Sold on 12/10/2022
£12,200,000 (Subject to Contract and Exclusive VAT)
See attached brochure.
The property is situated in the vibrant and affluent London
Borough of Hackney, a short distance from Central London.
The area is synonymous with fashion, culture & food, open
spaces and creative industries.
The A10 connects east towards Hackney north towards Enfield and Cheshunt, and
the A12 and A406 links Hackney to towards Essex, and west towards Wembley.
The M25 and M11 connects Hackney to Greater London and regional destinations.
Hackney is served by a robust network of London Overground routes with several
Stations. Indeed, the property is located adjacent to Hackney Central Overground
Station, with Hackney Downs, London Fields and Homerton all located a short
distance away, offering services to Highbury and Islington (7 minutes), Stratford
(10 minutes) and Clapham Junction (55 minutes).
Hackney Downs and London Fields Stations offer direct trains into London Liverpool
Street within 9 minutes, linking to national rail, underground and crossrail services.
There are numerous bus routes in the vicinity serving the immediate and
London City airport is located 8 miles away (13km) while London Stansted airport
is 32 miles (51km) distance.
Constructed in 2015, the building comprises a Hotel, Aparthotel and three
unit shops. The unit shops are arranged over ground floor levels although,
Unit 1 (occupied by TK Maxx) is also arranged over basement level. All units
benefit from prominent frontages to Amhurst Road.
Travelodge is arranged over ground and six upper floors and contains 80
hotel rooms. The entrance is located to the side of the building and is shared
with KIP Aparthotel, which is part of the freehold demise, but has been sold
off on a long leasehold.
Servicing is shared and adjacent to the hotel entrance.
£890,559.00 per annum exclusive
A net initial yield of 6.85%.
Surveyor | Investment
Partner | Investment
Green & Partners understand our needs and continually exceed expectations.
Thorough, tenacious, practical in their outlook and approach but above all they get results.
La Salle Investment Management
The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.
M & G Real Estate
Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.
With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.
27 Beak Street, Carnaby, London, W1F 9RU
020 7659 4848 | email@example.com