BUCKINGHAM GATE 85 LONDON SW1 - Realla
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85
BU C KI N G HAM
G ATE
LONDON SW1
I N V E ST M E N T SU M M A RY
• A prominent office building on • The first floor is currently let to
Buckingham Gate Development Intelligence Limited at
£85,000 per annum
• Total accommodation of 10,953 sq ft
NIA/ 15,629 sq ft GIA over 8 floors, • Vacant possession from February 2018,
from Lower Ground to 6th allowing owner occupation
• Refurbished in 2011 to Grade A • Cycle storage and showers
specification
• Excellent accessibility, in a prime
• Useable outside space; courtyard (LG) location in Victoria, SW1
and potential terrace (3rd floor), STPP
• Price upon application
• Freehold
2 3
Majestic & Modern
Old meets new in Victoria; London’s most familiar and iconic sites
rubbing shoulders with the contemporary and innovative.
Piccadilly Circus
Hyde Park
Green Park Station
Green Park Horse Guards Parade
St James’s Park
Buckingham Palace
85
St James’s Park station
The Goring Hotel
Nova 62 Buckingham Gate
Cardinal Place The Zig Zag Building
The Broadway
Westminster Cathedral
Victoria Station
4 5
CHARING CROSS
TRAFALGAR SQUARE
ST
THE DORCHESTER GREEN PARK EMBANKMENT
JA
LO C AT I ON
THE RITZ
M
ES
’S
ST
L
AL
RE
M
ET
E
HILTON - PARK LANE TH
LY
IL
D
A
C
C
PI
Prime Central
ST JAMES’S PALACE
Green P ark
NT
NKME
HYDE PARK CORNER
HORSE GUARDS PARADE
EMBA
St James’s 85 Buckingham Gate enjoys a prominent The lunchtime amenities of Cardinal Place
Park
BUCKINGHAM PALACE position fronting Buckingham Gate where and Nova Victoria Food with an unrivalled
WESTMINSTER
WESTMINSTER BRIDGE it meets Petty France. Local occupiers range of food outlets including pop up
85
G
Buckingham
R
include The Bill Gates Foundation, Jupiter street food providers and a weekly farmers
O
Palace Gardens 05
S
ALK
V
AGE W
E
BIRDC Asset Management, Deutsche Asset market are a five-minute walk from the
N
O
R
Management, Rolls Royce, The John Lewis building and the splendour of St James’s
P
L
A
C
HOUSES OF PARLIAMENT
BU
Partnership and Boeing. Park even less, accessed via the beautiful
E
CK
16 IN
GH ST JAMES’S PARK
AM Birdcage Walk.
PA GA
LA
CE
TE 11 ET
ST RE
12 04 RE
ET
06 A
ST
RI
O
10 CT
VI
17
07
GORING HOTEL
13 14 CARDINAL PLACE
09
02 08
15 LAMB
ET
BRIDG H
E
01 VICTORIA
03
V
A
U
X TATE BRITAIN
H
A
LL
BR
ID
G
E
R
O
A
D
PIMLICO
Restaurants Nova Victoria Theatre
01. The Thomas Cubitt 07. The Cinnamon Club 13. Aster 14. Victoria Palace Theatre
02. Boisdale of Belgravia 08. Osteria Dell’Angolo Bone Daddies 15. Apollo Victoria Theatre
03. II Convivio 09. Quirinale Barbecoa 16. The Other Palace Theatre
WESTMINSTER
04. The Library at The Rubens 10. Kouzu Sticks’n’Sushi 17. Curzon Cinema
05. Roux of Parliament Square
River Thames
11. Adam Handling at Caxton Rail House Cafe
06. Quilon 12. Mango Tree Franco Manca
Bat t ersea BATTERSEA POWER STATION
Park
6 7
VI C TO R I A
Victoria,
leading the pack
Victoria’s decade of investment and Long home to London’s most prestigious
redevelopment has come to fruition. and traditional corporate occupiers,
Emulating the transformation of other Victoria’s makeover has attracted new
major London public transport termini swathes of office occupiers including
King’s Cross and London Bridge, Victoria is Google, Rolls Royce, Channel 4 and
no longer a place just to catch a train but a Moet Hennessey. It is growing in stature,
prosperous and thriving location, befitting housing the headquarters of high-fashion
its prime central postcode. companies including Tom Ford, Giorgio
Armani, Jimmy Choo and Burberry. London’s second busiest station A station fit for a queen Crossrail 2
Flanked by Belgravia, Westminster and the
trappings of iconic Royal London to the The area has an extensive offering of fine 85 Buckingham Gate benefits from two Victoria’s £700million station upgrade, Victoria is presently London’s second
north, Victoria has cemented its identity dining and hospitality - names like Quilon, Underground connections: St James’s doubling its size and providing step- busiest station with 82 million journeys
as an exciting and appealing destination Boisdale, Barbecoa and The Goring, whilst Park (District & Circle Lines) a four- free access to all platforms is due for passing through each year, a figure that
in its own right. A place of work, leisure an array of retail sees favoured high street minute walk and Victoria (Victoria, completion in 2018. The new entrance Crossrail 2 would increase by 10 per cent.
and to live, home to some of the capital’s names alongside the luxury boutiques District & Circle lines, National Rail, in Cardinal Place, connecting directly Victoria would be a key interchange
most celebrated mixed-use developments of Elizabeth and Ebury Street. Add to the Gatwick Express) a six minute walk to the Victoria line, opened in January should Crossrail 2 be approved, lying
including Nova, Cardinal Place and the mix its popular theatres and Victoria has accessed by the new entrance on 2017 granting access to the station from at the centre of the route that would
innovatively designed Zig Zag building. indisputably transformed itself into the Bressenden Place, in Cardinal Place. the junction of Bressenden Place and traverse the city north and south,
quintessential central London locale. Santander Cycles can be docked on Victoria Street. connecting Surrey and Hertfordshire.
Buckingham Gate itself, 150m from the
building (10 spaces) and also on Butler
Place (12 spaces), 300m away.
Journey Times from Victoria Station
Sloane Square Vauxhall Westminster South Kensington Euston
2 mins 3 mins 3 mins 4 mins 7 mins
King’s Cross Waterloo Bond Street London Bridge Bank
8 mins 8 mins 9 mins 11 mins 16 mins
(Elizabeth Line)
8 9
VI C TO R I A R EG EN ER AT I O N
2. V
ictoria Station Stockley House
3.
£700 million upgrade 109 residential units
Victoria’s expanding Delivery 2018 Delivery 2020+
commercial draw
Victoria’s regeneration is one of the largest Central London has
seen; a 21st century commercial district that unites Victoria’s
contrasting parts - the civic structures of St James’s and Royal
London with the transport hub of Victoria Station and the provision
of much needed office space outside of The City. A vision realised,
according to the heavyweight team of architects behind the 1. Nova South & Nova North Verde
4. The Zig Zag Building
5.
masterplan, as “a place where people will actually want to walk.” 5,600,000 sq ft mixed-use scheme 320,000 sq ft mixed-use 232,000 sq ft mixed-use
Delivery 2016-2018 scheme Completed scheme Competed
85
BUCKINGHAM
GATE
11 Kings Gate
6. 7. 55 Victoria Street 8. 10 Broadway 10-18 Victoria Street
9.
102 residential units 57 residential units 530,000 sq ft mixed-use 150,000 sq ft mixed-use
9
Completed Completed scheme scheme
8 12
Delivery 2018 Delivery 2025+
10
4
13
7
6
1 5
4 Victoria Street
11. 12. 1 Victoria Street
115,000 sq ft mixed-use 500,000 sq ft mixed-use
scheme scheme Delivery 2020+
Delivery 2020+
2
3
10. The Broadway Sanctuary Buildings
13.
Former New Scotland Yard police HQ 230,000 sq ft office scheme
485,000 sq ft residential space, 146,000 sq ft commercial Delivery 2021+
space, 37,500 sq ft retail space Delivery 2021+
10 11
SI T UAT I O N
The building is situated on the north side of
Buckingham Gate approximately 50 metres
west of the junction with Petty France.
Directly opposite is a residential mews whilst
Castle Lane and Wilfred St connect through
to the thoroughfare of Palace Street.
FB
85 78
81
84
ST
ED
BU
FR
CK
IN
IL
GH
W
35 AM
GA
TE
36
E
N
LA
LE
ST
A
C
Westminster 38
Chapel
a
37
0m 5m 10m 15m
12 13
T H E BUI L D I N G
Originally constructed in 1988, 85 Buckingham Gate was
refurbished in 2011 to a Grade A specification including
VRF air conditioning, raised floors, plaster and metal
tiled suspended ceilings incorporating LG7 compliant
lighting with PIR sensors, new passenger lift and a
modernized reception area and stairs.
Its distinctive frontage with the three round bays
provides extensive natural light throughout. The
building comprises a total of 10,953 sq ft NIA / 15,629 sq
ft GIA of open plan accommodation on lower ground,
ground and 1st – 6th floors with a courtyard accessible
from lower ground and potential for an outdoor terrace,
subject to planning permission on the third floor. The
lower ground floor also features a bicycle store and
showering facilities.
T E N A NCY
The property will be sold with vacant possession, save
for a lease to Development Intelligence Limited on
the first floor, at a rent of £85,000.00 per annum. This
lease is contracted outside of the 1954 Act, and will
expire 25th February 2018.
14 15
ACC O M M ODATION
The property has been Measured by Malcolm Hollis in
accordance with RICS Property Measurement, 1st Edition
(May 2015). These areas also include storage and reception.
GIA N IA IM P S 2 IM P S 3
FLO O R USE
SQ M SQ FT SQ M SQ FT SQ M SQ FT SQ M SQ FT
6 Office 112.9 1,215 73.3 788 116.6 1,255 81.8 880
5 Office 154.7 1,665 117.4 1,264 158.7 1,708 122.9 1,323
4 Office 179.2 1,929 142.5 1,534 183.1 1,971 146.8 1,580
3 Office 179.2 1,929 142.5 1,534 183.1 1,971 146.8 1,580
2 Office 239.4 2,577 201.9 2,174 243.7 2,623 206.6 2,224
1 Office 191.6 2,062 154.3 1,661 195.3 2,102 158.3 1,704
Office 182.0 1,959 104.2 1,122 184.3 1,984 106.0 1,141
Storage 3.4 37 3.4 37
G
Reception 32.0 344 32.7 352
Total 139.6 1,503 142.1 1,530
Office 213.1 2,293 39.4 424 214.0 2,303 40.6 437
LG Storage 6.6 71 6.6 71
Total 46.6 495 47.2 508
TOTAL 1,452.10 15,629.00 1,017.50 10,953.00 1,478.80 15,917.00 1,052.50 11,329.00
16 17
ACC O M M ODATION AC C OM M ODAT I ON
Lower ground First Floor
Bicycle Store
Pump Room
Lift Riser
Riser
Lift Riser
Riser
Courtyard
BUCKINGHAM GATE
Riser
Riser
B U C K I N G H A M GAT E
B U C K I N G H A M GAT E
Disabled Cleaner's
Cupboard
Toilet
Boiler Room
Bicycle Store Bicycle Store
U S E A B L E O F F I C E S PA C E U S E A B L E O F F I C E S PA C E
Pump Room Pump Room
Lift Riser Lift Riser
Riser
Riser
Courtyard Courtyard
BUCKINGHAM GATE
BUCKINGHAM GATE
Riser Riser
Disabled Cleaner's Disabled Cleaner's
Cupboard Cupboard
Toilet Toilet
Boiler Room Boiler Room
FIRST FLOOR NOTES IPMS 2: Offices IPMS 3: Offices
ND FLOOR Ground NOTES
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2
IPMS 2: Offices
214.0 sq m 2,303 sq ft Office
IPMS 3: Offices
40.6 sq m 437 sq ft
Second Floor 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.
IPMS 2 195.3 sq m 2,102 sq ft Office 158.3 sq m 1,704 sq ft
2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
140 London Wall
PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. 140 London Wall
3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 195.3 sq m 2,102 sq ft TOTAL IPMS 3 AREA: 158.3 sq m 1,704 sq ft London
4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 85 BUCKINGHAM GATE EC2Y 5DN
GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN LONDON
STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY The following breakdown lists the Limited Use Areas
MEASUREMENT STANDARDS] Columns 0.3 sq m 3 sq ft
TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft
SW1E 6PD
MEASUREMENT STANDARDS] Interface Adjustment 3.7 sq m 40 sq ft
Corridor The following breakdown lists the Limited Use Areas T 020 7622 9555
Columns 0.1 sq m 1 sq ft T 020 7622 9555 REVISIONS FC 0.87 Floor to window cill height
W malcolmhollis.com
REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft CH 1.46 Cill to window head height
LOWER GROUND FLOOR NOTES
CH 1.46 IPMS 2: Offices
Cill to window head height IPMS 3: Offices
Door Recess
W malcolmhollis.com LOWER GROUND FLOOR NOTES IPMS 2: Offices IPMS 3: Offices DRAWN BY SURVEY DATE
0.2 sq m 2 sq ft
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Office 40.6 sq m 437 sq ft DRAWN BY SURVEY DATE F2.70
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 Floor to false
214.0ceiling
sq m height
2,303 sq ft Office 40.6 sq m 437 sq ft AGB 0
F2.70
2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
Floor to false ceiling height AGB 01.08.17 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft 140 London Wall PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 6.6 sq m 71 sq ft 140 London Wall
SCALE CHECKED
4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN SCALE CHECKED
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN 1:100 TP
TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft
LONDON MEASUREMENT STANDARDS] 1:100 TP LONDON MEASUREMENT STANDARDS]
SW1E 6PD The following breakdown lists the Limited Use Areas
SW1E 6PD The following breakdown lists the Limited Use Areas
DRAWING NO.
Columns 0.1 sq m 1 sq ft T 020 7622 9555 Columns 0.1 sq m 1 sq ft T 020 7622 9555
REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft DRAWING NO. REV. NO. FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft
W malcolmhollis.com REVISIONS W malcolmhollis.com
CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft CH 1.46 Cill to window head height Door Recess 0.2 sq m 2 sq ft 61060-AI-1
DRAWN BY SURVEY DATE DRAWN BY SURVEY DATE
61060-AI-LG
F2.70 Floor to false ceiling height AGB 01.08.17
Lift F2.70 Floor to false ceiling height
Riser
AGB 01.08.17
Riser
Lift Riser SCALE CHECKED SCALE CHECKED
Riser
1:100 TP 1:100 TP
DRAWING NO. REV. NO. DRAWING NO. REV. NO.
BUCKINGHAM GATE
61060-AI-LG 61060-AI-LG
Riser
Riser
B U C K I N G H A M GAT E
B U C K I N G H A M GAT E
Common Reception
Bicycle Store Bicycle Store
U S E A B L E O F F I C E S PA C E U S E A B L E O F F I C E S PA C E
Pump Room Pump Room
Lift Riser Lift Riser
Riser
Riser
RECEPTION
Courtyard Courtyard
BUCKINGHAM GATE
Riser
BUCKINGHAM GATE Riser
Disabled Cleaner's Disabled Cleaner's
Cupboard Cupboard
Toilet Toilet
Boiler Room Boiler Room
SECOND FLOOR NOTES
Plans not to scale. For indicative purposes only and shown without tenants’ fit out.
IPMS 2: Offices IPMS 3: Offices
OR NOTES
Plans not to scale. For indicative purposes only and shown without tenants’ fit out.
IPMS 2: Offices IPMS 3: Offices
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 243.7 sq m 2,623 sq ft Office 206.6 sq m 2,224 sq ft
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 184.3 sq m 1,984 sq ft Office 106.0 sq m 1,141 sq ft 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
37 sq ft 140 London Wall
PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. 140 London Wall
3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Storage 3.4 sq m 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 243.7 sq m 2,623 sq ft TOTAL IPMS 3 AREA: 206.6 sq m 2,224 sq ft London
4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 184.3 sq m 1,984 sq ft London 85 BUCKINGHAM GATE EC2Y 5DN
GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY The following breakdown lists the Limited Use Areas
STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN LONDON MEASUREMENT STANDARDS]
19 Columns 0.4 sq m 4 sq ft
18
TOTAL IPMS 3 AREA: 109.4 sq m 1,178 sq ft
SW1E 6PD
MEASUREMENT STANDARDS] Interface Adjustment 4.3 sq m 46 sq ft
The following breakdown lists the Limited Use Areas T 020 7622 9555
Columns 0.2 sq m 2 sq ft T 020 7622 9555 REVISIONS FC 0.87 Floor to window cill height
W malcolmhollis.com
REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 1.6 sq m 17 sq ft CH 1.46 Cill to window head height
CH 1.46 Cill to window head height IPMS2 Interface Adjustment
W malcolmhollis.com DRAWN BY SURVEY DATE
0.7 sq m 8 sq ft
DRAWN BY SURVEY DATE F2.70 Floor to false ceiling height AGB 0
LOWER GROUND FLOOR NOTES IPMS 2: Offices IPMS 3: Offices
The following has been EXCLUDED from the Area: AGB 01.08.17 LOWER GROUND FLOOR NOTES IPMS 2: Offices IPMS 3: OfficesACC O M M ODATION AC C OM M ODAT I ON
Third Floor Fifth Floor
Lift Riser Lift Riser
Riser
Riser
BUCKINGHAM GATE
BUCKINGHAM GATE
Riser Riser
B U C K I N G H A M GAT E
B U C K I N G H A M GAT E
Restricted Headroom
Bicycle Store Bicycle Store
U S E A B L E O F F I C E S PA C E U S E A B L E O F F I C E S PA C E
Pump Room Pump Room
Lift Riser Lift Riser
Riser
Riser
Courtyard Courtyard
BUCKINGHAM GATE
BUCKINGHAM GATE
Riser Riser
Disabled Cleaner's Disabled Cleaner's
Cupboard Cupboard
Toilet Toilet
Fourth Foor
THIRD FLOOR
Sixth Floor
FIFTH FLOOR
NOTES IPMS 2: Offices IPMS 3: Offices NOTES IPMS 2: Offices IPMS 3: Offices
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 183.1 sq m 1,971 sq ft Office 146.8 sq m 1,580 sq ft 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 158.7 sq m 1,708 sq ft Office 122.9 sq m 1,323 sq ft
2) MALCOLM HOLLIS SHALL BERoom
Boiler INFORMED IN WRITING OF ANY DISCREPANCIES. 2) MALCOLM HOLLIS SHALLBoiler
BE INFORMED
Room IN WRITING OF ANY DISCREPANCIES.
PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. 140 LondonPROPERTY
Wall 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. 140 L
4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 183.1 sq m 1,971 sq ft TOTAL IPMS 3 AREA: 146.8 sq m 1,580 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 158.7 sq m 1,708 sq ft TOTAL IPMS 3 AREA: 122.9 sq m 1,323 sq ft Lond
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y
The following breakdown lists the Limited Use Areas The following breakdown lists the Limited Use Areas
LONDON MEASUREMENT STANDARDS] Columns 0.4 sq m 4 sq ft LONDON MEASUREMENT STANDARDS] Columns 0.4 sq m 4 sq ft
SW1E 6PD Interface Adjustment 3.9 sq m 42 sq ft
SW1E 6PD Interface Adjustment 4.0 sq m 43 sq ft
T 020 7622 9555 Restricted Headroom 1.1 sq m 12 sq ft T 02
REVISIONS FC 0.87 Floor to window cill height FC 0.87 Floor to window cill height
CH 1.46 Cill to window head height
W malcolmhollis.com REVISIONS
CH 1.46 Cill to window head height
Wm
DRAWN BY SURVEY DATE DRAWN B
F2.70 Floor to false ceiling height AGB 01.08.17 F2.70 Floor to false ceiling height
SCALE CHECKED SCALE
1:100 TP
DRAWING NO. REV. NO. DRAWING
61060-AI-3
Lift Riser Lift Riser
Riser
Riser
LOWER GROUND FLOOR NOTES IPMS 2: Offices IPMS 3: Offices
LOWER GROUND FLOOR NOTES IPMS 2: Offices IPMS 3: Offices
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Office 40.6 sq m 437 sq ft 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 214.0 sq m 2,303 sq ft Office 40.6 sq m 437 sq ft
BUCKINGHAM GATE
BUCKINGHAM GATE
2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Riser
Storage 6.6 sq m 71 sq ft 140 London Wall PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING. Riser
Storage 6.6 sq m 71 sq ft 140 London Wall
4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 214.0 sq m 2,303 sq ft London
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN
TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft TOTAL IPMS 3 AREA: 47.2 sq m 508 sq ft
LONDON MEASUREMENT STANDARDS] LONDON MEASUREMENT STANDARDS]
SW1E 6PD The following breakdown lists the Limited Use Areas
SW1E 6PD The following breakdown lists the Limited Use Areas
T 020 7622 9555 T 020 7622 9555
Restricted Headroom
Columns 0.1 sq m 1 sq ft Columns 0.1 sq m 1 sq ft
B U C K I N G H A M GAT E
B U C K I N G H A M GAT E
REVISIONS FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft FC 0.87 Floor to window cill height Interface Adjustment 0.9 sq m 10 sq ft
CH 1.46 Cill to window head height Door Recess
W malcolmhollis.com REVISIONS
CH 1.46 Cill to window head height Door Recess
W malcolmhollis.com
0.2 sq m 2 sq ft 0.2 sq m 2 sq ft
DRAWN BY SURVEY DATE DRAWN BY SURVEY DATE
F2.70 Floor to false ceiling height AGB 01.08.17 F2.70 Floor to false ceiling height AGB 01.08.17
SCALE CHECKED SCALE CHECKED
1:100 TP 1:100 TP
DRAWING NO. REV. NO. DRAWING NO. REV. NO.
61060-AI-LG 61060-AI-LG
Bicycle Store Bicycle Store
U S E A B L E O F F I C E S PA C E U S E A B L E O F F I C E S PA C E
Pump Room Pump Room
Lift Riser Lift Riser
Riser
Riser
Courtyard Courtyard
BUCKINGHAM GATE
BUCKINGHAM GATE
Riser Riser
Disabled Cleaner's Disabled Cleaner's
Cupboard Cupboard
Toilet Toilet
FOURTH FLOOR NOTES IPMS 2: Offices IPMS 3: Offices
SIXTH FLOOR Plans not to scale. For indicative purposes only and shown without tenants’
NOTES
fit out.
IPMS 2: Offices IPMS 3: Offices
Plans not to scale. For indicative purposes only and shown without
IPMS 2
tenants’ fit out.
183.1 sq m
1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. 1,971 sq ft Office 146.8 sq m 1,580 sq ft 1) ALL DIMENSIONS TO BE CHECKED ON SITE AND NOT SCALED FROM THIS DRAWING. IPMS 2 116.6 sq m 1,255 sq ft Office 81.8 sq m 880 sq ft
2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES. 2) MALCOLM HOLLIS SHALL BE INFORMED IN WRITING OF ANY DISCREPANCIES.
PROPERTY 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING.
Boiler Room
140 LondonPROPERTY
Wall 3) ALL DIMENSIONS ARE IN METRES. SCALED FROM THIS DRAWING.
Boiler Room
140 L
4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 183.1 sq m 1,971 sq ft TOTAL IPMS 3 AREA: 146.8 sq m 1,580 sq ft London 4) ALL AREAS ARE MEASURED IN ACCORDANCE WITH THE RICS PROFESSIONAL TOTAL IPMS 2 AREA: 116.6 sq m 1,255 sq ft TOTAL IPMS 3 AREA: 81.8 sq m 880 sq ft Lond
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y 5DN
85 BUCKINGHAM GATE STATEMENT: PROPERTY MEASUREMENT [INCORPORATING INTERNATIONAL PROPERTY EC2Y
The following breakdown lists the Limited Use Areas The following breakdown lists the Limited Use Areas
LONDON MEASUREMENT STANDARDS]
20 Columns 0.4 sq m 4 sq ft LONDON MEASUREMENT STANDARDS]
21 Interface Adjustment 3.7 sq m 40 sq ft
SW1E 6PD Interface Adjustment 3.9 sq m 42 sq ft
SW1E 6PD Restricted Headroom 4.8 sq m 52 sq ft
T 020 7622 9555 T 02
REVISIONS FC 0.87 Floor to window cill height FC 0.87 Floor to window cill height
CH 1.46 Cill to window head height
W malcolmhollis.com REVISIONS
CH 1.46 Cill to window head height
Wm
DRAWN BY SURVEY DATE DRAWN B
F2.70 Floor to false ceiling height AGB 01.08.17 F2.70 Floor to false ceiling heightO C CUPATIONAL MA R KE T CO MMENTA RY
36 Broadway 80 Victoria Street 62 Buckingham Gate
Verde SW1
Victoria, the largest West End office submarket, was
A DDR E SS DAT E FLO OR SI ZE (SQ FT) RE NT/ SF/ YR TE RM B RE A K DATE TE N A N T once home to a high concentration of large-scale public
sector occupiers, owing to its proximity to Parliament and
Whitehall. It has since undergone a radical transformation,
25-27 Buckingham Palace Rd July 2017 2nd 3,471 £67.50 10 years 5th year Cohort
with financial services, media, fashion and professional
services businesses locating there in the past few years.
80 Victoria Street July 2017 2nd 7,414 £73.00 10 years 5th year DownUnder GeoSolutions
The Victoria office leasing market saw c.42% prime rental
The Asticus Building, 21 Palmer St July 2017 7th 6,414 £78.00 10 years 5th year Credit Suisse Quantitative and Systematic Asset Management
growth in the five years to Q2 2016 and take-up has remained
healthy through the end of 2016 through to 2017. This has
been demonstrated by a series of recent large transactions
123 Victoria Street May 2017 2nd 9,324 £59.37 To 2023 - CDC Group plc including: PA Consulting at Verde SW1 (58,500 sq ft), Child &
Child at Nova North (23,000 sq ft) and The Office Group at
62 Buckingham Gate March 2017 4th 5,301 £70.00 8 .5 years - South 32 Ltd
84 Ecclestone Square (70,000 sq ft).
The vacancy rate in Victoria currently sits at 4.7%, this is
Verde SW1 March 2017 Part 1st 5,115 £73.50 5 years 3rd year Marlin Equity Partners Ltd expected to fall as more corporate occupiers continue
to relocate from the core markets of Mayfair, St James’s
36 Broadway February 2017 5th 2,780 £68.00 10 years 3rd year Genel Energy and Marylebone, drawn by lower rents and business rates.
Importantly for 85 Buckingham Gate, the Victoria and
Westminster submarkets continue to suffer from an under-
36 Broadway February 2017 1st 2,794 £65.00 10 years 5th year Tech Partnership
supply of high quality smaller floor plates of sub-3,000 sq ft.
22 23I N V E STM E NT MA R KE T CO MMENTA RY
In H1 2017, total investment volume stood at £4.1bn,
Townsend House, Greycoat Place, SW1 Buckingham Court, 75-83 Buckingham Gate, SW1 110 Tottenham Court Road, W1 Craven House, 121 Kingsway, WC2
which is 5% up on the five-year quarterly average.
During Q2 2017, the West End saw £1.7 billion
transacted, 30% up on the corresponding period
last year.
Victoria remains one of the West End’s most sought
after submarkets, with relative capital value and
rental growth still achievable compared with other
nearby opportunities. The area is dominated by
large landlords such as Land Securities and Tishman
Chandos Place, WC2
Speyer who continue to strategically manage the
development pipeline resulting in a continued
supply of mixed use schemes featuring large open
floor plates. This has resulted in a lack of stock
of sub 5,000 sq ft floor plates, like those seen in
19 Dacre Street, SW1 13-14 Buckingham Gate, SW1
smaller properties such as 85 Buckingham Gate.
A major trend in Victoria, during the last five
years has been the conversion of office space to
alternative uses, most notably residential. As a
result, the availability of small commercial freehold
opportunities, such as 85 Buckingham Gate, is rare.
A DDR E SS DAT E SIZ E TE N U RE TE N A N TS PRICE P U RC HA S E R
£18.50m
Private Hong Kong
Townsend House, Greycoat Place, SW1 September 2016 17,683 sq ft (NIA) Freehold London Underground Limited 3.07% NIY
Investor
£1,046 psf
£17.65m – Off market
19 Dacre Street, SW1 May 2016 17,342 sq ft (NIA) Freehold Colas Rail Limited 3.34% NIY Floreat Real Estate
£1,017 psf
£16.94m
Private Residential
13-14 Buckingham Gate, SW1 October 2015 12,747 sq ft (NIA) Freehold Multi let 2.57% NIY
Developer
£1,329 psf
£15.0m
Cheval Property
Buckingham Court, 75-83 Buckingham Gate, SW1 August 2015 16,060 sq ft (NIA) Freehold Multi let 2.90% NIY
Management
£934 psf
£24.0m
Private European
110 Tottenham Court Road, W1 April 2017 15,863 sq ft Freehold Multi let 4.01% NIY
Investor
£1,512 psf
£23.0m
Private Chinese
Craven House, 121 Kingsway, WC2 February 2017 21,816 sq ft Freehold Multi let 3.54% NIY
Investor
£1,054 psf
£23.5m (Quoting)
Chandos Place, WC2 Available 19,504 sq ft Freehold Regus Group 4.00% NIY Private Investor
£1,205 psf
24 25F U RT HE R INFORMATI O N
PLANNING CONTACT
A planning appraisal has been produced by Quod, dated August For further information or to arrange an inspection
2017. It concludes that 85 Buckingham Gate has not been please contact:
identified as being of national or local heritage significance
and it is likely, therefore, that proposals for regeneration of Christopher Strong
the site that will optimise its potential and make a greater T. 0207 911 2080
contribution to the success of London as a world-class city christopher.strong@gva.co.uk
would be supported in planning policy. A copy of the full report
is available on request.
Ginny Cordy-Redden
020 7911 2735
EPC ginny.cordy-redden@gva.co.uk
D
Patrick O’Keeffe
020 7911 2768
VAT pok@gva.co.uk
We understand that the property is elected for VAT
Charles Walker
T. 020 7911 2687
DATA SITE charles.walker@gva.co.uk
Please contact GVA for access to the data site
PROPOSAL
GVA
Price upon application
Berkeley Square House, Berkeley Square, London W1J 6BR
GVA is the trading name of GVA Grimley Limited an Apleona company.
September 2017 GVA hereby gives notice that the information provided (either for itself, for any joint agents
or for the vendors lessors of this property whose agent GVA is 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 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 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.
0207 911 2779
gva.co.uk/0000
26 2785buckinghamgate.com
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