Stoke Newington Road, Hackney, London N16

SUMMARY

• Opportunity to acquire a substantial and well positioned freehold mixed-use investment with vacant uppers, refurbishment potential and approaching a 9% yield on ERV.

LOCATION

• The property is situated on Stoke Newington Road, N16, a vibrant North London neighbourhood with a diverse range of local shops, cafés, restaurants and everyday amenities nearby.
• Well-connected to Dalston and surrounding areas, with Dalston Kingsland & Dalston Junction Overground stations nearby alongside numerous bus routes providing convenient access to central London and beyond.

DESCRIPTION

• The property comprises five-storeys with the Ground & Basement operating as a takeaway restaurant trading as Super Kebab on a demise of 1,377sqft.
• This tenant has been in occupation for in excess of 15 years and signed a lease extension in 2024 for a further 10 years to March 2034. This element of the property has a passing rent of £25,000 per annum.
• The upper floors comprise two residential flats (1x 2-bed & 1x 4-bed) that are currently vacant and in need of a light refurbishment.
• The upper floors when fully let have an estimated rental value of £60,000 per annum.
• The total rent on ERV with the passing Commercial equals £85,000 per annum, this would provide an anticipated gross yield of 8.95%.
• The residential upper floors total approximately 1,528sqft NIA.

TERMS

• The property is available freehold.
• Guide Price of £950,000.