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Commercial Investment Property in Hoxton

Hoxton, N1 - Get Access

Description

A ground floor retail investment in N1 currently let to a convenience store located within a popular/fashionable mixed commercial and residential area, a short distance from the junction with Old Street, about 0.5 miles from Old Street station (Northern line and mainline), close to Hoxton and the A501 City Road. Ground Floor accommodation extends to approximately 767 sq ft (71.2 sq m) based on VOA. Occupied on a 20-year lease, inside the Landlord and Tenant Act 1954 Part II, from 17/01/2012 at £25,000 per annum exclusive. Held on a long leasehold interest of 250 years from One Housing, granted 17/01/2012 at a peppercorn.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 767 sq ft (Listing)

Valuing this ground floor commercial retail investment in Hoxton relies primarily on an income-capitalisation approach. The property comprises 767 sq ft of modern retail space let to an established convenience store on a long lease. Location context near Old Street and the solid 7/10 condition support a reliable commercial investment valuation based on current passing rent and yield expectations.

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