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East London Development / Investment Opportunity

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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 4 98 PO 03 3 4 96 394 33a 39 9 97 to b 2 39 c 35 37 3 3 El 90 3 Sub 86 38 Sta 8 93 3 3 Wa 84 MARE STREET r LB d B 22 dy 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 74 17 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 Q 3 15 ue 56 Directly to the east is St John at Hackney 3 Rectory 66 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 64 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). PDF created with pdfFactory trial version www.pdffactory.com 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 Data provider : Ordnance Survey Data provider copyright : © Crown Copyright 2010. All rights reserved. Licence Number 100047514 N LB MARE STREET St John's Day Nursery 9 8 UP 3 b 7 8 3 376 a 7 8 3 374 17 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 1 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 N Kitchen First Floor GIA First Floor GIA A: 75.877 m2 A: 171.067 m2 WAREHOUSE DN 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.
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