WELBECK HOUSE 66-67 · apartments. Close to the newly developed Fitzroy Place - the newest Square in London for over a century featuring a mix of luxury new homes, officesand t retail

ENTER

LONDON • W1T 3PY

66-67

WELBECK HOUSE

WELLS STREET

SUMMARY

• A rare opportunity to acquire a freehold commercial investment/development property in the heart of Fitzrovia.

• Planning consent has been obtained to redevelop the site to provide a mixed use, predominatelyofficebuilding,of approximately1,491sqm(16,050sqft)of GrossInternal FloorSpace(NIA1,214sqm-13,070sqft).ExistingNIA-849sqm(9,142sqft).

• ApreviousbutlapsedplanningconsentwasobtainedinMarch2014fortheextensionand conversionof thebuildingtoprovidesevenresidentialflatsontheupperfloorsandretaining thegroundandbasementfloors.

• Currentlyproducing£271,000pauntilOctober/November2020withavacantsuiteon thefirstfloor.

• Unconditionaloffersareinvitedinexcessof £10,000,000forthefreeholdinterest,subjectto the existing tenancies.

TENANCY SCHEDULEAMENITIES FURTHERINFOFLOORPLANS

FREEHOLDCOMMERCIALINVESTMENT/DEVELOPMENTPROPERTY INTHEHEARTOFFITZROVIA

WELBECK HOUSE

SUMMARY LOCATION DESCRIPTION&PLANNING SITEPLAN AERIAL

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LOCATION

Thepropertyislocatedintheheartof FitzroviawithintheCityof Westminster.WellsStreetissurroundedbytheWestEnd’sadjoiningneighbourhoodsof Soho,Bloomsbury,MayfairandMarylebone.Fitzroviaisknownforitsrichhistoryandoncethrivingragtrade.Itnowcomprises a unique blend of residential and commercial uses with many media companies and galleries revitalising the area.

Thepropertyislocatedonthewesternsideof WellsStreettothesouthof MortimerStreetandishometoamixof officesandresidentialapartments.ClosetothenewlydevelopedFitzroyPlace-thenewestSquareinLondonforoveracenturyfeaturingamixof luxurynewhomes,officesandretailuses.RathboneSquare,whichisalsoanewmixed-usedevelopmentcomprisingover200,000sqftof officesand142apartments,isclosebywhichhasbecomeFacebook’sLondonH.Q.

ThepropertycomeswithintheCentralActivitiesZone(CAZ)andtheEastMaryleboneConservationArea.ThepropertyiswellservedbytransportlinkswithnumerousbuslinksnearbyandOxfordCircusandGoodgeStreetUndergroundStationswithinashortwalkingdistance.ThenewElizabethLine(Crossrail)isscheduledtoopenin2020/2021.

Local occupiers include Estee Lauder, Facebook, Sony, BBC and Arup. Hotels include Sanderson London, The London Edition and TheCharlotteStreetHotelwithnumerousnicherestaurantsinthewell-establishedCharlotteStreetarea.Fitzroviahasbecomeoneof London’s most fashionable destinations with an abundance of amenities.

Euston Square

Goodge Street

Warren Street

Great PortlandStreet

Regent’s Park

Oxford Circus

ParkSquare

West

Euston SquareGardens

Soho Square

Hanover Square

CavendishSquare

Gardens

FitzroySquare

Gardens

A501

A501

A400

A400

A400

A5204

A4201

A4201

A5204

Bourlet ClNassau St

Foley St

Riding House St

Margaret St

Margaret St

Howland St

Triton St

Maple St

Warren St

Grafton Way

Harley St

Brook St

Poland St

Wardour St

Berners St

Rathbone Pl

Beak St

Grosvenor St

Hanson St

Cleveland St

University ofWestminster

Hallam

St

Bolsover St

Wells St

VIEW AMENITY MAP


WELBECK HOUSE

TENANCY SCHEDULEAMENITIES FURTHERINFOSUMMARY LOCATION DESCRIPTION&PLANNING SITEPLAN AERIALFLOORPLANS

DESCRIPTION

Thepropertycurrentlycomprisesamainstructureonbasement,groundandfourupperfloorsandalinkedrearextensionplannedonthelowergroundandgroundfloor.ThebuildingisdoublefrontedhavinganexternalfrontagetoWellsStreetof approximately14m(46sqft).Itisof traditional construction with a mixture of roof coverings.

PLANNING

Planningconsentwasgrantedonthe5December2017(17/02705/FULL)forthe‘demolitionof theexistingbuildingandexcavationatbasementlevel,andredevelopmenttoprovideanewbuildingcomprisingbasement,groundfloorandfourupperfloorswithretailuseatpartgroundfloorandpartbasementlevelandofficeuseatpartgroundfloorandpartbasementandatupperlevels’.Linkedto17/12711/LBC,consent17/02705/FUL. ListedBuildingconsentwasobtainedforthealterationsof therearwallof AllSaintsChurch.Theconsentissubjecttoanumberof conditions.FulldetailscanbefoundintheInformationPack.TherewillbeacombinedMayoralandWestminsterCILchargewhichwebelieveis£83,250.Theplanningconsentprovidesforapproximately1,491sqm(16,050sqft)of GIAand1,214sqm(13,070sqft)NIA.

ThepropertycomeswithintheEastMaryleboneConservationAreabutitisnotalistedbuilding.Theschemeproposesanewfivestoreybuildingwithanextendedbasementhavingagreaterheightandaprojectionattherear.

A previous planning consentwas granted in 2011 and renewed in 2014 for the conversion and extension of the upper floors to provide 7 self-contained flats over the existing ground and basement floors. The flats to comprise 2 x three bedroom units, 2 x two bedroom units, 2xonebedroomunitsand1xstudioflat.

VIEW FLOORPLANS


WELBECK HOUSE


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WELBECK HOUSE

TENANCY SCHEDULEAMENITIES FURTHERINFOFLOORPLANSSUMMARY LOCATION DESCRIPTION&PLANNING SITEPLAN AERIAL

FLOORPLANS • Basement •Ground •1stFloor •2ndFloor•3rdFloor•4thFloor

SubstationNO ACCESS

LIFT MOTORROOM

VAULT

VAULT

W/C

W/C

RETAIL

STORAGE

W/C

W/C

OFFICE KITCHENETTEBOILER ROOM

Building line above

REAR EXTENSION MAIN BUILDING

STORAGE

North

1Basement FloorExisting

NOT FORCONSTRUCTION

0 5 10 m1:100 1 2

A3

REV DESCRIPTION DATE

CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED

t: 020 3176 4481 www.cooleyarchitects.com

Architects123 Aldersgate Street London EC1A 4JQ

Cooley I

-

STATUS

BY CKD

General Notes:

1. Copyright of this drawing remains the sole property ofCooley Architects unless otherwise assigned in writing.

2. Figured dimensions are to be worked in all cases withany discrepancies reported to the Architect prior tocommencement of any work.

3. Setting-out is based on outline survey only. All dimensionsto be checked on site prior to construction/ordering.

4. All dimensions are to edge/centre of structural elementof wall or to grid-line, unless noted. If unclear consultCooley Architects.

-

Wells Street Properties Ltd

Welbeck House, 66-67 Wells Street

London, W1T 3PT

Marketing: Existing Basement Plan

IK Aug' 19 RC

1:100 A3 Information

B103829 EX D

RC 14.08.19Marketing Plan Issue IKARC 06.09.19Minor amendements IKB

Existing GIA = 2464.94sqft

Existing NIA = 1471.42sqft

RC 11.09.19GIA & NIA addedIKC12.09.19Minor amendments IKD

EXISTINGBASEMENT

LIFT

W/C

W/C

OFFICE BINSTORE

SHOW ROOM

RETAIL BINSTORE

CYCLE STORE

CYCLE STORE

RETAILOFFICE

Building line above

SubstationNO ACCESS

North

1Basement FloorProposed


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Proposed Basement Plan

IK Aug' 19 RC


B103829 DG E

0 5 10 m1:100 1 2

A3


09.09.19Minor amendements IKC

Proposed GIA = 3568.23sqft

Proposed NIA = 2552.12sqft

RC 11.09.19GIA & NIA addedIKD12.09.19Minor amendments IKE

PROPOSEDBASEMENT

ProposedGIA: 3,568.23 sq ft331.49 sq m ProposedNIA:2,552.12 sq ft 237.09 sq m

ExistingGIA: 2,464.94 sq ft228.99 sq m ExistingNIA: 1,471.42 sq ft 136.69 sq m

Existing

Allfloorareasareapproximate


WELBECK HOUSE


FLOORPLANS • Basement • Ground •1stFloor •2ndFloor•3rdFloor•4thFloor

OFFICE

RETAIL

RETAILOFFICE

OFFICE

OPEN SPACE


LIFT

COMMON

North

1Ground Floor Existing

0 5 10 m1:100 1 2

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-


Welbeck House, 66,67 Wells Street

London, W1T 3PT

Marketing: Existing Ground Floor Plan

IK Aug' 19 RC

1:100 A3 Informaton

00 03829 EX D

NOT FORCONSTRUCTION





EXISTINGGROUND

LIFT

RETAIL

RECEPTION

OFFICE

North

1Ground FloorProposed

0 5 10 m1:100 1 2

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Proposed Ground Floor Plan

IK Oct 16 GP


00 03829 DG E






PROPOSEDGROUND

ProposedGIA: 3,408.93 sq ft 316.69 sq m ProposedNIA:2,709.27 sq ft 251.69 sq m

ExistingGIA: 3,681.26 sq ft341.99 sq m ExistingNIA: 2,687.75 sq ft 249.69 sq m



WELBECK HOUSE


FLOORPLANS • Basement •Ground • 1st Floor •2ndFloor•3rdFloor•4thFloor

OFFICE

OFFICE

LIFT

W/C

W/C

OFFICE


OFFICE

ROOF

North

1First FloorExisting

NOT FORCONSTRUCTION

0 5 10 m1:100 1 2

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Existing First Floor Plan

IK Aug' 19 RC


01 02829 EX D





LIFT

OFFICE

North

1First FloorProposed


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Proposed First Floor Plan

IK Aug' 19 RC

1:100 A3 Informaion

01 02829 DG E

0 5 10 m1:100 1 2

A3






PROPOSEDFIRST

EXISTINGFIRST


ExistingGIA: 2,152.78 sq ft 199.99 sq m ExistingNIA: 1,807.26 sq ft167.89 sq m



WELBECK HOUSE


FLOORPLANS • Basement •Ground •1stFloor • 2nd Floor•3rdFloor•4thFloor

W/C

W/C

LIFT

MAIN BUILDING

OFFICE

OFFICE

North

1Second FloorExisting

NOT FORCONSTRUCTION

0 5 10 m1:100 1 2

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Existing Second Floor Plan

IK Aug' 19 RC


02 02829 EX D





LIFT

OFFICE

North

1Second FloorProposed


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Proposed Second Floor Plan

IK Aug' 19 RC


02 02829 DG E

0 5 10 m1:100 1 2

A3






PROPOSEDSECOND

EXISTINGSECOND


ExistingGIA: 1,577.98 sq ft 146.59 sq m ExistingNIA: 1,261.53 sq ft 117.19 sq m



WELBECK HOUSE


FLOORPLANS • Basement •Ground •1stFloor •2ndFloor• 3rd Floor•4thFloor

LIFT

W/C

MAIN BUILDING

OFFICE

North

1Third FloorExisting

NOT FORCONSTRUCTION

0 5 10 m1:100 1 2

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Existing Third Floor Plan

IK Aug' 19 RC

1:100 A3 Informetion

03 02829 EX D





LIFT

OFFICE

North

1Third FloorProposed


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





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London, W1T 3PT

Marketing: Proposed Third Floor Plan

IK Aug' 19 RC


03 02829 DG E

0 5 10 m1:100 1 2

A3






PROPOSEDTHIRD

EXISTINGTHIRD


ExistingGIA: 1,297.05 sq ft 120.49 sq m ExistingNIA: 1,040.87 sq ft 96.69 sq m


TENANCY SCHEDULEAMENITIES FURTHERINFOSUMMARY LOCATION DESCRIPTION&PLANNING SITEPLAN AERIAL


WELBECK HOUSE

FLOORPLANS

FLOORPLANS • Basement •Ground •1stFloor •2ndFloor•3rdFloor• 4th Floor

LIFT

W/C

MAIN BUILDING

OFFICE

North

1Fourth FloorExisting

NOT FORCONSTRUCTION

0 5 10 m1:100 1 2

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Existing Fourth Floor Plan

IK Aug' 19 RC


04 02829 EX D

RC 14.08.19Marketing Plan IssueIKARC 06.09.19Minor amendmentsIKB




LIFT

OFFICE

North

1Fourth FloorProposed

NOT FORCONSTRUCTION


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Marketing: Proposed Fourth Floor Plan

IK Aug' 19 RC


04 02829 DG E

0 5 10 m1:100 1 2

A3






PROPOSEDFOUR

EXISTINGFOUR


ExistingGIA: 1,075.31 sq ft 99.89 sq m ExistingNIA: 874.02 sq ft 81.19 sq m


BedfordSquareGardens

SohoSquareGardens

GREAT PO

RTLAND

ST

NEW CAVANDISH ST

CLIPSTONE ST

HOWLAND ST

CHITTY ST

SCALA STCHENIES ST

STORE ST

GOWER MEWS

BEDFORD SQUARE

BEDFORD SQUARE

BEDFORD AVE

GOWER ST

A5204

GOODGE ST

CAVANDISH PL

MARGARET ST

REGEN

T ST

REGEN

T STOXFORD ST

OXFORD ST

A40

RIDGEMOUNT ST

WHITFIELDT ST

CHARLOTTE ST

CLEVELAND ST

FOLEY ST

OG

LE STBOURLET CL

NASSAU ST

HAN

SON

ST

GREAT TITCH

FIELD ST

LITTLE PORTLAND ST

GREAT CASTLE ST

EASTCASTLE ST

WELLS ST

WELLS ST

GREAT MARLBOROUGH ST

CHARLOTTE ST

RATHBONE PL

BERNERS STL

BERNERS M

EWS

NEW

MAN

ST

CREEK ST

FRITH ST

DEAN

ST

POLAN

D ST

BERWICK ST

WARDO

UR ST

CRESSE ST

RATHBONE ST

HANWAY ST

ALFRED PL

CHA

RING

CROSS RD

TOTTENHAM COURT RD

TOTTENHAM CO

URT RD

A400

MORW

ELL ST

GOODGE STREET

OXFORD CIRCUS

TOTTENHAMCOURT ROAD

RIDIN

G HOUSE ST

6

3

4

2

5

1

9

1920

11

1224

7 23

18

16

8

22

10

21

17

141315

57

56

53

47

52

50

554948

58

44

4546

5154

31

39 38 3741

40

42

43

36

35

29

30

32

25

2628

33

34

27

XAMENITYMAP

1. The Mandrake Hotel2. Charlotte Street Hotel3. Sanderson London

4. The London Edition5. The Nadler Soho6. The Langham

HOTELS

RESTAURANTS

OFFICE OCCUPIERS

RETAILERS

DEVELOPMENTS

7. Gaucho8. Hakkasan9. The Riding House Cafe10. Berners Tavern11. Percy & Founders12. Mere13. Roka14. Pied a Terre15. Salt Yard

16. Bao17. The Ninth18. Crazy Bear19. Picture Fitzrovia20. Foley’s21. Lima22. Koba23. Dabbons24. The Kitchen Table

25. Facebook26. Elizabeth Arden27. Estee Lauder28. Arcadia29. London & Capital

30. Arup31. BBC32. Capita33. Ling34. Palantir

35. Primark36. Zara37. UrbanOutfitters38. TopShop39. Nike

40. New Look41. H&M42. Uniglo43. M&S

44. Rathbone Square45. Ampersand, 180 Wardour St46. Academy House47. 15-18 Rathbone Place48. 73-89 Oxford St & 1 Dean St49. 1 Oxford St50. Centerpoint Plaza51. One Bedford Avenue

52. 1-2 Stephen St53. The Copywright Building54. 65 Wells St55. Centre Point56. 80 Charlotte St57. 33 Foley St58. Oxford House, 76 Oxford St


WELBECK HOUSE


SITEPLAN

Temple

69

All Saints'

House

Vic

All Saints' Church

St Andrews

Chambers

24

1 to 2059

to 65

66 to

67

68

86

80 79

1

83 82

2

7

20

32 to 38Court

Magistrates'

LB

WELLS STREET

MARGARET STREET

Temple

69

MARYLEBONE PASSAGE

WELLS M

EWS

WELLS M

EWS

BOOTH'S PLACE

All Saints'

House

Vic

All Saints' Church

St Andrews

Chambers

18

24

19 to 23

25

24

1 to 2059

to 65

66 to

67

68

86

71 7

0

74

73 72

8

74

80 79

75 to 77

1

83 82

8

2

7

9a

9

16

55

71 to 69

St Georges House

20

11

45

32 to 38

49

13 12University of

58

47

Westminster

LB

© Crown Copyright 2008. All rights reserved. Licence number 100020449

WELLS STREET

MARGARET STREET

GP 09.06.16New DrawingED-

North

1Site PlanExisting

NOT FORCONSTRUCTION

201:500 10 50 m300

A3


CLIENT

PROJECT

DRAWING TITLE

DRAWING No

DRAWN BY

REV

SCALE SIZE

DATE CHECKED



Cooley I

-

STATUS

BY CKD

General Notes:





-



London, W1T 3PT

Site and Block Plan

IK Oct 16 GP

1:1250 1:500 A3 Planning

0S01829 DG A

2Block PlanExisting

0 50 125 m1:1250 10 100

A3

GP 23.12.16Planning ApplicationMP-GP 23.10.17Minor amendmentsGPA



WELBECK HOUSE

FLOORPLANS

WELBECK HOUSE


WELBECK HOUSE


66-67 WELLS STREET

FLOOR TENANT LEASE START LEASE END RENT

1stFloor(front) Vacant N/A N/A N/A

1stFloor(rear) Bradshaw&Bradshaw 11.12.2017 30.11.2020 £11,500pa

2ndFloor(front) CDILtd 13.04.2018 30.10.2020 See below

2ndFloor(rear) Ekstasy Ltd 09.01.2019 30.10.2020 £10,000pa

3rdFloor InvestmentServicesLtd 29.06.2018 30.10.2020 £45,000pa

4thFloor Kyco Trading Ltd 31.05.2019 30.10.2020 £22,500pa

GroundFloor&Basement (rearextension) CDILtd 13.04.2018 30.10.2020

£110,000pa(provisionforafixedupliftin13.04.2020to£125,000)

66 WELLS STREET

GroundFloor&Basement NobleFurs(RegentStreet)Ltd 25.06.2018 20.10.2020 £42,000pa

67 WELLS STREET

GroundFloor&Basement Rush Courier Services Ltd 31.10.2018 30.10.2020 £30,000pa

Basement UKPN(substation) 29.09.1949 26.09.2048 5pence(notcollected)

£271,000 pa


WELBECK HOUSE


All leases are contracted outside the Landlord and Tenant Act

Important Notice1.Particulars;theseparticularsarenotanofferorcontractnorpartof one.YoushouldnotrelyonstatementsbyDavisBrownintheparticularsorbywordofmouthorinwritingasbeingfactuallyaccurateabouttheproperty,itsconditionoritsvalue.NeitherDavisBrownnoranyjointagenthasanyauthoritytomakeanyrepresentationsaboutthepropertyordevelopmentandaccordinglyanyinformationgivenisentirelywithoutresponsibilityonthepartof theagents,sellersorlessors.2.Imagesphotographsandotherinformation:Anycomputergeneratedimages,plans,drawings,accommodationschedules,specificationdetailsorotherinformationprovidedabouttheproperty(“information”)areindicativeonly.Anysuchinformationmaychangeatanytimeandmustnotberelieduponasbeingfactuallyaccurateabouttheproperty.Anyphotographsareindicativeof thequalityandstyleof thedevelopmentandlocationanddonotrepresenttheactualfittingsandfurnishingsatthisdevelopment.3.Regulations:Anyreferencetoalterationstothepropertyoruseof anypartof thedevelopmentisnotastatementthatanynecessaryplanning,buildingregulationsorotherconsenthasbeenobtained.Thesemattersmustbeverifiedbyanyintendingpurchaser.DavisBrownisalimitedliabilitypartnershipregisteredinEnglandwithregisterednumber3604654.Ourregisteredofficeis1MargaretStreet,LondonW1W8RB,whereyoumaylookatalistof members’names.Designedby i-brochure.comOctober2019.

CONTACT

David Green02079071803

No.1MargaretStreetLondonW1W8RBTel:02076371066 John Eden02079071811

For further information, or to arrange a viewing, please contact a memberof thecommercialteambelow:

[email protected] [email protected]


WELBECK HOUSE

EPC’SAvailable upon request.

VATThepropertyhasnotbeenelectedforVAT.


Thesellerdoesnotundertaketoacceptthehighestbid,oranyofferreceived.Offersmuststateaspecificsumof moneytobepaidwiththenameandaddressof theirlegaladvisersandproof of funding.Itisintendedthatasuccessfulapplicantwouldbeabletoexchangecontractsonanunconditionalbasiswithin4weeksof receiptof acontractwithacompletiondatetobeagreed.SUBJECTTOCONTRACT

PURCHASERS’NOTICE

FLOORPLANS

ANTIMONEY LAUNDERING(AML)AnyofferacceptedissubjecttocompletingAML checks

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Documents

WELBECK HOUSE 66-67 · apartments. Close to the newly developed Fitzroy Place - the newest Square in London for over a century featuring a mix of luxury new homes, officesand t retail