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Old Spitalfields Market, London

Shop to rent

£59.65 psf 2,347 sq ft

CBRE
Property type

Shop to rent

Full address
75-77 Commerical St, London E1 6AA – Tower Hamlets, London
Property owner
OSM Holdings
Rent
£59.65 psf
Available space range
There is 1 space available. This measures 2,347 sq ft.
Features
Bus line, Courtyard, Food court, Security system, Signage, Storage space
Contact name

Krsh Soneji - CBRE

All available space

Ground - Retail Available

2,347 sq ft, £140,000 per annum, available 30 days

Floor Ground
Address 75-77 Brushfield St, London, London, E1 6AA, GB
Size 2,347 sq ft
Available 30 days
Price £140,000 per annum
Business Rate £59,736
Use class A1 (Shops)
Buildout condition Excellent
  • Assignment of the existing lease which expires in october 2022..
  • The lease is contracted outside the security of tenure provisions of the 1954 landlord & tenant act (part ii) as amended.
  • There is an outstanding rent review from october 2017 – further details are available on request.
PDF #1 Marketing brochure/flyer Download
Service type Fully repairing and insuring
Term expires Oct 2022
Space type Assignment
Space use Retail
Buildout status Full buildout
Date on market Nov 2018

Property facts for Old Spitalfields Market, London

The property comprises a mixed-use building of masonry construction arranged over five floors providing retail accommodation on the basement and ground floors with a mix of office and residential accommodation on the upper floors. The property is part open air.

Old Spitalfields Market is on the edge of the City of London, situated a short walk from Liverpool Street, and Shoreditch mainline stations. Old Spitalfields Market has established itself as a popular tourist attraction with well-established Sunday market which links with Petticoat Lane, Columbia Road and Brick Lane markets. The market has grown into a well-known retail area and tourist destination. Furthermore, the quality restaurants by independent and recognised operators provide an exciting and thriving retail area. The market is within a stone's throw of major office developments along Broadgate, Devonshire Square and Bishopsgate.

On 5th February 2016, Old Spitalfields Market signed a lease for the market space at this property, defined as the central area, Horner Buildings and basement storage space at the rear of 7-11 Lamb Street. The lease commenced on 1st October 2015 and is to expire on 30th November 2025. A rent of £1,750,000 per annum was agreed, with a 2 month rent free period. The rent will escalate by £250,000 per annum on both the 1st and 2nd anniversary of the commencement date, with rent reviews taking place on 1st October 2018, and then every year henceforth.

Building subtype
Storefront retail office
Number of storeys
5
Rentable building area
126,749 sq ft
Year built
1886

This shop to rent is located in Tower Hamlets, London.

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