Retail premises for sale

63-65 Princelet Street, Spitalfields, London E1

Description

The available accommodation consists of a parade of five tenanted Class E units located on the ground floor of a mixed-use development.
It offers excellent transport connectivity and is surrounded by fantastic occupiers in the area, including the Truman Brewery Market, Old Spitalfields Market, Flat Iron, and many more. This multi-tenanted asset generates a combined rental income of £122,570 per annum. With an asking price of £1,600,000 the purchase reflects a net initial yield (N.I.Y) of 7.21%.

Location

The property is situated on the Northern side of Princelet Street, near its intersection with Wilkes Street and the bustling Brick Lane. It is in close proximity to the thriving Spitalfields Market, with its fashionable shops and dining establishments. The property is also within a brief walking distance from Shoreditch High Street Station, offering convenient access to the Overground line, as well as Liverpool Street Station, a major transportation hub offering connections on the Elizabeth Line, Overground, Stansted Express rail lines, and the Metropolitan, Circle, and Hammersmith & City
Underground lines.

Viewings

Strictly by appointment only.

Terms

Each shop unit is held on a 125- year lease from 25/03/2004, at a peppercorn. The Freehold may also be available, details upon application