PLEASE QUOTE MR0560

GUIDE PRICE £1,150,000 – £1,300,000 | FREEHOLD | FOUR SELF-CONTAINED APARTMENTS | CURRENT INCOME APPROX. £79,900 P.A. | POTENTIAL DEVELOPMENT UPSIDE (STPP)

A rare opportunity to acquire a substantial detached freehold investment property in East London, comprising four self-contained one-bedroom apartments and extending to approximately 1,748 sq. ft.

The four apartments are currently let and produce a combined rental income of approximately £79,900 per annum (£6,658 pcm), providing an attractive income-producing investment from day one. At the lower end of the guide price, the existing income represents a gross yield of approximately 6.95%.

Occupying a generous plot and set within an attractive courtyard-style setting, the property may also offer interesting longer-term development potential, subject to the necessary planning consents and professional advice. This potential has not been reflected in the existing rental income and provides prospective purchasers with an opportunity to investigate ways of further enhancing the site and its future value.

The existing accommodation is arranged over two floors, with each of the four apartments providing a double bedroom, open-plan reception room/kitchen and bathroom. The apartments offer bright, well-proportioned accommodation with modern interiors and neutral décor, making them well suited to the area's strong rental market.

The combination of freehold ownership, four existing income-producing units, a substantial detached building and a generous plot makes this an especially interesting proposition for investors, landlords and buyers looking for an asset with both immediate income and potential longer-term upside.

The property is superbly positioned for transport connections across London. Stepney Green Underground station is within easy walking distance, providing convenient access to The City and West End, while Whitechapel offers further Underground, Overground and Elizabeth line connections. Limehouse is also within easy reach for DLR services towards Canary Wharf and the Docklands.

The location provides excellent access to The City, Canary Wharf and wider East London, together with the area's extensive selection of shops, cafés, restaurants and amenities. The open spaces of Mile End Park and the wider attractions of the East End are also readily accessible.

With an established rental income of approximately £79,900 per annum, freehold tenure and scope for a purchaser to investigate the site's future potential, this represents a compelling opportunity to acquire a substantial income-producing asset in a well-connected East London location.

Viewings are highly recommended and strictly by appointment.