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38-40 Ludgate Hl 3,222 sq ft Retail Unit Offered at £1,665,000 in London EC4M 7DE
Investment Highlights
- Located in the Heart of Central London, just 100 meters from St Pauls Cathedral
- The City of London is home to over 700,000 office workers
- Ludgate Hill is a historic and high footfall tourist street
Executive Summary
The property is situated in a prominent location on the north side of Ludgate Hill and is 100 metres from St. Paul’s Cathedral. Ludgate Hill is a historic thoroughfare located in the City of London. The property consists of two well configured retail units over ground and basement.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 6.50% |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Tenure | Long Leasehold |
Description
Well configured retail unit with 3,222 sq ft across ground and basement
Sale Notes
Let to Apple Tree Gifts Ltd on a 10 year lease expiring 05/09/2034 at a current passing rent of £115,000 p.a.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 38-40 | 3,222 sq ft | Retail | £1,665,000 (£516.76/sq ft) | £108,225 |
Unit 38-40
| Unit Size |
| 3,222 sq ft |
| Unit Use |
| Retail |
| Price |
| £1,665,000 (£516.76/sq ft) |
| NOI |
| £108,225 |
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Unit 38-40
| Unit Size | 3,222 sq ft |
| Unit Use | Retail |
| Price | £1,665,000 (£516.76/sq ft) |
| NOI | £108,225 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Tenure | Long Leasehold |
| Description | |
| Well configured retail unit with 3,222 sq ft across ground and basement</li></ul> | |
| Sale Notes | |
| Let to Apple Tree Gifts Ltd on a 10 year lease expiring 05/09/2034 at a current passing rent of £115,000 p.a.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 9,345 sq ft | Floors | 1 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,611 sq ft |
| Property Subtype | Shopfront | Year Built | 1963 |
| Costar Property Class | B | Total Plot Size | 0.70 ac |
| Total Property Size | 9,345 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 1,611 sq ft |
| Year Built | 1963 |
| Total Plot Size | 0.70 ac |
Amenities
- Bus Route
- Commuter Rail
- Public Transport
- Security System
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
38-40 Ludgate Hl
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