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Home , Finsbury Park (area), Hoxton, Shoreditch High Street, Wormwood Street

ONE - THREE WATERSON ST.

LONDON E2 PRIME RESIDENTIAL INVESTMENT OPPORTUNITY LIVERPOOL SHOREDITCH HIGH HOXTON SPITALFIELDS CIRCUS STATION STREET STATION PARK SQUARE STREET STATION STATION MARKET 1-3 WATERSON ST. E2 8HE

WATERSON ST.

Indicative purposes only. 1-3 WATERSON ST. LONDON E2 8HE

“THE ADJACENT BUILDING INVESTMENT IS CURRENTLY UNDERGOING CONSIDERATIONS SIGNIFICANT REDEVELOPMENT HELPING TRANSFORM THIS AREA” • A Freehold unbroken block comprising 17 self-contained apartments, located within the heart of Hoxton • Hoxton is one of London’s most active sub-markets benefitting from strong demand from investors and owner occupiers. • Situated within 350 yards of Hoxton Overground providing links to • 16 Apartments currently let on ASTs • Total Current Rent Reserved: £391,640 per annum • Estimated Rental Value (fully let): £415,040 per annum • and are within a short walk, providing ample amenities • The adjacent building is currently undergoing significant redevelopment helping transform this area • Common parts refurbished in January 2017 • Potential to add additional floors subject to obtaining all necessary consents • Offers are sought in excess of £9,500,000 (Nine Million, Five Hundred Thousand Pounds) for the Freehold Interest, subject to all existing tenancies and subject to contract, reflecting an attractive £889 psf. 1-3 WATERSON ST. LONDON E2 8HE

WORK Hoxton and Shoreditch are home to London’s tech and creative industries which have seen significant growth over the past 5 years. Many high-tech companies are located around Hoxton Square, Old Street and Shoreditch High Street. As rents in the City have increased significantly, firms have looked to move to city fringe locations. LIVE Amongst the buzz of Hoxton, the award winning green spaces of are within walking distance and is home to numerous festivals including the Shoreditch Festival. Hoxton Square provides residents with a mix of green spaces, bustling nightlife within a fashionable residential area. Hoxton has a fantastic array of restaurants and bars, including Red Dog Saloon, Dishroom and Pizza East. For a more sophisticated evening, the is a short walk away. SHOP CITY LIFE, HOXTON Hoxton is home to numerous fashionable boutiques retailers. Boxpark on Shoreditch High Street, designed from shipping containers, is home to trendy bars, restaurants and local retailers. Hoxton Street Market, tucked just behind Hoxton Square, provides a mix of street food and market shopping. 1-3 WATERSON ST. LONDON E2 8HE

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u S r The property is situated in Hoxton within the London Borough The property is extremely well positioned with excellent rail and road e b 0 t x s r of Hackney and borders Shoreditch High Street to the south and communications. Hoxton Overground Station is situated approximately 1 S ad n FINY e o i A t R CIC Liverpool Street e re el to the north east. 1-3 Waterson Street is located on the 300 metres (0.2 miles) north of the property offering access to the F t p B e ha north side of Waterson Street close to its junction with the Hackney and in turn the London Underground providing t tec 1 i 0 h W 8 Road. The surrounding area comprises a mixture of residential access to & (), (Jubilee 1 1 apartments, offices and retail. Line) and (British Rail). Old Street Underground Station Wo A N rm e () is a short distance to the west. Liverpool Street e wo w Hoxton has become home to the technology and fashion industries and t od Stre Aldate et R Station which will soon be benefitting from Crossrail is to the south. ga H is one of the trendiest places to work, live and socialise. It has r o East o o A u a a large proportion of young professionals with 17.7% being between The A10 () is situated to the west, providing access o 1 n 2 d M 1 d 1 s the ages of 25-29 and 29.2% between the ages of 30-44 years. to the M25 to the north and the City of London to the south. d D i u tc A13 C THE ke h Aldate ommercial Road HEIN ’s S t tre ee et tr S

Alle 1-3 WATERSON ST. LONDON E2 8HE

Walthamstow Central

Blackhorse Road

West India Quay Hale

Seven Sisters Westferry

Limehouse Highbury & Islington Junction Haggerston Canada Water Shoredicth High Street Shadwell

HOTON King’s Cross mins St. Pancras East Warren Street LIVERPOOL ST 1mins Oxford Circus

OLD STREET Green Park Bank Oval 1mins Borough Stockwell Kennington Victoria London North Clapham South Elephnant & Castle Clapham Common Angel

Vauxhall King’s Cross Stockwell St. Pancras

Warren St.Goodge St.TottenhamLeicester Ct Rd. Sq.Charing CrossEmbankmentWaterloo Euston

FULLY CONNECTED 1-3 WATERSON ST. LONDON E2 8HE

DESCRIPTION The property comprises an end-terrace purpose built apartment block, arranged over ground and five upper floors beneath a flat roof.

Internally, the building is arranged to provide seventeen self-contained flats (1 x one bedroom, 15 x two bedrooms and 1 x three bedroom). All of the apartments except one benefit from outside space and are finished to a high standard.

The common parts were also refurbished in January this year and the property benefits from a passenger lift.

TENURE The site is held Freehold. “AMONGST THE BUZZ OF HOXTON, THE AWARD WINNING GREEN SPACE OF SHOREDITCH PARK AND HOXTON SQUARE ARE WITHIN WALKING DISTANCE” 1-3 WATERSON ST. LONDON E2 8HE PRIME RESIDENTIAL INVESTMENT OPPORTUNITY

ACCOMMODATION & TENANCY SCHEDULE

Unit Area In Area Beds Floor Lease Tenant’s Lease Current Current Sq M Sq Ft Start Break Option Expiry Rent £pcm Rent £pa

Flat 1, 3 Waterson St. 55 605 2 G 13/8/16 - 12/8/18 £1,841.67 £22,100.04

Flat 2, 3 Waterson St. 58 612 2 G 27/8/16 - 26/2/17 £1,950.00 £23,400.00

Flat 3, 3 Waterson St. 46 570 1 G 31/10/15 - 30/10/16 £1,820.00 £21,840.00

Flat 4, 3 Waterson St. 56 605 2 1 1/4/14 - 30/11/16 £1,950.00 £23,400.00

Flat 5, 3 Waterson St. 56 639 2 1 15/9/16 14/3/17 14/9/17 £1,950.00 £23,400.00

Flat 6, 3 Waterson St. 52 587 2 1 29/1/16 - 30/7/18 £1,993.33 £23,920.00

Flat 1, 1 Waterson St. 60 605 2 2 N/A - N/A £0.00 £0.00

Flat 2, 1 Waterson St. 63 639 2 2 6/6/16 - 5/6/17 £1,993.33 £23,919.96

Flat 3, 1 Waterson St. 50 587 2 2 25/8/16 - 24/8/17 £1,950.00 £23,400.00

Flat 4, 1 Waterson St. 60 605 2 3 14/9/15 - 13/9/16 £1,950.00 £23,400.00

Flat 5, 1 Waterson St. 63 639 2 3 30/9/16 29/9/17 29/3/17 £1,993.33 £23,919.96

Flat 6, 1 Waterson St. 50 587 2 3 13/8/16 12/2/17 12/8/17 £2,000.00 £24,000.00

Flat 7, 1 Waterson St. 59 605 2 4 8/10/16 7/4/17 7/10/17 £1,950.00 £23,400.00

Flat 8, 1 Waterson St. 63 639 2 4 19/12/15 - 18/12/16 £2,058.33 £24,699.96

Flat 9, 1 Waterson St. 50 587 2 4 30/9/16 27/3/17 29/9/17 £1,950.00 £23,400.00

Flat 10, 1 Waterson St. 57 620 2 5 20/2/16 - 19/2/17 £2,166.67 £26,000.04 “HOXTON IS HOME TO NUMEROUS FASHIONABLE Flat 11, 1 Waterson St. 125 950 3 5 24/12/15 - 23/12/16 £3,120.00 £37,440.00 BOUTIQUE RETAILERS” Total 1,023 10,681 £32,637 £391,640 ERV £34,587 £415,040 1-3 WATERSON ST. LONDON E2 8HE PRIME RESIDENTIAL INVESTMENT OPPORTUNITY

Potential addition of further floors

CGI image of proposed refurbishment

PLANNING Local Planning Authority: London Borough of Hackney Tel: 0208 356 3000 Web: www.hackney.gov.uk

Planning consent was granted on 18 November 2016 for the “refurbishment of building comprising: alterations to external cladding, main entrance and common spaces” (Ref: 2016/3171).

There is potential to add additional storeys to the building subject to obtaining all necessary consents. A Planning Note has been prepared by CMA Planning, “THERE IS POTENTIAL TO ADD who have extensive experience in Hackney. This identifies the potential to add two further storeys. The adjacent ‘Long and Waterson’ development extends to ADDITIONAL STOREYS TO THE BUILDING” a height of 10 storeys. The CMA Planning Note is included in the dataroom.

CGI image of Long and Waterson Developments 1-3 WATERSON ST. LONDON E2 8HE PRIME RESIDENTIAL INVESTMENT OPPORTUNITY

LIVE HOXTON 1-3 WATERSON ST. LONDON E2 8HE

RESIDENTIAL COMMENTARY Recent developments within the vicinity include Galliard’s Fusion scheme on Cygnet Street. The 2 bedroom flats have been achieving between £895,000 - £1,061,000 reflecting an average of £1,196 psf. The Fusion will comprise 39 units and will include commercial on the ground floor. Adjacent to the subject property is the Long & Waterson scheme currently under construction. Once complete the development will comprise 237 student accommodation units, 73 flats and office accommodation. The flats were launched in January this year with some units reserved at £1,350 psf. VAT The property has not been elected for VAT. DATAROOM Further information is provided in the dataroom. For access please register on the following website: www.1-3watersonstreet.com

PROPOSAL We are instructed to seek offers in excess of £9,500,000 (Nine Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT, reflecting an attractive £889 psf.

For further information or to make arrangements for viewing please contact:

Richard How Michael Linane Andrew Boyd Andy Pointon 020 7344 2652 020 7344 2623 020 7344 2609 020 7543 6720 [email protected] [email protected] [email protected] [email protected] www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 02.17