Mixed use investment property for sale in Spitalfields

This property is marketed by:
Strettons

The property is an inter-terraced shop located in a busy, prime retail trading position on the south side of Brushfield Street facing Spitalfields Market. The building comprises a 3-storey plus mansard level, Grade II Listed Georgian built property, the upper floors of which are configured as a single maisonette which has been sold off on a 125 year-long leasehold interest at a nominal ground rent. The retail element is configured over ground and basement levels, with a period shop front incorporating the historic Annie Gold signage fronting Brushfield Street. The retail premises is self-contained, with a single stair connecting the two levels, with a good largely open plan ground retail area and basement (which is also currently utilised for retail sales) with small rear store and toilet/back of house area.

The property is located right in the heart of Spitalfields, on the eastern edge of the City of London. This is a highly sought after office, residential and retail location with the Spitalfields Market complex located opposite, and Brick Lane, as well as a variety of boutique shops, and trendy eateries all being close by.

The area is well served by public transport with Liverpool Street Station (Tube, Overground, National Rail), (5-minute walk), Aldgate East Station (8-minute walk), Shoreditch High Street Overground (12-minute walk). The location supports a wide variety of quality independent retail and F&B businesses. Nearby occupiers on Brushfield Street include Space NK, Aesop, Anthropologie, Uniqlo, Pho, The Gun Spitalfields and many more.

Opportunity Summary

• Located in a prime Spitalfields retail position on Brushfield Street facing Old Spitalfields Market
• Nearby national occupiers in Brushfield Street include Space NK, Whistles, Aesop, Uniqlo, Anthropologie, On, Pho, Cos as well as a range of independent retailers.
• A beautiful, Grade II Listed Georgian shop, with accommodation arranged over ground and basement levels
• Held on a 999 year long leasehold interest from 11.07.1990 at a ground rent of £10 per annum
• Total retail Gross Internal Area 595 Sq ft (55.2 Sq m )
• Let to an established local retailer on a new 10 year lease expiring 07.04.2035 (mutual break 07.04.2030) with rents reserved of £50,000 p.a.x
• Upper floor maisonette sold off on a sub-long leasehold interest at a ground rent of £100 per annum

Location

The property is located right in the heart of Spitalfields, on the eastern edge of the City of London. This is a highly sought after office, residential and retail location with the Spitalfields Market complex located opposite, and Brick Lane, as well as a variety of boutique shops, and trendy eateries all being close by. The area is well served by public transport with Liverpool Street Station (Tube, Overground, National Rail), (5-minute walk), Aldgate East Station (8-minute walk), Shoreditch High Street Overground (12-minute walk). The location supports a wide variety of quality independent retail and F&B businesses. Nearby occupiers on Brushfield Street include Space NK, Aesop, Anthropologie, Uniqlo, Pho, The Gun Spitalfields and many more.