This property is no longer on the market
11 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- Freehold investment opportunity
- 7 residential apartments
- 3 x 1 bedroom
- 4 x 2 bedroom
- Lift
- Two apartments with terraces
- Offered with vacant possession
- EPC Rating = C
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
Places of interest
See more properties like this:
*DISCLAIMER
Property reference SRS220003. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills - Clerkenwell.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 18, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.