N W 1 DRAFT C A M D E N

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1 T F A R SYMES DWORKS NW1 C A M D E N

2 01 Investment Summary - Rare Freehold property situated in the heart of Camden and a stone s throw from Mornington Crescent Underground Station. - A highly characterful warehouse style building that benefits from exceptional ceiling heights. - Existing Art Gallery and Residential accommodation with potential for alternative uses. - Current floor area totalling 11,456 sq ft GIA. - Scope to add significant floor area via extensions and installing mezzanine levels. - Historic planning permission for approximately 17,000 sq ft GIA office/ residential scheme. - Of interest to owner occupiers, investors and developers. - We are instructed to seek offers in excess of 7,000, Low capital value of 611 psf on the existing Gross Internal Area.

3 02 Of interest to Investors, Developers + Owner Occupiers

4 C A LEDONIAN ROA D 03 R E G E N T S PA R K O U T E R C I R C L E PA R K WAY V I L L A G E E A S T A L B A N Y S T R E E T K E N T I S H T O W N R O A D C A M D E N T O W N C A M D E N H I G H S T R E E T S TA N H O P E S T R E E T C A M D E N R O A D SYMES MEWS P L E N D E R S T R E E T S C A M D E N S T R E E T M O R N I N G T O N C R E S C E N T H A M P S T E A D R O A D WA R R E N S T R E E T C R O W N D A L E R O A D E V E R S H O LT S R E E T S T PA N C R A S WAY 5 M I N U T E E U S T O N S Q U A R E WA L K E U S T O N 1 0 M I N U T E WA L K M I D L A N D R O A D E U S T O N R O A D TAV I S T O C K P L A C E K I N G S C R O S S S T PA N C R A S 1 5 M I N U T E WA L K YO R K WAY N O R T H P E N T O N V I L L E R O A D Location The Property is situated on the corner of Symes Mews and Camden High Street. Camden High Street is a principle route linking two of London s most thriving areas Camden and Kings Cross. Camden is a highly popular office location particularly attractive to London s TMT and Fashion occupiers. It is also world famous for its leisure and retail offering served by iconic music venues, bars and restaurants. Located approximately 0.9km (0.6 miles) to the south east, Kings Cross is London s largest and most successful regeneration project. Covering 134 acres the area is now home to numerous residential and office developments alongside shops, restaurants and a university campus. Kings Cross has attracted global companies including Google and Universal Music. Google have chosen King s Cross to be home to their new 920,000 sq ft UK Headquarters. G R E AT P O R T L A N D S T R E E T

5 04 KOKO, Camden the iconic music venue. Greater London House ASOS HQ.

6 05 Local Amenities & Transport Links The Property benefits from excellent transport links. Mornington Crescent Station is located a stone s throw away providing direct links to London Euston and King s Cross St Pancras via the Northern Line. Camden Road train station is a short walk away and provides direct links to Stratford via the London Overground. King s Cross St Pancras is served by six Underground lines, two National Rail Stations and the Eurostar service which provides access to Paris and Brussels. STATION DISTANCE WALKING TIMES Mornington Crescent 0.1 miles 2 minutes Camden Town 0.3 miles 7 minutes Camden Road 0.5 miles 10 minutes BARS,RESTAURANTS & NIGHTCLUBS 1 La Patagonia 2 Band of Burgers 3 BYOC Camden 4 The Lyttelton Arms 5 Leyas 6 Pret A Manger 8 9 S Y M E S M E W S S M O R N I N G T O N C R E S C E N T 7 Cobden Arms 8 Be At One Camden 9 The Beatrice 10 KOKO Camden 11 Inamo 12 Camden Bakery C A M D E N H I G H S T R E E T 3 M O R N I N G T O N C R E S C E N T H U R D W I C K P L A C E OCCUPIERS 13 ASOS HQ 14 Y&R London 15 Revlon International 16 Camden Town Library 4 10 E V E R S H O T S T R E E T 16 B AY H A M S T R E E T B AY H A M P L A C E C R O W N D A L E R O A D

7 06 The Property is prominently situated directly to the rear of a parade of buildings between 15 Camden High Street and the junction of Symes Mews and can be accessed via an entrance on Symes Mews and via a gated passageway from the High Street. Existing Building The highly characterful property has most recently been operated as an Art Gallery (D1 Use). The space is very unique benefitting from an abundance of natural light, fantastic ceiling heights and a private courtyard. Existing Accommodation The property is currently used as an Art Gallery under D1 use. We have been provided with the following floor areas: FLOOR GIA (SQ FT) GIA (SQ M) Ground 5, First 3, Second 2, TOTAL 11,456 1,063.3 Site Plan

8 07 Existing Floor Plans Second Floor First Floor Ground Floor C A M D E N H I G H S T R E E T C A M D E N H I G H S T R E E T S Y M E S M E W S S Y M E S M E W S S Y M E S M E W S C A M D E N H I G H S T R E E T

9 08 Tenure The Property is held Freehold. Tenancy The property is to be sold with the following tenancy profile; - Tenant - CTU Community Project - Passing Rent - 50 per week + VAT - Term One Year from the Term Commencement Date, 1st January Option to Determine One-month notice Development / Asset Management Potential The Property has most recently been occupied by an Art Gallery predominantly under D1 Use. The Property has a history of a number of different uses (A1, B1 and C3) and has great potential to significantly increase the floor area through extensions and installing mezzanine levels subject to obtaining necessary planning permissions. The Property is located within the London Borough of Camden and is not Listed.

10 (2012 Renewal) Planning Permission Renewal of Full Planning Permission was granted on 6 April 2012 (reference 2011/3764/P), for alterations and extensions including the addition of a second floor extension and a full height side extension, in association with the change of use from a film studio, workshop (Class B1) and a tattoo parlour (Class A1) to an art gallery (Class D1) and 2 x self-contained studio flats (Class C3). (Renewal of 2008 permission reference 2008/0931/P) 2007 Planning Permission (Lapsed) Full Planning Permission was granted on 11 June 2007 (reference 2007/1271/P), for a change of use from tattoo parlour (Class A1) to offices (Class B1) at ground level including minor alterations to existing facades and the demolition of existing wc block and glazed structure. Erection of a 1 and 2 storey roof extension, to provide additional offices (Class B1) and three self-contained flats (Class C3).

11 10 Investment Market Demand for vacant and short term income Freehold buildings has remained strong across Central London. The forefront of this market comprises Owner Occupiers and Serviced Office Operators. This Property is likely to be of interest to both as it will appear as a blank canvas giving both Occupiers and Operators the ability to create a bespoke offering. A schedule of the most recent and comparable transactions is provided below: DATE PROPERTY TENANCY Q Q Q Q Chalton Street, NW Kentish Town Road, NW1 York House, Pentonville Road, N1 Old Sorting House, Essex Road N1 Vacant Possession Multi let Investment Vacant Possession Vacant Possession PRICE ( ) PRICE (PSF) 13,350, ,300, ,250, ,000, psf (Existing GIA) 687psf (proposed NIA) Occupational Market The Property would also command interest from investors / developers alike who may look to enhance the buildings income potential through refurbishment and/or explore alternative uses (Office/Residential/Leisure). A schedule of the most recent and comparable office lettings is provided below: DATE PROPERTY RENT (PSF) SIZE Q Albert Street, NW ,339 sq ft Q Rochester Place, NW ,732 sq ft Q Utophia Village, NW ,905 sq ft COMMENTS Fitted out warehouse style office Self-contained mews building Refurbished mews development Q Eversholt Street, NW ,162 sq ft Refurbished office.

12 11 Price We are instructed to seek offers in excess of 7,000,000 (Seven Million Pounds) subject to contract and exclusive of VAT, which reflects a low capital value of 611 per sq ft. Further Information For further information please contact: ADS REAL ESTATE ADVISORS Dom Sidoli dom@adsre.co.uk George Collins george@adsre.co.uk ADS Real Estate Advisors 6 Brook Street London W1S 1BB ROBERT IRVING BURNS Damien Field damien@rib.co.uk Ben Blausten ben@rib.co.uk Robert Irving Burns Margaret Street London W1W 8LF Disclaimer: ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that: 1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. April 2018