Block of flats for sale in Stepney Way, London E1

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Offers over £1,400,000
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Block of flats for sale - 6 bedrooms

6 6 6 EPC Rating: B EPC Rating: B

Tenure:
Freehold
Council tax band:
Not yet known - TBC

Utilities and more details

Property features

  • Ref: Jagun
  • Comprises 2 x 3-bedroom ground floor apartments with large rear gardens
  • Includes 7 apartments on upper floors, all sold-off on long leaseholds
  • The residential block has been newly developed in 2017
  • Gross Initial Yield: 4.95%
  • Rental Income: £70,500 p.a.
  • Sold With Freehold

Property description

Jagun - Comprises new-build residential block, consisting of 2 x 3-Bed apartments at ground floor, and additional 7 apartments on upper floors which have been sold-off on long leaseholds expiring 2145.

The property provides the following accommodation and dimensions:

Ground Floor:

Flat 1: 157 sq m (1,689 sq ft)

Gross Internal area: 80 sq m (861 sq ft)

3 bedrooms, kitchen/living room, 2 bathrooms

Garden area: 77 sq m (828 sq ft)

Flat 2: 157 sq m (1,689 sq ft)

Gross Internal area: 80 sq m (861 sq ft)

3 bedrooms, kitchen/living room, 2 bathrooms

Garden area: 77 sq m (828 sq ft)

First-Fourth Floor: 3 x 1-bed and 4 x 2-bed apartments (sold-off)

Tenancy:

Flat 1 is at present let on AST to an Individual for a term of 12 Months from 1st March 2023 at a current rent of £34,800 p.a.

Flat 2 is at present let on AST to an Individual for a term of 12 Months from 21st May 2023 at a current rent of £33,600 p.a.

Flat 3 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.

Flat 4 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.

Flat 5 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.

Flat 6 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.

Flat 7 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.

Flat 8 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.

Flat 9 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145

Property info

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Tyron Ash International Real Estate, W1J on +44 20 3641 2236 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Tyron Ash International Real Estate, and do not constitute property particulars. Please contact Tyron Ash International Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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