Property photos
Under offer
Freehold
Offers in region of
£650,000
(£714.29/sq. ft)
Leisure/hospitality for sale
8 Artillery Passage, Spitalfields, London E1910 sq. ft
Local area information
Property location
Nearby amenities
- Christ Church CofE School 0.2 miles
- London Liverpool Street 0.2 miles
- Liverpool Street 0.2 miles
- The Complete Works Independent School 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Spitalfields, Liverpool Street and City of London to find out more about the local area.
Features and description
- Freehold
Key Points
Fuly Fitted Kitchen with Extraction System Excellent City Fringe Location Excellent Transport Links Alcohol License Large Shopfront WC Facility Storage Facility Wooden Flooring Grade II Listed Long-Term Tenant
Description
The available accommodation is a self-contained freehold retail investment located in a Grade II listed mixed-use building. It boasts an excellent City Fringe location with superb transport links, thanks to its close proximity to Liverpool Street Station and Aldgate East Station. The property includes an alcohol license, a fully fitted kitchen with an extraction system, a storage facility in the basement, and WC facilities. The asset is tenanted for a further 14 years by a restaurateur operating a Tuscan restaurant and wine bar, who has been in business for over 20 years. The current passing rent is £39,000 per annum. A purchase at the asking price of £650,000 will reflect a gross yield of 6%.
Location
The property is located on the North side of Artillery Passage in close proximity to Artillery Lane junction. Situated only few minutes from Bishopsgate and Spitalfields Market, local office occupiers include Allen and Overy, Royal Bank of Scotland and Societe and Generale. Liverpool Street Station is within a short walk, as are the numerous bus services to the City and Shoreditch, which run along Bishopsgate.
Viewings
Strictly by appointment only
Terms
Freehold
VAT
Not Applicable
Yield
Gross Yield: 6%
Tenancy Details
Name of the Business: Enoteca Super Tuscan
Business Type: Restaurant & Wine Bar
Passing Rent: £39,000 per annum
Lease length: 35 year lease from 23rd May 2003 (14 years unexpired)
Ground Rent
Peppercorn
Description
The available accommodation is a self-contained freehold retail investment located in a Grade II listed mixed-use building. It boasts an excellent City Fringe location with superb transport links, thanks to its close proximity to Liverpool Street Station and Aldgate East Station. The property includes an alcohol license, a fully fitted kitchen with an extraction system, a storage facility in the basement, and WC facilities. The asset is tenanted for a further 14 years by a restaurateur operating a Tuscan restaurant and wine bar, who has been in business for over 20 years. The current passing rent is £39,000 per annum. A purchase at the asking price of £650,000 will reflect a gross yield of 6%.
Location
The property is located on the North side of Artillery Passage in close proximity to Artillery Lane junction. Situated only few minutes from Bishopsgate and Spitalfields Market, local office occupiers include Allen and Overy, Royal Bank of Scotland and Societe and Generale. Liverpool Street Station is within a short walk, as are the numerous bus services to the City and Shoreditch, which run along Bishopsgate.
Viewings
Strictly by appointment only
Terms
Freehold
VAT
Not Applicable
Yield
Gross Yield: 6%
Tenancy Details
Name of the Business: Enoteca Super Tuscan
Business Type: Restaurant & Wine Bar
Passing Rent: £39,000 per annum
Lease length: 35 year lease from 23rd May 2003 (14 years unexpired)
Ground Rent
Peppercorn
Floor plans and tours
Floor plans (1)
More information
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