ISSUE NO.1 SHOREDITCHVILLAGE...frequency, high capacity service providing a 10% increase to rail...

Set to become the next iconic destination in ShoreditchShoreditch is one of London’s most exciting locations, seen not only as a creative and cultural mecca but also as a City fringe location with major development potential. It is now the place people want to be seen and located; home to established occupiers like Google, AllSaints and A.P.C.

KNIGHT FRANK IS BRINGING TO

THE MARKET A UNIQUE,

67,550 SQ FT DEVELOPMENT

OPPORTUNITY IN THE HEART OF SHOREDITCH.

Shoreditch Village will provide a unique mixed-use scheme, knitted into the existing urban fabric and complimenting the vibrant Shoreditch lifestyle. The scheme is structured around a regenerated courtyard, set to become the next iconic street market and retail destination in London.

2 Editor’s Note Investment Summary

6 Travel Location,Transport

10 Lifestyle Local Developments

18 Feature What is Shoreditch Village, Proposed Scheme, Planning

30 Data Tenure, Accommodation, Market

36 Subscription Further Information

SHOREDITCHVILLAGE.COMISSUE NO.1

PHASE II

2

Shoreditch Village Phase II

A unique development opportunity known as Shoreditch Village Phase II providing office, retail and potential residential uses.

Opportunity to purchase the second phase of the wider Shoreditch Village masterplan.

0.329 ha (0.812 acres) site with a prominent frontage onto Shoreditch High Street.

Situated in one of London’s most exciting and fastest growing sub-markets.

Truly vibrant, mixed use area with surrounding residential, retail, restaurant, student, leisure and office accommodation.

The immediate locality is currently undergoing significant development change set to transform the area.

Set to benefit from Crossrail, with Liverpool Street as the primary City station only 650 metres to the south west.

New 160 year long leasehold over the majority of Phase II.

Low ground rent to be set at 7.50% of rents received, subject to a minimum figure.

Planning consent granted.

Scope to improve existing consent by implementing dMFK architect design and enhancement proposals resulting in

a total of 67,550 sq ft plus market stalls and kiosks.

Offers sought in excess of £20m for the long leasehold interest, subject to contract and exclusive of VAT.

Low capital value of £296 per sq ft (based on dMFK architect proposed NIA).

INVESTMENTSUMMARY

3SHOREDITCHVILLAGE.COM

6 7SHOREDITCHVILLAGE.COM

Shoreditch Village is located in one of Central London’s most exciting sub-markets. The site occupies a prominent corner position at

the boundary with the traditional City of London core and Tech City surrounding Old Street roundabout.

Benefitting from prominent frontages with Shoreditch High Street to the east, Holywell Lane to the south, King John Court to the west and New Inn Yard to the north the site is set to link the City Core and Tech City cluster.

This location is to transform further with the introduction of Europe’s largest infrastructure project, Crossrail, with the new entrance at Liverpool Street station, a short 12 minute walk to the south. Crossrail will significantly reduce current journey times, with Canary Wharf and Bond Street accessible within 7 minutes and Heathrow within 35 minutes.

With the arrival of big brands and

designer boutiques Shoreditch has joined London’s ‘must see’

retail destination list, while still retaining its independent and

arty identity.

ANETA POPIELCENTRAL LONDON DEVELOPMENT

One of the most talked about, exciting and important London districts

9

ConnectivityThe site’s location provides excellent access to a wide range of public transport. In particular the properties are in close proximity to Shoreditch High Street and Liverpool Street stations. Liverpool Street station is one of London’s largest transport hubs providing access to the Central, Hammersmith & City, Circle and Metropolitan Lines in addition to mainline services to Essex, East Anglia and Stansted Airport. Currently Liverpool Street station services approximately 123 million travellers a year which is set to increase with the completion of Crossrail in 2018.

CrossrailShoreditch Village is also set to benefit significantly from the completion of the Crossrail project in 2018, being less than 650 metres from the principal City entrance at Liverpool Street station.

Crossrail is Europe’s largest infrastructure project currently underway, linking Heathrow Airport and Bond Street in the west with Canary Wharf and London City Airport to the east. It will be a high frequency, high capacity service providing a 10% increase to rail capacity in the capital and will make the whole of Central London and the eastern and western areas outside London more accessible.

8

Less than 650 meters from the future Crossrail station at Liverpool Street

The following stations are within the immediate locality:

SHOREDITCH HIGH STREET 300M

London Overground

LIVERPOOL STREET 650M

Central Circle Hammersmith & City Metropolitan National Rail Crossrail

OLD STREET 800M

Northern National Rail

MOORGATE 1100M

Circle Hammersmith & City Metropolitan Northern National Rail Crossrail

7 min 2 min

Paddington

Shen�eldManorPark

CanaryWharf6 min

Liverpool Street

TottenhamCourt Road

BondStreet

Hayes &Harlington

EalingBroadway

ActonMain Line

WestEaling

CustomHouse

AbbeyWood

ForestGate IlfordStratford

WhitechapelFarringdon

Reading Maidenhead

Hanwell

Southall

Woolwich

Maryland

Heathrow35 min

KING’SCROSS

ST. PANCRAS

BARNSBURY

THE CITY

BARBICAN

SHOREDITCH

HOXTON

TECH CITY

BETHNAL GREEN

FINSBURY

BROADGATE

WHITECHAPEL

SHADWELL

FARRINGDON

Old Street Great Eastern Street Commercial Street

Hackney

Roa

d

Bethnal Gree

n Road

Fleet Street Cannon Street

Bish

opsg

ate

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redi

tch

Hig

h St

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City Road

Old Street

Clerkenwell Road

Charterhouse Street

Aldersgate Road

Gosw

ell Road

City Road

High Holborn Newgate Street Cheapside

Whitechapel R

oad

East Road

12 MINWALK

10 MINWALK

Aldgate

AldgateEast

Bank

Mansion HouseMonument

St Paul’s

Thames Link

ChanceryLane

CoventGarden

Holborn

StreetLiverpool

Shoreditch High Street

BethnalGreen

Whitechapel

Shadwell

BethnalGreen

MileEnd

StepneyGreen

Angel

King’sCross

Old Street

Moorgate

BarbicanFarringdon

Russell Square

Hoxton

Haggerston

Increasing London’s Rail

Capacity by 10%, the largest increase

since 1945.

Liverpool Street to Heathrow in

35 minutes.

42 kilometres of new rail

tunnels.

24 trains per hour

An extra 1.5 million

people within 45 minutes of Central London

Liverpool Street to Canary Wharf

in 7 minutes.

Walking times provided by Google Maps.

SHOREDITCHVILLAGE.COM


There is no arguing that Shoreditch is one of the most dynamic areas in London. This place, like no other, seamlessly networks

old-school with new generation. The district is the centre of creativity and innovation and serves as an incubator for start-ups in media, technology, fashion, music and art industries. With its exceptional location, Shoreditch Village is well placed to provide a balanced mix of occupiers who make this area unique and distinct.

To the north-west of Shoreditch Village is Old Street roundabout, the home of Tech City and a hugely successful cluster of Technology, Media and Telecoms (TMT) companies intent on making this location the digital capital of Europe. Companies now located in the area include Google Campus, Soundcloud, Moo and Mind Candy.

To the south-east lies Shoreditch High Street with the iconic Tea Building, Box Park, Brick Lane, Truman Brewery and Spitalfields Market, providing quality retail and leisure accommodation as well as flexible office space for creative industries. The area has become known for such tenants as Mother, Albion, Crowd DNA, SOM, Wieden + Kennedy and many independent market traders.

The City Core now blends seamlessly into Shoreditch through the major development of Broadgate, Bishops Square and once completed Principal Place and Blossom Street. The Broadgate office complex which wraps around Liverpool Street station is home to a number of

Mastering a perfect balance between professionalism and creativity

TO THE NORTH-WEST OF

SHOREDITCH VILLAGE IS

OLD STREET ROUNDABOUT, THE HOME OF

TECH CITY

KING’SCROSS

ST. PANCRAS

BARNSBURY

THE CITY

BARBICAN

SHOREDITCH

HOXTON

TECH CITY

BETHNAL GREEN

FINSBURY

BROADGATE

WHITECHAPEL

SHADWELL

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Old Street Great Eastern Street Commercial Street

Hackney

Roa

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reen R

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ate

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Aldersgate Road

Gosw

ell Road

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Whitechapel R

oad

East Road

Aldgate

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Bank

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StreetLiverpool

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Whitechapel

Shadwell

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MileEnd

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Moorgate

BarbicanFarringdon

Russell Square

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DLR

BOUNDARY ACE HOTEL

QUEEN OF HOXTON BOXPARK SPITALFIELDS MARKETTEA BUILDING

TRAMSHED

THE CLOVE CLUB

SHOREDITCH HOUSEthe world’s leading financial and professional firms including the new 700,000 sq ft UK headquarters for financial services firm UBS and a selection of national and international retailers. However in recent years it has become a popular destination for corporate occupiers cemented with Amazon pre-letting 400,000 sq ft at Principal Place, 350 meters south of Shoreditch Village. Bishops Square and Spitalfields to the south integrates together modern offices (750,000 sq ft), retail, market and residential uses to create a vibrant destination.

1514

New schemes are set to enhance the area’s presence as a key part of Central London’s property market

Shoreditch is currently undergoing significant development activity. This is largely being driven by occupational

demand from rapidly growing tenants within the Technology, Media and Telecoms sectors who have clustered around the Old Street roundabout and east into Shoreditch, but also by tenants, owner- occupiers and investors seeking to be located in such a vibrant area adjacent to the core of the City of London.

This demand has seen a number of new developments completed over recent years with further development activity either underway or planned in the near future. These schemes, a large number of which are committed, will substantially transform this location, provide tenants and residents with much needed new quality accommodation and further drive rents forward.

Exemplar has been granted planning permission to undertake a complete regeneration of the London Fruit & Wool Exchange buildings in Spitalfields. The scheme due for completion in 2017 will deliver 300,000 sq ft of new grade A space including 260,000 sq ft of (NIA) of office accommodation and 40,000 sq ft (NIA) of retail, restaurant, cafe, SME and public space.

East Anglia House, 12-34 Great Eastern Street, EC2

A planning application has been submitted for a comprehensive refurbishment including erection of a 7 storey external core and external alteration to the existing entrance. The building is currently owner-occupied by telecom company Colt, who also occupy the adjacent Sovereign House, used as a data centre.

01

Fruit & Wool Exchange, 39 Brushfield Street, EC2

02

The Goodsyard, E1Hammerson and Ballymore Group have submitted a planning application for the Bishopsgate Goodsyard 4.7 hectare site to provide up to 2,000 new residential units, office accommodation, shops and leisure facilities and 1.8 hectares of public open space. Development would be phased over 10 to 15 years, with the earliest commencement in 2016.

03

The Curtain Hotel Site, Scrutton Street EC2This prominent site in the heart of Shoreditch benefits from a planning permission for a boutique led hotel comprising 135 rooms with ancillary conference, food and beverage facilities over 102,000 sq ft (GIA).

04

Plough Yard Scheme, EC2Plough Yard Developments are planning a multi-million pound regeneration of a 2.5 acre site in Shoreditch called ‘The Stage’. The residential led scheme has received planning consent to develop 385 residential units in a new 40-storey residential tower building. Furthermore, there will be two office buildings totalling 250,000 sq ft NIA targeted at the Technology Media and Telecommunication sectors and 50,000 sq ft NIA of retail space.

05

The Shoreditch Estate (Blossom Street), E1The Shoreditch Estate was acquired by British Land in 2013 and comprises a two acre site and provides a 3 phase mixed-use development with planning already secured on phase 1 for 155,000 sq ft of new office and ancillary accommodation.

06

5 Broadgate, EC25 Broadgate, designed by Make Architects is set to become the new UK headquarters of financial services firm, UBS. The development extends to over 65,032 sq m (700,000 sq ft NIA) including new public realm, landscaping enhancements from Sun Street Passage to Primrose Street and additional retail space within the newly created Sun Street Square.

07

Principal Place, EC2Principal Place was purchased by Brookfield Office Properties from Hammerson in 2012 and will deliver a mixed-use scheme consisting of premium office, residential and retail space. The development will provide over 600,000 sq ft NIA of office accommodation with multiple roof terraces offering views across London. Furthermore, the scheme with provide a brand new public piazza comprising half an acre of public realm and events space and more than 20,000 sq ft NIA of retail space, including cafés

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Plough Yard Scheme, EC2

The Goodsyard, E1

Principal Place, EC2

The Shoreditch Estate (Blossom Street), E1

The Shoreditch Estate (Blossom Street), E1

1918

Planning consent has been granted for an Ellis Miller designed mixed use scheme covering both Phase I and Phase II of Shoreditch Village. This consent includes the demolition of rear additions to 187 Shoreditch High Street and erection of a 3 storey rear extension (Block B), creation of undercroft at ground floor of 186 Shoreditch High Street and erection of 5 new buildings around an area of landscaped open space (to be used for market activities including 10 x kiosks plus table top markets) with associated provision for outdoor terraces, refuse provision, landscaping, roof plant and cycle parking. The new buildings include: a part 3 part 5 storey building with basement and mezzanine (Block A), two 2 storey buildings (Block C and G), a 1 storey building of double storey height for potential mezzanine (Block D) and a part 4, part 9 storey plus basement building (Block E and F). The redevelopment comprises Class B1/A1/A3 (office, retail/café/restaurant) accommodation; Class C1 accommodation and 8 residential units (Class C3). Blocks A, B, C and D as well as landscaped open space with provision for 10 kiosks and table top markets comprise Phase II, which forms part of this sale. Blocks E, F and G are retained within Phase I. Since obtaining planning permission for Shoreditch Village, the freehold title of an adjoining building, 17 Anning Street has been acquired and forms part of the sale of Shoreditch Village Phase II.

17 Anning Street provides the opportunity to create additional retail and potentially residential accommodation. Shoreditch Village is situated in the South Shoreditch Conservation Area. The Shoreditch Village planning consent requires restoration works to be completed on 187 Shoreditch High Street, a Grade II listed building as part of the Phase 1 construction.

The Shoreditch Village planning consent involved the following professional team: LEAD ARCHITECT & MASTERPLAN: ELLIS MILLER

DELIVERY ARCHITECT:AXIS

M&E ENGINEERS: ATELIER TEN

STRUCTURAL & CIVIL ENGINEERS: ELLIOTT WOOD

LANDSCAPE ARCHITECTS:GUSTAFSON PORTER

TRANSPORT / WASTE: WSP GROUP

TFL / MARKETS: DAVID UBAKA PLACEMAKERS

HERITAGE: JULIAN HARRAP

PLANNING: CHARLES MORAN

CONSERVATIONIST: RAY ROGERS HERITAGE & URBAN DESIGN

19


Shoreditch Village was granted planning permission by London Borough of Hackney, with support from statutory and local groups including English Heritage, OPEN Shoreditch and TfL in 2014. The masterplan envisages public space regeneration and a mixed-use scheme over approximately 0.49 ha (1.20 acres) site, comprising two distinct phases.

Phase I Design – CitizenM Hotel and The Eight Apartments at King John CourtPhase I is currently under construction and will not form part of this sale. Nevertheless the design of Phase I forms an integral part of the overall site masterplan. It incorporates an innovative 216-room CitizenM hotel (Block F) as well as The Eight Apartments at King John Court (Block E) – an exclusive scheme of eight residential units, both with retail accommodation at ground floor level and the entirety of Block G.

The design of CitizenM Shoreditch is a reinterpretation of the demolished Kingsland Viaduct, having a two-storey steel ‘plinth’ structure, which accommodates shops, a café bar and restaurant. A ‘floating’ glass front of house at first floor projects past the plinth structure, suggesting a reconnection with the remnants of the existing viaduct. Hotel room modules are stacked above the plinth, making reference to the local art installation showing tube carriages on top of a neighbouring viaduct.

Shoreditch Village is a unique and

exciting development opportunity which will transform

Shoreditch’s well known, existing pop-up street market, into an exciting significant new development focused around a public space.

In conceiving the scheme we considered a range of factors from the mix of uses vying for a position within Shoreditch to the core and micro location influences that affect the site. No single element was considered in isolation. The aim was to provide a scheme which compliments the surrounding environment and its constraints, in particular the Kingsland viaduct, while acknowledging the standard of Central London development.

The Eight Apartments at King John Court will provide eight residential units within a design that refers to key features from the local context. Dark grey engineering brick and deep window reveals reflect the industrial feel of the neighbouring streets. The scheme is organised with double height café and restaurant spaces at the lower levels addressing the adjacent bustling outdoor market, with high-quality residential space above. A rooftop garden and balconies will provide external space to the apartments, while a planted screen and raised beds on the roof garden will create privacy from passing Overground trains.

Although not located in Phase I, the construction start enables us to undertake restoration works to 186/187 Shoreditch High Street (Grade II listed), which will be of benefit to Phase II.

Phase II Design – Office, Retail and potential Residential.Phase II will comprise a mixed-use scheme offering office, retail and potentially residential accommodation arranged over blocks A, B, C, D as well as 17 Anning Street and 10 kiosks and market stalls, which will form the new street market and a regenerated public space in the centre of Shoreditch. Further details are provided overleaf.

Phase I (currently under construction)

BLOCK EThe Eight Apartments at King John Court and retail

BLOCK FCitizenM hotel and retail

BLOCK G Retail

Phase II (for sale)

BLOCK ARetail and office

BLOCK B Retail, including the grade II listed 187 Shoreditch High Street

BLOCK CRetail

BLOCK DRetail

17 ANNING STREETRetail and potential residential

CITIZEN M HOTEL

DOMINIC WHITE DIRECTORSHOREDITCH VILLAGE HOLDINGS

Phase 1 hotel,

residential and retail

use

Phase II office,

retail and potentially residential

BLOCK A

BLOCK BPHASE 2

PHASE 1 BLOCKC

BLOCK G

BLOCK D

17 ANNING STREET

BLOCK F

BLOCK E

Shoreditch Village Master Plan

Potentially one of london’s most vibrant mixed use development opportunities

Not to scale and for indicative purposes only.


of varying colour, decoration and window type, increasing the glazing towards the viaduct where we could make best use of the long open aspect over the railway. Ground level retail is proposed with offices on upper floors, served by a long central core intended to offer great flexibility for composition of tenancies, enabling small start ups and larger companies to easily occupy the floors.

The site has phenomenal pedestrian connectivity and we want to build on the principles established in the consented scheme, creating a covered, ‘Ramblas’, encouraging street trading, interesting food and market stalls, and making a virtue of the unique space under the viaduct. Where this route widens, public squares are created, encouraging outdoor eating and activity. The office entrance is located at the centre of all of this and marked with a strong vertical glazed gap between the brickwork facades.

Most offices are given generous balconies and terraces, adding to the animation of these external areas and creating a cool, airy feel to the scheme.

The original listed building at 187 Shoreditch High Street is restored and brought into the scheme.

Overall, the scheme aims to echo the proportions, materials and gritty industrial character of the area. It blends new buildings and their uses into the distinctive local ecology whilst making a unique new local asset and public place.

The vision for Phase II is to create a market leading mixed-use development including office, retail and residential to maximise the lettable area and its commercial viability, whilst delivering a development that significantly adds to the quality of the environment and is integrated with Phase I.

The key element of Shoreditch Village masterplan is to create a significant new public space which will restore lost neighbourhood connections transforming the space around the viaduct into a positive public realm, encouraging people to use it as their main thoroughfare and integrating the site back into Shoreditch.

Our starting point for the redesign of Shoreditch Village was to bring together the composition into a series of buildings which echoed the proportions and grit of Shoreditch. We aimed to significantly increase the net area whilst working within the consented envelope, and to rethink the core design of Block A to maximise floor plate efficiency and to enable flexibility and subdivision to suit a varied local market.

The site is bounded by elegant brick buildings with strong punched out windows and decoration and Victorian warehouses. We’ve chosen to slice the long building into vertical elements, each

THE SHOREDITCH VILLAGE

MASTERPLAN IS SET TO CREATE A SIGNIFICANT NEW

PUBLIC SPACE WHICH WILL

RESTORE LOST NEIGHBOURHOOD

CONNECTIONS

JULIAN DE METZFOUNDING DIRECTORDMFK ARCHITECTS HOLDINGS

BLOCK A AND B

2524

- Approximately 1,190.8 sq m (12,800 sq ft) of net internal area within the same massing of the consented structures

- Change of cascaded frontage of the building into a curved shape to increase visibility from Shoreditch High Street and expose the office entrance

- Introduction of faceted elevations to the rear of Block A to provide natural light to the offices

- Occupancy levels of 1 person per 8 sq m

- Bright open floor plates with 2.85m typical floor to ceiling height

- Loft style exposed concrete soffits

- Displacement air conditioning system

- South facing office balconies

- Private landscaped roof terrace to 4th floor office

- 3 passenger lifts

- Bicycle storage with fully accessible showers

- Dramatic reception area with incorporated office lounge

- Landscaped square with new vibrant street market, restaurant and cafés

The dMFK potential improvements provide the following:

2726

The plans produced by Ellis Miller as part of the consented scheme have been independently measured by Lane and Frankham, in accordance with the Royal Institution of Chartered Surveys (RICS) Code of Measuring Practice (6th Edition) and comprise the following approximate internal floor areas:

Proposed mezzanine/first floor plan

Not to scale and for indicative purposes only. A measured survey and plans are available on request.

KEY

COMMERCIAL

PHASE 1

BLOCK G

BLOCK F

BLOCK E

BLOCK D

17 ANNING STREET

BLOCK A

KIOSKS

BLOCK C

BLOCK B

BLOCK D

PHASE 1

BLOCK G

BLOCK F

BLOCK E

17 ANNING STREET(VOID ABOVE)

BLOCK A

BLOCK C

BLOCK B

Proposed ground floor plan


KEY

COMMERCIAL

10 X KIOSKS AND MARKET STALLS ACCROSS THE PUBLIC REALM

USE NIA (SQ FT)

OFFICE* 27,556

RETAIL 23,219

STORAGE 3,959

TOTAL 54,734

SUMMARY OF NET AREAS

* Includes reception and assumes Block A first floor is utilised as B1


OVERALL TOTAL 5,085 54,734

FLOOR USE GIA (SQ M) GIA (SQ FT) NIA (SQ M) NIA (SQ FT)

FOURTH OFFICE (B1) 572.2 6,159 431.6 4,646

THIRD OFFICE (B1) 703.7 7,575 558.9 6,016

SECOND OFFICE (B1) 864.5 9,305 722.0 7,772

FIRST OFFICE/RETAIL (B1/A1/A3) 637.6 6,863 537.2 5,782

MEZZANINE RETAIL (A1/A3) 812.9 8,750 774.9 8,341

GROUND RETAIL (A1/A3) 812.9 8,750 770.2 8,290

BASEMENT STORAGE 295.1 3,176 227.2 2,446

SUB-TOTAL 4,698.9 50,578 4,022 43,293

BLOCK A


THIRD RETAIL (A1/A3) 46.6 502 36.5 392

SECOND RETAIL (A1/A3) 48.1 518 38.1 411

FIRST RETAIL (A1/A3) 81.8 880 70.0 753

GROUND RETAIL (A1/A3) 98.9 1,065 82.4 887

BASEMENT RETAIL (A1/A3) 151.9 1,635 140.5 1,513

SUB-TOTAL 427.3 4,600 367.5 3,956

BLOCK B


MEZZANINE RETAIL (A1/A3) 118.9 1,280 104 1,119

GROUND RETAIL (A1/A3) 118.4 1,274 103.5 1,114

SUB-TOTAL 237.3 2,554 207.5 2,233

BLOCK C


MEZZANINE RETAIL (A1/A3) 88.8 956 88.8 956

GROUND RETAIL (A1/A3) 88.8 956 88.8 956

SUB-TOTAL 177.6 1,912 177.6 1,912

BLOCK D

TOTAL 5,541 59,644 4,775 51,393


GROUND AND FIRST OFFICE AND ANCILLARY 310.27 3,340

17 ANNING STREET

In addition to the consented scheme, 17 Anning Street provides the below net areas and uses: (measured seperately by Greenhatch).

SHO

RED

ITC

H H

IGH

STR

EET

SHO

RED

ITC

H H

IGH

STR

EET

29

PHASE 1

BLOCK F

BLOCK G

BLOCK E

17 ANNING STREET(VOID ABOVE)

BLOCK A

BLOCK B

BLOCKC

BLOCKD

SHO

RED

ITC

H H

IGH

STR

EET

28

The below areas and floor plans reflect dMFK’s refined scheme which is set to capitalise on efficiency improvements, with over 12,800 sq ft of additional floor space incorporated within the same massing of the building.

Proposed mezzanine/first floor plan


KEY

COMMERCIAL

POTENTIAL RESIDENTIAL

PHASE 1

BLOCK F

BLOCK G

BLOCK E

KIOSKS

17 ANNING STREET

RECEPTIONBLOCK AUNIT 1

BLOCK AUNIT 2

BLOCK B

BLOCKC

BLOCKD

Proposed ground floor plan


KEY

COMMERCIAL

POTENTIAL RESIDENTIAL

USE NIA (SQ FT)

OFFICE* 45,720

RETAIL 17,168

RESIDENTIAL 1,393

STORAGE** 3,271

TOTAL 67,552

SUMMARY OF NET AREAS

* Includes Receptions. Assuming Block B providing office use and Block D first floor office use

**Assuming all basements providing storage



FIFTH OFFICE 572.60 6,163 459.10 4,942

FOURTH OFFICE 746.60 8,036 609.70 6,563

THIRD OFFICE 893.90 9,622 776.50 8,358

SECOND OFFICE 893.90 9,622 776.50 8,358

FIRST OFFICE 887.10 9,549 770.30 8,291

GROUND RETAIL UNIT 1 RETAIL UNIT 2OFFICE RECEPTION

870.6 9,371 319.00273.00154.50

3,4342,9391,663

BASEMENT RETAIL UNIT 1 STORAGE RETAIL UNIT 2 STORAGEUNIT 3 STORAGE

837.6 9,016 292.40 220.30232.20

3,147 2,3712,499

SUB-TOTAL 5,702.30 61,379 4,883.5 52,565

BLOCK A


THIRD OFFICE/RETAIL 90.50 974 83.90 903

SECOND OFFICE/RETAIL 90.50 974 83.90 903

FIRST OFFICE/RETAIL 90.50 974 83.90 903

GROUND OFFICE/RETAIL 90.50 974 83.90 903

BASEMENT OFFICE/RETAIL/STORAGE 88.40 952 42.00 452

SUB-TOTAL 450.40 4,848 377.60 4,064

BLOCK B


FIRST OFFICE 132.00 1,421 115.40 1,242

GROUND RETAILOFFICE RECEPTION

132.001,421 96.70

17.80 1,041

192

BASEMENT RETAIL/OFFICE/STORAGE 132.00 1,421 61.0 657

SUB-TOTAL 396.00 4,263 290.90 3,132

BLOCK C


FIRST RETAIL/OFFICE 90.00 969 67.70 729

GROUND RETAIL 90.00 969 78.90 849

BASEMENT RETAIL/STORAGE 90.00 969 39.50 425

SUB-TOTAL 270.00 2,907 186.10 2,003

BLOCK D


FIRST RESIDENTIAL 68.70 739 63.20 680

GROUND RESIDENTIALRETAIL

327.03,520 66.20

246.90 713

2,658

BASEMENT RETAIL/STORAGE 327.00 3,520 161.40 1,737

SUB-TOTAL 722.70 7,779 537.70 5,788

17 ANNING STREET

OVERALL TOTAL 7,541.40 81,176 6,275.8 67,552

10 X KIOSKS

SHO

RED

ITC

H H

IGH

STR

EET


Transaction OverviewShoreditch Village Phase II will be disposed of by way of two new long leasehold interests subject to a development agreement.

Further details are available on shoreditchvillage.com

New 160 year headlease of the main part of the site (Headlease) and 145 year underlease of part of the viaduct undercroft area (Undercroft Underlease), both subject to a development agreement. The site extends to approximately 0.329 ha (0.812 acres). The approximate extent of the long leasehold ownership is shown coloured green on the OS extract plan below, with the Undercroft Underlease area shown edged red.

TERM Headlease - 160 YearsUndercroft Underlease - 145 years with a Landlord’s break in 2135 (to mirror superior leases)

RENT Headlease Minimum Ground Rent: Minimum ground rent of £25,000 for years 1, 2 and 3, £50, 000 for year 4, followed by £100,000 thereafter, subject to review every 10 years.

Headlease Additional Rent:An additional rent will be payable from year 4 equal to 7.5% of rents received per annum (including any income from the premises demised by the Undercroft Underlease), less the Minimum Ground Rent (MRG).

Undercroft Underlease:Peppercorn rent.

MGR REVIEW: Every 10 years to the higher of the previous MGR or 50% of the highest rent paid in the preceding 5 years.

DEMISE: • Development known as Phase II Shoreditch Village as shown coloured green on the plan on the previous page. The area edged red will be demised by the Undercroft Underlease

• If during the course of Development, the Tenant acquires any adjoining or additional land for the purposes of Shoreditch Village II, there will be a mechanism for the transfer or assignment of that land to the Landlord and the Tenant will be granted a supplemental lease back of that area.

INSURANCE: • Tenant to insure for full reinstatement value against loss or damage by normal commercial risks, together with 3 years loss of rents receivable by the Tenant. The Tenant will insure in joint names.

REPAIR: • Following Practical Completion, the Tenant will keep the property in good and substantial repair and condition. Prior to Practical Completion the Tenant will only be required to maintain the existing building and structures in a condition necessary to comply with Health & Safety legislation, in addition to other statutory and insurance requirements and any specific requirements in the Undercroft Underlease.

ALTERATIONS: • Subject to the restriction on redevelopment (and any specific requirements in the Undercroft Underlease intended to protect the operation of the East London Line railway), alterations will not require consent, but any structural or extended alterations will be identified to the Landlord who will have a period of 1 month to object if they will have an impact on the rent receivable by it or it’s reversionary value.

• No alterations will be allowed which change the net lettable area by +/- 5%.

REFURBISHMENT: • Refurbishment will be permitted without the Landlord’s consent (again, subject to any specific requirements in the Undercroft Underlease intended to protect the operation of the East London Line railway), except for a substantial refurbishment which is defined as a refurbishment requiring vacant possession of more than 85% of the office area above ground (on a net internal area basis) of the relevant building. In the event of a substantial refurbishment, the Tenant will give the Landlord six months prior written notice of the proposed works for the Landlord to approve (such approval not to be unreasonably withheld or delayed).

• Three substantial refurbishments will be allowed over the period of the term.• No refurbishment is allowed which would change the net lettable area by +/- 5%.

REDEVELOPMENT: • Landlord’s consent will be required for redevelopment. Redevelopment will be defined as requiring the demolition and rebuilding of the whole or substantially the whole of any building on the site.

• Redevelopment will be subject to any specific requirements in the Undercroft Underlease intended to protect the operation of the East London Line railway and the Tenant demonstrating to the Landlord’s reasonable satisfaction that it has (or will have) the financial ability to carry out the redevelopment together with all necessary consents to undertake the development.

• No redevelopment will be permitted which changes the gross external area by +/- 5%.• Two redevelopments will be allowed over the period of the term.

USER: • The permitted user will be offices, retail and leisure together with ancillary uses.• There will be a prohibition on hotel, aparthotel and any type of residential uses (except for 17 Anning Street), or for

diplomatic purposes.

ALIENATION: • No assignment will be allowed before Practical Completion of the development.• Post Practical Completion, assignment of the whole will be permitted with the prior written consent of the Landlord, which

is not to be unreasonably withheld or delayed. Assignment of the Headlease will only be permitted if there is a simultaneous assignment of the Undercroft Underlease and vice versa.

• Assignment of part is prohibited.• An AGA will be required.• Underletting will be permitted in accordance with the principals of good estate management on terms reflecting normal

market trends at the date of underletting. The Tenant is to use all reasonable endeavours to maximise the anticipated subrents for all of the buildings.

• Sublettings of a whole building will require the prior written consent of the Landlord which is not to be unreasonably withheld or delayed.

FORFEITURE: • The Landlord will be entitled to exercise a right of forfeiture if any sums due under the lease remain unpaid for 21 days, or the Tenant has failed to commence the development within 7 years of the grant of the leases.

GUARANTOR • A Guarantor will be required if the Tenant or proposed assignee has net assets of less than £25m (which will be reviewed every 10 years to 50% of the value of the property on an upwards basis).

• If a redevelopment is contemplated the proposed assignee must be able to demonstrate net assets equivalent to 125% of the development costs, such as securing vacant possession, construction costs, finance costs, tenant incentives and rental payments to the Landlord.

Proposed Leasehold Summary

Priory(Augustinian Nuns)

Site of

14.8m

15.4m

14.6m

15.8m

15.7m

TCB

TCB

TCBs

TCB

Cycle Hire Station

Cycle Path

CH H

IGH

STRE

ET

NEW INN YARD

FAIRCHILD STREET

NW

HOLYWELL LANE

NEW INN

SQ

ANNING

STREET

KING

JOH

N C

OU

RT

BO

SP

CarPark

Car Park

Bank15

9 to

161

1

18

36 to 46

201

to

6 to 8

168

to 1

78

Garage

207

187

66

21 to

33

T

72 PH

64

E

16

65

10

180

to 1

8219

1

55

11 to

15

1 to

9

17 to 25

17

Shelter

36

31

176

1 to

16

1

70

195

194

196

67 to 7 1

19

193

17

192

2 to 41 to 7

56

House

13

1

0m 10m 20m 30m

This plan is based upon an ordnance survey with sanction of the controller of H.M. Stationary Office. Crown Copyright Reserved. For indicative purposes only, not to scale.

Currently Shoreditch Village Phase II benefits from the following income streams, totalling £115,300 p.a.:

• 17 Anning Street – the property is currently occupied by Grosvenor Group (Print Services) Ltd with passing rent at £38,500 per annum. The lease expires on 28 September 2016, however, vacant possession can be achieved from 28 March 2015, subject to the Tenant or Landlord giving 3 months’ notice to break.

• License income – part of the Shoreditch Village II site is utilised as a pop-up street market with a number of licence agreements in place, providing total gross licence fees of £76,800 p.a., which are capable of determination at 30 days’ notice.


Occupational TrendsThe conditions in the Central London occupier market have shown considerable improvement over the course of 2014, due to primarily a resurgence of expansion-driven demand across a number of sectors. Employment in the financial and related professional sectors is now at a record high. The legal sector is reporting rising revenues and the Technology, Media and Telecoms (TMT) sector continues to show strong performance. This is likely to translate into rental growth during 2015 and beyond, as businesses continue recruiting and the supply of new and refurbished space becomes increasingly scarce.

Take UpDuring the course of 2014 leasing activity in Central London returned to levels last seen at the height of the dot-com boom in 2000. Take-up for 2014 totalled 15.9 m sq ft, a 16% year-on-year increase and 25% higher than the long-term average. There was more than 10.0 m sq ft of second-hand space let during 2014, which is the highest annual total on record. This reflects the relatively limited availability of new and refurbished space currently in the market. The City saw particularly high levels of take-up, with the second-highest level on record. The financial and technology sectors saw significant growth in 2014 accounting for 22% and 18% of all transactions respectively.

AvailabilityAvailability in Central London was 12.9 m sq ft at the year-end, 20% lower than at the same point the previous year. While availability has been falling annually since the cycle high-point in 2007, there was a marked acceleration in the pace of contraction in 2014. The Central London vacancy rate is now 5.6%, well below the long-term quarterly average of 8.9%. Over the next 12 months we expect the vacancy rate to tighten further as new development struggles to keep pace with demand.

Development PipelineAlthough almost 5.0 m sq ft of new and refurbished space reached practical completion in 2014, supply still fell by 20%. There is just 3.8 m sq ft of space due to be completed in 2015, more than half of which is already pre-let. The next 12 months will see competition amongst tenants for the available new space intensify, and space due for completion in 2016 is likely to be removed from the pipeline as pre-letting activity increases. We expect this lack of supply and continued strong demand to place significant upward pressure on prime rents across all markets.

Central London Office Market

Investment MarketContinued downward pressure on government bond yields, historically low base rates and a forecast of strong rental growth ensures Central London remains one of the key targets for real estate investors. The final three months of 2014 saw £8.7 bn of purchases in Central London, double the previous quarter’s level and the highest quarterly total ever recorded. Despite this, the annual total fell marginally short of the previous year with £19.4 bn transacted, although it is still the second-highest annual total seen in the capital.

The prime yield hardened in the City and is now 4.25%, while in the West End the prime yield remained at 3.75%. Although low by historic standards, these yields represent good value relative to other asset classes. In addition, the currency advantage enjoyed by overseas investors drew interest from across the globe. Only 25% of turnover in 2014 involved domestic investors; almost £15.0 bn of investment flowed into the Central London market from overseas sources.

Central London Retail MarketThe Central London retail market shows no signs of slowing, with a raft of new domestic and international retailers recently taking space and more expected to do so in the coming months. Both rents and capital values continue to grow, equally in prime streets and more secondary locations. As the competition for prime space is fierce and demand continues to spread to locations previously considered ‘peripheral’, new retail areas situated away from traditional pitches are emerging.

In the City, this trend involves the northern part of City Fringe, encompassing Shoreditch and Clerkenwell. With new commercial and residential schemes given planning permission as well as demand driven by London’s growing creative industries market including media and technology, Shoreditch and Clerkenwell are becoming one of the most important new locations. Redchurch Street and Shoreditch High Street are the most desirable locations with local occupiers including Beach Blanket Babylon, Pizza East, The Hoxton Pony and House of Hackney to name a few. Other notable establishments include the Tea Building, Box Park, Shoreditch House Members Club and Avant Garde.

3534

Northern City Fringe office marketThere have been a number of economic and property market changes in the Northern City Fringe area over recent years. The location and buildings’ adaptability for new uses, coupled with the attractive scale of the streets and spaces has helped Shoreditch to become a lively mixed use area, encompassing a range of small businesses, art galleries, restaurants and bars. In addition to its reputation as a creative area, Shoreditch’s location on the fringes of the City of London has made it a huge growth area for business. The drive to encourage companies within the TMT sector to re-locate into this area has been given the full backing of the UK Government and is subject to a number of initiatives aimed at providing financial support. For example, the Government’s UK Trade and Investment department has created the Tech City Investment Organisation (TCIO), the body responsible for making Tech City one of the world’s top destinations for tech entrepreneurs, rivalling world renowned locations such as Silicon Valley and New York.

Take upBy way of further confirmation of the area’s credentials as a growth location, the following companies have made substantial commitments:

• Amazon: the online retailer has committed to a 430,000 sq ft pre-let at Principal Place, a scheme on the border of the Northern Fringe and City Core due for completion in 2017.

• Intel: the computer technology giant plans to establish a new research laboratory in East London, focusing on performance computing and new energy efficient technologies.

• Google: the information services leader plans to create an Innovation Hub in East London providing creative space for their researchers to work alongside developers and academics to create next generation applications and services.

• Facebook: the social networking company plans to create a permanent home in East London for their successful Developer Garage programme, which brings together and inspires developers and entrepreneurs within the UK.

• BT: British Telecom is bringing forward its roll-out of superfast broadband in Shoreditch and Old Street, providing some of the fastest internet speeds in Europe.

• KPMG: the firm has recently announced plans to establish a start-up hub with a dedicated team and based in Tech City. KPMG will be the first of the ‘Big Four’ firms to have a permanent representation close to the Silicon Roundabout.

As a result of Amazon’s pre-let at Principal Place, the Northern City Fringe saw the highest annual take-up on record over the course of 2014. There were around 1.6 m sq ft of transactions, considerably more than the long-term annual average of 924,000 sq ft.

Aside from the Amazon pre-let, the majority of transactions over the last 12 months have involved second-hand space, a dynamic driven by a lack of development activity in the area. Since 2004 just 1.2 m sq ft of new or refurbished space has been built compared to almost 13.0 m sq ft in the City Core. While this has led to a lack of evidence of prime transactions, it has not stifled demand for office space in the area. TMT occupiers have been drawn to the area due to its proximity to the City, Shoreditch and the Tech City initiative at the Old Street Roundabout.

Northern City Fringe & Tech Belt

0.0Q107

Q207

Q307

Q407

Q108

Q208

Q308

Q408

Q109

Q209

Q309

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

Long-term average =0.23m sq ft

Mill

ion

sq ft

AvailabilityHaving peaked in Q3 2009 at almost 1.8 m sq ft supply has been on a downward trend. At the end of 2014, availability in the northern City Fringe totalled just over 800,000 sq ft, reflecting a vacancy rate of 4.8%. This compares favourably with the vacancy rate in the nearby City Core of 6.5% and an overall City vacancy rate of 6.1%.

Supply looks set to encounter further downward pressure over the next 18 months. There is just 220,000 sq ft of untenanted space currently under construction, which appears low considering take-up of new and refurbished space over the last 12 months has totalled 650,000 sq ft. Delivery of new space, including White Collar Factory and The Bower, both at the Old Street Roundabout, will create more options towards the end of 2016 although much of this is likely to be committed during construction as tenants secure space ahead of completion.

Q409

0.0

0.5

1.0

1.5

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Mill

ion

sq ft

NORTHERN CITY FRINGE AVAILABILITY

NORTHERN CITY FRINGE TAKE-UP

Rental GrowthContinued strengthening of the global economy and limited speculative development will drive prime headline rental growth in the Northern City Fringe during the next phase of the property cycle. In addition, the delivery of Crossrail at Farringdon and Liverpool Street in 2018 could ensure positive rental growth.

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

£0.00

£10.00

£20.00

£30.00

£40.00

£50.00

£60.00

£70.00

Per s

q ft

Forecast

NORTHERN CITY FRINGE RENTAL GROWTH FORECASTS

Residential Market

Tech City has emerged in areas which have a high mix of residential, commercial and retail property. It is therefore possible to work and live in the same area. In addition to a minimal commute for those working in Tech City, over the past seven years many more bars and restaurants have opened, making this one of the liveliest areas of London to choose from when it comes to downtime.

The attraction of the area to small and large companies has created significant levels of employment opportunities, followed by a notable increase in housing demand. The UK TMT sector already accounts for 650,000 jobs in London generating around £125 billion a year in economic value (GVA) – equivalent to 8% of the UK’s GDP and Tech City is forecast to have one of the highest rates of job creation in the coming years.

The area around Silicon Roundabout covers Islington and Hackney, and the boroughs together with City of London are expected to experience a strong rise in the demand for housing between now and 2021, according to government figures.

Migration data points that the area appeals particularly to twenty-something’s, most likely working in the Tech industry, which has led to

increased vitality in terms of amenities. This, in turn, is making the area increasingly more attractive to more affluent dwellers including city workers.

The residential market around Silicon Roundabout is set to become even more entrenched as more infrastructure is put in place to support businesses. For instance several telecoms firms have already rolled out super-fast broadband to businesses and homes in the area, and EE introduced ‘double- speed 4G’ to Tech City in June this year. This not only underpins the attractiveness of the area for business, but is an added benefit for those living in the area, allowing them more freedom to work from home, or simply enjoy some of the fastest connection speeds in the country during their downtime. EE has pledged that it will launch all its future 4G advances in Tech City first.

Source: ONSATTRACTING YOUNG WORKERS NET MIGRATION, 2011

HACKNEYISLINGTON

2011102,000households




Source: Knight Frank Residential Research / DCLG* Figures rounded

-2,000

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

1,7

86

1,0

61

1,1

37

1,2

38

20-30YEAR OLDSKey ages for migration

HACKNEYISLINGTON

AGE:15-19

AGE:Under 15

AGE:20-24

AGE:25-29

AGE:30-34

AGE:35-39

AGE:40-44

AGE:45-49

AGE:50-54

AGE:55-59

AGE:60-64

AGE:65-69

AGE:70+

OVERALLNET

NEWINFLOW

NO CHANGE

NEWOUTFLOW

15%

800m radiusfrom SiliconRoundabout

HackneyIslington Primecentral London

18% 24% 26%

HOW THE MARKET HAS PERFORMED…Average residential price growth January 2011 – April 2013 (3-month average)

ISLINGTON




HACKNEY



-2,000

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

1,7

86

1,0

61

1,1

37

1,2

38


HACKNEYISLINGTON

AGE:15-19

AGE:Under 15

AGE:20-24

AGE:25-29

AGE:30-34

AGE:35-39

AGE:40-44

AGE:45-49

AGE:50-54

AGE:55-59

AGE:60-64

AGE:65-69

AGE:70+

OVERALLNET

NEWINFLOW

NO CHANGE

NEWOUTFLOW

15%

Islington Hackney

18%


24%

PrimeCentral London

26%

Back in 2011, Knight Frank added the City Fringe, which encompasses much of Tech City, into its Prime Central London (PCL) residential price tracking index. This reflected the scale of regeneration and development, and as a result, increased amenities, within the area, and the resulting potential for capital growth. An analysis of Land Registry data shows that since the start of 2011 to the end of April 2013, prices of all property within 800 metres of the roundabout have climbed by around 24%, whilst Boroughs of Islington and Hackney recorded a15% and 18% price increase respectively over the same time period. In addition in the year to July 2013, prices of luxury property in the City and City Fringe have outperformed the wider prime central London market, climbing by 14%, compared to 7% growth in the whole prime central London market.

Within London, the changes to the household growth forecasts in Hackney and Islington are among the most striking. The forecast for the increase in the number of households in Islington between 2011 and 2021 was revised up from 8% to 18% – an extra 16,500 households. In Hackney, the forecasts were increased from 8% to 13%, an extra 13,000 households, indicating even higher levels of demand for housing in these boroughs in the coming years.

GROWING DEMAND FOR HOUSINGForecast growth in households 2011 - 2021

ISLINGTON




HACKNEY



-2,000

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

1,7

86

1,0

61

1,1

37

1,2

38


HACKNEYISLINGTON

AGE:15-19

AGE:Under 15

AGE:20-24

AGE:25-29

AGE:30-34

AGE:35-39

AGE:40-44

AGE:45-49

AGE:50-54

AGE:55-59

AGE:60-64

AGE:65-69

AGE:70+

OVERALLNET

NEWINFLOW

NO CHANGE

NEWOUTFLOW

15%

Islington Hackney

18%


24%

PrimeCentral London

26%

*Figures rounded Knight Frank Residential Research / DCLGSource


FOR SALE: 8 UNIQUE LUXURY APARTMENTS WITHIN SV PHASE I. THE APARTMENTS OFFER MODERN CITY LIVING IN A RARE, TRULY MIXED USE ENVIRONMENT. DESIGNED WITH LUXURY, THESE APARTMENTS ARE TO BE FINISHED WITH A CONTEMPORARY FEEL DESIGNED WITH LUXURY IN MIND, WHICH RUNS THROUGH THE QUALITY FINISHES INSIDE TO THE DISTINCTIVE EXTERIOR, WHICH BLENDS SEAMLESSLY INTO THE TERRACES OF THE APARTMENTS. SIZES RANGE FROM 980 SQ FT TO 1,249 SQ FT.

36

For further information or to arrange an inspection of the site, which must be undertaken strictly by appointment only, please contact the vendor’s agent below:

EPCThe Energy Performance Asset Rating for 17 Anning Street is ‘D’.

187 Shoreditch High Street is Grade II listed and thus exempt from an EPC register.

Further information is available on request.

VATThe property has been elected for Value Added Tax (VAT), therefore VAT will be payable on the purchase price. However, it is anticipated that the sale will be treated as a transfer of a going concern (TOGC).

WebsiteAn electronic data room is available for the property. For access to the data room please contact Knight Frank.

ProposalWe are instructed to seek offers in excess of £20m, subject to contract and exclusive of VAT for the long leasehold interest, which equates to a low capital value of £296 per sq ft based on dMFK proposed accommodation.

Important Notice

Knight Frank Important Notice

Important Notice

1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).

2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.

3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. None of the services or appliances have been tested and no warranty is given or is to be implied that they are in working order. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.

4. VAT: The VAT position relating to the property may change without notice.

Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.

Brochure date: March 2015.

Brochure designed and produced by SAENTYS +44 (0)20 7407 871 | [email protected] | www.saentys.com

ANDREW TYLER +44 (0)20 7861 1319 +44 (0)78 7614 5904 [email protected]

ANDREW HARRISON +44 (0)20 7861 1333 +44 (0)77 9531 6020 [email protected]

ANETA POPIEL +44 (0)20 7861 1573 +44 (0)74 6872 2222 [email protected]

For residential enquiries please contact:

TOM YEOMANSON +44 (0)20 7718 5225 +44(0)78 6700 1431 [email protected]

Cont’d

Misrepresentation Act: Whilst the statements contained in these particulars are given in good faith and as a general guide to the property they do not form any part of an offer or contract. Neither the vendor, lessor nor any person in the employment of CF Commercial has any authority to make or give any representation or warrant whatsoever in relation to this property. Interested parties must satisfy themselves by inspection or other means as to the correctness of these particulars. February 18.

Last Remaining Retail Unit In Shoreditch Village Shoreditch Village (Phase 1) Shoreditch High Street, Shoreditch, E1

TO LETBuilding F, Unit 3 | Area: 515.00 sqft (47.85 sqm) | Rent PAX: £45,000.00

LOCATION: Shoreditch is established as one of the most fashionable and sought after locations in London. Shoreditch Village (Phase 1) is an exciting new development bordered by Holywell Lane, King John Court and New Inn Yard, to the west of the Overground railway line.

The development is a short distance from Redchurch Street which continues to attract fashionable names including Deciem, J Crew, Nudie Jeans and Patty & Bun. A new venture by Alan Yau is also opening in the adjacent site on Shoreditch High Street.

Phase 1 comprises a new 216 bed Citizen M Hotel, eight apartments, three retail units and two signature restaurants.Phase 2 of the scheme will provide modern office space and more retail and leisure space, including a new market underneath the railway viaduct which will link into Phase 1.


Shoreditch High Street, Shoreditch, E1DESCRIPTION:The mixed use development sits either side of the development in central Shoreditch. Phase 1 now complete includes the 216 bed Citizen M Hotel , 8 apartments and 3 retail units. The units are being offered in a shell and core condition.

AMENITIES:

Shell and Core condition Fronting onto new Piazza Outside space available

216 bed hotel above Central Shoreditch Location Generous ceiling height

AVAILABILITY:

FLOOR AREA SQ FT AREA SQ MGround Floor 515.00 47.85TOTAL 515.00 47.85

TENURE: The unit is available to rent by way of a new FRI lease offering flexible terms. The lease will be contracted outside of the security of tenure and compensation provisions of the Landlord and Tenant Act 1954.

RENT PAX: £45,000.00 LEGAL COSTS: Each party to be responsible for their own legal costs.

EPC: TBC SERVICE CHARGE: TBC

VAT: The premises are elected for VAT. RATES PAYABLE: This is a new development with rates to be assessed. All interested parties are advised to make their own enquiries with the VOA or local authority.

CONTACT:Max Taylor-Smith020 3370 [email protected]

Craig Fisher020 3216 [email protected]

Cont’d


Last Remaining Restaurant Unit in Phase 1 Shoreditch Village (Phase 1) Shoreditch High Street, Shoreditch, E1

TO LETUnit 1 | Area: 4,403.00 sqft (409.05 sqm) | Rent PAX: £200,000.00

LOCATION: Shoreditch is established as one of the most fashionable and sought after locations in London. Shoreditch Village (Phase 1) is an exciting new development bordered by Holywell Lane, King John Court and New Inn Yard, to the west of the Overground railway line.

The development is a short distance from Redchurch Street which continues to attract fashionable names including Deciem, J Crew, Nudie Jeans and Patty & Bun. A new venture by Alan Yau is also opening in the adjacent site on Shoreditch High Street.

Phase 1 comprises a new 216 bed Citizen M Hotel, eight apartments, three retail units and two signature restaurants.Phase 2 of the scheme will provide modern office space and more retail and leisure space, including a new market underneath the railway viaduct which will link into Phase 1.


Shoreditch High Street, Shoreditch, E1DESCRIPTION:The unit is located in Block E, which is situated to the North of the new Citizen M hotel fronting New Inn Yard and King John Court.

The unit is arranged over 3 floors and will be handed over in shell and core condition. However there is potential to let the first floor separately to the ground and basement.

AMENITIES:

Signature Restaurant Space over 3 Floors

Outside Seating Prime Shoreditch Triangle Location

Excellent Ceiling Heights Fronting onto new Piazza

AVAILABILITY:

FLOOR AREA SQ FT AREA SQ MFirst Floor 2,065.00 191.84Ground Floor 1,536.00 142.70Basement 802.00 74.51TOTAL 4,403.00 409.05

TENURE: Available on a new FRI lease for a term to be agreed.

RENT PAX: £200,000.00 LEGAL COSTS: Each party to be responsible for their own legal costs.

EPC: TBC SERVICE CHARGE: TBC

VAT: TBC RATES PAYABLE: We understand that the property has not yet been assessed for rates.

CONTACT:Max Taylor-Smith020 3370 [email protected]

ISSUE NO.1 SHOREDITCHVILLAGE...frequency, high capacity service providing a 10% increase to rail...

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