Freehold Retail Investment
Freehold Retail Investment
The historic Bishopsgate is one of the original 7 gates of the City of London and now forms an important thoroughfare in the heart of Europe's financial capital. The City of London is home to a range of international banks, financial institutions and corporates and professional practices which include Legal & General, UBS and Deutsche Bank. The property is prominently located on the east side of Bishopsgate, at the junction of Great St Helen's equidistant between the landmark Tower 42 and the Swiss Re Tower. The 88,200 sq (950,000 sq ft) 63 storey 'Pinnacle' office tower is currently being constructed immediately adjacent to the property.
Freehold.
The historic Bishopsgate is one of the original 7 gates of the City of London and now forms an important thoroughfare in the heart of Europe's financial capital. The City of London is home to a range of international banks, financial institutions and corporates and professional practices which include Legal & General, UBS and Deutsche Bank. The property is prominently located on the east side of Bishopsgate, at the junction of Great St Helen's equidistant between the landmark Tower 42 and the Swiss Re Tower. The 88,200 sq (950,000 sq ft) 63 storey 'Pinnacle' office tower is currently being constructed immediately adjacent to the property.
Freehold.
The property comprises an attractive period building comprising a retail unit on the ground floor with ancillary accommodation in the basement. The four upper floors consist of offices and hairdressing and beauty salons.
Note
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises an attractive period building comprising a retail unit on the ground floor with ancillary accommodation in the basement. The four upper floors consist of offices and hairdressing and beauty salons.
Note
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews/(Reversions) | |
|---|---|---|---|---|---|---|---|
| Basement | Ancillary | 42.74 sq m |
(460 sq ft) |
MR HIDIR DOGAN |
7 years from 01/07/2009 | £37,500 | (2016) |
| Ground | Retail | 55.74 sq m |
(600 sq ft) |
||||
| First | Office | 52.95 sq m |
(570 sq ft) |
THE NEW YORK LASER CLINIC LIMITED |
5 years from 05/09/2011 until 2016 (1) |
£11,000 | |
| Second | Office | 52.95 sq m |
(570 sq ft) |
BEAUTY BIZZ LIMITED | 5 years from 01/07/2009 | £14,560 | (2014) |
| Third | Office | 52.95 sq m |
(570 sq ft) |
VACANT POSSESSION | |||
| Fourth | Office | 49.24 sq m |
(530 sq ft) |
ST ETHELBURGA’S CENTRE FOR RECONCILIATION AND PEACE |
2 years from 09/06/2011 | £9,000 | (2013) |
| Totals | 306.57 sq m |
(3,300 sq ft) |
£72,060 | ||||
(1) The lease is outside the security of tenure provisions of the Landlord & Tenant Act 1954 and provides for a tenant option to determine the lease at the expiry of the 2nd year of the term.
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