Block of flats for sale

Waterside Lodge, Leyton, London E11

An opportunity to acquire a recently refurbished, detached, temporary accommodation building, situated in the heart of Leytonstone. The property is located just 0.4 miles from Leyton Station (Central Line). Accommodation is arranged as 14 x self-contained studios and 2 x 2 bedroom flats. Measuring 7,296 sq ft gia, the building also benefits from a large rear garden and communal facilities inclusive of staff rooms. Planning use is either C2 (residential care home) or ‘temporary housing accommodation (Sui Generis)', giving the asset the opportunity to benefit from nightly rents. The property could suit a range of different occupiers in the social housing sector. Underpinned by the lha rates, the asset rented out on this basis would generate an income of £234,552 per annum. Freehold for Sale with Vacant Possession.