Property Summary
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Area Sq ft: 1,287 sq ft
Property Description
£26,000,000 – 14 St. Cross St, Clerkenwell, London EC1N 8UN – Multi-storey Car Park for SaleThis highly prominent multi-storey car park is located at 14 St. Cross St, Clerkenwell, London, with a total NIA of 126,374 sq ft spread across 9 floors. The property is situated on a 0.37-acre site and offers a large car parking facility, currently accommodating 353 car parking spaces.
The building is offered for sale at £26,000,000 (£205.74 per sq ft) and provides an exceptional opportunity for investors. It benefits from being located less than 200 metres from Farringdon Station, providing excellent connectivity via the Elizabeth Line.
The building currently operates as an NCP car park, but comes with consented plans for redevelopment by Allford Hall Monaghan Morris to create 127,576 sq ft (11,852 m²) of office and specialty space.
Key Features
Available Space: 1,287 sq ft (office space)
Sale Price: £26,000,000 (£205.74 per sq ft)
Asking Rent (Office): £47.50 per sq ft (FRI)
Service Charge: £4.20 per sq ft
Building Type: 3-Star Multi-storey Car Park
Location: Clerkenwell, London EC1N 8UN
Construction: Masonry
Floors: 9
Year Built: 1960
Typical Floor: 14,042 sq ft
Parking Ratio: 2.79 spaces per 1,000 sq ft
Parking Spaces: 353 (covered)
Investment Highlights
Highly Prominent Corner Block: The property is located at a prominent corner site, offering great visibility and accessibility.
Excellent Transport Links: Located less than 200 metres from Farringdon Station, which provides direct access to the Elizabeth Line, offering easy transport connectivity to key London areas, including Canary Wharf and the West End.
Redevelopment Potential: Consented development plans by Allford Hall Monaghan Morris for a scheme comprising 127,576 sq ft (11,852 m²) of office and specialty space, making this a prime investment for future development.
Vacant Possession: The car park is operating under an NCP lease, with vacant possession achievable within 12 months.
Prime Location: Situated in the Clerkenwell submarket, within the dynamic London Midtown area, the property offers excellent access to the City of London and surrounding business districts.
Property Mix
Office: 12,009 sq ft (9.5%)
Specialty: 114,365 sq ft (90.5%)
Current Use: Multi-storey car park with 353 parking spaces
Leasing Details
Smallest Office Space Available: 1,287 sq ft
Max Contiguous Office Space Available: 1,287 sq ft
Leased: 99.0%
Rent: £47.50 per sq ft (FRI)
Service Charge: £4.20 per sq ft
Location
The property is strategically located on St Cross Street, just off Hatton Garden in the Clerkenwell submarket. It is within walking distance of Farringdon Station and benefits from excellent connectivity to major transport networks, including the Elizabeth Line and Thameslink services. The area is well-served by numerous amenities, including shops, cafes, and restaurants, making it an ideal location for businesses.
For further details or to arrange a viewing, please contact Fraser Bond.
