Freehold Mixed-Use Investment Opportunity With Development Potential
For Sale
Summary
- Prime freehold mixed-use investment in the heart of a north London suburb.
- Comprising a large retail unit and four self-contained flats over lower ground, ground and two upper floors extending to 11,220 sqft (residential 2,785 sqft, commercial 8,435 sqft).
- Excellent transport links being just 500m from Stoke Newington Station.
- The retail element is let to the undoubted covenant Sports Direct Ltd with 4.5 years unexpired at a rent of £128,000pa.
- The residential element comprises 2x 1-bed, 1x 2-bed, and 1x 3-bed flats, producing £103,199pa.
- Large communal roof terrace with development potential (subject to planning).
- The building is fully let, producing an income of £231,199 pa.
- Offers are invited in the region of £3,850,000 reflecting a low capital value of £343 per sqft.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Unit - Flat 1 | 594 | 55.18 |
| Unit - Flat 2 | 420 | 39.02 |
| Unit - Flat 3 | 882 | 81.94 |
| Unit - Flat 4 | 893 | 82.96 |
| Ground | 4,285 | 398.09 |
| Lower Ground | 4,150 | 385.55 |
| Total | 11,224 | 1,042.74 |
Location
Stoke Newington is a well-established and increasingly popular residential and commercial location, located north-east of Central London.
The property occupies a prime position on Stoke Newington High Street, a well-connected route linking the City with the North Circular and M25. A 6-minute walk from Stoke Newington Overground Station, providing direct access to Liverpool Street.
Nearby occupiers include Costa Coffee, Whole Foods, Franco Manca, Halifax, NatWest and the adjacent Post Office.
Get directions from Google Maps
Mainline Stations
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Stoke Newington5 mins
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Rectory Road6 mins
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Clapton14 mins
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Dalston Kingsland18 mins
Underground Station
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Stoke Newington5 mins
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Rectory Road5 mins
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Clapton13 mins
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Dalston Kingsland17 mins
Further Information
Price £3,850,000 Offers are invited in the region of £3,850,000 (subject to contract)d for the freeh are inviteold interest, reflecting a low capital value of £343 per sq ft.
Rates Payable Upon Enquiry
Description
This attractive period property comprises basement, ground, and two upper floors, extending to approximately 11,224 sq ft (NIA). The building includes ground and lower ground commercial space, currently let to Sports Direct Ltd with approximately 4.5 years unexpired, with four self-contained residential flats all let on ASTs.
The entire property is fully income-producing, generating a total rent of £231,199 pa.
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