No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£825,000 | 1,047 sq ft
Added > 14 days

Retail property (high street) for sale

Unit 2 Lexington Building, 40 City Road, London, EC1Y 2AN
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Retail property (high street)
0 bed
0 bath
1,047 sq ft / 97 sq m

Property description & features

  • Tenure: Freehold
  • Ground floor area 1,047 square feet
  • Close to Old Street Station
  • 250 Year long Leasehold
  • Edge of City location good level of commuter footfall
  • Sale price: £825,000
  • Ideal for a range of retail/office occupiers
  • Benefits from a double fully glazed frontage
  • Ideal for an owner/occupier or commercial investor
Description
Unit 2 - 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 on the ground floor and benefits from a double fully glazed frontage. The unit has an open-plan layout and is ready for fit-out.

Sale price of £825,000 on the basis of a 250 long Leasehold basis. 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 5-10 minutes' walk.

Viewings
By appointment with Stirling Ackroyd

Property information from this agent

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    Property reference 232774-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stirling Ackroyd - Commercial.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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