For Sale by Auction on 27th February 2025, Day Care Nursery Investment, Unit 2, 35 Shore Road, Hackney, E9 7FL

For Sale by Auction on 27^th February 2025

Location

The London Borough of Hackney  lies about 5 miles (8 km) north-east of Charing Cross. Hackney is bounded by Islington to the west, Haringey to the north, Waltham Forest to the north-east, Newham to the east, Tower Hamlets to the south-east and the City of London to the south-west. Hackney was one of the host boroughs of the London Olympics in 2012, with several of the Queen Elizabeth Olympic Park venues falling within its boundaries. Shore Road is located just off Well Street near its junction with Mare Street. London Fields Station is 6 minutes walk with trains to Liverpool Street taking 9 minutes, alternatively reached directly by bus within 30 minutes. Shoreditch is reached by bus in 20 minutes. The area hosts an abundance of independent eateries, and bars around Mare Street and the fashionable Broadway Market which is reached within 10 minutes walk.

Accommodation

Unit 2 - 191 sq m (2,054 sq ft)

Terms

Tenure - Leasehold - 999 years from completion at a peppercorn ground rent.

Guide Price - £750,000

Specification

• Virtual freehold - 999 year lease
• Day care nursery investment
• About 191 sq m (2,054 sq ft)
• New 25 year lease from completion with mutual break clause every 5 years
• Guide price reflects a gross yield of 8.22% 
• Currently producing £61,620 per annum