philpot lane london ec3
TRANSCRIPT
A RARE OPPORTUNITY TO ACQUIRE A PRIME SELF-CONTAINED HEADQUARTER OFFICE BUILDING
IN THE HEART OF THE CITY OF LONDON
P H I LP OT LAN E
L O N D O N E C 3
INVESTMENT SUMMARY- Freehold
- Prominent Grade II* listed building steeped in history, in the heart of the City of London
- Located within the insurance district 200 metres to the south of the Lloyd’s Building and opposite the iconic 20 Fenchurch Street
- 4,274 sq ft (397 sq m NIA) of offices arranged over basement, ground and three upper floors
- Flexible and efficient open plan floorplates which benefit from excellent natural light
- Full vacant possession available from December 2015
- A new lease for the whole building is available for a term by arrangement
- Potential to refurbish the building and add additional storeys to provide a high quality office building, a boutique hotel or serviced apartments, subject to obtaining necessary consents
LOCATION7-8 Philpot Lane occupies a prime and prominent position on the west side of Philpot Lane, equidistant to the junctions of Fenchurch Street and Eastcheap and directly opposite the internationally renowned Rafael Viñoly designed 20 Fenchurch Street.
Given the property’s proximity to the Lloyd’s Building, The Bank of England, and The London Underwriting Centre the area has long been favoured by major international occupiers from the insurance, financial, professional and corporate sectors. Prominent local occupiers include Accenture, Allianz, Aon, Lloyds Bank, Markel, M&G, Swiss Re, Willis and XL Catlin.
The surrounding area provides a vibrant mix of retail and leisure amenities, with Leadenhall Market and the Royal Exchange are both within a short walk of the property.
COMMUNICATIONSThe property benefits from excellent communications being a short walk from a number of mainline and underground stations including the following:
STATION DISTANCE TIME
Monument 100m 1 min
Fenchurch Street 300m 4 mins
Cannon Street 300m 5 mins
Bank 400m 6 mins
London Bridge 500m 8 mins
Liverpool Street 800m 13 mins
Source: TfL
20 FENCHURCH STREET
30 ST MARY AXE
THE LEADENHALL BUILDING
TOWER 42
BANK OF ENGLAND
BANK STATION CANNON ST.
EASTCHEAP GREAT TOWER ST.
CORNHILL LEADENHALL ST.
MO
ORG
ATE
LOMBARD ST.
FENCHURCH STREET
ALDGATE
HOUNDSDITCH
UPPER THAMES ST.
LOWER THAMES ST.
BAYWARD ST.
TOWER
PRINCES ST.
KING WILLIAM
ST.
THREADNEEDLE ST.
OLD
BRO
AD S
T.
ST M
ARY
AXE
MAR
K LN
.
MIN
CIN
G L
N.
CRUTCHED FRIARS
JEW
RY S
T.
MIDDLESEX ST.
MIN
ORI
ES
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HIN
G L
N.
LLO
YD’S
AV.
ST M
ARY
AT H
ILL
BORO
UG
H H
ILL
ST.
L
ON
DO
N B
RID
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TOOLEY ST.
ST. THOMAS ST.
SOUTHWARK ST.
WAL
BRO
OK
QU
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ST.
QU
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ST.
PARK
ST.
LOTHBURY
LOVA
T LN
.
IDO
L LN
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BOTO
LPH
LN
.
PHI
LPOT
LANE
LONDON WALL LONDON WALL
BEVIS MARKS
GR
ACEC
HURC
H ST
.
BISH
OPS
GATE
BISH
OPS
GATE
LIVERPOOL ST.
LIME ST.
THELEADENHALL
BUILDING
WILISBUILDING
30ST MARY
AXE
TOWER42
ROYALEXCHANGE
BANK OFENGLAND
20FENCHURCHSTREET
LEADENHALLMARKET
LLOYD’SBUILDING
FENCHURCHSTREET
ALDGATE
MONUMENT
BANK
MOORGATE LIVERPOOL STREET
LONDON BRIDGE
LONDON BRIDGECITY PIER
ALDGATE
CANNONSTREET
RIVER THAMES
RIVER THAMES
THE LLOYD’S BUILDING
THE BUILDINGThis attractive Grade II listed building provides regular and efficient open plan office and ancillary accommodation.
The whole building is steeped in history and boasts a unique character, with a number of listed features that have been maintained to include an original feature staircase and the walled “undercroft”, or half-cellar, which was originally built in the 14th Century and is one of the few examples of buildings which survived the Great Fire in 1666. Furthermore, the original 18th Century decorative panelling is still retained on the first and second floors.
7-8 Philpot Lane meets both the requirements of a modern business while also offering a unique opportunity to acquire an established part of the City of London’s rich history.
SPECIFICATION- Self-contained entrance
- 8 Person passenger lift
- Comfort cooling
- Central heating
- Perimeter trunking
- Male and female WC’s
- Shower
- Bicycle storage
- Attractive courtyard setting
- Period features
ACCOMMODATION
FLOOR SQ FT*(NIA) Sq M* (NIA)
3rd 995 92.4
2nd 877 81.5
1st 949 88.2
Ground 683 63.4
Basement 770 71.5
TOTAL 4,274 397
*These floor areas are from the Landlord and their accuracy has not been verified by Bilfinger GVA
1ST FLOOR PLAN 949 SQ FT (88.2 SQ M)
For indicative purposes only, not to scale.
PHILPOT LANE
W/C
N
GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. November 2015
DESIGNED AND PRODUCED BY CRE8TE - 020 3468 5760 - WWW.CRE8TE.LONDON
TENUREThe property is held Freehold under title number (NGL597603).
TENANCYThe property is currently let on a lease which expires in December 2015 outside of the protection of the Landlord and Tenant Act 1954.
PLANNING, DEVELOPMENT AND ALTERNATIVE USESThe property is Grade II* listed and lies within the Eastcheap Conservation Area.
The property would merit consideration for refurbishment, extension and alternative uses to include retail, leisure, a boutique hotel or serviced apartments subject to obtaining the necessary consents.
VATThe property is not elected for VAT purposes.
EPCAn Energy Performance Certificate is available upon request. The building has an F rating of 140.
PROPOSALOffers for the Freehold interest in the building are invited subject to contract.
A new lease direct from the landlord is also available, for a term by arrangement.
LETTINGJAMES HUGHES 020 7911 2587 [email protected]
JEREMY PROSSER 020 7911 2865 [email protected]
AVI ORENSTEIN 020 7911 2632 [email protected]
HATTIE CHARLIER-POOLE 020 7911 2957 [email protected]
VIEWINGStrictly through sole letting agents.
020 7911 2730gva.co.uk /9086
INVESTMENT
Brabant Court
Tanner’s Hall
PHIL
POT
LAN
EBP
2 3
57
910
11
4
The part tinted pink only includes the cellars and rooms over the passageway in the title.The part tinted blue only includes the cellars in the title.