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Retail Investments
Ground Rents
Ground Rents
Brushfield Street, Spitalfields, London, E1
SOLD 595 sf
Retail Investments, Ground Rents for Sale
Brushfield Street, Spitalfields, London, E1
SOLD
The property is an inter-terraced shop located in a busy, prime retail trading position on the south side of Brushfield Street facing Spitalfields
Market. The building comprises a 3-storey plus mansard level, Grade II Listed Georgian built property, the upper floors of which are configured as a
single maisonette which has been sold off on a 125 year-long leasehold interest at a nominal ground rent. The retail element is configured over ground and basement levels, with a period shop front incorporating the historic Annie Gold signage fronting Brushfield Street. The retail premises is self-contained, with a single stair connecting the two levels, with a good largely open plan ground retail area and basement (which is also currently utilised for retail sales) with small rear store and toilet/back of house area.
Located in a prime Spitalfields retail position on Brushfield Street facing Old Spitalfields Market
Nearby national occupiers in Brushfield Street include Space NK, Whistles, Aesop, Uniqlo, Anthropologie, On, Pho, Cos as well as a range of independent retailers.
A beautiful, Grade II Listed Georgian shop, with accommodation arranged over ground and basement levels
Held on a 999 year long leasehold interest from 11.07.1990 at a ground rent of £10 per annum
Total retail Gross Internal Area 595 ft2 (55.2 m2 )
Let to an established local retailer on a new 10 year lease expiring 07.04.2035 (mutual break 07.04.2030) with rents reserved of £50,000 p.a.x
Upper floor maisonette sold off on a sub-long leasehold interest at a ground rent of £100 per annum
Total net rents reserved of £50,090 per annum
Location
The property is located right in the heart of Spitalfields, on the eastern edge of the City of London. This is a highly sought after office, residential and retail location with the Spitalfields Market complex located opposite, and Brick Lane, as well as a variety of boutique shops, and trendy eateries all being close by.The area is well served by public transport with Liverpool Street Station (Tube, Overground, National Rail), (5-minute walk), Aldgate East Station (8-minute walk), Shoreditch High Street Overground (12-minute walk). The location supports a wide variety of quality independent retail and F&B
businesses. Nearby occupiers on Brushfield Street include Space NK, Aesop, Anthropologie, Uniqlo, Pho, The Gun Spitalfields and many more.
Amenities
Retail Rent £50,000 paResi Ground Rent £100 pa
Initial Yield 6.05%