Current Instructions

Residential Investment

Charter House, Ilford, IG1

Available
DESCRIPTION
  • An unbroken residential block comprising 106 apartments located in Ilford IG1.
  • The building is situated 0.4 miles from Seven Kings Station (Elizabeth Line & Thameslink), offering direct access to Liverpool Street Station in just 20 minutes.
  • A new development completed in April 2020 benefitting from a new build warranty expiring in April 2030.
  • The accommodation comprises 60 one-bedroom, 21 two-bedroom and 25 three-bedroom apartments. In addition, there is a commercial unit on the ground floor measuring 2,691 sq ft.
  • A secure underground car park offering 54 spaces.
  • 98 apartments benefit from private balconies. 
  • Total NIA – 73,916 sq ft.
  • The building is 100% occupied and achieving an annual rent of £2,186,100.
  • The property benefits from a recent EWS1, rated ‘B1’.
  • Freehold.
PROPOSAL

Guide Price : £32,000,000
subject to contract

GROSS YIELD

6.83%

CAPITAL VALUE

£432 psf

BTR Investment Block of 106 Apartments
Key features
Low capital value of £432 psf
6.83% gross yield
0.4 miles to Seven Kings Station
The building is 100% occupied achieving annual rent of £2,186,100

1, commercial unit, 60 one-bedroom, 21 two-bedroom and 25 three-bedroom apartments

98 apartments benefit from private balconies
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