Property photos
Just added
Leasehold
£750,000
(£716.33/sq. ft)
Retail premises for sale
Unit B, 40-56 City Road, Ec1, London EC1Y1,047 sq. ft
Local area information
Property location
Nearby amenities
- Central Foundation Boys' School 0.1 miles
- Old Street 0.1 miles
- Old Street 0.1 miles
- The Lyceum 0.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- New 250-year long lease expiring 9 August 2274 (c. 250 years unexpired) at a peppercorn ground rent.
- Located 160m south of Old Street Station, on the main arterial route running from the City of London to Angel.
- Additionally benefits from being within a 10 minute walking distance of Moorgate Station.
- Comprises 1,047 sq ft of retail accommodation over ground floor.
- Let to Early Bees Coffee Limited at a topped-up passing rent of £72,000 per annum reflecting £68.77 per square foot until 24 April 2035.
- Guaranteed rental performance with rpi-linked rent reviews, capped and collared between 2%–4% per annum.
Description
The unit comprises 1,047 sq ft of retail accommodation at ground floor level, forming part of a wider retail parade. The upper floors are in residential use and are excluded from the ownership. The unit also benefits from excellent street frontage onto City Road.
Location
40–56 City Road is located between Old Street and Finsbury Square, occupying a prominent position on the west side of City Road, the main arterial route into the City of London. The property lies just 160 metres south of Old Street Roundabout.
The unit comprises 1,047 sq ft of retail accommodation at ground floor level, forming part of a wider retail parade. The upper floors are in residential use and are excluded from the ownership. The unit also benefits from excellent street frontage onto City Road.
Location
40–56 City Road is located between Old Street and Finsbury Square, occupying a prominent position on the west side of City Road, the main arterial route into the City of London. The property lies just 160 metres south of Old Street Roundabout.
More information
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