Offers over
£1,734,000
(£353.66/sq. ft)
Retail premises for sale63-65 Princelet Street, Spitalfields, London E1
4,903 sq. ft
Leasehold
About this property
Good Transport Links
Net Yield: 6.38%
Multi Tenanted
Description
The available accommodation consists of a parade of five tenanted Class E units located on the ground floor of a mixed-use development.
It offers excellent transport connectivity and is surrounded by fantastic occupiers in the area, including the Truman Brewery Market, Old Spitalfields Market, Flat Iron, and many more. This multi-tenanted asset generates a combined rental income of £117,500 per annum. With an asking price of £1,734,000, the purchase reflects a net initial yield (N.I.Y) of 6.32%.
Location
The property is situated on the Northern side of Princelet Street, near its intersection with Wilkes Street and the bustling Brick Lane. It is in close proximity to the thriving Spitalfields Market, with its fashionable shops and dining establishments. The property is also within a brief walking distance from Shoreditch High Street Station, offering convenient access to the Overground line, as well as Liverpool Street Station, a major transportation hub offering connections on the Elizabeth Line, Overground, Stansted Express rail lines, and the Metropolitan, Circle, and Hammersmith & City
Underground lines.
Viewings
Strictly by appointment only.
Terms
Long Leasehold - 125 years from 2004 at peppercorn. (105 years remaining)
The available accommodation consists of a parade of five tenanted Class E units located on the ground floor of a mixed-use development.
It offers excellent transport connectivity and is surrounded by fantastic occupiers in the area, including the Truman Brewery Market, Old Spitalfields Market, Flat Iron, and many more. This multi-tenanted asset generates a combined rental income of £117,500 per annum. With an asking price of £1,734,000, the purchase reflects a net initial yield (N.I.Y) of 6.32%.
Location
The property is situated on the Northern side of Princelet Street, near its intersection with Wilkes Street and the bustling Brick Lane. It is in close proximity to the thriving Spitalfields Market, with its fashionable shops and dining establishments. The property is also within a brief walking distance from Shoreditch High Street Station, offering convenient access to the Overground line, as well as Liverpool Street Station, a major transportation hub offering connections on the Elizabeth Line, Overground, Stansted Express rail lines, and the Metropolitan, Circle, and Hammersmith & City
Underground lines.
Viewings
Strictly by appointment only.
Terms
Long Leasehold - 125 years from 2004 at peppercorn. (105 years remaining)
Mortgage calculator
Monthly repayment
£8,674 per month
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