340 Old Street, London, EC1V 9DS
Mixed-use retail/residential investment situated a short walk from Old Street and Shoreditch High Street stations1,450,000
2,112 sq ft
flat, investment, other
For Sale
Key features
- Located in the heart of Shoreditch, situated a short walk from Old Street and Shoreditch High Street stations
- Characterful building oozing with numerous original features, including wooden flooring, exposed brickwork, and exposed wooden beams and joists
- 1,393 sq. ft (129.46 sq. m) residential maisonette flat across 3 upper floors
- Residential flat has been let on a short term holiday let basis as a 4- bedroom Airbnb producing c.£65,000 per annum, but will be sold with the benefit of vacant possession
- Residential flat has been redecorated to an impressively high standard throughout, and benefits from a spacious open plan kitchen/sitting room, 4 well sized bedrooms, and two bathrooms
- Mixed-use building comprising a self-contained retail unit and self-contained residential maisonette flat
- 719 sq. ft (66.79 sq. m) retail unit across ground and basement
- Retail unit let to Huckle Limited trading as a high-end barbers on a 15 year term expiring 30th June 2032 at a rent of £50,000 per annum, reflecting a passing rent of £69.54 per sq. ft
- Opportunity for owner occupation of the upper floors, with the benefit of income from the retail unit. Would also present an excellent investment by way of leasing the upper floors on conventional AST(s) or continued short-term holiday lets
Property Description
340 Old Street is an end terraced building brick built in 1865, and forms of a self-contained retail unit at ground and basement and a maisonette flat over the three upper floors accessed via separate entrance from Charlotte Road. The retail unit is fitted out as a barbers salon at the ground floor, benefiting from the active return frontage at the junction of the busy Old Street and Charlotte Road, whilst the basement provides staff break out space with a kitchen and WC facilities. The maisonet
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