32 Chatsworth Road
London, E5 0LPThe Space
Long Leasehold retail investment
At a glance
| Property Type | Investments / Offices / Retail |
| Tenure | For Sale |
| Size | 998 sq ft |
| Price | £500,000 |
| Business Rates | £8,483 per annum |
| Service Charge | £832 per annum |
| Energy Performance Rating | This property has been graded as E (108) |
Homerton
8 mins
Hackney Central
12 mins
Hackney Downs
15 mins
Clapton
16 mins
Homerton
9 mins
Hackney Central
12 mins
Hackney Downs
14 mins
Clapton
16 mins
Key Points
- Total ground floor space - 998 square feet
- Established and desirable residential and commercial location in Hackney
- Popular mixed and diverse retail parade
- £500,000 Long Leasehold sale - 999 years from 29th September 2005
- 6.6 per cent gross yield before costs - based upon a current rental income of £33,000 per annum
- Current tenant : Keatons Estate Agents
- Rent review outstanding - due October 2024
- Close to Homerton London Overground Station
Description
This is an ideal opportunity to secure a long leasehold investment in one of the most desirable commercial and residential locations in Hackney.
The existing lease is £33,000 per annum exclusive, the current 15-year lease expires October 2030, with no rent deposit, no landlord or tenant break options, 3-year rent reviews (the current rent review, due October 2024, is outstanding and due for negotiation). The service charge and business rates (currently £8,483) are paid by the tenant. The annual ground rent of £400 per annum is payable by the long leaseholder. The sale is not subject to VAT.
The current tenant is Keatons Estate Agents Ltd ( https://www.keatons.com )
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground | 998 | 92.72 | Available |
| Total | 998 | 92.72 |
The Location
32 Chatsworth Road is located in a highly desirable and diverse area. A range of local boutique shops trade in this popular location and a Co-Op supermarket is located in close proximity.
Chatsworth Road connects to Lea Bridge Road (A106) and Homerton High Street (B112). Homerton London Overground Station is within ten minutes' walk.
