Duke of Wellington

260 Haggerston Road, Hackney, London, E8 4EP
Offers In The Region Of £1,450,000
Duke of Wellington, Hackney – freehold pub investment
  • Let to Ei Group Ltd (wholly owned subsidiary of Stonegate Pub Company Ltd)
  • Attractive corner building with residential accommodation in the upper floors
  • Lease term of 25 years from December 2024, expiring in December 2049
  • Passing rent of £90,000 pa, five yearly rent reviews via CPI with a collar and cap of 1% and 4%
  • Circa 200 metres north of Haggerston Railway Station
  • Gross internal area of approximately 371 sq m (3,996 sq ft)
  • Offers in the region of £1,450,000 reflecting a net initial yield of 5.85% assuming standard purchaser costs
  • Capital value of £362 per sq ft at the guide price

51.540048066112, -0.07442966391721

Disclaimer

Notice AG&G for themselves and for the vendor of this property, whose agents they are given notice that 1. These particulars do not form any part of the offer or contract. 2 They are intended to give a fair description of the property but neither AG&G nor the vendor accept responsibility for any error they may contain, however caused. Any intending purchaser must therefore satisfy himself by inspection or otherwise as to their correctness. 3 neither AG&G, nor any of their employees, has any authority to make or give any further representation or warranty in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.