Offers over
£2,750,000
(£460.17/sq. ft)
Retail premises for sale110A-120B Lower Clapton Road E5, 110A Lower Clapton Road, London
5,976 sq. ft
About this property
Freehold
Prominent retail parade with a 75 metre frontage onto Lower Clapton Road
Comprises 5,976 sq ft across 11 retail units
Fully let to 11 tenants at passing rent of £172,500 per annum reflecting £28.87 psf
WAULT to expiry 3.28 years
Residential apartments on the upper floors are sold off on a long leasehold with a total ground rent payable of £41,000 pa
Planning permission granted for two residential apartments at the rear of the property
All Section 106 and cil payments in respect of the consented scheme have been made in full
110-120b Lower Clapton Road comprises a parade of 11 ground and lower ground floor retail units which are let to independent retailers. There is a concrete yard at the rear of the asset that has planning permission for two residnential flats.
The residential upper parts are not sold off on a long leasehold with a total ground rent payable of £4,100 pa.
Location
110a-120b Lower Clapton Road is prominently situated on the eastern side of Lower Clapton Road. It is one of the area's busiest retail and residential thoroughfares, within walking distance of Hackney Downs Park to the south and Clapton Pond to the north.
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