Retail Investment Property For Sale in London, E1

This property is marketed by:
Colliers

Located in the vibrant London submarkets of Whitechapel and Aldgate East, with nearby landmarks including Spitalfields Market, Brick Lane and MedCity.

Prominently situated in a highly visible location on Whitechapel Road, 150m east from Aldgate East station and 600m west of Whitechapel station.

The property is held on Virtual Freehold (987 years remaining).

Four well configured ground floor retail units totalling 11,304 sq ft (1,0 41.5 sq m) with the basement and upper floors comprising a hotel which is outside of the ownership, trading as Hyatt Place, a 4* hotel.

Fully let to low-risk national covenants, with 84% of the total income let to tenants with a CreditSafe Rating of A, ‘Very Low Risk’.

The foodstore element is secured to Tesco Stores Limited, the leading grocery retailer in the UK which is let on a 15 year lease subject to 5 yearly RPI linked reviews (collar & cap 1%-4%).

The property produces a total net rental income of £ 376,634 per annum with a WAULT of 6.1 years to expiry (4.2 years to break).