Fairmule House, Waterson Street, Shoreditch, London E2 8HT. Freehold Mixed-Use Investment Opportunity For Sale

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1 ENTER Freehold Mixed-Use Investment Opportunity For Sale

2 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY 11 self-contained apartments (5 x 1 bedroom & 6 x 2 bedroom units) and 7 B1 office units extending to circa 11,020ft 2 NIA in total Fully let producing 374, per annum, offering potential for asset management and future rental growth Highly sought after location within Shoreditch, in close proximity to Hoxton and Shoreditch High Street Overground Stations Offers are invited in the region of 8,000,000 which reflects 725 per ft 2 and 4.4% NIY

3 DESCRIPTION & LOCATION HOME SUMMARY DEVELOPMENT TERMS DESCRIPTION The property comprises a 5-storey unbroken mixed-use building consisting of commercial units (B1 Use Class) at ground and first floors with residential apartments (C3 Use Class) above. The ground and first floors comprise 7 self-contained office units extending to approximately 4,471ft 2 NIA. The second, third and fourth floors comprise 11 self-contained apartments (5 x 1 bedroom and 6 x 2 bedroom units) extending to approximately 6,549ft 2 NIA. The building is of solid laminate timber construction and was completed in The property is bounded by mixed-use properties to the east and south, with a car park to the west and a public garden to the north. LOCATION The property occupies a prominent position on the corner of Waterson Street and Long Street in Shoreditch, within the London Borough of Hackney. Shoreditch is one of London s most popular areas for both living and working. The immediate area comprises a mixture of residential and commercial uses, with numerous fashionable shops, bars, restaurants and offices available nearby. The nearest stations are Hoxton (Overground), Shoreditch High Street (Overground) and Old Street (Northern Line) all of which are within short walking distance of the property.

4 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENANCIES The property is let to a range of tenants on varying leases and Assured Shorthold Tenancies (AST) as per the schedule below: Commercial Unit Floor Description NIA ft 2 Rent P.A / ft 2 Lease Start Lease End Rent Review Break Tenant 25 Waterson Street Ground B1 Office , /09/2018 London Capital Homes (Sales) 29 Waterson Street Ground B1 Office , Rolling N/A N/A Mouth That Roars Ltd 31 Waterson Street Ground B1 Office , N/A N/A Outward Housing Ltd 35 Waterson Street Ground B1 Office , N/A Webuyanyelectronics.com Ltd Unit 1, 27 Waterson Street First B1 Office , /10/2020 Panchroma Ltd Unit 1, 33 Waterson Street First B1 Office , /09/2020 Artonezero Ltd Unit 2, 33 Waterson Street First B1 Office , N/A N/A We Folk Ltd Sub-Total 4, , Residential Unit Floor Description NIA ft 2 Current Rent P.A PCM AST Start AST End Flat 2, 27 Waterson Street Second 2 Bedroom Flat , , Flat 3, 27 Waterson Street Second 2 Bedroom Flat , , Rolling Flat 4, 27 Waterson Street Third 2 Bedroom Flat , , Rolling Flat 5, 27 Waterson Street Third 2 Bedroom Flat , , Rolling Flat 6, 27 Waterson Street Fourth 2 Bedroom Flat , , Flat 7, 27 Waterson Street Fourth 1 Bedroom Flat , , Rolling Flat 8, 27 Waterson Street Fourth 1 Bedroom Flat , , Rolling Flat 3, 33 Waterson Street Second 2 Bedroom Flat , , Rolling Flat 4, 33 Waterson Street Second 1 Bedroom Flat , , Rolling Flat 5, 33 Waterson Street Third 1 Bedroom Flat , , Rolling Flat 6, 33 Waterson Street Third 1 Bedroom Flat , , Sub-Total 6, , , Grand Total 11, , , , There is potential for ongoing asset managment, break up and reversionary rent increase. Further information on the potential ERV and break up values can be found in the Sales Report within our dataroom.

5 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property is to be sold freehold, subject to the existing tenancies remaining in-situ. VAT The property is not elected for VAT. TERMS Offers are invited in the region of 8,000,000. A purchase at this level reflects a capital value of 725 per ft 2 and a Net Initial Yeild of 4.4% when accounting for 6.7% purchase costs. ADDITIONAL INFORMATION Further information including tenancy agreements, floor plans and legal documents are available within our dataroom using the access code Fairmule. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Jordan Oldfield jordan.oldfield@kingsbury-consultants.co.uk Keir Goldstein keir.goldstein@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: