KNIGHTSBRIDGE LONDON SW3

KNIGHTSBRIDGE LONDON SW3

22, 24, 26 AND 28 EGERTON GARDENS LONDON SW3 2DB A highly acclaimed traditional English hotel comprising 47 air-conditioned guest-rooms and suites within four intercommunicating period buildings, situated in an unrivalled position overlooking a tree lined garden square in Knightsbridge. These particulars are intended only as a guide and must not be relied upon as statements of fact. Your attention is drawn to the Important Notice on the last page of the text. Jones Lang LaSalle Hotels 22 Hanover Square London W1A 2BN Tel: +44 (0) 20 7399 5633 Direct fax +44 (0) 20 7399 5694 robert.seabrook@eu.joneslanglasalle.com Knight Frank 20 Hanover Square London W1S 1HZ Tel: +44 (0) 20 7629 8171 Direct fax +44 (0) 20 7409 7338 dominic.mayes@knightfrank.com 1

Situation The Franklin Hotel is located on Egerton Gardens, arguably one of London s most exclusive residential addresses, in the heart of Knightsbridge. Harrods, Harvey Nichols and the numerous designer retail outlets on Knightsbridge, Brompton Road, Sloane Street and Fulham Road are all within easy walking distance of the hotel. The Victoria and Albert and Natural History museums are close by, as are excellent public transport links to the West End and City of London. Knightsbridge (Piccadilly Line) and South Kensington (Piccadilly, District and Circle lines) underground stations are nearby. Heathrow airport is approximately 14 miles to the west, accessible via the A4/M4 or the Heathrow Express direct rail link from London Paddington main line station. Gatwick airport is thirty minutes from London Victoria main line station which is a five minute taxi journey from the hotel. 2

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The Hotel The hotel comprises the long leasehold interest in four intercommunicating red brick terraced buildings dating from 1880. The accommodation is laid out over lower ground, raised ground and five upper floors. All floors, with the exception of the fifth, are serviced by two 4 person (320kg) and one 6 person (500kg) Schindler passenger lifts and 3 internal staircases. The total gross internal area (includes internal structure but not outside walls) of the property is approximately 2,259 sq m (24,279 sq ft). The Franklin Hotel opened in September 1992, within 3 buildings, 24, 26 and 28 Egerton Gardens, London SW3. Internally the buildings were taken back to the external walls and fully redesigned to include new services, 35 fully air-conditioned guest-rooms and suites, common areas and back of house space. Number 22 Egerton Gardens was subsequently acquired in 1996 refurbished and incorporated into the hotel to provide 47 guest-rooms and suites in total. The property is now subject to a continual programme of repair and renewal which ensures the current private owners exacting standards are maintained. The hotel website can be seen at www.franklinhotel.co.uk. The Accommodation The floor plans and photography within these sale particulars best illustrate the scale, layout and style of the accommodation. The existing accommodation totals 47 air-conditioned guest-rooms and suites. 4

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Letting Accommodation Breakdown Room Type Number of Bedrooms Rack Rate Small Single Rooms 2 98 Single Rooms 8 160 Double Rooms 12 190 Queen Doubles 5 210 Deluxe Double Rooms 6 250 Garden Rooms 8 275 Deluxe Garden Rooms 6 325 Total 47 All bedrooms have full air-conditioning, en suite marble bathroom (45 with shower and bath and 2 with shower only), dual line direct dial telephone with voicemail and dataport, mini bar, room safe and satellite television. All rates are exclusive of Government Value Added Tax and breakfast and are valid from 1 September 2004. 7

In addition Lower Ground Floor Dining room providing 36 covers and capable of subdivision to provide flexible function or conference facilities. Kitchens, well equipped with stainless steel commercial catering equipment. Ladies and gentlemen s wc s. Staff locker and utility room. Staff shower and rest room/canteen. Housekeeper s office. Maintenance office. Boiler house. Raised Ground Floor Reception with management office to rear. Morning room, with casual seating for approximately 8 persons. Drawing room, which opens directly out to the gardens, providing casual seating for approximately 10 persons. Bar area (currently operated on the basis of an honesty bar ) provides seating for approximately 12. The Business Revenue Statistics 2000 2001 2002 2003 2004 Total Revenue 3,331,139 2,766,692 2,681,511 2,380,566 2,740,354 AARR* 195.57 189.29 185.85 176.53 187.69 Occupancy 86.37% 74.35% 74.02% 68.01% 74.10% *AARR - Average Achieved Room Rate Please note the revenue statistics apply to the calendar year (Jan - Dec) and 2004 comprises 5 months budget and 7 months actual. A complete and comprehensive information pack is available to genuinely interested parties upon application to the Joint Sole Selling Agents upon signature of a Confidentiality Agreement. Tenure The property is held on the residue of a lease from The Wellcome Trust (formerly The Trustees of Henry Smiths Charity), expiring December 2068 (64 years remaining). The current rent passing is 120,000 per annum which was set in 1989. The next rent review is in September 2008, then 2015 and then 10 yearly thereafter. The rent review is to be to 1.5% of freehold value. 8

Floor Plans Lower Ground Floor Not to scale Raised Ground Floor These plans are for guidance only and must not be relied upon as a statement of fact. Attention is drawn to the Important Notice on the last page of text of the particulars. 9

First Floor First Floor Mezzanine Second Floor 10

Third Floor FourthFloor Fifth Floor 11

The Rates The rateable value for the Hotel and Premises at 22-28 Egerton Gardens is 380,000. We understand that the rates payable for the period 01/04/2004 to 31/03/05 will be 173,280. We suggest that interested parties make their own enquiries to The Royal Borough of Kensington and Chelsea to confirm these figures on 020 8315 2082. Fire Certificate We are advised that the property holds a current fire certificate in accordance with the Fire Precautions Act 1971. Price Upon application to the Joint Sole Selling Agents, Knight Frank or Jones Lang LaSalle Hotels. Viewing Viewing is strictly by prior appointment. Please contact:- Robert Seabrook Dominic J Mayes Jones Lang LaSalle Hotels Knight Frank Tel: +44 (0) 20 7399 5633 Tel: +44 (0) 20 7861 1086 Fax: +44 (0) 20 7399 5694 Fax: +44 (0) 20 7409 7338 robert.seabrook@eu.joneslanglasalle.com dominic.mayes@knightfrank.com Important Notice 1 No description or information given whether or not in these particulars and whether written or verbal (information) about the property or its value may be relied upon as a statement or representation of fact. Neither Knight Frank LLP or Jones Lang LaSalle Hotels have any authority to make any representation and accordingly any information given is entirely without responsibility on the part of Knight Frank LLP, Jones Lang LaSalle Hotels or the seller. 2 The photographs show only certain parts of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 3 Any reference to alterations to, or change of use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by the intending buyer. 4 Any buyer must satisfy himself by inspection or otherwise as to the correctness of any Information given. Photographs dated: 2002/2003 Particulars dated: September 2004 designed & printed by white horse press (newbury) limited. t: 01635 527802 12

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Robert Seabrook Tel: +44 (0) 20 7399 5633 Dominic Mayes Tel: +44 (0) 20 7629 8171