63-65 Princelet Street
Spitalfields, London, E1 5LPThe Space
Long Leasehold Investment Parade
At a glance
| Property Type | Retail |
| Tenure | For Sale |
| Size | 4,903 sq ft |
| Price | Offers in excess of £1,734,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Shoreditch High Street
6 mins
Whitechapel
9 mins
Liverpool Street
9 mins
Bethnal Green Rail
11 mins
Aldgate East
6 mins
Shoreditch High Street
8 mins
Aldgate
8 mins
Whitechapel
9 mins
Key Points
- 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%.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit - 1a | 1,248 | 115.94 | Available |
| Unit - 2b | 1,322 | 122.82 | Available |
| Unit - 3c | 1,463 | 135.92 | Available |
| Unit - 4d | 439 | 40.78 | Available |
| Unit - 5e | 430 | 39.95 | Available |
| Total | 4,902 | 455.41 |
The 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)