Land for sale
Property description & features
- Tenure: Freehold
- Potential for further upward extension (STP)
- Freehold investment
- 17 Residential units & 8 Commercial units
- Commercial Annual Income of £235,814
- Ground Rent Annual Income of £5,150
- Gross Initial Yield: 8.3%
- VAT is NOT applicable
Tenants include an art gallery, clothing brand headquarters, bar, theatre, and art supply stores.
The property has an attractive brick façade and large picture windows, and the commercial units are let to various 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 a 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.
No.10 Andre Street:
Ground Floor Unit: 112 sq m (1,200 sq ft)
First Floor Unit: 185 sq m (2,000 sq ft)
Second Floor Unit: 185 sq m (2,000 sq ft)
Third Floor Unit: 185 sq m (2,000 sq ft)
No.12 Andre Street:
Ground Floor Unit: 45 sq m (480 sq ft)
First Floor Unit: 102 sq m (1,100 sq ft)
Second Floor Unit: 102 sq m (1,100 sq ft)
Third Floor Unit: 102 sq m (1,100 sq ft)
No.10-12 Andre Street: Ground-Third Floor: 17 self-contained apartments (sold-off)
Total Commercial Area: 1,018 sq m (10,980 sq ft)
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 191500-1. 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 Fyfe Mcdade - Commercial.
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: obtained from Ofcom on January 5, 2022
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.