Block of flats for sale in Manbey Park Road, London E15
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Property features
- Investment currently let at £62,400 pa (7.34% on Guide Price)
- Comprises 5 flats
- Flats 1 and 5 have been sold on long leases
- Flats 2,3 and 4 are let at £1,800 pcm, £1,900 pcm and £1,500 pcm
- Potential for extension/building another two storeys at the rear (subject to consents)
- Opposite Maryland Station (Elizabeth Line)
- Up and coming Stratford location
Property description
Strapline
Auction Sale - 10/05/2023
Of interest to investors
Freehold Residential and Ground Rent Investment
Investment currently let at £62,400 pa (7.34% on Guide Price)
Description
The property comprises 5 flats of which 2 have been sold off on 999 year leases. The property also includes a storage unit and garden at the rear. The property does not include the bungalow at the rear, which has rights of way for exit and fire escapes. Please see legal pack for further information.
Location
Stratford is an ever-increasingly popular location in North East London. The property is located on the south side of Manbey Park Road and is less than 100m from Maryland Station (Elizabeth Line).
Transport
Maryland (Elizabeth Line), Stratford
Tenancy
Flat 1 - Let on a 999 year lease from 01.01.2022 at a ground rent of £150 pa
Flat 2 - Let on a 12 month AST from 31.08.2022 at £1,800 pcm (£21,600 pa)
Flat 3 - Let on a 12 month AST from 17.12.2022 at £1,900 pcm (£22,800 pa)
Flat 4 - Let on a 12 month AST from 24.09.2022 at £1,500 pcm (£18,000 pa)
Flat 5 - Let on a 999 year lease from 01.01.2022 at a ground rent of £150 pa
Total - £62,400 pa
Accommodation
Please note that the property has not been inspected by Savills.
Flat 2 - 2 bedrooms, 2 bathrooms, plus rear entrance and private garden courtyard
Flat 3 - 2 bedrooms, has an attractive roof terrace with potential to extend (stpp)
Flat 4 - 2 bedrooms, has an attractive private roof terrace with potential to extend (stpp)
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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