14 Andre Street, London E8 2AA

£1,501,250


  • Reversionary income on the commercial
  • Office development comprising 7 studios ranging in size
  • 9 residential apartments sold off each producing £450 pa ground rents
  • Freehold interest

HACKNEY FREEHOLD MIXED USE INVESTMENT FOR SALE

Coachworks located on Andre Street is well-served by numerous transport links including, a 3 minute walk to Hackney Downs Overground Station and 8 minutes' walk to Hackney Central.

Freehold interest comprising 7 bright open plan studio offices fitted out to a high standard, all benefitting from excellent natural light, good ceiling heights, wooden flooring, air conditioning and power/data points to both the walls and under the floor. The lift, wc's and showers are located on the common parts.

6 of the 7 studios are let on lease's excluded from the Landlord and Tenant Act producing an income of approx £65,000 per annum exclusive giving an intial yield of 4.65%

Scope to improve income.

Tenancy schedule available on application

9 apartments sold off on 125 year leases each producing £450 per annum

Located just a few minutes from Hackney Downs and being in the heart of Hackney, with the nearby amenties such as the high street retailers on Mare Street such as Marks and Spencer, TK Maxx, JD Sports and Primark plus the independent boutiques and coffee shops and craft pubs of Dalston

VAT is applicable

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