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A Prime Freehold Mixed Use Investment Opportunity

307 Old Street, London EC1

Offers in excess of £1,400,000

Property Types:
Commercial, Mixed, Residential
Sub Types:
Retail, Flat
Tenure:
Freehold
Net Initial Yield:
4.54%
Site Area:
1,571 sq.ft [146 sq.m]

Tenancy

The retail unit is let to A&Z Dry Cleaners, subject to a lease for a term expiring June 2020 at a passing rent of £24,500 per annum.

The flat is subject to an Assured Shorthold Tenancy at a passing rent of £42,900 per annum.

Description

  • Freehold.
  • Fully let mixed use investment comprising:
    • Ground floor retail unit extending to approximately 400 sq ft (37.16 sq m).
    • Recently refurbished self-contained three bed flat arranged over three upper floors extending to approximately 1,171,sq ft (108.79 sq m).
    • The property as a whole extends to 1,571 sq ft (145.95 sq m).
  • Total current passing rent of £67,400 per annum which equates to £42.90 per sq ft overall.
  • Situated in the highly desirable Shoreditch Triangle, a 5 minute walk to Tech City.
  • Attractive mid-terraced building in close proximity to the Shoreditch High Street regeneration area.