Prominently located in the heart of Hackney’s thriving retail district, this traditional mid-terrace brick building provides well configured retail space across the ground floor, with two residential flats in the upper parts.

The commercial element is let to the Bank of Scotland on a new 10-year lease (TBO Y5), from December 2023, offering a strong commercial income of £64,000 per annum.

The property additionally offers investors the opportunity for redevelopment of the upper floors to create additional residential space, subject to planning permission.

Seeking offers in excess of £1.85m, reflecting a net initial yield of 6.75% on the commercial income and a capital value of £950,000 on the residential upper parts, take a look at the brochure below and then get in touch with FMX's Patrick Kilvington and Oliver Smart, or our joint agent Allsop's George Walker, for further information.

404 Mare Street Hackney Brochure