Terraced house for sale in Artisan House, 38-44 Middlesex Street, Tower Hamlets, London E1

For sale by auction 06/06/2024 to be offered in our July auction - £1,650,000 plus

freehold mixed use, commercial and residential investment property, currentley producing £121,700 P.A

Location & Description
The property is located in the heart of Aldgate and Liverpool Street, on the north side of Middlesex Street, at the junction of New Goulston Street and Gravel Lane. The area hosts a range of destination retail operators, and supports a wide variety of Food and Beverage businesses.

The property enjoys a prime Spitalfields location, situated between Aldgate East and Liverpool Street Stations. The property comprises three retail units on ground floor and basement, and 18 flats (which have been sold off on a long leaseholds) over the first, second and third floors. Nearby occupiers included Travelodge, Mumbai Square Restaurant, and The Bell Public House.

Accommodation
38 Middlesex Street- Food Court Ltd - 20 years from 06/03/2018 at £37,500 pa, t/a 1947 Indian Restaurant & Bar
Ground Floor: 635 Sq Ft (58.99 Sq M)
Basement Floor: 954 Sq Ft (88.63 Sq M)

40/42 Middlesex Street - Bife Ltd - 18 years from 01/12/2020 at £55,000 pa t/a Bife Argentinian Restaurant.
Ground Floor:1,464 Sq Ft (136.01 Sq M)
Basement Floor: 1,884 Sq Ft (175 Sq M)

44 Middlesex Street - Individual - - 15 year from 08/03/2022 at £27,500 pa t/a Rockerfella Barbers
Ground Floor: 737 Sq Ft (68.47 Sq M)
Basement Floor: 791 Sq Ft (73.49 Sq M)

38/44 Middlesex Street - First, Second, Third Floors (Not inspected) - 18 flats.
X17 - 124 years and 11month, from 25/12/1993 (94 years remaining) at £100 pa, per flat (£1,700pa)
x1 - 193 years and 10months, from 25/12/1993 (163 years remaining)

Note
Auction Surveyor : Rob Hills Contact :

Investment Surveyor : Joe Tallis-Chisnall Contact :

Total rental - £121,700 per annum