- Freehold Residential Investment Opportunity.
- Located in the London Borough of Hackney within Zone 2.
- Currently arranged as a 27-unit HMO.
- 8-10 off-street parking spaces.
- The property comprises approximately 771 sq m
- (8,300 sq ft) GIA.
- Let to Oliver Landon Limited for a term expiring on 31 January 2022. (The tenant has confirmed their intentions to extend their lease by a further 10 years.)
- Total current passing rent of £340,000 per annum.
- Strong underlying demand for HMO accommodation in the area.
We are instructed to seek offers in the region of £4,900,000, subject to contract, reflecting a Gross Yield of 6.93% and a Capital Value of £590 per sq ft.