11 ARTILLERY LANE, SPITALFIELDS, LONDON, E1 7LP
Freehold Medical Investment Opportunity For Sale | E1 7LP | 1,970 Sq FtKey features
- Rare opportunity to acquire a self-contained former warehouse building in a prime Spitalfields location.
- Recently refurbished providing a series of treatment rooms and ground floor reception
- Single let to Fusion GT Ltd on a lease expiring 26.11.2028 (subject to TBO at 26.11.2023)
- Offers invited in excess of £850,000, representing a Net Initial Yield of 6.35% assuming purchaser's costs of 5.565% and a low capital value of £579 per ft2 based on the NIA and £431 per ft2 based on the GIA.
- In close proximity to Liverpool Street, Broadgate Estate, and Spitalfields Market
- 1,970 sq. ft GIA / 1,468 sq. ft NIA over basement, ground, and four upper floors
- Total rents reserved, £57,000 per annum exclusive.
Description
A mid terraced former warehouse building of brick construction with attractive façade and shop front style entrance approach with a single staircase serving all floor. The building has recently undergone an extensive programme of refurbishment by the current tenant and is configured with a series of treatment rooms and offices/consulting rooms over the basement and upper floors, with a dedicated reception area at ground floor level.
The building lies on Artillery Lane located just to the east of Bishopsgate in a location with a rich history that borders the City of London, Spitalfields and Shoreditch. The area supports a wide diversity of occupiers. Schemes including the Broadgate Estate, Devonshire Square, London Fruit Exchange and Bishops Square accommodate some of the City's largest and best-known occupiers in the finance and professional services sectors. These sit alongside a huge variety of start up and creative businesses located across the wider Spitalfields and Shoreditch area. The location is well served by public transport, with Liverpool Street (Central, Circle, Metropolitan, Hammersmith & City, Mainline and proposed Crossrail services) Aldgate East (Circle, Hammersmith & City lines) and Shoreditch High Street (Overground services) stations are all within a 5-10-minute walk.
Close proximity to some of the best-known retail and leisure hubs in the City fringe further adds to the appeal of the location. Spitalfields Market, the Old Truman Brewery and Box Park are all within easy reach - as are the extensive retail facilities at Liverpool Street station and across the recently re-modelled Broadgate Estate. The mix of retail and leisure amenity makes this area one of the most dynamic and vibrant in inner London. Local occupiers in the vicinity include Ottolenghi, Canto Corvino, Breakfast Club, Anthropologie, Hotel Chocolat, Eataly, Rapha, and Flat Iron, to name but a few.