Guide price
£800,000
(£709.85/sq. ft)
Retail premises for saleChatsworth Road, London E5
1,127 sq. ft
About this property
Reversionary rent
Strong trading position
Location
The property is located on Chatsworth Road, at the junction with Blurton Road. The street has improved over the years to provide a selection of established brands and boutique operators. Locally, the area is predominantly residential and benefits from being situated approximately 600 metres from Homerton Station.
Neaby amenities include Homerton University Hospital and Hackney Marshes.
Description
Both shops are arranged over ground floor only, with the corner unit benefiting from a return frontage.
Number 70 has recently been granted some extra storage space at the rear of the property.
The residential upper parts has been sold off on long leaseholds at peppercorn ground rents.
Tenure
999 year long leasehold with a share of freehold.
Price
Offers in the region of £800,000, which represents a Net Initial Yield of 6.99%, after deducting purchaser’s costs, and a reversionary yield of 7.11%.
Building Type
Class E use
VAT
The premises are not elected for VAT
EPC Rating
c-72
Address Tenant Use Size Lease start Lease end Next review Break clause Rent Comments
70 Chatsworth Road Hackney Barkers Limited Class E 577 sq ft 19/10/2021 18/10/2031 19/10/2026 £31,500 Rent incrasing to £32,500 at next review
72 Chatsworth Road Mind (The National Association for Mental Health) Class E 550 sq ft 15/02/2024 14/02/2034 15/02/2029 Tenant only on 15/02/2027 & 15/02/2030 £27,500
Total £59,000
The property is located on Chatsworth Road, at the junction with Blurton Road. The street has improved over the years to provide a selection of established brands and boutique operators. Locally, the area is predominantly residential and benefits from being situated approximately 600 metres from Homerton Station.
Neaby amenities include Homerton University Hospital and Hackney Marshes.
Description
Both shops are arranged over ground floor only, with the corner unit benefiting from a return frontage.
Number 70 has recently been granted some extra storage space at the rear of the property.
The residential upper parts has been sold off on long leaseholds at peppercorn ground rents.
Tenure
999 year long leasehold with a share of freehold.
Price
Offers in the region of £800,000, which represents a Net Initial Yield of 6.99%, after deducting purchaser’s costs, and a reversionary yield of 7.11%.
Building Type
Class E use
VAT
The premises are not elected for VAT
EPC Rating
c-72
Address Tenant Use Size Lease start Lease end Next review Break clause Rent Comments
70 Chatsworth Road Hackney Barkers Limited Class E 577 sq ft 19/10/2021 18/10/2031 19/10/2026 £31,500 Rent incrasing to £32,500 at next review
72 Chatsworth Road Mind (The National Association for Mental Health) Class E 550 sq ft 15/02/2024 14/02/2034 15/02/2029 Tenant only on 15/02/2027 & 15/02/2030 £27,500
Total £59,000
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