59-67 Mile End Rd 3,830 SF 100% Leased Retail Building London E1 4TT £6,750,000 (£1,762.40/SF) 2.01% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Heavy daytime footfall
- Prominent east London location within close proximity of Whitechapel Station
- Situated within walking distance of Queen Mary University of London, and the Royal London Hospital
EXECUTIVE SUMMARY
The property comprises two interconnecting buildings. 59-65 Mile End Road is a post-war built block arranged over basement, ground and three upper floors. 67 Mile End Road is an attractive Victorian building arranged over basement, ground and three upper floors that occupies a prominent corner position. To the rear of the property is a large secure car park.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
3,830 SF
Building Class
B
Year Built
1975
Price
£6,750,000
Price Per SF
£1,762.40
Net Initial Yield
2.01%
NOI
£136,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Building FAR
0.49
Lot Size
0.18 AC
Frontage
140 ft on Edward Passage Road
AMENITIES
- Signage
- Roller Shutters
- Storage Space
- Air Conditioning
1 of 1
NEARBY MAJOR RETAILERS
