£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
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.
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