239-249 Mare Street
Hackney
London
E8 3NS

Substantial Freehold Mixed Use Investment

  • Let to tenants including Sawasdee Thai Restaurant and Tre Viet Vietnamese Restaurant.
  • Fully let mixed use investment comprising approximately 987.44 sq m (10,630 sq ft)
  • Asset management opportunities with future Change of Use potential
  • Close by to London Fields and Hackney Central Overground Stations
  • Nearby occupiers include Titan Gym, Domino's Pizza and Sainsbury's
  • VAT-free London Investment
  • Lot
    9
  • Auction
    05/May/2021
  • Rent
    £241,800 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
Important Update
  • 239-249 Mare Street<br>Hackney<br>London<br>E8 3NS
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
1 miles east of Dalston
1 mile north of Bethnal Green
Roads
A10, A11
Rail
London Fields (Overground)
Air
London City Airport
Situation

Hackney is a bustling North-East London suburb approximately 3 miles north-east of the City of London. The property is located on the west side of Mare Street, within close walking distance of London Fields and Hackney Central Overground Stations, which provides access across London. The property is close to Broadway Market, a thriving Saturday market, as well as over 70 shops, cafs and restaurants open seven days a week. Other nearby occupiers include Titan Gym, Domino's Pizza and Sainsbury's.

Tenure

Freehold.

Description

The property comprises a substantial, four storey building currently arranged as three ground floor restaurants/cafes with office accommodation to the first and second floors, and two 2 bedroom flats and one 3 bedroom flat to the third floor. The upper floors benefit from separate access from Mare Street, and each of the three flats benefit from a roof top balcony/terrace. There is an advertising hoarding on the side of the building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
239, 241 &
243
GroundRestaurant
148.50 sq m
(1,599 sq ft)
SAWASDEE
AR-HAN-THAI
LIMITED t/a
Sawasdee
12 years from
05/05/2016 until
04/05/2028
£50,000-
245GroundRestaurant
34.19 sq m
(368 sq ft)
TRE VIET 8
LIMITED
t/a Tre Viet
5 years from
02/09/2020 until
01/09/2025
£16,50002/09/2022
247GroundRestaurant/
Takeaway
50.91 sq m
(548 sq ft)
INDIVIDUAL
t/a Tre Viet
20 years from
24/06/2008 until
23/06/2028
£21,00024/06/2023
249GroundRestaurant/
Takeaway
51.65 sq m
(556 sq ft)
INDIVIDUAL
t/a Tre Viet
10 years from
19/07/2016 until
18/07/2026
£26,50019/07/2021
249aFirst/
Second
Office
499.80 sq m
(5,380 sq ft)
INDIVIDUAL5 years from
01/03/2019 until
29/02/2024
£45,000-
249bGround/
First
Retail
20.35 sq m
(219 sq ft)
INDIVIDUAL
t/a Jeri’s Diner
5 years from
30/10/2018 until
29/10/2023
£12,00030/10/2021
Flat 1, 249aThirdResidential
(2 bed flat)
53.97 sq m
(581 sq ft)
INDIVIDUALAST until
19/07/2021
£22,100.04-
Flat 2, 249aThirdResidential
(2 bed flat)
60.07 sq m
(647 sq ft)
INDIVIDUALAST until
04/11/2021
£19,200-
Flat 3, 249aThirdResidential
(3 bed flat)
68.00 sq m
(732 sq ft)
INDIVIDUALAST until
04/09/2021
£27,000-
Advertising
Board
Side-
-
-
OUTDOOR
MEDIA
MANAGEMENT
LIMITED
10 years from
14/02/2018 until
13/02/2018
£2,500-
Total
987.44 sq m
(10,630 sq ft)   £241,800.04 

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    577 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
UNITED KINGDOM
NW3 1QF
Maurice Esterkin 020 7317 8695maurice@solts.co.uk  Danka Trnavac 020 7317 8666 Danka@solts.co.uk

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