FOR SALE 175-179 St John Street, London EC1 175-179 St John Street, Clerkenwell, London, United Kingdom, London, EC1V 4LW
Rare opportunity to acquire a freehold building in the heart of Clerkenwell with asset management potential - Subject to Contract 175-179 St John Street is an attractive red brick office building, located on the corner of St John Street and Aylesbury Street in the heart of Clerkenwell. The building totals 14,201 sq ft of high quality office and ancillary space, arranged over ground and five upper floors. The main reception is accessed off St John Street, leading through to the main stair and lift core where the single passenger lift provides access to the office floors. The office floors are regular in shape and range in size from 1,147 sq ft - 2,642 sq ft. There are excellent levels of natural light, with glazing on three elevations. The building has been subject to a rolling refurbishment over recent years to include a new 13 person passenger lift, upgraded air conditioning and the addition of a new 5th floor with an impressive outdoor terrace area. The office space is well specified and includes: raised floors and suspended ceilings, air-conditioning and male and female WCs on alternate floors. The building also offers 2 showers and 10 bicycle spaces. Price Building type Tenure Deal type Size (NIA) Size (GIA) 12,100,000 (offers in excess of) Office Freehold Investment 14,201 sq ft 17,598 sq ft Marketed by: JLL London Unlimited, JLL (City), JLL (West End) For more information please visit: https://realla.co/m/10437-175-179-st-john-streetlondon-ec1-175-179-st-john-street Stamp Duty Land Tax (SDLT) will be payable on the transaction consideration.
Freehold Central Clerkenwell location Excellent connectivity, in close proximity to Farringdon, Barbican, Angel & Old Street stations. Sale with vacant possession Prime Clerkenwell office rents stand at 72.50 psf. Ground floor showroom rents stand at 80.00 psf. Total net internal area of 14,201 sq ft arranged over ground and five upper floors Wide appeal to owner occupiers, investors and developers
175-179 St John Street, London EC1, 175-179 St John Street, Clerkenwell, London, United Kingdom, London, EC1V 4LW Data provided by Google
Floor Sq ft Sq m Comments Fifth 1,147 NIA 106.56 NIA Office Fourth 2,492 NIA 231.51 NIA Office Third 2,642 NIA 245.45 NIA Office Second 2,642 NIA 245.45 NIA Office First 2,642 NIA 245.45 NIA Office Ground 2,310 NIA 214.61 NIA Office Ground 326 NIA 30.29 NIA Reception Total size 14,201 1,319.32
Location overview Transport Airports National rail Tube Road Amenities The property is situated on the corner of St John Street and Aylesbury Street, in the heart of Clerkenwell. The historically important Smithfield Market is 300 metres to the south and Farringdon Station is 500 metres to the south. When the Elizabeth Line (Crossrail) opens in 2018, Farringdon will become London's most connected transport hub, where Crossrail interlinks with Thameslink, providing both north / south, east / west links. Accordingly, 175-179 St John Street will benefit from its opening next year. The Elizabeth Line from Farringdon will have direct trains to Heathrow Airport in 30 minutes. London City Airport is the nearest local airport and can be reached via the underground and Docklands Light Railway from Bank. Farringdon also provides direct trains to Luton airport. The closest station is Farringdon (less than 500m) with Angel, Old Street and Barbican stations all within a ten minute walk. Farringdon, Angel, Barbican and Old Street underground stations are within close proximity providing access to multiple underground lines including: Northern, Hammersmith and City, Metropolitan as well as the Elizabeth Line in 2018. 175 St John Street sits at the intersection of St John Street and Aylesbury Street in Clerkenwell, with St John Street leading due south to the Clerkenwell road, an arterial road leading to the east and west of Central and Greater London. Clerkenwell benefits from an array of retail and leisure amenities, providing a highly desirable environment. An eclectic mix of coffee houses, bars and local restaurants are located within the vicinity including; Coffee houses: Benugo, Workshop Coffee, Studio Coffee Bar The Ethiopian Coffee Company, Briki, Gail's Artisan Baker and The Clerkenwell Kitchen. Local bars and restaurants: Grainger & Co, The Modern Pantry, J & A Cafe, St John, Bird of Smithfield, Foxlow, Polpo Smithfield and Hix Oyster & Chop House. Other arts and leisure amenities include an array of local gyms, hotels and art galleries: Local Gyms: City Sport, Virgin Active, Gymbox, Soho Gyms Farringdon and Sudler & Hennessey. Local Hotels: The Zetter Town House, The Rookery, Malmaison London and The Rookery. Local Galleries: Clerkenwell Gallery and Eagle Gallery Exhibit. Local Occupiers: Alexander McQueen, Deloitte Digital, Improbable, Anomoly, Movember, Breather, Kurt Geiger, Expedia, Unilever, Adobe, Grey London.
Recent lettings transactions Address Floor Rent (psf) Lease term NIA (sq ft) Comments 80 Clerkenwell Road 3rd Floor 70 5 1,776 Break at year 3. 80 Clerkenwell Road 2nd Floor 70 5 1,819 Compton Courtyard Part 1st Floor 64 5 2,000 Break in year 3 21 Farringdon Road 3rd Floor 67.50 5 3,913 69 Turnmill Street First Floor 67.50 10 3,492 Recent sales transactions Completion Property Price NIY (%) NIA (sq ft) Capital value (psf) WAULT to break WAULT to expiry Comments 02/04/2017 Dinerama, 19 Grea... 14.50 13,068 1,110 Vacant Possession 02/04/2017 Nicon House, 21 W... 14.25 4.91 12,864 1,108 4 years 9 months 9 years 9 months Freehold Investment 05/12/2016 293-295 Old Stree... 11.50 11,034 1,042 Vacant Possession 09/11/2015 45 Clerkenwell Gr... 11 2.59 10,770 1,021 1 year 5 months Multi-let Freehol... Asset management The building offers the potential for immediate owner occupation, a light touch refurbishment or a more comprehensive refurbishment to include the rationalisation of the floorplates by removing the secondary stairwell. There is an opportunity, subject to planning, to convert the ground floor to a show room or restaurant use. EPC
Notes: 0207 852 4273 020 7248 6040 020 7493 4933 JLL London Unlimited Harry Murphy JLL John Woodger JLL Andrew Barnes 07792802640 +44 (0)203 147 1595 +44 (0)207 087 5769 harry.murphy@eu.jll.com john.woodger@eu.jll.com andrew.barnes@eu.jll.com Property descriptions and related information displayed on this page are marketing materials provided by JLL- London Unlimited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. JLL Dislaimer JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images maybe computer generated. Any photographs show only parts of the property as they appeared at the time they were taken @2015 Jones Lang LaSalle