Defensive single-let income in a self-contained Shoreditch HQ, with future optionality built in.
Inviting offers in excess of£1.80m+8.50% NIY
Whole-building identity
A defensive, well-located Shoreditch investment offering contracted income from a single established occupier and genuine future optionality.
Arranged across ground and first floors, 1-3 Mundy Street is fitted as a ready-made headquarters, currently occupied by Hyphen architectural practice as their studio HQ for a further seven years.
Investment rationale
Hyphen is an international architectural practice delivering projects for clients worldwide across offices, retail, hospitality, logistics, residential and technology.
hyphen.archi ↗A well-located freehold office let to a single established occupier, delivering £155,958 per annum of contracted income for a further seven years, with active management optionality via a tenant break in October 2028.
The passing rent secured to Hyphen Archi Ltd reflects £66.00 per sq ft. Lease and covenant information are available in the data room.
A straightforward whole-building letting on full repairing and insuring terms, with no multi-let management or common-part complexity.
The tenant break is an active management trigger: engage early to re-gear, secure vacant possession and re-let, or unlock future owner-occupation optionality.
Local evidence from Mundy Street and Hoxton Square will support the rental assessment, with the detailed comparable schedule held in the data room.
Key lease terms
Break subject to the lease conditions, including payment of annual and insurance rent and vacant possession. The tenant benefits from an additional 10-month rent-free period if the break option is not exercised.
Defensive contracted income, a creditworthy single occupier and a tightly held Shoreditch location are combined with future occupational and asset-management optionality.
Hyphen Archi Ltd · Company no. 02763353
A live UK architectural practice incorporated in 1992 and wholly owned by The Hyphen Group Ltd. The latest covenant report records no CCJs, a due-diligence pass and a Delphi score of 100 out of 100.
Source: SmartSearch business report dated 29 September 2026; financial figures from filed accounts to 31 December 2025. Full covenant report and filed accounts are available in the data room.
The building was fully refurbished in 2022 and delivered to a Cat B fitted and furnished standard by the current ownership.
Ground + first
Accommodation arranged over two self-contained levels.
| Net internal area | sqm | sq ft |
|---|---|---|
| First level | 100.0 | 1,076 |
| Ground level | 119.7 | 1,288 |
| Total NIA | 219.7 | 2,365 |
| Gross internal area | sqm | sq ft |
|---|---|---|
| First level | 114.4 | 1,231 |
| Ground level | 137.6 | 1,481 |
| Total GIA | 252.0 | 2,713 |
Sterling Temple measured survey.
Implemented planning permission
The asset benefits from implemented planning permission for the erection of two additional floors above the existing roof level, infilling the existing void above the building to provide an estimated 2,342 sq ft (GIA) of additional floor area.
The current scheme was delivered under a non-material amendment to this permission (2023/0816), with works limited to the front entrance and internal reconfiguration.
Full information is contained in the data room.
Proposed
Existing
Just off Hoxton Square
Mundy Street puts the building between Shoreditch's creative core, Old Street's technology cluster and the City's eastern edge.
Open in Google Maps ↗
Subject to contract and exclusive of VAT. Assuming purchaser’s costs.
Controlled access
Legal, occupational, title, technical and covenant documents are available to approved parties.
Head of Capital Markets
+44 (0)7772 472 822nick@belcor.londonInvestment & Agency
+44 (0)7725 203 254dj@belcor.londonAn opportunity presented by
On behalf of
