Summary - 340 OLD STREET LONDON EC1V 9DS
4 bed 1 bath Commercial Property
Income-producing retail plus vacant four-bed flat with refurbishment upside.
Freehold four-storey corner building, 1,206 sq ft total
A freehold four-storey corner building in the heart of Shoreditch, offered at public auction on 11th September at 12:00. The ground-floor retail unit is let to Huckle Limited (t/a Barbers) at £50,000 per annum (15-year term from 1 July 2017), providing immediate income while the upper floors comprise a vacant four-bedroom flat arranged over first to third floors.
The property totals approximately 1,206 sq ft (112 sq m) and combines period brick facades, high ceilings and large rooms with mixed-use potential — attractive to investors seeking central rental yield and to owner-occupiers considering live/work conversion. It sits 300m from Old Street station and 500m from Shoreditch High Street, with excellent mobile signal and fast broadband, supporting retail and residential demand.
Buyers should note material considerations: the residential EPC is rated E and the retail unit D; the area records very high crime levels; the sale proceeds via public auction and the lot is marked as a public notice/repossession. The flat is currently vacant and may require refurbishment to reach market rental levels or to improve energy performance. There is stated further rental potential but any refurbishment costs, compliance work and commercial tenant obligations should be factored into purchase plans.
This lot suits investors seeking a central Shoreditch freehold with an income-producing retail asset plus immediate upside from the vacant upper floors. It will also interest developers or owner-occupiers prepared to refurbish and re-let or convert, mindful of local urban conditions and auction sale terms.
Commercial property for sale in 340 Old Street, London, EC1V 9DS, EC1V — POA • 1 bed • 1 bath • 2112 ft²
4 bedroom terraced house for sale in 12 New Road, London, Tower Hamlets, E1 2AX, E1 — £915,000 • 4 bed • 1 bath • 1606 ft²
Office for sale in 7 Bath Place, London, EC2A 3DR, EC2A — £2,000,000 • 1 bed • 1 bath • 3454 ft²
High street retail property for sale in 32 Charlotte Road, Shoreditch, EC2A 3PB, EC2A — £1,695,000 • 1 bed • 1 bath • 2000 ft²
3 bedroom maisonette for sale in 193-195 City Road, EC1V — £3,800,000 • 3 bed • 2 bath • 5253 ft²
Office for sale in 193-195 City Road, EC1V — £3,800,000 • 1 bed • 1 bath • 5253 ft²
