Terraced house for sale in 276 Hackney Road, London, Tower Hamlets E2

For sale by auction 18/04/2024 £420,000 plus

long leasehold commercial investment currently producing £36,000 per annum.

Location & Description
The property is located on Hackney Road, close to Shoreditch, London Fields and Broadway Market, with good transport links with Hoxton, Liverpool Street and Shoreditch High Street Stations nearby.

The property comprises two separate units, with one being a retail unit fronting Hackney Road, and the other being an office unit with access to Ropley Street, located on ground and lower ground floors.

Accommodation
Ground Floor & Basement Retail: 202 Sq Ft (65.6 Sq M)
Lower Ground Floor Office:1,245 Sq Ft (115.7 Sq M)
Total Net Internal Area: 1,447 Sq Ft (134.5 Sq M)

Lease Details
Retail Tenant - 7 years from 06/05/2023 at £10,000 pa (With rent review in 2027, and break in 2028).

Office Tenant - 7 years from 06/05/2023 at £26,000 pa (With rent review in 2027, and break in 2028)

Tenure
The building is owned on a long leasehold, for a term of 125 years, expiring 18/09/2111 at a ground rent of £150 pa (until 2036).

Note
Auction Surveyor : Rob Hills Contact :

Investment Surveyor : Joe Tallis-Chisnall :

Equivalent to £36,000 p.a.

EPC Rating

B - London Terrace unit

E - Hackney Road unit