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THE DIORAMARegent’s Park

London NW1

17-19 Park Square East

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A rare opportunity to acquire a refurbishment

project providing a combination of open plan

f loorplates and period features, set behind a

s tunning Regency façade

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The Diorama provides a rare opportunity to pursue a wide range of refurbishment options behind a striking period façade.

Any such scheme would benefit from the property’s existing and enduring strengths, which include:

> Internationally recognised trophy location;

> Iconic Regency architecture;

> Double height reception;

> Benefits from Vacant Possession;

> Open plan floorplates totalling 22,156 sq ft (NIA) / 30,677 (GIA) set around an internal atrium, which provides an abundance of natural light;

> Dual access;

> Off-street car parking available;

> Access to private landscaped gardens;

> Offered by way of a new 125 year leasehold interest from The Crown Estate at a peppercorn ground rent;

> Offers are invited for our client’s leasehold interest, subject to contract.

THE OPPORTUNITY

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REGENT’S PARK

Regent’s Park is one of London’s most prestigious addresses, rich in cultural

heritage and offering access to a wealth of lifestyle amenities in neighbouring

Marylebone and Fitzrovia.

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THE LOCATIONLocated on the southern boundary of Regent’s Park, the property occupies no. 17, 18 and 19 Park Square East, a Grade I listed John Nash designed terrace overlooking Park Square. The property benefits from a convenient position adjacent to the northern border of London’s West End, and forms part of the North of Oxford Street sub-market. The immediate area is characterised by an attractive blend of parkland and some of London’s most opulent architecture, including Park Square East and West, Park Crescent to the south and British Land’s Regent’s Place immediately to the east.

Under the Crown Estate’s stewardship, Regent’s Park continues to be one of London’s most prestigious addresses, rich in cultural heritage and offering access to an abundance of lifestyle amenities in neighbouring Marylebone and Fitzrovia.

REGENT’S PARKWidely regarded as the ‘jewel in the crown’ of the Royal Parks. Regent’s Park covers 395 acres and is acclaimed as being a masterpiece in landscape design and town planning.

Prior to Regent’s Park and Park Square’s development in the early 19th Century, the land formed part of King Henry VIII’s 554 acre hunting estate, known as Marylebone Park. London’s rapid expansion during the late 18th Century resulted in Marylebone Park becoming valuable land for development, leading to the construction of properties such as Park Square East.

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Euston Station Regent’s Park

Regent’s Place

The City Great Portland Street

Tottenham Court Road

Harley Street

Soho BBC Broadcasting House

The British Museum

Oxford Street

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OFFICES1. BBC2. BNP PARIBAS3. BALFOUR BEATTY4. SANTANDER5. LEND LEASE6. GAZPROM LTD7. CAPITAL ONE8. DEBENHAMS9. JP MORGAN10. FACEBOOK11. DENTSU AEGIS NETWORK12. FAITHFUL+GOULD13. RICOH EUROPE PLC14. MANCHESTER CITY FOOTBALL CLUB15. PIMCO16. LONDON AND REGIONAL PROPERTIES17. RUBICON PARTNERS18. ARGENTA ASSET MANAGEMENT19. THE QUINTESSENTIALLY GROUP

HOTELS & RESTAURANTS1. THE LANGHAM HOTEL2. THE LANDMARK HOTEL3. DORSET SQUARE HOTEL4. RADISSON BLU EDWARDIAN HOTEL5. DURRANTS HOTEL6. MELIÁ WHITE HOUSE HOTEL7. THE MARYLEBONE HOTEL8. CHILTERN FIREHOUSE

INSTITUTIONS & UNIVERSTITIES1. UNIVERSITY OF WESTMINSTER2. LONDON BUSINESS SCHOOL3. UNIVERSITY COLLEGE LONDON4. ROYAL INSTITUTE OF BRITISH ARCHITECTS5. INSTITUTE OF PHYSICS6. ROYAL COLLEGE OF PHYSICIANS7. ROYAL ACADEMY OF MUSIC8. EMBASSY OF CHINA9. EMBASSY OF POLAND10. EMBASSY OF CROATIA

LOCAL OCCUPIERSThe area’s diverse character is demonstrated in the variety of its business operators. The key micro-locations of Portland Place, Marylebone Road and British Land’s Regent’s Place all housing headquarter premises for a wide range of world-renowned institutions, global corporates and universities; including London Business School, Santander, Balfour Beatty and the Royal Institute of British Architects.

BA

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WIGMORE ST

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MP

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EA

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EVERSH

OLT ST A

4200

PO

RT

LAN

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BLO

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SBU

RY ST

A40

GEORGE ST

TAVISTOCK PL

MARYLEBONE RD

MARYLEBONE RD

EDGW

ARE ROAD

PARK RD

GLO

UC

ES

TE

R P

L

GOODGESTREET

RUSSELLSQUARE

TOTTENHAMCOURT ROAD

OXFORD CIRCUS

BOND STREETMARBLE ARCH

ST. PANCRAS INTERNATIONAL

EUSTON

EUSTONSQUARE

WARRENSTREET

GREAT PORTLANDSTREETREGENT ’S

PARK

BAKER STREET

MARYLEBONE

KING’S CROSS ST. PANCRASLONDON UNDERGROUND

FITZROVIA

MARYLEBONE

SAINT PANCRAS

REGENT’S PARK

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COMMUNICATIONSPark Square East runs in a north-south direction and connects Marylebone Road to the south with the Outer Circle to the north.

Marylebone Road forms one of central London’s key thoroughfares, and represents a continuation of the A40 to the west, connecting the M40 motorway with the City of London.

The property is well served by public transport, with Great Portland Street Underground station (Metropolitan and Hammersmith & City lines) approximately 100 metres to the south-

east and Regent’s Park Underground station (Bakerloo line) just under 160 metres to the south-west. Additional London Underground stations within close proximity include Baker Street (Bakerloo, Hammersmith & City, Circle, Metropolitan and Jubilee Lines), Warren Street (Northern and Victoria lines), and Euston (Northern and Victoria lines).

Furthermore, there are a number of bus routes linking the area to other key central London locations.

Tower Hill

Tower Gateway

Fenchurch Street

Monument

London Bridge

Aldgate

Moorgate

Liverpool Street

Farringdon

CannonStreet

Embankment

Waterloo

Westminster

Charing CrossTemple

Victoria

Bond Street

St James’s Park

Green Park PiccadillyCircus

Leicester Square

Oxford Circus

Covent Garden

Warren Street

GoodgeStreet

Baker Street

Euston

Regent’s ParkStation

Euston Square

TottenhamCourt Road

HolbornChancery

Lane

St Paul’sCity Thameslink

Old Street

Bank

King's CrossSt Pancras

MansionHouse

Blackfriars

Bakerloo

Central

Circle

Elizabeth (Crossrail)

District

DLR

Hammersmith & City

Jubilee

Metropolitan

National Rail

Northern

Piccadilly

Victoria

Waterloo & City

Great PortlandStreet

Tower Hill

Tower Gateway

Fenchurch Street

Monument

London Bridge

Aldgate

Moorgate

Liverpool Street

Farringdon

CannonStreet

Embankment

Waterloo

Westminster

Charing CrossTemple

Victoria

Bond Street

St James’s Park

Green Park PiccadillyCircus

Leicester Square

Oxford Circus

Covent Garden

Warren Street

GoodgeStreet

Baker Street

Euston

Regent’s ParkStation

Euston Square

TottenhamCourt Road

HolbornChancery

Lane

St Paul’sCity Thameslink

Old Street

Bank

King's CrossSt Pancras

MansionHouse

Blackfriars

Bakerloo

Central

Circle

Elizabeth (Crossrail)

District

DLR

Hammersmith & City

Jubilee

Metropolitan

National Rail

Northern

Piccadilly

Victoria

Waterloo & City

Great PortlandStreet

In terms of mainline stations, London Euston and King’s Cross St Pancras are both a short distance away (0.5 miles). Both are major London rail termini used by over 100 million passengers a year, providing services across the UK, as well as Europe via the Eurostar connection at St Pancras International.

The nearby Euston Station is due to benefit from the proposed High Speed 2 (HS2) railway which will link London to Birmingham, Leeds and Manchester.

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THE DIORAMA

Originally built as an early 19th Century Cinerama, the property retains its Regency

façade whilst accommodating office use within its open plan internal layout.

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THE HISTORYThe Diorama was the first venue of its kind to be built in England. Based on the original Diorama, built in Paris by Louis Daguerre in 1822, the Diorama provided a revolutionary theatrical experience, relying on a combination of translucent and opaque colouring, further assisted by lighting effects.

Located behind the John Nash designed stucco façade of 17-19 Park Square East, the property included an auditorium that housed an audience of over 200 spectators.

In 1852 the building was purchased by Sir Samuel William Peto, who extensively remodelled it to be used as a Baptist chapel. The building remained in this use until the 1920’s, and subsequently The Diorama has had a range of uses, including educational, an artists’ co-operative, hospital and, more recently, as offices for the headquarters of The Prince’s Trust.

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DESCRIPTIONConstructed in 1823, the property includes 17, 18 and 19 Park Square East which forms part of a detailed and uniform stucco façade. The three properties are inscribed at roof level with ‘Diorama’ and sit slightly taller than the rest of the terrace. The main entrance to the property is through no.18, providing a grand, double height reception with elegant symmetrical staircases which lead to the first floor. Nos. 17 and 19 sit either side and benefit from their own access as well as internal access from the main entrance in no.18.

Entering from no.18, the property leads into a three storey brick-built polygonal building which extends into Peto Place. A glass roof covers a triple-height central atrium that extends to the lower ground floor, providing excellent natural light to the centre of each of the three open plan floors. The property benefits from a passenger lift, providing access to all three floors.

Parking is available with the property.

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ACCOMMODATIONThe building has been fully measured by Lane & Frankham in accordance with the RICS Code of Measuring Practice (1st Edition) 2015 and provides the following areas:

IPMS 3 – OFFICES ONLY

FLOOR USE NIA SQ FT NIA SQ M GIA SQ FT GIA SQ MThird Office 1,704 158.2 2,566 238.4Second Office 1,097 102.0 1,778 165.2

FirstOffice 5,414 503.0

7,050 655.0Ancillary 104 9.7

Upper Ground Office 5,454 506.7 8,434 783.5Lower Ground Office 5,942 552.0 7,466 693.6

BasementOffice 1,704 158.3

3,383 314.3Ancillary 737 68.5

Total 22,156 2,058.4 30,677 2,850

FLOOR USE NIA SQ FT NIA SQ MThird Office 1,959 182.0Second Office 1,194 110.9First Office 5,709 530.4Upper Ground Office 5,412 502.7Lower Ground Office 6,150 571.4Basement Office 2,799 260.1Total 23,223 2,157.5

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FLOOR PLANS

First Floor Second Floor

Lower Ground FloorBasement

Third Floor

Upper Ground Floor

Office

Ancillary

Core

Lift

Lift

Lightwell

Reception

Lift

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PLANNINGThe property is Grade I listed and located within the London Borough of Camden in the Regent’s Park Conservation Area.

A planning appraisal assessing existing planning policy and potential alternative uses for the building is included on the project website.

TENUREThe property is offered by way of a new 125 year long leasehold interest from The Crown Estate at a peppercorn ground rent.

Boro C

onst, GL A

sly Const & LB

29.6m

28.9m

PETO

PLACE

PA

RK

S QU

ARE EA

ST

ST A NDR EW'S P LACE

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Albany T errace

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1

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17

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1

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NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

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VATThe property is not elected for VAT.

DATA ROOMFor further information please visit the dataroom at:

www.the-diorama.com

PROPOSALOffers are invited for our client’s leasehold interest, subject to contract.

CONTACTFor further information, or to arrange a viewing, please contact:

Barry ManganCommercial Investmentbmangan@savills.com+44 (0) 20 7409 5915

Gary WithamHotel and Institutional Agencygwitham@savills.com+44 (0) 20 7409 9902

Harry BaileyCommercial Investmenthbailey@savills.com+44 (0) 20 7409 8122

Important Notice

Savills and their clients give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644

March 2016

Stephen LindsayResidential Salesslindsay@savills.com+44 (0) 20 3043 3602

Lizzie ParrottResidential Development Landlparrott@savills.com+44 (0) 20 7409 9943

Darren ArnoldResidential Development Landdarnold@savills.com+44 (0) 20 7409 9926

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