14 Chatsworth Road, Homerton, London E5 0LP
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
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
- Asset Management Potential
- 6 Self-Contained Rooms
- 2 Bed Basement Flat
- 20 Year Commercial Lease
- Value Add
- Regeneration Area
Description
* Opportunity to acquire a freehold shop and uppers with significant reversionary and value add potential comprising a commercial unit, 6 studio units and a basement flat.
LOCATION
* The property is situated on Chatsworth Road, Homerton is a vibrant and evolving pocket of East London, positioned between Hackney Central and Victoria Park. The area has seen significant regeneration in recent years, attracting a wave of young professionals, creatives, and independent businesses, making it an increasingly sought-after location for both investors and occupiers.
* The property is approximately a 10-minute walk to Homerton Overground Station which offers regular services to Highbury & Islington Station in roughly 13 minutes.
DESCRIPTION
* The site extends to 0.04 acres.
* The building is arranged across four storeys (Basement - Second) and provides an occupied commercial unit, six self-contained studios on the (G-2nd) extending to approximately 1,120 SqFt (NIA) and a 2-bedroom flat in the basement with a large courtyard extending to approximately 452 SqFt (NIA).
* The commercial unit is currently let to 'Vintage Bottle' on a 20-year FRI lease from 2022 at £14,000 p.a. rising with a rent review coming up in 2027, secured on the ground and basement retail premises.
* The six studios are all self-contained and tenanted on a monthly rolling basis generating £91,609.88 p.a.
* The six self-contained studios offering reversionary potential to achieve c.£103,400 p.a. based on current LHA rates, with further uplift achievable through refurbishment and letting to private tenants.
* The 2-bedroom basement unit is currently tenanted achieving £21,600 p.a.
* The entire property is currently producing £127,210 p.a.
* We have been advised that the operational costs amount to approximately £1,500 p.a.
* Certificate of Lawful Development Existing/Proposed was granted on 30th August 2016 for "Existing use of parts of building as six residential units (C3 use class) (one at ground floor level to rear of shop; three at first floor level and two at second floor level)" (Planning Ref. 2016/2522)
TERMS
* The property is not elected for VAT.
* The property is available freehold.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
14 Chatsworth Road, Homerton, London E5 0LP
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference Chatsworth2. 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 Di Properties Ltd, London. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.