48-50 Redchurch Street, Shoreditch, London E2

  • Freehold.

  • Prominent position on Redchurch Street, the premier retail pitch in Shoreditch, one of London’s most vibrant and fashionable sub-markets.

  • Attractive mixed-use building providing 5,603 sq ft (520.5 sq m) of retail (Class E) and three residential units, arranged over lower ground, ground and four upper floors.

  • Excellent connectivity with three stations being within a 12-minute walk including the recently opened Elizabeth line at Liverpool Street Station.

  • The three residential units have recently been comprehensively refurbished to a high specification.

  • Total passing rent of £297,740 per annum (56% from three residential tenants and 44% from AS Colour).

  • Strong retail covenant in AS Colour UK Ltd (guaranteed by AS Colour Holdings Ltd) secure for a further 6.5 years.

  • The tenant has recently agreed to remove its 2024 break option, demonstrating its commitment to the store.

  • Unprecedented demand for residential apartments across London with new rental benchmarks being achieved.

  • There is potential to add value through sub-division of the c.1,400 sq ft apartments to create smaller higher value units.

Offers are invited for the freehold interest.