Retail premises for sale in 340 Old Street, London EC1V

For sale by auction 20/02/2025 £1,625,000 plus

freehold retail unit producing £50,000 pa and vacant four bedroom flat

Location & Description
The property is located in the vibrant and fashionable location of Old Street (A5201) in Shoreditch, at the junction of Old Street and Charlotte Road. The area is well served by public transport with Old Street (Northern) Tube Line being 300m to the west and Shoreditch High Street (Overground) Line being 500m to the south east. The property can be reached via Shoreditch High Street (A10) and Old Street (A501).

The property comprises a rarely available four storey freehold corner building, comprising a ground floor and basement retail unit together with a four bedroom flat over first, second and third floors, which is accessed via Charlotte Road.

Accommodation
The property comprises:

Ground Floor and Basement: Barbers retail area, Kitchenette, Staff Rest area, Toilet 807 Sq Ft (75 Sq M)

First Floor: Living Room and Kitchen
Second Floor: Two Bedrooms, Bathroom/Toilet
Third Floor: Two Bedrooms, Bathroom Toilet
1,206 Sq Ft (112 Sq M)

Lease Details
The retail unit is let to Huckle Limited (t/a Barbers) for a term of 15 years from 1st July 2017 at a rent of £50,000 per annum. (Rent review May 2025)

Tenure
Freehold

Note
1. Internal photos of flat provided by vendor.
2. The property has further rental potential.

Auction Surveyor : Rob Hills
Contact :

Retail unit producing £50,000 per annum and vacant four bedroom flat

EPC Rating
Retail Unit - D
Residential Flat - E