£1,000,000
(£956.02/sq. ft)
Restaurant for saleSt Johns Street EC1M
1,046 sq. ft
About this property
Total area approximately 1,046 sq ft (97 m²)
Freehold investment with existing tenant on lease
Prime St John Street location in EC1M, near Smithfield Market
Passing rent £35,000 pa, upward-only review December 2024
Fully repairing & insuring lease in place
Potential for redevelopment or enhancement of upper floors
With great pleasure, Nexns Estates offers this prime location freehold restaurant investment opportunity at St John Street, London EC1M, for £1,000,000.
Around 1,046 square feet (97 m²) make up the building's basement, ground floor, and first floor: 362 square feet (33.5 m²) in the basement, 446 square feet (41.5 m²) on the ground floor, and 238 square feet (22 m²) on the first floor.
Situated at the intersection of St John Street and Smithfield Market, the site enjoys a high volume of foot traffic and is encircled by prominent tenants like Gaucho, Paul, and Pret.
Currently, with an annual passing rent of £35,000 exclusive. The lease expires in December 2029 (with a tenancy break in December 2024).
The possibility of future upside through rental reversion or upper floor redevelopment (subject to planning) is evident.
Around 1,046 square feet (97 m²) make up the building's basement, ground floor, and first floor: 362 square feet (33.5 m²) in the basement, 446 square feet (41.5 m²) on the ground floor, and 238 square feet (22 m²) on the first floor.
Situated at the intersection of St John Street and Smithfield Market, the site enjoys a high volume of foot traffic and is encircled by prominent tenants like Gaucho, Paul, and Pret.
Currently, with an annual passing rent of £35,000 exclusive. The lease expires in December 2029 (with a tenancy break in December 2024).
The possibility of future upside through rental reversion or upper floor redevelopment (subject to planning) is evident.
.png){kind=logo}