Prominent Jewish community building goes on the market in Hackney

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.”