Summary

Property Type Leisure
Tenure For Sale
Size 910 sq ft
Price Offers in the region of £650,000
Rates Payable £21,332.25 per annum
EPC Rating This property has been graded as C
  • Fuly Fitted Kitchen with Extraction System
  • Excellent City Fringe Location
  • Excellent Transport Links
  • Alcohol License
  • Large Shopfront
  • WC Facility
  • Storage Facility
  • Wooden Flooring
  • Grade II Listed
  • Long-Term Tenant

About

The available accommodation is a self-contained freehold retail investment located in a Grade II listed mixed-use building. It boasts an excellent City Fringe location with superb transport links, thanks to its close proximity to Liverpool Street Station and Aldgate East Station. The property includes an alcohol license, a fully fitted kitchen with an extraction system, a storage facility in the basement, and WC facilities. The asset is tenanted for a further 14 years by a restaurateur operating a Tuscan restaurant and wine bar, who has been in business for over 20 years. The current passing rent is £39,000 per annum. A purchase at the asking price of £650,000 will reflect a gross yield of 6%.

8 Artillery Passage, London, Leisure For Sale - Artillery Psg 8  Low Res 1.jpg

Accommodation

Namesq ftsq mAvailability
Unit - GF & Basement 910 84.54 Available
Total91084.54

Location

The property is located on the North side of Artillery Passage in close proximity to Artillery Lane junction. Situated only few minutes from Bishopsgate and Spitalfields Market, local office occupiers include Allen and Overy, Royal Bank of Scotland and Societe and Generale. Liverpool Street Station is within a short walk, as are the numerous bus services to the City and Shoreditch, which run along Bishopsgate.

Get directions from Google Maps

8 Artillery Passage - Artillery Psg 8  Low Res 2.jpg

Further Information

  • Viewings

    Strictly by appointment only

  • Terms

    Freehold

  • VAT

    Not Applicable

  • Yield

    Gross Yield: 6%

  • Tenancy Details

    Name of the Business: Enoteca Super Tuscan
    Business Type: Restaurant & Wine Bar
    Passing Rent: £39,000 per annum
    Lease length: 35 year lease from 23rd May 2003 (14 years unexpired)

  • Ground Rent

    Peppercorn