Lot 97
    Retail Property (high street)
    Ground & Basement
    408 Hackney Road, London, E2 7AP
    Sold for £325,000
     
    Number 1
    A Well Located Ground Floor & Basement Lock-Up Coffee Shop Let on an FRI Lease Producing £23,000 per annum.

    Description

    The property occupies a prominent corner position within an established parade of shops on the main high street with return frontage on Teesdale Close. The property is arranged as a ground and lower ground floor coffee shop measuring approximately 139 sq m (1,500 sq ft) and benefits from an A3 license.

    Tenure

    Long Leasehold. The property is held on a 999 year lease from 18th December 2015 (thus approximately 995 years unexpired).

    Location

    The property is situated in the popular East London area of Hackney amongst local shops and amenities. As well as numerous local established traders, nearby multiples include William Hill and The Days Hotel. Transport links are provided by Cambridge Heath overground station.

    Accommodation

    Lower Ground Floor
    Customer Seating
    Offices and Staff Room

    Ground Floor
    Shop Area
    W.C.

    Tenancy

    The property is let on an FRI Lease for a term of 3 years commencing 26th March 2018 at a rent of £1,916.66 per month. The shop is trading as Residence Coffee and the tenant has requested a new 15 year lease with 3 year rent reviews.

    Current Rent Reserved

    Current Rent Reserved £23,000 per annum
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