47 Fleet St 4,529 sq ft Office Property London EC4Y 1BJ £2,000,000 (£441.60/sq ft)

47 Fleet Street occupies a prominent position on the south side of Fleet Street at its junction with Fetter Lane, within the established legal and financial district of central London. City Thameslink station is within short walking distance, providing direct north-south mainline services through central London, and the Elizabeth line is close by at Farringdon Station. Blackfriars and Temple stations are also nearby, while Chancery Lane and St Paul’s stations are readily accessible. Numerous bus routes operate along Fleet Street, offering further connectivity across central London. An established, key commercial hub, the surrounding area provides a wide range of amenities, including cafés, restaurants, bars, and retail outlets, and sits within the Fleet Street Quarter Business Improvement District, an area witnessing an unprecedented level of development and upgrading public spaces, with the aim of creating a cohesive, future-proof location to “work, visit, live, and invest in". Long Leasehold for sale with an in-place revenue stream and significant value-add opportunities Comprising of a 6-level period property, totaling 4,529 sq ft / 421 sq m (NIA) / 6,081 sq ft / 565 sq m (GIA), the building benefits from a principal revenue stream from the wine bar on the lower two floors, whilst the upper parts offer an office refurbishment opportunity for a developer, investor or occupier, and significant value-add opportunities. The famous wine bar and eatery El Vino, dating back more than 100 years, occupies the ground floor and basement. Now owned by Davy’s Wine Merchants - which itself was established in 1870 - the premises are a true piece of Fleet Street history. The self-contained upper parts present a range of opportunities for a purchaser. The floors are in need of comprehensive works to upgrade and reimagine the accommodation, whether for re-letting or occupation as an owner-occupier. Subject to obtaining the necessary consents, there may be scope to extend the premises to the rear and reconfigure the circulation space, to include potentially installing a passenger lift. Further details, plans and general information are available from the Data Room, which can be accessed below by visiting the Marketing Website or going to https://tinyurl.com/su2scxhv El Vino, an historic and famous wine bar and eatery, dating back more than 100 years, occupies the lower floors, on a lease expiring in 2036.
Fully self-contained upper parts, arranged over 1st-4th floors, offering an office refurbishment opportunity for a developer, investor or occupier.
Potential for extending to the rear and conversion for alternative uses.
Although not a Listed building, the property is situated within the Fleet Street Conservation Area.
Lies within the Fleet Street Quarter Business Improvement District, an area witnessing an unprecedented level of development and upgrading public spaces.
A new 125 yr Long Leasehold interest is available, at a ground rent of £1,000 per annum, reviewed every 25 yrs. The property may also be suitable for conversion to a range of alternative uses, including a C1/boutique apart-hotel scheme, subject to obtaining the necessary consents; however, the lease will specifically exclude any change of use for C3 residential proposes. The property is available with vacant possession of the upper floors, and with the benefit of an income stream of £90,000 per annum from the lease of the ground floor & basement wine bar. There is also a short term tenancy on the 3rd floor producing a further £9,000 per annum.