Offers over
£5,950,000
(£409.50/sq. ft)
Office for sale9 - 15 Helmsley Place, 9-15 Helmsley Place, London E8
14,530 sq. ft
Freehold
About this property
Class E
Freehold
Fully Let & Income Producing
Excellent Transport Links
Description
Constructed in 2021,9-15 Helmsley Place, is a mixed-use development located in the heart of London Fields, comprising both commercial and residential accommodation. The property is arranged over four storeys, with high specification Class E commercial accommodation on the ground, mezzanine and first floors benefitting from exposed services and up to 4.5m ceiling heights. There are eight luxury residential apartments across the second and third floors, all of which are held or have been sold on Long Leasehold interests. The commercial element is fully let to Bloodline Gym and Studio Nicholson producing a total rent of £417,716 per annum.
Offers are invited at £5.95 million for the Freehold interest. This reflects a Net Initial Yield of 6.58% and a capital value of £409 per sq ft assuming purchaser’s costs of 6.62%.
Location
The premises are located within a prime position in London Fields. Landsdowne Drive Hackney has become an outstanding lifestyle and cultural destination which is becoming increasingly sought after. There are a number of bars and eateries in the area including Mare Street Market, E5 Bakehouse, Pophams, Café Cecilia and The Hive.
Constructed in 2021,9-15 Helmsley Place, is a mixed-use development located in the heart of London Fields, comprising both commercial and residential accommodation. The property is arranged over four storeys, with high specification Class E commercial accommodation on the ground, mezzanine and first floors benefitting from exposed services and up to 4.5m ceiling heights. There are eight luxury residential apartments across the second and third floors, all of which are held or have been sold on Long Leasehold interests. The commercial element is fully let to Bloodline Gym and Studio Nicholson producing a total rent of £417,716 per annum.
Offers are invited at £5.95 million for the Freehold interest. This reflects a Net Initial Yield of 6.58% and a capital value of £409 per sq ft assuming purchaser’s costs of 6.62%.
Location
The premises are located within a prime position in London Fields. Landsdowne Drive Hackney has become an outstanding lifestyle and cultural destination which is becoming increasingly sought after. There are a number of bars and eateries in the area including Mare Street Market, E5 Bakehouse, Pophams, Café Cecilia and The Hive.
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