Retail premises for sale in 38-44 Middlesex Street, Liverpool Street, London E1

Offers over £1,650,000 (£255.22/sq. ft)
Interested in this property? Call +44 20 8022 4551 * or Request Details

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Retail premises for sale

6,465 sq. ft*

Property description

Key Points

  • Freehold retail parade with 3 class-e units across 6,465 sq. Ft over the ground and basement and 18 flats on 3 upper floors sold off providing a ground rental income
  • Located between Liverpool Street and Aldgate, within the London Borough of Tower Hamlets, in a prime Spitalfields location.
  • Situated a short walk from Liverpool Street and Aldgate/Aldgate East underground stations, providing access to the Elizabeth, Central, Circle, Metropolitan, and Hammersmith & City lines, and District lines, Overground, and National Rail services.
  • 38 Middlesex St – let to Food Court Ltd (t/a 1947 Indian Restaurant & Bar) on a 20-year lease expiring 05/03/2038 at £37,500 per annum.
  • 40-42 Middlesex St – let to Bide Ltd (t/a Bife Argentinian Restaurant) on an 18-year lease expiring 31/11/2038 at £55,000 per annum.
  • 44 Middlesex St – let to a private individual (t/a Rockerfella Barbers) on a 15-year lease expiring 07/03/2037 at £27,500 per annum.
  • 38-44 Middlesex St – 17 flats sold off with 94 years remaining, and 1 flat sold off with 163 years remaining. Each flat subject to £100 per annum ground rent.
  • Total rents received of £121,700 per annum.
  • To be sold at Strettons 25th July auction if sale not agreed prior.
  • Description

    The property comprises three self-contained retail units across ground and basement, and 18 flats across the first, second, and third floors
    with a dedicated residential entrance and common parts.

    Location

    The property is located in central London’s city fringe within the London Borough of Tower Hamlets. The site is situated on the north side of Middlesex Street, at the junction of New Goulston Street, and Gravel Lane. Nearby occupiers include Travelodge, Mumbai Square Restaurant, and The Bell Public House. The area hosts a wide range of destination retail operators and supports a wide variety of food and beverage operators owing to its proximity to Spitalfields Market and Petticoat Lane Market. The area is very well connected, with Liverpool Street, Aldgate, Aldgate East, and Shoreditch High Street stations all within a short walk, providing access to the Elizabeth, Central, Circle, Metropolitan, and Hammersmith & City lines, and District lines, Overground, and National Rail services.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Strettons City & City Fringe, EC2A on +44 20 8022 4551 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Strettons City & City Fringe, and do not constitute property particulars. Please contact Strettons City & City Fringe for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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