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14 INVESTMENT SUMMARY ° ° ° ° ° ° ° ° GARRICK STREET LONDON WC2E 9BJ Prime freehold offi ce and restaurant investment situated within Covent Garden. Period property totalling 794.97 sq m (8,557 sq ft) arranged over basement, ground and four upper fl oors. Restaurant (basement and ground fl oor) let on a lease expiring 23rd June 2029 (17 years unexpired), the offi ces (1st to 4th fl oor) are let on a lease expiring 24th February 2018 (5.5 years unexpired). Average Weighted Unexpired Lease Term of 9.96 years. Split income exposure of 63% offi ces and 37% restaurant. Existing investment value underpinned by possible future change of use. Current passing rent of £405,000 per annum. Offers invited in excess of £7,295,000 (Seven Million Two Hundred and Ninety Five Thousand Pounds) providing a net initial yield of 5.25% after allowing for purchasers costs of 5.80%.
A R Y L S TREET GLO U C E STER PLACE Marble Arch E ARCH B AKER S TREET P A R K L A N E N I G H T S B R I D G E O X F O R D S T R E E T P A R K L A N E MARYLEBONE Hyde Park Corner G R O S V EN D A V I E S S T R E E T P O R T L A N D P LA C E CAVENDISH SQ. NEW BOND ST R E E T SQUARE BRUTON ST. BERKELEY P I C C A D I L LY Street R E G E N T S T R E E T HANOVER BERKELEY SQ. O X F O R D S T R E E T R E G E N T S T R E E T P I C C A D I L LY T E N H A M C O U R T R O A D REGENT ST LOCATION The subject property is located on Garrick Street in the heart of London’s Covent Garden one of the Capital’s premier retailing and leisure destinations. Garrick Street is one of the primary routeways in Covent Garden linking St Martin’s Lane and Long Acre to The Strand. Covent Garden is amongst London’s most popular tourist and shopping destinations attracting 45 million visitors every year. Covent Garden is home to the world renowned Royal Opera House, numerous theatres, galleries, museums and the famous Covent Garden Piazza. The 5,110 sq m (55,000 sq ft) Piazza is a speciality shopping area on the site of the former Covent Garden fruit and vegetable market. It now contains an attractive mix of shops, boutiques, market stalls and cafés. Since the Piazza was established over 20 years ago, the retail use has spread into the surrounding streets to provide both mainstream and ‘cutting edge’ fashion. Taplow Bond Street MAYFAIR Slough Iver STREET Green Park GREEN PARK Hayes & Harrington Oxford Circus Goodge Street SOHO S T R E E T Tottenham Court Road Piccadilly Circus ST. JAMES’S PARK CHARING SHAFTESBURY AV. HAYMARKET PALL MALL GREAT R BLOOMSBURY BLOOMSBURY ST. NEW OXFORD SHAFTESBURY AVE CROSS R O AD Leicester Square WESTMINSTER RUSSELL ST UPPER ST MARTIN’S LN ST MARTIN’S LN W H I T E H A L L SQUARE GARRICK ST S O U T H A M P T O N RO W STREET HIGH HOLBORN COVENT GARDEN ENDALL ST LONG ACRE BEDFORD ST DRURY LANE BOW ST S T R A N D GREAT QUEEN ST Covent Garden Charing Cross K I N G S W AY WELLINGTON ST Westminster Embankment WESTMINSTER BRIDGE DLR Maidenhead Burnham Langley West Drayton Southall West Ealing Acton Paddington Main Line Tottenham Court Road Liverpool Street Custom House Heathrow Piccadilly Hanwell District Central Ealing Broadway Jubilee Central 14 GARRICK STREET Bond Street THEOBALDS ROAD GRAY’S INN ROAD H I G H H O L B O R N Holborn Lincoln’s Inn Fields A L D W Y C H Gray’s Inn Gardens HOLBORN S T R A N D 14 GARRICK STREET WATERLOO BRIDGE Chancery Lane WESTMI Temple Waterloo COMMUNICATIONS The property benefi ts from excellent access to the London Underground network. Long Acre is served by Covent Garden Station (Piccadilly Line) and Leicester Square Station (Piccadilly and Northern Lines). Charing Cross mainline station is within fi ve minutes’ walk of the property providing services to and from the south east and the south coast. Numerous bus routes serve the Covent Garden area. The new Crossrail station at Tottenham Court Road is only a fi ve minute walk away. Eurostar Luton Gatwick DLR Jubilee Thameslink Metropolitan Hammersmith Hammersmith & City Central Overground & City Circle District Overground Stratford Farringdon Whitechapel Circle Northern Circle Bakerloo Central Metropolitan District Northern Hammersmith Central & City Hammersmith & City Stansted Maryland Canary Wharf Jubilee DLR Forest Gate Manor Park Woolwich PRIME COVENT GARDEN MIXED USE FREEHOLD INVESTMENT Seven Kings Abbey Wood C L E H O L B O F L E E T STAMFO W A T Lamb BAYLIS ROAD Ilford Goodmayes Romford Chadwell Heath Exisiting Station New Station Surfaceline Tunnel Portal (tunnel entrance and exit) Key Interchange Gidea Park Harold Wood Shenfield Brentwood
Page 1: 14 PRIME COVENT GARDEN MIXED USE FR
Page 5 and 6: DESCRIPTION The property comprises
Page 7 and 8: TENANCIES The ground fl oor and bas

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