9 bedroom property for sale
Key information
Property description & features
- Tenure: Freehold
- Investment Opportunity
- Freehold Building
- Approximately 7000sqft
- 7 One Bedroom Flats & 1 Two Bedroom Flat
- Commercial Unit
- Potential For Further Development (STPP)
Location: Situated on Hoxton Street, this property is at the heart of one of London's most eclectic and dynamic neighbourhoods. Hoxton is renowned for its trendy atmosphere, artistic community, and convenient access to a wide array of amenities and transportation options.
Building Overview:
• Freehold Status: This property offers the coveted freehold status, granting the owner complete control and autonomy over the entire premises.
Ground floor Commercial Development:
• The expansive ground floor commercial space, measuring nearly 3000sqft, presents an excellent opportunity for a variety of businesses, including restaurants, offices, or art galleries.
• Featuring large shopfront windows and ample street frontage, this space ensures exceptional visibility and an ideal setting for engaging customers. The shop also benefits from a 362sqft cellar.
Residential Units:
• The building comprises a total of 8 residential units:
• 7 cleverly designed one-bedroom flats, offering modern living spaces with high-quality amenities. Four flats benefit from outside terraces with one flat benefitting from 2 private balconies, and another flat featuring Juliette balcony.
• 1 spacious two-bedroom flat, catering more generous accommodation.
• Each residential unit is thoughtfully configured with open plan layouts, an abundance of natural light, and premium finishes to attract discerning tenants.
Current Rental Income:
• All 8 residential flats are currently leased under Assured Shorthold Tenancies (ASTs).
• The current rental income from these flats stands at an impressive £175,000 per annum. However, there's potential for even higher yields given the current market conditions.
Commercial Shop Revenue:
• The ground floor commercial space has the potential to generate an estimated yearly revenue of between £35,000 to £40,000, although it had also been receiving £75,000 per year previously.
Investment and Growth Potential:
• As a freehold property in Hoxton, it offers the owner flexibility for long-term strategic decisions, including possible redevelopment or resale.
• Hoxton's thriving real estate market, ever-increasing popularity, and property values make this an exceptionally attractive investment choice.
This freehold building with 8 flats and a sizable ground floor commercial space on Hoxton Street is an unparalleled investment opportunity. Whether you're an experienced property investor seeking to diversify your portfolio or a newcomer looking to capitalize on the growth potential of this trendy area, this property provides a unique chance to secure a valuable asset.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference SHO220298. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Winkworth - Shoreditch.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.