Prime Mixed-Use Investment Property For Sale in Hackney, London, E2

This property is marketed by:
Strettons

Key Features

• Mixed-use property comprising 2 commercial units and 2 residential apartments (1 x 2-bedroom and 3 x three-bedroom) held on Freehold title
• Fully income producing with a total passing rent of £82,800 per annum
• Potential to enhance rental performance through refurbishment and active asset management
• Potential for modest extension or reconfiguration opportunities, subject to planning
• Basement portion offered with vacant possession held on a virtual c.959 long leasehold title available with the purchase
• Attractive canal-side positioning with excellent transport connectivity in a highly sought-after East London location
• Scope for alternative residential-led strategies including short-term accommodation, subject to consents

Description

The property comprises a rare mixed-use freehold building arranged to provide two commercial units at ground and lower ground floor level together with two self-contained residential apartments. A portion of the basement is held on a long leasehold title, available with the purchase. The commercial and residential units are currently fully let producing a total income of £82,800 per annum with vacant space in the lower ground available for lease. The property presents an attractive asset management opportunity for a future owner with scope to explore leasing of the vacant space in the basement and additional massing in part to support additional residential or commercial units.

Location

283 Kingsland Road occupies a prominent position in the heart of Hackney, one of East London’s most vibrant and rapidly evolving neighbourhoods. Positioned overlooking Regent’s Canal, the property benefits from immediate access to a wide range of independent cafés, restaurants, bars and local amenities throughout Haggerston, De Beauvoir and Shoreditch. Haggerston Overground Station is within a short walk, providing direct connectivity across London, while numerous bus routes operate along Kingsland Road linking the property to the City, Shoreditch and Islington. The surrounding area continues to attract strong residential and commercial demand driven by its blend of creative industries, canal-side living and excellent transport connectivity.