Available
London E8 – Former Bank with Permitted Development
20-22 Amhurst Road, Hackney, London E8 1JWFreehold Vacant Retail & Ground Rent with Residential Development Potential
Price
£1,495,000
Rent P.A.
£200
Tenure
Freehold
Lease Term
Vacant
Area
5,086 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises prominent corner building arranged as a former bank at ground and part first floor (Class E) with 2 residential flats on part first and second floor, which have been sold-off on long leaseholds
- Permitted development potential of first floor to convert into 3+ residential apartments
- Situated within short walk from Hackney Central and Hackney Downs Railway Stations, with occupiers nearby include Costa Coffee, McDonalds, Marks & Spencer and TK Maxx, amongst many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises prominent corner building arranged as a former bank at ground and part first floor (Class E), with 2 residential flats on part first and second floor, which have been sold-off on long leaseholds. The property provides the following accommodation and dimensions:
Ground Floor: 286.69 sq m (3,086 sq ft)
Open plan former bank hall, offices, storage, wc
Part First Floor: 185.84 sq m (2,000 sq ft)
Ancillary rooms, kitchen, wc
Part First Floor: Residential Flat (sold-off)
Second Floor: Residential Flat (sold-off)
Total GIA: 472.53 sq. m (5,086 sq ft)
Ground Floor: 286.69 sq m (3,086 sq ft)
Open plan former bank hall, offices, storage, wc
Part First Floor: 185.84 sq m (2,000 sq ft)
Ancillary rooms, kitchen, wc
Part First Floor: Residential Flat (sold-off)
Second Floor: Residential Flat (sold-off)
Total GIA: 472.53 sq. m (5,086 sq ft)
Tenancy Description
The retail premises are at present vacant.
Flat 1 has been sold-off on long leasehold for a term of 125 Years from November 2005 at a ground rent of £100 p.a. Reversion 2130.
Flat 2 has been sold-off on long leasehold for a term of 125 Years from November 2025 at a ground rent of £100 p.a. Reversion 2145.
Flat 1 has been sold-off on long leasehold for a term of 125 Years from November 2005 at a ground rent of £100 p.a. Reversion 2130.
Flat 2 has been sold-off on long leasehold for a term of 125 Years from November 2025 at a ground rent of £100 p.a. Reversion 2145.
Tenancies & Accommodation
Location Description
Hackney is a popular area of London approximately 4 miles north-east of central London, being between Shoreditch and Lower Clapton. The property is situated within short walk from Hackney Central and Hackney Downs Railway Stations. Occupiers nearby include Costa Coffee, McDonalds, TK Maxx, Marks and Spencer and more.
