27 Ridley Road, Hackney, E8 2NP
1,660 Sq Ft / Retail / General Retail
For Sale
- £450,000.00
Available - Last updated: 10 February 2025
Summary
27 Ridley Road is a prominently located shop in the Heart of Ridley Road Market, E8.
The tenant has a lease of the whole premises and currently rents out the basement as small storage lock ups, runs the ground floor as Pamir Meat Shop and wholesalers and rents the upper parts out separately.
The first floor is arranged as 2 bedrooms of good sizes, with a kitchen, w/c and shower room, additionally there is a small roof terrace. The second floor is one bedroom in the eves. Overall the residential parts are in poor condition however with refurbishment at the end of the lease (subject to possession) could generate a sizeable increase in rent.
Benefits include good ceiling heights to the commercial element, good frontage (15.75 feet), extremely busy retail location, asset management / refurbishment potential.
‘There is also potential to add an additional floor subject obtaining planning and the necessary permissions.’
Key Points
Let to Abdul Rashid for a term of 5 years from 15th August 2023, expiring 14th August 2028 at £30,000 per annumThe Lease is contracted outside of the 1954 Landlord & Tenant ActLocated on one of London's remaining traditional market roads, in operation since the 1880sIn the Heart of Dalston East LondonA short walk to Dalston Kingsland's StationHuge asset management potentialLow passing rent with a lot of room for increase at the lease expiry (subject to obtaining possession)
Viewings
Via arrangement with the sole agents Dutch & Dutch.
Investment Summary
Total Income: £30,000 per annum
Gross Initial Yield: 6.60 % on a guide price of £450,000 (Plus VAT)
WAULT: 3 years 6 months
The lease and rent deposit deed are available on request.
Location
Situated just off Kingsland Road, Dalston, the property is located in prominent position on Ridley Road in the heart of a bustling and vibrant Market Street.
Dalston Kingsland Railway and Dalston Junction Stations are within a 1 to 5 minute walk from the property, with several bus routes also serving the immediate area.
There are many national and independent businesses in close proximity, including, M&S, Aldi, Sainsbury’s, Greggs, McDonalds and many more. As well as the benefit of numerous other amenities such as restaurants, street market, cafe's and retailers within a short walk to the premises.Terms
Freehold
Title Number: LN38425
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£450,000.00
| NA |
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