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The Haggerston 438-438A Kingsland Rd 4,133 sq ft Retail Property London E8 4AA £850,000 (£205.66/sq ft)
Investment Highlights
- Landmark Freehold Investment available for the first time in nearly 30 years
- GIA of 4,134 sq ft
- 400m from both Haggerston and Dalston Junction Overground stations
- £67,500 pa passing income
- Prominent Hackney location
Executive Summary
Available for the first time in nearly 30 years this freehold pub investment produces an income of £67,500 pa. The property comprises a large ground floor bar area with excellent natural light given its corner position, an impressive first floor function room, manager's flat at second floor level and basement storage. There is a beer garden to the rear. The building dates from the mid 19th Century but we understand that a pub has occupied this site since the early 1800s. The pub has a late licence permitting live music, the sale of alcohol, playing of recorded music / films and dancing until to 3am on Fridays and Saturdays and earlier on other days of the week. The property is let on a 25 year lease from 20th June 2007 to Acme Bars Limited. There are currently 6.25 years remaining. The next rent review is on 24th June 2027. The property is in need of some redecoration but the lease is fully repairing and insuring. A copy of the lease is available to download from our website.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
4,133 sq ft
Costar Property Class
B
Year Built
1920
Price
£850,000
Price per sq ft
£205.66
Tenancy
Single
Number of Floors
3
Amenities
- 24 Hour Access
- Corner Lot
- Courtyard
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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The Haggerston | 438-438A Kingsland Rd
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