovia is attracting significant office occupiers including Aegis Group Plc, Gazprom, Ricoh, Facebook and Santander. More recent schemes are tending to be more mixed use in nature and include Exemplar & Aviva Investor s Fitzroy Place which will deliver 235 private residential apartments and approximately 220,000 sq ft of office accommodation, the majority of which has been let to Estee Lauder Company. The immediate vicinity to the property along Euston Road has been subject to recent road improvement works including the provision of new public space meaning that Cambridge House is therefore excellently positioned to benefit from both local and wider regeneration. l COMMUNICATIONS Communications to Cambridge House are excellent, with four underground stations all within easy walking distance: Great Portland Street (Circle, Hammersmith, City and Metropolitan lines) Warren Street (Victoria and Northern lines) Euston Square (Hammersmith and City, Circle and Metropolitan lines) Regent s Park (Bakerloo line) Euston, Marylebone, Paddington, Kings Cross & St. Pancras mainline stations are all within a short distance providing both international services to mainland Europe and national services to major UK cities. l CROSSRAIL The property benefits from being just 0.8 miles north-west of Tottenham Court Road Crossrail station. Due for completion in 2018, Crossrail will provide a new high speed train service providing thousands of commuters quick access into and across London. Tottenham Court Road Crossrail station will link with the existing underground station and will provide a new ticket hall, anticipated to be six times larger with footfall forecasts set to more than double. The surrounding area is under going a major regeneration project at the eastern end of Oxford Street, including a new public piazza outside Rathbone Place, Tottenham Court Road and Fitzroy Place. Stratford Hayes & Harlington Hanwell Ealing Broadway Bond Street Farringdon Whitechapel Southall West Ealing Acton Paddington Tottenham Court Road Moorgate/ Liverpool Street Heathrow Airport Canary Wharf TOTTENHAM COURT ROAD STATION

6 CLEVELAND STREET EUSTON ROAD l EXISTING BUILDING l DESCRIPTION The existing office specification includes: Open plan floors Comfort cooling Combination of metal tile and mineral fibre suspended ceilings. Perimeter and under floor trunking. WC facilities on all three upper floors (shower facility on 1st floor). Five person passenger lift serving all floors. Dedicated ground floor reception. Secondary glazing in part. l ACCOMMODATION SCHEDULE FLOOR SQ FT SQ M Third 2, Second 2, First 2, Ground 2, Basement 2, TOTAL 12,289 1,141.6 l TENURE Freehold. l TENANCY N Vacant possession. TYPICAL UPPER FLOOR WARREN STREET

7 l PLANNING CAMBRIDGE HOUSE WARREN STREET LONDON W1 The property is located in the London Borough of Camden, is not listed and is not in a conservation area. Planning consent was granted by Camden Council in August 2014 (2014/0603/P) for the comprehensive redevelopment of the existing property to provide:- Change of use of existing building currently comprising part office use [Class B1a] and part car showroom [sui generis] to provide flexible commercial floor space at ground and basement floors [use class B1], and 16 private residential units on the upper floors [use class C3], including roof extension to create 4th, 5th and 6th floors and re-cladding of the building. The permission is subject to a Section 106 Legal Agreement, under which the following payments are due; Affordable Housing Contribution 1,075,900 Community Facilities Contribution 28,420 Education Contribution 34,457 Open Space Contribution 20,981 Construction and Training 1,500 Total 1,161,258 In addition, the Mayoral CIL is anticipated at 140,354. CGI OF PROPOSED SCHEME LOOKING NORTH TOWARDS CORNER OF CLEVELAND STREET AND WARREN STREET

8 CONSENTED SCHEME AREAS Accessed via a new and dedicated entrance on Warren Street W1, the residential accommodation will provide 16 private apartments arranged over the 1st-6th floors with a total net saleable area of 12,960 sq ft along with a ground and basement commercial unit with a net internal area of 3,434 sq ft. The consented scheme provides 6 x one bedrooms; 6 x two bedrooms, 2 x three bedrooms, 1 x two bedroom duplex and 1 x three bedroom duplex, along with a (B1) ground and basement commercial unit. RESIDENTIAL NSA GIA UNIT FLOOR BEDS AREA (SQ FT) AREA (SQ M) AREA (SQ FT) AREA (SQ M) th & 6th 3 bed duplex 1, th & 6th 2 bed duplex 1, , th 2bed th 2 bed th 3 bed , rd 2 bed rd 2 bed rd 3 bed , nd 2 bed nd 1 bed nd 1 bed nd 1 bed , st 2 bed st 1 bed st 1 bed st 1 bed , SUB TOTAL 12,960 1,204 16,049 1,491 CLEVELAND STREET EUSTON ROAD N COMMERCIAL NIA GIA UNIT FLOOR USE CLASS AREA (SQ FT) AREA (SQ M) AREA (SQ FT) AREA (SQ M) 1 Ground Commercial (B1) 1, , Basement Commercial (B1) 1, , SUB TOTAL 3, , TOTAL 16,394 1,523 19,827 1,842 TYPICAL UPPER FLOOR WARREN STREET

9 RESIDENTIAL COMMENTARY Fitzrovia has become one of Central London s most desirable residential neighbourhoods with huge interest from both domestic and overseas buyers. Cambridge House is ideally placed to benefit from this demand as the bordering Cleveland Street, Warren Street and Fitzroy Square are experiencing a significant increase in residential presence. Fitzrovia remains a key market for both overseas and domestic investment, which will be strengthened further by the opening of Tottenham Court Road s Crossrail station in Prime schemes in Fitzrovia such as Park Crescent East (Amazon Property), Fitzrovia Apartments (Ridgeford), Fitzroy Place (Exemplar/Aviva), Foley Street (Dukelease) will all offer prime residential units with typical apartments commanding mid 2,000 per sq ft and penthouses over 3,000 per sq ft. Average five year forecasts for the Prime Central London residential market suggest growth around 22.7% to It is further estimated that there will be an even greater increase in property values around the key Crossrail Stations, with Tottenham Court Road Station surrounding areas to experience 43% price growth between Neighbouring Marylebone has seen a similar rise in profile as a prime residential district, with the highest value schemes having achieved prices of over 4,000 per sq ft. Together, Fitzrovia and Marylebone are becoming the key contenders to the traditional super prime neighbourhoods of Chelsea and Knightsbridge where pricing is still significantly higher. CGI OF PROPOSED SCHEME LOOKING SOUTH FROM EUSTON ROAD

10 l FURTHER INFORMATION A detailed pack of information is available upon request, including; A copy of the resolution to grant planning permission S106 agreement All plans, elevations and supporting planning documents Schedule of areas Title information EPC Certificate l VAT The property has been elected for VAT purposes and will be payable on the purchase price. l EPC The existing property has an Energy Performance Certificates with ratings of B47 (Ground & Basement) and D96 (1st-3rd Floors). l PROPOSAL Offers are sought in excess of 15,500,000 (Fifteen Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest with the benefit of vacant possession reflecting a low capital value of 945 per sq ft on the consented area. l CONTACT For further information or to arrange an inspection please contact: Jonathan Evans jonathan.evans@colliers.com Robert Johnston robert.johnston@colliers.com Matt Sharman matt.sharman@levyllp.co.uk Henry Leighton henry.leighton@levyllp.co.uk MISREPRESENTATION ACT 1997 Levy Real Estate LLP and Colliers International for themselves and for the Vendors or lessors of this property, whose agents they are, hereby give notice that: All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. These particulars are produced in good faith and set out a general guide only and do not constitute part of any offer or contract. No person in the employment of Levy Real Estate LLP or Colliers International has any authority to make or give representation or warranty in relation to this property. All prices and rents are quoted exclusive of VAT unless otherwise stated. February Designed and produced by Cooper Rose