38 Spital Square, Spitalfields, London, E1 6DY
Freehold Commercial Investment for Sale
Key features
- A converted Victorian warehouse in retail and office use
- Excellent transport links with close proximity to Liverpool Street Station & future Crossrail
- Retail unit let to AGA Rangemaster, with separate office leases on 1st & 2nd floors. 3rd floor currently vacant
- Attractive corner building in Spitalfields facing Bishopsgate
- Total internal floor area 2,863 sq ft
- Rents reserved of £144,081.50 pax (including rental cover for 12 months on the 3rd floor)
Description
This four storey plus basement former Victorian warehouse building provides a self contained ground floor and basement
shop unit with separate office floors over the 1st to 3rd floors. The shop unit has a strong retail frontage to Spital Square, with a further secondary glazed entrance from the Spital Yard elevation making it potentially suitable for a number of alternative uses.
The ground floor offers a good regular shaped retail area, with the basement partitioned to provide a fitted kitchen, WC/shower room and office/store rooms. The retail unit can also be easily linked to the office entrance and stair core. The office upper floors are accessed via a separate communal entrance from the Spital Square frontage which leads to a broad open staircase linking all floors. The office floors are fitted in largely open plan format with partitioned meetings rooms, fitted kitchenettes, excellent natural light provided by windows on three sides, plastered ceilings and with independent heating and cooling units. The 3rd floor in particular has high ceilings and a small private external terrace. WCs are positioned on the common part landings.
The property is located on the south side of Spital Square on the corner with Spital Yard, facing and with good visibility from Bishopsgate. The amenities and open space of Spitalfields Market are in the immediate area providing one of the most vibrant and dynamic locations in Central London.
Spital Square is a gateway from the large office occupiers in Broadgate and Bishopsgate to the cosmopolitan and village
atmosphere of Spitalfields, with its independent retailers, restaurants and mixed uses.
The property is within five minutes’ walk of Liverpool Street Station with its mainline, underground and Crossrail connections.
There is a diverse range of occupiers across financial professional, technology, creative and media sectors.
Significant occupiers include Amazon, UBS, Bacardi, Mimecast, Alliance GI, and Janus Henderson. Major developments in the surrounding area include The Fruit and Wool Exchange (Ashursts), 10 Bishops Square (Allen &
Overy, Improbable, and Akin Group) and 280 Bishopsgate (Baker McKenzie).
New developments in the immediate vicinity include: Duo 26 Bishopsgate-270,000 sq ft, Liberty Place Norton Forgate 63,000 sq ft, and Blossom Street Estate – 350,000 sq.ft.
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