Summary - 46, Crispin Street, LONDON E1 6HQ
1 bed 1 bath Commercial Property
Rare central London asset with immediate income and uplift potential.
- Freehold mixed-use building opposite Old Spitalfields Market
- Total area circa 1,588 sq ft (GIA)
- Ground-floor & basement E-Class commercial unit available
- Two residential units above: studio available, 1-bed maisonette let
- Total expected income £96,600 pa; GIY quoted 6.9%
- Opportunity to reapply for separate shopfront access
- Very high local crime rate; affects security and insurance costs
- Very slow broadband; no private outdoor space (very small plot)
A rare freehold in the heart of Spitalfields, directly opposite Old Spitalfields Market, offering immediate commercial frontage and strong pedestrian footfall. The building comprises a ground-floor and basement E-Class commercial unit plus two residential units above (studio and one-bedroom maisonette), totalling approximately 1,588 sq ft GIA.
The property is already producing income: the 2nd–3rd floor maisonette is let (income £30,600 pa to Feb 2027) and the ground, first-floor and basement units are available with expected combined income of around £66,000 pa, giving a total expected income of £96,600 and a quoted GIY of 6.9%. Excellent public-transport links and the nearby tech/media office cluster support lettability and strong demand for both retail and private rental units.
Important practical points: the plot is very small with no private outdoor space, broadband speeds are reported very slow, and the neighbourhood has a very high crime rate — factors which will affect some occupiers and operational arrangements. There is scope to reapply for planning to create two separate entrances, which could improve rental segmentation and yield, but consent is not in place.
This is a character-rich, period building with high ceilings and urban warehouse character suitable for an investor or small portfolio buyer prepared to manage a central London mixed-use asset. It suits purchasers looking for immediate income with short-term uplift potential through layout changes and active asset management, but who will factor in refurb costs, operational risk and remediation of connectivity and security issues.
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