Presentation on theme: "October 2010 – Subject to contractLKR Portfolio Location Paris 1st Arrondissement. On the right bank of the Seine, the property is positioned on the western."— Presentation transcript:
October 2010 – Subject to contractLKR Portfolio Location Paris 1st Arrondissement. On the right bank of the Seine, the property is positioned on the western end of quai du Louvre, close to the Louvre and Ile de la Cité. Immediately opposite are Les Bouquinistes (book vendors by the Seine) and adjacent is the wonderful art deco former Samaritaine department store, currently awaiting major redevelopment. Jardin des Tuleries, Hotel de Ville, Palais Royal and Notre Dame are world famous attractions in the neighbourhood. Steady pedestrian flows of tourists and locals along the quay side in front of the property. Metro-RER links include: Louvre Rivoli (M1), Pont Neuf (M7), Chatelet (RER A,B,D). Description Café/restaurant with Licence 1V on a ground floor of 45m² and a basement of 53m² suitable for kitchen (with full extraction), storage and toilet facilities. The window frontage to the street of 5m reflects the size and shape of the property, allowing the trader to open onto the street facilitating outdoor seating and profile. Tenancy Tenant: Le Grand Mechant Louvre, a kosher eatery drawing its custom from kosher diners, shoppers and local office workers and especially from the passing volumes of tourists. The entire premises has been renovated and designed as an efficient, high volume restaurant and to benefit from its location on the route between the Louvre and Notre Dame. The tenant already successfully operates the lInte Café, an established and reputable haut de gamme Italian (kosher) restaurant on rue Cambaceres in the 8eme arrondissement, beside the French Interior Ministry. Website: Fonds de Commerce: 88,000 March Lease: 3/6/9 from 15th May Rent : 76,193 pa for the year to 15th May quai du Louvre 75001
October 2010 – Subject to contractLKR Portfolio Location Paris 2nd Arrondissement. The property is strategically positioned where the Bonne Nouvelle, Palais Royal and Vivienne quarters meet. It sits at the apex of rue and place des Petits Pères, rue de la Banque, rue la Feuillade and rue des Petits Champs and diagonally opposite two entrances to the famous Galerie Vivienne. Place and rue des Petits Pères link the Etienne Marcel and Place des Victoires fashion boutiques area to Les Jardins du Palais Royal which attract Parisians and tourists alike. The shop faces the façade of Banque de France and is close to the Bibliotheque Nationale which between them employ several thousand workers who eat and shop in the immediate area. Adjacent retailers include Cyrillus, Yannick Vincent Orchideiste, CIC, Esprit, Maison Bleue, Hartford, Kenzo, Hello Kitty, and Credit du Nord. Facing the property is Legrand et Fils (renowned wine retailer) and the many other destination retailers and restaurants of the Galerie Vivienne. Metro-RER links include: Pyramides (M7,14), Bourse (M3), Opera (RER A, M3,8,7). Description A contemporary retail/ showroom operation arranged within a traditional Parisian retail premises. Sitting at the foot of an imposing building, this retail outlet will have a ground floor trading area of 82m² with high ceilings and an open-plan layout. An open stairs will lead to an excellent retail/ showroom basement of 79m², again with high ceilings and open-plan layout. Because of its position at the apex of three streets, the total frontage is 30m and combined with its unusually high façade creates a very bright and imposing interior and exterior, providing its tenant exceptional presence and profile to the passing pedestrian and vehicular traffic. Tenancy Tenant: DEBBAS are global leaders in the design, manufacture and installation of lighting products and technology for large scale projects. Website: Lease: 6/9 from 1st August months rent free from 1st August Rent: 96,000 pa for the year to 31st July rue des Petits Pères 75002
October 2010 – Subject to contractLKR Portfolio Location Paris 4th Arrondissement. The property is strategically positioned on the angle of rue des Deux Ponts and rue Saint Louis en lIle, the primary crossroads at the heart of the Ile de Saint-Louis. Next door is Berthillon, Pariss most famous ice cream shop. The island features many small but long established shops (fromagerie LeFranc, boulangerie Martin, boucherie Gardil), restaurants (Mon Vieil Ami, La Charlotte de lIle) and bar/ brasseries (Louis 1X, Brasserie de lIle, lEscale). Multiple retailers on either street including La Poste, Societé Generale, Nicolas, LOccitane, Pylones, Amorino, Oliviers & Co. and Cacao et Chocolat. Metro-RER links include: Pont Marie (M7), Saint Paul (M1), Chatelet (RER A,B,D, M1,4,7,11,14). Description Traditional boutique with ground floor and basement retail areas of 30m² each and window frontage of 3m, entirely renovated to a very high standard. Tenancy Tenant: Les Gourmands de lIle, salon de the, saladerie, creperie and glacier. The tenant has three further food and restaurant businesses in Paris – Le Reminet, Les Gourmands de Notre Dame and Comptoir du 5eme which are located together in the 5 th Arrondissement on rue des Grands Degres, near Notre Dame. Website: Lease: 3/6/9 from 21st July Rent : 54,306 pa for the year to 20th July rue Saint-Louis en lIle 75004
October 2010 – Subject to contractLKR Portfolio Location Paris 4th Arrondissement. Rue de Rivoli is one of Pariss most well know commercial streets and runs from the Saint Paul area to Place de la Concorde. No. 16 is situated at the Saint Paul end, immediately adjacent to the Saint Paul metro and surrounded by the densely populated Marais district. Many major department stores and international brands, lHotel de Ville, the Louvre and the Tuileries gardens all front on to different sections of rue de Rivoli. Retailers in the immediate vicinity of no. 16 are Pier Import, Alain Afflelou, SFR, Orange, Optique 2000, CCF, Nocibe (adjoining) and LCL Credit Lyonais (adjoining). Rue du Roi de Sicile to the rear leads further into the fashionable Marais and the street is seeing the gradual opening of small destination stores and sole traders. Metro-RER links include:Saint Paul (M1), Hotel de Ville (M1,M7), Chatelet (RER A,B,D) Description Ground floor shop of 63m² with a directly connected cave of about 10m² and dual frontage to rue de Rivoli (3m) and rue du Roi de Sicile (5m). Currently trading onto rue de Rivoli but with a shopfront in place on rue de Roi de Sicile it has the potential to trade as one or two separate units onto both streets. The layout and excellent headroom suit the current prêt a porter operation but would facilitate many other uses. Tenancy Tenant: Elha - prêt a porter femme. Lease: 3/6/9 lease expiring 31st May Notice has been served on the tenant who has claimed renewal rights. Rent: 43,548 pa (rent passing since the year to 31 st May 2008). 16 rue de Rivoli 75004
October 2010 – Subject to contractLKR Portfolio Location Paris 5th Arrondissement. Rue Saint-Jacques runs parallel for its entire length with Boulevard Saint-Michel, connecting Ile de la Cite (Notre Dame) with the junction of Boulevard Port Royal and Boulevard du Montparnasse. It crosses Boulevard Saint Germain near the property and Metro Cluny-La Sorbonne. Number 5 is situated on an extremely busy section of the street, opposite the famous Eglise Saint Séverin and on the pedestrian, tourist and student routes from Notre Dame to the Latin quarter and La Sorbonne. The immediate neighbourhood has therefore many tourist oriented businesses such as food, souvenirs, foreign currency and travel services. Metro-RER links include: Saint-Michel-Notre-Dame (M4, RER B, C), Cluny-La-Sorbonne (M10). Description Total ground floor area of 51m² and 53m² of usable storage space at first basement level (there is a second basement level), with a 7m street frontage. The entire building was entirely renovated in 2009 to provide 5 top of the range apartments as well as the retail unit. Consequently the property features a new façade and a modern shell finish ready to take any tenant fit out. Tenancy Tenant: Koutchi is the second outlet of a family run antique jewellery and clothes business. The original boutique has been operating successfully for 10 years at 14 rue de Fourcy in the Marais. The tenant has fitted out the premises to a high standard. Lease: 3/6/9 from 25th September Rent : 50,367 pa for the year to 25th September rue Saint Jacques 75005
October 2010 – Subject to contractLKR Portfolio 5 rue du Vieux Colombier Location Paris 6th Arrondissement. The property is positioned on the section of this established shopping street which connects Place Saint-Sulpice to rue de Rennes. The area is universally accepted as one of Pariss top retailing locations with the stretch of rue de Rennes approaching Boulevard Saint-Germain considered by many to be the citys best fashion comparison shopping destination. Well known brands trading nearby are Bill Tornade, Marionnaud, Ernest, Agnes B, Esprit, YSL, Herve Chepalier, Miki House, Vilebrequin (adjoining) and Zadig & Voltaire (adjoining). Metro-RER links include: Saint-Sulpice (M4), Saint-Germain-des-Pres (M4), Mabillon (M10), Rennes (M12), Luxembourg (RER B), Saint-Michel-Notre-Dame (RER B, C). Description Ground and first floor boutique forming, with the adjoining Vilebrequin shop, the retail element of a prominent corner building. The property has 25m² on ground and 23m² on first floor. It is fitted out and presented internally to the highest trade standards for a women's fashion brand. The façade and signage feature the simple but strong street-side image of Sud express. Tenancy Tenant: Sud Express is a young women's clothing brand 100% owned and managed by the Ginger Group. Established in 1977 and headquartered in Paris with over 80 shops in France and 30 further in- store operations and overseas outlets, in July 2010 it acquired a further 20 shops formerly operated by Olivier Strelli and Formes including 5 rue de Vieux Colombier. Website: Fonds de Commerce: 100,000 July Lease: 6/9 from 31st May Rent: 79,197 for the year to 31st May 2011.
October 2010 – Subject to contractLKR Portfolio 11 rue Boétie Location Paris 8th Arrondissement. The property is positioned on the busier side of rue la Boétie, close to the major axis of Place St Augustin. At this intersection, Boulevards Hausmann and Malesherbes cross and throughout the day there are steady pedestrian flows in front of the shop to and from the many offices and apartments in the district. Well known brands trading nearby are Monoprix, HSBC, Bertier, Grange, Bruce Field and Picard. Metro-RER links include: Saint-Augustin (M9), Miromesnil (M9,M13), Auber (RER A). Description Boutique with ground floor of 52m², and a good sized basement of 46m² suitable for storage and ancillary retail space with toilet. Headroom on both levels is excellent. The window frontage to the street of 5m is ideal for the size and shape of the shop. Tenancy Tenant: Diego, an established prêt a porter men's clothing business and part of the JSA Diffusion Group with outlets on the Champs Elysées and rue de Berri. Significant renovation and fit out works have been carried out to create a high quality shop. Lease: 6/9 from 3rd April Rent: 60,000 pa from 3rd April Step rent of 55,000 pa for the year to 3rd April 2011.
October 2010 – Subject to contractLKR Portfolio Location Paris 10th Arrondissement. Avenue Parmentier is a strong, commercial street connecting the 10th and 11th Arrondissements at its intersection with rue du Faubourg du Temple. The property is within a few doors of this strategic junction and immediately adjacent to Goncourt Metro, a busy station serving a large local middle class apartment population. Nearby is the landmark Place de la Republique and Canal Saint Martin, now established as one of the citys trendiest places to live and shop. Metro-RER links include: Goncourt (M11), Gare du Nord (RER B,D). Description Ground floor boutique of 64m² with a basement cave of about 10m² and 8m window frontage. Tenancy Tenant: Ria France, a subsidiary of Ria Financial Services which is part of the Euronet Worldwide Group. Ria Financial Services is the 3rd largest global money transfer company. The tenant has entirely renovated and fitted out the façade and interior to provide a high quality financial services outlet. Website: or Lease: 3/6/9 from 15th September Rent: 45,730 for the year to 15th September avenue Parmentier 75010
October 2010 – Subject to contractLKR Portfolio Location Paris 12th Arrondissement. Avenue Daumesnil is one of Pariss longest avenues straddling the 11th and 12th Arrondissements and stretching from close to Bastille and Gare de Lyon eastwards to the Peripherique. No. 184 is situated in a commercial district, close to the Metro Daumesnil and Place Felix Eboué where a blend of local product and service providers target the residential population at the heart of the 12 th Arrondissement. Adjacent retailers include ASSU 2000, Alain Affelou, CIC bank, Myrial, La Poste and Frank Provost. Metro-RER links include: Daumesnil-Felix Eboué (M6, M8), Nation (RER A). Description Total ground floor area of 85m² with an imposing 8m street frontage. The property offers flexible accommodation for a range of occupiers and is particularly suitable for a services business such as a bank or insurance brokerage requiring a front showroom/public area supported behind by staff and client meeting rooms. Tenancy Tenant: The property is let to Caisse dEpargne, Frances number two banking group following its merger in early 2009 with Banque Populaire to form Groupe BPCE. The property has been extensively renovated and fitted out to modern banking standards. Website: Lease: 3/6/9 from 1st February Rent: 57,415 pa for the year to 1st February Avenue Daumesnil 75012
October 2010 – Subject to contractLKR Portfolio Location Paris 14th Arrondissement. Rue du Lunain is a mid-market residential street in the heart of the 14th Arrondissement. The property is situated in a parade of shops at rue du Lunains junction with rue dAlesia, the districts main commercial street and pedestrian route to the metro at Place dAlésia, 200 m away. Metro-RER links include: Alesia (M4), Denfert Rocherau (M4, M6, RER B). Description Retail property with directly connected basement storage area and rear access to inner courtyard and toilet. The ground floor comprises 29m², with a basement of 13m² and street frontage of 3.5m. Tenancy Tenant: BHNV Depannage – the property is used as reception and sales offices for a building services company with branches in the 9th and 14th Arrondissements. Lease: 3/6/9 from 1st September Rent : 10,000 pa for the year to 1st September rue du Lunain 75014
October 2010 – Subject to contractLKR Portfolio Location Paris 16th Arrondissement. Rue de la Pompe is a recognised shopping street in the north of the 16th arrondissement and bisects this mature up-market residential area. It is also a prestigious business and shopping district. Nearby is Place Jean Monnet and Avenue Victor Hugo which stretches from lEtoile to Bois de Boulogne. The property is on the traditionally less busy section of rue de la Pompe but new retailers are opening there since the established retail pitch has crossed place Jean Monnet. Retailers trading immediately adjacent are Biguine (coiffure), A Toutes les Filles (prêt a porter), Francis Lelouche (optician), BCP (banque), and Strada Di Roma (chaussures) and very recently opened are AXA, Maje, Point Soleil and Boucherie Coco. Metro-RER links include: Victor Hugo (M2), Rue de la Pompe (M9), Etoile (RER A). Description Ground floor boutique of 39m² with basement of 14m². 4m window frontage to street. 3.5m headroom. Rectangular shape with toilet and canteen facilities in basement. The tenant has carried out a high quality renovation of the entire shop including the installation of a reinforced glazed/ anodized façade with inbuilt public/ staff security doors and a cash distributor lobby. The tenant is obliged on departure, if requested to do so by the landlord, to carry out reinstatement works in accordance with a schedule attached to the lease. This includes a standard retail shop front. Tenancy Tenant: Banque dEscompte. The tenant is a private bank with a 13 Boulevard Hausmann HQ. It offers full banking and investment services, approved and regulated by the Banque de France. This branch is one of it's busiest and provides banking and money transfer services. Website: Lease: 3/6/9 from 27th March The tenant has the option to break the lease anytime between 27 March 2010 and 26 March 2013 subject to six months notice and the payment of a four month rent penalty. Rent: 48,478 pa for the year to 27th March The rent cannot go below this level for the duration of the break option period. 140 rue de la Pompe 75016
October 2010 – Subject to contractLKR Portfolio Location Paris 17th Arrondissement. The property is strategically positioned on an upmarket residential street, rue Gustave Doré, close to its junction with Avenue Wagram and beside a pharmacy, école maternelle, maternity clinic and abundant professional offices for advocates etc. Metro-RER links include: Wagram (M3), Pereire (M3), Etoile (RER A). Description Ground floor bar/ restaurant/ kitchen and toilet area of 40m² and a basement/cellar of 20m² The property benefits from food preparation and full extraction facilities under Licence 1V. Tenancy Tenant: Ô Argoselo, a 30 seat restaurant that was extensively renovated in 2006 and refitted and furnished in early It operates as a Churrascaria or Portuguese barbecue and is popular with the local Portuguese population as well as people in the many legal offices, schools and hospitals on Gustave Doré and the surrounding streets. Fonds de Commerce: 175,000 December Lease: 3/6/9 from 1st June Rent : 24,438 for the year to 1st June rue Gustave Doré 75017
October 2010 – Subject to contractLKR Portfolio Location Paris 17th Arrondissement. Avenue des Ternes is a recognised Paris commercial avenue and connects Place des Ternes at Avenue Wagram to Porte des Ternes at the Peripherique. It is a long wide avenue with a focal point signified by the landmark FNAC store at the junction of Avenues Ternes, Niel and Mac-Mahon. The avenue features national and international brands including FNAC, GAP, Rodier, Descamps, Paul, Kookai, Grand Optical and LCL as well as the food market at Rues Bayen and Poncelet. Near the property is a blend of local product and service providers as well as established brand retailers (SFR, Alain Afelou, Credit du Nord, Marionnaud) whose presence is noticeably increasing due to the difficulty to secure or pay for positions adjacent to the FNAC pitch. Metro-RER links include: Ternes (M2), Argentine (M1), Etoile (RER A). Description Ground floor shop of 47m² with a directly connected basement of 45 sq m and 11m of valuable and high profile frontage on Avenue des Ternes. The shop has excellent physical attributes, ideal for the current and a wide range of alternative occupiers. It features a full glass façade with a central automatic sliding door. There is a high ceiling with air handling and spot lighting. Attractive stairs lead to a well appointed basement suitable for ancillary retailing, plus kitchen and toilet facilities. Tenancy Tenant: Bose franchisee who has 5 outlets in Paris with agencies also for Bang & Olufsen and Loewe. Website: Lease: 3/6/9 from 26th November Rent : 87,668 pa for the year to 26th November Avenue des Ternes 75017
October 2010 – Subject to contractLKR Portfolio 25 rue Caulaincourt Location Paris 18th Arrondissement. Rue Caulaincourt borders the Montmartre district and is a gateway to this established residential, shopping, market, cultural (Place du Tertre) and religious (Sacré Coeur) tourist area. It is a strategic two way traffic route linking the middle of the 18th to the 8th, 9th and 17th Arrondissements at Place de Clichy. The property is on a residential section of the street close to rue Lepic, Montmartre cemetery and Place de Clichy. Metro-RER links include: Lamarck Caulaincourt (M12), Abbesses (M12), Gare du Nord (RER B, D). Description Ground floor boutique of 14m² with a basement of 9m², plus a 3.5m window frontage. Tenancy Tenant: Abbesses Action Assistance trading as One More (ladies fashion accessories) who also have two other outlets in the Montmartre District. Lease: 3/6/9 from 10th July Rent : 11,137 for the year to 10th July 2011.
October 2010 – Subject to contractLKR Portfolio Location Paris 18th Arrondissement. Rue Caulaincourt borders the Montmartre district and is a gateway to this established residential, shopping, market, cultural (Place du Tertre) and religious (Sacré Coeur) tourist area. It is a strategic two way traffic route linking the middle of the 18th to the 8th, 9th and 17th Arrondissements at Place de Clichy. The property is on a section of the street close to rue Lamarck, Avenue Junot (famous and expensive houses) and the busy Lamarck-Caulaincourt metro station. Metro-RER links include: Lamarck Caulaincourt (M12), Gare du Nord (RER B, D). Description Ground floor boutique of 40m² with a basement of 15m², plus 7m street window frontage. Tenancy Tenant: Guy Hoquet, founded in 1994 and now Frances third largest estate agency chain with 580 branches. The ownership of Guy Houquet is controlled since 2006 by the publicly quoted Nexity group which is in turn 40% owned by Caisse dEpargne, now Frances second banking group following its merger in early 2009 with Banque Populaire to form Groupe BPCE. The tenant is a franchisee of the Guy Hoquet group. Website: or Lease: 3/6/9 from 20th October Rent: 23,915 for the year to 20th October rue Caulaincourt 75018
October 2010 – Subject to contractLKR Portfolio 162 rue Ordener Location Paris 18th Arrondissement. One of the busiest commercial streets in the 18 th Arrondissement, north of Montmartre and next to a Société Générale branch office, plus many other national retailers, at the Carrefour Damrémont. Twice weekly the area hosts a popular food market along the street outside the property. Metro-RER links include: Jules Jouffrin (M12), Guy Moquet (M13), Porte de Clichy (RER C), Gare du Nord (RER B,D). Description A ground floor shop of 49m² fitted out to a high standard, plus window frontage of 4m. Tenancy Tenant: Harmonie Mutualite, one of Frances leading health insurance mutuals with 6,500 agents and 3.5 million personal and corporate customers. Website: Lease: 3/6/9 from 15th January Rent : 35,531 pa for the year to 15th January 2011.
October 2010 – Subject to contractLKR Portfolio Location Paris 19th Arrondissement. The property is positioned on the northern side of avenue Jean Jaurès, directly opposite a large format Monoprix and midway between the metro stations Ourcq and Laumière. The immediate area is a bustling local commercial and residential neighbourhood. Nearby is the 19th Arrondissement Marie, Parc des Buttes Chaumont, Canal de lOurcq and Parc de la Villette. Avenue Jean Jaures is a continuation of rue La Fayette which connects to the west through the 10th to Boulevard Haussmann and the Opéra in the 9th Arrondissement. 1km to the east, Jean Jaures links with the N3 at the Porte de Pantin junction of the Peripherique. Metro-RER links include: Ourcq, Laumière (M5), Gare du Nord (RER B,D), Magenta (RER E). Description A restaurant/ bar with a Licence 1V, it has a ground floor area of 120m², plus a basement of 55m². The front part of the accommodation forms part of the main building, whilst the rear is a substantial single storey extension with side and rear access. The property is fitted as a restaurant and bar with kitchen, storage, services and toilet facilities. The window frontage to the street reflects the size of the property, and the terrace provides the restaurant with an excellent street profile. Tenancy Tenant: MBDL trading as Le Meltin, a restaurant entirely renovated, refitted and reopened in June Website: Fonds de Commerce: 60,000 June Lease: 3/6/9 from 15th September Rent: 54,397 for the year to 15th September Avenue Jean Jaures 75019
October 2010 – Subject to contractLKR Portfolio Julien Bonnefoy 7 Place Vendôme Paris +33 (0) (0) Julien Badene 7 Place Vendôme, Paris +33 (0) (0) Luke Condon 7 Place Vendôme Paris +33 (0) (0)