* A desirable rare freehold multi - let mixed - use investment opportunity in the heart of Dalston, East London
* Comprising of a pub and 5 self - contained apartments arranged over four floors
* Approximately 0. 4 miles from Dalston Kingsland station and 0. 4 miles from Dalston Junction station
* Offers are invited in excess of £2, 000, 000, which represents a gross yield of 6. 6%, against the forecast rental income of £132, 000 per annum. This equates to approximate capital value of £374 per square foot of the net internal area
_Location_
The property is situated within the popular inner London district of Dalston
which is 4 miles north - east of Charing Cross in the London Borough of Hackney.
The immediate vicinity is occupied by a range of independent and well -
established national businesses which provides a vibrant environment which is
popular area with young professionals working in Central London. The area has
benefited from significant regeneration and gentrification in recent years and
is now one of the most desirable places to live and invest in London. Please
refer to the brochure for sizes.
The property is situated on Dalston Lane (A104) in between the junction with
Ridley Road and Cecilia Road. Kingsland High Street (A10) is 0. 4 miles to the
west and is one of the main arterial roads out of London that begins in
Central London and travels north through Cambridge and ends in King's Lynn. To
the east is the A12 which is 1. 7 miles to the east and the A1 is 1. 8 miles to
the West.
The area is well served by public transport. Dalston Kingsland and Dalston
Junction are both 0. 4 miles, both of which are on the London Overground. There
are numerous and regular bus services that facilitate the area, providing
access to Central London and all other local points of interest.
Please note all distances given are approximate only.
_Description_
The property is arranged over four floors. The well - known Three Compasses pub
is split over the ground and lower ground floor. There is a selfcontained flat
to the rear of the lower ground floor which is included within the pubs
demise. There are 4 self - contained flats arranged over the first and second
floor all of which are let on AST agreements. Access to the upper floor flats
is to the side of the building via a gated entrance. The property is fully
occupied, albeit we believe there is scope to increase the rental income on
the upper floor flats.
Please note that the sizes given is approximate only. All interested parties
are advised to rely on their own inspection and survey.
_Tenancy_
The ground floor is currently occupied by Cox Johns Le Camus Limited
(07730377) on a recently renewed lease for a term of 25 years with a current
passing rent of £48, 000 per annum. The commercial tenant has a concession for
the next 3 years that provides for 1 month rent free period per year. This
concession will be topped up by the seller on completion.
The flats are let on AST agreements. It is thought that there is significant
scope to increase the current income from each flat. Please refer to the
schedule for more detail.
Please see brochure for accomodation scheduale.
_Terms_
Offers are invited in excess of £2, 000, 000 for the freehold interest, which
represents a gross yield of 6. 6%, against the forecast rental income of
£132, 000 per annum. This equates to approximate capital value of £374 per
square foot of the net internal area.
_Tenure_
The freehold interest is to be sold subject to the existing tenancies.
_Data Room_
A data room has been set up and access is available on request.
_Viewings_
Viewings are strictly by appointment through sole agents Harston&Co.

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