Hoxton Street, London, N1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
9
- BATHROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- Freehold Building
- Approximately 7000sqft
- 7 One Bedroom Flats & 1 Two-Bedroom Flat
- Commercial Unit
- Potential For Further Development (STPP)
Description
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.
Brochures
Web DetailsParticularsEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Hoxton Street, London, N1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hoxton Station0.2 miles
- Haggerston Station0.4 miles
- Old Street Station0.6 miles
About the agent
Winkworth, Shoreditch
184 Brick Lane, London, E1 6SA
Winkworth was established in 1835 and, in 1981, became the UK's first franchised estate agency operation. Now, with a network of over 80 offices and, as an active supporter of industry regulation, Winkworth is a familiar and trusted feature of the estate agency landscape. Along with an extensive London presence, Winkworth has offices spanning the UK and an increasing international presence.
Every independently owned and operated office has a well-earned reputation for local knowledge a
Notes
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Visit our security centre to find out moreDisclaimer - Property reference SHO220298. 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 Winkworth, Shoreditch. 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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