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Retail Property (high street) for sale

331 Mare Street, London E8 1HY

Under Offer £600,000

Property Description

Key features

  • Prime corner location in Hackney Central adjacent to JD Sports and Iceland Foods
  • Rental income 40,000 per annum

Full description

Offers in excess of £600,000

The premises are located in a prime corner location at the junction with Graham Road approximately 40m from Hackney Central Overground station. Located in the heart of Hackney Central the property is located centrally, close to the pedestrianised section of Mare Street (M&S, Primark etc), Hackney’s new fashion outlet centre and the nightlife and entertainment district.

The property is let to Stirling Ackroyd Ltd on FRI terms for a 10 years from May 2009, inside the L&T Act subject to 5 yearly rent reviews. The current passing rental as agreed at the 2014 rent review is £40,000 per annum exclusive. The tenant has an option to extend the lease for an additional 5 years.

JD Sports and Iceland Foods are immediately adjoining the subject property, with other retailers in the vicinity including Pizza Hut, Specsavers, Boots Opticians, KFC and Subway.

The Hackney Empire , one of the town centre’s main landmark buildings and one of London’s major independent entertainment venues, is 100m south of the property, adjacent to the Hackney Picturehouse and Hackney Town Hall.

The recently developed Hackney Fashion Hub, London’s newest luxury fashion outlet centre, is located 250m west of the subject property where tenants include Aquascutum, Joseph, Nicole Farhi and Nike.

Map & Street View

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