Northbank Restaurant, One Paul’s Walk, London, EC4V 3QH Long let, long leasehold Restaurant Investment Opportunity Not to scale. For identification only.

Executive Summary Prime restaurant investment. Excellent location on the north bank of the River Thames adjacent to the Millennium Bridge and overlooking the Tate Modern. Comprises 3,487 Sq. ft ( Sq. m) of restaurant accommodation (A3 use class) arranged over ground and basement. Large terrace for outside dining with outstanding views along the river. Long leasehold from 26 th July 2001 expiring 20 th December 2138 (123 years unexpired) at a peppercorn ground rent. Let to St. Paul’s Restaurants Ltd, Trading as Northbank Restaurant and Bar, until 1 st February 2025 (10 years unexpired) at a passing rent of £105,000 per annum (£30.00 psf overall). Offers are sought in excess of £2,000,000 (Two Million Pounds) subject to contract, for the Long Leasehold interest, reflecting a net initial yield of 4.96% (after standard purchasers costs at 5.8%) and a low capital value of £574 per sq ft. Norfolk House EXTERNAL PHOTO

Location Norfolk House is situated in an established commercial location on the southern side of Trig Lane close to the western end of Upper Thames Street in the City of London. The property fronts onto the River Thames with pedestrian access via St Paul’s Walk and benefits from easy access to the Tate Modern and the Globe Theatre on the south bank of the River Thames via the Millennium Bridge which is located within 100m to the west. Transport The area is well connected with mainline rail and underground services as follows: Blackfriars – 400m Mainline rail and underground station with services towards Hertfordshire and Bedfordshire to the north and Kent to the south, as well as access to the Circle and District underground lines. Blackfriars is also part of the Thameslink Programme, a government funded project to increase the frequency and capacity of trains on the Thameslink route and the upgrade of related stations. Completion is due in Cannon Street – 500m Mainline rail and underground station with services towards Kent and the south east, as well as access to the Circle and District underground lines. Mansion House – 300m Underground station with access to Circle and District underground Lines. Not to scale. For identification only.

Description The property comprises the majority of the ground floor and part basement of a six-storey detached building which we understand was constructed in the early 1990’s. The ground floor and basement is arranged as a retail unit used as a restaurant. The upper floors of Norfolk House are arranged as self-contained residential apartments which are not included in the sale. Internally the property comprises a contemporary restaurant including a bar area, kitchen, store room, external raised patio and disabled toilet on the ground floor and male and female toilets, storage and a staff room within the basement. The property benefits from the following: VAV Air Conditioning Fully fitted kitchen Stunning views over the River Thames Contemporary décor Raised outdoor decking area

Accommodation N.B. 140 Sq. Ft. (13 Sq. m) of the basement area is under 1.4m in height. The premises has been measured by Braithwaite Energy in accordance with the RICS Code of Measuring Practice (6 th Edition). A duty of care letter can be provided upon request. Please note: The terrace area is not included within the GIA measurements above, however it is demised under the terms of the head lease. Floor Plan Description Gross Internal Area Sq. mSq. Ft Ground ,953 Basement TOTAL ,487 Not to scale. For identification only.

Tenure The property is held Long Leasehold from Norfolk House Residents Limited from 26 th July 2001 to the 20 th December 2138 (approximately 123 years unexpired) at a peppercorn ground rent. Tenancy Let to St. Paul’s Restaurants Limited, trading as Northbank Restaurant and Bar, until 1 st February 2025 (10 years unexpired) at a current passing rent of £105,000 per annum (£30.00 psf overall). The lease contains five yearly upwards only rent reviews. VAT We are informed by the vendor that the property is not elected for VAT. Planning Norfolk House is located within the City of London Corporation Local Authority, specifically the Queenhithe Ward. We understand the property is not listed nor lies within a conservation area. EPC The property has an EPC rating of – F 134.

Proposal Offers are sought in excess of £2,000,000 (Two Million Pounds) subject to contract, for the long leasehold interest. A purchase at this level reflects a net initial yield of 4.96% (assuming purchaser’s costs of 5.8%) and a low capital value of £574 per sq ft for the long leasehold interest. Further Information To arrange an inspection or for further information please contact: Jack Sutton Nicholas Wells Colliers International gives 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 Colliers International has any authority to make any representation or warrant whatsoever in relation to this property. February Not to scale. For identification only.