Block of flats for sale in Stepney Way, London E1

Investment Consideration:
Gross Initial Yield: 4.98%
Rental Income: £33,600 p.a.
VAT is not applicable to this property
Comprises 3-bed ground floor apartment with large garden at rear
Residential block new build in 2017
Situated within 12 min walk from Stepney Green Underground Station
Mile End Road is within close proximity, which hosts retailers such as Asda, Nandos, German Doner Kebab, The Gym Group and many more.

Property Description:
Comprises 3-bed ground floor apartment with large rear garden at rear, providing the following accommodation and dimensions:
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)

Tenancy:
The property 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. Deposit held of £3,000.

Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
The property is located in the heart of Stepney, opposite Stepney Green Park and Farmers Market. Stepney Green Underground Station is 12 min walk, providing direct services to central London. Mile End Road is also within close proximity, which hosts retailers such as Asda, Nandos, German Doner Kebab, The Gym Group and many more.