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414-422 Hackney Rd - Oakwood House 1,106 - 1,539 sq ft Office Units Offered at £380,000 - £430,000 Per Unit 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.
2 Units Available
Unit 1
| Unit Size | 1,539 sq ft | Unit Use | Office |
| Price | £430,000 | Sale Type | Investment |
| Price Per sq ft | £279.40 | Tenure | Long Leasehold |
| Unit Size | 1,539 sq ft |
| Price | £430,000 |
| Price Per sq ft | £279.40 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
Lower Ground unit at a total of 1,539 sq ft
Sale Notes
A rare opportunity to acquire a self-contained E Class commercial unit within the Oakwood House development. Generating £17,000 per annum from an established tenancy, the property offers immediate, secure income from day one. With strong transport connectivity supporting long-term occupier demand and a 250-year long leasehold, this is an ideal low-management addition to any investment portfolio.
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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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Property Facts
| Total Property Size | 10,170 sq ft | Typical Floor Size | 2,157 sq ft |
| Property Type | Office | Year Built | 1992 |
| Property Subtype | Office / Residential | Total Plot Size | 0.24 ac |
| Costar Property Class | B | Parking Allocation | 0.57/1,000 sq ft |
| Floors | 5 |
| Total Property Size | 10,170 sq ft |
| Property Type | Office |
| Property Subtype | Office / Residential |
| Costar Property Class | B |
| Floors | 5 |
| Typical Floor Size | 2,157 sq ft |
| Year Built | 1992 |
| Total Plot Size | 0.24 ac |
| Parking Allocation | 0.57/1,000 sq ft |
Amenities
- 24 Hour Access
- Kitchen
- Central Heating
- Demised WC facilities
- Lift Access
- Natural Light
- Shower Facilities
Presented by
414-422 Hackney Rd - Oakwood House
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