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Mixed-Use Freehold Investment for SALE 18 Stoke Newington Road, Stoke Newington, N16 7XN

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Mixed-Use Freehold Investment for SALE 18 Stoke Newington Road, Stoke Newington, N16 7XN Mixed-Use Freehold Investment FOR SALE 18 Stoke Newington Road, Stoke Newington, N16 7XN For more information call us on 020 3371 0061 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk Executive Summary • A desirable multi-let freehold mixed-use investment opportunity in the heart of Dalston, East London. • Comprising 1 x commercial unit and 5 x self-contained apartments arranged over four floors. • Approximately 0.2 miles from Dalston Kingsland station and 0.4 miles from Dalston Junction station. • Offers are invited in excess of £1,600,000, which represents a gross yield of 6.2%, from a combined rental income of £99,240 per annum. This equates to an approximate capital value of £405.17 per square foot of the net internal area. Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 Plotted Scale - 1:1000. Paper Size - A4 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk Location The property is situated within the popular inner London district of Dalston which is 4 miles north-east of Charing Cross in the London Borough of Hackney. The immediate vicinity is occupied by a range of independent and well-established national businesses which provides a vibrant environment which is popular area with young professionals working in Central London. The area has benefited from significant regeneration and gentrification in recent years and is now one of the most desirable places to live and invest in London. The property lies on the eastern side of Stoke Newington Road (A10), between the junctions of Shacklewell Lane and Miller’s Terrace. The A10 is one of the main arterial roads out of London that begins in Central London and travels north through Cambridge and ends in King’s Lynn. To the east is the A12 which is 2.1 miles away and the A1 is 1.4 miles to the West. The area is well served by public transport. Dalston Kingsland is 0.2 miles away and Dalston Junction is 0.4 miles away, both of which are on the London Overground. There are numerous and regular bus services that facilitate the area, providing access to Central London and all other local points of interest. Please note all distances given are approximate only. Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 Plotted Scale - 1:1000. Paper Size - A4 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk Description The property is arranged over four floors. To the front there is a commercial unit arranged over ground and lower ground floors, and then there are 5 self-contained flats built above and behind. All parts are currently let out and more particularly described as follows; Floor Bed Rent (PCM) Rent (PA) Tenancy Information Size (sq m) Size (sq ft) Flat 1 Lower Ground 1 plus study £1,150 £13,800 AST – Holding Over 82 sq m 882 sq ft Flat 2 Ground 1 plus study £1,300 £15,600 AST – Holding Over 61 sq m 656 sq ft Flat 3 First 1 £1,220 £14,640 AST – Holding Over 42 sq m 452 sq ft Flat 4 First 3 £2,000 £24,000 AST – Holding Over 64 sqm 689 sq ft Flat 5 Second 1 £1,300 £15,600 AST – Holding Over 60 sq m 646 sq ft Commercial Ground & Lower Ground £1,300 £15,600 12 years from 06.03.2009 58 sq m 624 sq ft Total £8,270 £99,240 367 sq m 3,949 sq ft Please note all sizes are given on a net internal basis. All sizes have been provided by the vendor and all interested parties are advised to rely on their own enquiries. 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk Unit 1 Unit 2 up DINING UNIT 1 UNIT 2 82m² 61m² DINING BEDROOM 1 BEDROOM 1 KITCHEN 11m² 11m² STUDY FD20 DRESSING DRESSING DRESSING AREA AREA AREA HALL STUDY HALL HALL BATHRM up cpd cpd SS cpd down down SS up BATHROOM W/C TOILET TOILET SVP SVP COMMERCIAL PART GROUND FLOOR PLAN - RESIDENTIAL UNIT 1 COMMERCIAL UNIT GF + B UNIT GF + B up up -- -- -- -- STORAGE BASEMENT FLOOR PLAN - RESIDENTIAL UNIT 1 GROUND FLOOR PLAN - RESIDENTIAL UNIT 2 These plans are for indicative purposes only and are not to be relied upon. All interested parties are advised to rely on their own inspections. 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk Unit 3 and 4 Unit 5 nominal fall LIVING nominal fall DINING UNIT 4 64m²KITCHEN BEDROOM 1 FLAT ROOF nominal fall 'Velux' rooflight rooflight over BEDROOM 3 BEDROOM 2 'Velux' rooflight HALL DECKING rooflight over BATHRM cpd BATHRM BATHRM up STORE HALL STORE HALL KITCHEN KITCHEN DINING BEDROOM BEDROOM DINING UNIT 5 UNIT 3 LIVING LIVING 60m² 42m² -- -- -- -- FIRST FLOOR PLAN - RESIDENTIAL UNITS 3&4 SECOND FLOOR PLAN - RESIDENTIAL UNIT 5 These plans are for indicative purposes only and are not to be relied upon. All interested parties are advised to rely on their own inspections. 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk The Property The Property Terms Offers are invited in excess of £1,600,000 for the freehold interest, which represents a gross yield of 6.2%, subject to contract. This equates to an approximate capital value of £405.17 per square foot of the net internal area. VAT The building is elected for VAT, although we expect the sale can be treated as a transfer of a going concern (TOGC). Interested harstonandco.co.uk parties are advised to seek appropriate professional advice on this point. 020 3371 0061 Tenure [email protected] The freehold interest is to be sold subject to the existing tenancies. @harstonandco Data Room A data room has been set up and access is available on request. Aldgate Tower, 2 Leman Street, London, E1 8FA Viewings Viewings are strictly by appointment through sole agents Harston&Co. Subject to contract Harston&Co on its behalf and for the vendors or lessors of this property whose agents give notice that: The particulars within this document are for general guidance only and do not constitute any part of an offer or contract for sale or lease. Any statements or representations should not be relied upon as fact, and any interested parties should satisfy themselves as to the accuracy of any statement. Unless otherwise stated, all prices and rents are exclusive of VAT and are subject to change. Harston&Co is the trading name of Harston Property Ltd registered in England No: 10618714. 18 Stoke Newington Road, Stoke Newington N16 7XN harstonandco.co.uk.
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