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Pelling Street, London E14

AN INCOME PRODUCING UNBROKEN RESIDENTIAL INVESTMENT OPPORTUNITY
For sale
  • Ideally located in Limehouse approximately 0.5 miles from Westferry (DLR) Station and 0.7 miles from Limehouse Station (DLR and Mainline).
  • The building was developed in c.2010s and is arranged over ground and four upper floors with some flats benefiting from outside space.
  • Arranged as 9 self contained flats comprising 1 x 1 bed and 8 x 2 bed with a total NIA of 6,323 sq ft.
  • Fully let on ASTs producing a total income of £144,000 pa with further rental uplifts possible.
  • Freehold.
  • Price - £3,200,000 (Three Million, Two Hundred Thousand Pounds) subject to contract which equates to a gross yield of 4.5% and a low capital value of £506 per sq ft.
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