Central London Freehold Retail and Residential Investment
Popular café with two flats above both let on AST's
Cafe let on a 25 year lease until August 2035 t/a Coffee Matters
100 metres from Brick Lane
Busy location close to Shoreditch High Street Station and BOXPARK Shoreditch
Potential to add a further floor (subject to consents)
Lot 7
Auction 15th May 2025
Rent £59,820 per Annum Exclusive
Status Available
Guide* £900,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.75 miles north of the City of London
Roads
A11, A10
Rail
Shoreditch High Street (London Overground), Bethnal Green (Central/Overground)
Air
London Heathrow Airport, London City Airport
Situation
The property is situated on the north side of Bethnal Green Road, close to its junction with the world famous Brick Lane and some 400 metres from Shoreditch High Street Station and BOXPARK Shoreditch. The immediate vicinity provides an eclectic mix of cafes, restaurants, bars and shops with few vacancies in the vicinity.
Tenure
Freehold.
Location
Miles
0.75 miles north of the City of London
Roads
A11, A10
Rail
Shoreditch High Street (London Overground), Bethnal Green (Central/Overground)
Air
London Heathrow Airport, London City Airport
Situation
The property is situated on the north side of Bethnal Green Road, close to its junction with the world famous Brick Lane and some 400 metres from Shoreditch High Street Station and BOXPARK Shoreditch. The immediate vicinity provides an eclectic mix of cafes, restaurants, bars and shops with few vacancies in the vicinity.
Tenure
Freehold.
Description
The property comprises a ground floor café with basement, together with 2 x 1 bed flats on the first and second floors. The residential accommodation benefits from separate self-contained access from Bethnal Green Road. The property may have potential to add an additional floor subject to necessary consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor café with basement, together with 2 x 1 bed flats on the first and second floors. The residential accommodation benefits from separate self-contained access from Bethnal Green Road. The property may have potential to add an additional floor subject to necessary consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement
Retail Ancillary
55.51 29.00
(597) (312)
COFFEE SOCIAL LIMITED t/a Coffee Matters
25 years from 17/08/2010 until 16/08/2035
£29,500
17/08/2025 17/08/2030
First
1 bed flat
32.98
(355)
INDIVIDUAL
12 months AST from 15/12/2020 (Holding Over)
£13,520.04
Second
1 bed flat
41.99
(452)
INDIVIDUAL
12 month AST from 23/05/2024
£16,800
Total
159.48
(1,716)
£59,820.04
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
