Sold
Prime City Freehold Retail Investment Opportunity, London EC3
56/57 Cornhill, London EC3
Sold for £1,587,500
- Property Type:
- Commercial
- Sub Type:
- Retail
- Tenure:
- Freehold
- Net Initial Yield:
- 4.15%
- Site Area:
- 949 sq.ft [88 sq.m]
Tenancy
The retail unit is let to Wokit Limited for a term of 15 years from May 2017 at an initial rent of £70,000 per annum (£73.76 per sq ft). There is a tenant's option to determine at the 10th anniversary of the term.
Income
£70,000 per annum
Description
- Prime City retail investment opportunity.
- The property occupies a prominent position on Cornhill, close to its junction with Gracechurch Street.
- The property benefits from being situated in close proximity to a wide range of local amenities including the exclusive Royal Exchange and historic Leadenhall Market.
- The property comprises 949 sq ft (88.2 sq m) of A3 accommodation across lower ground, ground and first floors.