27-35 Poultry

&
5 Princes Street

London
EC2

1
 On the instructions of Malcolm Shierson and Jamie Toynton
Joint Administrators of Poultry Development Limited (in Administration)

27-35 Poultry
&

5 Princes Street

London

EC2

A unique freehold building,

at the heart of one of the world’s leading financial centres,
with planning consent for a luxury hotel development
and suitable for various alternative uses
subject to the necessary consents.

1
 27-35 PouLtry & 5 PrinCES StrEEt EC2
27-35 Poultry - Image taken in 2006

E xecutive S um m a ry

Former London headquarters for Midland Bank

and subsequently HSBC Bank
•
Adjacent to the Bank of England
in the heart of the City of London
•
Rare freehold occupying a site of
just under one acre
•
GIA of circa 27,088 sq m
(291,571 sq ft)
•
Planning consent for a 181 bedroom luxury hotel,
with associated facilities, of circa 30,249 sq m
(325,630 sq ft) GIA
•
Office and mixed use planning consent (lapsed)
for partial redevelopment and extension of
circa 30,285 sq m (325,985 sq ft) GIA
•
Alternative and mixed use potential
subject to the necessary consents
•
Unique original features including the double height marble-lined
banking hall, a safe depository and original boardrooms
•
Exceptional safe depository, which featured in the
James Bond film “Goldfinger”

Substantial offers are invited for the freehold and

999 year leasehold interests

3
 27-35 PouLtry & 5 PrinCES StrEEt EC2

FENCHURCH
STREET

ANDAZ
LIVERPOOL LLOYD'S
HOTEL
STREET OF
LIVERPOOL
STREET LONDON

THREADNEEDLES
HOTEL
THE
ROYAL
EXCHANGE

APEX LONDON
THE
WALL HOTEL
BANK
(DUE TO OPEN OF
NOVEMBER 2009) ENGLAND

BANK
THE
DLR MANSION
HOUSE

CANNON
STREET

5
 27-35 PouLtry & 5 PrinCES StrEEt EC2

Loc at ion Local occupiers

27-35 Poultry and 5 Princes Street is
positioned on a prime site at the very
heart of the City of London, the financial
7
capital of Europe, opposite and LOTHBU
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12.2m
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Ward Bdy

overlooking the Bank of England. 12.4m

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Bank

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The property’s frontages to both Poultry 17

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and Princes Street provide access to two

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of the most prestigious addresses within

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the City and benefit from substantial REDE
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international recognition. Both streets

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run from the Bank junction, leading to

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the west, both major City thoroughfares.

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stations providing access to six rail War

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services including the Central Line, DLR BP
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© Crown Copyright 2009. All rights reserved. Licence number 100020449. Plotted Scale - 1:1577
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stations are all within easy walking

distance. Area hatched red is held freehold together with 999 year leasehold. There is the benefit of a right of way over the area hatched 44
dark blue. The areas shaded in light blue are also within the freehold/leasehold title, but only in respect of the vaults.
24
38

41

City Institutions 14. Bank of Japan 31. Aberdeen Asset Management

1. Guildhall 15. Fortis Bank 32. Aviva

2. Lloyd’s of London 16. Dresdner Kleinwort Wasserstein 33. Swiss Re

3. The Bank of England 17. Standard Chartered Bank 34. Willis

18. West LB AG 35. Brown Shipley
4. Mansion House
19. BNP Paribas
20. ING Professional
Banking & Finance
21. Deutsche Bank 36. Clifford Chance
5. RBS
22. HBOS 37. Eversheds
Retail on Cornhill

6. JP Morgan Chase
23. Credit Agricole 38. Accenture
7. Allianz Cornhill
24. Commerzbank 39. White & Case
8. NM Rothschild & Sons 25. Lloyd’s TSB 40. Smith & Williamson
9. UBS Investment Bank 26. Schroders 41. SJ Berwin
10. JP Morgan Cazenove 27. Nomura
Bank Junction from Poultry

11. Legal & General 28. Fidelity Corporate

Aerial shot of 27 Poultry

12. Royal & Sun Alliance 29. Morley 42. Hewlett Packard
13. Friends Provident 30. Barclays 43. British Telecom
44. National Power

7

Description
27-35 Poultry and 5 Princes Street is a substantial Grade I listed
City building, originally constructed in the 1920’s, and
subsequently refurbished to provide approximately 27,088 sq m
(291,571 sq ft) gross internal and 16,245.1 sq m (174,886 sq ft)
current net internal of office and banking hall accommodation
arranged over ground and six upper floors, together with some
mezzanine and below ground levels. The building occupies a site
of approximately 3,872.8 sq m (41,686 sq ft) being just less than
one acre.
Designed by the famous British architect, Sir Edwin Lutyens, the
property has two substantial and imposing Portland stone façades
fronting Poultry and Princes Street. The ground floor of the
property provides a unique and impressive 2,514.1 sq m (27,061
sq ft) marble banking hall stretching between Poultry and
Princes Street. The main building has been added to over the
years, with the rear section of the building towards Princes
Street having been added in the late 1960’s.
Safe Depository
27-35 PouLtry & 5 PrinCES StrEEt EC2
The ground floor provides access to numerous service cores
with lifts and staircases to the upper and lower floors. The
principal core provides three lifts serving all floors, with 14
lifts in total, including the bullion lift to the rear.
The upper floors vary in layout, but the majority of the net
floor area is open plan accommodation stretching from the
Poultry to the Princes Street façade. The fourth and fifth
floors retain elements designed by Sir Edwin Lutyens including
wood panelled offices, boardrooms and meeting rooms. The
first, second and third floors do not contain elements
specifically designed by the architect and provide more flexible
and open plan accommodation with good fenestration to both
frontages, and internal light wells.
A typical upper floor provides approximately 2,100 sq m
(22,600 sq ft) of accommodation with natural light from all
façades together with a number of internal light wells and
access yards.
The lower ground floor level incorporates a safe depository
which provides 3,818 private boxes of varying sizes, ranging
from small lockers to “walk-in” rooms. The substantial round
door to the safe provides exceptional security, and is one of
Lutyens Dining Room
only two examples of its kind (the other being in Switzerland).
The safe was featured in the 1964 James Bond film,
“Goldfinger”.
At ground floor level the building benefits from an access road
from Poultry into Grocers Hall Court as well as shared access
over St Mildred’s Court.
Fourth floor Hallway
Marble Staircase
Third Floor
Lutyens Boardroom
9
27-35 PouLtry & 5 PrinCES StrEEt EC2

Banking Hall - Historic Image taken in 2006

11
 27-35 PouLtry & 5 PrinCES StrEEt EC2

accom m odat ion

The building provides the following approximate areas. Plowman Craven Associates have provided tenure
the net internal areas, and the gross internal areas have been scaled by architects, KSS Design
Group from plans. Freehold of whole, together with 999 year leasehold of whole.

Floor Use Gross Internal Area Net Internal Area tenancies

sq m sq ft sq m sq ft E xisting The property is offered for sale with vacant possession save two electricity substations at
isometric basement levels, let on leases to London Electricity Board and London Electricity PLC for

30 St. Mary Axe

6th Offices 1,511 16,264 969 10,432 60 years from 29th September 1966 and 60 years from 22nd April 1991, respectively.
floor
5th Offices 1,914 20,602 997 10,755
L ayouts Pl anning Summ ary
4th Mezzanine Offices 63 678 57 617
The property was Grade I listed on 5th June 1972 and lies within the Bank Conservation
4th Offices 2,383 25,650 1,084 11,665
Area.
3rd Offices 2,651 28,535 1,952 21,012
SIXTH FLOOR We understand that the most sensitive elements of the building are essentially those parts
2nd Offices 2,745 29,547 2,103 22,639
specifically designed by Sir Edwin Lutyens, such as the banking hall, ‘principal offices’,
1st Offices 2,773 29,848 2,138 23,009 board and ‘function’ rooms. These elements are principally incorporated within the lower
ground (safe depository), ground, fourth and fifth floors.
Mezzanine Offices 887 9,548 371 3,992
FIFTH FLOOR
Ground Banking Hall 3,154 33,949 2,514 27,061 Hotel Scheme
Lower Ground Safe Depository 3,361 36,177 1,062 11,432 Planning consent was granted on 12th November 2008 for refurbishment of the property,
demolition and extension of part of the basement to sixth floor, change of use from bank (A2
Lower Ground & Ancillary 606 6,521 FOURTH FLOOR use) and offices (B1 use), to provide a hotel (C1 use), with ancillary uses including shops,
Basement 1 Meeting Rooms 3,361 36,177 1,829 19,686 food and drink, drinking establishment, a health club (D2 use) and a private members club
(sui generis). Listed building consent for this scheme was granted on 1st July 2008. This
Basement 2 Ancillary 2,285 24,596 563 6,065 scheme provides a total GIA of approximately 30,249 sq m (325,630 sq ft).
THIRD FLOOR
Total 27,088 291,571 16,245 174,886
Office Scheme
Planning and Listed Building Consent were granted on 8th April and on 12th June 2003
respectively, for refurbishment, alteration and part demolition and extension to provide
SECOND FLOOR office, retail, health club and/or gym uses. The scheme provided a total GIA of approximately

T
EE
R
30,285 sq m (325,985 sq ft) which provided approximately 18,503.6 sq m (199,171 sq ft)

ST
D LE
total net internal area. This consent expired on 7th April 2008. In the opinion of planning

EE
ADN
RE
consultants, DP9, it is likely that the local planning authority would support this consent if

TH
FIRST FLOOR the necessary applications were made.
PRI
NCE
S
STR
EET
Alternative Uses
In addition, there is the potential for alternative and mixed uses, including hotel, serviced
TRY
GROUND FLOOR apartments, retail and leisure uses, subject to the necessary consents.
P OUL

Please refer to the website www.knightfrankhotels.net/poultry, for further detail on planning

aspects, such as the listing and the consented scheme, and opportunities for alternative uses
5 Princes Street frontage from Royal Exchange

LOWER GROUND FLOOR for the building.

BASEMENT LEVEL 1

BASEMENT LEVEL 2

One Poultry
Guildhall
Not to scale, for identification purposes only
13
 27-35 PouLtry & 5 PrinCES StrEEt EC2

the Hot e l Con se n t

The consented scheme makes provision for a luxury hotel with 181 bedrooms and suites, with very Area Schedule – Consented Scheme
significant support and ancillary facilities. Many of the proposed public areas and rooms are located within
the fine listed areas of the property.
Gross Internal Areas (GIA) (In m2)

The business case for a luxury hotel is strong. This landmark building offers an opportunity to create the Floor Private Hotel Retail Leisure & Restaurant Total Gross
City of London's foremost luxury hotel. Members Use Use Spa Use Class External
Club Class C1 Class Use Class A3 Area (GEA)
The combination of its unique location in the heart of the City of London and the spectacular nature of the A1/A2 D2 (In m2)
principal rooms within the building will combine to ensure delivery of high rate room business and strong Basement 3 1,589 1,451 3,040 3,298
food, beverage and other incomes. The location, adjacent to the Bank of England and surrounded by some
of London’s most distinguished and influential occupiers, will ensure strong weekday business. The opulence Basement 2 50 1,352 1,747 3,149 3,285
and architectural merit of the building lends itself to a luxury hotel scheme which will undoubtedly help to Basement 1 50 2,402 998 3,450 3,608
drive weekend and leisure business.
Ground 96 3,037 125 35 9 3,302 3,428

Room supply in the City core remains relatively low and future supply seems likely to remain restricted Mezzanine 744 744 810
due to the lack of suitable or viable new build or conversion opportunities.
First 2,823 2,823 3,036

Subject to the necessary consents, there is the opportunity to increase the bedroom count, without diluting Second 2,784 2,784 2,976
the high bedroom to suite ratio and improve the general layout of the consented scheme to suit the brand Third 2,766 2,766 2,953
requirements of most major luxury hotel operators.
Fourth 2,668 2,668 2,907

Fifth 1,450 1,007 1,007 2,457 2,743

Sixth 1,961 1,961 2,196

Seventh 1,081 1,081 1,268

Eighth 24 24 35

Total 1,785 24,543 125 3,787 1,016 30,249 32,543

Source: EPR Architects

Bedroom Type Summary – Consented Scheme

Classic Superior Deluxe Suite TOTAL

25m² - 32m² 36m² - 50m² 57m² - 66m² 66m² - 260m²

Bedroom with Classic Room Open plan living Separate bedroom Note: All rooms
en-suite bathroom, facilities in larger area and bedroom to additional living have been counted
desk, occasional space / better views / facilities accommodation in their smallest
chair listed features and possible
additional furnishings configuration

Mezzanine 2 3 0 0 5

Level 1 10 17 3 6 36

Level 2 10 17 3 6 36
All images are computer generated

Level 3 10 18 2 5 35

Level 4 11 12 6 3 32

Level 5 10 4 0 0.5 14.5

Level 6 10 10 2 0.5 22.5

Total 63 81 16 21 181

Source: EPR Architects

15
 27-35 PouLtry & 5 PrinCES StrEEt EC2

Hot E L Con S E n t E D PL a nS - E xa mPLE fLoorS

Ground Floor Fifth Floor

First Floor Sixth Floor

Not to scale, for identification purposes only

Source: EPR Architects 17
 27-35 PouLtry & 5 PrinCES StrEEt EC2

Lon D on Hot E L m a r K E t CommEntary

Introduction
London is the capital of the United Kingdom and one of the
world's most important business, financial and cultural
centres. Central London is home to more than half of the UK's
top 100 listed companies and over 100 of Europe's 500
largest companies. The City has a dominant role in several
international financial and insurance markets and the
economy of the Metropolitan area generates approximately
30% of the UK's GDP. London is also a major tourist
destination for both domestic and overseas visitors, with
annual expenditure by tourists of around £15 billion.
to their greater exposure to the Corporate and MICE markets. Hotel Property Market
The ARRs achieved in the Luxury segment in the last down
Hotel transaction activity in Europe remained subdued in Yields have been moving out for all commercial property, but
cycle remained relatively constant and growth in the up cycle
2008 with the total amount of hotel transactions down by with the flight to quality, yields for prime hotel opportunities
has been exceptionally strong.
60% from the previous year, although there were several have remained fairly stable in locations such as London and
significant transactions in the London luxury segment. So far Paris. In fact, many international investors believe that this
in 2009, transactional activity throughout Europe has is an opportune time to buy with attractive capital value levels
10 Year RevPAR Index
remained low, however there is a clear increase in investor and favourable exchange rates. London’s relative resilience
1.75 and operator interest for assets in prime locations like London and the prospect of a sustained recovery make London one of
1.5 and Paris. Investor sentiment is improving, in particular from the most sought after hotel property markets.
lower leveraged, long term investors looking for opportunistic
1.25
acquisitions.
1

0.75
Hotel Market Performance 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

The London hotel market has traditionally achieved one of the Central London Development and Redevelopment Transactions
Luxury Segment All Segments
world’s highest occupancy and room rates, and the market
fundamentals have held up well in 2008 resulting in an Property Location Room Buyer Year Operator Site Price Per room Tenure Comment
Source: STR Global, Knight Frank
Count* in Million £ £
increase of 3% in Revenue Per Available Room (RevPAR). The
latest STR Global figures for May 2009 show that London Café Royal Soho 171 Alrov Group 2008 TBA 90 526,000 Leasehold Includes retail
outperforms its European peers with the lowest decline in There is a considerable quantum of proposed developments in (development) units

RevPAR of any of the European capital cities. The outlook for the London luxury and 5 star sectors. Although some debt Metropole Whitehall 296 IHI 2008 Corinthia 130 439,000 Freehold Includes 12
the London hotel market, as Europe’s leading gateway city providers have returned to the market, the current financial (development) residential units

and the host of the 2012 Summer Olympic Games, remains restrictions on new development and the top prices paid at the Two Thistle Hotels Kensington 638 ** Lancer 2008 TBA 320 502,000 Freehold
amongst the most upbeat in Europe. peak of the last cycle, lead us to believe that a large number (development)
of these developments should be considered at risk and that Normandie House Knightsbridge 81 HNWIs 2007 TBA Confidential Confidential Freehold Includes 5
bedroom supply growth will remain limited in the short and (development) residential units

European Capitals Hotel Market Performance medium terms. 27 Poultry City 181 Private 2007 N/A 72 398,000 Leasehold
(development) (Now Freehold)

2008 2008 2008 RevPAR RevPAR A group of major international luxury hotel operators are Four Seasons Mayfair 200 Premier Group 2006 Four 75 375,000 Leasehold
reaching out to set a new performance benchmark level, (redevelopment) Seasons
ARR ARO RevPAR Change* Change*
€ € Full Year 2008 YTD May 2009 aiming to distinguish themselves through a superior quality Grosvenor House Mayfair 133 Kuwaiti 2006 TBA 145 1,090,000 Leasehold
of service with increased room sizes and superior fit out and Apartments Consortium
London 146 80% 117 3% -8%
(redevelopment)
facilities in their properties. This may further improve the
Paris 181 78% 141 5% -17%
profile of the London luxury hotel market and create room 10 Trinity Square City 121 Thomas 2006 TBA 104.5 863,636 Majority Includes 30
Berlin 88 70% 61 4% -14% (development) Enterprises Freehold residential units
for performance growth.
Madrid 112 64% 71 -7% -31%
The Savoy Strand 263 Kingdom 2005 Fairmont 230 875,000 Freehold
Rome 155 65% 100 -10% -16% (redevelopment) Hotels

*in local currency Source: STR Global, Knight Frank

London Luxury Segment Performance * After development ** Before development Source: Knight Frank
£ %
450 85

80
400
75
350
London Luxury Hotel Market Segment 70
300
65
Over the last 10 years, the London Luxury segment has
250 60
outperformed the overall London hotel market and continues 2002 2003 2004 2005 2006 2007 2008
to do so in the downturn, in part because the corporate
ARR ARO
segments are more exposed to fluctuations in trade due
Source: STR Global, Knight Frank

19
 27-35 PouLtry & 5 PrinCES StrEEt EC2
Lon D on Hot E L m a P

27-35 Poultry &

5 Princes Street

Not to scale, for identification purposes only

Existing Hotels 11 The Rookery, London, EC1
12 Club Quarters St. Pauls, London, EC4 24 Travelodge London Tower Bridge Hotel, London, E1 33 Millennium Bridge, London, EC4
1 The Savoy, London, WC2 13 Malmaison, London, EC1 25 Hotel Ibis London City, London, E1 34 Queensbridge House, London, EC4
2 Strand Palace Hotel, London, WC2 14 Grange St. Pauls, London, EC4 26 The Tower, London, E1 35 The Former Whitbread Brewery, London, EC1
3 One Aldwych, London, WC2 15 Citadines Apart’hotel Barbican, London, EC1 36 BT Exchange, London, EC2
4 The Waldorf Hilton, London, WC2 16 Threadneedles Hotel, London, EC2 Proposed Hotels 37 Apex London Wall Hotel, London, EC2
5 Kingsway Hall Hotel, London, WC2 17 Club Quarters Gracechurch, London, EC3 38 Staple Hall, London, EC3
6 Renaissance Chancery Court, London, WC1 18 Andaz Liverpool Street, London, EC2 27 Somerset House, London, WC2 39 50 Lower Thames Street, London, EC3
7 Citadines Apart’hotel London Holborn 19 Apex City of London Hotel, London, EC3 28 Hotel Silken London, London, WC2 40 10 Trinity Square, London, EC3
- Covent Garden, London, WC1 20 Travelodge London Liverpool Street Hotel, London, E1 29 2-6 Southampton Row, London, WC1 41 City Inn Tower of London, London, EC3
8 Swissôtel The Howard, London, WC2 21 Hotel Novotel London Tower Bridge, London, EC3 30 Apex Temple Court Hotel, London, EC4 42 Aldgate High Street, London, EC3
9 Crowne Plaza London The City, London, EC4 22 Grange City Hotel, London, EC3 31 2 Puddle Dock, London, EC4 43 Middlesex Street / Goulston Street, London, E1
10 The Zetter, London, EC1 23 The Chamberlain Hotel, London, EC3 32 26 Old Bailey, London, EC4 44 Jumeirah Hotel, London, SE1 21
 27-35 PouLtry & 5 PrinCES StrEEt EC2

aLt E r n at i V E S C H E m E :
off iC E / m i x E D u S E r E DE VELoPmEnt

The situation of the property at the very Ground Floor This alternative scheme was drawn up Typical First – Third Floor
centre of the City of London means it by KSS architects. It envisages a mixed
will always be a highly sought after use part refurbishment and part
address for office users. The building redevelopment scheme, requiring a
provides two main access points, from further planning consent but within the
Poultry and Princes Street, and an overall massing and sensitivity of the
impressive entrance hall as the office lapsed scheme. As well as gaining
reception. additional net area, the scheme provides
a completely new lift core throughout
The majority of the net accommodation the building and involves demolishing
is open plan, particularly at the first to and redeveloping the 1960’s extension
third floors, and could provide modern, to the rear (as envisaged by the lapsed
well-serviced, flexible office space in a scheme). The specification includes new
premier location. The fourth and fifth raised floors, suspended ceilings and
floors contain individual offices and four pipe fan coil air conditioning
meeting rooms. As envisaged in the throughout.
lapsed scheme, the office use above
ground could be enhanced with a retail The impressive ground floor of the
element at ground level and a building provides over half an acre of
substantial wine bar below ground. stunning, double height, banking hall
space, with marble floors and columns.
With the success of other City retail
schemes, such as The Royal Exchange,
House of Fraser and Marks and
Spencer, there is potential for ground
floor piazza-style shopping, or
Floor Use Gross Int. Area Net Internal Area alternatively, a selection of larger retail
or restaurant units. The lapsed consent
sq m sq ft sq m sq ft Fifth Floor
provided for A1, A2 or A3 use on the
7th Offices 978 10,527 596 6,415 ground floor. Elements of the upper
6th Offices 2,235 24,057 1,620 17,438 floors may also work well as restaurant
or club uses.
5th Offices 2,629 28,298 1,709 18,396
4th Offices 2,836 30,526 1,445 15,554 Cheapside and Poultry remain the prime
3rd Offices 2,933 31,571 2,441 26,275 location for retail in the City, and with
2nd Offices 2,933 31,571 2,441 26,275 further schemes in the pipeline, the
critical mass of the area as a
1st Offices 2,963 31,893 2,471 26,598
destination retail location is set to
Mezzanine Offices 914 9,838 634 6,824 improve still further.
Ground Offices/Retail/ 3,229 34,757 2,521 27,136
Restaurant
Lower Ground Safe 3,058 32,916 1,091 11,743
Depository
Lower Ground Wine Bar/ 966 10,398
Restaurant
Basement 1 Wine Bar/Club 3,395 36,543 2,458 26,458
Basement 2 Storage 2,285 24,596 351 3,778

Total 30,388 327,093 20,744 223,288

Source: KSS Design Group Not to scale, for identification purposes only
NB - Net areas do not include corridor space; 407 sq m on 4th floor, 280 sq m on 5th floor and 66 sq m on 6th floor.
23
 27-35 PouLtry & 5 PrinCES StrEEt EC2

Sale
The property is offered for sale by Poultry Development Limited (in administration) acting by its
joint administrators Malcolm Shierson and Jamie Toynton both of Grant Thornton.

Pr op o s a l
Substantial offers are invited for the freehold and 999 year leasehold interests

Web si t e a nd Data r o om
For further information, including a Data Room, please visit the website www.knightfrankhotels.net/poultry

The Data Room contains the following :

Sales Particulars

Hippo - 020 8968 9292

Plans

BuSurveys
Planning Documentation
Building Survey
Legal Survey
M&E
City of London
Measured Hotel Development Document
Survey
Photographs
Phase and Computer
1 Environmental Generated Images
Review
EPC Performance Certificate
Energy
Legal including Certificate of Title and Draft Contract
City of London Hotel Development Document
Photographs and Computer Generated Images

Con ta cts
Knight Frank Hotels
55 Baker Street
London
W1U 8AN

www.knightfrankhotels.com
Important notice
Dominic Mayes +44 (0) 20 7861 1086 dominic.mayes@knightfrank.com
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP
in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or
its value. Knight Frank LLP do not have any authority to make any representations about the property, and accordingly any
Knight Frank City Office
information given is entirely without responsibility on the part of the agent, seller(s) or lessor(s). Particulars dated July 2009.
4 Coleman Street
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas,
London
measurements and distances given are approximate only. Photographs dated 2006 to 2009.
EC2R 5BG
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, listed
building, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that
www.knightfrank.com
these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property may change without notice.
Stephen Clifton +44 (0) 20 7861 1312 stephen.clifton@knightfrank.com
Nick Braybrook +44 (0) 20 7861 1309 nick.braybrook@knightfrank.com
Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is
55 Baker Street, London W1U 8AN, where you may look at a list of members' names.

25