Acuitus · 29 Oct 2026 · in 10 days
Well Located Furniture Showroom Investment
261 City Road, London, EC1V 1AH · London
LiveRetailLeaseholdLet
- Guide
- £750,000
- Rent a year
- £74,500
- Yield on the guide
- 9.9%
- Payback
- 10 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
- Size
- 1,289 sq ft£57.80 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
Acuitus hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
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Create an accountHistory
- First listed on Cornerlot 13 Oct 2026.
Acuitus' record
Acuitus' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Leasehold retail lot in London. Producing £74,500 a year, a 9.9% gross yield at the guide.
Well Located Furniture Showroom Investment. Modern ground floor commercial unit. Let to a furniture showroom until October 2038 (no breaks). Forming part of The Lexicon mixed-use development. Floor area of approx. 119.80 sq m (1,289 sq ft). 5 yearly Rent Reviews. Prime City Road location in central London, close to Old Street, the Barbican and the City of London. 600 metres from Angel & Old Street Underground stations. Nearby occupiers include Co-op, McDonald’s and Simply Fresh. The property comprises a ground floor commercial unit currently used as a furniture showroom, forming part of a larger prestigious mixed-use development. The property is located on City Road, equidistant between Angel and Old Street, within an established mixed-use area benefiting from significant residential and commercial development. The property occupies a position adjacent to City Road Basin within the Lexicon, a prestigious modern mixed-use development boasting 300 apartments, close to the Old Street technology and business district. Angel and Old Street Underground stations are both within walking distance. Nearby occupiers include Co-op, McDonald’s and Simply Fresh. Tenure: Long Leasehold. Held for a term of 150 years less 10 days from 14/06/2001 at a peppercorn ground rent. Rent: £74,500 per Annum Exclusive
Figures come from Acuitus' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.