60-62 Commercial St - Office FOR SALE


London, LND E1 6LT
$6,050,000 USD
203-835-2611
60-62 Commercial St, London, LND for Sale
$6,050,000 USD
Office - FOR SALE
1/6
null | 7% Cap Rate

60-62 Commercial St
London, LND E1 6LT


HIGHLIGHTS

  • Freehold.
  • Prime corner mixed-use building.
  • Located in the heart of Spitalfields, one of London’s most vibrant, diverse and creative hubs.
  • Excellent connectivity being 0.4 miles from Liverpool Street & Shoreditch High Street Stations, and 0.2 miles north of Aldgate East Underground Station.
  • Comprehensively refurbished in 2016.
  • The building totals 9,811 sq ft NIA comprising a 2,969 sq ft restaurant on the lower ground and ground floors, and 6,842 sq ft NIA of office accommodation on the four upper floors.
  • Fully let to five tenants with a passing rent of £452,389.50 per annum reflecting £46.11 per sq ft.
  • Attractive income length with a WAULT of 5.13 years to break and 6.01 years to expiry.

OVERVIEW

60 - 62 Commercial Street occupies a prominent corner position at the heart of the Spitalfields district. The property benefits from excellent connectivity being within a short walk of Liverpool Street Station, Shoreditch High Street Overground Station and Aldgate East Underground Station. Attractive Corner Freehold Mixed-Use Building A thoughtfully converted warehouse, 60 - 62 Commercial Street, E1 was fully refurbished in 2016. The property is 9,811 sq ft NIA comprising a 2,969 sq ft restaurant on the lower ground and ground floor, and 6,842 sq ft NIA of office accommodation on the four upper floors. Occupying a prominent corner position on the east side of Commercial Street, the office building benefits from natural light on two elevations, resulting in bright and well-lit floor plates. The design thoughtfully preserves the building’s heritage features by showcasing exposed brickwork, steel columns, and wooden floors. Located in the heart of Spitalfields, one of London’s most vibrant, diverse and creative hubs. Excellent connectivity being 0.4 miles from Liverpool Street & Shoreditch High Street Stations, and 0.2 miles north of Aldgate East Underground Station. The building totals 9,811 sq ft NIA comprising a 2,969 sq ft restaurant on the lower ground and ground floors, and 6,842 sq ft NIA of office accommodation on the four upper floors. Fully let to five tenants with a passing rent of £452,389.50 per annum reflecting £46.11 per sq ft. Attractive income length with a WAULT of 5.13 years to break and 6.01 years to expiry.

FOR SALE DETAILS

PRICE

$6,050,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

346287,AGL237496,AGL460835,AGL525973

ASK ABOUT THIS PROPERTY

Elliott SternComptonMore Info
203-835-2611

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Elliott SternComptonMore Info
203-835-2611

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.