Michael Naik

Stoke Newington High Street

Stoke Newington, London N16
Type: Commercial

Guide Price: £849,995

Available

Summary

Freehold Sale - Vacant commercial unit with residential ground rents.

Accommodation

A rarely available opportunity to secure a Freehold building set in the heart of Stoke Newington. The property is arranged a a commercial unit over ground floor and basement, in addition to two upper floors comprising of two flats, both sold off and the sale of the freehold is with the benefit of 2x ground rents at £150 per annum each (£300 per annum in total).

The commercial unit is currently advertised on the market with a rent of £49,995 (as of February 2024) and a permitted use Class E of the Town & Country Planning (Use Classes) order. The property is conveniently located on Stoke Newington High Street (A10) just south of the Stoke Newington Church Street junction and set amongst a well established collection of both independent retailers and well known brands such as Franco Manca, Pret-A-Manger & Costa Coffee.

Property benefits from gas supply, 3 phase electricity supply, basement with full sound proofing and sump pump and fitted with both burglar and fire alarms.

GROUND FLOOR - 1397 SQ FT

BASEMENT - 888 SQ FT

TOTAL - 2285 SQ FT

GARDEN AREA - 561 SQ FT