Office for sale

28 St. John's Lane, London, EC1M

Offers in Excess of £4,000,000
4,450 sq. ft.

Property Description

Commercial information

  • 4,450 sq ft (413 sq m)
  • Use class orders: B1 Business

Key features

  • Freehold investment opportunity
  • Attractive building in prime Farringdon location
  • Excellent 4,450 sq ft self-contained office/showroom
  • 9 x sold off loft apartments
  • 320 meters (4 min walk) from Farringdon Station
  • Genuine scope to improve office / showroom income
  • Offers are invited in excess of 4,000,000
  • A purchase at 4,000,000 reflects a net initial yield of 4.75% and a reversionary yield of 6.23% assuming purchasing costs at 6.8%

Full description

Tenure: Freehold

Location

28 St Johns Lane is located in Clerkenwell, one of Central London's most sought after
urban villages which is home to a diverse workforce and a well-established showroom
community.

The cosmopolitan area has blossomed over the last decade and is served by an
excellent selection of coffee shops, bars, restaurants and boutique hotels.

The area has long been home to creative, media and fashion occupiers. Occupier
profiles have broadened is recent years, including the arrival of tech companies
wishing to be within London's tech belt.

Clerkenwell Road, St. John Street and immediate surrounds have become
world famous for their interior and furniture showrooms. This is celebrated annually with
Clerkenwell Design Week.

The impending arrival of the Elizabeth Line at Farringdon Station in 2019 is expected to
boost the area further and is anticipated to be a catalyst to further popularity and
growth.

Showroom

28 St Johns Lane is a classic 1990's Clerkenwell warehouse conversion, comprising nine sold
off loft apartments from fifth to first floors and an excellent self-contained office/showroom
arranged over ground and lower ground floors. The building is of brick construction under a
flat roof.

The self-contained office/showroom has been meticulously fitted out by the current tenant
and boasts the following highlights:

+ Large frontage onto St. John's Lane
+ Generous cut-away to ground floor slab
+ Interconnecting staircase
+ Bar, kitchen and meeting room areas
+ Modern light fittings throughout
+ Raised access floors
+ Comfort cooling
+ 4 x demised W/C's
+ Security shutters

Proposal

The freehold interest in freehold title number AGL297100 is offered for sale with the benefit of the tenancies outlined within the tenancy schedule.

Price

Offers are invited in excess of £4,000,000.

A purchase at £4,000,000 reflects a net initial yield of 4.75% and a reversionary yield of 6.23% assuming purchasing costs at 6.8%.

VAT

The property is elected for VAT


More information from this agent

Nearest stations

  • Farringdon (0.1 mi)
  • Barbican (0.2 mi)
  • Chancery Lane (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 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 (0.1 mi)
  • Barbican (0.2 mi)
  • Chancery Lane (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 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.

Disclaimer - Property reference 28StJohnsLane1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Anton Page LLP, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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