- A rare opportunity to acquire an income producing residential investment located between Shoreditch and Hoxton.
- The property is ideally located 0.6 miles from Old Street Station (Northern Line) and 0.7 miles from Hoxton Station (Overground).
- Comprises 9 self-contained flats arranged over first, second, third and fourth floors:
2 x studios
1 x 1 bed
3 x 2 beds
2 x 3 beds
1 x 4 bed
- Measuring 6,183 sq ft NIA.
- The property is fully let producing a current passing rent of £353,700 pa.
- Freehold.
- The ground floor commercial element is available via separate negotiation.
PROPOSAL
We are instructed to seek Offers In Excess Of £4,600,000 (Four Million Six Hundred Thousand Pounds), subject to contract. A purchase at this level reflects a Gross Yield of 7.69%.
