Office for sale
Property description & features
- Tenure: Freehold
- Mixed Use Building
- Freehold Available
- Investment Sale
- Fully Let to 3 Tenants
- Producing £92,600 Per Annum
- £1,725,000 Asking Price
The flats have recently undergone an extensive refurbishment which are finished to an impeccable standard throughout. The tenant of the commercial space, Hidden Planet Studio, will be conducting their own fit out which will be used for retail purposes selling plants, illustrations, books, and stationery. The property is fully let to 3 separate tenants and provides an annual income of £92,600 per annum.
Chatsworth Road is a thriving street in an area which has seen significant regeneration over the last decade. It is home to numerous new artisan and independent shops which complement the traditional traders, several bars and restaurants and a popular Sunday market. The unit is toward the southern end of the street, close to Homerton hospital and less than half a mile from Homerton Overground station.
The freehold is available to purchase on an unconditional basis, subject to an asking price of £1,725,000. All other terms and conditions by negotiation.
The commercial unit is let to, Hidden Planet Studio Ltd, on a 10 year lease outside the Landlord & Tenant Act 1954, which commenced September 2022 at a rent of £35,000 per annum. A mutual break clause and rent review are agreed on the 5th year. Both flats are let on 12 months AST's starting November 2022. The rent for the 1 bed apartment is £25,800 pa, and £31,800 pa for the 2 bed apartment.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 130280-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fyfe Mcdade - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 28, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.