69-89 Mile End Rd - Office FOR SALE


London, LND E1 4UJ
$44,300,000 USD
207-588-4433
69-89 Mile End Rd, London, LND for Sale
$44,300,000 USD
Office - FOR SALE
1/17
null | 6.5% Cap Rate

69-89 Mile End Rd
London, LND E1 4UJ


HIGHLIGHTS

  • Whitechapel sits immediately adjacent to the east of the City of London
  • The Elizabeth Line station at Whitechapel is located just a six minute walk from Dept. W
  • he total income equates to £3,074,957 per annum reflecting just £35.88 per sq ft overall

OVERVIEW

Upper floors are let to Queen Mary University of London in its entirety (80% of total income), a Russell Group University and 5A1 covenant until 13 August 2035 (10.6 years unexpired) at a rent of £2,452,280 per annum, (£44.28 per sq ft). The three retail units are let to renowned tenants Tesco Stores Ltd, Sportsdirect.com Retail Limited, and The Gym Ltd (t/a The Gym Group) producing a total of £622,677 per annum (£20.54 per sq ft) with a WAULT of 10.6 years.

FOR SALE DETAILS

PRICE

$44,300,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,457 SF

ZONING

-

APN/PARCEL ID

222317,259861,266279,AGL270937,AGL270939,LN70523

ASK ABOUT THIS PROPERTY

207-588-4433

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207-588-4433

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