A substantial commercial building arranged over ground floor, extending to approximately 6,771 sq ft, together with a purpose-built first floor of approximately 1,493 sq ft. The ground floor benefits from a loading bay and roller-shutter access directly from Tottenham Road.
The tenant has installed an extensive mezzanine across the majority of the building, materially increasing the usable accommodation by 2,816 sq ft approx. An impressive full-height entrance has been retained at the front of the property.
Location
The property occupies a prominent position on Tottenham Road in Dalston, within the London Borough of Hackney.
Dalston is one of East London's most established and vibrant commercial and residential districts, characterised by a diverse mix of independent businesses, creative industries, restaurants, cafés, music venues and modern residential development.
The property is well placed for the extensive amenities available along Kingsland Road, Dalston Lane and around Dalston Square.
The location's strong creative identity, improving built environment and continued demand for both commercial and residential accommodation reinforce the property's longer-term investment and development credentials.
Accommodation
Ground Floor: 6,771 sq ft (629.05 sq m)
First Floor: 1,493 sq ft (138.70 sq m)
Mezzanine: 2,816 sq ft (261.61 sq m)
Total: 11,080 sq ft (1,029.37 sq m)
Terms
Price: £2,000,000 (Freehold)
Tenancy: The property is let to Pirate Studios Properties Limited on a Full Repairing and Insuring (FR&I) Lease expiring on 25 July 2029. The contractual rent is £170,000 per annum, although a concessionary rent of £141,661 per annum applies until 19 January 2027, after which the full contractual rent becomes payable.
VAT: The purchase will be subject to VAT.
Legal Costs: Each party to bear their own costs.