Available
London E8 – Ground Rent
10/12 Andre Street, Hackney, London E8 2AAFreehold Mixed-Use Ground Rent Investment
Price
£90,000
Rent P.A.
£5,150
Yield
5.72%
Tenure
Freehold
Area
17,000 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises block of 17 apartments and 1 large retail unit, all sold-off on long leaseholds
- Situated within 5 min walk from Hackney Downs Overground and Train Station
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mixed-use block of 17 apartments and 1 large retail unit, all sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor: Large retail unit 929 sq m (10,000 sq ft)
First-Third Floor: 17 self-contained apartments
Ground Floor: Large retail unit 929 sq m (10,000 sq ft)
First-Third Floor: 17 self-contained apartments
Tenancy Description
The retail unit is sold off on 999 year lease from April 2024 at a ground rent of peppercorn.
The residential flats have been sold-off on 125 year leases from 1st January 2018 at a ground rent of £5,150 p.a..
The residential flats have been sold-off on 125 year leases from 1st January 2018 at a ground rent of £5,150 p.a..
Tenancies & Accommodation
Location Description
The property is situated on Andre Street, just moments from the station and green space at Hackney Downs Station, close to all amenities and further Overground station at Hackney Central and the social hotspots of London Fields and Dalston. Retail occupiers nearby include Cafes, Takeaway, Laundrette, Supermarket, Wine Shop and more.