Clarendon House, 117 George Lane, South Woodford, London E18 1AN t. 020 8989 8313 f. 020 8989 4616 www.adamsteinandco.co.uk @. [email protected]
OF LIKELY INTEREST TO EITHER COMMERCIAL OWNER OCCUPIERS OR INVESTORS
RARELY AVAILABLE DOUBLE FRONTED FREEHOLD FOR SALE IN A SUPERB LOCATION
(MAY LET)
263-265 HACKNEY ROAD LONDON E2 8NA
3,060 sq.ft. (284.25 sq.m.) Plus additional rear storage of 368 sq.ft. (34.18 sq.m.)
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These particulars do not constitute an offer or contract. No responsibility is accepted by Adam Stein & Co. Ltd (and/or their joint agents where applicable) as to the accuracy of these particulars or statements contained herein. Applicants should satisfy themselves as to the correctness of the details. All rents/prices/premiums quoted are exclusive of VAT (where applicable).
Location: The building occupies a highly prominent corner position in the heart of Hackney Road (A1208) at the Yorkton Street junction.
This is an extremely vibrant location being moments away from Columbia Road and Shoreditch High Street.
Approximate key travelling distances are set out below for guidance purposes only:
Shoreditch High Street Rail Station – 1 mile Haggerston Station – 0.8 mile Cambridge Heath Rail Station – 0.6 mile Hoxton Station – 0.3 mile
Additionally, there are three bus routes that pass the subject property as follows*:
26/N26 destination Waterloo 48 destination London Bridge 55/N55 destination Oxford Circus
* Information provided by TfL
Accommodation: The available accommodation comprises of two interconnecting ground floor units with basements in excellent decorative order and currently used as offices and showrooms with basement storage.
There is a small rear outbuilding included which is being used as secure storage with access directly off Yorkton Street.
We understand that the upper floors comprise of 2x very large self-contained 3x bedroom split level maisonettes which are sold off on long leases producing a combined ground rent income of £100 per annum.
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Approximate floor areas as follows: Sq.ft. Sq.m.
Ground floor 2,333 216.72 Basement 726 67.44 Total 3,059 284.16
Rear Stores 368 34.18
Amenities: * Highly visible and prominent corner position * Extremely desirable location * Superb window frontage * Suspended ceiling with integrated lighting * WC and kitchenette * Dry secure basement storage * Fully carpeted * Rarely available freehold opportunity * Secure car parking to rear for 2/3 vehicles * Electric roller shutters
Terms
Tenure/Price: Freehold - offers in the region of £1,500,000 (One Million Five Hundred Thousand pounds) with vacant possession of the ground and basement floors as we as separate rear stores are being sought.
Leasehold - consideration would be given to a single letting of the entire or even per building (subject to covenant).
Full terms available upon request.
EXPRESSIONS OF INTEREST SUBJECT TO CHANGE OF USE WILL BE CONSIDERED
All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.
Planning: The premises are currently used as offices with showrooms and workshops together with rear stores. We understand from LBoHackney that there is no information on council records regarding the permitted use of the premises and we do not believe there is any specific planning policy in this parade therefore conditional offers subject to change of use for A1 (retail), A2 (financial and professional services), A3 (Restaurant and Café), A4 (Drinking establishment), A5 (Hot food takeaway), B1 (office) or D1 (Non-residential institution) would be considered. Interested parties are advised to make their own enquiries in this regard.
Business Rates: We are verbally advised that the business rates payable are £11,663.19 for the current year. Interested parties are encouraged to make their own enquiries to LBoHackney in this regard. 3./5
Legal Costs: Each party will be responsible for their own legal costs incurred in this transaction.
Possession: The Vendor may require a delayed completion of up to a maximum of 6 months from exchange.
NB: An EPC has been commissioned and will be available for inspection in due course.
Viewing: Strictly by arrangement via Freeholders sole agents as above.
Google streetview: https://www.instantstreetview.com/@51.531084,- 0.068463,343.41h,0.7p,0.28z
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5./5 Revised September 2017