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- 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.
- OIEO £2,500,000 subject to contract, reflecting a low capital value of £342 psf and an estimated Gross Yield of 9.38% against the LHA rate.
