Office for sale in Chatsworth Road, London E5

Key Points

Description

A mixed use freehold investment for sale in the heart of Clapton, on the popular Chatsworth Road. The property is comprised of a ground floor (Class E) commercial space, a one double bedroom apartment on the 1st floor with it's own roof terrace, and a two double bedroom duplex on the 2nd and 3rd floors.

The flats have recently undergone an extensive refurbishment which are finished to an impeccable standard throughout. The tenant of the commercial space, Hidden Planet Studio, will be conducting their own fit out which will be used for retail purposes selling plants, illustrations, books, and stationery. The property is fully let to 3 separate tenants and provides an annual income of £92,600 per annum.

Location

Chatsworth Road is a thriving street in an area which has seen significant regeneration over the last decade. It is home to numerous new artisan and independent shops which complement the traditional traders, several bars and restaurants and a popular Sunday market. The unit is toward the southern end of the street, close to Homerton hospital and less than half a mile from Homerton Overground station.

Terms

The freehold is available to purchase on an unconditional basis, subject to an asking price of £1,725,000. All other terms and conditions by negotiation.

Availability_Text

The accommodation comprises of the following

Tenancy Schedule

The commercial unit is let to, Hidden Planet Studio Ltd, on a 10 year lease outside the Landlord & Tenant Act 1954, which commenced September 2022 at a rent of £35,000 per annum. A mutual break clause and rent review are agreed on the 5th year. Both flats are let on 12 months AST's starting November 2022. The rent for the 1 bed apartment is £25,800 pa, and £31,800 pa for the 2 bed apartment.