Investment / Office / Retail For Sale

32 Chatsworth Road

London, E5 0LP

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32 Chatsworth Road, London, Investment / Office / Retail For Sale - Street View

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Investment / Office / Retail For Sale

32 Chatsworth Road

London, E5 0LP

Long Leasehold retail investment

Summary

Long Leasehold retail investment

Property Type	Investment / Office / Retail
Tenure	For Sale
Size	998 sq ft
Price	£500,000
Rates Payable	£8,483 per annum
Service Charge	£832 per annum
EPC Rating	This property has been graded as E (108)

Total ground floor space - 998 square feet
Established and desirable residential and commercial location in Hackney
Popular mixed and diverse retail parade
£500,000 Long Leasehold sale - 999 years from 29th September 2005
6.6 per cent gross yield before costs - based upon a current rental income of £33,000 per annum
Current tenant : Keatons Estate Agents
Rent review outstanding - due October 2024
Close to Homerton London Overground Station

About

This is an ideal opportunity to secure a long leasehold investment in one of the most desirable commercial and residential locations in Hackney.

The existing lease is £33,000 per annum exclusive, the current 15-year lease expires October 2030, with no rent deposit, no landlord or tenant break options, 3-year rent reviews (the current rent review, due October 2024, is outstanding and due for negotiation). The service charge and business rates (currently £8,483) are paid by the tenant. The annual ground rent of £400 per annum is payable by the long leaseholder. The sale is not subject to VAT.

The current tenant is Keatons Estate Agents Ltd ( https://www.keatons.com )

Accommodation

Name	sq ft	sq m	Availability
Ground	998	92.72	Available
Total	998	92.72

Location

32 Chatsworth Road is located in a highly desirable and diverse area. A range of local boutique shops trade in this popular location and a Co-Op supermarket is located in close proximity.

Chatsworth Road connects to Lea Bridge Road (A106) and Homerton High Street (B112). Homerton London Overground Station is within ten minutes' walk.

Get directions from Google Maps