£525,000
Retail premises for sale
Property photos
Guide price
£525,000
(£720.16/sq. ft)
Retail premises for sale
Stoke Newington Church Street, London N16Local area information
Property location
Nearby amenities
- William Patten Primary School 0 miles
- Stoke Newington 0.2 miles
- St Mary's Church of England Primary School, Stoke Newington 0.3 miles
- Rectory Road 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for South Hackney, Stoke Newington and Stamford Hill to find out more about the local area.
Features and description
Neaby occupiers include Foxtons, Whole Foods Market, Mind and Pret A Manger.
Description
The unit is arranged over ground floor and basement, occupying an end of terrace position.
Tenure
Freehold.
The residential upper parts have been sold off on a long leasehold from January 2014, at a ground rent of £250 per annum. This doubles every 25 years.
Price
Offers in the region of £525,000, which represents a Net Initial Yield of 6.86%, after deducting purchaser’s costs.
Commercial tenant - The Air Ambulance Service Trading Ltd
Use - Class E
Lease start 25/10/2013
Lease end 24/10/2028
Review pattern - 5 yearly
Rent £37,500 pax
Ground rent from upper parts is £250 pa.
More information
Listed by
Assembly Commercial Real Estate
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