House For Sale £4,000,000
St. John's Lane, London, EC1M

Freehold block consisting of 7 apartments.

Description

An extremely rare opportunity to acquire a freehold block of apartments in one of the best streets in Clerkenwell.

The block consists of three one bedroom apartments and four two bedroom apartments with a net internal area of approximately 4,400 square feet. All seven apartments are separate entities and have been previously let on AST's.

The building is sold with vacant possession and is served by a lift.

Please note, three ground floor commercial elements of the building will each be subject to a long leasehold lease back to the seller where associated with the adjoining building. This includes but is not limited to the adjacent ground floor reception area, a commercial bin store and the rear part of the adjoining retail premises. A permanent right of way will also be reserved over the ground floor emergency exit for the seller and the adjoining retail tenant.

Please further note there are ongoing investigations regarding the splitting of water services for this building and the adjacent commercial building. The water supply will either be separately sourced or will be part of a common supply system with the seller. The seller will confirm the chosen option in due course.

Full information on these matters including draft legal documentation can be provided to any interested party.
There is no income from the commercial spaces and no scope to extend the building higher.

Location

St. John's Lane is located in a historic pocket of Clerkenwel. To the South is St john Street and Cowcross Street which leads to Farringdon Station. To the North is St John's Gate which has stood since the 16th century and is home of the museum of the Order of St John.

The rest of the Street is a mixture of residential and commercial premises and there is little vehicle traffic due to the one-way systems.

Closest tube stations are Farringdon (280 yards), Barbican (400 yards) and Chancery Lane (820 yards).

Please note all distances are approximate. Source: Streetcheck.co.uk.

Square Footage: 4,450 sq ft