Day Care Nursery Investment, Unit 2, 35 Shore Road, Hackney, E9 7FL

The ground floor only of this new mixed-use development. The upper floors comprise 13 apartments (not included in the sale) in the popular London Fields neighbourhood of Hackney. The unit benefits from its own private entrance and will benefit from a brand new fit out. This represents an opportunity to acquire long term income in a government funded sector experiencing rapid increases in demand.

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 - £700,000

VAT - VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.

EPC - EPC Rating: B (32)

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 8.8% 
• Currently producing £61,620 per annum