commercial investment for sale - Realla
COMMERCIAL INVESTMENT FOR SALE SITUATED IN LONDON FIELDS, HACKNEY OFFICE LET FOR 10 YEARS AND PROVIDING A NET INITIAL YIELD OF 6.25%
47-49 TUDOR ROAD, LONDON, E9 7SN
LOCATION Tudor Road is located immediately east of Mare Street in the heart of Hackney’s popular London Fields district. In addition, fashionable Broadway Market is located nearby with its superb selection of restaurants and cafés. The area has become popular amongst young professional residents and a variety of office occupiers. TRANSPORT • London Fields (0.3m) – London Overground • Cambridge Heath (0.6m) – London Overground • Bethnal Green (0.9m) – Central Line DESCRIPTION Comprises a converted warehouse building of brick construction arranged over five floors with the offices at ground floor level and nineteen apartments on the four upper floors. The office space is industrial in style and a mix of open plan and partitioned offices with a loading bay and 2 car spaces at the rear. The space benefits from exposed brickwork, large windows, generous floor to ceiling heights, gas central heating, hardboard floor, suspended lighting, WC’s, kitchen and is in good decorative order. ACCOMMODATION We understand the ground floor is approximately 4,275 sq. ft. (439 sq. m). TENURE The premises are offered for sale on the basis of a new 999 year long-leasehold interest, subject to a peppercorn rent. FREEHOLD The freehold interest is available with the benefit of income from the ground rents of 19 apartments, equating to £5,700 per annum. Further information is available on request.
LEGAL COSTS Each party to bear their own legal costs in this transaction. TENANCY The property is let to FormFormForm Ltd at £113,400 per annum (£24.00 per sq. ft.). The lease is for 10 years from 9th January 2017, subject to a tenant only break clause at the fifth year. The lease is subject to six month’s rent free from the lease commencement date and is contracted outside the Landlord & Tenant Act 1954 (Part II). COVENTANT INFORMATION The tenant trades as Sugru, a young fast-growing trendy company. They have been in occupation since 2007 and have a Dun & Bradsheet credit rating of 2A2, reflecting a lower than average business failure. Further information about the company can be found on their website – www.sugru.com. SALE PRICE £1,700,000 subject to contract and exclusive of VAT. The price reflects a Net Initial Yield of 6.25% after purchasing costs of 6.8%. VIEWING For further information please contact agents: Currell Commercial Ltd Jon Morell – 020 7096 2785 [email protected] Will Beresford – 020 7096 2780 [email protected] Beverley Hedge – 020 7704 7514 [email protected] Ref: COM170154
Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
For more information on our properties please visit our website – www.currell.com/commercial
Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
47-49 TUDOR ROAD, LONDON, E9 7SN
LOCATION Tudor Road is located immediately east of Mare Street in the heart of Hackney’s popular London Fields district. In addition, fashionable Broadway Market is located nearby with its superb selection of restaurants and cafés. The area has become popular amongst young professional residents and a variety of office occupiers. TRANSPORT • London Fields (0.3m) – London Overground • Cambridge Heath (0.6m) – London Overground • Bethnal Green (0.9m) – Central Line DESCRIPTION Comprises a converted warehouse building of brick construction arranged over five floors with the offices at ground floor level and nineteen apartments on the four upper floors. The office space is industrial in style and a mix of open plan and partitioned offices with a loading bay and 2 car spaces at the rear. The space benefits from exposed brickwork, large windows, generous floor to ceiling heights, gas central heating, hardboard floor, suspended lighting, WC’s, kitchen and is in good decorative order. ACCOMMODATION We understand the ground floor is approximately 4,275 sq. ft. (439 sq. m). TENURE The premises are offered for sale on the basis of a new 999 year long-leasehold interest, subject to a peppercorn rent. FREEHOLD The freehold interest is available with the benefit of income from the ground rents of 19 apartments, equating to £5,700 per annum. Further information is available on request.
LEGAL COSTS Each party to bear their own legal costs in this transaction. TENANCY The property is let to FormFormForm Ltd at £113,400 per annum (£24.00 per sq. ft.). The lease is for 10 years from 9th January 2017, subject to a tenant only break clause at the fifth year. The lease is subject to six month’s rent free from the lease commencement date and is contracted outside the Landlord & Tenant Act 1954 (Part II). COVENTANT INFORMATION The tenant trades as Sugru, a young fast-growing trendy company. They have been in occupation since 2007 and have a Dun & Bradsheet credit rating of 2A2, reflecting a lower than average business failure. Further information about the company can be found on their website – www.sugru.com. SALE PRICE £1,700,000 subject to contract and exclusive of VAT. The price reflects a Net Initial Yield of 6.25% after purchasing costs of 6.8%. VIEWING For further information please contact agents: Currell Commercial Ltd Jon Morell – 020 7096 2785 [email protected] Will Beresford – 020 7096 2780 [email protected] Beverley Hedge – 020 7704 7514 [email protected] Ref: COM170154
Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
For more information on our properties please visit our website – www.currell.com/commercial
Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
