27 poultry final particulars - july 2009[1]
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1
LondonEC2
27-35 Poultry&
5 Princes Street
1
A unique freehold building,
at the heart of one of the world’s leading financial centres,
with planning consent for a luxury hotel development
and suitable for various alternative uses
subject to the necessary consents.
On the instructions of Malcolm Shierson and Jamie Toynton
Joint Administrators of Poultry Development Limited (in Administration)
27-35 Poultry&
5 Princes Street
London
EC2
27-35 PouLtry & 5 PrinCES StrEEt EC2
3
Executive Summary
Former London headquarters for Midland Bankand subsequently HSBC Bank
•Adjacent to the Bank of Englandin the heart of the City of London
•Rare freehold occupying a site of
just under one acre•
GIA of circa 27,088 sq m(291,571 sq ft)
•Planning consent for a 181 bedroom luxury hotel,with associated facilities, of circa 30,249 sq m
(325,630 sq ft) GIA•
Office and mixed use planning consent (lapsed)for partial redevelopment and extension ofcirca 30,285 sq m (325,985 sq ft) GIA
•Alternative and mixed use potentialsubject to the necessary consents
•Unique original features including the double height marble-lined
banking hall, a safe depository and original boardrooms•
Exceptional safe depository, which featured in theJames Bond film “Goldfinger”
Substantial offers are invited for the freehold and999 year leasehold interests
27-35 Poultry - Image taken in 2006
27-35 PouLtry & 5 PrinCES StrEEt EC2
5
THREADNEEDLESHOTEL
APEX LONDONWALL HOTEL(DUE TO OPEN
NOVEMBER 2009)
THEBANKOF
ENGLAND
THEROYAL
EXCHANGE
BANK
DLRTHE
MANSIONHOUSE
LLOYD'SOF
LONDON
FENCHURCHSTREET
LIVERPOOLSTREET
CANNONSTREET
ANDAZHOTEL
LIVERPOOLSTREET
27-35 PouLtry & 5 PrinCES StrEEt EC2
27-35 Poultry and 5 Princes Street ispositioned on a prime site at the veryheart of the City of London, the financialcapital of Europe, opposite andoverlooking the Bank of England.
The property’s frontages to both Poultryand Princes Street provide access to twoof the most prestigious addresses withinthe City and benefit from substantialinternational recognition. Both streetsrun from the Bank junction, leading toMoorgate to the north and Cheapside tothe west, both major City thoroughfares.
Bank station, which is adjacent to theproperty, is one of the most central andbest connected London undergroundstations providing access to six railservices including the Central Line, DLRand Waterloo & City Lines. MansionHouse, Cannon Street, Monument, St.Paul’s, Moorgate and Liverpool Streetstations are all within easy walkingdistance.
Location
Area hatched red is held freehold together with 999 year leasehold. There is the benefit of a right of way over the area hatched
dark blue. The areas shaded in light blue are also within the freehold/leasehold title, but only in respect of the vaults.
Retailon
Cornhill
Bank
Junctionfrom
Poultry
Ward Bdy
BPs
BPs
Ward Bdy
BP
BPs
Ward Bdy
War
dBd
y
13.5m
12.2m
13.1m
0m
12.6m 14.0m
12.4m
13.1m
12.3m
Exchange
Box
LB
Letter
Royal
War
Statue
Steps
Memorial
PTP
Statue
TCBs
Subway
Subway
Subway
REDERICK'S PLACE
Pope
'sH
ead
Alle
y
MANSION HOUSE STREET
STM
ILD
RED
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T
BUCKLERSBURY
PRINCE'SSTREET
POULTRY
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LOM
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E
OLD
JEW
RY
GR
OC
ERS'
HAL
LC
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RT
LOTHBURY
ROOK
QUEEN VICTORIA STREET
5
Bank
12
1
15to22
k
1
3
26
9
Man
sion
Hou
se
Bank Station
1to6
71
80
62
36
82
7
Royal Exchang
1
Probation
1 to 3
41
12
Gro
cers
' Hal
l
6to
8
(LRT)
1
10
35
1
8
Bank
Bank
Magistrates Court
1
Bank
Bank
8
11
73 to 77
37
81 to 82
Bank
27 to 32
14
1
Bank
Bank27
to32
Offices
Bank
Bank of England
8
36 to 38
1
1
9
0m 25m 50m 75m
© Crown Copyright 2009. All rights reserved. Licence number 100020449. Plotted Scale - 1:1577
City Institutions
1. Guildhall
2. Lloyd’s of London
3. The Bank of England
4. Mansion House
Banking & Finance
5. RBS
6. JP Morgan Chase
7. Allianz Cornhill
8. NM Rothschild & Sons
9. UBS Investment Bank
10. JP Morgan Cazenove
11. Legal & General
12. Royal & Sun Alliance
13. Friends Provident
14. Bank of Japan
15. Fortis Bank
16. Dresdner Kleinwort Wasserstein
17. Standard Chartered Bank
18. West LB AG
19. BNP Paribas
20. ING
21. Deutsche Bank
22. HBOS
23. Credit Agricole
24. Commerzbank
25. Lloyd’s TSB
26. Schroders
27. Nomura
28. Fidelity
29. Morley
30. Barclays
31. Aberdeen Asset Management
32. Aviva
33. Swiss Re
34. Willis
35. Brown Shipley
Professional
36. Clifford Chance
37. Eversheds
38. Accenture
39. White & Case
40. Smith & Williamson
41. SJ Berwin
Corporate
42. Hewlett Packard
43. British Telecom
44. National Power
Local occupiers
27
43
28
31
42
6
6
2335
2526
25
3716
30
38
32
29
11
4
5
8
9
7
2438
12 2
39 333
2221
20
10
193617
1813
40
41
34
1
15
14
44
27-35 Poultry &5 Princes Street
7
Aerialshot
of27
Poultry
27-35 PouLtry & 5 PrinCES StrEEt EC2
9
The ground floor provides access to numerous service coreswith lifts and staircases to the upper and lower floors. Theprincipal core provides three lifts serving all floors, with 14lifts in total, including the bullion lift to the rear.
The upper floors vary in layout, but the majority of the netfloor area is open plan accommodation stretching from thePoultry to the Princes Street façade. The fourth and fifthfloors retain elements designed by Sir Edwin Lutyens includingwood panelled offices, boardrooms and meeting rooms. Thefirst, second and third floors do not contain elementsspecifically designed by the architect and provide more flexibleand open plan accommodation with good fenestration to bothfrontages, and internal light wells.
A typical upper floor provides approximately 2,100 sq m(22,600 sq ft) of accommodation with natural light from allfaçades together with a number of internal light wells andaccess yards.
The lower ground floor level incorporates a safe depositorywhich provides 3,818 private boxes of varying sizes, rangingfrom small lockers to “walk-in” rooms. The substantial rounddoor to the safe provides exceptional security, and is one ofonly two examples of its kind (the other being in Switzerland).The safe was featured in the 1964 James Bond film,“Goldfinger”.
At ground floor level the building benefits from an access roadfrom Poultry into Grocers Hall Court as well as shared accessover St Mildred’s Court.
Description
27-35 Poultry and 5 Princes Street is a substantial Grade I listedCity building, originally constructed in the 1920’s, andsubsequently refurbished to provide approximately 27,088 sq m(291,571 sq ft) gross internal and 16,245.1 sq m (174,886 sq ft)current net internal of office and banking hall accommodationarranged over ground and six upper floors, together with somemezzanine and below ground levels. The building occupies a siteof approximately 3,872.8 sq m (41,686 sq ft) being just less thanone acre.
Designed by the famous British architect, Sir Edwin Lutyens, theproperty has two substantial and imposing Portland stone façadesfronting Poultry and Princes Street. The ground floor of theproperty provides a unique and impressive 2,514.1 sq m (27,061sq ft) marble banking hall stretching between Poultry andPrinces Street. The main building has been added to over theyears, with the rear section of the building towards PrincesStreet having been added in the late 1960’s.
Safe
Depository
Fourthfloor
Hallw
ay
Marble
Staircase
ThirdFloor
Lutyens Boardroom
Lutyens Dining Room
27-35 PouLtry & 5 PrinCES StrEEt EC2
11
Banking Hall - Historic Image taken in 2006
27-35 PouLtry & 5 PrinCES StrEEt EC2
13
THREADNEEDLESTREET
POULTRY
PRINCESSTREET
SIXTH FLOOR
FIFTH FLOOR
FOURTH FLOOR
THIRD FLOOR
SECOND FLOOR
FIRST FLOOR
GROUND FLOOR
LOWER GROUND FLOOR
BASEMENT LEVEL 1
BASEMENT LEVEL 2
ExistingisometricfloorLayouts
accommodation
The building provides the following approximate areas. Plowman Craven Associates have providedthe net internal areas, and the gross internal areas have been scaled by architects, KSS DesignGroup from plans.
Floor Use Gross Internal Area Net Internal Area
sq m sq ft sq m sq ft
6th Offices 1,511 16,264 969 10,432
5th Offices 1,914 20,602 997 10,755
4th Mezzanine Offices 63 678 57 617
4th Offices 2,383 25,650 1,084 11,665
3rd Offices 2,651 28,535 1,952 21,012
2nd Offices 2,745 29,547 2,103 22,639
1st Offices 2,773 29,848 2,138 23,009
Mezzanine Offices 887 9,548 371 3,992
Ground Banking Hall 3,154 33,949 2,514 27,061
Lower Ground Safe Depository 3,361 36,177 1,062 11,432
Lower Ground & Ancillary 606 6,521
Basement 1 Meeting Rooms 3,361 36,177 1,829 19,686
Basement 2 Ancillary 2,285 24,596 563 6,065
Total 27,088 291,571 16,245 174,886
Guildhall
Not to scale, for identification purposes only
5Princes
Street
frontagefrom
RoyalE
xchange
30St.M
aryAxe
OnePoultry
tenure
Freehold of whole, together with 999 year leasehold of whole.
tenancies
The property is offered for sale with vacant possession save two electricity substations atbasement levels, let on leases to London Electricity Board and London Electricity PLC for60 years from 29th September 1966 and 60 years from 22nd April 1991, respectively.
Planning Summary
The property was Grade I listed on 5th June 1972 and lies within the Bank ConservationArea.
We understand that the most sensitive elements of the building are essentially those partsspecifically designed by Sir Edwin Lutyens, such as the banking hall, ‘principal offices’,board and ‘function’ rooms. These elements are principally incorporated within the lowerground (safe depository), ground, fourth and fifth floors.
Hotel Scheme
Planning consent was granted on 12th November 2008 for refurbishment of the property,demolition and extension of part of the basement to sixth floor, change of use from bank (A2use) and offices (B1 use), to provide a hotel (C1 use), with ancillary uses including shops,food and drink, drinking establishment, a health club (D2 use) and a private members club(sui generis). Listed building consent for this scheme was granted on 1st July 2008. Thisscheme provides a total GIA of approximately 30,249 sq m (325,630 sq ft).
Office Scheme
Planning and Listed Building Consent were granted on 8th April and on 12th June 2003respectively, for refurbishment, alteration and part demolition and extension to provideoffice, retail, health club and/or gym uses. The scheme provided a total GIA of approximately30,285 sq m (325,985 sq ft) which provided approximately 18,503.6 sq m (199,171 sq ft)total net internal area. This consent expired on 7th April 2008. In the opinion of planningconsultants, DP9, it is likely that the local planning authority would support this consent ifthe necessary applications were made.
Alternative Uses
In addition, there is the potential for alternative and mixed uses, including hotel, servicedapartments, retail and leisure uses, subject to the necessary consents.
Please refer to the website www.knightfrankhotels.net/poultry, for further detail on planningaspects, such as the listing and the consented scheme, and opportunities for alternative usesfor the building.
27-35 PouLtry & 5 PrinCES StrEEt EC2
15
the Hotel Consent
The consented scheme makes provision for a luxury hotel with 181 bedrooms and suites, with verysignificant support and ancillary facilities. Many of the proposed public areas and rooms are located withinthe fine listed areas of the property.
The business case for a luxury hotel is strong. This landmark building offers an opportunity to create theCity of London's foremost luxury hotel.
The combination of its unique location in the heart of the City of London and the spectacular nature of theprincipal rooms within the building will combine to ensure delivery of high rate room business and strongfood, beverage and other incomes. The location, adjacent to the Bank of England and surrounded by someof London’s most distinguished and influential occupiers, will ensure strong weekday business. The opulenceand architectural merit of the building lends itself to a luxury hotel scheme which will undoubtedly help todrive weekend and leisure business.
Room supply in the City core remains relatively low and future supply seems likely to remain restricteddue to the lack of suitable or viable new build or conversion opportunities.
Subject to the necessary consents, there is the opportunity to increase the bedroom count, without dilutingthe high bedroom to suite ratio and improve the general layout of the consented scheme to suit the brandrequirements of most major luxury hotel operators.
Area Schedule – Consented Scheme
Allimages
arecom
putergenerated
Gross Internal Areas (GIA) (In m2)
Floor Private Hotel Retail Leisure & Restaurant Total GrossMembers Use Use Spa Use Class ExternalClub Class C1 Class Use Class A3 Area (GEA)
A1/A2 D2 (In m2)
Basement 3 1,589 1,451 3,040 3,298
Basement 2 50 1,352 1,747 3,149 3,285
Basement 1 50 2,402 998 3,450 3,608
Ground 96 3,037 125 35 9 3,302 3,428
Mezzanine 744 744 810
First 2,823 2,823 3,036
Second 2,784 2,784 2,976
Third 2,766 2,766 2,953
Fourth 2,668 2,668 2,907
Fifth 1,450 1,007 1,007 2,457 2,743
Sixth 1,961 1,961 2,196
Seventh 1,081 1,081 1,268
Eighth 24 24 35
Total 1,785 24,543 125 3,787 1,016 30,249 32,543
Classic Superior Deluxe Suite TOTAL
25m² - 32m² 36m² - 50m² 57m² - 66m² 66m² - 260m²
Bedroom with Classic Room Open plan living Separate bedroom Note: All roomsen-suite bathroom, facilities in larger area and bedroom to additional living have been counteddesk, occasional space /better views / facilities accommodation in their smallest
chair listed features and possibleadditional furnishings configuration
Mezzanine 2 3 0 0 5
Level 1 10 17 3 6 36
Level 2 10 17 3 6 36
Level 3 10 18 2 5 35
Level 4 11 12 6 3 32
Level 5 10 4 0 0.5 14.5
Level 6 10 10 2 0.5 22.5
Total 63 81 16 21 181
Bedroom Type Summary – Consented Scheme
Source: EPR Architects
Source: EPR Architects
27-35 PouLtry & 5 PrinCES StrEEt EC2
17
HotEL ConSEntED PLanS - ExamPLE fLoorS
Ground Floor
First Floor
Fifth Floor
Sixth Floor
Not to scale, for identification purposes only
Source: EPR Architects
27-35 PouLtry & 5 PrinCES StrEEt EC2
19
LonDon HotEL marKEt CommEntary
Introduction
London is the capital of the United Kingdom and one of theworld's most important business, financial and culturalcentres. Central London is home to more than half of the UK'stop 100 listed companies and over 100 of Europe's 500largest companies. The City has a dominant role in severalinternational financial and insurance markets and theeconomy of the Metropolitan area generates approximately30% of the UK's GDP. London is also a major touristdestination for both domestic and overseas visitors, withannual expenditure by tourists of around £15 billion.
Hotel Market Performance
The London hotel market has traditionally achieved one of theworld’s highest occupancy and room rates, and the marketfundamentals have held up well in 2008 resulting in anincrease of 3% in Revenue Per Available Room (RevPAR). Thelatest STR Global figures for May 2009 show that Londonoutperforms its European peers with the lowest decline inRevPAR of any of the European capital cities. The outlook forthe London hotel market, as Europe’s leading gateway cityand the host of the 2012 Summer Olympic Games, remainsamongst the most upbeat in Europe.
London Luxury Hotel Market Segment
Over the last 10 years, the London Luxury segment hasoutperformed the overall London hotel market and continuesto do so in the downturn, in part because the corporatesegments are more exposed to fluctuations in trade due
to their greater exposure to the Corporate and MICE markets.The ARRs achieved in the Luxury segment in the last downcycle remained relatively constant and growth in the up cyclehas been exceptionally strong.
Hotel Property Market
Hotel transaction activity in Europe remained subdued in2008 with the total amount of hotel transactions down by60% from the previous year, although there were severalsignificant transactions in the London luxury segment. So farin 2009, transactional activity throughout Europe hasremained low, however there is a clear increase in investorand operator interest for assets in prime locations like Londonand Paris. Investor sentiment is improving, in particular fromlower leveraged, long term investors looking for opportunisticacquisitions.
Yields have been moving out for all commercial property, butwith the flight to quality, yields for prime hotel opportunitieshave remained fairly stable in locations such as London andParis. In fact, many international investors believe that thisis an opportune time to buy with attractive capital value levelsand favourable exchange rates. London’s relative resilienceand the prospect of a sustained recovery make London one ofthe most sought after hotel property markets.
There is a considerable quantum of proposed developments inthe London luxury and 5 star sectors. Although some debtproviders have returned to the market, the current financialrestrictions on new development and the top prices paid at thepeak of the last cycle, lead us to believe that a large numberof these developments should be considered at risk and thatbedroom supply growth will remain limited in the short andmedium terms.
A group of major international luxury hotel operators arereaching out to set a new performance benchmark level,aiming to distinguish themselves through a superior qualityof service with increased room sizes and superior fit out andfacilities in their properties. This may further improve theprofile of the London luxury hotel market and create roomfor performance growth.
10 Year RevPAR Index
2008 2008 2008 RevPAR RevPARARR ARO RevPAR Change* Change*
€ € Full Year 2008 YTD May 2009
London 146 80% 117 3% -8%
Paris 181 78% 141 5% -17%
Berlin 88 70% 61 4% -14%
Madrid 112 64% 71 -7% -31%
Rome 155 65% 100 -10% -16%
European Capitals Hotel Market Performance
Source: STR Global, Knight Frank*in local currency
Source: STR Global, Knight Frank
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
1.75
1.5
1.25
1
0.75
Luxury Segment All Segments
London Luxury Segment Performance
Source: STR Global, Knight Frank
* After development ** Before development Source: Knight Frank
2002 2003 2004 2005 2006 2007 2008
ARR ARO
450
400
350
300
250
85
80
75
70
65
60
£ %
Property Location Room Buyer Year Operator Site Price Per room Tenure CommentCount* in Million £ £
Café Royal Soho 171 Alrov Group 2008 TBA 90 526,000 Leasehold Includes retail(development) units
Metropole Whitehall 296 IHI 2008 Corinthia 130 439,000 Freehold Includes 12(development) residential units
Two Thistle Hotels Kensington 638 ** Lancer 2008 TBA 320 502,000 Freehold(development)
Normandie House Knightsbridge 81 HNWIs 2007 TBA Confidential Confidential Freehold Includes 5(development) residential units
27 Poultry City 181 Private 2007 N/A 72 398,000 Leasehold(development) (Now Freehold)
Four Seasons Mayfair 200 Premier Group 2006 Four 75 375,000 Leasehold(redevelopment) Seasons
Grosvenor House Mayfair 133 Kuwaiti 2006 TBA 145 1,090,000 LeaseholdApartments Consortium(redevelopment)
10 Trinity Square City 121 Thomas 2006 TBA 104.5 863,636 Majority Includes 30(development) Enterprises Freehold residential units
The Savoy Strand 263 Kingdom 2005 Fairmont 230 875,000 Freehold(redevelopment) Hotels
Central London Development and Redevelopment Transactions
27-35 PouLtry & 5 PrinCES StrEEt EC2
21
Existing Hotels
1 The Savoy, London, WC22 Strand Palace Hotel, London, WC23 One Aldwych, London, WC24 The Waldorf Hilton, London, WC25 Kingsway Hall Hotel, London, WC26 Renaissance Chancery Court, London, WC17 Citadines Apart’hotel London Holborn
- Covent Garden, London, WC18 Swissôtel The Howard, London, WC29 Crowne Plaza London The City, London, EC410 The Zetter, London, EC1
11 The Rookery, London, EC112 Club Quarters St. Pauls, London, EC413 Malmaison, London, EC114 Grange St. Pauls, London, EC415 Citadines Apart’hotel Barbican, London, EC116 Threadneedles Hotel, London, EC217 Club Quarters Gracechurch, London, EC318 Andaz Liverpool Street, London, EC219 Apex City of London Hotel, London, EC320 Travelodge London Liverpool Street Hotel, London, E121 Hotel Novotel London Tower Bridge, London, EC322 Grange City Hotel, London, EC323 The Chamberlain Hotel, London, EC3
24 Travelodge London Tower Bridge Hotel, London, E125 Hotel Ibis London City, London, E126 The Tower, London, E1
Proposed Hotels
27 Somerset House, London, WC228 Hotel Silken London, London, WC229 2-6 Southampton Row, London, WC130 Apex Temple Court Hotel, London, EC431 2 Puddle Dock, London, EC432 26 Old Bailey, London, EC4
33 Millennium Bridge, London, EC434 Queensbridge House, London, EC435 The Former Whitbread Brewery, London, EC136 BT Exchange, London, EC237 Apex London Wall Hotel, London, EC238 Staple Hall, London, EC339 50 Lower Thames Street, London, EC340 10 Trinity Square, London, EC341 City Inn Tower of London, London, EC342 Aldgate High Street, London, EC343 Middlesex Street / Goulston Street, London, E144 Jumeirah Hotel, London, SE1
LonDon HotEL maP
27-35 Poultry &5 Princes Street
Not to scale, for identification purposes only
27-35 PouLtry & 5 PrinCES StrEEt EC2
23
aLtErnatiVE SCHEmE:offiCE/mixED uSE rEDEVELoPmEnt
The situation of the property at the verycentre of the City of London means itwill always be a highly sought afteraddress for office users. The buildingprovides two main access points, fromPoultry and Princes Street, and animpressive entrance hall as the officereception.
The majority of the net accommodationis open plan, particularly at the first tothird floors, and could provide modern,well-serviced, flexible office space in apremier location. The fourth and fifthfloors contain individual offices andmeeting rooms. As envisaged in thelapsed scheme, the office use aboveground could be enhanced with a retailelement at ground level and asubstantial wine bar below ground.
This alternative scheme was drawn upby KSS architects. It envisages a mixeduse part refurbishment and partredevelopment scheme, requiring afurther planning consent but within theoverall massing and sensitivity of thelapsed scheme. As well as gainingadditional net area, the scheme providesa completely new lift core throughoutthe building and involves demolishingand redeveloping the 1960’s extensionto the rear (as envisaged by the lapsedscheme). The specification includes newraised floors, suspended ceilings andfour pipe fan coil air conditioningthroughout.
The impressive ground floor of thebuilding provides over half an acre ofstunning, double height, banking hallspace, with marble floors and columns.With the success of other City retailschemes, such as The Royal Exchange,House of Fraser and Marks andSpencer, there is potential for groundfloor piazza-style shopping, oralternatively, a selection of larger retailor restaurant units. The lapsed consentprovided for A1, A2 or A3 use on theground floor. Elements of the upperfloors may also work well as restaurantor club uses.
Cheapside and Poultry remain the primelocation for retail in the City, and withfurther schemes in the pipeline, thecritical mass of the area as adestination retail location is set toimprove still further.
Ground Floor Typical First – Third Floor
Fifth Floor
Not to scale, for identification purposes only
Floor Use Gross Int. Area Net Internal Area
sq m sq ft sq m sq ft
7th Offices 978 10,527 596 6,415
6th Offices 2,235 24,057 1,620 17,438
5th Offices 2,629 28,298 1,709 18,396
4th Offices 2,836 30,526 1,445 15,554
3rd Offices 2,933 31,571 2,441 26,275
2nd Offices 2,933 31,571 2,441 26,275
1st Offices 2,963 31,893 2,471 26,598
Mezzanine Offices 914 9,838 634 6,824
Ground Offices/Retail/ 3,229 34,757 2,521 27,136Restaurant
Lower Ground Safe 3,058 32,916 1,091 11,743Depository
Lower Ground Wine Bar/ 966 10,398Restaurant
Basement 1 Wine Bar/Club 3,395 36,543 2,458 26,458
Basement 2 Storage 2,285 24,596 351 3,778
Total 30,388 327,093 20,744 223,288
Source: KSS Design GroupNB - Net areas do not include corridor space; 407 sq m on 4th floor, 280 sq m on 5th floor and 66 sq m on 6th floor.
27-35 PouLtry & 5 PrinCES StrEEt EC2
25
Important notice
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP
in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or
its value. Knight Frank LLP do not have any authority to make any representations about the property, and accordingly any
information given is entirely without responsibility on the part of the agent, seller(s) or lessor(s). Particulars dated July 2009.
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas,
measurements and distances given are approximate only. Photographs dated 2006 to 2009.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, listed
building, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that
these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property may change without notice.
Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is
55 Baker Street, London W1U 8AN, where you may look at a list of members' names.
Hippo
-020
89689292
Sale
The property is offered for sale by Poultry Development Limited (in administration) acting by itsjoint administrators Malcolm Shierson and Jamie Toynton both of Grant Thornton.
Proposal
Substantial offers are invited for the freehold and 999 year leasehold interests
Website and Data room
For further information, including a Data Room, please visit the website www.knightfrankhotels.net/poultry
The Data Room contains the following :
Sales ParticularsPlansPlanning DocumentationBuSurveysLegalCity of London Hotel Development DocumentPhotographs and Computer Generated ImagesEPC
Contacts
Knight Frank Hotels55 Baker StreetLondonW1U 8AN
www.knightfrankhotels.com
Dominic Mayes +44 (0) 20 7861 1086 dominic.mayes@knightfrank.com
Knight Frank City Office4 Coleman StreetLondonEC2R 5BG
www.knightfrank.com
Stephen Clifton +44 (0) 20 7861 1312 stephen.clifton@knightfrank.comNick Braybrook +44 (0) 20 7861 1309 nick.braybrook@knightfrank.com
Sales ParticularsPlansPlanning DocumentationBuilding SurveyM&E SurveyMeasured SurveyPhase 1 Environmental ReviewEnergy Performance CertificateLegal including Certificate of Title and Draft ContractCity of London Hotel Development DocumentPhotographs and Computer Generated Images
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