Down Street. A Commercial Development Opportunity

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Rosaline Long
10 years ago
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1 Down Street A Commercial Development Opportunity

2 Contents Discover History A Blank Canvas The Space The Possibilities Far-reaching Opportunities Considerations Additional Information How to Get in Touch

3 DISCOVER 2 Discover... An extraordinary world of unexplored and untapped potential, right beneath the surface of the most diverse, vibrant and exciting city in the world. The ability to create an exceptional and unique space in a setting that has a fascinating story; a history waiting for its next chapter to unfold. A venue that can facilitate the aspirations of the most ambitious and creative entrepreneurial minds.

diverse, vibrant and exciting city in the world.

4 DISCOVER 3...Now Imagine One of the most remarkable spaces in the world is searching for you a partner to bring it alive with a proposal to fully utilise one of the most exclusive business opportunities available in London. Down Street station is that space. This unique and quirky venue is situated in an incredible location at the heart of London s prosperous and much-desired Mayfair. For the first time in 90 years, Down Street station is considering new tenants for a prospective new lease of life. Perfectly located for business prospects and clientele of many guises, it lies between Green Park and Hyde Park Corner stations, having previously been a stop on the Piccadilly line. Making available approximately c.400m² under some of the most expensive commercial property in London its just waiting for its full potential to be unleashed. The impressive surface level entrance of impacting ox-blood red-glazed brick façade, with grand columns and large semi-circular windows, beckons potential clients from the west side of Down Street, just off Piccadilly.

available in London. Down Street station is that space. This unique and quirky venue is situated in an incredible location at the heart of London s prosperous and much-desired Mayfair.

5 HISTORY 4 History A space with a story; a history awaiting a new chapter Down Street s life as a tube station was short and it closed in 1932 due to low passenger usage. However rare historical attributes remain as evidence of the vital role the site played in the war effort. It was the protected underground headquarters for the Railway Executive Committee throughout the war and may have been used by Churchill and the War Cabinet while the Cabinet War Rooms were being prepared.

However rare historical attributes remain as evidence of the vital role the site played in the war effort.

6 A BLANK CANVAS 5 A Blank Canvas The station has scope to be developed for a variety of uses. An unorthodox space, it comprises of a disused lift shaft, a passenger tunnel and one smaller tunnel. An initial Feasibility Study, conducted by Carmody Groarke, has highlighted some options to effectively utilise the potential combination of spaces. Spaces without the secondary revenue function would be left as existing. The site is currently used by maintenance staff and this continued use will need to be facilitated in any development. Total area: c.400m²

An initial Feasibility Study, conducted by Carmody Groarke, has highlighted some options to effectively utilise the potential combination

7 THE SPACE 6 The Space: Ground Floor Entrance 23m² GIA Lift Shaft 156m² GIA - Theatre Shop Bar Restaurant Basement 44m² GIA Low Level Subway 115m² GIA - Gallery Brand Experience or Product Launch High Level Subway 58m² GIA

Basement 44m² GIA Low Level Subway 115m² GIA - Gallery

8 THE POSSIBILITIES 7 The Possibilities What do you want it to be?

9 THE POSSIBILITIES 8 Immerse?

10 THE POSSIBILITIES 9 Immerse Imagine a truly intimate theatrical production performed in front of a small, exclusive audience. Lift Shaft - Theatre

11 THE POSSIBILITIES 10 Browse?

12 THE POSSIBILITIES 11 Browse Imagine browsing collections of fine jewellery or handbags, the items displayed beautifully against the featured backdrop. Lift Shaft - Shop

13 THE POSSIBILITIES 12 Mingle?

14 THE POSSIBILITIES 13 Mingle Imagine sipping cocktails in a hidden and incredibly exclusive underground bar in the heart of Mayfair. Lift Shaft - Bar

15 THE POSSIBILITIES 14 Dine?

16 THE POSSIBILITIES 15 Dine Imagine a plate of haute cuisine served against the backdrop of Down Street s underground lift shaft. Lift Shaft - Restaurant

17 THE POSSIBILITIES 16 Peruse?

18 THE POSSIBILITIES 17 Peruse Imagine the best modern art on display, being bought to life in the unique surrounds of the lengthy passenger tunnel. Low-Level Subway - Gallery

19 THE POSSIBILITIES 18 Experience?

20 THE POSSIBILITIES 19 Experience Imagine a cutting edge, exciting product launched in a secret location, deep under the streets of Mayfair. Low-Level Subway - Brand Experience or Product Launch

21 FAR-REACHING OPPORTUNITIES 20 Future Potential for Far-reaching Opportunities Successful development of this rare and unconventional space of tunnels, shaft and box rooms is an exciting venture for TfL. It heralds the launch of a progressive move forward in releasing other remarkable sites and assets that currently lie untapped thousands of square metres of prime raw space; creating new capacity and delivering extraordinary development opportunities in choice and profitable areas of London. This is your moment to get on board and help conceive and influence a future of innovation and unprecedented development.

22 CONSIDERATIONS 21 Considerations We will be providing drawings and plans from the Carmody Groarke Feasibility Study to interested parties. The bulk of the potential commercial space is in one passenger foot tunnel, one disused lift shaft and one smaller tunnel. Given the restricted space available and our requirement to maximise commercial returns from the site, it is likely that low footfall / high revenue uses will be most successful in this location.

23 ADDITIONAL INFORMATION 22 Additional Information Re-Investment The revenues raised will be re-invested into London s transport network, allowing us to make journeys better for everyone. Depending on the potential benefits TfL will consider both short and long term lease agreements. Planning Restrictions The site is not currently listed. As the tender competition progresses and TfL identifies a short list of preferred schemes we will work with English Heritage and Westminster City council to ensure that we are only progressing schemes that are likely to achieve planning permission. Timings For this tender competition we are not obliged to follow full EU Procurement Regulations (OJEU). However we will run an open, fair and transparent process. Interested parties should visit to register their interest. Misrepresentation Notice All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

24 HOW TO GET IN TOUCH 23 Contact For further information including the full Feasibility Study, architectural plans and to register an expression of interest, please use the contact details below: Niall Brolly, Business Development Transport for London T: E:

HOBART PLACE London, SW1. Prime Central London office building of interest to owner occupiers & investors. www.12hobartplace.co.uk

HOBART PLACE London, SW1. Prime Central London office building of interest to owner occupiers & investors. www.12hobartplace.co.uk HOBART PLACE London, SW1 Prime Central London office building of interest to owner occupiers & investors. www.12hobartplace.co.uk A UNIQUE OPPORTUNITY TO ACQUIRE A PRIME LONDON OFFICE BUILDING. EXECUTIVE