Office for sale

The Ragged School, 18 Vine Hill, 15 -29 Eyre Street Hill, London, EC1

0.39 ac. | POA

Property Description

Commercial information

  • 0.39 acres (0.16 hectares)

Key features

  • Freehold
  • Substantial refurbishment and development opportunity
  • Prime Clerkenwell location
  • Attractive converted Victorian Ragged school totalling 18,807 Sq Ft (NIA)
  • Total site extends to approx 0.158ha (0.389 acres)
  • Close to Farringdon Station - the Elizabeth line arrives 2018

Full description

Description

The site comprises the imposing Ragged School (18 Vine Hill) situated on the north and eastern side of Vine Hill and the car park (15 - 29 Eyre Street Hill) to the east of the school building fronting Eyre Street Hill.

18 Vine Hill provides 18,807 sq ft (NIA) of mixed open plan office accommodation arranged over lower ground, ground and 7 upper floors (inc. mezzanines). The lower ground, upper ground and 1st floor offices were all extended in the 1960s and all floors in the building are served by the main staircase leading from the ground floor entrance on Vine Hill.

The building only adjoins 16 Vine Hill to the south, creating an almost island site with an abundance of natural light from the high windows and ceilings throughout.

The 1st floor was refurbished in 2008 and provides modern specified offices, including raised floors, pendent lighting and exposed air conditioning services. The remainder of the accommodation is typically basic and mostly un-refurbished with solid floors.

Access to the car park (15 - 29 Eyre Street Hill) is at lower ground floor level from the rear of 18 Vine Hill.

15 - 29 Eyre Street Hill is predominantly open car parking (22 spaces marked out) with a single storey garage to the south of the site adjoining The Gunmakers public house (13 Eyre Street Hill).

The eastern frontage extending 36 metres along Eyre Street Hill is currently fenced with gated access.

The Site

The freehold ownership extends to approximately 0.158 ha (0.389 acre) - please see particulars for site plan.

Opportunities

The Ragged School offers potential for adding significant value through repositioning the building, refurbishment, extension, development and alternative uses, subject to all necessary and relevant consents.

Refurbishment and Extension of 18 Vine Hill

Major refurbishment of the existing building
Reposition the building to specifically target occupier demand - creative, technology, media and fashion industries
Potential to increase office accommodation - create new mezzanine floors and extend the 2nd floor out above 1960s extension
Potential to create large roof terrace and building amenity at 2nd floor - roof area above 1960s extension
Potential to create lower ground floor courtyard and building amenity - cleared yard to the north west of the building

Development and Alternative Uses

Major development of the car park (15 - 29 Eyre Street Hill)
Develop a single building on the site - linked and extended into 18 Vine Hill
Develop a standalone building on the car park to complement 18 Vine Hill
Opportunity to create a larger and more prominent entrance on to Eyre Street Hill
Potential for alternative uses - office, residential, educational, hotel
Opportunity to create a mixed use site

More information from this agent

Nearest stations

  • Farringdon (0.3 mi)
  • Chancery Lane (0.3 mi)
  • Holborn (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Gerald Eve LLP, London

46 Bow Lane London EC4M 9DL

020 3858 3002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Farringdon (0.3 mi)
  • Chancery Lane (0.3 mi)
  • Holborn (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Gerald Eve LLP, London

46 Bow Lane London EC4M 9DL

020 3858 3002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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