336 Mare Street, London, E8 1HA
£309.09 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,750 sq ft
255 sq m
- SECTOR
Mixed use property for sale
Key features
- Premises total area - 2,750 square feet.
- Excellent opportunity to secure a mixed use retail/residential Freehold asset
- Self-contained commercial unit plus three bedroom flat
- Close to Hackney Central Rail Station
- Current total rental income £51,500 per annum
- Sale price £850,000 - representing a gross income yield of 6 per cent per annum
- Established, thriving commercial area
- Popular residential location
Description
This mixed use mid-terrace building is configured as a self-contained commercial unit over the ground and first floors with a self-contained three bedroom flat on the second and third floors.
Floor areas comprise: Ground floor and first floor commercial unit - 1,463 square feet plus three bedroom flat - 1,287 square feet. Totalling 2,750 square feet.
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 two 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 six months notice. The lease is not subject to any service charge.
Current rateable value for the commercial unit (Ground floor and first 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.
Viewings
By appointment with Stirling Ackroyd
Energy Performance Certificates
EPCEPCBrochures
336 Mare Street, London, E8 1HA
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
Notes
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.
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