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336 Mare Street, London, E8 1HA

£850,000

£309.09 per sq ft

Business rates & charges may apply

Stirling Ackroyd, Commercial
SIZE AVAILABLE

2,750 sq ft

255 sq m

SECTOR

Mixed use property for sale

Floor Plan
1

Key features

  • Excellent opportunity to secure a mixed use retail/residential Freehold asset
  • Self-contained Commercial Unit plus 3 bedroom flat
  • Current Total Rental Income £51,500 per annum
  • Sale Price £850,000 - representing a gross income yield of 6 per cent per annum

Description

Description
This mixed use mid terrace building is configured as a self-contained commercial unit over ground floor and 1st floor and a self contained 3 bedroom flat on the 2nd and 3rd floors.

Floor Areas: Ground Floor & 1st floor Commercial Unit - 1463 sq ft plus 3 bed flat - 1287 sq ft. Total 2750 sq ft.

The freehold sale benefits from a single lease income currently totalling £51,500. This represents a gross yield of 6 per cent (before costs) applied against the sale price of £850,000.

Commercial lease summary – Tenant: KEATONS Estate Agents paying an annual Rent of £51,500 per annum, which is paid quarterly in advance, for the commercial unit and the residential flat - subject to a 15 year FRI lease ending 08.03.2038 (13 years remaining) with 2 further rent reviews in March 2028 and March 2033.

The lease is within the Landlord & Tenant Act with tenant only break options on 08/03/2028 and 08/03/2033 subject to 6 months notice. The lease is not subject to any service charge.

Current Rateable value for the commercial unit (Ground Floor & 1st Floor) : £30,500 per annum.

Sale price: £850,000 which represents a gross yield of 6 per cent before purchaser costs. The sale is subject to VAT.

Location
336 Mare Street is located on the eastern side of Mare Street (A107) close to the junction with Morning Lane. This location is an established thriving commercial area and popular residential location in central Hackney.

A wide variety of national and independent brands/retailers trade in close proximity to 336 Mare Street - including KFC, Iceland, JD Sports, Crisis, Foxtons, Tesco superstore, Pizza Hut and Subway. The unit is also close to Hackney Town Hall and Hackney Empire Theatre.

Hackney Central (London Overground )Rail Station is within easy walking distance and various bus routes are available on Mare Street.

The property is located in the London Borough of Hackney.

Energy Performance Certificates

EPCEPC

Brochures

336 Mare Street, London, E8 1HA

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hackney Central Station0.0 miles
  • Hackney Downs Station0.3 miles
  • London Fields Station0.5 miles

About Stirling Ackroyd, Commercial

40 Great Eastern Street, London, EC2A 3EP

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment. Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs.

At Stirling Ackroyd, the city is in our DNA. We understand the way London operates and how people buy, sell, rent or let property. As one of the first East London estate agents, we have played a vital role in the residential and commercial development of Central and East London and through this, we have gained an integral understanding of local values and an unparalleled local knowledge of the area.

We are one of the leading commercial estate agents for commercial property in London. We provide our clients with the full range of comprehensive, professional, and up to date occupational and investment services with dedicated teams covering all commercial property sectors.

Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs. Set up originally in a small office on Curtain Road, in the then unfashionable northern City fringe, we have watched the community we are part of grow into the prime property locations you see today.

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment.

Notes

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Disclaimer - Property reference 292621-1. 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 Stirling Ackroyd, 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.

Map data ©OpenStreetMap contributors.

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