54 & GREAT MARLBOROUGH STREET LONDON W1 PRIME FREEHOLD DEVELOPMENT OPPORTUNITY IN THE HEART OF SOHO

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1 54 & GREAT MARLBOROUGH STREET LONDON W1 PRIME FREEHOLD DEVELOPMENT OPPORTUNITY IN THE HEART OF SOHO

JLL Hotels & Hospitality Group and Michael Elliott have been jointly mandated to offer for sale 54 & 55-57 Great Marlborough Street, a coveted development opportunity in London s creative epi-centre

2 JLL Hotels & Hospitality Group and Michael Elliott have been jointly mandated to offer for sale 54 & Great Marlborough Street, a coveted development opportunity in London s creative epi-centre free of all encumbrances and with the benefit of the freehold interest. An exceptional opportunity to acquire a landmark development site within Central London s celebrated neighbourhood of Soho Rare opportunity to reposition, redevelop or refurbish the existing buildings to suit a number of uses A first choice flagship lifestyle hotel location with door-step access to the energy of its vibrant surrounds and the footfall of the world s most visited destination The proposed hotel scheme envisages 102 design conscious guestrooms over 7 floors with a dynamic Food & Beverage offering sweeping across the ground and lower ground floors Full planning permission in place to create a new build behind a retained façade residential led mixed-use scheme Further ability to redevelop the existing buildings to create a Grade A headquarters office building Excellent transport links 6 key underground stations within a mile 2 upcoming Crossrail ticket halls within 0.3 miles Offers are invited for the freehold interest Rare opportunity to reposition, redevelop or refurbish to suit a number of uses 2

3 GREEN PARK GROSVENOR SQUARE GREEN PARK BERKELEY SQUARE BOND STREET PICCADILLY BOND STREET REGENT STREET HANOVER SQUARE OXFORD STREET GOLDEN SQUARE CARNABY STREET GREAT MARLBOROUGH STREET OXFORD CIRCUS BROADWICK STREET POLAND STREET

49 to 50 POLAND STREET 48 Poland Street 47 55 to 57 54 GREAT MARLBOROUGH STREET Great Marlborough Street Prominent 29 metre frontage to Great Marlborough Street Freehold Not to

4 49 to 50 POLAND STREET 48 Poland Street to GREAT MARLBOROUGH STREET Great Marlborough Street Prominent 29 metre frontage to Great Marlborough Street Freehold Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved. 4

IN THE HEART OF SOHO Soho lies in the heart of London s world famous West End and is the centre of the capitals

Renowned as London s coolest address, the neighbourhood is home to prominent media firms and creative agencies, thriving

This prime central London location is serviced by a number of transport links with direct access to major airlift and

2015 and the anticipated arrival of Crossrail (Elizabeth Line) at nearby Tottenham Court Road will spur growth even

The local area has deep-rooted ties to the creative space, particularly in music and film and as a result boasts a

5 IN THE HEART OF SOHO Soho lies in the heart of London s world famous West End and is the centre of the capitals burgeoning creative hub. Renowned as London s coolest address, the neighbourhood is home to prominent media firms and creative agencies, thriving bars and restaurants, and an extensive retail offering. This prime central London location is serviced by a number of transport links with direct access to major airlift and rail hubs, Oxford Circus and Piccadilly Circus Underground stations alone saw over 135 million passenger movements in 2015 and the anticipated arrival of Crossrail (Elizabeth Line) at nearby Tottenham Court Road will spur growth even further. The local area has deep-rooted ties to the creative space, particularly in music and film and as a result boasts a strong TMT occupier presence with groups such as Sony, Twitter, Warner Music Group and Apple situated in the immediate vicinity. Soho s retailing provisions are unparalleled offering an eclectic mix of boutiques centred around Carnaby Street to complement the existing world class offerings on Oxford Street and Regent Street driving demand and footfall from a balance of domestic and international source markets. 5

6 6 CANARY WHARF 12 MIN WHITECHAPEL 8 MIN FARRINGDON 3 MIN BOND STREET 2 MIN HEATHROW 30 MIN STRATFORD 14 MIN LIVERPOOL STREET 5 MIN TOTTENHAM COURT ROAD PADDINGTON 5 MIN 54 & GREAT MARLBOROUGH STREET CONNECTIVITY 6 key underground stations and 2 Crossrail (Elizabeth Line) stations within a mile.

7 EXISTING BUILDINGS 54 GREAT MARLBOROUGH STREET Constructed in the 1950 s the property comprises an office and showroom building arranged over basement, ground and six upper floors. The building is of concrete framed construction with a brick façade, media style crittal windows and rendered panelling beneath a flat asphalt roof. Slab to Slab Ground 4.18m First 3.08m Sixth 2.87m Tenure Freehold Tenancy Vacant possession Rating The property has been de-listed and rates do not apply 55/57 GREAT MARLBOROUGH STREET Constructed in the 1920 s, the property is of masonry construction with a Portland stone and brick facade, media style crittal windows and an asphalt flat roof. Arranged over basement, ground and five upper floors the property provides flexible floor plates ideal for the media and creative industries. Prior to being stripped back to shell condition the upper floors were used as B1 offices with ground and basement floors comprising a self-contained retail unit with prominent frontage to Great Marlborough Street. Slab to Slab Ground 3.70m First 3.27m Sixth 2.69m Tenure Freehold Tenancy Vacant possession Rating The property has been de-listed and rates do not apply 7

8 EXISTING GIA BUILDING FLOOR USE SUI GENERIS B1 (OFFICE) SQ M SQ FT SQ M SQ FT 54 Great Marlborough Street 7th th ,180 5th ,264 4th ,264 3rd ,264 2nd ,264 1st ,295 Ground , Lower Ground , ,300 Sub Total , , Great Marlborough Street 6th th ,813 4th ,891 3rd ,873 2nd ,489 1st ,522 Ground , Lower Ground , Sub Total ,666 2, ,550 Total 1, ,093 2, ,056 8

PROPOSED LIFESTYLE HOTEL SCHEME Planning consent was recently granted for additional massing across both buildings, including two additional floors.

F&B offer and provide high levels of light to the hotel rooms.

9 PROPOSED LIFESTYLE HOTEL SCHEME Planning consent was recently granted for additional massing across both buildings, including two additional floors. Working within the consented height, and also benefitting from an additional basement area, set out below is a proposed Aukett Swanke designed lifestyle hotel scheme, enhancing the gross internal area to create a 102 guestroom hotel. The proposal assumes demolition of the existing buildings and the creation of a new build hotel, which would be arranged over ten floors, featuring a courtyard to the rear which acts to enhance the F&B offer and provide high levels of light to the hotel rooms. The scheme assumes an international standard hotel operator that can deliver a guestroom product of the highest quality and a compelling and dramatic Food & Beverage space with world renowned kitchen that will compete with and look to outperform independent operators in the area. Guestrooms are set out over floors 1 7 providing external aspects over Great Marlborough Street or the rear courtyard and benefiting from wide reaching views across London. The Food & Beverage will be arranged over ground and lower ground floors in a collection of private spaces leading towards an inner courtyard with additional seating. The principle of creating a hotel is supported by WCC planning policies. A planning note from Turley s along with the Aukett Swanke feasibility study is available upon request. Summary of Proposed Scheme Gross Internal Area* (sq m / sq ft) 5,882 / 63,315 Guestrooms 102 Average Room Size (sq m / sq ft) 25 / 269 F&B / Front of House (sq m / sq ft) 786 / 8,457 Revenue Generating Covers 366 9

10 PROPOSED LIFESTYLE HOTEL SCHEME The scheme embraces the grit & glamour of its Soho location using an austere massing clad in dark ceramics or stone, with window openings picked out in a bright metal which frames both the views out of the hotel and the views into the building s busy public areas. The metal will subtly reflect both daylight and the city s night lights making sure the hotel is visible on the east and west approaches. Level Hotel Rooms/ Public Areas Hotel Rooms M 2 NIA F&B M 2 GIA Total Kitchen/BoH NIA M 2 BoH / Circulation M M 2 2 Escape M 2 Plant M 2 Substation M 2 Total GIA M 2 Net:Gross Efficiency B Plant % LG F&B % G F&B % % % % % % % % Total 102 2, ,634 1, ,882 62% Other M 2 10

11 54 & GREAT MARLBOROUGH STREET PROPOSED LIFESTYLE HOTEL SCHEME LOWER GROUND FLOOR G R E AT M A R L B O R O U G H S T R E E T Lower Ground Floor: FoH / F&B BoH (including Substation) COURTYARD 365 sq m 231 sq m 73 sq m Covers: RESTAURANT BAR COURTYARD

12 54 & GREAT MARLBOROUGH STREET PROPOSED LIFESTYLE HOTEL SCHEME GROUND FLOOR G R E AT M A R L B O R O U G H S T R E E T Ground Floor: FoH / F&B BoH / ESCAPE COURTYARD 421 sq m 65 sq m 73 sq m Covers: F7B / RECEPTION AREA STAIRCASE SEATING TEQUILA BAR LIBRARY & WORK ZONE

13 PROPOSED LIFESTYLE HOTEL SCHEME TYPICAL FLOOR (4TH - 6TH) GREAT MARLBOROUGH STREET Typical Floor (4th - 6th: Typical Room Size sq m BoH / Circulation 137 sq m No of Keys 15 13

PROPOSED OFFICE + RETAIL SCHEME Opportunity exists to create a new Grade A mixed-use building via either refurbishment of the existing or redevelopment of the whole (STPP).

14 PROPOSED OFFICE + RETAIL SCHEME Opportunity exists to create a new Grade A mixed-use building via either refurbishment of the existing or redevelopment of the whole (STPP). A potential new building could comprise a mix of A1 / A3 uses at basement and ground floors with new Grade A offices above. The offices would suit owner occupiers wanting a Soho HQ building or could be leased to capture the growing occupational growth and strong tenant demand in Soho. Previous planning consent was granted in 2012 (expired in 2015) for demolition and redevelopment of Great Marlborough Street to provide a new seven storey building for offices (B1), retail (A1) and restaurant (A3) uses. This consent was in connection with a wider scheme. Further information can be made available upon request. Previously consented Eric Parry designed office scheme 14

15 PROPOSED RESIDENTIAL + RETAIL SCHEME NIA Planning consent was granted in April 2016 for the demolition and redevelopment behind retained facades to provide a new building comprising A1 and A3 uses over lower ground and ground floors with 27 residential (C3) apartments arranged over 7 upper floors. Consented area schedule as below: BUILDING UNIT FLOOR USE A1 A1 A3 A3 SQ M SQ FT SQ M SQ FT 54 GMS Unit 1 Ground , Lower Ground , Sub Total , GMS Unit 2 Ground ,114 Lower Ground ,158 Unit 1 Ground , Sub Total , ,272 Total , ,272 SQ M SQ FT Total A1 and A3 1, ,864 15

16 CONSENTED RESIDENTIAL NSA 54 GREAT MARLBOROUGH STREET 55/57 GREAT MARLBOROUGH STREET FLOOR FLAT BEDROOMS SQ M SQ FT 7th ,171 Flat 9 3 6th ,298 5th Flat ,377 4th Flat Flat rd Flat Flat nd Flat Flat st Flat ,376 Sub Total 851 9,159 FLOOR FLAT BEDROOMS SQ M SQ FT 7th ,369 Flat th ,352 7th ,559 Flat th ,435 5th Flat ,774 5th Flat ,554 4th Flat ,182 4th Flat th Flat th Flat ,065 3rd Flat ,179 3rd Flat rd Flat rd Flat ,060 2nd Flat ,170 2nd Flat nd Flat nd Flat ,060 1st Flat ,745 1st Flat ,540 Sub Total 2, ,738 Total 2, ,897 16

17 TOTAL AREA - RESIDENTIAL + RETAIL SCHEME Consented scheme front elevation SQ M SQ FT Total Retail ,592 Total Restaurant ,272 Total Residential 2, ,897 Total 3, ,761 17

18 SPEAK TO AN ADVISOR Hotel Development Opportunity Commercial Development Opportunity Jonathan Goldman t: +44 (0) e: Will Duffey t: +44 (0) e: Mark Shipman t: +44 (0) e: Scott Lister t: +44 (0) e: Christopher Exler t: +44 (0) e: Susanne van Nieuwenburg t: +44 (0) e: This publication is the sole property of Jones Lang LaSalle IP, Inc. and Michael Elliott LLP and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle IP or Michael Elliott LLP, Inc. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle and Michael Elliott LLP does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. 18

HEADER. Copy SEVENTEEN PORTLAND PLACE LONDON W1 SEVENTEEN PORTLAND PLACE

HEADER. Copy SEVENTEEN PORTLAND PLACE LONDON W1 SEVENTEEN PORTLAND PLACE HEADER Copy SEVENTEEN PORTLAND PLACE LONDON W1 1 INVESTMENT SUMMARY Prominently located on Portland Place at its junction with Duchess Street, in close proximity to Marylebone High Street, Oxford Circus