TypeRetail Investments

E1 63-65 Princelet Street, Tower Hamlets, London

TenureFor sale

63-65 Princelet Street, Tower Hamlets, London, E1 1/13

Specification

Building size
Building size 4,903 sqft
Property type
Property type Retail Investments
Tenure
Tenure For sale

Description

Offering an opportunity to secure a retail parade investment, compromising of five multi let commercial units. Each retail unit is a 125 year lease from 2004 on a peppercorn ground rent. Combining a total income of £122,570, a purchase level based on the current income reflects a gross internal yield of 7.67% before purchaser costs, based on the current rental income of £122,570 and a sales price of £1,600,000.

Location

Surrounded by occupiers such as Fora Truman Brewery and the nearby Spitalfields Market. Located in Shoreditch, moments away from Brick Lane the area proves to be a lasting popular for residents and independent operators.

Connectivity is unmatched, with Shoreditch High Street Station moments away offering connections to further London via the Windrush Line. Alongside Aldgate East, Aldgate and Whitechapel nearby and Liverpool Street Station a short walk away.

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