Old Spitalfields Market, London
Shop to rent
£59.65 psf 2,347 sq ft
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.
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