East London Development / Investment Opportunity

EAST LONDON DEVELOPMENT / INVESTMENT OPPORTUNITY

364 & 364a Mare Street, Hackney, London, E8 1HR

Queen Elizabeth Stadium

Hackney Wick

Victoria Park

OVERGROUND Homerton Overground Station

OVERGROUND Hackney Central Overground Station 364 Mare Street

■■Mixed use development/investment opportunity in central Hackney, East London ■■The Property comprises; - A retail unit (364) on the ground floor and basement with extensive ancillary storage on the first floor to the rear. - Additional warehouse storage over ground and first floors. - Four residential flats above over first and second floors. - A single storey lock up shop (364A) ■■The property comprises a total Gross Internal Area of 9,774 sq ft (908 sq m) ■■Approximately 150 metres (0.1 miles) north of Hackney Central Overground station ■■For sale freehold

savills.co.uk

4 00

05 3

98 PO

03 3

96 394

33a

97 to

b 2 39 c 35 37 3

3 El 90

3 Sub

38 Sta

8 93

3 3 Wa

MARE STREET r LB d B 22

89 St John's Day Nursery Location 3

G b OULD TERRACE The property is situated on the eastern 387 side of Mare Street, within the London

Borough of Hackney. Hackney is bounded 7a

376 8 by Homerton to the east, Dalston to the 3

west, Clapton to the north and South 3

Hackney to the south. The immediate 87

3 1

3 surrounding comprises a mix of retail and 72 residential accommodation. The property

3 uts fronts Mare Street which offers a range of 70 Sco local shops, restaurants and cafés. Hall 356

3 15 ue 56 Directly to the east is St John at Hackney 3 Rectory

s 5 Church while approximatelyt 1.5 miles (2.4 ed km) further east lies Victoria Park, providing 86 hectares of public openCou space. 3

rt TCB

The Property is approximately 150 north of 75 3

Hackney Central Overground station which

11 offers services to Stratford (10 minutes) 373

and Liverpool Street (21 mins) (Source: 10

National Rail). The nearest underground 3

58 71 services are from Stratford (Central line) 3 and Highbury and Islington (Victoria line) (Source: TFL). The area benefits from an extensive bus service providing services to 369 Grave

Euston and Holloway to the west, Finsbury 67 Yard

3 Rowe Park to the north west, Leyton to the north

Chapel east and Walthamstow to the north. The 365 Tower site is situated approximately 2.3 km (1.4 (site of)

miles) west of the A12 and approximately 363 1.7km (1.1 miles) east of the A10.

3 NOTE - Published for the purposes of identification only and 54although believed to be correct its accuracy is not guaranteed. 359 TCB Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown14.7m copyright licence number 100024244 Savills (UK) Limited. Description 3 54

The main building (364) comprises a three 57 storey building, basement and ground 3 floor retail with extensive ancillary storage over the first floor to the rear. Additional warehouse storage is provided over Shelter

51 PC ground and first floors. 6 3 to 18

There are four residentialA flats over the first and second floors MHURSTwhich are accessed TCBs TCB

separately off Mare Street. 45 ROAD 3

There is a single lock up shop known0m 10m 20m 30m 3

52 El Sub Sta

as 364A, currently occupied by Style 341 343 3

Inn Fashion. PH 52a Ordnance Survey © Crown Copyright 2017. All rights reserved. The property comprises a total Gross Licence number 100022432. Plotted Scale - 1:1000 Internal Area of 9,774 sq ft (908 sq m).

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NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. 364a Mare Street Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited. Property Address Floor Total Area (GIA) Rent (per annum) Lease Details

Retail Sq ft Sq m

Basement No lease in place - occupied by owner / 364 Mare St Ground 5,877 546 N/A Vacant possession to be provided on or before 1st completion

Style Inn Fashion 364a Mare St Ground 581 54 £14,400 Inside the L&T (Style Inn Fashion) 1954 Act

Ground & 1st Vacant possession to be Warehouse 1,819 169 N/A provided on or before Floors completion

Sub-total 8,277 769 Residential Sq ft Sq m

Flat 1A (rear) 1st 377 35 N/A Vacant

Flat 1B (front) 1st 334 31 £10,400 Let on an AST

Flat 2 (front) 2nd 398 37 £13,200 Let on an AST

Flat 3 (rear) 2nd 388 36 £13,000 Let on an AST ASTs maybe subject to Sub-total 1,497 139 change during the sales process. Copies of the TOTAL 9,774 908 available leases can be found in the data room

Planning The property falls within the jurisdiction of the London Borough of Hackney. It is not statutorily or locally listed. It is located within the Clapton Square Conservation Area. The existing use is considered as Class A1 (Retail) use and C3 (Residential) Use.

Planning consent was granted on 5th September 2007 for the conversion of existing residential unit at first and second floors to provide 3 x self-contained flats (comprising 1 x two bedroom and 2 x one bedroom flats); and rear extension at second floor level. We note that flat 1A Rear view to St John at Hackney Church has subsequently been split to provide 2 x one bedroom flats without the necessary consents.

The site to the rear of the property was purchased by Thornsett, who received planning permission (Planning reference 2012/3345) for a 50 unit scheme which is currently under construction.

A planning report has been prepared by Savills Planning which sets out the specific policies affecting the site. We consider the property is suitable for various uses including residential subject to the necessary consents. Rear elevation Existing Floorplans

LB MARE STREET

St John's Day Nursery

9 8

UP 3

7 8 3

376

a 7 8 3

374

7 8 3

372 Ground Floor GIA

370

A: 68.149 m2 Scouts 6 5 Hall 3

WAREHOUSE 356 15

366

Ground Floor GIA 364

TCB

5 7 A: 25.020 m2 3

Ground Floor GIA UP WAREHOUSE 1

3 7 3

2 0

A: 317.706 m 1

358

1 7

N 3 9 6 3 Grave

Yard

7 6 3 Rowe

Chapel

5 6 3

Ground Floor GIA Tower (site of)

3 6 3 A: 53.566 m2

RETAIL AREA

0 5 10 15 20 30 40

Basement GIA A: 49.687 m2 Location 1:1250 RETAIL AREA DN

Basement

364a 364 364

UP UP

Ground Floor Basement 0. Ground Floor 1:200 -1. Basement 1:200 Data provider : Ordnance Survey Data provider copyright : © Crown Copyright 2010. All rights reserved. Licence Number 100047514 = Extent of Demise

Address: 364 Mare Street London jp-plans.co.uk E1 8HR Scale 1:200 & 1:1250 Date 29/05/2018 0 1 2 3 4 5 Copyright JP Plans.co.uk Drawing number: Project Retail & Flats Page Size - A3

Kitchen

First Floor GIA First Floor GIA

A: 75.877 m2 A: 171.067 m2 WAREHOUSE

Living Room/Kitchen Living Room Kitchen Flat 1A GIA Flat 3 GIA

A: 35.437 m2 A: 36.488 m2

Bathroom Shower 1A Room 3 Bedroom Bedroom

Bathroom Bathroom

Kitchen 1B D 2 D N N Flat 1B GIA Flat 2 GIA

A: 30.923 m2 A: 36.848 m2 Bed/Living Room Kitchen Bedroom Living/Dining Room

U P

1. First Floor First Floor 1:200 2. Second Floor Second Floor 1:200

= Extent of Demise

Address: 364 Mare Street London jp-plans.co.uk E1 8HR Scale 1:200 & 1:1250 Date 29/05/2018 0 1 2 3 4 5 Copyright JP Plans.co.uk Drawing number: Project Retail & Flats Page Size - A3 Method Of Sale EPC Further Information The property is for sale freehold by way of The EPC ratings for the buildings range Further technical information relating to the informal tender (unless sold prior). from C to D. The full EPC reports are property is available at available in the data room. www.savills.com/ 364Marestreet To be sold subject to the current leases. Sale particulars produced May 2018 VAT Viewings Viewings are strictly by appointment. All offers should be exclusive of VAT which Please contact the sole selling agents to may be charged on the purchase price. make an appointment. Contact Darren Arnold Alex Soskin Hugh Bushell +44 (0) 20 7409 9926 +44 (0) 207 409 9993 +44 (0) 207 075 2860 [email protected] [email protected] [email protected]

Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. 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.

Savills 33 Margaret Street London W1G 0JD +44 (0) 207 409 8088

savills.co.uk