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Retail property (high street) for sale

Unit 3 Lexington Building, 40 City Road, London, EC1Y 2AN
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Retail property (high street)
1,991 sq ft / 185 sq m
Added > 14 days

Features and description

  • Tenure: Freehold
  • Ground floor - 1,453 square foot
  • 250 year long Leasehold sale
  • £1,050,000
  • Ideal for an owner occupier/range of retail/office/showroom occupiers
  • Lower ground floor - 538 square foot
  • High commuter footfall - close to Old Street Station
  • Prominent fully glazed frontage
  • Commercial Investment opportunity

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Description
Unit 3 - Lexington Building.
The Lexington Building is a modern mixed-use development comprising a mix of residential flats and three commercial units. The unit is located just south of Old Street Station which is undergoing significant redevelopment. A number of new mixed-use commercial and residential developments are in close proximity and this section of City Road also benefits from high commuter footfall. The unit is located opposite Pret A Manger and close to a Sainsbury Metro store.

The unit is divided over ground floor and basement with a prominent fully glazed frontage. The ground floor comprises 1,453 square feet and the basement measures 538 square feet, which means a total of 1,991 square feet of space. This is an ideal City retail/office/showroom opportunity for owner occupiers and commercial investors.

Sale price - £1,050,000 on the basis of a 250 long Leasehold. Service charge and business rates TBC.

Location
This is an ideal opportunity to secure a commercial unit in a developing edge of City location. The unit is located on City Road (A501), just south of Leonard Street and Old Street Station. Shoreditch, Hoxton, Finsbury Square and Moorgate are all within approximately a 5-10 minutes' walk.

Viewings
By appointment with Stirling Ackroyd

Property information from this agent

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About this agent

Stirling Ackroyd - Commercial
Stirling Ackroyd - Commercial
40 Great Eastern St Shoreditch EC2A 3EP
020 4559 0046
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Having served our clients for over 30 years, during this time, we have adapted our service to always stay one step ahead. Since setting up shop on Rivington Street in 1986, we have watched and assisted our local communities to grow into the thriving and fashionable hubs you see today.
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