|Deal type||Development with income
|Size (GIA)||3,229 sq ft
Opportunity to purchase exciting freehold opportunity in Hackney with with planning permission approved for a new build mixed use scheme
The existing building is currently let to Boots Ltd for £60,000pax, with the lease expiring in February 2019
Planning has been approved by Hackney for a new build scheme, comprising 5 x residential apartments (1 x 1 bed and 4 x 2 beds) with retail being retained on the ground and lower ground floors
We anticipate believe the market rent for the commercial to be c.£100,000pax if the existing unit was to be relet or when the new build unit is rented
Hackney Fashion Hub having huge impact on surrounding area, further information click link - http://www.hackneywalk.com
The building is situated only 200 metres away from Hackney Central Station and will benefit from the proposed Hackney Walk development anticipated to provide c. 1 million sq ft of unique retail, office and residential space over the next 5 years
The subject property is situated 0.2 miles from Hackney Central Station which provides London Overground services (Zone 2).
The Narroway (as this location is known), is due to be pedestrianized by Hackney Council in 2017/18 making this stretch of the street the most desirable location for retailers and residents alike.The Hackney Fashion Hub is launching this Autumn on Morning Lane, providing the first inner London, urban outlet 'centre'.
The building will also benefit from the proposed Hackney Walk development which will also improve the composition of quality of residential and retail property in the immediate area.
* All sizes NIA
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The site is well connected to the London Overground and National Rail Network. It is 5 minutes walk to Hackney Central Overground Station and Hackney Downs Overground and Rail Station and 15 minutes walk to London Fields and Clapton Rail Station. There are also several bus services within a short distance which provide good links around the Borough and into Central London.
We are inviting unconditional offers in excess of £1,850,000 for the freehold interest
|Floor / Demise
|Ground and First||Boots ||£60,000||13/02/2019|
Opportunity to acquire a highly reversionary retail investment with planning permission now approved for a new build mixed use scheme including retail and 5 x new build apartments, to replace the existing building upon expiry of the current tenancy
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