263-265 Hackney Road, London, E2 8NA

3,059 Sq Ft

263-265 Hackney Road, London, E2 8NA

3,059 Sq Ft
  • Type: Retail
  • Availability: For Sale

Property Features

  • Highly visible and prominent corner position
  • Extremely desirable location
  • Superb window frontage
  • Suspended ceiling with integrated lighting
  • WC and kitchenette
  • Dry secure basement storage
  • Fully carpeted
  • Rarely available freehold opportunity
  • Secure car parking to rear for 2/3 vehicles
  • Electric roller shutters
  • Make Enquiry
    • Property Summary

      The building occupies a highly prominent corner position in the heart of Hackney Road (A1208) at the Yorkton Street junction. This is an extremely vibrant location being moments away from Columbia Road and Shoreditch High Street.

      Full Details

      Approximate key travelling distances are set out below for guidance purposes only:
      Shoreditch High Street Rail Station – 1 mile
      Haggerston Station – 0.8 mile
      Cambridge Heath Rail Station – 0.6 mile
      Hoxton Station – 0.3 mile

      Additionally, there are three bus routes that pass the subject property as follows*:
      26/N26 destination Waterloo
      48 destination London Bridge
      55/N55 destination Oxford Circus

      * Information provided by TfL

      The available accommodation comprises of two interconnecting ground floor units with basements in excellent decorative order and currently used as offices and showrooms with basement storage.

      There is a small rear outbuilding included which is being used as secure storage with access directly off Yorkton Street.

      We understand that the upper floors comprise of 2x very large self-contained 3x bedroom split level maisonettes which are sold off on long leases producing a combined ground rent income of £100 per annum.

      Floor Areas
      Approximate floor areas as follows:

      Ground floor - 2,333 (Sq Ft) / 216.72 (Sq M)
      Basement - 726 (Sq Ft) / 67.44 (Sq M)
      Total - 3,059 (Sq Ft) / 284.16 (Sq M)
      Rear Stores - 368 (Sq Ft) / 34.18 (Sq M)

      Tenure / Price
      Freehold - offers in the region of £1,500,000 (One Million Five Hundred Thousand pounds) with vacant possession of the ground, basement and rear stores are being sought.

      Leasehold - consideration would be given to a single letting of the entire or even per building (subject to covenant).

      Full terms available upon request.

      All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

      The premises are currently used as offices with showrooms and workshops together with rear stores. We understand from LBoHackney that there is no information on council records regarding the permitted use of the premises and we do not believe there is any specific planning policy in this parade therefore conditional offers subject to change of use for A1 (retail), A2 (financial and professional services), A3 (Restaurant and Café), A4 (Drinking establishment), A5 (Hot food takeaway), B1 (office) or D1 (Non-residential institution) would be considered. Interested parties are advised to make their own enquiries in this regard.

      Business Rates
      We are verbally advised that the business rates payable are £11,663.19 for the current year. Interested parties are encouraged to make their own enquiries to LBoHackney in this regard.

      Legal Costs
      Each party will be responsible for their own legal costs incurred in this transaction.