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414-422 Hackney Rd - Oakwood House 1,106 sq ft Office Unit Offered at £380,000 in London E2 7SY
Investment Highlights
- Convenient access to Overground and bus routes
- Increasingly popular area among young locals
Executive Summary
This property is located on the north side of Hackney Road, near the junction with Cambridge Heath Road. The street has become increasingly popular among young and trendy locals, thanks to the recent addition of new art galleries and fashion retailers. Moreover, the area offers convenient access to London Transport bus and train services, with the nearest Overground station being Cambridge Heath. Positioned only a short walk to the south-east from Broadway Market, the site boats fantastic exposure to vehicles and pedestrians.
Property Facts
| Total Property Size | 8,631 sq ft | Floors | 5 |
| Property Type | Office (Unit) | Typical Floor Size | 2,157 sq ft |
| Property Subtype | Office / Residential | Year Built | 1992 |
| Costar Property Class | B | Parking Allocation | 0.57/1,000 sq ft |
| Total Property Size | 8,631 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Office / Residential |
| Costar Property Class | B |
| Floors | 5 |
| Typical Floor Size | 2,157 sq ft |
| Year Built | 1992 |
| Parking Allocation | 0.57/1,000 sq ft |
Amenities
- 24 Hour Access
- Kitchen
- Central Heating
- Demised WC facilities
- Lift Access
- Natural Light
- Shower Facilities
1 Unit Available
Unit Unit 3
| Unit Size | 1,106 sq ft | Sale Type | Investment |
| Price | £380,000 | Tenure | Long Leasehold |
| Price Per sq ft | £343.58 | Net Initial Yield | 4.47% |
| Unit Use | Office | NOI | £17,000 |
| Unit Size | 1,106 sq ft |
| Price | £380,000 |
| Price Per sq ft | £343.58 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 4.47% |
| NOI | £17,000 |
Description
The available asset comprises a self-contained E Class commercial unit on the ground floor of the Oakwood House development, benefiting from excellent natural light and strong transport connectivity.
Sale Notes
The property is currently producing an income of £17,000 per annum from the established play café, Dreami Ltd, and is available for purchase on a long leasehold of 250 years.
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414-422 Hackney Rd - Oakwood House
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