No longer on the market
This property is no longer on the market
Floorplan
MapRetail property (high street)
Retail property (high street)
998
Features and description
- 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
Description
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 ( )
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.
Viewings
By appointment with Stirling Ackroyd
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 ( )
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.
Viewings
By appointment with Stirling Ackroyd
Property information from this agent
About this agent
Having served our clients for over 30 years, during this time, we have adapted our service to always stay one step ahead. Since setting up shop on Rivington Street in 1986, we have watched and assisted our local communities to grow into the thriving and fashionable hubs you see today.