TEMPLE CHAMBERS - allsop.co.uk

T E M P L EC H A M B E R S

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

O P P O R T U N I T Y

F O R S A L E

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3 - 7 T E M P L E A V E N U E | L O N D O N E C 4

C O N T E N T S

02/03

Highly prominent City of London office property benefitting from an exceptional 105 metre frontage.

Situated on the west side of Temple Avenue adjacent to Inner Temple and served by Temple and Blackfriars Underground Station and City Thameslink.

Attractive period building providing office, retail and ancillary accommodation comprising approximately 55,172 sq ft (5,125.6 sq m) arranged over lower ground, ground and five upper floors.

A new c. 150 year lease, subject to a gearing of 7.5% of Full Rack Rental Value will be granted by the Freeholder. The Lease will be subject to an initial ground rent of £75,000 per annum for the first 5 years, with five yearly reviews thereafter.

Multi-let to 57 tenants with a weighted average unexpired lease term of 2.56 years to lease expiries, and one year to breaks. The restaurant is let on a lease which is inside the 1954 Act, expiring in 2033.

All office leases are excluded from the provisions of sections 24-28 of the Landlord & Tenant Act 1954.

Total gross income of £1,150,765 per annum reflecting a highly reversionary overall rent of £35.55 per sq ft over the let office and retail accommodation. There is a further £76,700 per annum under offer.

Approximately c.41% (22,800 sq ft) of the property is vacant in suites ranging from c.100 sq ft to c.1,350 sq ft of which 2,098 sq ft is under offer.

Unrivalled asset management opportunity to enhance value immediately through either rolling or comprehensive refurbishment, leasing vacant suites and managing ongoing lease events.

Vacant possession of the majority of the second floor may be possible by mid-2023 allowing for comprehensive refurbishment.

Opportunity to establish a bespoke serviced office centre.

We are instructed to seek offers in excess of £26,500,000 (Twenty Six Million Five Hundred Thousand Pounds) in respect of a new c. 150 year lease, subject to a gearing of 7.5% of Rack Rental Value, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £480 per sq ft.

I N V E S T M E N T S U M M A R Y


04/05

BARBICAN

STATIONCITY THAMESLINK

STATIONTEMPLE

GARDENSCHANCERY

LANE

NEW STREET

SQUAREOLD

BAILEYLIVERPOOL STREET

STATION

MOORGATE

STATIONST PAUL'S STATION

BLACKFRIARS

STATION

CANNON STREET

STATIONMANSION HOUSE

STATIONBANK

STATIONLIVERPOOL STREET

STATIONST PAUL'S STATION

T E M P L EC H A M B E R S


06/07

Temple Chambers occupies the majority of the west side of Temple Avenue benefitting from an exceptional 105 metre frontage. The property sits at the junction of Tudor Street to the north and Victoria Embankment a short walk to the south, a key route linking the City of London to Midtown and thereafter the West End.

Temple Chambers is located in the heart of Central London, where the City connects with Midtown and the Capital’s financial, legal and professional world’s meet.

L O C A T I O N


08/09

Due to its proximity to the Royal Courts of Justice, the Central Criminal Court, the Commercial Courts and the four Inns of Court, the area has traditionally attracted numerous legal occupiers which today include Baker McKenzie, Freshfields and Taylor Wessing.

The area continues to witness increased demand from a number of the world’s leading Professional, Banking services and more recently Technology and Media companies. This demand supported by the proximity to Paternoster Square and One New Change, which offer a wide range of retail and leisure operators including Corney & Barrow, Paternoster Chop House, Hugo Boss, Reiss and The Ivy Asia.

Located in one of the most exciting sub-markets in Central London, the surrounding area continues to attract global occupiers including Unilever, Bank of America, Merrill Lynch and Goldman Sachs.

Neighbours

LUDGATE HILL

CANNON STREET

FARRIN

GD

ON

STREET

WATERLO

O BRID

GE

HIGH HOLBORN

N

EW F

ETTE

R LAN

E

C

HARTERHOUSE STREET

MO

ORG

ATE

LONDON WALL

SOU

THW

ARK

BRI

DG

E

SHAFT

ESBU

RY A

VEN

UE

LONG ACRE

GRAYS IN

N RO

AD

KING

SWAY

CH

ARIN

G C

ROSS RO

AD

HATTO

N G

ARD

EN

BLAC

KFR

IAR

S BRID

GE

LON

DO

N B

RID

GE

VICTORIA EMBANKMENT

QUEEN VICTORIA STREET

THEOBALDS ROAD

ALD

ERSGATE STREET

KING

WILLIAM

STREET

CH

ANC

ERY LAN

E

GUILFORD STREET

STRAND

ROSE

BERY

AVE

NU

E

FLEET STREET

UPPER THAMES STREET

FARRIN

GD

ON

ROA

D

CLERKENWELL ROAD

OLD STREET

HOLBORN

NEWGATE STREET

CHEAPSIDE

SOU

THAM

PTON

ROW

LINCOLN’S

INN FIELDS

CHISWELL STREET

STAMFORD STREET SOUTHWARK STREET

UNION STREET

TOOLEY STREET

LOWER THAMES STREET

TUDOR STREET

TEMPLE AV

ENU

E

MIL

LEN

IUM

BRID

GE

SmithfieldMarket

The Barbican

New StreetSquare

St. Paul'sCathedral

PaternosterSquare

Inner TempleGardens

CoventGarden

TateModern

CommercialCourts

Royal Courts of Justice

BLACKFRIARS

WATERLOOLONDONBRIDGE

SOUTHWARK

CHARINGCROSS

FARRINGDON

ST. PAUL’S

MANSIONHOUSE CANNON

STREET

TEMPLE

HOLBORN

COVENTGARDEN

MOORGATE

BANK

CHANCERYLANE

CITYTHAMESLINK

CITYTHAMESLINK

1

1

5

3

37

9

9

2 6

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6

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4

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L O C A T I O N

LUDGATE HILL

CANNON STREET

FARRIN

GD

ON

STREET

WATERLO

O BRID

GE

HIGH HOLBORN

N

EW F

ETTE

R LAN

E

C

HARTERHOUSE STREET

MO

ORG

ATE

LONDON WALL

SOU

THW

ARK

BRI

DG

E

SHAFT

ESBU

RY A

VEN

UE

LONG ACRE

GRAYS IN

N RO

AD

KING

SWAY

CH

ARIN

G C

ROSS RO

AD

HATTO

N G

ARD

EN

BLAC

KFR

IAR

S BRID

GE

LON

DO

N B

RID

GE

VICTORIA EMBANKMENT


THEOBALDS ROAD

ALD

ERSGATE STREET

KING

WILLIAM

STREET

CH

ANC

ERY LAN

E

GUILFORD STREET

STRAND

ROSE

BERY

AVE

NU

E

FLEET STREET

UPPER THAMES STREET

FARRIN

GD

ON

ROA

D

CLERKENWELL ROAD

OLD STREET

HOLBORN

NEWGATE STREET

CHEAPSIDE

SOU

THAM

PTON

ROW

LINCOLN’S

INN FIELDS

CHISWELL STREET

STAMFORD STREET SOUTHWARK STREET

UNION STREET

TOOLEY STREET

LOWER THAMES STREET

TUDOR STREET

TEMPLE AV

ENU

E

MIL

LEN

IUM

BRID

GE

SmithfieldMarket

The Barbican

New StreetSquare

St. Paul'sCathedral

PaternosterSquare

Inner TempleGardens

CoventGarden

TateModern

CommercialCourts


BLACKFRIARS

WATERLOOLONDONBRIDGE

SOUTHWARK

CHARINGCROSS

FARRINGDON

ST. PAUL’S

MANSIONHOUSE CANNON

STREET

TEMPLE

HOLBORN

COVENTGARDEN

MOORGATE

BANK

CHANCERYLANE

CITYTHAMESLINK

CITYTHAMESLINK

O C C U P I E R S

1 Freshfields2 Goldman Sachs3 JP Morgan4 Bird + Bird5 Baker McKenzie6 Saatchi & Saatchi7 Jones Day8 Deloitte9 Taylor Wessing10 Unilever

R E S T A U R A N T S

1 Brasserie Blanc2 Gaucho3 Chambers4 Radio Rooftop5 Natural Kitchen6 Roka7 STK Steakhouse8 Sea Containers9 Pegasus10 Ivy Asia

L E I S U R E & C U LT U R E

1 National Theatre2 Tate Modern3 Somerset House4 iMax Cinema5 Royal Festival Hall6 Aldwych Theatre7 New Street Square8 Lincoln's Inn Fields9 Temple Gardens10 Gabriel's Wharf

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5

5

10

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7

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92

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8

8

10


10/11

STONECUTTER COURT, EC4

Size: 344,000 sq ft

Completion: 2025

Developer: Ivanhoe Cambridge

FLEET HOUSE, EC4

Size: 54,000 sq ft

Completion: 2024

Developer: Under Offer

PETERBOROUGH COURT, EC4

Size: 280,000 sq ft

Completion: 2024

Developer: Qatari Royal Family

RIVER COURT, 120 FLEET STREET, EC4

Size: 405,000 sq ft

Completion: 2025

Developer: Chinese Estates Holdings

THE NORTHCLIFFE, EC4

Size: 200,000 sq ft

Completion: 2023

Developer: DWS

WHITEFRIARS, 65 FLEET STREET, EC4

Size: 230,000 sq ft

Completion: 2024

Developer: JMI

JUSTICE QUARTER, FLEET STREET, EC4

Size: 570,000 sq ft

Completion: 2025+

Developer: City of London Corporation

100 FETTER LANE, EC4

Size: 75,000 sq ft

Completion: 2024

Developer: YardNine and Beaumont

A RARE MIDTOWN DEVELOPMENT OPPORTUNITY

1

FLEET HOUSE EC4

3

EXECUTIVE SUMMARY

Prime Central London location, benefiting from a diverse local occupier base.

Excellent transport connections with Blackfriars, St Paul’s, Farringdon and Bank underground stations located a short walk from the property. The connectivity will be further enhanced by the arrival of Crossrail (Elizabeth Line) at Farringdon station.

The existing property comprises 42,885 sq ft NIA / 62,162 sq ft GIA of office, retail, leisure and ancillary accommodation arranged over two basements, ground and seven upper floors.

The property is multi-let to four principal tenants producing an annual income of £179,000, reflecting £4.17 per sq ft.

The existing leases provide the opportunity for vacant possession to be achieved on 4 months’ notice.

Full planning consent has been granted and implemented for an office-led development totalling 52,226 sq ft NIA / 77,974 sq ft GIA.

The consented scheme provides Grade A office accommodation totalling 45,187 sq ft NIA over 1st to 7th floors with an office reception at ground floor level. The scheme also includes two retail units and one flexible unit totalling 7,039 sq ft NIA arranged over ground and basement floors.

Designed to achieve a BREEAM “Excellent” rating, with potential for further improvements in sustainability and well-being strategies.

New long leasehold for a term of 150 years from the City of London Corporation at an annual rent equating to 10% of rents receivable, subject to minimum ground rent provisions. The long lessee will be required to seek freeholders consent to their proposed redevelopment or substantial refurbishment within 18 months of lease commencement.

1

5

2

6

3

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8

D E V E L O P M E N T S

LUDGATE HILL

CANNON STREET

FARRIN

GD

ON

STREET

WATERLO

O BRID

GE

N

EW F

ETTE

R LA

NE

CHARTERHOUSE STREET

GRAYS IN

N RO

AD

HATTO

N G

ARD

EN

BLA

CK

FRIA

RS BR

IDG

E

VICTORIA EMBANKMENT


THEOBALDS ROAD

ALD

ERSGATE STREET

CH

AN

CERY LAN

E

STRAND

FLEET STREET

UPPER THAMES STREET

FARRIN

GD

ON

ROA

D

CLERKENWELL ROAD

OLD STREET

HOLBORN HOLBORN VIADUCT

NEWGATE STREET

LINCOLN’S

LOWER THAMES STREET

TEMPLE AV

ENU

E

TEMPLE STREET

SmithfieldMarket

New StreetSquare

St. Paul'sCathedral

PaternosterSquare

Inner TempleGardens

CommercialCourts


BLACKFRIARS

FARRINGDON

CHANCERYLANE

CITYTHAMESLINK

CITYTHAMESLINK

8

1

2

6

5

7

3

4


12/13

Temple Chambers is ideally located for London’s efficient and rapidly expanding public transport network.

Temple Chambers benefits from excellent transport infrastructure, being situated in close proximity to a number of mainline rail and London Underground stations.

The property has excellent international transport links with great journey times to London’s airports, including quick connections to Heathrow Airport, just 40 minutes via Piccadilly line from Chancery Lane and Stansted Airport via Central line from St Paul's taking just 50 minutes.

Nearby Mainline Rail & Underground stations

Journey times in minutes from the building. Source TfL.

Travel times to international hubs

S T PA N C R A S I N T E R N A T I O N A L

G A T W I C K A I R P O R T

L O N D O N C I T Y A I R P O R T

24 43 48

Journey times in minutes from the building. Source TfL.

117

1919 518

1317 712

S T PA U L ' ST E M P L E

LONDON BRIDGECHARING CROSS B L A C K F R I A R SW A T E R L O O

F A R R I N G D O NH O L B O R N CITY THAMESLINKCHANCERY L ANE

mins mins

mins mins

mins

mins

mins

mins

mins mins

T R A N S P O R T & C O M M U N I C A T I O N S

The opening of Crossrail will transform connections across Central London. Temple Chambers is in an excellent position to benefit significantly from this, located a short walk away from the main Crossrail entrance at Farringdon station.

Due for completion in 2022, Crossrail at Farringdon will become one of Britain’s busiest train stations and will be a key link in bringing passengers from outer London to the business hubs in the City and Canary Wharf as well as providing access to the Underground, Mainline and City Thameslink services.

The Elizabeth Line will increase London’s rail capacity by more than 10% and will service an estimated 200 million passengers each year.

Elizabeth Line Journey Times from Farringdon

Journey times in minutes from Farringdon. Source TfL.

C A N A R Y W H A R F

H E A T H R O W

59 02

04

08

0211 MIN WALK31 08

R E A D I N G S T R A T F O R D

10

PA D D I N G T O N

B O N D S T R E E T

T O T T E N H A M C O U R T R O A D

F A R R I N G D O N

M O O R G A T E

L I V E R P O O L S T R E E T

02


E L I Z A B E T H L I N E

14/15

CGI

Close to the junction with Temple Avenue, a new section of the Embankment is currently being constructed, due for completion in 2024. This should provide 1.5 acres of accessible public space with cafés, shops, art installations and a landscaped area for recreational use.

The project will be London’s first new embankment in 150 years.

B A Z A L G E T T E E M B A N K M E N T

16/17


Further afield he designed the original Grand Hotel in Brighton and from 1879 to 1881 was President of The Royal Institute of British Architects.

Above: Advertisement from 1887, Temple ChambersBelow: Ordnance Survey Map of Temple Chambers, 1893-96

Temple Chambers was constructed in 1887 and designed by John Whichcord Jnr, an eminent architect of the time. His work in the City of London included 24 Lombard Street EC3, 8 Old Jewry EC2 and 9 Mincing Lane EC3.


18/19

H I S T O R Y

The sculptures either side of the main entrance are 'Atlantes', an architectural support sculpture in the form of a man. Atlantes express extreme effort in their function.

The central bay has a carved stone door case with sculpture, detailing and lettering. The whole elevation is recessed from the street behind an intact run of decorative iron railings. The traditional roof forms and chimney stacks survive, which are instrumental in providing a sympathetic setting to the neighbouring Inner Temple.

Temple Chambers comprises office, restaurant and ancillary accommodation arranged over lower ground, ground and five upper floors with the rear of the building stepping in progressively. Internally the office accommodation is split into suites of a wide variety of sizes accessed off a central corridor via two passenger lifts and a range of characterful staircases. The offices have been modernised on a rolling basis but retain their character and distinctive charm with the benefit of partial river views.

The lower ground floor suites benefit from excellent natural light via six separate courtyards to the rear and pavement vault lightwells fronting Temple Avenue. The main entrance is at the midway point of the building, there are a further three entrances, one off Tudor Street.

Architecturally, the building displays an understated Jacobean and Classical accent and contains many projecting and recessed sections providing rhythm to the 105 metre long frontage.

Practically all of the west side of Temple Avenue is occupied by Temple Chambers, a range of purpose built legal chambers built in 1887. The overall effect of the long frontage is one of orderly sophistication.

D E S C R I P T I O N


20/21

The property was measured by Lane and Frankham in accordance with the RICS Code of Measuring Practice (6th edition) providing the following net internal areas:

First Floor

F L O O R S Q F T S Q M

Fifth 2,632 244.5

Fourth 5,448 506.2

Third 7,159 665.0

Second 9,087 844.3

First 9,529 885.3

Ground 10,598 984.5

Lower Ground 10,719 995.8

T O T A L 55,172 5,125.6

A C C O M M O D A T I O N

Floor to ceiling heights of up to 3.50 metres

1 x 10 person passenger lift 1 x 4 person passenger lift

Suspended & plaster ceilings

Perimeter & under floor trunking

Central heating and electric convector units

B U I L D I N G S P E C I F I C A T I O N

Ground Floor

Suspended LED lighting

Storage facilities

WCs on each floor

Six external private courtyards extending to over 2,700 sq ft

22 pavement vaults extending to nearly 2,000 sq ft


22/23

Lower Ground Floor 10,719 sq ft / 995.8 sq m

Ground Floor 10,598 sq ft / 984.5 sq m

First Floor 9,529 sq ft / 885.3 sq m

TEMPLE AVENUE

TUD

OR

STREET

TEMPLE AVENUE

TUD

OR

STREET

TEMPLE AVENUE

TUD

OR

STREET

Courtyards Restaurant

Lifts

Lifts

Reception

Lifts

WCs

WCs

WCs

WCs

ShowersShowers

Entrance

F L O O R P L A N S

Fourth Floor 5,448 sq ft / 506.2 sq m

TEMPLE AVENUE

TUD

OR

STREET

Second Floor 9,087 sq ft / 844.3 sq m

TEMPLE AVENUE

TUD

OR

STREET

Plans not to scale. Indicative only.

N

Third Floor 7,159 sq ft / 665.0 sq m

TEMPLE AVENUE

TUD

OR

STREET

Lifts

Lifts

Lifts

Lifts

WCs

WCs

WCsWCsWCs

WCsWCsWCs

WCsWCsWCs

WCsWCsWCs


24/25

D E M I S E T E N A N T A R E A S Q F T

A R E A S Q M

L E A S E S T A R T

L E A S E E X P I R Y

B R E A K D A T E

L A N D L O R D / T E N A N T / M U T U A L

R E N T £ PA X

R E N T £ P S F C O M M E N T S

5th Floor - Room 254 J. & J.B. Traders Limited 167 15.5 28-Aug-18 27-Aug-23 Rolling 3 months' notice Tenant £6,000 £35.93 Tenant rolling break with 3 months notice

5th Floor - Room 255 Private Individual 171 15.9 07-Nov-11 06-Nov-21 £8,291 £48.49

5th Floor - Room 301 Vacant 29 2.7


5th Floor - Rooms 303-304 Private Individual 113 10.5 24-Jan-17 23-Jan-22 £7,392 £65.42




5th Floor - Room 256 Private Individual 98 9.1 28-Dec-18 27-Dec-23 27-Dec-21 Tenant £4,590 £46.84 Tenant has served notice to break on 27 December 2021

5th Floor - Rooms 257-258 Vacant 314 29.2

5th Floor - Rooms 259-260 Chetcuti Cauchi Advisors Limited 309 28.7 03-Oct-16 02-Oct-21 £15,390 £49.81

5th Floor - Room 261 Jamieson Alexander Limited 161 15.0 19-Feb-19 18-Feb-24 18-Feb-22 Tenant £6,642 £41.25

5th Floor - Rooms 262-265 The Mentoring Foundation 474 44.0 09-Jan-17 08-Jan-22 £24,075 £50.79

5th Floor - Rooms 266-267 Inflection Point Investments LLP 508 47.2 04-Jan-18 03-Jan-23 Rolling 7 days' notice Tenant £21,470 £42.26 Tenant rolling 7 days' notice

Tenant Under offer on Room 154-157 (second floor)

4th Floor - Rooms 224-225 & 226-227 Biotrail International Limited 795 73.9 26-May-19 25-May-24 25-May-22 Tenant £32,720 £41.16


4th Floor - Rooms 229- 230 Vacant 356 33.1

4th Floor - Room 231 Cranfelds Limited 172 16.0 07-May-19 06-May-24 06-May-22 Tenant £6,600 £38.37

4th Floor - Rooms 232-233 Benchmark Solicitors LLP 348 32.3 12-Jun-20 11-Jun-25 11-Jun-22 Tenant £13,000 £37.36 Tenant break option subject to a payment to the Landlord of £2,167.00


4th Floor - Rooms 236-240 Universa Law Limited 1,145 106.4 23-Jul-19 22-Jul-24 22-Jul-22 Tenant £47,080 £41.12

4th Floor - Rooms 241 -251 Private Individual 333 30.9 04-Jul-17 03-Jul-22 £14,238 £42.76

4th Floor - Rooms 242-243 Burford & Partners LLP 253 23.5 13-Mar-20 12-Mar-23 12-Sep-21 Tenant £11,475 £45.36 Tenant has served notice to break on 12 September 2021

4th Floor - Rooms 244-249 (incl. 248A) Scott-Moncrieff & Associates Limited 1345 125.0 09-Jan-19 08-Jan-24 08-Jan-22 Tenant £51,537 £38.32 Tenant demise includes part of the corridor

3rd Floor - Rooms 189-190 Vacant 628 58.3


3rd Floor - Room 193 Marshall Partnership 196 18.2 29-Jan-21 28-Jan-24 £8,000 £40.82


3rd Floor - Rooms 196/198 Vacant 718 66.7

3rd Floor - Room 199 Drake & Morgan Limited 220 20.4 28-Jan-19 27-Jan-24 28-Jan-22 Tenant £9,000 £40.91 Tenant has served notice to break on 28 January 2022

3rd Floor - Room 400 D J Carey Notaries LLP 95 8.8 23-Jul-17 22-Jul-22 £5,000 £52.63

3rd Floor - Rooms 200-205 One Advisory Limited 1421 132.0 03-Dec-20 02-Dec-25 02-Jun-23 Tenant £47,855 £33.68 Four months' rent free from 2 June 2023 if the tenant does not exercise their break option

3rd Floor - Rooms 206-218 Phillips & Leigh LLP 2295 213.2 21-Aug-18 20-Aug-28 20-Aug-23 Tenant £95,046 £41.41Tenant demise includes part of the corridor, three lavatories and a kitchenRent Review on 21 August 2023Four months' rent free from 21 August 2023 if the tenant does not exercise their break option

3rd Floor - Room 215 Wapping London Ltd 123 11.4 05-Dec-18 04-Dec-23 04-Dec-21 Tenant £5,082 £41.32

3rd Floor - Rooms 219-220 & 222 Jamieson Alexander Limited 568 52.8 14-Apr-21 13-Apr-26 13-Apr-24 Mutual £19,495 £34.32

3rd Floor - Room 223 Vacant 150 13.9

2nd Floor - Rooms 147-149 Under Offer 783 72.7 Under offer at £31,240 per annum (£39.90 per sq ft)

2nd Floor - Rooms 150-153 Vacant 746 69.3


T E N A N C Y S C H E D U L E


A R E A S Q M

L E A S E S T A R T

L E A S E E X P I RY

B R E A K D A T E


R E N T £ PA X


5th Floor - Room 254 J. & J.B. Traders Limited 167 15.5 28-Aug-18 27-Aug-23 Rolling 3 months' notice Tenant £6,000 £35.93 Tenant rolling break with 3 months notice

5th Floor - Room 255 Private Individual 171 15.9 07-Nov-11 06-Nov-21 £8,291 £48.49



5th Floor - Rooms 303-304 Private Individual 113 10.5 24-Jan-17 23-Jan-22 £7,392 £65.42




5th Floor - Room 256 Private Individual 98 9.1 28-Dec-18 27-Dec-23 27-Dec-21 Tenant £4,590 £46.84 Tenant has served notice to break on 27 December 2021


5th Floor - Rooms 259-260 Chetcuti Cauchi Advisors Limited 309 28.7 03-Oct-16 02-Oct-21 £15,390 £49.81

5th Floor - Room 261 Jamieson Alexander Limited 161 15.0 19-Feb-19 18-Feb-24 18-Feb-22 Tenant £6,642 £41.25

5th Floor - Rooms 262-265 The Mentoring Foundation 474 44.0 09-Jan-17 08-Jan-22 £24,075 £50.79

5th Floor - Rooms 266-267 Inflection Point Investments LLP 508 47.2 04-Jan-18 03-Jan-23 Rolling 7 days' notice Tenant £21,470 £42.26 Tenant rolling 7 days' notice

Tenant Under offer on Room 154-157 (second floor)

4th Floor - Rooms 224-225 & 226-227 Biotrail International Limited 795 73.9 26-May-19 25-May-24 25-May-22 Tenant £32,720 £41.16


4th Floor - Rooms 229- 230 Vacant 356 33.1

4th Floor - Room 231 Cranfelds Limited 172 16.0 07-May-19 06-May-24 06-May-22 Tenant £6,600 £38.37

4th Floor - Rooms 232-233 Benchmark Solicitors LLP 348 32.3 12-Jun-20 11-Jun-25 11-Jun-22 Tenant £13,000 £37.36 Tenant break option subject to a payment to the Landlord of £2,167.00


4th Floor - Rooms 236-240 Universa Law Limited 1,145 106.4 23-Jul-19 22-Jul-24 22-Jul-22 Tenant £47,080 £41.12

4th Floor - Rooms 241 -251 Private Individual 333 30.9 04-Jul-17 03-Jul-22 £14,238 £42.76

4th Floor - Rooms 242-243 Burford & Partners LLP 253 23.5 13-Mar-20 12-Mar-23 12-Sep-21 Tenant £11,475 £45.36 Tenant has served notice to break on 12 September 2021

4th Floor - Rooms 244-249 (incl. 248A) Scott-Moncrieff & Associates Limited 1345 125.0 09-Jan-19 08-Jan-24 08-Jan-22 Tenant £51,537 £38.32 Tenant demise includes part of the corridor



3rd Floor - Room 193 Marshall Partnership 196 18.2 29-Jan-21 28-Jan-24 £8,000 £40.82


3rd Floor - Rooms 196/198 Vacant 718 66.7

3rd Floor - Room 199 Drake & Morgan Limited 220 20.4 28-Jan-19 27-Jan-24 28-Jan-22 Tenant £9,000 £40.91 Tenant has served notice to break on 28 January 2022

3rd Floor - Room 400 D J Carey Notaries LLP 95 8.8 23-Jul-17 22-Jul-22 £5,000 £52.63

3rd Floor - Rooms 200-205 One Advisory Limited 1421 132.0 03-Dec-20 02-Dec-25 02-Jun-23 Tenant £47,855 £33.68 Four months' rent free from 2 June 2023 if the tenant does not exercise their break option

3rd Floor - Rooms 206-218 Phillips & Leigh LLP 2295 213.2 21-Aug-18 20-Aug-28 20-Aug-23 Tenant £95,046 £41.41Tenant demise includes part of the corridor, three lavatories and a kitchenRent Review on 21 August 2023Four months' rent free from 21 August 2023 if the tenant does not exercise their break option

3rd Floor - Room 215 Wapping London Ltd 123 11.4 05-Dec-18 04-Dec-23 04-Dec-21 Tenant £5,082 £41.32

3rd Floor - Rooms 219-220 & 222 Jamieson Alexander Limited 568 52.8 14-Apr-21 13-Apr-26 13-Apr-24 Mutual £19,495 £34.32

3rd Floor - Room 223 Vacant 150 13.9





26/27


A R E A S Q M

L E A S E S T A R T


B R E A K D A T E


R E N T £ PA X


2nd Floor - Rooms 158-158a Travelcue Management Limited 422 39.2 10-Sep-18 09-Sep-23 09-Sep-21 Tenant £18,490 £43.82 Tenant has served notice to break on 9 September 2021

2nd Floor - Rooms 159-161 The Expert Witness Institute 704 65.4 17-Dec-17 16-Dec-22 £29,155 £41.41


2nd Floor - Rooms 164-166 Solis Marine Group (Tenancy at Will) 560 52.0 £24,150 £43.13 Currently subject to a Tenancy at Will

Under offer at £19,500 per annum (£34.91 per sq ft)

2nd Floor - Rooms 167 Vacant 258 24.0




2nd Floor - Rooms 175-177 iLaw Solicitors Limited 856 79.5 21-Dec-20 20-Dec-24 20-Dec-22 Tenant £14,160 £16.54 Stepped rent to £28,320 per annum from 21 February 2022

2nd Floor - Rooms 178-181The Secretary of State for

Housing Communities and Local Government

894 83.1 23-Mar-21 22-Mar-24 22-Mar-22 Tenant £34,960 £39.11 Stepped rent to £30,500 per annum from 23 March 2022

2nd Floor - Room 182-183 Ladas & Parry London Limited 407 37.8 01-Dec-20 30-Nov-25 31-May-22 30-Nov-23 Tenant £13,528 £33.24 Approximately two months' rent free if the tenant does not exercise their break option

2nd Floor - Room 184 Vacant 215 20.0

2nd Floor - Room 185 The Caribbean Council 215 20.0 13-Oct-17 12-Oct-22 £9,675 £45.00

2nd Floor - Rooms 186-187 Marriot Davies Yapp LLP 427 39.7 03-Apr-18 02-Apr-23 03-Jan-22 Tenant £13,680 £32.04 Tenant has served notice to break on 3 January 2022

1st Floor - Rooms 102-106B Vacant 1,151 106.9

1st Floor - Rooms 107-108 Vacant 450 41.8

1st Floor - Rooms 109-112 Create Consulting (Tenancy at Will) 907 84.3 £29,106 £32.09 Currently subject to a Tenancy at Will


1st Floor - Rooms 113-114 & 117-119 Private Individual 1123 104.3 21-Apr-18 20-Apr-23 £44,122 £41.32

1st Floor - Rooms 115-116 Private Individual 456 42.4 07-Mar-21 06-Mar-26 06-Mar-24 Mutual £16,000 £35.09 Two months' rent free from 7 March 2024 if the tenant does not exercise their break option

1st Floor - Rooms 120-121 DFK International 337 31.3 15-Jun-20 14-Jun-25 14-Jun-23 Tenant £14,168 £42.04

1st Floor - Rooms 122-124 H3P Limited 733 68.1 02-Sep-18 01-Sep-23 £31,100 £42.43 Tenant did not exercise their September 2021 break option




1st Floor - Rooms 136-139 Charterhouse Wealth Managers LLP 1137 105.6 22-Jul-16 21-Jul-21 £49,590 £43.61 Tenant negotiating terms for Room 147-149 (second floor), currently holding over

1st Floor - Rooms 140-141 Interlegal Limited 407 37.8 07-Feb-19 06-Feb-24 06-Feb-22 Tenant £16,039 £39.41

1st Floor - Room 142 Vacant 215 20.0

1st Floor - Room 143 Under Offer 216 20.1 Under offer at £8,600 per annum (£39.81 per sq ft)

1st Floor - Rooms 144-145 Private Individual 344 32.0 11-Jan-17 10-Jan-22 £11,825 £34.38


Ground Floor - Rooms 52-54 Vacant 710 66.0

Ground Floor - Rooms 55-57 Osmond Solicitors Limited 656 60.9 27-May-19 26-May-24 26-May-22 Tenant £25,840 £39.39

Ground Floor - Rooms 58-59 Ash-Ridge Asset Management Limited 473 43.9 10-Aug-20 09-Aug-25 09-Feb-23 Tenant £16,909 £35.75 One month rent free from 9 February 2023 if the tenant does not exercise their break option

Ground Floor - Room 60 - B.M.A B.M.A 199 18.5

Ground Floor Reception 376 34.9

Ground Floor - Rooms 62-67 Vacant 1,386 128.8

Ground Floor - Room 68 Humphries Kirk LLP 192 17.8 24-Jun-20 23-Jun-25 23-Jun-23 Tenant £7,000 £36.46 One month rent free from February 2023 if the tenant does not exercise their break option

Ground Floor - Rooms 69-71 Vacant 743 69.0 Refurbished



A R E A S Q M

L E A S E S T A R T


B R E A K D A T E


R E N T £ PA X


2nd Floor - Rooms 158-158a Travelcue Management Limited 422 39.2 10-Sep-18 09-Sep-23 09-Sep-21 Tenant £18,490 £43.82 Tenant has served notice to break on 9 September 2021

2nd Floor - Rooms 159-161 The Expert Witness Institute 704 65.4 17-Dec-17 16-Dec-22 £29,155 £41.41


2nd Floor - Rooms 164-166 Solis Marine Group (Tenancy at Will) 560 52.0 £24,150 £43.13 Currently subject to a Tenancy at Will






2nd Floor - Rooms 175-177 iLaw Solicitors Limited 856 79.5 21-Dec-20 20-Dec-24 20-Dec-22 Tenant £14,160 £16.54 Stepped rent to £28,320 per annum from 21 February 2022

2nd Floor - Rooms 178-181The Secretary of State for

Housing Communities and Local Government

894 83.1 23-Mar-21 22-Mar-24 22-Mar-22 Tenant £34,960 £39.11 Stepped rent to £30,500 per annum from 23 March 2022

2nd Floor - Room 182-183 Ladas & Parry London Limited 407 37.8 01-Dec-20 30-Nov-25 31-May-22 30-Nov-23 Tenant £13,528 £33.24 Approximately two months' rent free if the tenant does not exercise their break option

2nd Floor - Room 184 Vacant 215 20.0

2nd Floor - Room 185 The Caribbean Council 215 20.0 13-Oct-17 12-Oct-22 £9,675 £45.00

2nd Floor - Rooms 186-187 Marriot Davies Yapp LLP 427 39.7 03-Apr-18 02-Apr-23 03-Jan-22 Tenant £13,680 £32.04 Tenant has served notice to break on 3 January 2022

1st Floor - Rooms 102-106B Vacant 1,151 106.9


1st Floor - Rooms 109-112 Create Consulting (Tenancy at Will) 907 84.3 £29,106 £32.09 Currently subject to a Tenancy at Will


1st Floor - Rooms 113-114 & 117-119 Private Individual 1123 104.3 21-Apr-18 20-Apr-23 £44,122 £41.32

1st Floor - Rooms 115-116 Private Individual 456 42.4 07-Mar-21 06-Mar-26 06-Mar-24 Mutual £16,000 £35.09 Two months' rent free from 7 March 2024 if the tenant does not exercise their break option

1st Floor - Rooms 120-121 DFK International 337 31.3 15-Jun-20 14-Jun-25 14-Jun-23 Tenant £14,168 £42.04

1st Floor - Rooms 122-124 H3P Limited 733 68.1 02-Sep-18 01-Sep-23 £31,100 £42.43 Tenant did not exercise their September 2021 break option




1st Floor - Rooms 136-139 Charterhouse Wealth Managers LLP 1137 105.6 22-Jul-16 21-Jul-21 £49,590 £43.61 Tenant negotiating terms for Room 147-149 (second floor), currently holding over

1st Floor - Rooms 140-141 Interlegal Limited 407 37.8 07-Feb-19 06-Feb-24 06-Feb-22 Tenant £16,039 £39.41


1st Floor - Room 143 Under Offer 216 20.1 Under offer at £8,600 per annum (£39.81 per sq ft)

1st Floor - Rooms 144-145 Private Individual 344 32.0 11-Jan-17 10-Jan-22 £11,825 £34.38



Ground Floor - Rooms 55-57 Osmond Solicitors Limited 656 60.9 27-May-19 26-May-24 26-May-22 Tenant £25,840 £39.39

Ground Floor - Rooms 58-59 Ash-Ridge Asset Management Limited 473 43.9 10-Aug-20 09-Aug-25 09-Feb-23 Tenant £16,909 £35.75 One month rent free from 9 February 2023 if the tenant does not exercise their break option

Ground Floor - Room 60 - B.M.A B.M.A 199 18.5

Ground Floor Reception 376 34.9


Ground Floor - Room 68 Humphries Kirk LLP 192 17.8 24-Jun-20 23-Jun-25 23-Jun-23 Tenant £7,000 £36.46 One month rent free from February 2023 if the tenant does not exercise their break option

Ground Floor - Rooms 69-71 Vacant 743 69.0 Refurbished


28/29


A R E A S Q M

L E A S E S T A R T


B R E A K D A T E


R E N T £ PA X


Ground Floor - Rooms 72-73 Greenfield Recovery Limited 356 33.1 18-Dec-20 17-Dec-25 17-Dec-21 17-Dec-23 Tenant £11,930 £33.51 Three months' rent free from 17 December 2023 if the tenant does not exercise their second

break option


Ground Floor - Rooms 79-83 D G Publishing Limited 998 92.7 21-Jun-18 20-Jun-23 £31,960 £32.02

Ground Floor - Rooms 84-85 Enable Business Solutions Limited 506 47.0 01-Oct-19 30-Sep-24 30-Sep-21 Tenant £22,000 £43.48 Tenant has served notice to break on 30 September 2021

Ground Floor - Rooms 86-87 Brendan Hennessy Associates Ltd 492 45.7 11-Mar-21 12-Mar-24 Rolling 3 months' notice Tenant £18,320 £37.24 Rolling 3 month tenant break option after the first 9 months


Ground Floor - Room 91 Vacant 230 21.4




Lower Ground Floor - Rooms 1-3 Fleet Street Financial Limited 784 72.8 16-Nov-16 15-Nov-21 £22,272 £28.41

Lower Ground Floor - Room 4 Vacant 187 17.4

Lower Ground Floor - Rooms 5-10 + Vaults 16-20

Falconlyle Limited (t/a Tempio) 1364 126.7 02-Nov-13 01-Nov-33 £31,250 £22.91 The demise includes pavement vaults 16-20.

Lower Ground Floor - Rooms 12-13 Private Individual 459 42.6 12-Oct-11 11-Oct-21 £12,000 £26.14 New 5 year lease with a 3rd year mutual break currently with solicitors at a rent of £10,000 per annum. The lease is inside the L&T Act 1954.

Lower Ground Floor - Rooms 14-16 Vacant 690 64.1

Lower Ground Floor - Room 17 Grey Consultants Limited 185 17.2 21-Feb-20 20-Feb-23 20-Feb-22 Tenant £5,890.50 £31.84

Lower Ground Floor - Room 18 Under Offer 188 17.5 Under offer at £5,700 per annum (£30.32 per sq ft)

Lower Ground Floor - Rooms 19-22 Vacant 914 84.9 Used as a communal meeting room



Lower Ground Floor - Rooms 26-27 Think Support Ltd 378 35.1 24-Oct-19 23-Oct-24 23-Oct-22 Tenant £10,890 £28.81

Lower Ground Floor - Rooms 28-32 Teniwood Securities Ltd 1,010 93.8 04-Dec-18 03-Dec-21 £22,000 £21.78

Lower Ground Floor - Rooms 33-34 Blackwater Investments Limited 509 47.3 03-Jan-19 02-Jan-24 £12,500 £24.56

Lower Ground Floor - Rooms 35-36 Christofi Law Limited 488 45.3 14-Sep-19 13-Sep-24 13-Sep-22 Tenant £12,500 £25.61

Lower Ground Floor - Rooms 38 Interlegal Consulting LLP 379 35.2 31-Jan-17 30-Jan-22 £8,640 £22.80

Lower Ground Floor - Rooms 39-40 Albion & East Limited 281 26.1 10-Mar-17 09-Mar-22 £8,500 £30.25

Lower Ground Floor - Rooms 41-44 Inland Estates Limited 1,070 99.4 15-Jan-20 14-Jan-25 14-Jan-23 Tenant £31,005 £28.98 Two months' rent free from 14 January 2023 if the tenant does not exercise their break option


Lower Ground Floor - Rooms 50-51 The Royal Humane Society 354 32.9 02-Sep-19 01-Sep-24 01-Sep-22 Tenant £9,632 £27.21

T O T A L 55,172 5,125.6 £1,150,765 £35.55



A R E A S Q M

L E A S E S T A R T


B R E A K D A T E


R E N T £ PA X


Ground Floor - Rooms 72-73 Greenfield Recovery Limited 356 33.1 18-Dec-20 17-Dec-25 17-Dec-21 17-Dec-23 Tenant £11,930 £33.51 Three months' rent free from 17 December 2023 if the tenant does not exercise their second

break option


Ground Floor - Rooms 79-83 D G Publishing Limited 998 92.7 21-Jun-18 20-Jun-23 £31,960 £32.02

Ground Floor - Rooms 84-85 Enable Business Solutions Limited 506 47.0 01-Oct-19 30-Sep-24 30-Sep-21 Tenant £22,000 £43.48 Tenant has served notice to break on 30 September 2021

Ground Floor - Rooms 86-87 Brendan Hennessy Associates Ltd 492 45.7 11-Mar-21 12-Mar-24 Rolling 3 months' notice Tenant £18,320 £37.24 Rolling 3 month tenant break option after the first 9 months


Ground Floor - Room 91 Vacant 230 21.4




Lower Ground Floor - Rooms 1-3 Fleet Street Financial Limited 784 72.8 16-Nov-16 15-Nov-21 £22,272 £28.41


Lower Ground Floor - Rooms 5-10 + Vaults 16-20

Falconlyle Limited (t/a Tempio) 1364 126.7 02-Nov-13 01-Nov-33 £31,250 £22.91 The demise includes pavement vaults 16-20.

Lower Ground Floor - Rooms 12-13 Private Individual 459 42.6 12-Oct-11 11-Oct-21 £12,000 £26.14 New 5 year lease with a 3rd year mutual break currently with solicitors at a rent of £10,000 per annum. The lease is inside the L&T Act 1954.


Lower Ground Floor - Room 17 Grey Consultants Limited 185 17.2 21-Feb-20 20-Feb-23 20-Feb-22 Tenant £5,890.50 £31.84

Lower Ground Floor - Room 18 Under Offer 188 17.5 Under offer at £5,700 per annum (£30.32 per sq ft)




Lower Ground Floor - Rooms 26-27 Think Support Ltd 378 35.1 24-Oct-19 23-Oct-24 23-Oct-22 Tenant £10,890 £28.81

Lower Ground Floor - Rooms 28-32 Teniwood Securities Ltd 1,010 93.8 04-Dec-18 03-Dec-21 £22,000 £21.78

Lower Ground Floor - Rooms 33-34 Blackwater Investments Limited 509 47.3 03-Jan-19 02-Jan-24 £12,500 £24.56

Lower Ground Floor - Rooms 35-36 Christofi Law Limited 488 45.3 14-Sep-19 13-Sep-24 13-Sep-22 Tenant £12,500 £25.61

Lower Ground Floor - Rooms 38 Interlegal Consulting LLP 379 35.2 31-Jan-17 30-Jan-22 £8,640 £22.80

Lower Ground Floor - Rooms 39-40 Albion & East Limited 281 26.1 10-Mar-17 09-Mar-22 £8,500 £30.25

Lower Ground Floor - Rooms 41-44 Inland Estates Limited 1,070 99.4 15-Jan-20 14-Jan-25 14-Jan-23 Tenant £31,005 £28.98 Two months' rent free from 14 January 2023 if the tenant does not exercise their break option


Lower Ground Floor - Rooms 50-51 The Royal Humane Society 354 32.9 02-Sep-19 01-Sep-24 01-Sep-22 Tenant £9,632 £27.21

T O T A L 55,172 5,125.6 £1,150,765 £35.55


30/31

Temple Chambers provides a highly reversionary income profile with outstanding rental growth potential.

The property is multi-let to 57 tenants with c. 41% of the accommodation vacant. The weighted average unexpired lease term is 2.56 to expiries, and one year to breaks. There is a restaurant on the lower ground floor let until 2033.

The property provides a gross rental income of approximately £1,150,765 per annum reflecting a highly reversionary overall rent of £35.55 per sq ft over the let accommodation.

All office leases are excluded from the provisions of sections 24-28 of the Landlord & Tenant Act 1954.

Summary

F L O O R A R E A S Q F T

R E N T £ PA X

R E N T £ P S F

F L O O R I N C O M E %

N O . O F T E N A N T S

V A C A N T A R E A S Q F T

5th 2,632 93,850 46.90 8 8 631

4th 5,448 176,650 40.23 16 7 1,057

3rd 7,159 189,478 38.53 16 7 2,241

2nd 9,087 157,798 29.95 14 8 4,602

1st 9,529 211,950 38.93 18 8 4,085

Ground 10,598 133,959 34.60 12 7 6,726

Lower Ground 10,719 187,080 27.21 16 12 3,458

T O T A L 55,172 £1,150,765 £35.55 PSF 57 22,800

I N C O M E P R O F I L E

Lease Expiry Summary

Tenant Sector Summary

16%

18%

14%

29%

23%

2021 2022 2023 2024 2025+

Legal Financial

Hospitality Tech

Real Estate Other

41%

16%

9%

5%

5%

24%

2021

2022

2023

2024

2025+


32/33

Temple Chambers is a multi-let office building which offers unrivalled asset management opportunities to enhance value and drive rental growth by undertaking a range of initiatives in the short to medium term.

Floor-by-floor rolling refurbishment.

Vacant possession of the majority of the second floor may be possible by mid-2023 allowing for comprehensive refurbishment.

Increase size of the reception area by utilising adjoining vacant units to improve the arrival experience.

Utilise the existing tenant mix and office sizes as a base for creating a bespoke serviced office centre.

Approximately 41% of the building is currently vacant offering an immediate opportunity to refurbish and re-let, creating new rental levels.

Improve building amenities by the creation of bicycle storage and showers in the lower ground floor.

Introduce outdoor amenity space via the six external courtyards, and the creation of potential roof terracing.

Manage ongoing lease events.

A C T I V E M A N A G E M E N T P O T E N T I A L

CGI of enlarged reception


34/35

T H E S P A C E

CGI of second floor.


36/37

A new c. 150 year full repairing and insuring lease from completion.

Term

The Mayor and Commonalty and Citizens of the City of London.

Landlord

All those premises known as Temple Chambers, 3-7 Temple Avenue, London EC4.

Premises

Floor UseFirst Floor and above Offices within Class B1(a) of the 1987 Order and uses ancillary to such use.

Lower Ground and Ground FloorsOffices within Class B1(a) of the 1987 Order and/or Classes A1 A2 A3 and A4 of the 1987 Order and uses ancillary to such uses.

Not to use the Premises for residential purposes or hotel.

User

The initial ground rent payable is £75,000 per annum until the first review date, such date being the 5th anniversary of the term.

Following the first rent review, for the remainder of the Term the yearly rent payable by the Tenant to the Landlord shall be whichever is the greater of: -

– the Minimum Ground Rent; and– 7.50% of the Full Rack Rental Value (as defined)

During the term, the ground rent will be subject to 5 yearly upward only rent reviews.

The yearly rent payable during any redevelopment or refurbishment period shall be the Minimum Ground Rent.

Rent Calculation

The Minimum Ground Rent is to be reviewed every 25 years to the higher of 4.0% of the annual rent payable immediately prior to the review date or 4.0% of Rack Rental Value (as defined).

Minimum Ground Rent Review

£75,000 per annum from completion of this lease, to be reviewed thereafter as set out below.

Minimum Ground Rent

a) Not to assign the whole of the Premises without the prior written consent of the Landlord, not to be unreasonably withheld.b) The Tenant shall be free to underlet the whole or part of the Premises during the first 125 years of the Term in its absolute discretion and as it deems fit. Other standard restrictions apply, see data room for full details.

Alienation

See data room for full details.

Insurance

Full repairing terms.

Repair

See data room for full details.

Alterations

H E A D L E A S E S U M M A R Y

The building occupies a site of c.0.58 acres.

A new c. 150 year lease, subject to a gearing of 7.5% of Full Rack Rental Value will be granted by the Freeholder. A copy of the draft Headlease is available in the data room.

Tenure

The building is elected for VAT. It is envisaged this sale will be treated as a Transfer of Going Concern.

VAT

The Property has an EPC rating of D (79). A copy of the certificate is available upon request.

EPC

Temple Chambers is situated in the City of London. The property is not listed but does lie within the Whitefriars Conservation Area.

Planning

Further information can be downloaded on the data room, access can be provided by the vendor's agents.

Data Room

It is anticipated that significant capital allowances will be available to qualifying parties. Further details of these are available in the online data room.

Capital Allowances

4

TUDOR STREET

TALLIS STREET

TEMP

LE AV

ENU

E

K INGS BENCH WALK

Hamilton House

Carmelite House

Audit House

Whitefriars House

Harmsworth House

40 5850

1

1310

7

5

56

3628 26

25 21

106

5


38/39

F U R T H E R I N F O R M A T I O N

Allsop give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Allsop, has any authority to make any representation or warranty whatsoever in relation to this property. September 2021.

Designed and produced by Cre8te - 020 3468 5760 - cre8te.london

For further information or to arrange an inspection of the property which is to be strictly by appointment only, please contact:

C O N T A C T S

Oliver [email protected] 862794

Jonathan [email protected] 258445

James [email protected] 056536

Offers are sought in excess of £26,500,000 (Twenty Six Million Five Hundred Thousand Pounds) for a new c. 150 year lease, subject to a gearing of 7.5% of Rack Rental Value, subject to contract and exclusive of VAT.

A purchase at this level reflects a low capital value of £480 per sq ft.

P R O P O S A L

Documents

TEMPLE CHAMBERS - allsop.co.uk