Hackney

404 Mare Street

404 Mare Street, E8 1HP, Hackney

Under Offer

Property Details

Price

£1,850,000

Rent

£118,000

Net Initial Yield

6.75%

Tenure

Freehold

Description

  • Located in Hackney, one of London’s fastest growing boroughs.
  • Hackney provides direct access to central London, with the subject property situated four miles north east of the Central London.
  • The property occupies a 100% prime location, in Hackneys prime retail pitch.
  • The property enjoys a well configured ground floor sales accommodation with two modern flats located on the first and second floor.
  • New 10 year lease (TBO year 5) to the undoubted covenant of Bank Scotland PLC from 16th December 2023.
  • The subject property provides scope to potentially redevelop the upper floors to comprise addition residential space (STPP).
  • There is also potential to create additional income with advertising on the external wall (STPP).
  • Freehold.

Location

Contacts for this property

Olly Photo
Oliver Smart
07818 402754
Paddy
Patrick Kilvington
07860 625512

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