290 - 290A Kingsland Road Hackney London E8 4DG

  • 290 - 290A Kingsland Road<br>Hackney<br>London<br>E8 4DG

290 - 290A Kingsland Road
Hackney
London
E8 4DG

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    Withdrawn Post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
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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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  • Status Withdrawn Post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.

Tenancy & Accommodation

Unit No. Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
290 Ground
Part Ground
First
Second		 Retail/Ancillary
Residential
Residential
Residential		 62.71 sq m
12.57 sq m
30.67 sq m
30.67 sq m		 (675 sq ft)
(135 sq ft)
(330 sq ft)
(330 sq ft)		 INDIVIDUAL t/a
Goldhill Wine (ON
ASSIGNMENT)		 20 years from 27/05/2003
until 26/05/2023		 £22,000 27/05/2013
27/05/2018
290A Ground Retail 17.10 sq m (184 sq ft) INDIVIDUAL
t/a Barber		 10 years from 29/09/2013
until 28/09/2023		 £6,000 29/09/2018
Totals     153.72 sq m (1,655 sq ft)     £28,000

Contacts

Seller's Solicitors
AK Law 15 Springbridge Mews, Ealing
London
W5 2AB
Milton Andreou 020 8280 0811milton@ak-law.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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