8 Artillery Passage
Spitalfields, London, E1 7LJThe Space
Freehold Income Producing Retail Investment
At a glance
| Property Type | Other |
| Tenure | For Sale |
| Size | 910 sq ft |
| Price | Offers in the region of £650,000 |
| Business Rates | £21,332.25 per annum |
| Energy Performance Rating | This property has been graded as C |
Liverpool Street
3 mins
Shoreditch High Street
7 mins
Fenchurch Street
9 mins
Moorgate
10 mins
Liverpool Street
4 mins
Aldgate
5 mins
Aldgate East
5 mins
Shoreditch High Street
7 mins
Key Points
- Fuly Fitted Kitchen with Extraction System
- Excellent City Fringe Location
- Excellent Transport Links
- Alcohol License
- Large Shopfront
- WC Facility
- Storage Facility
- Wooden Flooring
- Grade II Listed
- Long-Term Tenant
Description
The available accommodation is a self-contained freehold retail investment located in a Grade II listed mixed-use building. It boasts an excellent City Fringe location with superb transport links, thanks to its close proximity to Liverpool Street Station and Aldgate East Station. The property includes an alcohol license, a fully fitted kitchen with an extraction system, a storage facility in the basement, and WC facilities. The asset is tenanted for a further 14 years by a restaurateur operating a Tuscan restaurant and wine bar, who has been in business for over 20 years. The current passing rent is £39,000 per annum. A purchase at the asking price of £650,000 will reflect a gross yield of 6%.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit - GF & Basement | 910 | 84.54 | Available |
| Total | 910 | 84.54 |
The Location
The property is located on the North side of Artillery Passage in close proximity to Artillery Lane junction. Situated only few minutes from Bishopsgate and Spitalfields Market, local office occupiers include Allen and Overy, Royal Bank of Scotland and Societe and Generale. Liverpool Street Station is within a short walk, as are the numerous bus services to the City and Shoreditch, which run along Bishopsgate.
Viewings
Strictly by appointment only
Terms
Freehold
VAT
Not Applicable
Yield
Gross Yield: 6%
Tenancy Details
Name of the Business: Enoteca Super Tuscan
Business Type: Restaurant & Wine Bar
Passing Rent: £39,000 per annum
Lease length: 35 year lease from 23rd May 2003 (14 years unexpired)
Ground Rent
Peppercorn