Summary - SPACE 35, CREMER BUSINESS CENTRE, 37, CREMER STREET E2 8HD
1 bed 1 bath Retail Property (high street)
Large shell-and-core retail showroom opposite Hoxton Overground — attractive yield, requires fit-out..
- Super-visible glazed frontage directly opposite Hoxton Overground station
- Large open-plan space across ground and lower-ground (c.1536 sq ft)
- Offered in shell-and-core; services connected and capped
- Attractive capital value at £325 per sq ft
- Estimated rent £39,500pa; c.7.3% net initial yield
- 999-year lease; freehold to transfer after residential sales
- Requires tenant fit-out and refurbishment before trading
- Local area records higher crime and pockets of deprivation
Space 35 at Cremer Business Centre is a newly constructed, high-visibility retail showroom directly opposite Hoxton Overground. The unit extends to c.1536 sq ft across ground and lower-ground levels, with expansive glazed frontage and high ceilings that create a striking, flexible open-plan sales or showroom environment.
Offered in shell-and-core with services connected and capped, the space is highly customisable for a boutique retailer, showroom operator or investor looking to relet. The price equates to an attractive £325 per sq ft and the agent-estimated rental of £39,500pa implies a net initial yield of c.7.3% (net of purchase costs). The sale includes a new 999-year lease and a warranty; freehold transfer is planned once upper-floor residential units are sold.
Buyers should note key considerations: the unit requires internal fit-out and tenant-specific works (shell and core condition), and the immediate area records higher crime levels and pockets of deprivation. These factors affect fit-out costs, tenant selection and insurance premiums. However, exceptional transport links, continuous footfall from Hoxton Overground and proximity to busy neighbourhood amenities support strong retail demand and long-term upside following improvement in the local market.
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