42-56 Tottenham Road, London, N1 4BZ
- For Sale
- 11,080 Sq Ft
- £2,000,000
Freehold industrial investment for sale
Property Description
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.
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.
Tenancy Information
The entire building has been fitted out to provide 38 purpose-designed DJ, live music, vocal and podcast studios and is let to Pirate Studios Properties Limited on an 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 contractual rent becomes payable.
Accommodation
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| Mezzanine | 2,816 | 261.61 | Occupied |
| 1st | 1,493 | 138.70 | Occupied |
| Ground | 6,771 | 629.05 | Occupied |
| Total | 11,080 | 1,029.37 |
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.
VAT
Applicable
Comment: The purchase will be subject to VAT
EPC
Legal Costs
Each party to bear their own costs
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Stephen Rajbenbach
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