Rare Hackney Freehold Building For Sale in Hackney, London, E2

This property is marketed by:
Strettons

Key features

• Located in a busy retail parade just a few minutes walk away from Cambridge Heath Station
• Commercial unit newly refurbished and let on a 10-year FRI lease from November 2025 at an initial rent of £28,000 per annum
• Fully let investment producing £68,800 per annum reflecting a 7.64% gross yield and an attractive capital value of £437 per sq ft
• Scope for additional massing / upward extension subject to necessary planning consents
• Total Gross Internal Area of 2,058 sq ft / 191.2 sq m
• 2 x 1-bedroom flats both let on rolling ASTs let at a combined value of £40,800
• Attractive purchase for continued investment purposes and improving total rental income

Description

The property is a mixed-use building, consisting of a self-contained retail space on the ground and lower ground floors, with two residential flats above. The retail unit benefits from plenty of natural light, high ceilings, WC facilities, and excellent transport links, making it a versatile space for various business types. With strong investment and development potential, this property is a great opportunity for buyers looking to add value, whether through refurbishment, redevelopment, or rental income. Its prime location and mixed-use setup make it an attractive choice for both investors and developers.