1-3-Waterson-Street-Hoxton-Brochure.Pdf
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ONE - THREE WATERSON ST. LONDON E2 PRIME RESIDENTIAL INVESTMENT OPPORTUNITY FINSBURY OLD STREET LIVERPOOL SHOREDITCH HOXTON SHOREDITCH HIGH HOXTON SPITALFIELDS CIRCUS STATION STREET STATION PARK SQUARE STREET STATION STATION MARKET 1-3 WATERSON ST. LONDON 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 London Underground • 16 Apartments currently let on ASTs • Total Current Rent Reserved: £391,640 per annum • Estimated Rental Value (fully let): £415,040 per annum • Shoreditch High Street and Hoxton Square 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 Shoreditch Park 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 City of london 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 B 1 0 Hoxton 8 Cambridge Heath W d d a a a d o o r a n o R R R THE PROPERTY e WATERSON ST.y n t r e s e re P a G n l l E a t k a LONG & WATERSON n c e h c et e e DEVELOPMENT S a B r Wa ld 0 t ters O h on S H B 0 S t Rd 1 RED DOG o bia A 2 olum d C 1 5 r 0 l SALOON 8 t 1 1 e tree e 0 t S i se A d os C f HOXTON STREET 2 8 G i t t i y i 1 R MARKET t P c A o BOUNCE PING a h d PONG BAR 201 H A5 i C Old Street g d Bethnal oa a h n R ree Green m l G a b S DISHOOM thn t Be r i r d BARRIO e 9 0 g e 2 FUSION SHOREDITCH 1 e t A DEVELOPMENT H (GALLIARD) e A B 1 PIZZA SHOREDITCH ree C olts a 1 2 EAST Th t B 0 HOUSE 0 h 2 PUMP 1 STREET 8 R St o t 4 ee idge r r t V b FOOD S Dun a 4 hire BOXPARK s d he a d C MARKET l a S eet clater Str l B a o u n R Bethnal n c y h t Green e “HOXTON HAS BECOME HOME TO THE TECHNOLOGY i i l C l R R Shoreditch o AND FASHION INDUSTRIES AND IS ONE OF THE o High Street a w B d 1 TRENDIEST PLACES TO WORK, LIVE AND SOCIALISE.” 3 4 B1 00 Ch B isw t e r ll Stre e C t e i t n o c e HERON a m Hanbury S k t Whitechapel g r TOWER m e m e p t L e o OLD e v a r G h a SPITALFIELD n c s r e e LOCATION P i MARKET i S a out a h P B Moorgate y la t ce l o r 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 FINSBURY e o i A t R CIRCUS Liverpool Street e re el Haggerston 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 London Overground and in turn the London Underground providing t tec 1 i 0 London Wall h W 8 Road. The surrounding area comprises a mixture of residential access to Highbury & Islington (Victoria Line), Canada Water (Jubilee 1 1 apartments, offices and retail. Line) and New Cross (British Rail). Old Street Underground Station Wo A N rm e (Northern Line) is a short distance to the west. Liverpool Street e wo w Hoxton has become home to the technology and fashion industries and t o d Stre Aldgate 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 (Kingsland Road) 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 Aldgate ommercial Road GHERKIN ’s S t tre ee et tr S Alle 1-3 WATERSON ST. LONDON E2 8HE Walthamstow Central Canary Wharf Blackhorse Road West India Quay Tottenham Hale Seven Sisters Westferry Finsbury Park Limehouse Highbury & Islington Canonbury Dalston Junction Haggerston Whitechapel Wapping Rotherhithe Canada Water Shoredicth High Street Shadwell HOXTON King’s Cross 4mins St. Pancras Bermondsey Aldgate East Warren Street LIVERPOOL ST 16mins Oxford Circus OLD STREET Green Park Bank Oval 16mins Borough Moorgate Stockwell Kennington Victoria London Bridge Clapham North Clapham South Elephnant & Castle Clapham Common Pimlico Angel Vauxhall King’s Cross Stockwell St. Pancras Warren St.Goodge St.TottenhamLeicester Ct Rd. Sq.Charing CrossEmbankmentWaterloo Brixton 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.