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Mixed commercial/residential property for sale in Hackney

166 Stoke Newington Road, Hackney, London, N16 7UY
For sale
£1,000,000
Strettons
This property is marketed by:
Strettons

Property Description

The property is arranged over basement, ground, first and second floors. Comprising a restaurant at ground and basement, with one x 1 bedroom flat at both first and second floor levels. The flats are accessed via a secure (code restricted) gated cobbled mews, Foulden Terrace, which also provides access to the rear ground floor office/studio space, with all respective elements being self-contained. Consent for a 1 bedroom house previously granted in both 2008 and 2015 (lapsed).

Situated on the eastern side of Stoke Newington Road, mid-terrace of a parade. The surrounding area has a high density of residential located in the streets off the main high road. Clissold and Hackney Down Parks are also close by. Direct road, cycle and train links to Central London via the A10, and Overground services in proximity.

Features:

  • Income producing £54,160 per annum, with ERV of £64,000-£66,000pa
  • Vacant rear office/studio space, with lapsed consent for 1 bed house
  • Value add through increased massing and conversion, subject to planning
  • Rarely available Freehold
  • Proximity to The City, with swift cycle and road connections.

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