Office for sale in Widegate Street, London E1

Key Points

Description

An opportunity to acquire an income-producing class-e building that maybe suitable for other uses including residential development / conversion and additional massing on the roof (subject to planning). There is also the possibility of achieving immediate vacant possession on parts of the building. The mid-terrace period property which is in very good order consists of a dental practice over basement and ground floors with a separate entrance to the upper parts of the building which are all office users.

Location

The property is located on the North side of Widegate Street, which runs between Middlesex Street and Sandys Row, minutes from Spitalfields Market and Bishopsgate. The Gerkin and Heron Tower are nearby and local office occupiers include Allen & Overy and Royal Bank of Scotland.

Price

£3,500,000 - subject to contract and tenancies.
(£610 per sq.ft. Capital value).

VAT

The building is not registered for VAT.

Tenancy

Multi-tenant building receiving a total income of £213,520 from 6 leases with varying tenancy events which shows a gross yield of 6.1%. See tenancy schedule.

Tenure

Freehold

Additional Information

EPC & other reports are available upon request.

Commute

Liverpool Street - 2 mins.
Aldgate - 9 mins.
Shoreditch High Street - 10 mins.
Aldgate East - 11 mins.

Parking

Broadgate - 6 mins.

Foodie Hotspots

- Marugame Udon - Ottolenghi
- Devonshire Terrace - Canto Corvino

Liquid Lunch

- Grapeshots - Kings Stores
- The Cocktail Club - Be At One

A Stretch Away

- Fitness First - Elysium
- Evolve Fitness - F45

Viewings

Bookings for physical and virtual tours are available, so we can walk you through how great this space in.