131-133 Whitecross Street
London
EC1Y 8JL

Freehold Central London Retail and Residential Investment

  • Shop let to tenant trading as Barbican Pizza until October 2033 (no breaks)
  • Includes three self contained flats
  • Vibrant historic location 600m north of the City of London
  • Close to Queen Mary University of London, City University and East London Tech City
  • VAT-free London Investment
  • Lot
    8
  • Auction
    16/Jun/2021
  • Rent
    £72,429 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,200,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 131-133 Whitecross Street<br>London<br>EC1Y 8JL
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  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
600 metres north west of Moorgate Underground Station
450 metres north-east of Barbican Underground Station
850 metres miles north-west of
Liverpool Street
Roads
A1, A10, A501 (Inner Ring Road)
Rail
Barbican Underground, Old Street Underground , Moorgate Underground, Liverpool Street Main line and Underground
Air
London City, London Heathrow,
Situation

The property is situated on the west side of the busy Whitecross Street some 600m north of the London Wall and the City of London. The iconic and fashionable Barbican Cultural Arts Centre and residential estate is some 250 metres south of the property. The locality benefits from its proximity to Queen Mary University of London, City University and fast growing East London Tech City at Old Street. Nearby retailers include Waitrose, Pret A Manger and a number of independent shops, cafe's and restaurants. Major office occupiers are to numerous to list but include the law firms, Slaughter and May, Linklaters and Addleshaw Goddard.

Tenure

Freehold.

Description

The property comprises a lock up shop with retail accommodation on the ground floor with ancillary accommodation in the basement. The three upper floors each accommodate a single one bedroom self contained flat which are accessed separately from Whitecross Street.

VAT

VAT is not applicable to this lot.

EPC

C (shop). See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
Basement
Retail/Takeaway
Ancillary
55.70 sq m
32.00 sq m
(600 sq ft) (1)
(344 sq ft) (1)
INDIVIDUAL t/a
Barbican
Express Pizza
25 years from
08/10/2008 until
07/10/2033
£28,50024/06/2022
24/06/2027
07/10/2033
First
Second
Third
Residential (1 bed)
Residential (1 bed)
Residential (1 bed)
57.13 sq m
46.92 sq m
46.92 sq m
(615 sq ft)
(505 sq ft)
(505 sq ft)
MINTLAND
PROPERTIES
LIMITED
3 years from
01/09/2020 until
31/08/2023
£43,929.60 
Total
238.67 sq m
(2,569 sq ft)
  £72,429.60 

(1) The floor areas stated above for the ground floor and basement have been published by the Valuation Office Agency.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    04.06.21
    File Size
    14 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    664 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Gary Phillips 0207 317 8680gary@solts.co.uk

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