cp house 97-107...drayton heathrow airport ealing hanwell broadway southall hayes & harlington...

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AN EXCEPTIONAL GREATER LONDON OFFICE INVESTMENT WITH MULTIPLE ASSET MANAGEMENT AND RESIDENTIAL DEVELOPMENT ANGLES CP HOUSE 97-107 UXBRIDGE ROAD EALING W5 5TL

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Page 1: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

A N E X C E P T I O N A L G R E A T E R L O N D O N O F F I C E I N V E S T M E N T W I T H M U L T I P L E A S S E T M A N A G E M E N T A N D R E S I D E N T I A L D E V E L O P M E N T A N G L E S

CP HOUSE9 7 -1 0 7 U X B R I D G E R O A DE A L I N G W 5 5 T L

Page 2: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 2

Page 3: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

INVESTMENT SUMMARY• CP House is a prominent self-contained Greater London office investment opportunity with numerous unrealised asset management opportunities

• Located in the London Borough of Ealing, approximately 8 miles west of Central London

• Ideally situated on Uxbridge Road close to Ealing town centre

• 8 minute walk from Ealing Broadway station and a 5 minute walk to West Ealing railway station, both of which are on the new Elizabeth (Crossrail) line, due to open in 2019

• The property comprises a self contained office building providing 51,602 sq ft (NIA) and 69,678 sq ft (GIA) over ground, basement and 10 upper floors, with additional roof (plant) space

• A total of 125 car parking spaces, providing an excellent parking ratio of 1:413 sq ft

• Freehold

• Site area of 1.14 acres equating to a very low site coverage of 25%

• The property is let to 10 tenants producing a current passing rent of £1,375,319 p.a (£26.65 psf), which includes a 12 month vendor rent, rates and service charge top up on the vacant space

• A very low average passing rent of £25.74 psf on the current let space

• The AWULT to break is 1.43 years and 1.86 years to expiry

• Vacancy rate of 21.6%

• 95% of the leases expire by November 2020

• All the leases are outside the L&T 1954 Act

• Potential office refurbishment opportunity with Grade A office rents in Ealing now standing at over £40 psf

• Due to the current configuration and layout of the building, the property is ideal for change of use to residential via Permitted Development Rights (PDR)

• CP House is not within an Article 4 Direction

• Opportunity for the extension of the existing buildings by way of additional floors, subject to obtaining the necessary consents

• Offers are sought in excess of £20,000,000 (TWENTY MILLION POUNDS), subject to contract and exclusive of VAT

• A purchase at this level reflects a NIY of 6.44%, assuming purchaser's costs of 6.75%

• Low capital value of £388 psf on the NIA and £287 psf on the GIA

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 3

Page 4: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

EALINGThe London Borough of Ealing is located approximately 8 miles west of Central London and 4 miles west of Hammersmith.

Ealing is one of West London’s most desirable and vibrant metropolitan town centres which benefits from excellent communications, with both the M4 and A40 (M40) within close proximity. In addition, the A406 (North/South Circular) provides access north to the M1 and south towards Richmond and Chiswick.

Ealing benefits from exceptional rail and underground services to Central London, with a fastest journey time of only 16 minutes. The current rail and underground links will be further improved with the arrival of Crossrail’s £14.8 billion Queen Elizabeth Line, which is due to commence frequent, fast transportation across London by late 2019. On completion, it will transform the connectivity between the Thames Valley, Central London and Heathrow Airport.

With its strategic location, excellent transport links, enterprising working environment and skilled demographic, Ealing has become a thriving Greater London town.

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 4

Page 5: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

COMMUNICATIONSEaling Broadway Underground station, located a short distance from the subject property, provides direct access to central London via the Central and District lines with an approximate journey time to London’s West End of 22 minutes. Ealing mainline rail service provides access to London Paddington with an approximate journey time of 10 minutes.

West Ealing railway station, also located a short distance from the subject property, provides direct access to London Paddington with a journey time of approximately 16 minutes.

Ealing is set to be a key beneficiary from the arrival of Crossrail, which will connect Ealing to the West End and Canary Wharf in 11 and 25 minutes respectively. The arrival of Crossrail in 2019 will see significant investment into the current Ealing Broadway station and West Ealing station. It is projected to bring 12,000 extra passengers to Ealing Broadway during the 3 hour morning peak travel time. These stations will become a key interchange between Crossrail, First Great Western, and the London Underground. Heathrow International Airport is located approximately 8.5 miles to the south west of the borough.

ROAD

M4 (J2) 2.1 Miles

A40 2 Miles

M25 (J15) 12 Miles

AIR

Heathrow Airport 7 Miles

London City Airport 18 Miles

Gatwick Airport 50 Miles

CROSSRAIL

TaplowTwyford

MaidenheadReading Paddington

WhitechapelFarringdonIverSloughBondStreet

ActonMain Line

WestEaling

TottenhamCourt Road

LiverpoolStreet

Burnham WestDrayton

Heathrow Airport

EalingBroadwayHanwell

Southall

Hayes &Harlington

Langley

ShenfieldRomford

Brentwood

HaroldWood

GideaPark

ChadwellHeath

Goodmayes

SevenKings

ManorPark

IlfordForestGate Stratford

Canary Wharf CustomHouse

AbbeyWood

Woolwich

Maryland

LUTON

STANSTED

GATWICK

SHOREHAM

CITY

HEATHROW

87

6

12

43 5

3 54

7

6

3130

4

5

2

8

9

10

11

2 134

14

13

4

3

1

11

10

99

12

67

10

65

7

12

1110

9

8

7

8

5

1314

44

12

1

2 3

91110

12

1615

11

78

9

10

2019

1

32

4

56

1718

5

4

2

1

2524

22

8

7 1

4

5

29

28

8

72

3

6

5

4

8

7

10

9

10

14

13

12

11

10

9

11

2

26

5

3

1

M23

M1

M27

M26

M25

A3(M)

M40

M4

M3M25

M25

M20

M11

WelwynGarden

City

Royston

Biggleswade

SaffronWalden

HaverhillNewportPagnell

Bishop's Stortford

Bexhill-on-Sea

Seaford

Newhaven

LewesHailsham

ChichesterLittlehampton

Ryde

Newport

FawleyHythe

Lymington

New Milton Cowes

Winchester

Romsey

Windsor

Andover

Ringwood

Salisbury

Christchurch

Melksham Newbury

DartfordKingston upon Thames

RichmondWoolwich

Maidenhead

Letchworth

St Albans

Hitchin

Marlow

HemelHempstead

Watford

Staines

Stevenage

Hastings

Eastbourne

Brighton

HoveWorthing

BognorRegis

Portsmouth

Havant

Eastleigh

Basingstoke

Reading

Bournemouth

Swindon

Luton

High Wycombe

Fareham

Gosport

SOUTHAMPTON

LONDON

Enfield

Romford

Brentwood

Gravesend

Tunbridge Wells

Sevenoaks

Oxted

Crawley

LeatherheadWoking

Guildford

Farnham

Horsham

Croydon

Epsom

Haywards HeathUckfield

CrowboroughHaslemere

Petersfield

EALING

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 5

Page 6: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 6

Page 7: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

SITUATIONThe property is approximately an 8 minute walk from Ealing Broadway Station and a 5 minute walk from West Ealing railway station. Ealing Broadway is the main transport hub and provides excellent public transport links for Ealing, with access to the underground, overground and a comprehensive bus service.

CP House also benefits from being in close proximity to the town’s principal retailing facilities. Ealing High Street is conveniently located a short walk from CP House and provides a selection of restaurants, bars and leisure facilities. This includes The Broadway and Arcadia shopping centres, cinemas and an excellent range of recreational facilities such as Virgin Active, Ealing Cricket Club and Ealing Golf Club.

WEST EALING TRAIN STATION (CROSSRAIL)

BERKELEY HOMESFILMWORKS HIGH ST EALING BROADWAY

SHOPPING CENTREEALING BROADWAY

STATION (CROSSRAIL)EALING COUNCILTRAVELODGE PREMIER INNCP HOUSE

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 7

Page 8: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

DESCRIPTIONCP House comprises a detached prominent office building originally constructed in 1970 and arranged as two interconnected elements. An imposing ten storey tower together with the west wing arranged over four floors and with undercroft parking at ground level. Plant is located in the basement and roof space area.

In 2016 the eighth floor was refurbished to include LG7 lighting, new showers and WC's by the vendor and subsequently let.

The office incorporates the following specification:

• Large reception• Air conditioning• Perimeter trunking• Two x 10 person passenger lists

The site totals 1.14 acres resulting in a very low site coverage of 25%.

ACCOMODATIONThe property has been measured by Malcolm Hollis and provides the following net internal area (NIA) and gross internal area (GIA) areas:

FLOOR GIA SQ FT NIA SQ FT

TOWER

Basement 1,110

Ground 5,857 3,845

First 4,844 3,680

Second 5,498 4,410

Third 3,736 2,747

Fourth 3,767 2,729

Fifth 3,734 2,729

Sixth 3,734 2,729

Seventh 3,734 2,728

Eighth 3,734 2,732

Ninth 3,734 2,730

Tenth 3,734 2,730

Roof 798

WEST WING

First 5,063 4,072

Second 5,578 4,591

Third 5,506 4,586

Fourth 5,517 4,564

Total 69,678 51,602

Ordnance Survey © Crown Copyright 2018. All Rights Reserved.Licence number 100022432Plotted Scale - 1:1000. Paper Size - A4

For illustrative purposes only

TENUREFreehold.

CAR PARKINGThere are a total of 125 surface level parking spaces which reflects an excellent parking ratio of 1:413 sq ft. An element of this is situated in undercroft car parking under the West Wing. Included within this number are 2 disabled bays and 4 visitor bays.

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 8

Page 9: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 9

Page 10: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

TENANCY

UNIT TENANT CREDITSAFE RATING*

AREA LEASE START

LEASE EXPIRY LTA 1954

PASSING RENT

RENT PSF CAR PARKING SPACES

ERV (£37.50)

COMMENTS

TOWERGround Floor VACANT - 3,845 £105,738 £27.50 6 £144,187 Vendor top up 12 month rent, rates and service charge.First Floor 1E Limited 50 3,680 23/08/2009 22/08/2019 N £84,138 £22.86 6 £138,000 Initial service charge cap of £33,066.35 with annual increases

in accordance with RPI. Second Floor Prescient Healthcare

Group Limited 73 4,410 28/11/2013 27/11/2020 N £80,850 £18.33 10 £165,375 Initial service charge cap of £44,000 with annual increases in

accordance with RPI.

Third Floor Wayte Bros Limited 95 2,747 21/05/2014 20/05/2019 N £62,675 £22.82 6 £103,012 Initial service charge cap of £26,160 with annual increases in accordance with RPI. Car Parking allocation is pursuant to a separate license. Either party can terminate on not less than three months notice.

Fourth Floor Ivis Group Limited 82 2,729 04/10/2015 03/10/2020 N £80,978 £29.67 6 £102,337 Initial service charge cap of £28,262.77 with annual increases in accordance with RPI.

Fifth Floor VACANT - 2,729 £75,048 £27.50 5 £102,337 Vendor top up 12 month rent, rates and service charge.Sixth Floor Prescient Healthcare

Group Limited 73 2,729 15/12/2010 27/11/2020 N £70,000 £25.65 6 £102,337 Initial service charge cap of £27,130 with annual increases in

accordance with RPI.

Seventh Floor Fadaat Media Limited 16 2,728 16/09/2014 15/09/2019 N £78,820 £28.89 £102,300 Rent deposit of £39,410Eighth Floor Support for Living

Limitedn/a 2,732 19/06/2017 18/06/2027 N £88,800 £32.50 6 £102,450 Initial service charge cap of £23,587.50 with annual increases

in accordance with RPI. The tenants repair covenant is limited to a schedule of condition. Tenant option to break 18.06.22 (6 months notice). 50% reduction in rent for a period of one year, if tenant does not exercise it's option to break. Rent deposit of £14,800

Ninth Floor APCER Life Sciences Ltd

44 2,730 23/11/2014 22/11/2019 N £79,750 £29.21 6 £102,375 Initial service charge cap of £33,061 with annual increases in accordance with RPI. Rent deposit of £13,750

Tenth Floor Hotelbeds UK Limited 47 2,730 06/11/2015 05/11/2020 N £86,310 £31.62 5 £102,375 Initial service charge cap of £21,920 with annual increases in accordance with RPI. Tenant has right of pre-emption in relation to the ninth floor.

Tower Total 33,789WEST WINGFirst Floor 1E Limited 50 4,072 23/08/2009 22/08/2019 N £94,898 £23.31 9 £152,700 Initial service charge cap of £37,041.26 with annual increases

in accordance with RPI.Second Floor VACANT - 4,591 £126,253 £27.50 8 £172,162 Vendor top up 12 month rent, rates and service charge.Third Floor 1E Limited 50 4,586 20/05/2010 22/08/2019 N £105,823 £23.08 9 £171,975 Initial service charge cap of £42,165 with annual increases in

accordance with RPI.Fourth Floor The Planning Shop

International Limited 67 4,564 14/07/2014 13/07/2019 N £127,738 £27.99 9 £171,150 Initial service charge cap of £44,592 with annual increases in

accordance with RPI.

West Wing Total 17,813Office total 51,602 £1,347,819 £26.12 £1,935,075CAR PARK

The Planning Shop International Limited

67 23/07/2018 13/07/2019 £7,500 3 £7,500 Landlord rolling break at any time on not less than 30 days’ notice.

M.B. McNamara Construction (UK) Limited

44 04/07/2018 03/07/2019 £20,000 10 £25,000 Mutual rolling break at any time on not less than 30 days’ notice.

UNALLOCATED 9 £22,500 Assuming an ERV of £2,500 per space p.aCar Park total £27,500 £55,000TOTAL £1,375,319 119 £1,990,075

The property is let to 9 tenants on 12 leases producing an annual rent of £1,347,819 per annum (Including vendor top up). Their is an additional £27,500 per annum received from 2 tenants with car parking licences. The property has a WAULT of 1.86 years to expiry and 1.43 years to earliest determination. All leases are outside the Landlord and Tenant 1954 Act.

* 71 - 100 Very Low Risk | 51 - 70 Low Risk | 30 - 50 Moderate Risk | 21 - 29 High Risk | 1 - 20 Very High Risk

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 10

Page 11: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 11

Page 12: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

EALING OFFICE MARKETThe West London sub market includes the centres of Chiswick, Hammersmith and Ealing where the occupational market has performed extremely well as a result of good demand and a relative tight supply of Grade A office space. This imbalance has meant that there has been strong rental growth, which continues to attract a wide range of investors.

Over the past couple of year rents have been continuing to rise in the area, due to the lack of supply, lack of development and a large proportion of office stock being converted into residential under Permitted Development.

Recent Investment transactions

Recent rental transaction in the vicinity include

ADDRESS TENANT RENT

Aurora, 71-75 Uxbridge Road Regus £42.50

Ealing Cross, 85 Uxbridge Road Clarendon Business Services £39.50

Ealing Cross, 85 Uxbridge Road Kumon £35.62

ADDRESS TOWN SALE DATE SALE PRICE YIELD (NIY)

INCOME WEIGHTED UNEXP. TERMS

INCOME WEIGHTED TERM CERTAIN

PRICE PSF

AREA SQ FT

MULTI / SINGLE LET PURCHASER VENDOR

410 King Street Hammersmith Jan-18 £14,000,000 5.15% 7.03 1.15 £567 24,693 5 tenants CLS Holdings M&G

227 Shepherds Bush Road Hammersmith Jan-18 £9,750,000 5.64% 6.62 4.08 £753 12,942 4 tenants Private Aviva

Dial House, 2 Burston Road Putney Dec-17 £23,000,000 3.79% 4.50 3.20 £650 35,403 4 tenants M&G Simca LLP

Ealing Gateway, 26-30 Uxbridge Road

Ealing Sep-17 £50,250,000 3.90% 8.00 6.50 £396 127,000 2 tenants Aviva Investors TH Real Estate

LUTON

STANSTED

GATWICK

SHOREHAM

CITY

HEATHROW

87

6

12

43 5

3 54

7

6

3130

4

5

2

8

9

10

11

2 134

14

13

4

3

1

11

10

99

12

67

10

65

7

12

1110

9

8

7

8

5

1314

44

12

1

2 3

91110

12

1615

11

78

9

10

2019

1

32

4

56

1718

5

4

2

1

2524

22

8

7 1

4

5

29

28

8

72

3

6

5

4

8

7

10

9

10

14

13

12

11

10

9

11

2

26

5

3

1

M23

M1

M27

M26

M25

A3(M)

M40

M4

M3M25

M25

M20

M11

WelwynGarden

City

Royston

Biggleswade

SaffronWalden

HaverhillNewportPagnell

Bishop's Stortford

Bexhill-on-Sea

Seaford

Newhaven

LewesHailsham

ChichesterLittlehampton

Ryde

Newport

FawleyHythe

Lymington

New Milton Cowes

Winchester

Romsey

Windsor

Andover

Ringwood

Salisbury

Christchurch

Melksham Newbury

DartfordKingston upon Thames

RichmondWoolwich

Maidenhead

Letchworth

St Albans

Hitchin

Marlow

HemelHempstead

Watford

Staines

Stevenage

Hastings

Eastbourne

Brighton

HoveWorthing

BognorRegis

Portsmouth

Havant

Eastleigh

Basingstoke

Reading

Bournemouth

Swindon

Luton

High Wycombe

Fareham

Gosport

SOUTHAMPTON

LONDON

Enfield

Romford

Brentwood

Gravesend

Tunbridge Wells

Sevenoaks

Oxted

Crawley

LeatherheadWoking

Guildford

Farnham

Horsham

Croydon

Epsom

Haywards HeathUckfield

CrowboroughHaslemere

Petersfield

EALING£42.50

ST ALBANS£35.00

HAMMERSMITH £59.00

CHISWICK £56.00READING

£38.00

UXBRIDGE£39.00

WATFORD£32.00

MAIDENHEAD£39.50

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 12

Page 13: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

SURROUNDING DEVELOPMENTSExchange Plaza, 52 - 58 Uxbridge Road

Planning permission granted to redevelop the existing site to provide a new 170,000 sq ft Grade A office building. It is believed that once completed, quoting rents will be in the region of £50psf.

109 Uxbridge Road

Planning permission granted for a new nine storey building comprising of a 97 bed hotel with basement parking.

Filmworks

Located within 200 metres of the subject property, St George by Berkley Homes are in the process of developing a new high end mixed use residential led scheme. The development will provide over 200 contemporary homes, and will also include an eight screen cinema along with a central piazza surrounded by a high-quality mix of shops, restaurants and bars, including Vapiano and Planet Organic.

Apartments in the scheme are priced ranging from approximately £599,950 for a 1 bed flat to £1.375m for a 3 bed flat.

Dawley House, 91-95 Uxbridge Road

Planning permission granted for a new 12 storey aparthotel (Class C1) with associated facilities and restaurant at the ground floor and business floorspace at the first floor; together with basement car parking and associated landscaping works.

CP HOUSE

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 13

Page 14: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

PLANNING AND ENVIRONMENTALThe property falls within the jurisdiction of the London Borough of Ealing and classified within class B1a. The property is not listed, not in a flood zone nor within an Article 4 direction.

First Floor Tenth Floor

TYPICAL FLOORPLAN

U X B R I D G E R O A D

Lifts

@A3Volume/

Zone/BldgOriginatorProject Level

File Type Discipline/Role Number Status Revision

MH Project No.

Checked

Drawn By

Scale

Date

27.07.2018

1:200

MR

TP

70906 MHL 00 01 DR

G 30200 SO ---

AREA REFERENCING

IPMS3:O�ce

381.9 sq m 4111 sq ft

414.9 sq m 4466 sq ft

IPMS2:O�ce

IPMS2:O�ce 925.3 sq m 9960 sq ft

925.3 sq m 9960 sq ftTOTAL AREA:

NOTES

1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING.

2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.

3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING.

4) ALL AREAS ARE MEASURED IN ACCORDANCE TO THE RICS PROPERTY MEASUREMENT

STANDARD.

TENANT 2

TENANT 3

FIRST FLOOR

PROPERTYCP HOUSEUXBRIDGE ROADEALINGW5 5TL

140 London WallLondonEC2Y 5DN

020 7622 9555TW malcolmhollis.com

The following breakdown lists the limited Use AreasColumns 12.2 sq m 131 sq ft

Interface Adjustment 3.6 sq m 39 sq ft

796.8 sq m 8577 sq ftTOTAL IPMS3 AREA:

Interface Adjustment (IPMS2 Only) 1.3 sq m 14 sq ftHeaters 59.3 sq m 639 sq ft

Door Recesses 1.4 sq m 15 sq ft

U X B R I D G E R O A D

Lifts

@A3VOLUME/

ZONE/BLDGORIGINATORPROJECT LEVEL FILE TYPE

DISCIPLINE/ROLE NUMBER STATUS REVISION

CHECKED

DRAWN BY

SCALE

DATE

30.07.2018

1:200

MR

TP

70906 MHL 00 10 DR

G 30200 SO ---

AREA REFERENCING

IPMS3:O�ce

282.3 sq m 3039 sq ft

IPMS2:O�ce

IPMS2:O�ce 350.5 sq m 3773 sq ft

350.5 sq m 3773 sq ftTOTAL AREA:

NOTES

1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING.

2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.

3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING.

4) ALL AREAS ARE MEASURED IN ACCORDANCE TO THE RICS PROPERTY MEASUREMENT

STANDARD.

TENANT 15TENTH FLOOR

PROPERTY 140 London WallLondonEC2Y 5DN

020 7622 9555TW malcolmhollis.com

The following breakdown lists the limited Use AreasColumns 4.3 sq m 46 sq ft

Interface Adjustment 1.6 sq m 17 sq ft

282.3 sq m 3039 sq ftTOTAL IPMS3 AREA:

Interface Adjustment (IPMS2 Only) 2.0 sq m 22 sq ftHeaters 22.4 sq m 241 sq ft

CP HOUSEUXBRIDGE ROADEALINGW5 5TL

Door Recesses 0.5 sq m 5 sq ft

TOWER

TOWER

WEST WING

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 14

Page 15: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

Undercroft Parking

View over west wing roof View over west wing roof

Roof Plant

ASSET MANAGEMENT INITIATIVES• Refurbish and re-let office accommodation• Total repositioning of the office• Explore permitted development potential• Explore significant redevelopment and massing of the entire site• Explore alternate uses such as residential, hotel or student housing subject to necessary consents

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 15

Page 16: CP HOUSE 97-107...Drayton Heathrow Airport Ealing Hanwell Broadway Southall Hayes & Harlington Langley Romford Shenfield Brentwood Harold Wood Gidea Park Chadwell Heath Goodmayes Seven

VATThe property is elected for VAT. However it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

EPCAvailable on request.

SERVICE CHARGEFor the year ending 2017, the service charge equated to £5.76 psf. The budget for year ending 2018 equates to £5.87 psf.

PROPOSALWe are instructed to seek offers in excess of £20,000,000 (TWENTY MILLION POUNDS), subject to contract and exclusive of VAT.

A purchase at this level reflects a net initial yield of 6.44% (assuming purchaser's costs of 6.75%)and a low capital value of £388 psf on the NIA and £288 psf on the GIA.

CP HOUSE, 97-107 UXBRIDGE ROAD, EALING W5 5TL 16

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FURTHER INFORMATIONFor further information, please do not hesitate to contact one of the joint sole agents below.

Inspections are strictly by appointment only.

Misrepresentation Act: Finn & Company and Gain, for themselves and for the vendors of these properties whose agent they are give notice that:1. These particulars do not constitute, nor constitute any part of the offer for sale or contract for sale. 2. All statements contained in these particulars as to these properties are made without responsibility on the part of Finn & Co or the vendors or lessors. 3. None of the statements contained in these particulars as to these properties are to be relied on as statements or representations of fact. 4. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. Any plans or photographs or drawings shown in these particulars are to enable prospective purchasers or tenants to locate the properties. The plans are photographically reproduces and therefore not to scale except where expressly stated. The plans or photographs or drawings are not intended to depict the interest to be disposed of. Where location plans are based on Ordnance Survey maps this is with the consent of HM Stationery Office, Crown Copyright Reserved. 6. No warranty or undertaking is given in respect of the repair or condition of the properties or any items expressed to be included in the sale. 7. Any properties or drawings of the relevant properties or part thereof or the neighbouring areas may not depict the properties or the neighbouring areas at the date a prospective purchaser or tenant inspects the brochure. Prospective purchasers or tenants are strongly advised to inspect the properties and neighbouring areas. 8. Finn & Company have not measured the properties and have relied upon clients information. Therefore Finn & Co give no warranty as to their correctness or otherwise and the purchasers must rely on their own measurements.9. All terms quoted are exclusive of value added tax unless otherwise stated. 10. The vendors do not give and neither Finn & Co nor any person in their employment has any warranty whatsoever in relation to these properties. 11. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. 12. These details were prepared as of OCTOBER 2018.

Mathew Finn [email protected]

Charles Curtis [email protected]

Ali Rana [email protected]

Tom Kerins [email protected]

1 Portland Place London W1B 1PN

Tel: 020 7631 1202

www.finnandcompany.co.uk

Brian Gavin [email protected]

46 James Street London W1U 1EZ

Tel: 0207 412 8948

www.gainproperty.co.uk