15 bedroom terraced house for sale

Tenure: Freehold

An investment opportunity for sale comprising a development of 18 houses with private gardens arranged around a central communal courtyard with 18 undercroft parking spaces accessed via a security gate. The gross passing rent is currently ?729,240 per annum. These properties are in a cul de sac location close to the River Thames and within a short walk of Hilton Pier, which provides the shuttle river service to Canary Wharf. Canada Water tube station on the Jubilee and East London lines is within walking distance and also accessible by bus. We understand that the houses have C3 use and are currently being used as licensable HMOs with individual rooms let on Assured Shorthold Tenancy agreements. The HMO licenses are specific to the property owner and not transferable. There is an onsite janitor overseeing the communal parts provided as part of the service charge. Numbers 1-12 Pattina Walk are freehold. Numbers 14-19 Pattina Walk and the parking spaces are on 250 year leases from 1st October 1987. There is a peppercorn ground rent.