Spitalfields mixed portfolio hits market

By Paul Norman - Monday, April 16, 2018 10:57

A private investor has brought to market a portfolio of freehold mixed-use investment properties in Spitalfields, east London for £23m, reflecting a net initial yield of 4.75%.

The investor has instructed Belchak Corin & Co and Lewis & Partners to market the properties which are located in Commercial Street and Wentworth Street comprising retail or restaurant uses at ground and lower ground floor levels with residential apartments above.

It is understood that the rental income is approximately £1.17m and the asking price for the portfolio of circa equates to £989 per sq ft.

pnorman@costar.co.uk

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