Place your bets as Dalston betting shop is to let

Under wraps: a handsome Dalston building has emerged
Under wraps: a handsome Dalston building has emerged

CAFÉ OPERATORS and retailers are competing for the lease of one of Hackney’s best-situated sites.

No 11 Dalston Lane attracted few glances from passers-by when it was a betting shop that looked as down on its luck as its customers.

Since its owner, Hackney council, embarked on a £350,000 restoration of the former Victorian pub, its fortunes have looked up.

The site is almost opposite Dalston Junction overground and, depending on how TfL prevaricates, near an ever-moving bus stop on heavily used routes.

The council wants about £25,000 a year for the ground floor and basement. The lease is for only five years and the landlord will be able to break it after two years.

Applications closed in February 2016. They have been whittled down to eight, and include a nearby social entrepreneur.

The language used by the property firm hired by the council will confirm the fears of locals worried about the so-called gentrification of the last decade.

CF Commercial described Dalston as “one of London’s most fashionable postcodes” with a “young, affluent, aspirational and trend-setting population”.

David Altheer 060416

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