Summary
| Property Type | High Street Retail |
| Tenure | For Sale |
| Size | 1,142 sq ft |
| Price | £750,000 Guide Price |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as C (53) |
- Passing Rent of £48,700 per annum.
- Outstanding E2 location.
- Two well-appointed Studio Flats (Use Class C3).
- Long Term commercial tenants in occupation.
- Competitive Initial Yield of 6.5%.
- Subject to the occupying tenancies.
About
A rare opportunity to acquire an unbroken freehold on the arterial Hackney Road. The subject property is fully let providing a strong and stable income in this diverse and ever-developing area of London. In recent years there has been significant investment into the immediate vicinity with investors seeing this area as one of the future hubs of London that has not yet realized its full potential.
The commercial element of the property is currently trading as a Chinese Takeaway Restaurant with extraction in place at the rear of the premises served the well-equipped commercial kitchen. To the front is a small waiting area and service bar. The residential element is accessed through a separate entrance to the front of the property with a staircase being shared by each of the Studio flats above.
Location
This building occupies an exceptional mid-terrace position within a five-minute walk of Hoxton Station and ten-minutes from Shoreditch High Street thus boasting outstanding transport links and a high footfall within the immediate vicinity. The area has become increasingly popular in recent years given its proximity to The City, The East & West End and the thriving local community.
The property is extremely well connected being within moments of both Hoxton & Shoreditch High Street, each of which are well served by Overground facilities to all corners of London. In addition to this there are numerous bus routes leading directly through towards Liverpool Street & The City.
The property enjoys PTAL ratings of 6b.
Mainline Stations
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Hoxton5 mins
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Shoreditch High Street6 mins
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Old Street10 mins
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Liverpool Street14 mins
Underground Station
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Hoxton5 mins
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Shoreditch High Street6 mins
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Old Street9 mins
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Liverpool Street14 mins
Downloads
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Further Information
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Terms
Guide Price: £750,000.
Rateable Value: £10,000.
EPC RATING: C (53).
Use Class: Use Class E & C3.
Local Authority: The London Borough of Hackney.
Possession: Subject to the occupying tenancies.
VAT Status: To be confirmed.
Legal Costs: Each party is to bear their own legal costs.
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