220 Graham Road Hackney London E8 1BP

220 Graham Road
Hackney
London
E8 1BP

Freehold Retail and Residential Investment

Shop let to tenant trading as Hackney Central Space (a beauty salon and yoga-lab)
Vibrant and popular North East London suburb located off Mare Street and close to Hackney Central Station
Includes two studio flats on first floor let on ASTs
Nearby occupiers include Primark,
Marks & Spencer, JD Sports, Boots the Chemist, Specsavers, McDonald's, Iceland and TK Maxx

Lot
15
Auction
12th February 2020
Rent
£38,196 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of Mortgagees in Possession

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Freehold Retail and Residential Investment

Shop let to tenant trading as Hackney Central Space (a beauty salon and yoga-lab)
Vibrant and popular North East London suburb located off Mare Street and close to Hackney Central Station
Includes two studio flats on first floor let on ASTs
Nearby occupiers include Primark,
Marks & Spencer, JD Sports, Boots the Chemist, Specsavers, McDonald's, Iceland and TK Maxx

Lot 15
Auction 12th February 2020
Rent £38,196 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of Mortgagees in Possession

Property Information

Location

Miles: 4 miles north-east of Central London
Roads: A10, A11, A12
Rail: Hackney Central (Overground Line)
Air: London City, London Stansted, London Heathrow

Situation

The popular and vibrant central London Borough of Hackney is located immediately north of the City of London with Hackney Central being 2.8 miles north of Bishopsgate. The property is situated on the northern side of Graham Road (A1207), close to its junction with Mare Street in central Hackney. The property forms a part of a small parade of shops which is predominantly occupied by independent operators offering a mix of cafes, hairdressers and convenience stores. Other nearby occupiers in the immediate area include Primark, Marks & Spencer, JD Sports, McDonald's, Boots the Chemist, Specsavers, Iceland and TK Maxx. Hackney Central London Overground Station is a short walk away and numerous bus routes operate on Graham Road.

Tenure

Freehold.

Location

Miles: 4 miles north-east of Central London
Roads: A10, A11, A12
Rail: Hackney Central (Overground Line)
Air: London City, London Stansted, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a four storey building arranged as a ground and lower ground floor shop, in a mixed use, mid terrace building. The first floor comprises two self-contained studio flats. There is a third flat on the second floor, which has been let on a long lease.

VAT

VAT is not applicable to this lot.

EPC

Shop - Band E. See legal pack at acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

EPC

Shop - Band E. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground & Lower Ground	Retail/Ancillary	76.00 sq m	(818 sq ft)	PINK CRUST LIMITED & HELLA AMOATENG t/a Hackney Central Space (1)	9 years from 18/03/2010 (holding over)	£12,000
First	Studio Flat	23.00 sq m	(248 sq ft)	INDIVIDUAL	1 year AST at £1,000 pcm	£12,000
First	Studio Flat	16.00 sq m	(172 sq ft)	INDIVIDUAL	1 year AST at £1,183 pcm	£14,196
Second	Studio Flat	-	(-)	INDIVIDUAL	99 years from 24/06/1987	Peppercorn
Total		115.00 sq m	(1,238 sq ft)			£38,196

(1) www.hackneycentralspace.co.uk

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.