Summary
| Property Type | High Street Retail |
| Tenure | For Sale |
| Size | 1,258 sq ft |
| Price | £525,000 Guide Price |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as E (106) |
- Large, period corner plot.
- Well-fitted Ground & Basement unit.
- Attractive initial yield of 6.67%.
- 999-year lease from October 2022.
- 12-years unexpired with current tenant.
- Subject to the occupying tenancy.
About
This is a rare opportunity to acquire a truly ‘sleep-easy’ investment on a prime corner plot on the Lower Clapton Road. The property is offered with a clean 996-year unexpired term with a peppercorn ground rent.
The current tenant has carried out a significant fit-out to create a clean and well-presented eating area and outstanding cooking area to the rear of the ground floor. The lower ground floor is used by the current tenants as ancillary office space and storage.
Term Length: 15-years from 20th September 2022.
Headline Rent: £35,000 per annum.
Rent Reviews: 20th September 2027 & 20th September 2032.
The lease is contracted outside of Sections 24-28 of the Landlord & Tenant Act 1954.
Location
The property is located on the corner between Downs Road & Lower Clapton Road directly opposite Clapton Pond, this area is home to an abundance of local businesses alongside a selection of household names.
187 Lower Clapton Road is located on perhaps one of the most prominent plots on this parade therefore providing one of the most highly desirable locations for local businesses. Local transport links include Clapton, Hackney Downs & Hackney Central stations providing both Overground and National Rail services.
The property benefits from PTAL Ratings of 5.
Mainline Stations
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Clapton7 mins
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Rectory Road10 mins
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Hackney Downs11 mins
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Hackney Central13 mins
Underground Station
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Clapton7 mins
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Rectory Road11 mins
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Hackney Downs11 mins
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Hackney Central13 mins
Further Information
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Terms
‘Guide Price’: £525,000.
Rateable Value: £17,750.
EPC: E (106).
Possession: Subject to the occupying tenancy.
Legal Costs: Each party is to bear their own legal costs.
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