Property available on: 23/02/2017
We are proud to present this spacious A1 Commercial Lease Assignment of 15 years to the market. Situated in the heart of Hackney more specifically Hackney Road. Located just off Hackney Road this property is in a prime area. The property is located on a busy junction of Hackney Road, at the point where Columbia Road meets Broadway Market. The unit is serviced by many bus routes into the city and further out to East London with Hoxton over ground a short walk away. The Luxury Mettle & Poise development is within 100 yards from the unit, boasting 188 new high spec apartments.
This is an amazing opportunity to invest in an extremely lucrative business venture as this commercial lease is offered with 6 Large Rooms above the shop. The current income generated from these rooms are Â£48,000 per annum. A small Section of the shop is also rented by the lease holder to an ATM company who currently pay the leaseholder a figure of Â£20,000 rent per annum. In total the property generates Â£68,000 per annum on this alone. This is also an extremely successful Supermarket/Off license generating Â£12,000/Â£15,000 per week. The rent for this property currently stands at Â£27,000 per annum. Please be aware the 6 flats and shop unit is included within this rent. Due to this the seller is seeking a figure of Â£250,000 premium for this lease which has 15 years remaining on this term. There is a stock value of Â£40/Â£50,000 which can also be negotiated in to this transaction.
Shop Floor - 12.84 ft. x 38.63 ft.
Basement - 13.39 ft. x 29.66 ft.
TOTAL - 885.42 (approx.)
This is a Commercial Open Lease Assignment with 15 Years remaining.
The seller is seeking a premium of Â£250,000 for this property.
Â£27,000 per annum
The Business rates for this property is Â£3,800 per year. However, interested parties are encouraged to verify this with the local council (Hackney Council).
The incoming tenant is to bear their own legal costs as well as the landlords, the seller will bare their own legal costs.
Then all you need to do is get in touch to ask any questions or arrange a viewing. We'd love to show you around!
Call on 0207 998 1980 or use the form below.