Retail premises for sale

493- 495 Hackney Road, Hackney, London E2

Description

The available asset is a self-contained, E class commercial premises spanning the ground floor and basement level of a former buildersmerchant shop in the vibrant London Fields area. The property benefits from great natural light, strong transport connectivity, and high footfall, making it an attractive investment location. This asset will be available for purchase on a long term, 999 year Leasehold.

The Tenant Lease for the property commenced 18/07/2024 to a modern architecture firm, A is for Architecture. The lease term is 10 years, with a tenant break clause after 5 years and is outside the Landlord and Tenant Act 1954. The property returns a passing rent of £35,000 per annum plus VAT. The rent is subject to a market review at the 5th anniversary.

Location

This former buildersmerchants shop is located on the north side of Hackney Road, near the junction with Cambridge Heath Road. The street has become increasingly popular among young and trendy locals, thanks to the recent addition of new art galleries and fashion retailers. Moreover, the area offers convenient access to London Transport bus and train services, with the nearest Overground station being Cambridge Heath.

Viewings

Strictly by appointment only

Terms

999 Year Long Leasehold

VAT

Applicable

Yield

Price reflects a giy of 7.4%

Ground Rent

Peppercorn