• Freehold Office with Renovation/Redevelopment Potential

• Vacant possession

• EPC Rating: D

• To be sold via Knight Frank Auction on 21st March

Property Description

Prominent Freehold Vacant Office in EC1
5 Floors of 3,031 sq ft (NIA)
Provides an asset management & development opportunity with potential Change of Use to Residential (1)
Close to Farringdon Station (Elizabeth, Circle, Metropolitan, Ham` & City Lines plus Thameslink) & Angel Station.
In the same ownership for 19 years

The property is arranged to provide lower ground, ground, first, second & third floor office/ ancillary accommodation.
The office accommodation has good natural light and includes : suspended ceilings, gas heating, raised floors in part and underfloor/ perimeter trunking.

Floor Areas (NIA)

Third Floor - 50.1 sq m (520 sq ft)
Second Floor - 60.4 sq m (582 sq ft)
First Floor - 58.8 sq m (654 sq ft)
Ground Floor - 59.6 sq m (602 sq ft)
Lower Ground Floor - 54.6 sq m (673 sq ft)

Total - 283.5 sq m (3,031 sq ft)

TENURE

Freehold

TENANCY

Vacant possession on completion of the sale.

PLANNING (1)

The property may benefit from a variety of alternative uses subject to all necessary consents & permissions. For further information please visit www.islington.gov.uk/planning

The property is not Listed and located within the “Clerkenwell Green” Conservation Area.

VAT

VAT is not applicable

EPC

Rating D

Location

The Property is located on St. John Street at its junction with Sekforde Street in the London Borough of Islington 1.6 miles to the northeast of central London. Significant development has taken place in the surrounding area, such as Barts Square to the South and around the new Crossrail station at Farringdon. City University London is located just to the north. Farringdon station is situated approximately 0.4 miles to the south of the Property and provides London Underground, Elizabeth Line and railway services. The underground station is serviced by the Hammersmith & City Line, the Circle Line and the Metropolitan Line, whilst the Elizabeth Line station provides fast and direct access across Central London. Angel underground station, serviced by the Northern Line, is situated approximately 0.5 miles to the north of the Property. Chancery Lane underground station, serviced by the Central Line, is situated approximately 0.6 miles to the southwest.

Tenure

Freehold

EPC Rating

D

Buyers fee

The buyers fee is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details: The sale of this property will take place on the stated date by way of and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.