Offers in region of
£900,000
(£437.32/sq. ft)
Property for sale493 Cambridge Heath Road, Hackney, London E2
2,058 sq. ft
About this property
Located in a busy retail parade just a few minutes walk away from Cambridge Heath Station
Total Gross Internal Area of 2,058 sq ft / 191.2 sq m
Commercial unit newly refurbished and let on a 10-year Fri lease from November 2025 at an initial rent of £28,000 per annum
2 x 1-bedroom flats both let on rolling ASTs let at a combined value of £40,800
Fully let investment producing £68,800 per annum reflecting a 7.64% gross yield and an attractive capital value of £437 per sq ft
Attractive purchase for continued investment purposes and improving total rental income
Scope for additional massing / upward extension subject to necessary planning consents
The property is a mixed-use building, consisting of a self-contained retail space on the ground and lower ground floors, with two residential flats above.
The retail unit benefits from plenty of natural light, high ceilings, WC facilities, and excellent transport links, making it a versatile space for various business types.
With strong investment and development potential, this property is a great opportunity for buyers looking to add value, whether through refurbishment, redevelopment, or rental income. Its prime location and mixed-use setup make it an attractive choice for both investors and developers.
Location
The freehold premises is located on the west side of Cambridge Heath Road, close to Hackney Road.
With easy road access into central London and excellent public transport links, the area is in strong demand for both work and leisure. Bethnal Green Underground Station on the Central line is just a short walk away, offering fast connections to the City and the West End. Cambridge Heath Station is approximately a 2-minute walk, served by the Weaver line. Several bus routes also run through the area, making travel across London straightforward and convenient.
The areas itself is surrounded by a vibrant mix of independent shops, cafés, and cultural venues.
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