£1,600,000
Property for sale
Property photos
Leasehold
£1,600,000
(£326.33/sq. ft)
Property for sale
63-65 Princelet Street, Tower Hamlets E14,903 sq. ft
Local area information
Property location
Nearby amenities
- Christ Church CofE School 0.1 miles
- St Anne's Catholic Primary School 0.2 miles
- Shoreditch High Street 0.3 miles
- Aldgate East 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Spitalfields, Whitechapel and City of London to find out more about the local area.
Features and description
- Leasehold
- Five Multi Let Retail Units
- Combining A Total Income Of £122,570 pa
- Excellent Connectivity with Liverpool Street Nearby
- Gross Initial Yield (Before Purchaser Costs) of 7.67% (Based Upon Rental Income of £122,570 pa & A Sale Price of £1,600,000)
- Leasehold Tenure of Each Retail Unit - 125-year lease from 25/03/2004
- Freehold Also Available For Sale - Details On Application
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.
Unit 1a - Tenant 1 - £37,000 (25/11/2016 - 26/11/2026)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No further breaks/reviews with a £4,000 rent deposit currently held.
Unit 2b - Tenant 2 - £33,000 - (10/09/2025 - 09/09/2035)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. A rent review on the 5th anniversary and a £8,250 rent deposit currently held.
Unit 3c - Tenant 3 - £24,000 (16/03/2022 - 15/03/2027)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No breaks/reviews with a £6,000 rent deposit currently held.
Unit 4d - Tenant 4 - £10,070 (11/01/2016 - 10/01/2026)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No further breaks/reviews and no rent deposit is held.
Unit 5e - Tenant 5 - £18,500 (19/07/2018 - 18/07/2033)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No further breaks with a £3,750 rent deposit currently held.
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 location 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.
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.
Unit 1a - Tenant 1 - £37,000 (25/11/2016 - 26/11/2026)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No further breaks/reviews with a £4,000 rent deposit currently held.
Unit 2b - Tenant 2 - £33,000 - (10/09/2025 - 09/09/2035)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. A rent review on the 5th anniversary and a £8,250 rent deposit currently held.
Unit 3c - Tenant 3 - £24,000 (16/03/2022 - 15/03/2027)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No breaks/reviews with a £6,000 rent deposit currently held.
Unit 4d - Tenant 4 - £10,070 (11/01/2016 - 10/01/2026)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No further breaks/reviews and no rent deposit is held.
Unit 5e - Tenant 5 - £18,500 (19/07/2018 - 18/07/2033)
Held outside the Security of Tenure provisions of The Landlord and Tenant Act 1954. No further breaks with a £3,750 rent deposit currently held.
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 location 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.
More information
Listed by
Stirling Ackroyd - Commercial
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