Nelsons Head, Hackney, E2

25 September 2017

 

SUBJECT TO CONTRACT

Dear Sir / Madam,

Please follow the below link for details of the above property which is available freehold subject to lease.

This opportunity comprises an attractive corner sited property, situated circa 500 metres east of Shoreditch. The property is located within one of London’s trendiest areas adjacent to Columbia Road which is home to the world famous flower market.

The whole building is let for a 12 year lease term commencing in December 2015, expiring in December 2027. The passing rent is £80,000 per annum with four yearly rent reviews to open market rent or RPI (whichever is higher). The lease is excluded from Part II of the Landlord and Tenant Act 1954.

We are instructed by the vendor as sole selling agents to seek offers in excess of £1,500,000 reflecting a net initial yield of 5% assuming standard purchaser’s costs.

If you have any questions, please contact Michael Penfold or James Grimes on 020 7836 7826 or michael.penfold@agg.uk.com / james.grimes@agg.uk.com

Regards,

AG&G

Nelsons Head
Region: Hackney
Tenure: Freehold
Price: Offers in excess of £1,500,000