Available
London E1 – 3-Bed Flat with Garden
Flat 2, 300 Stepney Way, Stepney Green, London E1 3DWShare of Freehold Residential Investment
Price
OIEO £650,000
Rent P.A.
£33,600
Yield
5.17%
Tenure
Freehold
Area
1,689 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises 3-bed ground floor apartment with large garden at rear
- Residential block new build in 2017
- Situated within 12 min walk from Stepney Green Underground Station
- Mile End Road is within close proximity, which hosts retailers such as Asda, Nandos, German Doner Kebab, The Gym Group and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises 3-bed ground floor apartment with large rear garden at rear, providing the following accommodation and dimensions:
Flat 1: 157 sq m (1,689 sq ft)
Gross Internal area: 80 sq m (861 sq ft)
3 bedrooms, kitchen/living room, 2 bathrooms
Garden area: 77 sq m (828 sq ft)
Flat 1: 157 sq m (1,689 sq ft)
Gross Internal area: 80 sq m (861 sq ft)
3 bedrooms, kitchen/living room, 2 bathrooms
Garden area: 77 sq m (828 sq ft)
Tenancy Description
The property is at present let on AST to an Individual for a term of 12 Months from 21st May 2023 at a current rent of £33,600 p.a. Deposit held of £3,000.
Tenure:
Share of freehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Share of freehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
The property is located in the heart of Stepney, opposite Stepney Green Park and Farmers Market. Stepney Green Underground Station is 12 min walk, providing direct services to central London. Mile End Road is also within close proximity, which hosts retailers such as Asda, Nandos, German Doner Kebab, The Gym Group and many more.
