Property photos
Fixed price
£90,000
(£0.53/sq. ft)
Block of flats for sale
Andre Street, London E8170,000 sq. ft
Local area information
Property location
Nearby amenities
- Mossbourne Community Academy 0.1 miles
- Mossbourne Parkside Academy 0.1 miles
- Hackney Downs 0.1 miles
- Hackney Central 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Stoke Newington to find out more about the local area.
Features and description
Investment Consideration:
Gross Initial Yield: 5.72%
Rental Income: £5,150 p.a.
VAT is not applicable to this property
Comprises block of 17 apartments and 1 large retail unit, all sold-off on long leaseholds
Situated within 5 min walk from Hackney Downs Overground and Train Station
Property Description:
Comprises mixed-use block of 17 apartments and 1 large retail unit, all sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor: Large retail unit 929 sq m (10,000 sq ft)
First-Third Floor: 17 self-contained apartments
Tenancy:
The retail unit is sold off on 999 year lease from April 2024 at a ground rent of peppercorn.
The residential flats have been sold-off on 125 year leases from 1st January 2018 at a ground rent of £5,150 p.a..
Location:
The property is situated on Andre Street, just moments from the station and green space at Hackney Downs Station, close to all amenities and further Overground station at Hackney Central and the social hotspots of London Fields and Dalston. Retail occupiers nearby include Cafes, Takeaway, Laundrette, Supermarket, Wine Shop and more.
Gross Initial Yield: 5.72%
Rental Income: £5,150 p.a.
VAT is not applicable to this property
Comprises block of 17 apartments and 1 large retail unit, all sold-off on long leaseholds
Situated within 5 min walk from Hackney Downs Overground and Train Station
Property Description:
Comprises mixed-use block of 17 apartments and 1 large retail unit, all sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor: Large retail unit 929 sq m (10,000 sq ft)
First-Third Floor: 17 self-contained apartments
Tenancy:
The retail unit is sold off on 999 year lease from April 2024 at a ground rent of peppercorn.
The residential flats have been sold-off on 125 year leases from 1st January 2018 at a ground rent of £5,150 p.a..
Location:
The property is situated on Andre Street, just moments from the station and green space at Hackney Downs Station, close to all amenities and further Overground station at Hackney Central and the social hotspots of London Fields and Dalston. Retail occupiers nearby include Cafes, Takeaway, Laundrette, Supermarket, Wine Shop and more.
More information
Listed by
Blue Alpine Partners
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