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  • For Sale
  • £1,000,000
  • 65 Redchurch Street, Shoreditch, London, E2 7DJ
  • Mixed-Use Investment & Development Opportunity

Mixed-Use Investment & Development Opportunity

| February 25, 2021

Executive Summary

  • A three-storey and basement mixed-use building with retail use over the ground floor and basement and the uppers floors occupied by medical facilities and offices. The total current passing rent is £61,800, and the building has a total ERV of £67,800 per annum.
  • Located on Redchurch Street, the centre of London’s creative district. Shoreditch High Street station is approximately 0.1 miles away, and London Liverpool Street station is approximately 0.7 miles away.
  • Offers are invited in excess of £1,000,000 subject to contract. This represents an approximate gross yield of 6.78% based on an ERV of £67,800 per annum.

Location
The building is located on Redchurch Street close to the junction with Club Row in the heart of Shoreditch, London’s most desirable creative district. Located in the London Borough of Hackney, the area is one of London’s most vibrant, exciting and prospering areas, and has had a long-standing affiliation with a wide range of creative industries. Over recent years, its appeal has grown to include leading media and professional firms with its proximity to the Silicon roundabout, becoming one of London’s fastest growing districts.

Shoreditch High Street railway station which is on the London Overground line is 0.1 miles away and London Liverpool Street station providing both Underground and Nation Express East Anglia Railway line services is 0.7 miles away. The area is well served by buses.

Well-known local businesses include Shoreditch House, Albion Hotel & Café, the Electric Cinema, APC, Aesop, Browns, and Nudie Jeans.

Please note all distances given are approximate only.

Terms
Offers are invited in excess of £1,000,000 subject to contract. This represents an approximate gross yield of 6.78% based on an ERV of £67,800 per annum.

Tenure
The freehold interest is to be sold subject to the existing tenancies.

VAT
We understand that the building has not been elected for VAT.

Data Room
A data room has been set up and access is available on request.

Viewings
Viewings are strictly by appointment through sole agents Harston&Co.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.