Sunrise Avenue, Hornchurch, London, RM12
- PROPERTY TYPE
Serviced Apartments
- BEDROOMS
19
- SIZE
6,696 sq ft
622 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- East London Location
- New 25-Year FRI Lease
- Uncapped annual CPI linked reviews
- Producing £225,155 per annum
- Freehold
- Net Initial Yield - 7.98%
Description
The building is arranged as 19 self-contained units plus games room, staff office, staff accommodation, library, meeting rooms and communal lounge measuring 6,696 sq ft GIA (622 sq m).
The property has been redeveloped to a high standard, increasing the energy efficiency of the building to EPC rating B.
Planning consent granted for the conversion of the former care home to sui generis for the use of supported housing. Planning Ref: P0364.22.
Alton House is ideally located in the popular Hornchurch 0.7 miles from Hornchurch Station (District Line).
Current passing rent of £225,155 per annum.
The property has a long-term nomination agreement with Havering Council.
Council driven project and designed in partnership with Havering Council housing team.
Offers in excess of £2,650,000 (Two Million Six Hundred Fifty Thousand Pounds) subject to contract.
A purchase at the asking price would reflect a Net Initial Yield of 7.98% assuming standard purchaser's costs.
Brochures
Brochure 1Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Sunrise Avenue, Hornchurch, London, RM12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hornchurch Station0.5 miles
- Elm Park Station0.6 miles
- Emerson Park Station1.1 miles
About the agent
ESTATE OFFICE INVESTMENTS LIMITED, London
Ground Floor 1 Finchley Road, London, NW8 9TT
A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.
Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly
Notes
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Visit our security centre to find out moreDisclaimer - Property reference AltonHouse. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call ESTATE OFFICE INVESTMENTS LIMITED, London on 020 3910 6553.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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