£POA
Hackney Road, E2, London
10 bedroom mixed use for sale
Location:
The building is strategically located at the intersection of Hackney Road and Columbia Road in London, an area known for its vibrant and dynamic atmosphere. Columbia Road is particularly famous for its bustling flower market, which attracts numerous visitors every Sunday.
Flats
Three One-Bedroom Flats
Current Income: £61,500 per year
Utilities: Each flat has its own electricity, gas, and water meters.
Access: The flats are accessed via a separate entrance from Columbia Road, ensuring privacy and convenience for the residents. This entrance is adjacent to the lively flower market, providing a unique and picturesque setting.
Shop
Ground Floor Shop:
Structure: The shop consists of a ground floor and a basement.
Current Lease: Leased to a French wine and cheese shop until 2038.
Current Income: £32,000 per year, projected to increase to £47,500 from June 2025.
Frontage: The shop has a prominent frontage on Hackney Road, attracting high foot traffic.
Layout: It features an open-plan layout, ideal for various retail businesses.
Display Windows: Large display windows offer excellent visibility and marketing opportunities.
Additional Features
Car Park:
Located by the flats' entrance on Columbia Road, the car park provides convenient parking for residents thats is not used by any residence
Development Potential: The car park presents an opportunity for further development, subject to planning permission (STPP). Options include:
Private Rental: Renting out parking spaces to generate additional income.
Small Coffee Shop: Constructing a cozy coffee shop to cater to visitors of the flower market.
Office Space: Building a small office space to attract local businesses or freelancers looking for a convenient workspace.
Financial Summary
Total Current Income: £93,500 per year (Flats: £61,500 + Shop: £32,000)
Projected Income from June 2025: £109,000 per year (Flats: £61,500 + Shop: £47,500)
The building's prime location, combined with the steady income from the flats and shop, along with the potential for further development of the car park area, makes it an attractive investment opportunity.
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The particulars are set out as a general outline for the guidance of intending purchasers and do not constitute an offer of contract, descriptions, dimensions, references, conditions, and necessary permissions, for use and occupation, and other details are without responsibility and purchasers should not rely on them as statements or representations of fact, purchasers are advised to satisfy themselves by inspection and survey. A laser tape measure has been used and cannot guarantee exact accuracy therefore measurements included are approximate and purchasers should satisfy themselves as to room dimensions...
Tenure: Freehold
Parking options: Off Street
The building is strategically located at the intersection of Hackney Road and Columbia Road in London, an area known for its vibrant and dynamic atmosphere. Columbia Road is particularly famous for its bustling flower market, which attracts numerous visitors every Sunday.
Flats
Three One-Bedroom Flats
Current Income: £61,500 per year
Utilities: Each flat has its own electricity, gas, and water meters.
Access: The flats are accessed via a separate entrance from Columbia Road, ensuring privacy and convenience for the residents. This entrance is adjacent to the lively flower market, providing a unique and picturesque setting.
Shop
Ground Floor Shop:
Structure: The shop consists of a ground floor and a basement.
Current Lease: Leased to a French wine and cheese shop until 2038.
Current Income: £32,000 per year, projected to increase to £47,500 from June 2025.
Frontage: The shop has a prominent frontage on Hackney Road, attracting high foot traffic.
Layout: It features an open-plan layout, ideal for various retail businesses.
Display Windows: Large display windows offer excellent visibility and marketing opportunities.
Additional Features
Car Park:
Located by the flats' entrance on Columbia Road, the car park provides convenient parking for residents thats is not used by any residence
Development Potential: The car park presents an opportunity for further development, subject to planning permission (STPP). Options include:
Private Rental: Renting out parking spaces to generate additional income.
Small Coffee Shop: Constructing a cozy coffee shop to cater to visitors of the flower market.
Office Space: Building a small office space to attract local businesses or freelancers looking for a convenient workspace.
Financial Summary
Total Current Income: £93,500 per year (Flats: £61,500 + Shop: £32,000)
Projected Income from June 2025: £109,000 per year (Flats: £61,500 + Shop: £47,500)
The building's prime location, combined with the steady income from the flats and shop, along with the potential for further development of the car park area, makes it an attractive investment opportunity.
..
.
.
.
The particulars are set out as a general outline for the guidance of intending purchasers and do not constitute an offer of contract, descriptions, dimensions, references, conditions, and necessary permissions, for use and occupation, and other details are without responsibility and purchasers should not rely on them as statements or representations of fact, purchasers are advised to satisfy themselves by inspection and survey. A laser tape measure has been used and cannot guarantee exact accuracy therefore measurements included are approximate and purchasers should satisfy themselves as to room dimensions...
Tenure: Freehold
Parking options: Off Street
Reference: RS0033
