Summary - THE THREE COMPASSES, 99, DALSTON LANE E8 1NH
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold multi-let mixed-use investment
- Properties include a well-known pub and 5 self-contained apartments
- Total size: 5,350 sq ft over four floors
- Current gross yield: 6.7%, with a forecast rental income of £133,000 per annum
- Ideal location: 0.4 miles from Dalston Kingsland and Dalston Junction stations
- Vibrant urban community with strong rental demand
This exceptional investment opportunity at 99 Dalston Lane combines a historic Edwardian pub with five self-contained apartments, making it a unique addition to any portfolio. Nestled in the pulsating heart of Dalston, East London, this property offers a generous 5,350 sq ft split across four floors, providing significant rental income potential. The property is fully occupied, including a well-leased pub with a renewed 25-year term, ensuring a steady cash flow.
Investors will appreciate the vibrant locale, buzzing with independent businesses and excellent transport links, perfect for attracting young professionals. With significant recent gentrification in the area, additional rental growth could be realized in the future, especially on the upper floor flats.
While this property offers a promising income stream and a desirable location, it is important to note that current tenants benefit from a capped rental increase and the commercial entity holds a concession for a rent-free month each year. Be sure to consider these factors when assessing the property's revenue forecast.
This investment is not just a property; it's a chance to be part of a thriving community that continues to evolve. With potential for future renovations and adjustments, seize the opportunity to secure a rare freehold offering that may not be available for long!
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