Newly redeveloped and operational freehold block of 46 apartments in Stratford, London Zone 2 (PTAL 6b), with significant local amenities. Situated just 0.4 miles from Stratford Station, served by HS1, the Elizabeth Line, Central, Jubilee, DLR, and Overground services.
NIA of 22,353 sq ft | GIA of 29,989 sq ft | 0.45 acres of land
Unit mix: 5 x studios, 22 x 1-beds, 18 x 2-beds, 1 x 3-bed.
Comprehensively refurbished, including solar panels, new boilers and pumps, new windows, landscaping, smoke ventilation and lift.
Fully let producing £1,226,450 p.a.
C3 (residential) use class with no affordable housing restrictions and a unit mix and sizes optimised for renting.
Strong rental growth prospects driven by Stratford’s population and wage growth, proximity to universities, commutability, local supply constraints, and regulator pressure; 20.9% YoY rent increase recorded locally.
All flats benefit from an EPC B rating, with a refurbishment designed to maximise management efficiencies, lower operating expenses, and futureproof against regulation changes.
Further planning permission granted for 4 x 1 bedroom flats in independent block. Potential for an additional floor on existing building subject to planning.
PROPOSAL
Offers in excess of £18,000,000 (Eighteen Million Pounds) subject to contract. A Data Room has been assembled to assist potential purchasers in formulating their offers for the site. Click here to access Data Room https://kendonhouse.co.uk
