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PRIME CORNER RESTAURANT & RESIDENTIAL BUILDING FREEHOLD INVESTMENT FOR SALE

For Sale
600 Kingsland Road, London E8 4AH
PRICE: Upon Application

LOCATION:

The property is situated in a prominent location on the corner of Kingsland Road and Dalston Lane immediately adjacent to the new Dalston Junction London Overground Station.  The immediate area has undergone a major development of newly constructed residential and commercial buildings.  In addition Dalston Kingsland Rail Station is within a few minutes walk. Numerous bus routes also serve the area.

DESCRIPTION:

The building is arranged over basement, ground and three upper floors currently arranged as a ground floor restaurant with basement kitchen. The upper floors presently comprise 17 self-contained studio flats accessed via its own entrance on Kingsland Road. Each flat comprises studio room with kitchen, separate shower room/wc. The property may also suit development, subject to receipt of Planning Permission.

AREAS (all measurements are approximate):

Ground Floor Restaurant:               1,222 Sq Ft      ( 113.60 Sq M )

Basement Kitchen & Ancillary:     1,435 Sq Ft      ( 133.33 Sq M )

Residential:                                           3,552 Sq Ft     ( 330 Sq M )

Total Area:                                             6,209 Sq Ft    ( 576.93 Sq M )

TENANCIES

Ground Floor Restaurant & Basement:

Let on a Full Repairing and insuring lease for a term of 20 years from October 2000, subject to 4 yearly rent reviews at a current rental of £75,000 per annum exclusive. The Tenants are currently negotiating a new lease with the Landlords. Further details upon request.

Residential:

 The flats are all currently let on Assured Shorthold tenancy agreements and produce an income of £179,625.36  per annum exclusive.

Vacant Flats

There are currently 4 vacant Studio Flats that are undergoing refurbishment which has a proposed income of £55,527.48 per annum exclusive.

 

Actual Income:                           £254,625.36 

Actual & Estimated Income: £310,152.84

 

IDENTIFICATION:

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

EPC:

Available upon request.

VIEWING:

Strictly by appointment through owner’s SOLE Agents Christo & Co.

CONTACT:

Paul Stone (020 7482 1203 / 07973 845 462 / paul.stone@christo.co.uk )

SUBJECT TO CONTRACT

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: August 2021
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Address

600 Kingsland Road, London E8 4AH
United Kingdom
London
Dalston
E8 4AH

Additional Details

PRICE: Upon Application
6,209
576.93
Freehold/Long Leasehold

Location On Map

Contact Team Member

Paul Stone <i>FICBA FNAEA</i><strong>Director</strong>

Paul Stone FICBA FNAEADirector









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