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Land for sale
10-12 Andre Street, London, E8 2AA
£2,900,000
10-12 Andre Street, London, E8 2AA
£2,900,000
Our Summary
- This mixed-use freehold investment comprises a modern four-storey block of 17 residential and 8 Class E commercial units in central Hackney with the potential to add a further floor to the building subject to planning permission
Description
This mixed-use freehold investment property in central Hackney features a modern four-storey building with 17 residential units and 8 commercial units, with the potential to add an additional floor subject to planning permission. The property was completed in 2018 and all residential units were sold with 125-year leases, generating an annual ground rent of £5,150. The commercial units are let to various tenants, including an art gallery, clothing brand headquarters, bar, theatre, and art supply stores, contributing £235,814 in annual rental income. The property has an attractive brick façade and large picture windows, and is located on a quiet cobbled street near Hackney Downs Overground and Rail station, with Hackney Central Overground station and amenities just a short walk away. The property has a total internal space of 15,376 sq ft, with 10,980 sq ft of commercial space and 4,396 sq ft of residential space.