Property photos
Guide price
£578,000
(£857.57/sq. ft)
Retail premises for sale
Stoke Newington Church Street, London N16674 sq. ft
Local area information
Property location
Nearby amenities
- William Patten Primary School 0 miles
- St Mary's Church of England Primary School, Stoke Newington 0.3 miles
- Stoke Newington 0.3 miles
- Rectory Road 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for South Hackney, Stoke Newington and Stamford Hill to find out more about the local area.
Features and description
- Boutique retailer
- Freehold
Location
The unit is located on Stoke Newington Church Street, at the junction with Lancell Street. The local area is predominantly residential and benefits from a good number of boutique and national operators on the street.
Neaby occupiers include Foxtons, Whole Foods Market, Mind and Pret A Manger.
Description
The unit is arranged over ground floor and basement, occupying a prominent corner position and benefiting from a good return frontage on Lancell Street.
Tenure
Freehold.
The residential upper parts have been sold off on long leaseholds at a peppercorn ground rent.
Price
Offers in the region of £578,000, which represents a Net Initial Yield of 6.5%, after deducting purchaser’s costs, and a reversionary yield of 6.84%.
Building Type
Class E use.
VAT
The premises are not elected for VAT.
EPC Rating b-27
47 Stoke Newington Church Street
Tenant - Jimmy Fairly UK Limited
Use - Class E
Size - 474 sq ft ground floor with 200 sq ft basement
Lease start 07/07/2022
Lease end 06/07/1932
Rent review 07/07/2027
Break clause 06/06/2027
Rent
Year 1 - £37,500 pax
Year 2 - £38,500 pax
Year 3 - £39,500 pax
Year 4 - £40,500 pax
Year 5 - £41,500 pax"
Total 674 sq ft
Current income is £39,500 pax
The unit is located on Stoke Newington Church Street, at the junction with Lancell Street. The local area is predominantly residential and benefits from a good number of boutique and national operators on the street.
Neaby occupiers include Foxtons, Whole Foods Market, Mind and Pret A Manger.
Description
The unit is arranged over ground floor and basement, occupying a prominent corner position and benefiting from a good return frontage on Lancell Street.
Tenure
Freehold.
The residential upper parts have been sold off on long leaseholds at a peppercorn ground rent.
Price
Offers in the region of £578,000, which represents a Net Initial Yield of 6.5%, after deducting purchaser’s costs, and a reversionary yield of 6.84%.
Building Type
Class E use.
VAT
The premises are not elected for VAT.
EPC Rating b-27
47 Stoke Newington Church Street
Tenant - Jimmy Fairly UK Limited
Use - Class E
Size - 474 sq ft ground floor with 200 sq ft basement
Lease start 07/07/2022
Lease end 06/07/1932
Rent review 07/07/2027
Break clause 06/06/2027
Rent
Year 1 - £37,500 pax
Year 2 - £38,500 pax
Year 3 - £39,500 pax
Year 4 - £40,500 pax
Year 5 - £41,500 pax"
Total 674 sq ft
Current income is £39,500 pax
More information
Listed by
Assembly Commercial Real Estate
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