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99 Dalston Ln 2,414 sq ft Retail Property London E8 1NH £2,000,000 (£828.50/sq ft)
Investment Highlights
- A desirable rare freehold multi-let mixed-use investment opportunity in the heart of Dalston, East London
- A desirable rare freehold multi-let mixed-use investment opportunity in the heart of Dalston, East London
- Approximately 0.4 miles from Dalston Kingsland station and 0.4 miles from Dalston Junction station
Executive Summary
Offers are invited in excess of £2,000,000 for the freehold interest, which represents a gross yield of 6.7%, against the forecast rental income of £133,000 per annum. This equates to approximate capital value of £374 per square foot of the net internal area.
Tenancy:
The ground floor is currently occupied by Cox Johns Le Camus Limited on a recently renewed lease for a term of 25 years with a current passing rent of £55,000 per annum. The commercial tenant has a concession for the next 3 years that provides for 1 month rent free period per year. This concession will be topped up by the seller on completion.
The flats are let on AST agreements. It is thought that there is significant scope to increase the current income from each flat. Please refer to the schedule for more detail.
Tenancy:
The ground floor is currently occupied by Cox Johns Le Camus Limited on a recently renewed lease for a term of 25 years with a current passing rent of £55,000 per annum. The commercial tenant has a concession for the next 3 years that provides for 1 month rent free period per year. This concession will be topped up by the seller on completion.
The flats are let on AST agreements. It is thought that there is significant scope to increase the current income from each flat. Please refer to the schedule for more detail.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,414 sq ft
Costar Property Class
B
Year Built
1996
Price
£2,000,000
Price per sq ft
£828.50
Tenancy
Single
Number of Floors
4
Plot ratio
0.55
Total Plot Size
0.10 ac
Frontage
24 ft on Dalston Lane
Amenities
- Bus Route
- Commuter Rail
- Restaurant
- Signage
- Accent Lighting
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
1 of 4
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99 Dalston Ln
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