22 KING STREET St James’s London SW1

A rare prime freehold opportunity in the heart of St James’s

» Rare freehold;

» Prime St James’s opportunity available with immediate vacant possession;

» Impressive Grade II listed office building. 22 King Street comprises a Georgian townhouse with a rear modern extension, developed around 2001, which provides four floors of Grade A office accommodation;

» The building provides a total of 10,861 sq ft (NIA) of office accommodation arranged over lower ground, ground and four upper floors, with a small basement storage area;

» Of interest to owner occupiers, investors and developers;

» Potential to explore various asset management opportunities including the refurbishment of the existing office space and extending the building (subject to planning);

» Offers are invited in excess of £18,250,000 which reflects a low capital value of £1,680 per sq ft (NIA).

Investment summary

22 KING STREET St James’s London SW1

1

22 King Street, St James’sSt James’s Square St James’s ParkWaterloo Place St James’s Palace

32

HistoryThe development of St James’s began in the 17th Century when King Charles II granted Henry Jermyn a Freehold over what was formerly parkland. Jermyn designed the area with a distinctive grid system of streets with the central focus on St James’s Square. One of the major streets in this new grid layout was King Street, which was named in honour of King Charles II. The area immediately became one of London’s most prestigious locations due to its proximity to St James’s Palace, the main London residence of the Sovereign from 1698.

TodayToday, St James’s sits at the heart of London’s West End, and remains one of its most distinguished locations. The area provides a unique array of top quality restaurants and hotels, including The Wolseley and The Ritz, alongside its world famous private members’ clubs. To the north and east St James’s is bordered by Mayfair and Soho, to the south and west lie the green spaces of The Royal Parks.

King Street is home to Christie’s, the world famous auction house founded in 1766. The presence of Christie’s has helped to attract a community of internationally respected art galleries to St James’s.

Although St James’s is renowned for its heritage and history, the area has welcomed the addition of several modern developments to reinforce its reputation as the most desirable office market in the West End. This has helped to attract some of the world’s most prominent businesses including BP, Anglo American, Rio Tinto, Temasek, Permira, GAM and The Carlyle Group.

The Crown Estate’s Vision for St James’sThe Crown Estate owns around 50 per cent of the buildings in St James’s. As a sign of their long term commitment to St James’s, the Estate will invest a minimum of £500m in the built environment across a ten year period. This investment will:

• Enable the delivery of over 500,000 sq ft of newly developed and refurbished office space thereby enhancing St James’s reputation as a successful and distinct sector of the West End office market. An example of this is the impressive 260,000 sq ft St James’s Market development;

• Enhance St James’s position as a stimulating and eclectic shopping and dining destination;

• Significantly improve the area’s public realm through the introduction of new crossings, wider footways and redressing the balance between pedestrians and vehicles.

www.thecrownestate.co.uk/media/5420/st_james_s_vision.pdf

SituationThe property is situated on the southern side of King Street opposite the junction with Bury Street. King Street connects with St James’s Square to the east and St James’s Street to the west. The property provides frontage to King Street and sits above a retail parade fronting Crown Passage.

9.1m

11.9m

LB

KING STREET

PALL

Angel Court

MALL

STJAMES'S

STREET

Crown Passage

Roseand

CrownYard

PlacePickering

r Court

66

1

16

65

10

54

38

22

71

68

Bank Buildings

65

69

2

50

37

70

3838

21

3

2364

8

16

10

9

21

25

5

24

21

29

37

10

52

5

2

21

64

2

5 2

PH

17

20

PH

10

73

67a

84

1

458

3

43

56

72

59

Carlton Club

46

1

55

3

57

19

68

78

62

1

El Sub S

Ban

20

40

18

7 to 9

15

15to

17

3

20

26to28

Almack House

67

0m 10m 20m 30m

Ordnance Survey © Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:878

History and Today Today, St James’s sits at the heart of London’s West End, and remains one of its most

distinguished locations.

4 5

PICCADILLY

PICCADILLY

JERMYN STREET

ST JAMES’S STREET

REGENT STREETST JAM

ES’S

HAYMARKET

SUFFOLK STREET

WHITCOM

B STREET

STREETW

HITCOMB

DUKE STREET ST JAMES’S

BURY STREET

DUKE OF YO

RK STREET

WATERLO

O

PLACE

ST JAMES’S SQUARE

ST JAMES’S PLACE

ST JAMES’S SQUARE

PALL MALLPALL MALL

PALL MALL PALL MALL EAST

ALBEMALE STREET O

LD BOND STREET

SACKVILLE STREET

SWALLOW

STREET

BURLINGTON GARDENS

DOVER STREET

BERKELEY STREET

JERMYN STREET JERMYN STREET

ORANGE STREET

CHARLES II STREET CHARLES II STREET

KING STREET

RYDER STREET

RYDER STREET

REGENT STREET

St James’s ownership

Extremely rare opportunity to acquire a freehold St James’s buildingThe vast majority of commercial property in St James’s is owned freehold by the Crown Estate and a collection of Ultra High Net Worth investors, who are strategic long term holders. This sale affords a purchaser with the rare opportunity to own a freehold building in this prestigious West End location.

23 King StreetWheelock Properties | £116m £2,573 CV psf (2016)

22 King StreetAvailable | £1,680 CV psf (2017) ERV £87.00 psf

28 King StreetPonte Gadea | £232m £2,381 CV psf (2016)

36-39 Pall MallArmy & Navy Club | Owner occupier

7-8 St James’s SquarePansy Ho | £213m

£3,425 CV psf (2017)

11-12 St James’s SquareChinese Estates | £175m

£2,112 CV psf (2017)

50 Pall MallZenith Property Developments

48 Pall MallREM

45 Pall MallM1 Real Estate

55-58 Pall MallPKS Immobilen

2-4 King StreetF&C

14 St James’s SquareThe London Library | Owner occupier

10 St James’s SquareChatham House | Owner occupier

30-35 Pall Mall 22 St James’s Square

Motcomb

1 St James’s SquareBP | Owner occupier

20 St James’s SquareThreadneedle | £120m

(2015)

16 St James’s SquareEast India Club | Owner occupier

150 PiccadillyThe Ritz | Owner occupier

63-65 PiccadillyPrivate | £52m £2,965 CV psf (2017)

181 PiccadillyFortnum & Mason (LLH) Owner occupier

6 St James’s SquarePonte Gadea | £262m

£2,151 psf (2014)

18-22 HaymarketQatari Private | £65m

£2,515 CV psf (2015)

33 St James’s SquarePrivate

31 St James’s SquareSakria Investments

53-54 Pall MallSedra Investments & Wafra Investments

78 St James’s StreetSofaz | (LLH)

3 St James’s SquareJoint Treasure | £135m

£2,609 CV psf (2017)

Long-term ownership/owner occupied

Recently Traded

The Crown Estate Freehold

22 King Street

Rents psf

Key

For SaleOffers are invited in excess of £18,250,000

N

Note: Map is not to scale, for indicative purposes only6 7

£125

£130£117

£97

£188

£100

£110

£105

£160

£115

£116

8 9

Amenities

Wine and Dine1 Wiltons2 The Avenue3 The Wolseley4 Le Caprice5 Café Murano6 Bilbao Berria7 Boulestin8 Cecconi’s9 Chutney Mary10 Franco’s11 Hakkasan12 Nobu13 Rowley’s14 Sake No Hana15 45 Jermyn Street16 Sexy Fish17 Quaglino’s18 St James’s Market

Culture19 Clarence House20 ICA21 Royal Academy of Art22 St James’s Palace23 Christie’s24 Grosvenor Gallery25 Martyn Gregory26 Whitford Fine Art27 Theatre Royal Haymarket28 Her Majesty’s Theatre29 Jermyn Street Theatre30 Criterion Theatre31 White Cube Mason’s Yard32 BAFTA33 Sotheby’s

Retail34 Berry Bros. & Rudd35 Fortnum & Mason36 Lock & Co Hatters37 Paxton & Whitfield38 Dunhill39 Turnbull & Asser40 Thomas Pink41 DAKS42 Harvie & Hudson43 Chanel44 De Beers45 Cartier46 Dolce and Gabbana47 Burberry48 Louis Vuitton49 Ralph Lauren50 Gucci51 Prada52 Emporio Armani

Hotels53 Brown’s54 The Cavendish55 Le Meridien56 The May Fair57 The Ritz58 The Stafford59 Claridge’s 60 The Connaught61 The Westbury62 Park Lane Hotel63 Ham Yard Hotel

Clubs64 Boodle’s65 East India Club66 RAC (The Royal

Automobile Club)67 Reform Club68 White’s Club69 The Athenaeum Club70 Naval & Military Club71 The Mayfair Club72 The Oxford and

Cambridge Club73 The Royal Over Seas

League74 The Travellers Club75 The Arts Club76 Annabel’s77 5 Hertford Street

Occupiers78 BP79 Rio Tinto80 McKinsey81 Apax Partners82 Carlyle83 HSBC84 Citi85 Anglo American86 J O Hambro87 Rolex88 KKR89 Temasek90 Warburg Pincus & Co91 Rothschild Foundation92 Blackstone93 GAM94 B A E Systems95 Credit Suisse96 Artemis Investment97 Permira Advisers

Note: Map is not to scale

ALBANY ROAD

DUNTA

N RO

AD

ROLLS ROAD

TRAFALGAR AVENU

E

ABBEY STREET

UNION STREET

BAYL

IS R

OAD

T H

E CU

T

THE MALL

CONSTITUTION HILL

BIRDCAGE WALK

HO

RSE GUARDS ROAD

HORSEFERRY ROAD

OAKLEY STREET

ROYAL H

OSPITAL R

OAD

BEAUCHAMP PLACE PONT STREE T

THE

RING

VAL LAN

CE ROAD NEW

ROAD CANNO

N STEET ROAD

BRICK LANE

CHEA PSIDE

SEYMO

UR PLACE

CRAVEN ROAD

QU

EENSW

AY

INVERN

ESS TERRACE

PORCHESTER RD

OLD BETHNAL GREEN ROAD

GOSSET STREET

COLUMBIA RD

SCLATER STREET CHESHIRE STREET

BURN

HILL RO

W

SKINNER STREET

JUDD ST HUNTER ST

LISSON GROVE

BAYSWATER ROAD

KENSIN

GTON

CHU

RCH STR

EET

SLOAN

E STREET

KENSINGTON ROAD

KENSINGTON HIGH STREET

KING’S ROAD

CHELSEA BRIDGE ROAD

BUCKINGHAM GATE

PIMLICO ROAD

VICTORIA STREET

LAMBETH BR

WESTMINSTER BRIDGE

LOWER THAMES STR EET

UPPER THAMES STREET

VICTORIA EMBANKMENT

VICT

ORI

A EM

BAN

KMEN

T

BISH

OPS

GATE

NOR

TON

FOLG

ATE

LON

DON

BRI

DGE

WATERLOO ROAD

WATERLOO BRIDGE

BOROUGH ROAD

KENN

INGTO

N RO

AD

LAMBETH ROAD

GEORGE’S ROAD

BRI

DGE

ROAD

SO

UTH

WAR

K BR

IDGE

BORO

UGH

HIGH

LONG LANE

SOUTHWARK PARK ROAD

JAMAICA ROAD

DRUID ST

BLACKFRIARS BRIDGE BLACKFRIARS ROAD

FARRINGD

ON

STREET

FARRINGDO

N RD

GOSW

ELL ROAD

ALDERSGATE STREET

HOLBORN VIADUCT

OLD STREET

CLERKENWELL ROAD

MO

ORG

ATE

CITY ROAD

BEVIS MARKS

LONDON WALL

MIN

ORIES

HOUNDSDITCH

MIL

LBAN

K

ABINGDO

N STREET

WH

ITEHALL

STRAND FLEET ST F

ETTER LANE

STRAND

HIGH HOLBO RN

HIGH HOLBORN

GRAY’S INN ROAD

ROSE

BURY

AVE

TAVISTOCK SQUARE

PALL MALL

WIGMORE STREET

OXFORD STREET

OXFORD STREET

BISHOPS BRIDGE ROAD

WESTB

OURNE GROVE

PRAED STREET

CHEPSTO

W RO

AD

HARROW ROAD

HARROW ROAD

WALW

ORTH ROAD

GREAT DOVER STREET

GRANGE ROADA

BERMO

NDSEY ST

TOOLEY STREET

SOUTHWARK STREET STREETSTAMFORD ROAD

ALBE

RT E

MBA

NKM

ENT

CAM

BRID

GE H

EATH

RO

AD

HACK

NEY

ROAD

BETHNAL GREEN ROAD

EAST

ROA

D

ROSEBURY AVENUE

FARRING

DO

N R

OAD

LADBROKE GROVE

LADBROKE GROVE

PORTOBELLO ROAD

HOLLAND PARK AVENUE

HOLLAND ROAD WARWICK ROAD

LILLE ROAD

OLD BROMPTON ROAD

LILLE ROAD

FULH

AM ROAD

K

NIGHTSBRIDGE

BROMPT ON ROAD

CROMWELL ROAD

KENNINGTON LANE

KENNINGTON LANE

VAUXHALL BRIDGE

VAUXHALL BRIDGE ROAD

GROSVENO

R PLACE

EDITH GROVE

REDCLIFFE GARDENS

EARL’S COURT ROAD

GROSVENOR ROADKE

NNIN

GTON

PARK

ROA

D

HARLEYFORD ROAD

OLD KENT ROAD

OLD KENT ROAD

NEW KENT ROAD

TOW

ER B

RIDG

E RO

AD

T

OW

ER B

RIDG

E

COM

MERCIAL STREET

LEMAN STREET

EAST SMI THFIELD

MAN

SELL STREET

EDGEWARE ROAD

EDGEWARE ROAD

PARK LANE

BAYSWATER ROAD

SUSSEX GARDENS

PARK LANE

WESTWAY

CHELSEA EMBANKMENT

FINBOUGH R

OAD

WARWICK ROAD

COMMERCIAL STREET

OLD STREET

CITY ROAD

EUSTON ROAD

MARYLEBONE ROAD

GOSWELL ROAD

SWINTON ST

PARK ROAD BAKER STREET

ST JOHN’S W

OOD ROAD

GLOU

CESTER PL

A

D D ISON RD WARWICK GDNS

TALGARTH ROAD WEST CROMWELL ROAD

ELGIN AVENUE

SUTHERLAND AVENUE

WESTWAY

QU

EEN’S GATE

SLOANE AVENUE

HAMMERSMITH ROAD

DRAYTON GARDENS

REGENT STREET HAYMAR

K ET

PICCADILLY

PICCADILLY JERMYN STREET

OLD BOND ST

DOVER STREET

BRUTON ST

CONDUIT

ST

CURZON STREET

DAVIES STREET

MOUNT STREET

WARDOUR STREET

BREWER ST

NEW BOND STREET

ST JAMES’S ST

GROSVENOR STREET

BROOK STREET

SOUTH

AUDLEY STREET

BERKELEYSQUARE

ST JAMES’SSQUARE

KING STREET

SAVILE ROW

CHARIN

G CROSS RO

AD

SHAF

TESB

URY AVE

REGENT STREET

HENRIETTA PLACE

RoyalOak

WarwickAvenuie

MaidaVale

WestbournePark

LadbrokeGrove

LatimerRoad

Paddington

EdgewareRoad

EdgewareRoad

BakerStreet

MarbleArch

BondStreet

GreenPark

PiccadillyCircus

OxfordCircus

TottenhamCourt Road

GoodgeStreet

PortlandStreetRegent’s

Park

WarrenStreet Euston

Square

RussellSquare

Farringdon

King’s CrossSt. Pancrass

Barbican

Moorgate

LiverpoolStreet

OldStreet

Bank

MansionHouse

Waterloo

LondonBridge

WaterlooEast

Southwark

CannonStreet

MonumentTower

Hill

Wapping

BethnalGreen

ShoreditchHigh Street

BethnalGreen

Bermondsey

SouthBermondsey

Kennington

Elephant& Castle

Borough

LambethNorth

Oval

Vauxhall

WestBrompton

WestKensington

Earl’sCourt

BaronsCourt

GloucesterRoad

SouthKensington

SloaneSquare

Victoria

Whitechapel

AlgateEast

Algate

Shadwell

Tower Gateway

FenchurchStreet

St Paul’s

Blackfriars

Blackfriars

CharingCross

Temple

CoventGarden

LeicesterSquare

Holborn

ChanceryLane

Knightsbridge

St James’sPark

Westminster

Pimlico

LancasterGate

Queensway

Notting HillGate

HollandPark

High StreetKensington

Bayswater

Marylebone

Euston

ShepherdsBush

KensingtonOlympia

HYDE PARK

MARBLEARCH

BATTERSEA PARK

BROMPTONCEMETERY

REGENT’S PARK

KENNINGTONPARK

SOUTHWARKPARK

WEAVERSFIELDS

CORAM’SFIELDS

THEOVAL

LORDS

THEHOUSES OF

PARLIAMENTWESTMINSTER

ABBEY

ADMIRALITYARCH

ROYAL ACADEMY OF ARTS

TRAFALGARSQUARE

STPAUL’S

CATHEDRAL

TOWEROF LONDON

BATTERSEA POWER STATION

BROMPTON

CHELSEAFC

LONDONEYE

ROYALHOSPITAL

ROYALALBERT HALL

KENSINGTON GARDENS

HOLLANDPARK

ROUND POND

BUCKINGHAMPALACE

LAMBETHPALACE

GREEN PARK

ST JAMES’S PARK

MAYFAIR

SOHO

COVENTGARDEN

SOUTHWARK

CITY

SPITALFIELDS

WHITECHAPEL

CLERKENWELL

MARYLEBONE

PADDINGTON

KENSINGTON

KNIGHTSBRIDGE

BELGRAVIA

WESTMINSTER

ST JAMES’S

LAMBETH

PIMLICO

VAUXHALL

CHELSEA

Embankment

Hyde ParkCorner

1

517

10

14

13

15

6

18

4

811

16

12

9

2

7

19

22

20

21

2324

25

26

28

30

31

32

33

34

35

36

3738

39

40

41

43

4445

46

47

52

48

49

5051

42

53

54

55

56

57

59

58

60

61

62

63

65

66

67

68

69

70

71

7273

74

75

77

78

79

80

8182

83

92

93

94

95

96

9784

8586

87

888990

91

76

64

29

27

3

N

1110

22 King Street comprises a Georgian period building fronting King Street with a modern office extension to the rear constructed around 2001. The two sections interconnect via an impressive triple height glazed roof atrium. As a result the building provides an occupier with the combination of impressive period offices and meeting rooms in the front section and open plan Grade A offices to the rear.

The property benefits from side frontage to Crown Passage including four retail units – 6, 7, 8 and 9 Crown Passage. These retail units have been sold off on a separate Long Leasehold interest.

Around 2001 a major refurbishment scheme was undertaken. The original Grade II listed building fronting King Street was retained and the rear section was redeveloped to provide a new steel framed office building. We understand that the original facades of 6 and 7 Crown Passage were retained and that new facades for 8 and 9 Crown Passage were rebuilt in a traditional style.

The modern rear section provides four floors of Grade A office space, above the Crown Passage retail units.

The previous occupier has fitted out one of these floors with client entertaining facilities, meeting rooms and a catering area.

The central atrium links the period and modern sections and contains a single, 13 person lift.

Description

Specification• Attractive reception area

• Impressive glazed atrium

• Excellent natural light

• One x 13 person passenger lift

• Dedicated male and female WCs

The rear offices benefit from the following specification:

• Suspended ceilings

• Fully raised floors

• VRF air conditioning system

12 13

The property has been measured by Plowman Craven in accordance with both the RICS Code of Measuring Practice (6th Edition) providing Net Internal Areas, Gross Internal Areas and the RICS Property Measurement (1st Edition) providing IPMS: Office Buildings measurements. The full measured survey is available on the data site and is assignable to the Purchaser.

Net Internal Areas Gross Internal Areas IPMS 3 Areas

Floor Use (sq m) (sq ft) (sq m) (sq ft) (sq m) (sq ft)

4th Office 47.1 507 56.7 610 53.2 573

3rd Front Office 52.6 566

204.4 2,200 159.6 1,7183rd Rear

Office 96.3 1,037

Atrium Base 5.9 64

2nd Front Office 49 527

303.3 3,265 249.4 2,6842nd Rear

Office 185.6 1,998

Atrium Base 9.8 105

1st Front Office 48.5 522

316.1 3,402 265.4 2,8561st Rear

Office 202.2 2,176

Atrium Base 9.1 98

GroundOffice 211.7 2,279

361.7 3,893 272.5 2,933Reception 54.5 587

Lower Ground Office 35.6 38376.1 819 46 495

Storage 1.1 12

Total 1,009 10,861 1,318.30 14,189 1,046.10 11,259

Kitchen

Meeting Room

Meeting Room

Meeting Room

Office

OfficeOfficeOffice

Office OfficeBreakout

Area

BreakoutArea

Office

LiftLiftLift

Void

Void

Void

OfficeOffice

Reception

Cellar

Ground Floor First Floor Second Floor Third Floor Fourth FloorBasement 2

Basement 1 Lift

= Reduced headroom below 1.5m / 5'0

= Demountable partitions

= Skylight

NKitchen

Meeting Room

Meeting Room

Meeting Room

Office

OfficeOfficeOffice

Office OfficeBreakout

Area

BreakoutArea

Office

LiftLiftLift

Void

Void

Void

OfficeOffice

Reception

Cellar

Ground Floor First Floor Second Floor Third Floor Fourth FloorBasement 2

Basement 1 Lift

= Reduced headroom below 1.5m / 5'0

= Demountable partitions

= Skylight

Kitchen

Meeting Room

Meeting Room

Meeting Room

Office

OfficeOfficeOffice

Office OfficeBreakout

Area

BreakoutArea

Office

LiftLiftLift

Void

Void

Void

OfficeOffice

Reception

Cellar

Ground Floor First Floor Second Floor Third Floor Fourth FloorBasement 2

Basement 1 Lift

= Reduced headroom below 1.5m / 5'0

= Demountable partitions

= Skylight

Accommodation

14 15

West End Occupational MarketTogether with Mayfair, St James’s continues to be the prime office location in London and has consistently achieved some of the highest office rents in the world. Recent deals have included major lettings to The Carlyle Group, GB Gas Holdings, Onex and Waverton. The market continues to experience constrained supply which continues to put upward pressure on office rents.

Investment MarketDemand for Central London investment opportunities, particularly in the Core West End, remains robust. Investors are attracted in particular by the market’s long term performance. International demand is particularly strong for the West End, given the volatility in global currency markets.

Set against the backdrop of low interest rates around the world, the relative return on Core West End looks very attractive, in particular the spread of prime Central London yields over 10 year GILTs.

Demand for vacant freehold property in West End locations remains unprecedented. Demand from owner occupiers has strengthened over the last three years and continues to do so in light of the recent changes to Lease Accounting Standards.

Comparable transactions

Date Address Tenant Size (sq ft) Floor Term Rent (psf)

Oct 17 48 Pall Mall 8 Advisory 3,273 7th 10 years £115.00

Aug-17 15 King Street Equinox Fitness 1,500 1st 5 years £102.50

Jul-17 8 St James’s Square Onex 11,055 3rd 10 years £135.00

Jun 17 8 St James’s Square Gemcorp 10,267 2nd 10 years £125.00

Jun-17 3 St James’s Square Aegila 2,200 2nd (Front) 15 years £115.00

Jun-17 Stirling Square, 5-7 Carlton Gardens GB Gas Holdings 14,269 2nd 10 years £118.00

May-17 2 St James’s Market Stepstone Group 7,260 7th 10 years £105.00

Mar-17 5 St James’s Square Laurence Stoll 4,000 1st & Part Ground 10 years £190.00 (1st)

£125.00 (Part ground)

Jan-17 55 St James’s Street AlbaCore 4,684 2nd 10 years £115.00

Jan 17 16 St James’s Street Eisler Capital 7,234 2nd 12 years £105.00

Dec 16 3 St James’s Square Riverstone Europe LLP 2,200 5th 10 years £117.50

Nov 16 25-26 Bury Street Asset Value Investors 1,410 5th 10 years £115.00

Address Tenure Price Capital Value (psf)

29 Sackville Street, W1 FH £17.55m £2,482

45 Clarges Street, W1 FH £7.5m £2,362

33 Grosvenor Street, W1

LLH (10% gearing) £30.0m £2,623

69 Grosvenor Street, W1

LLH (10% gearing) £35.0m £2,404

20 St James’s Square, SW1 FH £32.50m £2,570

27 Berkeley Square, W1 LLH (10% gearing) £22.86m £3,783

6 Grafton Street, W1 FH £36.0m £2,719

22 Kings Street,SW1 FH Quoting

£18.25m

Capital Value Quoting £1,680

Recent Letting Transactions

Market Commentary Together with Mayfair, St James’s continues to be

the prime office location in London and has consistently achieved some of the highest

office rents in the world.

16 17

22 King Street is held Freehold over five separate titles.

The retail units at 6-9 Crown Passage are included in the freehold ownership but have been sold off on a 999 year long leasehold interest at a peppercorn rent.

London Power Networks have a long lease relating to the electricity transformer chamber in the basement.

The adjoining building to the rear, Quadrant House, benefits from a deed of easement relating to the rear fire escapes.

VATThe property has been elected for VAT.

Data roomAn electronic data room can be found at http://22kingstreet.gva.co.uk. Login details are available on request.

Building Survey A full Technical Due Diligence Report and Vendor Survey is available via the marketing data site which provides more detailed information.

Planning The property is Grade II Listed and is located within the St James’s Conservation Area.

GVA’s Planning department have produced an indicative planning study which explores the possibility of changing the use and increasing the massing of the building. The report finds that changing the use to residential or alternative commercial uses is likely to be looked upon favourably by Westminster City Council. The full report is available in the data site.

Tenure Further information

18 19

GVA and Cushman & Wakefield hereby give notice that the information provided in this brochure is provided on the following conditions:(1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract.(2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.

(3) No person in the employment of GVA or Cushman & Wakefield, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure.(4) All prices quoted are exclusive of VAT.(5) GVA or Cushman & Wakefield shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA or Cushman & Wakefield. October 2017.Designed by S-Kape www.s-kapedesign.com

Offers are invited in excess of £18,250,000 which reflects a capital value of £1,680 per sq ft (NIA).

Investor Rationale• Opportunity to generate attractive investment returns• Suitable for immediate owner occupation• Potential for change of use and extension (subject to planning)

For further information or to arrange an inspection please contact:

Justin James T +44 (0)20 7911 2678 E justin.james@gva.co.uk

Christopher Strong T +44 (0)20 7911 2080 E christopher.strong@gva.co.uk

James Hall T +44 (0)20 7911 2328 E james.hall@gva.co.uk

Fergus Keane T +44 (0)20 7152 5474 E fergus.keane@cushwake.com

Tom Coleby T +44 (0)20 7152 5688 E tom.coleby@cushwake.com

Graham Harding T +44 (0)20 7152 5756 E graham.harding@cushwake.com

Proposal

Contact

20