Commercial property for sale

Tenure: Freehold

Aldermartin Baines & Cuthbert are pleased to offer this mixed use investment, comprising restaurant premises and seventeen self-contained studio flats. The property is situated at the junction of Kingsland Road (A10) and Dalston Lane (A104) adjacent to Dalston Junction London Overground Station. The area surrounding the property provides a mix of retail serving the local community and people using the public transport.

Accomodation and Tenancies
A schedule of Accommodation and Tenancies is set out below.

Ground Floor
Gross Frontage 9.5m
Net Frontage 4.00m
Gross Return Frontage 14.40m
Net Return Frontage 10.10m

Lease Terms
20 years from October 2000. Rent Reviews every 4 years FR&I Total current Rent £ per p.a. £60,000pa

First Floor
Seventeen Studio Flats each comprising - Studio Rooms with Kitchen, Separate Shower Room/WC

Lease Terms
Seventeen of the studio flats are each subject to an Assured Shorthold Tenancy
Total Current Rent £ p.a. £182,259.84 p.a

Studio Flats comprising of:
Studio Room with Integral Kitchen and Spate Shower Room with WC.


A full breakdown of Accommodation is available upon request.

Total Current Rent Reserved
£242,259.84 per Annum with one Vacant.

17 Studio Flats
The property is arranged over basement, ground and three upper floors. The property is arranged to provide a self-contained return frontage retail unit with kitchens in the basement. The basement can be accessed from either within the retail unit or via Dalston Lane. The upper floors comprise seventeen self-contained studio flats accessed from Kingsland Road.

VAT
VAT is applicable to this Lot.

Location Map

Property Ref:1_1289_2255173