MapProperty for sale
Features and description
- Tenure: Freehold
- Ground floor commercial
- Basement flat with garden
- Freehold for whole building
- Does not include leasehold for upper 2 flats
- Great location
- 6.5% yield
- Chain free
- Potential to add value
FREEHOLD FOR WHOLE BUILDING | GROUND FLOOR COMMERICAL UNIT | BASEMENT RESIDENTIAL APARTMENT WITH LARGE GARDEN | DOES NOT INCLUDE THE LEASEHOLD OF UPPER TWO FLATS | POTENTIAL TO REFURBISH AND REMODEL (STPP) | PRIME HACKNEY LOCATION | CURRENT YIELD OF OVER 6.5% …
GUIDE PRICE £850,000 - £870,000...
For sale is ground floor commercial unit, lower ground floor residential apartment and the freehold for the building. This sale does not include the leasehold ownership for the upper two floors.
The commercial on the ground floor has an A3 license. It is currently let until 2031 for £20,000 per annum.
The lower ground floor flat currently lets for £33,600 per annum
The lower ground floor flat with some investment would have a rental valuation of £3,500 per month.
The freehold brings in £900 per annum in ground rents for the two upper flats.
The leases have 100 years and 105 years remaining.
The yield for the whole unit is currently 6.5% with potential to increase this to close to 8%.
Hackney Downs is the nearest station at just 0.2miles walk away with excellent transport links throughout London. It is 12 minutes on the Overground to Liverpool Street, a short drive to Westfield Stratford and Olympic Park and only a 30 minute journey to King Cross.
Dalston Junction / Kingsland are both 0.5miles walk away.
All the above make this a perfect property and location for an array of buyers including investors looking to add to their portfolio, someone looking to change class from commercial to residential (STPP) or a business owner looking for a new site for a venture.
GUIDE PRICE £850,000 - £870,000 ...
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