Freehold Shop & Upper Parts in Ridley Road Market Leased as a whole
- Let to Abdul Rashid for a term of 5 years from 15th August 2023, expiring 14th August 2028 at £30,000 per annum
- The Lease is contracted outside of the 1954 Landlord & Tenant Act
- Located on one of London's remaining traditional market roads, in operation since the 1880s
- In the Heart of Dalston East London
- A short walk to Dalston Kingsland's Station
- Huge asset management potential
- Low passing rent with a lot of room for increase at the lease expiry (subject to obtaining possession)
- freehold
27 Ridley Road is a prominently located shop in the Heart of Ridley Road Market, E8.
The tenant has a lease of the whole premises and currently rents out the basement as small storage lock ups, runs the ground floor as Pamir Meat Shop and wholesalers and rents the upper parts out separately.
The first floor is arranged as 2 bedrooms of good sizes, with a kitchen, w/c and shower room, additionally there is a small roof terrace. The second floor is one bedroom in the eves. Overall the residential parts are in poor condition however with refurbishment at the end of the lease (subject to possession) could generate a sizeable increase in rent.
Benefits include good ceiling heights to the commercial element, good frontage (15.75 feet), extremely busy retail location, asset management / refurbishment potential.
‘There is also potential to add an additional floor subject obtaining planning and the necessary permissions.’
Address:
27 Ridley Road, Hackney, London, E8 2NP
Type:
Retail
Tenure:
freehold
Unit & Floors
| Unit | Floor | SQ FT / SQ M | AVAILABILITY |
|---|---|---|---|
| 1 | basement | 800 / 74 | Available |
| 2 | Ground | 860 / 80 | Available |
| 3 | 1st | 1 / 0 | Available |
| 4 | 2nd | 1 / 0 | Available |
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