BREAM'S BUILDINGS, HOLBORN - PHASE A

Investment Summary

• LOCATION – The property is located in the Holborn area of central London, and sits just off Chancery Lane
• PROPERTY –  The existing building is set over six floors, it has use class B1 a (general office use), on the lower ground and ground floor levels and use class A2 (financial and professional services) on the upper floors.  A submitted planning proposal, seeks permission to convert all floors to use class B1 a (general office use) status. In addition to this the planning seeks approval for an additional 2 floors to be contained in a new mansard roof increasing the property from 7,460 sq ft to 9,400 sq ft.

• THE BORROWER – The borrower has worked on similar projects historically that include obtaining and extending planning permissions and implementing new floors with successful exit.  The borrower has identified a preferred main contractor that has over 60 years’ experience in the field and a large array of similar past projects.