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59-67 Mile End Rd

3,830 SF 100% Leased Retail Building London E1 4TT $8,356,650 ($2,182/SF) 2.01% Cap Rate

Investment Highlights

  • Heavy daytime footfall
  • Prominent east London location within close proximity of Whitechapel Station
  • Situated within walking distance of Queen Mary University of London, and the Royal London Hospital

Executive Summary

The property comprises two interconnecting buildings. 59-65 Mile End Road is a post-war built block arranged over basement, ground and three upper floors. 67 Mile End Road is an attractive Victorian building arranged over basement, ground and three upper floors that occupies a prominent corner position. To the rear of the property is a large secure car park.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
3,830 SF
Building Class
B
Year Built
1975
Price
$8,356,650
Price Per SF
$2,182
Cap Rate
2.01%
NOI
$168,371
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
0.49
Lot Size
0.18 AC
Frontage
140 FT on Edward Passage Road

Amenities

  • Signage
  • Automatic Blinds
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

The Gym
ASDA
German Doner Kebab
Costa Coffee
Barclays
Sainsbury's
National Westminster Bank plc
Nando's
COFFEE REPUBLIC
Co-Operative Food
  • Listing ID: 33849492

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 59-67 Mile End Rd, London E1 4TT

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