211-227 Hackney Road, London, E2 8NA Shoreditch Redevelopment / Refurbishment Opportunity 211-227 Hackney Road, London, E2 8NA
Summary • Freehold former Cinema / Bingo Hall building in a prime East London location. • Close to the bars, restaurants and shops of Shoreditch and Hoxton. Hoxton London Overground Station is located approximately 300m to the west. • The Property, currently in D2 use, extends to a Gross Internal Area (GIA) of approximately 2,625 sq m (28,251 sq ft) and occupies a 0.23 hectares (0.56 acres) site. • Opportunity for refurbishment or new build redevelopment including residential use, subject to the necessary consents.
Location The property occupies a prominent The property is well served by location on Hackney Road (A1208), pubic transport with Hoxton London the principle route linking Shoreditch Overground Station located and Hackney. The site is in a vibrant approximately 300 metres to the west. and cosmopolitan location, close Bethnal Green (Central Line) and Old to the bars, restaurants and shops Street (Northern Line and National of Shoreditch and Hoxton. The area Rail Services) London Underground is hugely popular with occupiers Stations are approximately 1.2km to the in the technology-sector and south east and south west respectively. creative industries. Hackney Road Hackney Road is well served by buses has a burgeoning retail offering and west towards the City of London Broadway Market and Columbia and the West End, and east towards Road Flower Market are both nearby. Hackney and other areas of East A number of small supermarkets are London. located in the immediate vicinity. The open spaces and leisure facilities of Haggerston Park are just 200m to the east and Regents Canal and the cafes and pubs along it’s towpath is a short walk 400m north of the site. NOTE:- Reproduced from the Ordnance Survey100022432 SavillsMap (UK)with Ltd.NOTE:- Publishedthe for thepermission purposes of identification of theonly and althoughController believed to ofbe correctH.M. accuracyStationery is not guaranteed. Office.© Crown copyright licence number 211-227 Hackney Road, London, E2 8NA
Description The property comprises a building originally constructed as a cinema in the 1930’s, which has most recently been is use as a Bingo Hall. We understand that the building extends to approximately 2,624 sq m (28,251 sq ft) GIA and is equivalent to approximately 5 storeys at the western part of the site and 3 storeys at the eastern end. Internally, the building is arranged as ground floor, balcony and upper balcony levels. A car park is situated to the rear of the building. The site extends to approximately 0.23 hectares (0.56 acres). The site is bounded to the east by Scawfell Street, to the west by Dawson Street and to the north by buildings fronting those two streets. To the immediate south is Hackney Road.
Junction of Hackney Road and Dawson Street
Haggerston Park Box Park, Shoreditch Hoxton Shops & Restaurants 211-227 Hackney Road, London, E2 8NA
CGI of indicative scheme 211-227 Hackney Road, London, E2 8NA
Existing Accommodation
Floor Level Gross Internal Area Sq ft Sq m Upper Balcony 4,447 413 Balcony 8,861 823 Ground 14,943 1,388 Total 28,251 2,624
Planning The property is located within the London Borough of Hackney. It is not statutorily listed nor is it locally listed. It lies within the Hackney Road Conservation Area.
There is potential for the demolition or conversion of the existing building to deliver a number of uses including residential subject to the necessary consents.
There is a planning appraisal and details of initial massing studies undertaken by the vendor available on the online dataroom.
Tenure and Overage The property is for sale Freehold, subject to three telecoms leases. The principle tenant has vacated and the building is unoccupied. There is a restriction on the Freehold Title relating to a planning overage agreement made with the previous tenant. The agreement provides for a sum to be paid to the previous tenant based on the Net Sales Area permitted by a planning permission, less 46,000 sq ft, multiplied by £28. The Planning Overage Deed is available on the online dataroom.
VAT The Property is elected for VAT.
EPC The Property has been classified as having an EPC rating of E. The full EPC report is available in the dataroom.
Dawson Street and Hackney Road Elevations 211-227 Hackney Road, London, E2 8NA Shoreditch Redevelopment / Refurbishment Opportunity
Method of Sale and Guide Price The property is for sale freehold, subject to the existing tenancies, by way of informal tender (unless sold prior). The guide price is Offers in Excess of £13,000,000.
Further Information Further information is available at: www.savills.com/hackneyroad
Viewings Viewings are strictly by appointment, please contact the joint sole selling agents to make an appointment.
Contact Savills Lewis & Partners Darren Arnold Stephen Raingold 020 7409 9926 020 7580 4333 [email protected] [email protected]
Sean Cooper Steven Lewis 020 7409 9948 020 7580 4333 [email protected] [email protected]
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | August 2015