Self-contained HQ office investment opportunityShoreditch N1

1–3Mundy Street

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

Front elevation of 1–3 Mundy Street in Shoreditch — 1–3 Mundy Street · Shoreditch N1

01 / Opportunity

Whole-building identity

Distinctive asset.HQ presence.

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.

2,365sq ft NIA

FreeholdTitle LN29038

£155,958passing rent pa

Single-letcreditworthy income

EPC BScore 46 · valid to 24 Nov 2032

View from Hoxton Square towards Mundy Street — View from Hoxton Square

Ground-floor breakout area overlooking Mundy Street — Ground-floor breakout

02 / Income

Investment rationale

Defensive income.Future optionality.

Tenant

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 with flexibility at the October 2028 lease event.

Contracted rent£155,958 pa

Income in place

The passing rent secured to Hyphen Archi Ltd reflects £66.00 per sq ft. Lease and covenant information are available in the data room.

Occupational profileSingle tenant

Clear management

A straightforward whole-building letting on full repairing and insuring terms, with no multi-let management or common-part complexity.

Tenant breakOct 2028

Active management

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.

Rental positionHoxton Square

Evidence-led ERV

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

Lease from: 27 Oct 2023
Contractual expiry: 26 Oct 2033
Rent review: 27 Oct 2028
Tenant break: 27 Oct 2028
Break notice: At least 6 months
Rent deposit: 6 months’ rent

Break subject to the lease conditions, including payment of annual and insurance rent and vacant possession.

The investment case

Defensive contracted income, a creditworthy single occupier and a tightly held Shoreditch location are combined with future occupational and asset-management optionality.

02A / Tenant covenant

Hyphen Archi Ltd · Company no. 02763353

Established occupier.
Very low risk.

A live UK architectural practice incorporated in 1992 and wholly owned by The Hyphen Group Ltd. The latest covenant report records no CCJs and a due-diligence pass.

Delphi100out of 100Very low risk

Credit limit£190,000

Credit rating£63,000

12-month failure odds176:1

Company age33 years

Total assets£5,149,898+23.78%

Working capital£2,263,378−9.37%

Shareholder funds£2,481,866+0.07%

Source: SmartSearch business report dated 8 September 2026; financial figures from accounts to 31 December 2024. Full covenant report available in the data room.

03 / The space

Ready-made
Shoreditch HQ.

The building was fully refurbished in 2022 and delivered to a Cat B fitted and furnished standard by the current ownership.

Ten-person ground-floor boardroom — 10-person boardroom

First-floor open-plan office with desks beside the windows — First-floor workspace

First-floor fitted kitchen and breakout table — Kitchen + breakout

Private terrace with outdoor seating — Private terrace

Ground-floor workspace with exposed services — Ground-floor workspace

Ground-floor kitchenette, lockers and entrance — Kitchenette + lockers

Self-containedLandlord Cat B includedAir conditioningOpenable windowsShowerSix cycle spacesPrivate terraceFibre connectivity

Ground + first

One building.
Two fitted floors.

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.

Floor plans

1 / 2

Redrawn ground-floor tenant fit-out plan showing entrance, cycle storage, kitchen, meeting room and partitions, with Mundy Street along the bottom — 00Ground floorTenant fit-out

Redrawn first-floor tenant fit-out plan showing open-plan desks, kitchen, breakout space and terrace, with Mundy Street along the bottom — 01First floorTenant fit-out

04 / Shoreditch

Just off Hoxton Square

Connected to
everything.

Mundy Street puts the building between Shoreditch's creative core, Old Street's technology cluster and the City's eastern edge.

6 minOld Street

10 minHoxton

10 minShoreditch High Street

Illustrated Shoreditch map showing 1–3 Mundy Street between Old Street and Shoreditch High Street

Open in Google Maps ↗

05 / The proposal

Inviting offers in excess of£1.80m+

Subject to contract and exclusive of VAT. Assuming purchaser’s costs.

Net initial yield: 8.50%
Capital value · NIA: £761 psf
Capital value · GIA: £663 psf
Tenure & title: Freehold · LN29038

Local authority: London Borough of Hackney
VAT: The Transaction is envisaged to be treated as a TOGC
Conservation area: South Shoreditch Conservation Area · purchaser to verify
SDLT: We anticipate SDLT to be payable upon a purchase of the Asset
Professional costs: Each party to bear its own costs
Corporate purchase: Acquisition of the UK SPV may be considered, subject to agreement

06 / Next move

Controlled access

Due diligence.
Ready.

Legal, occupational, title, technical and covenant documents are available to approved parties.

PrivateVirtual data roomRequest access to the data room.

07 / Next steps

Speak to
the team.

Nick Kelliher

Head of Capital Markets

+44 (0)7772 472 822 nick@belcor.london

Daniel Jackson

Investment & Agency

07725 203 254 dj@belcor.london

An opportunity presented by

On behalf of

1–3Mundy Street

Distinctive asset.HQ presence.