ROI = 0% BMV = 0%
Gallery
Description
RESIDENTIAL INVESTMENT OPPORTUNITY The property is situated within an 8-minute walk from Holloway Road Station (Piccadilly Line), North London. The property comprises of seven self-contained apartments. o 6 x One Beds o 1 x Two Bed GIA - 2,508 sqft / NIA - 2,096 sqft. The property is fully let and has a passing rent of £109,320 per annum. There is potential to increase the rents through the LHA rates which would show an income of £124,862.40 per annum. Long leasehold interest - 999 years from 2013 with a peppercorn ground rent, thus having 987 years remaining. Guide Price - £1,250,000 (One Million Two Hundred and Fifty Thousand Pounds) subject to contract, which reflects a gross yield of 8.75% off the existing income and a gross yield of 10% off the LHA rates.
Find out MoreProperty Details
- Property ID: 157737344
- Added On: 2025-02-04
- Deal Type: For Sale
- Property Price: £1,250,000
- Bedrooms: 7
- Bathrooms: 1.00
Amenities
- Residential Investment
- Fully Let producing £109,320 per annum
- GIA 2,508 sq ft / NIA 2,096 sq ft
- Guide Price of £1,250,000
- Long leasehold interest
- Gross Yield of 8.75%
