October 26, 2016
Back to the Market: 47-49 Tudor Road, London Fields E9
Anton Page are delighted to reinstate the marketing of this great opportunity to acquire a mixed use investment building in the fashionable area of London Fields, Hackney.
There was an abortive sale of this building after Brexit and we have been instructed to bring the property back to the market.
47-49 Tudor Road is a converted warehouse providing approx. 4,725 sq. ft. of office accommodation and 19 residential units. 7 Residential units are sold and 12 are let on AST’s. It is situated in a fantastic London Fields location which is currently increasingly popular with a wide variety of people, including young professionals due to the excellent transport links.
The building itself has great scope to improve common parts, office and residential accommodation, allowing the option to greatly improve upon the current rental income. The current annual rent is £113,400 per annum / £24 per sq. ft.
A sale at £7.1m reflects a blended Net Initial Yield of 4.9% after purchasers costs at 6.8% and produces an overall capital value of £574 per sq. ft.
Please contact us now on 020 7336 1313 to arrange an inspection!