38-44 Middlesex Street, Liverpool Street, London, E1 7EX
Mixed-use retail and residential ground rent investment opportunity1,700,000
6,465 sq ft
other, retail
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
- 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 lines, Overground, and National Rail services.
- 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.
- 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.
- Located between Liverpool Street and Aldgate, within the London Borough of Tower Hamlets, in a prime Spitalfields location.
- 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.
- 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.
- Total rents received of £121,700 per annum.
Property 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.
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