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Summary
  • Four self-contained residential blocks comprising 135 residential apartments, plus a commercial unit on a site of 0.7 acres
  • 44 apartments and commercial unit sold off on long-leases producing £17,000 per annum
  • 91 residential apartments extending to 65,914 sq.ft. GIA (42 x 1 bed, 35 x 2 bed and 14 x 3 bed units) let on AST’s producing £1,630,262 per annum
  • All units for open market / rent with no units for affordable
  • Popular East London location within walking distance of Walthamstow High Street and St James Street Overground station
  • Offers invited in excess of £34,000,000 which reflects £500 per sq.ft. / 4.68% Net Initial Yield (assuming 6% purchase costs) on the 91 x residential units, when applying a value of £1,042,200 (5%) to the freehold ground rents
Summary
  • Four self-contained residential blocks comprising 135 residential apartments, plus a commercial unit on a site of 0.7 acres
  • 44 apartments and commercial unit sold off on long-leases producing £17,000 per annum
  • 91 residential apartments extending to 65,914 sq.ft. GIA (42 x 1 bed, 35 x 2 bed and 14 x 3 bed units) let on AST’s producing £1,630,262 per annum
  • All units for open market / rent with no units for affordable
  • Popular East London location within walking distance of Walthamstow High Street and St James Street Overground station
  • Offers invited in excess of £34,000,000 which reflects £500 per sq.ft. / 4.68% Net Initial Yield (assuming 6% purchase costs) on the 91 x residential units, when applying a value of £1,042,200 (5%) to the freehold ground rents