Global property consultancy Knight Frank, together with the London agent Kingsbury, are bringing the freehold property 85 Lordship Road, London N16, to market with a guide price of £8 million.
Knight Frank and Kingsbury are advising Jewish Care and the Secretary of State for Heath & Social Care on the sale.
The property provides around 18,000 sq ft of accommodation and extends to 1.41 acres; it is currently being used for educational and healthcare purposes with current occupancies including JTAG, Vishnitz and Norwood.
The site is suitable for continued existing uses or alternative uses such as a residential-led development (subject to the usual consents).
Emma Cleugh, Head of Institutional at property consultancy Knight Frank said: “This is a rare opportunity to acquire a high-quality freehold asset in Hackney, the size of which rarely comes to the market – something that is likely to appeal to a number of buyers. Whilst suitable for its current use, which is currently generating an income of around £130,000 per annum, an initial massing study shows that the site could also be developed to accommodate over 70 residential units whilst still retaining a community use element. Given its excellent location and clear income-producing potential, we have already had a lot of interest.”