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The Tram Depot | 38-40 Upper Clapton Road, London E5 8BQ

Investment Summary

• Steeped in history, the site houses the Old Clapton Tram Depot – a 19th Century Victorian horse-drawn depot.

• With many of its original features having been retained, the site now comprises a thriving complex of light industrial workshops, photographic & artist studios, event spaces and leisure uses.

• Clapton falls within the London Borough of Hackney and bounded by Dalston, Hackney and Stoke Newington.

• Suggested as one of East London’s most exciting corners, Clapton is characterised by a socially diverse and vibrantly multicultural community.

• Total GIA of 62,309 sq ft (5,789 sq m) and NIA of 55,943 sq ft (5,197 sq m).

• The site is multi-tenanted and currently producing a net income of £1,004,666 per annum reflecting a low blended rent of only £17.96 per sq ft on the NIA and £16.12 per sq ft on the GIA.

• Total site area of 1.49 acres (0.603 hectares).

• Locally listed in part.

• The site benefits from a historic planning consent from December 2011 for a part new build and part conversion to a mixed-use scheme comprising 85 residential units and c.21,000 sq ft of Class B1(c) Light Industrial setting a clear precedence for higher density redevelopment.

• Various active management opportunities.

• Freehold.

• Offers invited, subject to contract and exclusive of VAT. Consideration would be given to both unconditional
and conditional offers.