Mixed use investment property for sale in Spitalfields

This property is marketed by:
Strettons

Key features

• An attractive former warehouse building in a mix of retail and office uses
• A sought after commercial and residential district supporting a variety of office, residential, retail and F&B uses
• Basement, ground & 1st floors let to an independent barbering school, The London School of Barbering, for a term expiring July 2032 subject to a rolling mutual break from July 2027
• Total rents reserved of £102,000 per annum, reflecting a Reversionary rental tone of £33.73 per sq ft based on the NIA
• Located in the heart of historic Spitalfields, close to Liverpool Street station, Brushfield Street, Spitalfields Market and The Broadgate Estate
• Total NIA of 3,024 sq ft (280.9 sq m) and GIA of 4,047 sq ft (376.0 sq m) arranged over basement, ground, first, second, and third floors
• Second and third floors let out to independent pilates and dance fitness studios with leases expiring July 2028 and November 2026 respectively
• To be sold on a new 150 year lease at a peppercorn ground rent.

Description

13 Artillery Lane is an attractive, Victorian built former warehouse building comprising retail premises over the ground and basement floors; and offices arranged over the first, second & third floors. The building has a single main stair core accessed via an internal lobby inside the centrally positioned entrance approach into the building.

The retail element of the building has a prominent frontage to Artillery Lane, occupied by The London School of Barbering, an independent hair salon and barbering school that has traded from the property since 2018. The first floor, currently used as offices, interconnects to the ground and basement unit via an internal self-contained stair case.

The 2nd and 3rd floors have historically been occupied as offices but are currently occupied as a pilates studio on the 2nd floor and a Brazilian dance studio on the 3rd floor. The upper floors present simply appointed space with dedicated WC’s.

The building is located on Artillery Lane which is a charming and characterful side street running east from Bishopsgate (A10), located in historic Spitalfields on the east edge of the City of London. This is a highly sought after office, residential and retail location within a few minutes’ walk of Liverpool Street station, with the Spitalfields Market complex, Brick Lane, and the wider Shoreditch area all being close by.