Mixed use investment property for sale in Shoreditch

This property is marketed by:
Strettons

340 Old Street is an end terraced building brick built in 1865, and forms of a self-contained retail unit at ground and basement and a maisonette flat over the three upper floors accessed via separate entrance from Charlotte Road. The retail unit is fitted out as a barbers salon at the ground floor, benefiting from the active return frontage at the junction of the busy Old Street and Charlotte Road, whilst the basement provides staff break out space with a kitchen and WC facilities. The maisonette flat is accessed via a small ground floor lobby to the first floor, which contains a large open plan kitchen/dining/sitting room. The second floor contains two bedrooms, one of which is ensuite, and the top floor provides two further bedrooms and a family bathroom. The flat has been beautifully decorated recently, to incorporate the original character features such as original brickwork, sash windows, wooden window shutters, wooden flooring, exposed ceiling joists and beams, but also with modern kitchen and bathrooms.

The property is located in the vibrant and fashionable location of Old Street in Shoreditch, at the junction of Old Street and Charlotte Road. 340 Old Street offers easy access to the area’s vibrant mix of trendy restaurants, bars, and cafes. Nearby, you'll find the popular Dishoom for Indian cuisine, PizzaEast for wood-fired pizzas, and The Boundary Rooftop for drinks with a view.

The area is also home to Ozone Coffee Roasters for great coffee, along with lively spots like Brewdog and Street Feast, making it an ideal location for both work and play. The area is well served by public transport with Old Street (Northern) Tube Line being 300m to the west and Shoreditch High Street (Overground) Line being 500m to the southeast.

Key features

• Located in the heart of Shoreditch, situated a short walk from Old Street and Shoreditch High Street stations
• Characterful building oozing with numerous original features, including wooden flooring, exposed brickwork, and exposed wooden beams and joists
• 1,393 sq. ft (129.46 sq. m) residential maisonette flat across 3 upper floors
• Residential flat has been let on a short term holiday let basis as a 4- bedroom Airbnb producing c.£65,000 per annum, but will be sold with the benefit of vacant possession
• Residential flat has been redecorated to an impressively high standard throughout, and benefits from a spacious open plan kitchen/sitting room, 4 well sized bedrooms, and two bathrooms
• Mixed-use building comprising a self-contained retail unit and self-contained residential maisonette flat
• 719 sq. ft (66.79 sq. m) retail unit across ground and basement
• Retail unit let to Huckle Limited trading as a high-end barbers on a 15 year term expiring 30th June 2032 at a rent of £50,000 per annum, reflecting a passing rent of £69.54 per sq. ft
• Opportunity for owner occupation of the upper floors, with the benefit of income from the retail unit. Would also present an excellent investment by way of leasing the upper floors on conventional AST(s) or continued short-term holiday lets

Location

The property is located in the vibrant and fashionable location of Old Street in Shoreditch, at the junction of Old Street and Charlotte Road. 340 Old Street offers easy access to the area’s vibrant mix of trendy restaurants, bars, and cafes. Nearby, you'll find the popular Dishoom for Indian cuisine, Pizza East for wood-fired pizzas, and The Boundary Rooftop for drinks with a view. The area is also home to Ozone Coffee Roasters for great coffee, along with lively spots like Brewdog and Street Feast, making it an ideal location for both work and play. The area is well served by public transport with Old Street (Northern) Tube Line being 300m to the west and Shoreditch High Street (Overground) Line being 500m to the southeast.