TWELVE DOVER STREET€¦ · Twelve Dover Street is prominently situated in the prime section of...

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TWELVE DOVER STREET MAYFAIR LONDON

Transcript of TWELVE DOVER STREET€¦ · Twelve Dover Street is prominently situated in the prime section of...

Page 1: TWELVE DOVER STREET€¦ · Twelve Dover Street is prominently situated in the prime section of Dover Street opposite the iconic Dover Street Arts Club — originally founded by Charles

T W E L V E D O V E R S T R E E T

M A Y F A I R L O N D O N

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T WELVE DOVER STREET

OFFERS OVER 3, 250 SQ FT OF BRAND NEW

RETAIL SPACE BEHIND A REDEVELOPED PERIOD FAÇADE

IN THE CENTRE OF LONDON’S

LUXURY QUARTER

Dover Street is notable for its Georgian architecture as well as the location of historic London clubs and hotels,

which have been frequented by world leaders and historic figures in the Arts.

It has become synonymous with luxury retail and also hosts a number exclusive restaurants, boutique hotels, private members’ clubs and contemporary art galleries.

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Page 4: TWELVE DOVER STREET€¦ · Twelve Dover Street is prominently situated in the prime section of Dover Street opposite the iconic Dover Street Arts Club — originally founded by Charles

BAGATELLERESTAURANT

DOVER STREET IS HOME TO AN

ECLECTIC ARRAY OF LUXURY RETAIL ,

GALLERIES AND RESTAURANTS

Dover Street offers a mix of contemporary and old-world sophistication — some of these include the Victoria Beckham flagship store; new concept-led luxury fashion brand Varana; Galerie Thaddaeus Ropac; and the Aston Martin showroom, which are complimented by a world-class dining offer nearby including Bagatelle's London debut at 34 Dover Street, Novikov, Nobu, Park Chinois and Isabel Mayfair.

DOVER STREET IS ESTABLISHED AS

A VIBRANT RETAIL DESTINATION FOR

CONTEMPORARY LUXURY BRANDS.

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Dover Street runs north from Piccadilly into Mayfair and is bordered by Albemarle Street to the east and Berkeley Street to the west.

BERKELEYSQUARE

GREENPARK

GREENPARK

PICCADILLYCIRCUS THE RITZPICCADILLYREGENT

STREETNEW BOND

STREET

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WELL CONNECTED

Twelve Dover Street is only a few minutes’ walk to Green Park station, providing access through the Jubilee, Victoria and Piccadilly Lines.

The area’s connectivity will be enhanced further on the completion of Crossrail.

Crossrail opens in Dec 2018 and is due to be fully operational by Dec 2019. It will halve travel time to the West End by linking it to Canary Wharf in c.12 minutes, Stratford in c.15 minutes and Heathrow Airport in less than 30 minutes.

There are a number of flagship retail stores in the vicinity of the subject property including Victoria Beckham, Holly Hunt, Varana and Aston Martin. The area is also renowned for art galleries such as David Zwirner, Marlborough Fine Art, Rossi & Rossi and Galerie Thaddaeus Ropac.

OFFICES

1 Apax Partners

2 Artemis Investment

3 BAE Systems

4 Blackstone Group

5 BP

6 Caxton

7 Credit Suisse

8 Davidson Kempner

9 Elliott Advisors

10 GAM

1 1 HSBC Private Bank

12 IoD

13 Lansdowne Partners

14 Rio Tinto

15 The Carlyle Group

RESTAURANTS

1 Café Murano

2 Caviar House & Prunier

3 Cipriani

4 Le Caprice

5 Le Gavroche

6 Maze

7 Fera

8 Nobu Berkeley Street

9 Sake no Hana

10 Scott’s

1 1 Sexy Fish

12 Sketch

13 The Avenue

14 The Ritz

15 Park Chinois

16 The Grand

17 The Wolseley

18 Wiltons

HOTELS & CLUBS

1 Arts Club

2 Brown’s Hotel

3 Claridge’s

4 The Army & Navy Club

5 The Athenaeum

6 The Beaumont

7 The Connaught

8 The Dorchester

9 The Dunhill Club

10 The East India Club

1 1 The In & Out Club

12 The Royal Automobile Club

13 The Travellers Club

14 The Westbury

15 White’s Club

HY

DE

PA

RK

GREEN PARK

ST JAMES’S PARK

HANOVERSQUARE

ST JAMES’SSQUARE

GOLDENSQUARE

SOHOSQUARE

BE

RK

EL

EY

SQ

UA

RE

GROSVENORSQUARE

RIVER THAMES

BUCKINGHAMPALACE

CLARIDGE’S

THE RITZ

ROYALACADEMY

RE

GE

NT

ST

REET

PICCADILLY

BE

RK

EL

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ST

NE

W B

ON

D S

TR

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OXFORD STREET

THE MALL

DO

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D S

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BROOK STREET

CA

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AB

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AR

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SA

VIL

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CONDUIT S

T

BRUTON ST

GROSVENOR STREET

TOTTENHAM COURTROAD

ELIZABETH LINE(2018)

OXFORDCIRCUS

MARBLEARCH

BONDSTREET

PICCADILLYCIRCUS

LEICESTERSQUARE

GREENPARK

BOND STREETELIZABETH LINE

(2018)

CHARING CROSS

HYDE PARKCORNER

1

2

3

4

5

6

8

9

11

13

1415

710

12

16

17 18

13

14

15

10

11

12

7

8

94

5

6

1

2

3

13

14

15

10

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12

7

8

9

4

5

6

1

2

3

GREEN PARK Travel time mins

Victoria 1

King’s Cross-St Pancras 6 Eurostar International

Bond Street with access to 2 Bond Street Elizabeth Line (2018)

Waterloo 4

London Bridge 7

Canary Wharf (DLR) 13

Heathrow Airport 49

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Twelve Dover Street is prominently situated in the prime section of Dover Street opposite the iconic Dover Street Arts Club — originally founded by Charles Dickens and others in 1863.

London boasts one of the largest art markets in the world and is an important location for international art galleries. There has been a recent trend in new international galleries making their London debut with Mayfair remaining the traditional heartland for artists and galleries. Dover Street is an established gallery location evident by the recent opening by Thaddaeus Ropac in Ely House, a historic Mayfair mansion, where he will showcase the works of more than 60 major artists.

The Arts Club

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Royal Arcade

Dover Street is the ideal location to create experiential retail and for global players to showcase their brand.

International shoppers have boosted sales figures as they continue to be attracted to the West End by the post-Brexit decline in the value of sterling.

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International demand in the Mayfair district has gone from strength to strength in 2017 with sales to non-EU tourists up 28% between July and August. Sales to Chinese tourists have increased by 59% over the period. American, Indian and Russian shoppers have also flocked to the West End stores.

Source: NWEC

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The London Private Members’ Club scene is arguably the most prestigious in the world. In addition to The Arts Club which is located opposite 12 Dover Street, Annabel’s, Morton’s, The Lansdowne and 5 Hertford Street are located close by.

Mayfair also boasts a world renowned luxury hotel market synonymous with a top class hospitality experience. There are numerous establishments in the vicinity including Brown’s Hotel, The Ritz, The Wolseley and The May Fair Hotel.

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Page 12: TWELVE DOVER STREET€¦ · Twelve Dover Street is prominently situated in the prime section of Dover Street opposite the iconic Dover Street Arts Club — originally founded by Charles

GROUND FLOOR SALES (Approx NIA)

1 ,7 17 SQ FT | 159.50 SQ M

D O V E R S T R E E T

Indicative staircase where soft spot has been created

Indicative staircase where soft spot has been created

BASEMENT SALES / ANCILL ARY (Approx NIA)

1 ,544 SQ FT | 143 .40 SQ M

Plans not to scale. For indicative purpose only.

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HANDOVER CONDITION

The building has been totally

redeveloped behind a retained

façade with the retail space being

delivered to a shell specification

with capped off services.

A detailed retail specification

document is available on request.

• Finished floor level to soffit height

generally 3.625m at ground floor

and 3.056m at basement level

• Reinforced concrete slab

with levelling compound

finish with retail imposed

loading of 400 kg/m2

• Painted timber shopfront

with clear glass double

glazed panel to door and

clear double glazed shopfront

with bronze ironmongery

• Capped-off electricity and

water services

Capacities for water and

electricity are as follows.

ELECTRICAL SERVICES

• Ground Floor and Basement

will both have the following:

• 70kVa allocation

• Dedicated 100A TPN

supply from retained existing

Ryefield distribution board

WATER SERVICE

• Stand-alone capped supply

to retail unit, terminated at

incoming location in the

basement vaults area

• Tenant application necessary

for service

SPECIFICATION

TERMS

The property is available by way of a new effectively full repairing

and insuring lease for a term of 10 years subject to an upward only

rent review to market rent at the end of the 5th year of term.

The lease is to be contracted outside of the security of tenure

provisions of the Landlord & Tenant Act 1954 (as amended).

RENT

Quoting terms are available upon request.

USE

The property benefits from retail use within Class A1 of the

Town & Country Planning (Use Classes) Order 1987.

Other high quality uses such as art galleries

and luxury car showrooms will be considered.

BUSINESS RATES

To be re-assessed following completion of the landlord’s

redevelopment works.

EPC

Available upon request

TIMING

Handover of the retail unit is expected in Q4 2018.

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Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party 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. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation

to this property. (March 2018)

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at

50 George Street, London W1U 7GA.

siren | +44 (0)20 7478 8300 | sirendesign.co.uk | S09524

PAUL SOUBER

[email protected]

020 7344 6870

PETER FLINT

[email protected]

020 7344 6596

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