28 St. John’s Lane, London EC1M 4BU

4450 sq. ft.

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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.

Transport

  • Farringdon Station (Metropolitan, Hammersmith & City, Circle Lines and Thameslink)
  • Barbican Station (Metropolitan, Hammersmith & City, Circle Lines)
  • Chancery Lane (Central line)

Description

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.

Amenities

  • 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

Approximate floor areas

Ground & L.Ground 4,450 sq. ft.

Service charge

Not applicable

Rates

Not applicable

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

Lease

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%.

Property Misdescriptions act 1991 / Misdescriptions Act 1967. Anton Page LLP for themselves and for the vendors of this property whose agents they are, give notice that: These particulars do not form any part of any offer or contract: the statements contained therein are issued without responsibility on part of the firm or their clients and therefore are not to be relied upon as statements or representations of fact, any intending purchaser must satisfy himself as to the correctness of each statement made herein: and the vendor does not make or give, and neither the firm nor any of their employees have the authority to make or give, any representation or warranty whatever in relation to this property. All prices exclude VAT.