The Property
Arranged as a commercial unit over the ground floor, and three self-contained flats across the upper parts.
Situated within close proximity to Shoreditch, and just off Old Street (A5201), the property occupies a prime position approximately an 8 minute walk (0.4 miles) from Hoxton Train Station. With the oldest street market in Hackney (Hoxton Street Market) operating directly outside every Saturday, the building enjoys strong levels of both pedestrian and vehicular passing trade.
The Transaction
We were appointed sole selling agent by the vendor. Following a targeted marketing process, terms were successfully agreed with an investor at full market value. During conveyancing, it was identified that the property constituted a “flying freehold”, introducing additional legal complexity. Nevertheless, the transaction was managed proactively and efficiently, resulting in completion on the originally agreed terms and within the anticipated timeframe. The purchaser intends to retain the property as a long-term investment within their income-producing portfolio.
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