9 St Clare Street, EC3 - Disposal - London_Property for Sale
9 St Clare Street, EC3 - Disposal - London_Property for Sale
9 St Clare Street, London, LON, EC3N 1LQ, UK

9 St Clare Street, EC3 - Disposal - London

Asset Description

9 St Clare Street was originally developed in 1987 and provides 14,836 sq ft (1,378 sq m) of net internal office and residential accommodation, arranged over lower ground, ground and six upper floors. The residential accommodation is made up of 2 flats at lower ground and ground level on AST's.

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Attributes

Building area net
14,836 sf
Year built
1987
WAULT
2.21 years

Media

Investment Highlights

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

 

9 St Clare Street, EC3 - Disposal - London 4_Property for Sale
9 St Clare Street, EC3 - Disposal - London 4_Property for Sale

Contact brokers

9 St Clare Street, EC3 - Disposal - London (0 Properties)

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Last updated
10 Jul 2024