Industrial development for sale

10-12 Andre Street, London, E8 2AA

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020 3551 4556

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Industrial development

0 bed

0 bath

15,375 sq ft / 1,428 sq m

Property description & features

Tenure: Freehold
Freehold investment
17 Residential units
8 Commercial units
Annual Income of approx. £240,964
Gross Initial Yield: 7.77%
Hackney E8

This mixed use freehold investment comprises a modern four storey block of 17 residential and 8 Class E commercial units in central Hackney with the potential to add a further floor to the building subject to planning permission. The residential units were all sold on 125 year leases on completion of the building in 2018. The gross initial yield for the property is 7.77%.

The property has an attractive brick façade and large picture windows, and the commercial units are let to a wide variety of tenants. The property includes two titles: 10 Andre Street (0.2 acres, 413 ft perimeter) and 12 Andre Street (0.16 acres, 377 ft perimeter) with total internal space of 15,376 sq ft, of which 10,980 sq ft is commercial and 4,396 sq ft is residential.

The building is located on Andre Street, a quiet cobbled street than runs alongside railway arches. Hackney Downs Overground and Rail station is five minutes’ walk from the property, and the open green space of Hackney Downs is a mere two minutes away on foot. Hackney Central Overground station and the many amenities of the town centre are less than half a mile away.

A schedule of accommodation and tenancies is available.

Property information from this agent

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Places of interest

Fyfe Mcdade - Commercial

1 Charlotte Road London EC2A 3DH

020 3551 4556

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Fyfe Mcdade was established in 2007 by Carl Schmid and Ray Smith who, after several years of working in various sectors of the property industry, decided to create an estate agency with a difference. The company name is derived from their mother’s maiden names, Fyfe & Mcdade. They had a vision of a professional estate agency, but one staffed by down to earth, friendly, like-minded people who would dispel the stereotype of the shiny suited, clipboard carrying, aggressive sales people that many people expect to encounter. Staff were instructed to always act in the best interests of their clients, but also to focus on customer service and try to develop long lasting relationships with everyone they were dealing with, be they landlord, vendor, tenant, purchaser, developer, solicitor, lender or surveyor.

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