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No longer on the market

This property is no longer on the market

Mixed Use Property For Sale
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EPC

Property

Chain-free
Property
861
EPC rating: C
Added > 14 days

Features and description

  • Ground floor commercial
  • Basement flat with garden
  • Freehold for whole building
  • Does not include leasehold for upper 2 flats
  • Great location
  • 6.5% yield
  • Chain free
  • Potential to add value

FREEHOLD FOR WHOLE BUILDING | GROUND FLOOR COMMERICAL UNIT | BASEMENT RESIDENTIAL APARTMENT WITH LARGE GARDEN | DOES NOT INCLUDE THE LEASEHOLD OF UPPER TWO FLATS | POTENTIAL TO REFURBISH AND REMODEL (STPP) | PRIME HACKNEY LOCATION | CURRENT YIELD OF OVER 6.5% …


GUIDE PRICE £850,000 - £870,000...

For sale is ground floor commercial unit, lower ground floor residential apartment and the freehold for the building. This sale does not include the leasehold ownership for the upper two floors.

 

The commercial on the ground floor has an A3 license. It is currently let until 2031 for £20,000 per annum.

 

The lower ground floor flat currently lets for £33,600 per annum

 

The lower ground floor flat with some investment would have a rental valuation of £3,500 per month.

 

The freehold brings in £900 per annum in ground rents for the two upper flats.

 

The leases have 100 years and 105 years remaining.

 

The yield for the whole unit is currently 6.5% with potential to increase this to close to 8%.

 

Hackney Downs is the nearest station at just 0.2miles walk away with excellent transport links throughout London. It is 12 minutes on the Overground to Liverpool Street, a short drive to Westfield Stratford and Olympic Park and only a 30 minute journey to King Cross.

 

Dalston Junction / Kingsland are both 0.5miles walk away.


All the above make this a perfect property and location for an array of buyers including investors looking to add to their portfolio, someone looking to change class from commercial to residential (STPP) or a business owner looking for a new site for a venture.


GUIDE PRICE £850,000 - £870,000 ...



About this agent

bigmove estate agents - Clapton
bigmove estate agents - Clapton
93 Lower Clapton Road Clapton, London E5 0NP
020 3542 2231
Full profileProperty listings
Since opening our office in Hackney in 2007, Bigmove has gone from strength to strength and has gained a reputation for being trustworthy, transparent and dependable.  We have been advising and ensuring the most accurate and professional advice is given on all aspects of the property market, specializing in residential sales, lettings, property management and land and new home developments.  We have forged a reputation for being honest and professional by providing the highest level of customer service and exceeding our customers’ expectation, coupled with our in-depth knowledge of our marketplace we have become a well-respected Agent in Hackney and the surrounding areas.  Our constant strive for perfection and a passionate approach has been pivotal to our success which has been achieved through a strong work ethic and commitment, paying close attention to our client’s needs.  As an independent agent we have the ability to move quickly and make changes to our business in-line with current market conditions. With this dynamic approach we can always tailor our service uniquely.  We believe our traditional estate agency values, our cutting edge technology and state of the art marketing campaigns ensure maximum exposure of your property.  At Bigmove we understand that buying or selling a property is an emotional decision not a technical one and with that in mind we walk you through the process every step of the way whether you’re a first time buyer or a seasoned landlord. We can assure you our staff have your best interests at heart throughout the entire process.  It’s Important that your property is priced correctly so the moment it is released to market maximum exposure is generated. You only get one chance to make a first impression. Our expert valuers have extensive market knowledge.  A free no obligation valuation is where it all starts and we are on hand at any stage to provide this at your convenience.
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