2 Westgate Street, Hackney, London, E8 3RN
£571.04 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,189 sq ft
203 sq m
- SECTOR
High street retail property for sale
Key features
- Rare freehold opportunity in the London Fields area of Hackney situated just off Mare Street and close to the famous and hugely popular Broadway Market
- Close to London Fields and Cambridge Heath Overground stations, both providing direct access to Liverpool Street Station
- Building configured as a self-contained retail premises on ground and basement floors, with 2 office units on the upper floors
- Total Net Internal Area of 2,189 sq ft (203.37 sq m)
- Retail unit let to Sichuan Fry Limited on a 15-year lease expiring 3 May 2037 (14 years unexpired/term certain). Lease is contracted out of the 1954 Act protection
- Retail unit providing a total passing rent of £60,000 per annum, with open market rent reviews at 31st May 2027 and 31st May 2032
- Office units to be sold with the benefit of vacant possession, having been recently refurbished to an excellent Cat-A specification in a media style. Currently marketed to rent at £39.83 per sq.
- Potential for conversion of the upper floors to residential use, as well as additional mansard floor development to mirror the neighbouring building, subject to necessary planning consents
Description
The property comprises an inter-terraced brick building constructed in 1890 forming a self-contained retail unit over the ground and basement floors with an active frontage by way of a glazed shopfront entrance onto Westgate Street, with two upper floors each providing office units with a separate entrance benefiting from shared WC and kitchen facilities on the top floor. The office floors have been recently newly refurbished.
Location
The property is located in east London within the London Borough of Hackney, and is situated on the north side of Westgate Street at its junction with Mare Street, and in close proximity to London Fields. Mare Street remains one of the most popular destination retail pitches in the London Fields area of Hackney being the host of Broadway Market, Netil Market, and the Mare Street Market. Broadway Market is a thriving street full of coffee shops, bars, pubs, and restaurants, as well as many independent retail shops. Weekends see street markets on Saturdays and Sundays with over 50 stalls.
The area is well connected, with London Fields and Cambridge Heath Overground stations both within a short walk providing direct access to
Liverpool Street station.
Availability_text
The accommodation comprises the following areas:
Brochures
2 Westgate Street, Hackney, London, E8 3RN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- London Fields Station0.2 miles
- Cambridge Heath Station0.4 miles
- Hackney Central Station0.6 miles
About Strettons, London
1-3 Sun Street, London, EC2A 2EP
Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.
For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.
Notes
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