Hackney Road 63-65-21
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Hackney Road 63-65-20
Hackney Road 63-65-12
Hackney Road 63-65-9
Hackney Road 63-65-10
Hackney Road 63-65-14
Hackney Road 63-65-11
Hackney Road 63-65-13
Hackney Road 63-65-16
Hackney Road 63-65-17
Hackney Road 63-65-19
Hackney Road 63-65-18
  • For Sale
  • Offers Over £450,000
  • 63-65 Hackney Road, Shoreditch, London, E2 7NX
  • Commercial Investment

Commercial Investment

| August 1, 2022

Executive Summary

  • Freehold commercial investment with a current passing rent of £26,000 per annum
  • Prominent corner location in Shoreditch on Hackney Road
  • Approximately 736 square feet (68.37 square metres)
  • Gross yield of 5.7%
  • EPC Rating - TBC

Location
The property is located in a highly desirable part of Shoreditch on Hackney Road (A1208) at the junction with Waterson Street and Columbia Road. Shoreditch is London’s most desirable creative district and located in the London Borough of Hackney. Shoreditch High Street railway station which is on the London Overground line, is 0.5 miles away. London Liverpool Street station providing both Underground and National Express East Anglia Railway line services is 0.8 miles away. The area is well served by buses.

Please note all distances given are approximate only.

Description
A prominent ground-floor corner commercial unit with good return frontage which has most recently been occupied by a hairdresser. The property measures 736 square feet (68.37 square metres) and benefits from a w/c and shutters.

Please note that the size given is approximate only. All interested parties are advised to rely on their own inspection and survey.

Lease
The property is currently let to Butchers Salon (www.butcherssalon.com). The lease commenced February 2010 and expires February 2025. The current passing rent is £26,000 per annum and the most recent review date was February 2020. We are awaiting confirmation as to whether or not this has been settled. It is understood that the tenant is not currently in occupation and is marketing the lease for assignment.

Tenure
The freehold interest is to be sold subject to the existing tenancy. There are 5 flats in the upper parts all of which have been sold off.

Terms
The property is to be sold subject to the existing tenancy and offers are invited in excess of £450,000. This represents a gross yield of 5.7% at the guide price. All negotiations are strictly subject to contract.

VAT
The building is elected for VAT, although we expect the sale can be treated as a transfer of a going concern (TOGC). Interested parties are advised to seek appropriate professional advice on this point.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.