298˜304 egent ar oad - amazon web...

298-304 REGENTS PARK ROAD

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SUMMARY

Significant residential and / or commercial development opportunity located in Finchley, North London

_

Site extending to approximately 0.7 hectares (1.74 acres) _

Prior approval secured for conversion of existing office buildings to provide 130 private apartments extending to 5,725

sq m (61,624 sq ft) NSA _

Scope for comprehensive redevelopment of the site, subject to the necessary consents:

A conceptual scheme demonstrating capacity for 397 apartments extending to 21,072 sq m (226,819 sq ft) NSA, as

part of a residential-led redevelopment

Potential for a commercial scheme providing 24,037 sq m (258,732 sq ft) of office accommodation, with an ERV in excess

of £7.75m and a conservative GDV of £130m _

Excellent transport connections being approximately 300 metres from Finchley Central London Underground Station

_

Existing office buildings of approximately 6,091 sq m (65,559 sq ft) NIA and 7,469 sq m (80,394 sq ft) GIA

_

Current passing rent of £1,259,298 per annum with an ERV of £1,802,873 per annum

_

For sale freehold subject to the existing leases

Significant Freehold Investment / Development Opportunity In The Heart of

Finchley, North London


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location

298-304 Regents Park Road is located in the heart of Finchley, North London, in the London Borough of Barnet. The Property is approximately 10km (6 miles) from the West End and 11km (7 miles) north west of the City of London. To the south are the areas of Hampstead Garden Suburb and Golders Green, to the west Hendon, to the north Mill Hill and Whetstone and to the east are East Finchley and Muswell Hill.

Finchley is a town centre that is the heart of the surrounding suburbs. It provides an extensive retail offer, with a Tesco Superstore and Waitrose, as well as convenience retailers for day-to-day essentials, with a selection of bakeries, pharmacies, opticians and banks. There is an array of independent cafés, bars and restaurants that contribute to the vibrancy of the area. Approximately 3.3km (2 miles) to the south west is Brent Cross Shopping Centre, which has more than 120 shops along with cafés, bars and restaurants.

298-304 Regents Park Road benefits from excellent access to leisure facilities. Finchley Golf Club is approximately 1km (0.6 miles) to the north and Hendon Golf Club is 1.2km (0.7 miles) to the north west. The Great North Leisure Park offers a multiplex cinema, bowling and restaurants and is approximately 1.6km (1 mile) east of the property. There are numerous green open spaces and parks in this part of London including the historic Hampstead Heath approximately 3.3km (2 miles) to the south. Almost immediately south of the property are the 10 acres of landscaped gardens which form part of Stephens House and Gardens, and provide areas for play and walking.

Finchley has witnessed change in recent years, with a number of successful residential led development schemes being constructed close to the property. These include Gateway House at 318-330 Regents Park Road, a nine storey scheme comprising 77 apartments with a Waitrose at ground floor. A short distance further north is Adastra House on Nether Street, a 34 apartment scheme and at 349-363 Regents Park Road is Clementine Court, a mixed use scheme including 27 apartments currently being sold. Additionally, Winston House on Dollis Park, has been refurbished to include residential development and a Travelodge.

CITY OF LONDON

THE WEST END

HAMPSTEAD HEATH

CANARY WHARF

GATEWAY HOUSE

M1

A5

BRENTCROSS

A1 Great N Way

Finchley Ln

A504 Hendon Lane

Rege

nts

Park

Rd

A502

A598 Ball

ards L

n

A1000 H

igh Rd

N Circ

ular Rd (A

406)

Finc

hley

Rd

MILLHILL EAST

FINCHLEYCENTRAL

EASTFINCHLEY

FINCHLEY GOLFCOURSE

VICTORIAPARK

A504 E End Rd

A1 Falloden Way

WESTFINCHLEY

STEPHENS HOUSE& GARDENS

FINCHLEY CENTRAL

STEPHENS HOUSE & GARDENS


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There are numerous green open spaces and parks CLOSE BY including

the historic Hampstead Heath


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Communications

Finchley Central London Underground Station is just 300 metres north of the property. From there the Northern Line provides direct services to Central London, with journey times under 25 minutes to the heart of the Capital.

Numerous bus services run along Regents Park Road (A598), with routes towards Central London and other local destinations. Regents Park Road has a junction with The North Circular Road approximately 1km to the south, which provides routes around London. Access to the national motorway network is approximately 2.5km (1.7 miles) to the west at junction 2 of the M1. London Heathrow Airport is 21km (13 miles) to the south west and London Luton Airport is 32km (20 miles) to the north via the M1 motorway.

DESCRIPTION

298-304 Regents Park Road occupies a prominent site in Finchley town centre, adjacent to a cluster of office buildings to the north and east, with predominantly residential uses to the south and west. The site extends to approximately 0.7 hectares (1.74 acres) and slopes down from Regents Park Road. It is bounded to the south east by The Avenue and numbers 1 and 2 The Avenue, which are residential dwellings. The Avenue narrows to a path a short distance further on, where direct access is possible to Stephens House and Gardens. To the immediate north west are a group of office buildings fronting Regents Park Road and Arcadia Avenue. The site fronts Regents Park Road to the north east.

298-304 Regents Park Road comprises of 4 buildings, understood to have been built in the late 1980s. Marlborough House (298 Regents Park Road), at the western corner of the site, and Berkeley House (304 Regents Park Road), at the northern corner, are both 5 storey buildings fronting Regents Park Road. By virtue of the site’s topography both buildings have undercroft parking. Both buildings have a central core with a lift, stairwell and wc’s either side of a central lobby area.

Supreme House (300 Regents Park Road) and Molteno House (302 Regents Park Road) sit south west of the centre of the site. Both are 4 storeys and have cores with 1 lift and a stairwell at the northern corner and north west elevation respectively.

LB

TCB

TERRACE

93 to 109

El Sub Sta

2

7

297

SPENCER CLOSE

3a

72 to 92

34 to 51

3

1

18 to 33

52 to 71

1 to 17

2

6a

311

313315

Gadd House

Dove House

Elscot H

Shelters

20

16

23 to 35

84.4m

85.0m

ARCADIA AVENUE

335

1

343

7

9 to 13

21

19

10

318 to 330

HouseGateway

316

319

317

327

2

Danca

14314

PH

Cou

298-304 Regents P ark Road, Finchley, London N3 2SZ

Ordnance Survey © Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

SUPREMEHOUSE

MOLTENOHOUSE

MARLBOROUGHHOUSE

BERKELEYHOUSE

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.

FINCHLEY CENTRAL

HIGHGATE (5 MINS)

EUSTON (16 MINS)

KING’S CROSS ST. PANCRAS (18 MINS)

OLD STREET (23 MINS)

BANK (27 MINS)

LONDON BRIDGE (28 MINS)

TOTTENHAM COURT ROAD (21 MINS)

LEICESTER SQUARE (22 MINS)

EMBANKMENT (24 MINS)

WATERLOO (26 MINS)

CENTRALCIRCLEDISTRICTHAMMERSMITH & CITYMETROPOLITANPICCADILLYVICTORIA

BAKERLOOJUBILEENORTHERNWATERLOO & CITYDLRNATIONAL RAIL

Source: TFL

CAMDEN TOWN (13 MINS)


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Site boundary for illustrative purposes only


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ACCOMMODATION

MARLBOROUGH HOUSE

GIA NIASq M Sq Ft Sq M Sq Ft

Ground 560 6,029 421 4,527First 573 6,165 479 5,157Second 573 6,165 472 5,080Third 573 6,165 479 5,159Fourth 488 5,261 394 4,247Total 2,767 29,785 2,245 24,170

BERKELEY HOUSE


Ground 561 6,034 428 4,608First 570 6,139 476 5,121Second 570 6,139 476 5,120Third 570 6,139 476 5,120Fourth 494 5,314 384 4,137Total 2,765 29,765 2,240 24,106

SUPREME HOUSE


Ground 224 2,418 193 2,070First 230 2,473 196 2,112Second 230 2,473 196 2,112Third 193 2,080 158 1,703Total 877 9,444 743 7,997

MOLTENO HOUSE


Ground 270 2,905 201 2,164First 277 2,978 236 2,534Second 277 2,978 235 2,534Third 235 2,540 191 2,053Total 1,059 11,401 863 9,285

There are a total of 157 existing car parking spaces across the site. Vehicular and pedestrian access is from Regents Park Road with additional pedestrian access from The Avenue. Most of the site is laid to hardstanding, with an area of informal landscaping along the boundary with The Avenue. A substation is situated close to the south west boundary.

All parts of the buildings are in office use with the exception of the ground floor of Supreme House, in use as a Doctor’s surgery.

LB

TCB

TERRACE

93 to 109

El Sub Sta

2

7

297

SPENCER CLOSE

3a

72 to 92

34 to 51

3

1

18 to 33

52 to 71

1 to 17

2

6a

311

313315

Gadd House

Dove House

Elscot H

Shelters

20

16

23 to 35

84.4m

85.0m

ARCADIA AVENUE

335

1

343

7

9 to 13

21

19

10

318 to 330

HouseGateway

316

319

317

327

2

Danca

14314

PH

Cou

298-304 Regents P ark Road, Finchley, London N3 2SZ

Ordnance Survey © Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

SUPREMEHOUSE

MOLTENOHOUSE

MARLBOROUGHHOUSE

BERKELEYHOUSE

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.

Stephens House & Gardens

Rear elevation of Berkeley House 4th floor reception of Marlborough House View from roof towards Molteno House & Supreme House


Grand Total 7,469 80,394 6,091 65,559


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Images of typical office suites


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TENancy schedule

Property / Unit Tenant Unit Size Sq Ft Term Lease

StartLease

EndRent

ReviewRent £pa

Rent Per Sq Ft

ERV (£27.50 per sq ft)

Inside the 1954 Act Comments

Marlborough House, Part

Ground Flr ACrabtree PM Limited 2,264

5 years 10

months14/06/13 30/04/19 £39,000 £17.23 £62,260 Yes

Fixed increase- £44,000 p.a. from 14/6/17, £48,750 p.a. from 14/6/17. Lease is subject to a schedule of condition. Includes 5 car parking spaces.


Ground Flr BCrabtree PM Limited 2,263 10 years 01/05/08 30/04/18 £47,250 £20.88 £62,233 Yes Includes 6 car parking spaces

Marlborough House, First Floor Crabtree PM Limited 5,157 10 years 01/05/08 30/04/18 £110,250 £21.38 £141,818 Yes Includes 13 car parking spaces


Second FloorOcean Agencies Limited 2,540 10 years 11/01/08 10/01/18 £56,000 £22.05 £69,850 Yes Includes 6 car parking spaces


Second FloorRegalPress Limited 2,540 5 years 16/06/16 15/06/21 £55,000 £21.65 £69,850 No Includes 6 car parking spaces

Marlborough House, Third Floor Whyte Group Limited 5,159 15 years 16/11/05 15/11/20 £100,500 £19.48 £141,873 Yes Includes 13 car parking spaces

Marlborough House, Fourth

FloorSt James Group Limited 4,247 10 years 29/09/15 28/09/25 29/09/20 £80,294 £18.91 £116,793 Yes Tentant option to break 29.9.20 - 6 months notice

required. Includes 11 car parking spaces.

Supreme House, Ground Floor

Judith Ann Cavendish & Roma Fernanadez 2,070 10 years 15/09/11 14/09/21 15/09/16 £47,000 £22.71 £56,925 Yes Rent review outstanding. Includes 6 car parking

spaces

Supreme House, First Floor Delta Technology Ltd 2,112 5 years 12/12/16 11/12/21 £52,000 £24.62 £58,080 No Mutual option to break 11.12.19 - 6 months notice

required. Includes 4 car parking spaces

Supreme House, Second Floor

The British Friends of the Hebrew University of

Jerusalem 2,112 5 years 01/10/13 30/09/18 01/10/17 £48,374 £22.90 £58,080 No

Reviewed annually to RPI capped at 1.8%. Tenant does not pay service charge resulting in a shortfall of £12,000pa. Lease is subject to a schedule of condition. Includes 6 car parking spaces.

Supreme House, Third Floor Perfect Travel Limited 1,703 10 years 29/09/13 28/09/23 29/09/18 £33,630 £19.75 £46,833 No Includes 4 car parking spaces

Molteno House Fairhold Services Limited 9,286 10 years 01/02/08 31/01/18 £220,000 £23.69 £255,365 Yes

4th floor boiler is excluded from the tenant's repairing obligations. The Landlord may not waive the VAT exemption in respect of this building unless required to do so under statute.

Berkeley HouseSecretary of State for

Communities and Local Government

24,106 5 years 25/12/12 24/12/17 £370,000 £15.35 £662,915 Yes Includes 13 car parking spaces. Service charge shortfall of £3,500 pa

OVERALL TOTAL 65,559 £1,259,298 £19.21 £1,802,873

planning

The Property is located in the London Borough of Barnet. It is not listed, there are no statutorily or locally listed buildings on the site and it is not in a Conservation Area. The Site is located adjacent to the northern boundary of the Finchley Church End Conservation Area. There is a TPO grouping along the site’s southern boundary.

Prior Approval (Ref: 17/0047/PNO) was granted on 8th March 2017 for:

“Change of use from Class B1 (Office) to Class C3 (Residential) (130 units)”

The Prior Approval excludes the Doctor’s surgery at the ground floor of Supreme House. An associated Section 106 agreement restricts entitlement of future occupants from a parking permit, unless a holder of a disabled person’s badge, for on-street parking in Controlled Parking Zones operating in the locality. There are however, 88 car parking spaces on the site in the plans submitted as part of the application that could be

used by future residents, along with additional on-site parking not shown on the plans. The S106 requires the payment of index linked contributions of £17,100 for Highways Contributions, Monitoring Contributions and a Travel Plan Monitoring Contribution. The Prior Approval Notification and Section 106 Agreement are available on the dataroom. The development is not liable for CIL.

The scheme allowed under the Prior Approval will provide a total of 130 apartments.

Total NSA Average NSANumber Sq M Sq Ft Sq M Sq Ft

Studio 85 3,183 34,262 37 4031 Beds 25 1,234 13,283 49 5312 Beds 20 1,308 14,079 65 704Total 130 5,725 61,624 44 474

The most recent lease renewal at the property was a first floor letting within Supreme House, where a rate of £25 per sq ft was achieved. The Finchley Gate office development which comprises Cooper House, Dove House and Gadd House are quoting a rent of £25 per sq ft, while Euro House on Ballards Lane has achieved a rent of £26 per sq ft. New build offices in the immediate area are quoting rents in excess of £30 per sq ft, including the first floor at Gateway House. Due to the lack of supply in the area and the numerous conversions of current office stock to residential, there is significant scope for future office rental growth for both refurbished and new build stock.

An appropriate ERV for the subject property is £27.50 per sq ft. This gives a total ERV for the property of £1,802,872 prior to any refurbishment.

Following refurbishment or redevelopment the ERV would likely be significantly higher, with the potential to command rents in excess of £30 per sq ft.

ERV

CGI of conceptual scheme


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Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale

Copyright 21st Architecture Ltd. Do not scale from this drawing. Issued for purposes indicated only. All dimensions to be checked on site.

Revisions

21STArchitecture Ltd

Twenty First Architecture Ltd, 314 Goswell Road, London, EC1V 7AFTel: +44(0)20 7952 0252 www.21starchitecture.com

Regent's Park Road, Finchley

Proposed Berkley

Second, Third & Fourth Floor Plans

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_10 *

Lift

RISERSMOKEVENTLIFT

1 Bed - 40m²

Studio - 30m²

2 Bed- 62m² Studio - 34m²

Studio - 31m²

Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m² Studio - 62m²

FOURTH FLOOR7 x Studio1 x 1 Bed2 x 2 Bed388m2 NIA476m2 GIA

STAIRWELL

Lift

RISERSMOKEVENTLIFT

1 Bed - 51m²

Studio - 36m²

2 Bed - 74m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 45m² 2bed 72m2

SECOND FLOOR7 x Studio1 x 1 Bed2 x 2 Bed467m2 NIA565m2 GIA

STAIRWELL

Lift

RISERSMOKEVENTLIFT

1 Bed - 51m²

Studio - 36m²

2 Bed - 74m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²


THIRD FLOOR7 x Studio1 x 1 Bed2 x 2 Bed467m2 NIA565m2 GIA

STAIRWELL

GA257

Proposed Berkley House Plans

1:200 @ A3

* 21/12/2016 Issued for prior notiÞcation application

BERKELEY HOUSE - TYPICAL FLOOR

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed Marlborough House Plans

Second, Third & Fourth Floor Plans

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_08 *

Lift

RISERSMOKEVENTLIFT

1 Bed - 51m²

Studio - 36m²

2 Bed - 74m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²


Lift

Stair

RISERSMOKEVENTLIFT

1 Bed - 40m²

Studio - 30m²

2 Bed - 62m² Studio - 34m²

Studio - 31m²

Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m² 2 Bed - 62m²

Lift

Stair

RISERSMOKEVENTLIFT

1 Bed - 51m²

Studio - 36m²

2 Bed - 74m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 45m² 2 bed - 72m2

FOURTH FLOOR7 x Studio1 x 1 Bed2 x 2 Bed388m2 NIA476m2 GIA

STAIRWELL STAIRWELLSTAIRWELL

SECOND FLOOR7 x Studio1 x 1 Bed2 x 2 Bed467m2 NIA565m2 GIA

THIRD FLOOR7 x Studio1 x 1 Bed2 x 2 Bed467m2 NIA565m2 GIA

GA257

Proposed Marlborough House Plans

1:200 @ A3


MARLBOROUGH HOUSE - TYPICAL FLOOR

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Molteno House Plans

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_05 *

Studio - 30m²

Studio - 30m²

Studio - 30m²

Studio - 39m²

Studio - 30m²

Studio - 30m²

Studio - 30m²


Studio - 30m²

Studio - 30m²

Studio - 30m²

Studio - 30m²

Studio - 31m²

Studio - 33m²


Studio - 34m²

Bin Store4 x 1200L Bins

LOWER GROUND FLOOR4xstudio1x1bed161m2 NIA267m2 GIA

UPPER GROUND FLOOR4xstudio2x1bed211m2 NIA273m2 GIA

FIRST FLOOR4xstudio2x1bed211m2 NIA273m2 GIA

SECOND FLOOR4xstudio1x1bed170m2 NIA225m2 GIA

1 Bed - 41m²

1 Bed - 41m²

1 Bed - 41m²

Studio - 39m²

1 Bed - 40m²

1 Bed - 41m²

STAIRWELL STAIRWELL STAIRWELLSTAIRWELL

Lobby

ResidentialEntrance

GA257

Proposed Molteno Plans

1:200 @ A3


MOLTENO HOUSE - TYPICAL FLOOR SUPREME HOUSE - TYPICAL FLOOR

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Supreme House Plans

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_06 *

Studio - 39m²

Studio - 35m²

Studio - 36m²

1 Bed - 58m²

LOWER GROUND FLOOR223m2 GIA UPPER GROUND FLOOR

3xstudio1x1bed168m2 NIA228m2 GIA

SECOND FLOOR3xstudio1x1bed139m2 NIA193m2 GIA

Studio - 31m²

Studio - 31m²

Studio - 30m²

1 Bed - 47m²

DOCTOR'S SURGERY (D1)Excluded from application

ResidentialEntrance

Lobby

Doctor's SurgeryEntrance

Store

Studio - 39m²

Studio - 35m²

Studio - 36m²

1 Bed - 54m²

Store

FIRST FLOOR3xstudio1x1bed168m2 NIA228m2 GIA

Store

GA257

Proposed Supreme House Plans

1:200 @ A3


Total Average Number Sq M Sq Ft Sq M Sq FtStudio 30 1155 12,432 37 3981 Beds 8 415 4,467 48 5172 Beds 10 654 7,040 64 689Total 48 2,224 23,939 46 499

Total Average Number Sq M Sq Ft Sq M Sq FtStudio 30 1155 12,432 37 3981 Beds 8 415 4,467 48 5172 Beds 10 654 7,040 64 689Total 48 2,224 23,939 46 499

Total Average Number Sq M Sq Ft Sq M Sq FtStudio 16 530 5,705 32 3441 Beds 6 245 2,637 41 441Total 22 775 8,342 35 379

Total Average Number Sq M Sq Ft Sq M Sq FtStudio 9 343 3,692 32 3441 Beds 3 159 1,711 53 570Total 12 502 5,404 42 450

Not to Scale - For Identification Purposes Only. Not to Scale - For Identification Purposes Only. Not to Scale - For Identification Purposes Only. Not to Scale - For Identification Purposes Only.

Prior approval floor plans


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DEVELOPMENT POTENTIAL - residential

RESIDENTIAL SCHEME

There is potential for a more comprehensive redevelopment of the site and the opportunity to deliver a landmark scheme for the area. Utilising the Prior Approval scheme, and informed by a planning appraisal by Barton Willmore, 21st Century Architecture have produced a residential led conceptual scheme. The scheme seeks to introduce further massing between the existing buildings and adds height to meet the evolving townscape in the immediate vicinity. The scheme would provide unobstructed views to the south and west. The scheme adds a further 267 residential units to the Prior Approval scheme and comprises the following key features:

• Buildings up to 11 storeys addressing Regents Park Road and the centre of the site, falling away in context with the surrounding uses to the rear of the site.

• Podium garden and further residential amenity areas taking advantage of the existing mature trees at the south of the site.

• A parking solution using the existing areas to provide 285 spaces to address local policy requirements.

The conceptual scheme would deliver an attractive and efficient residential mix and average unit size as detailed in the following tables. Floorplans for the conceptual scheme can be found at the back of these particulars and on the dataroom.

GIA NIA Level Sq M Sq Ft Sq M Sq FtBasement 494 5,317 0 0Lower Ground 558 6,006 224 2,411Ground 3,181 34,240 2,550 27,448First 3,339 35,941 2,783 29,956Second 3,339 35,941 2,783 29,956Third 3,266 35,155 2,723 29,310Fourth 2,743 29,526 2,300 24,757Fifth 2,577 27,739 2,163 23,283Sixth 2,155 23,196 1,742 18,751Seventh 1,608 17,309 1,268 13,649Eighth 1,608 17,309 1,268 13,649Ninth 1,608 17,309 1,268 13,649Total 26,476 284,988 21,072 226,819

Unit Numbers Total NSA Average NSA

Conversion under Prior

ApprovalNew Build Total Sq M Sq Ft Sq M Sq Ft

Studios 85 39 124 4,376 47,103 35 3801 Beds 24 131 155 7,640 82,237 49 5312 Beds 20 76 96 7,064 76,037 74 7923 Beds - 22 22 1,992 21,442 91 975

129 268 397 21,072 226,819 53 571



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Basement 494 5,317 0 0Lower Ground 590 6,351 231 2,486Ground 3,340 35,952 2,990 32,184First 3,537 38,072 3,210 34,552Second 3,537 38,072 3,210 34,552Third 3,477 37,426 3,153 33,939Fourth 3,081 33,164 2,764 29,752Fifth 2,912 31,345 2,594 27,922Sixth 2,155 23,196 1,859 20,010Seventh 1,608 17,309 1,342 14,445Eighth 1,608 17,309 1,342 14,445Ninth 1,608 17,309 1,342 14,445Total 27,947 300,822 24,037 258,732

OFFICE SCHEME

Following largely the same massing principles as the residential scheme, 21st Century Architects have prepared a conceptual scheme demonstrating a significant increase in office floorspace. This will provide accommodation over 11 floors and also provide 285 car parking spaces. An area schedule and a selection of proposed floorplates for this scheme are below. All of the proposed floorplans are available on the dataroom.

With many offices within the area having recently been converted to residential use under permitted development there is a lack of supply of office space, especially good quality and hence a mixed-use scheme to include office space could be attractive to the planning authority and could achieve good growth in rents due to lack of supply. An office scheme of this size would produce an ERV of more than £7.75m (£30 per sq ft) and a conservative GDV of £130 million.

In addition to residential or commercial schemes there is scope for alternative uses including PRS, retirement, care, hotel, student or educational uses subject to planning.

DEVELOPMENT POTENTIAL - COMMERCIAL

CGI



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24

0 10m

20m

40m

30m

50m

GA

257

Proposed Lower Ground Floor

1:500 @ A3

N

SUBSTATION

PEDESTRAINACCESS

STAIRWELL

D

D

D

STAIRWELL

58 xDoubleBicycleStores

DD

D

27 SPACES(81 spaces)


30 SPACES

24 SPACES

288SPACES



STA

IRW

ELL

STA

IRW

ELL

Block B

Block 4

Block 3

Block 1

Block 2

Block A

Lobby

BASEMENT PLANT ROOM

6 SPACES(18 spaces)

7 SPACES(21 spaces)




Studio - 43m²

Studio - 31m²

Studio - 31m²

Studio - 30m²

Studio - 30m²

Studio - 30m²

Studio - 30m²

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Lower Ground Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_LG A

A 18/04/2017 Areas amended

0 10m

20m

40m

30m

50m

GA

257

Proposed Upper Ground Floor

1:500 @ A3

N

STAIRWELL

Studio - 39m²

Studio - 35m²

1 Bed - 58m²

Studio - 36m²

3 Bed - 110m² 1 Bed - 50m² 2 Bed - 70m² 2 Bed - 70m²

1 Bed - 50m² 2 Bed - 70m² 2 Bed - 70m² 2 Bed - 70m² 1 Bed - 50m² 1 Bed - 50m² 2 Bed - 70m² 1 Bed - 50m² 1 Bed - 50m² 1 Bed - 50m²

3 Bed - 90m²

1 Bed - 50m²

2 Bed - 70m² 2 Bed - 70m²


RISERSMOKEVENT

RISERSMOKEVENT

Studio - 35m²

1 bed - 50m²

2 Bed - 71m²

1 Bed - 60m²

1 Bed - 60m²

2 Bed - 73m²

LIFT

STAIRWELL

1 Bed - 50m²

1 Bed - 50m²

RISERSMOKEVENT

RISERSMOKEVENT

Studio - 35m²

1 bed - 50m²

2 Bed - 71m²

1 Bed - 60m²

1 Bed - 60m²

2 Bed - 73m²

LIFT

STAIRWELL

1 Bed - 50m²

1 Bed - 50m²

Block B

Block 4

Block 3

Block 1

Block 2

Block A

Studio - 30m²

Studio - 30m²

Studio - 30m²


Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Upper Ground Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_UG A


LOWER GROUND FLOOR UPPER GROUND FLOOR

Not to Scale - For Identification Purposes Only. Not to Scale - For Identification Purposes Only.

Conceptual scheme - residential floor plans


27


26

0 10m

20m

40m

30m

50m

GA

257

Proposed First Floor

1:500 @ A3

N

STAIRWELL

Studio - 30m²

Studio - 30m²

Studio - 30m²


Studio - 40m²

Studio - 39m²

Studio - 35m²

Studio - 36m²

1 Bed - 58m²



3 Bed - 90m²

1 Bed - 50m²

2 Bed - 70m² 2 Bed - 70m²

1 Bed - 50m² 1 Bed - 50m² 1 Bed - 50m² 1 Bed - 50m² 1 Bed - 55m²

Lift

RISERSMOKEVENTLIFT

STAIRWELL

1 Bed - 51m²

Studio - 36m²

Studio - 41m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 45m²

2bed 72m2

2 Bed - 70m²

Lift

RISERSMOKEVENTLIFT

STAIRWELL

1 Bed - 51m²

Studio - 36m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 41m²

2bed 65m2

2 Bed - 74m²

2 Bed - 71m²

2 Bed - 71m²

Block B

Block 4

Block 3

Block 1

Block 2

Block A

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

First Floor

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_01 A


0 10m

20m

40m

30m

50m

GA

257

Proposed Second Floor

1:500 @ A3

N

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Second Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_02 A

STAIRWELL

Studio - 30m²

Studio - 30m²

Studio - 30m²


Studio - 40m²

Studio - 39m²

Studio - 35m²

Studio - 36m²

1 Bed - 58m²



3 Bed - 90m²

1 Bed - 50m²

2 Bed - 70m² 2 Bed - 70m²


Lift

RISERSMOKEVENTLIFT

STAIRWELL

1 Bed - 51m²

Studio - 36m²

Studio - 41m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 45m²

2bed 72m2

2 Bed - 70m²

Lift

RISERSMOKEVENTLIFT

STAIRWELL

1 Bed - 51m²

Studio - 36m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 41m²

2bed 65m2

2 Bed - 74m²

2 Bed - 71m²

2 Bed - 71m²

Block B

Block 4

Block 3

Block 1

Block 2

Block A


FIRST FLOOR SECOND FLOOR




29


28

0 10m

20m

40m

30m

50m

GA

257

Proposed Third Floor

1:500 @ A3

N

Studio - 31m²

Studio - 31m²

Studio - 30m²

1 Bed - 47m²

Studio - 31m²

Studio - 33m²

Studio - 32m²

Studio - 34m²

1 Bed - 40m²

STAIRWELL



3 Bed - 93m²

1 Bed - 50m²

2 Bed - 70m² 2 Bed - 70m²


Lift

RISERSMOKEVENTLIFT

1 Bed - 51m²

Studio - 36m²

Studio - 41m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 45m²

2bed 72m2

STAIRWELL

2 Bed - 70m²

Lift

RISERSMOKEVENTLIFT

1 Bed - 51m²

Studio - 36m²

Studio - 45m²

Studio - 35m²

Studio - 37m²

Studio - 37m²

Studio - 35m²

Studio - 41m²

2bed 65m2

STAIRWELL

2 Bed - 74m²

Block B

Block 4

Block 3

Block 1

Block 2

Block A

2 Bed - 71m²

2 Bed - 71m²

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Third Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_03 A


0 10m

20m

40m

30m

50m

GA

257

Proposed Fourth Floor

1:500 @ A3

N

Lift

RISERSMOKEVENTLIFT

1 Bed - 40m²


Studio - 32m²

Studio - 32m²

Studio - 30m²

STAIRWELL

Studio - 30m² 2 Bed- 60m²

Studio - 35m²

2 Bed - 62m²

2 Bed - 71m²

1 Bed - 50m² 2 Bed - 70m² 2 Bed - 70m²


2 Bed - 70m² 2 Bed - 70m²


2 Bed - 74m²

Lift

RISERSMOKEVENT

LIFT

1 Bed - 40m²


Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m²

Studio - 62m²

STAIRWELL


1 Bed - 50m²

2 Bed - 70m² 1 Bed - 50m²

2 Bed - 77m²

Block 1

Block 2

Block A

Block B

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Fourth Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_04 A


THIRD FLOOR FOURTH FLOOR

Not to Scale - For Identification Purposes Only. Not to Scale - For Identification Purposes Only.Not to Scale - For Identification Purposes Only. Not to Scale - For Identification Purposes Only.



31


30

0 10m

20m

40m

30m

50m

GA

257

Proposed Fourth Floor

1:500 @ A3

N

Lift

RISERSMOKEVENTLIFT

1 Bed - 40m²


Studio - 32m²

Studio - 32m²

Studio - 30m²

STAIRWELL


Studio - 35m²

2 Bed - 62m²

2 Bed - 71m²

1 Bed - 50m² 2 Bed - 70m² 2 Bed - 70m²


2 Bed - 70m² 2 Bed - 70m²


2 Bed - 74m²

Lift

RISERSMOKEVENT

LIFT

1 Bed - 40m²


Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m²

Studio - 62m²

STAIRWELL


1 Bed - 50m²

2 Bed - 70m² 1 Bed - 50m²

2 Bed - 77m²

Block 1

Block 2

Block A

Block B

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Fourth Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_04 A


0 10m

20m

40m

30m

50m

GA

257

Proposed Fifth Floor

1:500 @ A3

N

1 Bed - 50m² 2 Bed - 70m² 2 Bed - 70m²


2 Bed - 70m² 2 Bed - 70m²


1 Bed - 50m² 2 Bed - 70m²

3 Bed - 90m² 1 Bed - 50m²

Lift

RISERSMOKEVENT

LIFT

1 Bed - 40m²


Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m²

Studio - 62m²

STAIRWELL


Lift

Stair

RISERSMOKEVENTLIFT

1 Bed - 40m²


Studio - 34m²

Studio - 31m²

Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m²

2 Bed - 62m²

STAIRWELL

Block 1

Block 2

Block A

Block B

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Fifth Floor Plan

Planning GC RD

1:500 @ A3 April 2017

257_GA_05 A


FIFTH FLOOR SIXTH FLOOR




33


32

0 10m

20m

40m

30m

50m

GA

257

Proposed Sixth Floor

1:500 @ A3

N

3 Bed - 90m²

3 Bed - 90m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

2 Bed - 73m²

2 Bed - 71m²

Lift

RISERSMOKEVENT

LIFT

1 Bed - 40m²


Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m²

Studio - 62m²

STAIRWELL


2 Bed - 70m²

2 Bed - 70m²

Block A

Block B

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 56m²

1 Bed - 53m²

Lift

Stair

RISERSMOKEVENTLIFT

1 Bed - 40m²


Studio - 34m²

Studio - 31m²

Studio - 32m²

Studio - 32m²

Studio - 30m²

Studio - 35m²

2 Bed - 62m²

STAIRWELL

Block 1

Block 2

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Sixth Floor Plan

Planning GC RD

1:500 @ A3 April 2017

257_GA_06 A


0 10m

20m

40m

30m

50m

GA

257

Proposed Seventh Floor

1:500 @ A3

N

Lift

RISERSMOKEVENT

LIFT

STAIRWELL

3 Bed - 93m²

3 Bed - 100m² 3 Bed - 90m²

3 Bed - 90m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

2 Bed - 70m²

2 Bed - 70m²

Block A

Block B

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

Lift

RISERSMOKEVENTLIFT

STAIRWELL

2 Bed - 80m²

3 Bed - 90m²

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Seventh Floor Plan

Planning GC RD

1:500 @ A3 April 2017

257_GA_07 A


SEVENTH FLOOR EIGHTH FLOOR




35


34

0 10m

20m

40m

30m

50m

GA

257

Proposed Eighth Floor

1:500 @ A3

N

Lift

RISERSMOKEVENT

LIFT

STAIRWELL

3 Bed - 93m²

3 Bed - 100m² 3 Bed - 90m²

3 Bed - 90m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

2 Bed - 70m²

2 Bed - 70m²

Block A

Block B

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

1 Bed - 50m²

Lift

RISERSMOKEVENTLIFT

STAIRWELL

2 Bed - 80m²

3 Bed - 90m²

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed

Eighth Floor Plan

Planning GC RD

1:500 @ A3 April 2017

257_GA_08 A


NINTH FLOOR

Not to Scale - For Identification Purposes Only.




36 37


0 10m

20m

40m

30m

50m

GA

257

Proposed Upper Ground Floor

1:500 @ A3

N

RISERSMOKEVENT

RISERSMOKEVENTLIFT

STAIRWELL

WC's

Teapoint

RISERSMOKEVENT

RISERSMOKEVENTLIFT

STAIRWELL

LIFTLIFT

STAIRWELL

LIFTLIFTLIFT

STA

IRWELL

Block B

Block 4

Block 3

Block 1

Block 2

Block A

WC's

DDAWC

Teapoint

WC's

DDAWC

Teapoint

WC's

TeapointOffice

Office

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions




Proposed Office Layout

Upper Ground Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_UG

0 10m

20m

40m

30m

50m

GA

257

Proposed Second Floor

1:500 @ A3

N

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions





Second Floor Plan

Planning GC RD

1:500 @ A3 Dec 2016

257_GA_02

RISERSMOKEVENT

RISERSMOKEVENTLIFT

STAIRWELL

WC's

Teapoint

RISERSMOKEVENT

RISERSMOKEVENTLIFT

STAIRWELL

LIFTLIFT

STAIRWELL

LIFTLIFTLIFT

STA

IRWELL

Block B

Block 4

Block 3

Block 1

Block 2

Block A

Office

Office

UPPER GROUND FLOOR TYPICAL LOWER FLOOR


CONCEPTUAL scheme - commercial floor plans


38 39


TYPICAL MID FLOOR TYPICAL UPPER FLOOR

0 10m

20m

40m

30m

50m

GA

257

Proposed Fifth Floor

1:500 @ A3

N

RISERSMOKEVENT

RISERSMOKEVENTLIFT

STAIRWELL

RISERSMOKEVENT

RISERSMOKEVENTLIFT

STAIRWELL

LIFTLIFT

STAIRWELL

LIFTLIFTLIFT

STA

IRWELL

Block B

Block 4

Block 3

Block 1

Block 2

Block A

Office

Office

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions





Fifth Floor Plan

Planning GC RD

1:500 @ A3 April 2017

257_GA_05

0 10m

20m

40m

30m

50m

GA

257

Proposed Eighth Floor

1:500 @ A3

N

Lift

RISERSMOKEVENTLIFT

STAIRWELL

RISERSMOKEVENT

LIFT

STAIRWELL

3 Bed - 100m²

Block A

Block B

LIFT

STAIRWELL

LIFTLIFT

Office

Office

Drawn Checked

Revision

DateDrawing Title

Project Status

Drwg. No.

Scale


Revisions





Eighth Floor Plan

Planning GC RD

1:500 @ A3 April 2017

257_GA_08


CONCEPTUAL scheme - commercial floor plans


40


41

VAT

The vendor has elected to charge VAT, although Molteno House is excluded from this election. It is assumed that the sale will be treated as a TOGC on those parts elected for VAT.

METHOD OF SALE

The property is for sale freehold, subject to the existing leases. Offers are invited for the freehold interest.

website

Further information relating to the property and the proposed development is available at:

www.regentsparkroadn3.com

VIEWINGS

Viewings are strictly by appointment, please contact the joint sole selling agents to make an appointment.

Darren Arnold Stephen Raingold 020 7409 9926 020 7580 4333 [email protected] [email protected]

Sean Cooper Steven Lewis 020 7409 9948 020 7580 4333 [email protected] [email protected]

Important Notice

Savills, their clients and any joint agents 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.

May 2017


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