9 St Clare Street, EC3 - Disposal - London

JLL are instructed for the disposal of the freehold interest in 9 St Clare Street, EC3, London.

Freehold Repositioning Opportunity

A summary of the investment considerations below:

• Freehold

• Occupies an island site on the east side of the City of London.

• Prominently positioned in the crossing of London’s financial district and Aldgate East, an area benefitting from a clustering of technology and innovation companies.

• Excellent connectivity located 150 meters from Aldgate Underground Station and 800 meters from Liverpool Street Station providing access across Central London.

• 14,836 sq ft (1,378 sq m) NIA of office and residential accommodation arranged over lower ground, ground and six upper floors

• Multi let to 3 office tenants and 2 residential occupiers (AST’s) producing a total rent of £235,718 per annum.

• The property provides a weighted average unexpired lease term of 2.21 years to expiries and 1.17 years to breaks. Five floors within the office accommodation are vacant.

• Ongoing negotiations with existing tenants to provide an earlier vacant possession date.

• Significant repositioning and repurposing opportunity to comprehensively refurbish the existing building, as well as the potential to add massing subject to the necessary planning consent.

• Potentially suitable for a range of alternative uses, subject to the required consent.

 OFFERS INVITED FOR THE FREEHOLD INTEREST SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT