11 Eastcheap City of London, London, EC3M
£1,350,000
Commercial Property For Sale
Opportunity to purchase a Ground floor commercial unit with considerable footfall in Zone 1.
The ground floor and basement commercial unit is situated within walking distance from Monument Station and is surrounded by various offices and retail businesses. The unit comprises of a basement and ground floor which measures approximately 799 sqft in size. The current tenants have been renting the premises since April 2012 on a 20 year lease with rent reviews every 5 years. They are currently paying £73,000 per annum with 11 years remaining and a rent review is due to take place on 21st April 2022.
The property benefits from a virtual freehold of 999 years from the 13th January 1997. The property is being sold based on a 5.4 % yield and is likely to appeal to Investors regionally and internationally due to its desirable location.
Offers are encouraged in the excess of £1,350,000 and viewings are strictly by appointment only.
For more information on this opportunity, please contact Latif Acisu at latif@cityandcounties.com or call us on 020 8106 8666.
Tenure: Freehold
Brochure
No EPC available for this property
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