46 HERTFORD STREET, MAYFAIR W1 - James Andrew€¦ · Christopher Kane, Christian Louboutin, Creed...
Transcript of 46 HERTFORD STREET, MAYFAIR W1 - James Andrew€¦ · Christopher Kane, Christian Louboutin, Creed...
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T I T L E
4 6 H E R T F O R D S T R E E T , M A Y F A I R W 1
T I T L E
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T H E B U I L D I N G
– A prime freehold opportunity in the heart of Mayfair
– Close to Park Lane, Curzon Street and Shepherd Market
– Grade II listed historic building dating back to late 18th Century
– Total of 4,907 sq ft NIA and 6388.16 sq ft GIA over lower ground, ground and four upper floors
– Office use throughout with the benefit of residential planning permission
– Consent exists for the creation of four flats above ground and with office use on ground and lower ground floors
– Offered with full vacant possession– Opportunity for an owner occupier or investor
to create a bespoke building to suit their own taste and style
INVESTMENT SUMMARY
T H E N E I G H B O U R H O O D
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T H E N E I G H B O U R H O O D
On your doorstepMayfair boasts the largest concentration of globally renowned restaurants, private clubs and hotels in the UK, as such, this has endorsed Mayfair as the recognised home and preferred location for various global conglomerates, internationally recognised Family offices and embassies throughout Europe. In turn the area is synonymously linked with some of the worlds most luxurious and famous stores, fashion brands, art gallery’s, jewellers and haute couture houses. This has been the case for the last century and has ensured that Mayfair is firmly cemented as one the foremost luxury destinations in the world.
Shepherd Market2 minute walk
Green Park4 minute walk
Green Park Station6 minute walk
Hyde Park Corner8 minute walk
A LUXURYLOCATION
H Y D E P A R K
G R E E N P A R K
O L D B O N D S T R E E T
R E G E N T S T R E E T
B U C K I N G H A M P A L A C E G A R D E N S
H Y D E P A R K C O R N E R
M A R B L E A R C H
P A D D I N G T O N
R E G E N T ’ S P A R K
T H E D O R C H E S T E R
G R O S V E N O R S Q U A R E
B U C K I N G H A M P A L A C E
S H E P H E R D M A R K E T
B E R K E L E Y S Q U A R E
M A R Y L E B O N E
G R E E N P A R K S TAT I O N
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T H E N E I G H B O U R H O O DT H E N E I G H B O U R H O O D
M O U N T S T R E E T
Mount Street has in recent years undergone a complete revitalisation, which coincided with the refurbishment of The Connaught Hotel, lying at its heart. This in turn created a fashion magnet to some of the worlds luxury brands and restaurants. Mount and South Audley Street, which lie adjacent to each other, is now home to fashion brands such as, Celine, Balenciaga, Christopher Kane, Christian Louboutin, Creed as well as restaurants and clubs such as Scotts, George Club and Harry’s Bar. More of a luxury village in the heart of Mayfair, Mount Street with amenities to suit both tourists and its local residents.
S H E P H E R D M A R K E T
First established as a market in the mid 1700’s, Shepherds Market is still a mix of open squares and small alleys located within the throroughfares of Park Lane, Picadilly and Curzon Street. Hosting some bespoke retailers and individually renowned restaurants and pubs. The latest addition has also become one of London’s most exclusive members clubs, 5 Hertford Street, created by Robin Birley, whos father Mark, was responsible for London’s other famous members clubs, such as Annabel’s.
B O N D S T R E E T
Located in the heart of Mayfair, over 150 luxury global brands are based on Bond Street, including Louis Vuitton, Dior, Ralph Laurent, Graff Channel, Tiffany, Cartier, Burberry amongst various others.
The street is recognised as one of the most prestigious shopping street in the world with a mix of both the finest fashion designers as well as the finest and most prestigious jewellers. Together with Oxford Street and Regent Street, Bond Street is the most vibrant retailing environment in Europe attracting over 200 million visitors per year
B U R L I N G T O N A R C A D E
A world famous shopping arcade, created in 1819 and regularly seeing close to 4 million per year passing through its arches.Hosting various luxury brands such as Chanel, Bell & Ross, Frederic Malle, Manolo Blahnik. The arcade has also become equally well known for the place to buy vintage watches, wit Omega, Watch Club, David Duggan amongst other well known dealers. Often serving tourists crossing from Bond Street to Piccadilly it remains one of London’s most recognised shopping arcades.
NOTABLE RESIDENTS
SOUTH STREET
HAY’S M
EWS
FARM S
TREET
CHESTERFIELD H
ILL
HIL S
TREET
DEANERY STREET
WA
VER
TO
N ST
CHARLES STREET
HAY’S MEW
S
PAR
K ST
REET
REEVES MEWS
SOU
TH
AU
DLEY
STR
EET
SOU
TH
AU
DLEY
STR
EET
TILNEY ST
S TA NHOPE GATE
CURZON STREET
QU
EEN ST
REET C U
RZON
STREET
BERKELEY SQU
ARE
DA
VIES ST
REET
MOUNT STREET
MOUNT STREET
ADAM’S ROW
MOUNT ROW
BERKELEY SQU
ARE
BOURDON PLACE
BOURDON STREET
BRUTON STREET
CLIFFORD STREET
NEW
BON
D ST
OLD
BUR
LING
TO
N ST
REET
SAVILE R
OW
CO
RK
STR
EET SAC
KV
ILLE STR
EET
STRATTO
N STREET
HAY HILL
BERKELEY STREET
OLD
BON
D ST
REET
NEW
BON
D STR
EET
DO
VER
STR
EET
GR
AFT
ON
ST
ALBEM
AR
LE ST
STAFFORD STREET
JERMYN STREET
DU
KE ST
BURY
STR
EET
KING ST
STABLE YA
RD
BRU
TO
N L
AN
E
REX
PLAC
EBA
LFOU
R PLA
CE
HERTORD STREET
DER
BY ST
MARKET MEWS WHITE H
ORSE ST
REET
SHEPHERD STREET
TR
EBECK
ST
CH
ESTER
FIELD ST
HA
LF MO
ON
STREET
CLARG
ES STREET
BOLTO
N STREET
DO
WN
STREET
BRICK ST
HA
MILT
ON
PLAC
E
OLD
PARK
LAN
E
SOUTH CARRIAGE DRIV
E
KNIGHTSBRIDGE
PICCADILLYDUKE OF W
ELLING
TO
N PLA
CE
PAR
K L
AN
E
PARK LA
NE
PAR
K L
AN
E
PARK LA
NE
UPPER GROSVENOR STREET
GROSVENOR STREET
GROSVENOR STREET
PICCADILLY
PICCADIL
LY
REG
ENT
STR
EET
ST JA
MES’S ST
REET
THE MALL
SHEPHERD STREET
GREEN PARK
BERKELEYSQUARE
GARDENS
GROSVENORSQUARE
MOUNT STGARDENS
HYDE PARK
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ARCHESONHOUSE
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SHEPHERD MARKET
SPENCERHOUSE
ROYALACADEMYOF ARTS
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07GREEN PARK
HYDE PARKCORNER
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01. Phillps
02. Lazard & Co
03. Bain Capital
04. Glencore
05. Moore Europe Capital
06. Manchester United
07. Gulf International Bank
08. Seven Energy
09. Ferrexpo
10. The Jet Business
11. Evercore Partners
12. Barclays Bank
13. Blackstone
13. WWP
01. Royal Thai Embassy
02. Royal Embassy of Saudi Arabia
03. Embassy of the State of Qatar
04. Embassy of Panama
05. Bahamas High Commission
06. Eqyptian Cultural Centre
07. Embassy of Mayanmar
08. Embassy of Japan
09. Indian High Commission – Cultural Section
10. Malaysian External Trade Development Corp
11. Embassy of Italy
01. The Dorchester
02. Grosvenor House
03. The Hilton on Park Lane
04. The Lanesborough
05.Claridges
06. The Connaught
07. The Ritz
08.The Athenaeum
09.The Park Lane Mews Hotel
10. The May Fair Hotel
11. The COMO Metropolitan
12. The Stafford
13. Sheraton Grand
14. Intercontinental Park Lane
15. Four Seasons Park Lane
01. Loulou’s
02. Les Ambassadeurs Casino
03. Crockfords
04. The Colony Club
05. The Arts Club
06. Little House Mayfair
07. Cavalry & Guards Club
08. Annabel’s
09. Morton’s Club
10. George
11. Harry’s Bar
12. Mark’s Club
L O C A L O C C U P I E R S H O T E L S
D I P L O M AT I C
M E M B E R S ’ C L U B S
9 M I N S 1 2 M I N S 4 5 M I N S
VictoriaVictoria Line
Green Park
Piccadilly CircusPiccadilly Line
EustonVictoria Line
King’s Cross St. PancrasVictoria Line
London BridgeJubilee Line
Heathrow AirportPiccadilly Line
Liverpool StreetVictoria Line / Central Line
Gatwick AirportVictoria Line / Great Northern train
PaddingtonJubilee Line / Bakerloo Line
WaterlooJubilee Line
5 M I N S 6 M I N S3 M I N S1 M I N
A COSMOPOLITAN BUSINESS HUB
T H E N E I G H B O U R H O O D
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T H E D E T A I L ST H E D E T A I L S
Meticulous Georgian detailingArcheson House offers a rare opportunity to acquire an elegant, spacious office building in one of London’s most desirable neighbourhoods. This Grade II listed property comprises a Georgian townhouse benefiting from unique period features, bright rooms and an ornate central staircase.
The building comprises approximately 4,907 sq ft NIA, 6388.16 sq ft GIA of office building arranged over lower ground, ground and four upper floors.
Internally the accommodation is well configured for office use providing good levels of natural light throughout with sash windows at both north and south elevations, a small Juliet balcony to the rear of the 4th floor, and roof lights to the lower ground and fourth floor accommodation.
AT A GLANCE...
The Specification– Four person passenger lift serving
ground to 4th floors.
– Perimeter heating and cooling.
– Floor to ceiling windows at first floor level.
– Ornate central staircase.
– Single glazed sash windows on all levels.
– Two storage vaults.
– Separate external access to lower ground level.
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LOWER GROUND FLOOR
GROUND FLOOR
Floor plans not to scale. For indicative purposes only.Floor plans not to scale. For indicative purposes only.
FIRST FLOOR
Floor plans not to scale. For indicative purposes only.
T H E D E T A I L S P L A N S A N D S P E C I F I C A T I O N S
AREA NIA SQ FT NIA SQ M GIA SQ FT GIA SQ M IPMS SQ FT IPMS SQ M
Fourth 701 65.11 961.64 89.34 769 71.4
Third 759 70.55 989.20 91.90 793 73.7
Second 741 68.81 963.37 89.50 756 70.2
First 795 73.84 1050.66 97.61 841 78.1
Ground 688 63.92 1066.70 99.10 909 84.4
Lower 1,223 113.65 1356.57 126.03 1172 108.9
Total 4,907 455.88 6388.16 593.48 5,240 486.7
AccommodationPlowman Craven have undertaken a measured survey that accords with the RICS Code of Measuring Practice (6th Edition) and the IPMS 3rd Edition. The gross floor areas have been provided by an alternative source.
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P L A N S A N D S P E C I F I C A T I O N S
Planning/Residential UsePlanning consent was granted on 16th January 2016 for the top floors to be converted. A copy of the planning consent is available from the agents on request.
ADDRESS
FLOOR/SIZE
SQ FT
LEASE
RENT
£/PSF
TIMING
17 Hill St. 3rd: 2,080 New Lease 85 Q2 2018
1 Dover St. 3rd: 2,650 New Lease 85 Q2 2018
7 Clarges St. 1st: 3,498 New Lease 105 Q2 2018
66 St James’s St. 1st: 1,630 New Lease 100 Q2 2018
29 Curzon St. 1st: 1,135 88 Q2 2018
73 Brook St. 2&3rd: 4,620 150 Q4 2017
Leasehold Comparables
ADDRESS
SIZE SQ FT
TENURE
PRICE
£/PSF
YIELD %
DATE
49 Albemarle St. 8,130 Freehold 2,552 3.06 Q2 2018
10 Shepherd Market 2,305 virt f/h 722 yrs uexp
1,952 2.9 Q2 2018
6 Queen St. 4,644 Freehold 2,045 vacant Q2 2018
62-3 Duke St. St James’s
7,805 Freehold 2,375 Pt income producing
pt vacant Q2 2018
11 Upper Grosvenor St. 8,283 LLH 107 years 2,251 10 Q2 2018
10 Grosvenor St. 63,500 LLH 2,393 3.7 Q4 2017
34 St George St. 1,505 Long lease. 1873 years remaining at a peppercorn
3,139 vacant Q2 2017
29 Sackville St. 7,071 Freehold 2,475 vacant Q2 2017
45 Clarges St. 3,175 Freehold 2,362 vacant Q2 2017
Freehold Comparables
Floor plans not to scale. For indicative purposes only.
SECOND FLOOR
THIRD FLOOR
FOURTH FLOOR
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Nicholas MarksD. +44 (0)20 7317 1582
M. +44 (0)7850 258338
www.jamesandrew.co.uk
Paul GoldD. +44 (0)20 7487 9790
M. +44 (0)7958 222 150
www.brahamgood.co.uk
Misrepresentation Act 1967: James Andrew International and Braham Good for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither James Andrew International and Braham Good nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Property Misdescriptions Act 1991: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. Design by Zest Design and Marketing Ltd 0117 950 8445. June 2018 (01916).
ProposalOffers are invited for this valuable freehold interest with the benefit of full vacant possession.
VATThe owners of the property have not elected to waive their exemption to tax the property, therefore VAT will not be payable on the purchase price.
ContactFor further information or to arrange an appointment to view, please contact the joint sole agents:
4 6 H E R T F O R D S T R E E T , M A Y F A I R W 1