Leisure/hospitality for sale in 8 Artillery Passage, Spitalfields, London E1

Key Points

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