*Guide | £250,000+ (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. The property is held on a 999 year lease from May 2017 (thus approximately 991 years unexpired).
Call the team on 020 7625 9007 for more information
A Lower Ground and Ground Floor Retail Unit Let Producing £24,000 Per Annum (Reflecting a Gross Initial Yield of 9.6% on the Guide Price).
The property comprises a lower ground and ground floor retail unit situated within a mid terrace building arranged over lower ground, ground and two upper floors.
Tenure
Leasehold. The property is held on a 999 year lease from May 2017 (thus approximately 991 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Hackney Downs Park are within easy reach. Transport links are provided by Dalston Kingsland overground station and Hackney Downs rail station.
Accommodation
Lower Ground Floor Basement Area G.I.A Approximately 37 sq m Ground Floor Shop G.I.A Approximately 30 sq m
Tenancy
The property let to Let’s Tailor Design Ltd for a term of 15 years commencing 1st April 2026 at a rent of £24,000 per annum. Tenants break clause in 2031 and 2036. Rent review every 4 years from 2030.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
