Office for sale

47-49 Tudor Road, London, E9

4,725 sq. ft. | £1,700,000

Property Description

Commercial information

  • 4,725 sq ft (438 sq m)
  • Use class orders: B1 Business

Key features

  • Net initial yield of 6.25%
  • Exposed brickwork
  • Large windows with excellent natural daylight
  • Generous floor to ceiling heights
  • New 999 year long-leasehold interest
  • Freehold interest available

Full description

Location

Tudor Road is located immediately east of Mare Street in the heart of Hackney's popular London Fields district. In addition, fashionable Broadway Market is located nearby with its superb selection of restaurants and cafes. The area has become popular amongst young professional residents and a variety of office occupiers.

Transport

London Fields (0.3m) London Overground
Cambridge Heath (0.6,) London Overground
Bethnal Green (0.9m) Central Line

Description

The property is a converted warehouse building of brick construction and is arranged over five floors with the offices at ground floor level and nineteen apartments on the four upper floors.

The office space benefits from exposed brickwork, large windows and generous floor to ceiling heights.

Approximate Floor Areas

Ground floor - 4,725 sq. ft.- 439 sq. m.

Use Class

B1 Office

Tenancy

The property is let to FormFormForm Ltd at 113,400 per annum (24 per sq. ft.).

The lease is for ten years from 09.01.2017, subject to a tenant only break clause at the fifth year.

The lease is subject to sixth month's rent free from the lease commencement date.

The lease is contracted outside the Landlord and Tenant Act 1954 (Part II).

Covenant Information

The tenant trades as Sugru and further information can be found on their website www.sugru.com

They have been in occupation since 2007.

The tenant is a young fast-growing trendy company

Dun + Broadsheet credit rating of 2A2, reflecting a lower than average business failure.

Sale

The premises are offered for sale on the basis of a new 999 year long-leasehold interest, subject to a peppercorn rent.

Price

1,700,000.

The price reflects a Net Initial Yield of 6.25% after purchasing costs of 6.8%.

Freehold

The freehold interest is available with the benefit of income from the ground rents of 19 apartments, equating to 5,700 pa.

Further information on request.


More information from this agent

Nearest stations

  • London Fields (0.2 mi)
  • Cambridge Heath (0.5 mi)
  • Hackney Central (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans

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Master Floorplan Image
Master Floorplan Image

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • London Fields (0.2 mi)
  • Cambridge Heath (0.5 mi)
  • Hackney Central (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4749TudorRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Anton Page LLP, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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