Feehold Retail & Residential Investment in Sought after London Location
Prominent corner position some 50 yards from Haggerston Overground Railway Station
Residential Redevelopment Potential (subject to lease and consents)
Significant opportunity to add value through lease re-gear
Outstanding 2013 Rent Review
VAT-free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 57
Auction 19th May 2016
Rent £28,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
4 miles north-east of Central London, 2 miles south-east of Highbury, 1 mile from Shoreditch
Roads
A10, A501
Rail
Haggerston Overground Railway Station (8 mins to Highbury & Islington, 23 mins to London King’s Cross)
Air
London City Airport
Situation
The property is prominently situated on the corner of Kingsland Road and Lee Street, approximately 50 yards from Haggerston Overground Railway Station. Kingsland Road forms part of the A10 and provides direct access to Dalston and Stoke Newington to the north and Hoxton, Shoreditch and Aldgate to the south. The area has seen significant development over the last few years following the gentrification of Stoke Newington, Dalston and Hoxton and is expected to continue to benefit from the regeneration of the area. The property is immediately adjacent to Tesco Express, with other nearby occupiers including Topps Tiles, Travis Perkins and a number of independent retailers.
Tenure
Freehold.
Location
Miles
4 miles north-east of Central London, 2 miles south-east of Highbury, 1 mile from Shoreditch
Roads
A10, A501
Rail
Haggerston Overground Railway Station (8 mins to Highbury & Islington, 23 mins to London King’s Cross)
Air
London City Airport
Situation
The property is prominently situated on the corner of Kingsland Road and Lee Street, approximately 50 yards from Haggerston Overground Railway Station. Kingsland Road forms part of the A10 and provides direct access to Dalston and Stoke Newington to the north and Hoxton, Shoreditch and Aldgate to the south. The area has seen significant development over the last few years following the gentrification of Stoke Newington, Dalston and Hoxton and is expected to continue to benefit from the regeneration of the area. The property is immediately adjacent to Tesco Express, with other nearby occupiers including Topps Tiles, Travis Perkins and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises two self-contained ground floor retail units fronting Kingsland Road and Lee Street. The part ground, first and second floors benefit from separate access via Lee Street and comprise a five room maisonette, kitchen and WCs (floor plans are available within the legal pack). The property benefits from a rear yard accessed from Lee Street providing potential to extend the ground floor. Additionally, the first and second floors are set back from Kingsland Road and Lee Street and may provide further development potential over the recessed area. Any development would be subject to lease and consents. For further information please refer to http://www.hackney.gov.uk.
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two self-contained ground floor retail units fronting Kingsland Road and Lee Street. The part ground, first and second floors benefit from separate access via Lee Street and comprise a five room maisonette, kitchen and WCs (floor plans are available within the legal pack). The property benefits from a rear yard accessed from Lee Street providing potential to extend the ground floor. Additionally, the first and second floors are set back from Kingsland Road and Lee Street and may provide further development potential over the recessed area. Any development would be subject to lease and consents. For further information please refer to http://www.hackney.gov.uk.
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
