Guide price
£525,000
(£720.16/sq. ft)
Retail premises for saleStoke Newington Church Street, London N16
729 sq. ft
About this property
The unit is located on Stoke Newington Church Street, opposite the junction with Wilmer Place. The local area is predominantly residential and benefits from a good number of boutique and national operators on the street.
Neaby occupiers include Foxtons, Whole Foods Market, Mind and Pret A Manger.
Description
The unit is arranged over ground floor and basement, occupying an end of terrace position.
Tenure
Freehold.
The residential upper parts have been sold off on a long leasehold from January 2014, at a ground rent of £250 per annum. This doubles every 25 years.
Price
Offers in the region of £525,000, which represents a Net Initial Yield of 6.86%, after deducting purchaser’s costs.
Commercial tenant - The Air Ambulance Service Trading Ltd
Use - Class E
Lease start 25/10/2013
Lease end 24/10/2028
Review pattern - 5 yearly
Rent £37,500 pax
Ground rent from upper parts is £250 pa.
Neaby occupiers include Foxtons, Whole Foods Market, Mind and Pret A Manger.
Description
The unit is arranged over ground floor and basement, occupying an end of terrace position.
Tenure
Freehold.
The residential upper parts have been sold off on a long leasehold from January 2014, at a ground rent of £250 per annum. This doubles every 25 years.
Price
Offers in the region of £525,000, which represents a Net Initial Yield of 6.86%, after deducting purchaser’s costs.
Commercial tenant - The Air Ambulance Service Trading Ltd
Use - Class E
Lease start 25/10/2013
Lease end 24/10/2028
Review pattern - 5 yearly
Rent £37,500 pax
Ground rent from upper parts is £250 pa.
Mortgage calculator
Monthly repayment
£2,626 per month
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