38-44 Middlesex Street, Liverpool Street, London, E1 7EX
£255.22 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,465 sq ft
601 sq m
- SECTOR
High street retail property for sale
Key features
- 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
- 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.
Availability_text
The accommodation comprises the following areas:
Brochures
38-44 Middlesex Street, Liverpool Street, London, E1 7EX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Aldgate Station0.1 miles
- Aldgate East Station0.1 miles
- Fenchurch Street Station0.3 miles
About Strettons, London
1-3 Sun Street, London, EC2A 2EP
Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.
For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.
Notes
Disclaimer - Property reference 216498-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons, London on 020 3834 8750.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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