69-73 Dalston Lane & 1-7 Martel Place London E8
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69-73 DALSTON LANE & 1-7 MARTEL PLACE LONDON E8 RARE MIXED USE CAMPUS IN ONE OF LONDON’S FASTEST GROWING DISTRICTS INVESTMENT SUMMARY » Virtual Freehold. » A highly sought-after multiple award winning Waugh Thistleton Architects designed office campus completed in June 2017, providing contemporary commercial and residential accommodation. » Located in the heart of fashionable Dalston, one of London’s most up and coming districts. » Impressive 33,080 sq ft (3,073 sq m) campus of mixed use office, leisure and retail accommodation. » Highly efficient and flexible units benefiting from an abundance of natural light. » One of the world’s largest CLT structures achieving a ‘BREEAM Excellent’ meeting institutional grade ESG targets. » Impressive landscaped courtyard. » Multi-let to seven tenants producing a topped up passing rent of £945,788 per annum reflecting a low average rent of £28.59 per sq ft. » The WAULT to expiry is 8.44 years and 4.25 years to break on the contracted income. » Offers are invited in excess of £14,770,000 subject to contract and exclusive of VAT. This reflects a capital value of £446 per sq ft and a highly attractive NIY of 6.00% assuming purchaser costs of 6.73%. 2 LOCATION DALSTON HACKNEY KINGSLAND DOWNS Situated in a thriving district of East London, Dalston has rapidly developed into one of London’s most chic pockets of London’s DALSTON JUNCTION Eastern Fringe market. Since the £160m redevelopment of Dalston Square and Dalston Junction Overground Station in 2011, the locality has attracted major investment and HIGHBURY LONDON FIELDS development from a wide range of renowned & ISLINGTON developers. Located in the eastern section of London’s Eastern Fringe market, Dalston is Hackney Borough’s largest “village,” sandwiched between Hackney to the east, Islington KING’S CROSS / ST PANCRAS ANGEL to the west and Haggerston to the south. HAGGERSTON Dalston has become increasingly attractive to numerous tech, media and creative occupiers who are capitalising on Dalston’s proximity to Old Street Roundabout, dubbed “Silicon BETHNAL GREEN Roundabout” and the City of London, both OLD STREET 1.60 & 2.40 miles to the south respectively. Dalston benefits from an exceptional amenity offering with an eclectic mix of retailers, leisure occupiers and open spaces, including Dalston Eastern Curve Garden. This appealing blend of commercial and leisure amenities has elevated Dalston into becoming an attractive place to work and socialise. SHOREDITCH HIGH STREET LIVERPOOL STREET 4 The rise of Dalston continues with the arrival of national chains including Marks & Spencer, Pret A Manger and Tortilla. Dalston has firmly become an established office location for many creative, tech and media occupiers who are seeking a young, diverse and social environment in keeping with the modern workplace ethos. Dalston has undergone major regeneration in DALSTON recent years with a number of large mixed use developments completing. The area is defined by a unique mix of modern high quality urban DALSTON IS ONE OF EAST architecture and traditional building heritage. LONDON’S MOST VIBRANT Dalston has a flourishing and renowned FRINGE LOCATIONS WITH A mix of restaurants, bars and boutique shops. THRIVING YOUNG AFFLUENT Stand-out independent eateries include Mildred’s, Busty Knuckle Baker and the DEMOGRAPHIC. Michelin Starred Angelina. 6 1 2 LOCAL DEVELOPMENTS 7 8 THE PAST, PRESENT & FUTURE Synonymous with London’s creatives, Dalston is undergoing a radical transformation into one of London’s most diverse and electric districts. DALSTON SQUARE & THE VIBE, 36 BEECHWOOD ROAD, 230 DALSTON LANE & TRAVIS PERKINS, DALSTON JUNCTION STATION, E8 DALSTON, E8 Recent investment and proposed developments have led to Dalston HACKNEY DOWNS STATION, E8 111 DALSTON LANE, E8 becoming an increasingly attractive location for a new breed of Date: 2011 Date: 2016 Allocation: Mixed Use Allocation: Mixed use Status: Completed Status: Completed occupiers and businesses. Local Plan: Yes Local Plan: Yes Developer: Barrett Homes, Hackney Developer: Telford Homes Policy No.: HC12 Policy No.: HC11 Council & London Development Agency Architect: Rock Townsend Status: Pre-application discussions for mixed Status: allocation for employment led Architect: Arup Associates Scheme: Award winning mixed use us development for a 4-6 storey building mixed us scheme with a provision for 40 Scheme: £160m ground breaking development comprising 101 luxury comprising 45 residential units, 10,000 sq ft residential units and commercial development in Dalston including £50m on apartments & a new 35,000 sq ft D1 of commercial accommodation, accommodation. the redevelopment of Dalston Junction facility. The scheme included significant improvement of public realm and creation Station.8 The scheme included 500 new public realm space of new station entrance. homes, a library, public green space, leisure & retail amenities. A M H U R S T R O HACKNEY DOWNS 3 4 A 9 10 D D A O R N D O A T O G R N Y I R W U E B N M E E P K DALSTON CURVE FIFTYSEVENEAST, 51-57 O 5 KINGSLAND SHOPPING CENTRE, RIDLEY ROAD MARKET, E8 T GHAM ROAD S SANDRIN 33A KINGSLAND HIGH STREET, E8 KINGSLAND HIGH STREET, E8 KINGSLAND HIGH STREET, E8 Date: 2017 Date: 2018 Allocation: Mixed use Allocation: Mixed Use Status: Completed Status: Completed 6 Local Plan: Yes Local Plan: Yes Developer: Taylor Wimpey Architect: Jestico + Whiles Policy No.: D5 Policy No.: D6 8 4 10 Architect: RMA Architects Developer: Taylor Wimpey 7 Status: The site has been designated as a Status: Planning is under way for the DALSTON LANE Scheme: Mixed use development Scheme: Mixed use scheme comprising 98 major redevelopment site suitable for a redevelopment of Ridley Road Market. The T S comprising 106 apartments arranged 1,2 & 3 bedroom luxury apartments with 9 large scale mixed use scheme comprising scheme designed by Jestico + Whiles E H N G I across two towers and 15,000 sq ft of retail an additional 11,400 sq ft of prime retail E A residential, office, retail and leisure Architects, will provide high quality H C L A L PL D E N and leisure accommodation at ground accommodation fronting Kingsland High ART accommodation. residential, retail and commercial N M O T A S floor level. Street. L accommodation. L S 3 A G D N I OAD B 11 GRAHAM R ALLS K POND ROA D LANE STON DAL G RAH AM ROA 5 6 12 D 11 12 D D A A O O R R 1 D E G N A D I L R S B G S N I N E K E 2 U Q KINGSLAND LOCKE APARTHOTEL, BRADBURY STREET & 2-16 ASHWIN STREET, 16-22 DALSTON LANE, 130 KINGSLAND HIGH STREET, E8 GILLET SQUARE, DALSTON, E8 11-15 DALSTON LANE, E8 62 BEACHWOOD ROAD, E8 Date: 2020 Date: 2021 Allocation: Mixed Use Allocation: Mixed Use Status Completed Status: Under Construction Local Plan: Yes Local Plan: Yes LONDON FIELDS Architect: Barton Willmore Architect: Hawkins/Brown Architects Policy No.: D8 Policy No.: D10 Developer: Edyn Developer: Hackney Co-operative Status: Designated for mixed use Status: Allocation for redevelopment to Scheme: A mixed use development Developments development with uses consisting of provide a mix of retail, cultural, residential comprising a new aparthotel with 121 Scheme: Mixed use scheme to create commercial, residential and community and commercial space. Community use is studios and 1 bedroom apartments across 16,000 sq ft of affordable creative amenity space. to be retained in part of the ground floor. 5 floors. The development will also include accommodation with an additional 7,000 a gym, cocktail bar, Kraft brewery and sq ft of retail and leisure use. A large co-working space for 152 guests. square will create an attractive public realm for the community. A M H U R S T R O A HACKNEY DOWNS 30 D SITUATION D A O R N D O A T O G R N Y I R W U E B N M E E P K Dalston Works is located on a prominent 17 O T GHAM ROAD S SANDRIN position on Martel Place in the heart of 15 21 Dalston and is a short five minute walk from 16 Dalston Junction, Dalston Kingsland Road 18 HACKNEY DOWNS and Hackney Downs Overground Station. 34 22 36 DALSTON LANE The property is ideally located a 3 minute DALSTON KINGSLAND 12 T 28 S walk to the west of Kingsland Road Shopping 13 E H N G Centre. It is further enhanced by its close I 33 E A H C L A 31 L PL D 19 20 E N proximity to the Barrett’s Homes, Dalston ART N 32 M O HACKNEY CENTRAL 27 T A S L 2 Square development and is adjacent to L S 1 A G D recently completed Dalston Terrace complex. N I 14 9 10 11 OAD B 7 GRAHAM R ALLS K POND ROA D LANE STON The campus benefits from a range of cafés, L DA 35 G DALSTON JUNCTION RAH 8 AM ROA bars and restaurants in the immediate D 24 23 vicinity. Popular local hot spots includes the 37 5 3 likes of Dalston Eastern Curve Garden, All 4 6 D Press Coffee Roastery and Angelina. 26 A O R D E A G O D I R R B D S N N A E L E S 25 U G Q N I K 29 LONDON FIELDS DE BEAUVOIR SQUARE LOCAL OCCUPIERS LONDON FIELDS 1 Arcola Theatre 11 Sang Bleu London 21 Rio Cinema 31 Pret-a-Manger 2 Dalston Eastern Curve Gardens 12 Ridley Road Market 22 The Railway Tavern 32 Pizza Union 3 Reilly Rocket Cafe 13 Kingsland Shopping Centre 23 The Victoria Dalston 33 Tortilla 4 Dalston Square 14 Farr’s School of Dance 24 Hackney Empire 34 Marks & Spencer 5 Cafe Route 15 The Roost 25 Lardo 35 Angelina 6 Dalston CLR James Library 16 Voodoo Ray’s 26 Hackney Town Hall 36 Ridley Road Market Bar 7 Allpress Espresso & Cafe 17 Dalston Superstore 27 Oslo Hackney 37 Mildreds 8 The Terrace - Dalston Lane 18 The Vortex Jazz Club 28 The Blue Studio 9 Street Feast 19 Cafe Oto 29 London Fields Lido 10 Premier Inn 20 Dalston Roof Gardens 30 The Shackwell Arms 10 CONNECTIVITY Dalston Works benefits from excellent connectivity being in close proximity to multiple overground stations.