£570,000
(£712.50/sq. ft)
Retail premises for saleGround & Basement Floor Unit 1, 312 Hackney Road, Shoreditch, London E2
800 sq. ft
EPC Rating: F
Just added
Business
Freehold
About this property
Virtual freehold
Tenant in situ
7% yield
Shop for sale
Well-established occupier
Walking distance from Columbia Road
Great Transport Links
Estimated Rates Payable: £5364.25
Description
This self-contained retail/gallery unit spans the ground and lower ground floors of a modern building completed in July 2018, benefiting from excellent natural light and high footfall. The property is let to Hello Vet, a well-established and expanding veterinary practice, at £40,000 per annum, reflecting a 7% yield, on a 10-year lease from 11 November 2024, offering a secure investment opportunity.
Location
The property boasts a prominent location at the corner of Hackney Road and Columbia Road, famed for its flower market and array of boutique shops, restaurants, and popular pubs. Directly to the north are Hackney City Farm and Haggerston Park. The trendy Broadway Market is just a few minutes' walk away, while Shoreditch lies 12 minutes to the west and Victoria Park 15 minutes to the east.
The area is well-served by numerous bus routes to the City and Central London, and Hoxton Overground Station is within a 10-minute walk. In this increasingly popular part of East London, the surrounding area is undergoing continuous regeneration, attracting a growing number of creative companies and residents who are drawn to the vibrant neighborhoods of the City Fringe.
Terms
The property is held on a 999-year lease commencing 1 March 2018. The tenant in situ has entered into a 10-year lease from 11 November 2024 to 11 November 2034, with a tenant-only break option at the fifth anniversary. An upward only rent review is scheduled at the fifth anniversary of the lease.
This self-contained retail/gallery unit spans the ground and lower ground floors of a modern building completed in July 2018, benefiting from excellent natural light and high footfall. The property is let to Hello Vet, a well-established and expanding veterinary practice, at £40,000 per annum, reflecting a 7% yield, on a 10-year lease from 11 November 2024, offering a secure investment opportunity.
Location
The property boasts a prominent location at the corner of Hackney Road and Columbia Road, famed for its flower market and array of boutique shops, restaurants, and popular pubs. Directly to the north are Hackney City Farm and Haggerston Park. The trendy Broadway Market is just a few minutes' walk away, while Shoreditch lies 12 minutes to the west and Victoria Park 15 minutes to the east.
The area is well-served by numerous bus routes to the City and Central London, and Hoxton Overground Station is within a 10-minute walk. In this increasingly popular part of East London, the surrounding area is undergoing continuous regeneration, attracting a growing number of creative companies and residents who are drawn to the vibrant neighborhoods of the City Fringe.
Terms
The property is held on a 999-year lease commencing 1 March 2018. The tenant in situ has entered into a 10-year lease from 11 November 2024 to 11 November 2034, with a tenant-only break option at the fifth anniversary. An upward only rent review is scheduled at the fifth anniversary of the lease.
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£2,851 per month
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