Summary

Property Type Retail
Tenure For Sale
Size 1,404 sq ft
Price Offers in the region of £520,000
Rates Payable Upon Enquiry
Service Charge n/a
  • Good Footfall
  • Great Transportation Links
  • Good Natural Light
  • Close Proximity to London Fields
  • Long Leasehold - 999 Year Lease

About

The available asset is a self-contained retail premises spanning the ground floor and basement levels of a mixed-use building in the vibrant London Fields area. The property benefits from good natural light, strong transport connectivity, and high footfall, making it an attractive location for businesses. The lease for the property has recently been renewed with an established nail salon operator who has been a tenant for over a decade. The new lease term extends for a further 15 years and is outside the Landlord and Tenant Act 1954. The property secures a passing rent of £30,000 per annum.

237 Mare Street, London, Retail For Sale - Mare St 237  Low Res 3.jpg

Accommodation

Namesq ftsq m
Unit - GF & Basement 1,404 130.44

Location

The property is situated in a prominent position of Mare Street, benefiting from excellent transport links. London Fields Overground station is a short two-hundred-meter walk away, offering regular 10-minute journeys to Liverpool Street. Additionally, Hackney Central Overground Station is within walking distance, granting easy access to various London Underground Stations. Notably, Highbury & Islington is a quick 7-minute train ride West from Hackney Central, while Stratford lies just 13 minutes to the East.

Get directions from Google Maps

Further Information

  • Viewings

    Strictly by appointment only.

  • Terms

    Long Leasehold - 999 Year Lease (aka. Virtual Freehold)

  • VAT

    Not Applicable

  • Tenancy Details

    Nature of the business: Established Nail and Beauty Operator
    Lease: 15 Year Lease Outside the Act 1954 - Renewal
    Passing Rent: £30,000 per annum

  • Ground Rent

    Peppercorn