Let to tenants including Sawasdee Thai Restaurant and Tre Viet Vietnamese Restaurant.
Fully let mixed use investment comprising approximately 987.44 sq m (10,630 sq ft)
Asset management opportunities with future Change of Use potential
Close by to London Fields and Hackney Central Overground Stations
Nearby occupiers include Titan Gym, Domino's Pizza and Sainsbury's
VAT-free London Investment
Lot 9
Auction 5th May 2021
Rent £241,800 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Restaurant
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 miles east of Dalston
1 mile north of Bethnal Green
Roads
A10, A11
Rail
London Fields (Overground)
Air
London City Airport
Situation
Hackney is a bustling North-East London suburb approximately 3 miles north-east of the City of London. The property is located on the west side of Mare Street, within close walking distance of London Fields and Hackney Central Overground Stations, which provides access across London. The property is close to Broadway Market, a thriving Saturday market, as well as over 70 shops, cafs and restaurants open seven days a week. Other nearby occupiers include Titan Gym, Domino's Pizza and Sainsbury's.
Tenure
Freehold.
Location
Miles
1 miles east of Dalston
1 mile north of Bethnal Green
Roads
A10, A11
Rail
London Fields (Overground)
Air
London City Airport
Situation
Hackney is a bustling North-East London suburb approximately 3 miles north-east of the City of London. The property is located on the west side of Mare Street, within close walking distance of London Fields and Hackney Central Overground Stations, which provides access across London. The property is close to Broadway Market, a thriving Saturday market, as well as over 70 shops, cafs and restaurants open seven days a week. Other nearby occupiers include Titan Gym, Domino's Pizza and Sainsbury's.
Tenure
Freehold.
Description
The property comprises a substantial, four storey building currently arranged as three ground floor restaurants/cafes with office accommodation to the first and second floors, and two 2 bedroom flats and one 3 bedroom flat to the third floor. The upper floors benefit from separate access from Mare Street, and each of the three flats benefit from a roof top balcony/terrace. There is an advertising hoarding on the side of the building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Various. See legal pack at www.acuitus.co.uk.
Description
The property comprises a substantial, four storey building currently arranged as three ground floor restaurants/cafes with office accommodation to the first and second floors, and two 2 bedroom flats and one 3 bedroom flat to the third floor. The upper floors benefit from separate access from Mare Street, and each of the three flats benefit from a roof top balcony/terrace. There is an advertising hoarding on the side of the building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Various. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
239, 241 & 243
Ground
Restaurant
148.50 sq m
(1,599 sq ft)
SAWASDEE AR-HAN-THAI LIMITED t/a Sawasdee
12 years from 05/05/2016 until 04/05/2028
£50,000
-
245
Ground
Restaurant
34.19 sq m
(368 sq ft)
TRE VIET 8 LIMITED t/a Tre Viet
5 years from 02/09/2020 until 01/09/2025
£16,500
02/09/2022
247
Ground
Restaurant/ Takeaway
50.91 sq m
(548 sq ft)
INDIVIDUAL t/a Tre Viet
20 years from 24/06/2008 until 23/06/2028
£21,000
24/06/2023
249
Ground
Restaurant/ Takeaway
51.65 sq m
(556 sq ft)
INDIVIDUAL t/a Tre Viet
10 years from 19/07/2016 until 18/07/2026
£26,500
19/07/2021
249a
First/ Second
Office
499.80 sq m
(5,380 sq ft)
INDIVIDUAL
5 years from 01/03/2019 until 29/02/2024
£45,000
-
249b
Ground/ First
Retail
20.35 sq m
(219 sq ft)
INDIVIDUAL t/a Jeri’s Diner
5 years from 30/10/2018 until 29/10/2023
£12,000
30/10/2021
Flat 1, 249a
Third
Residential (2 bed flat)
53.97 sq m
(581 sq ft)
INDIVIDUAL
AST until 19/07/2021
£22,100.04
-
Flat 2, 249a
Third
Residential (2 bed flat)
60.07 sq m
(647 sq ft)
INDIVIDUAL
AST until 04/11/2021
£19,200
-
Flat 3, 249a
Third
Residential (3 bed flat)
68.00 sq m
(732 sq ft)
INDIVIDUAL
AST until 04/09/2021
£27,000
-
Advertising Board
Side
-
-
-
OUTDOOR MEDIA MANAGEMENT LIMITED
10 years from 14/02/2018 until 13/02/2018
£2,500
-
Total
987.44 sq m
(10,630 sq ft)
£241,800.04
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street London UNITED KINGDOM NW3 1QF
