Retail for sale

386-390 Mare Street

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

386-390 Mare Street, London, United Kingdom E8 1HR

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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.
Local authority: Hackney

Units & floor plans

Unit Floor Size
Retail Ground
2,207
205.04
Retail First
1,022
94.95
Total / Avg.
3,229
299.98

* All sizes NIA

  • 839 existing ground

    Ground

    Ground

  • 841 existing first floor

    First

    First

Find out more information about this building's development and technical spec.

Find out more

Transport

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.

Offers

We are inviting unconditional offers in excess of £1,850,000 for the freehold interest

Further information

See more
Tenancy schedule
Floor / Demise Tenant Rent (p.a.) Expiry date
Ground and FirstBoots £60,00013/02/2019

Property marketed by:

The Walbrook Building, 25 Walbrook, London EC4N 8AF
JLL London Unlimited
JLL London Unlimited
18949 dragonfly20160830 4695 lq8hfg Jake Bernstone

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

£1,950,000

Property descriptions and related information displayed on this page are marketing materials provided by JLL- London Unlimited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. JLL Dislaimer JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images maybe computer generated. Any photographs show only parts of the property as they appeared at the time they were taken @2015 Jones Lang LaSalle