Retail premises for sale in Dalston Lane, London E8

From £2,200,000 (£723.92/sq. ft)
Interested in this property? Call +44 20 3641 5038 * or Request Details

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Retail premises for sale 3,039 sq. ft*

Property description

Key Points

  • Freehold Sale
  • Investment/Development Opportunity
  • Income approx. £98,300 pa
  • Mixed Use Building
  • Description

    Five self-contained flats and a commercial unit situated within a mixed used building producing a total income of approx. £98,300 per annum. 9 flats within the block have been sold on long leaseholds and each produce a ground rent of £300 pa.

    The commercial unit is arranged on the lower ground floor and comprises an open plan office area with kitchenette and bathroom with a separately accessed office and store over the communal hallway. The unit benefits from a roof light to the main space with no natural light to the separately accessed meeting room or store. The flats are broadly arranged as 4 x one beds and 1 x two bed with the lower ground floor flats 2 & 3 having small terrace areas with the remaining ground floor flats not benefitting from any outside space. The property has a gated car park with space for 6 cars.

    Location

    The property is situated on the corner of Spurstowe Terrace and Dalston Lane and conveniently next door to Hackney Downs train station which provides London Overground and Greater Anglia line services. The surrounding area is a mix of residential flats and period housing with a Tesco Express neighbouring the property and secondary retail parades at the junction of Dalston Lane and Amhurst Road.

    Terms

    The freehold is available to purchase, subject to an asking price of £2,200,000. All other terms and conditions by negotiation.

    Planning

    Planning permission for the erection of a 2-storey extension to provide 6 residential units was recently refused by Hackney Council (ref no. 2021/0150). However, we have been advised that Hackney Council are in favour of 2 residential units on 1 floor being developed, subject to planning.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Fyfe Mcdade Ltd, EC2A on +44 20 3641 5038 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fyfe Mcdade Ltd, and do not constitute property particulars. Please contact Fyfe Mcdade Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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