Restaurant for sale

8 St John Street, London EC1M

Location


The property benefits from an excellent trading position on the east side of St John Street, at the busy
junction with Smithfield Market, Charterhouse Street and Cowcross Street. Nearby occupiers include Pret, Paul, Gaucho, Smiths and St John.
Both Farringdon and Barbican Station are in close proximity and the location benefits from a high density of
office accommodation in the surrounding area.
Description


The building is set over basement, ground and first floors, with the entire property being within Use Class E
and trading as a pizza restaurant/takeaway.
The basement is used for storage whilst the ground floor is the main serving and seating area with a kitchen
to the rear. The first floor provides further seating area, office and customer toilet.
Gross
internal area


First Floor 22 sq.m 238 sq.ft
Ground Floor 41.5 sq.m 446 sq.ft
Basement 33.5 sq.m 362 sq.ft
Total 97 sq.m 1,046 sq.ft

All measurements stated are approximate
Tenancy information


The entire property is let on Fri terms to Pixxa Ltd on a 10 year lease granted outside the Landlord &
Tenant Act, expiring in December 2029, subject to a tenant only option to break in December 2024. The
passing rent is £35,000 per annum exclusive. There is an upward only rent review to open market rental
value in December 2024.
Planning and development


There exists a future opportunity to redevelop the property with an evident opportunity to add further
accommodation on several levels above, subject to planning.
Interested parties are advised to make their own enquiries in regards to planning.
Tenure


Freehold, subject to the existing tenancy.