Offers in region of
£520,000
(£370.37/sq. ft)
Retail premises for sale237 Mare Street, London Fields, London E8
1,404 sq. ft
Leasehold
About this property
Good Footfall
Great Transportation Links
Good Natural Light
Close Proximity to London Fields
Long Leasehold - 999 Year Lease
Description
The available asset is a self-contained retail premises spanning the ground floor and basement levels of a mixed-use building in the vibrant London Fields area. The property benefits from good natural light, strong transport connectivity, and high footfall, making it an attractive location for businesses. The lease for the property has recently been renewed with an established nail salon operator who has been a tenant for over a decade. The new lease term extends for a further 15 years and is outside the Landlord and Tenant Act 1954. The property secures a passing rent of £30,000 per annum.
Location
The property is situated in a prominent position of Mare Street, benefiting from excellent transport links. London Fields Overground station is a short two-hundred-meter walk away, offering regular 10-minute journeys to Liverpool Street. Additionally, Hackney Central Overground Station is within walking distance, granting easy access to various London Underground Stations. Notably, Highbury & Islington is a quick 7-minute train ride West from Hackney Central, while Stratford lies just 13 minutes to the East.
Viewings
Strictly by appointment only.
Terms
Long Leasehold - 999 Year Lease (aka. Virtual Freehold)
VAT
Not Applicable
Tenancy Details
Nature of the business: Established Nail and Beauty Operator
Lease: 15 Year Lease Outside the Act 1954 - Renewal
Passing Rent: £30,000 per annum
Ground Rent
Peppercorn
The available asset is a self-contained retail premises spanning the ground floor and basement levels of a mixed-use building in the vibrant London Fields area. The property benefits from good natural light, strong transport connectivity, and high footfall, making it an attractive location for businesses. The lease for the property has recently been renewed with an established nail salon operator who has been a tenant for over a decade. The new lease term extends for a further 15 years and is outside the Landlord and Tenant Act 1954. The property secures a passing rent of £30,000 per annum.
Location
The property is situated in a prominent position of Mare Street, benefiting from excellent transport links. London Fields Overground station is a short two-hundred-meter walk away, offering regular 10-minute journeys to Liverpool Street. Additionally, Hackney Central Overground Station is within walking distance, granting easy access to various London Underground Stations. Notably, Highbury & Islington is a quick 7-minute train ride West from Hackney Central, while Stratford lies just 13 minutes to the East.
Viewings
Strictly by appointment only.
Terms
Long Leasehold - 999 Year Lease (aka. Virtual Freehold)
VAT
Not Applicable
Tenancy Details
Nature of the business: Established Nail and Beauty Operator
Lease: 15 Year Lease Outside the Act 1954 - Renewal
Passing Rent: £30,000 per annum
Ground Rent
Peppercorn
Mortgage calculator
Monthly repayment
£2,601 per month
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