Alie St, Aldgate, London, E1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
31
- BATHROOMS
31
- SIZE
15,705 sq ft
1,459 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
- Prime City fringe freehold investment
- Producing rising annual income with secure tenant covenant
- Large communal roof terrace with London skyline views
- Attractive £868 psf capital value compared to local sales
- Excellent transport links and vibrant City-edge setting
Description
Situated moments from Aldgate and Whitechapel, this elegant period property offers a secure, long-term income stream and excellent capital growth potential.
Originally constructed circa 1800 and sensitively converted into modern residential apartments, Symons House combines historic character with contemporary living across 13 well-proportioned flats. The property benefits from a large communal roof terrace offering panoramic views across London.
The property comprises 13 self-contained apartments (1 x one-bedroom, 6 x two-bedroom, and 6 x three-bedroom units) arranged across two interlinked buildings.
- 10 apartments are currently let on a commercial lease to Anglo American Educational Services (AAES), a well-established education and accommodation provider.
- 3 apartments have been sold off on long leases, generating additional ground rent income.
The accommodation extends to approximately 10,945 sq ft (1,017 sq m) of internal space across lower ground, ground, and five upper floors.
Income & Lease Details
- Current income: £463,500 per annum
- Rising annually to: £522,000 per annum by Year 5
- Additional ground rent income: £1,700 per annum
- Total income: £465,200 per annum
- Tenant: Anglo American Educational Services (established 1977, c.£20m turnover)
- Lease expiry: June 2030
- Freehold interest subject to existing leases
The surrounding area offers an abundance of amenities, from the boutiques and restaurants of Spitalfields Market to the vibrant culture of Brick Lane and Whitechapel Gallery. The City of London is only moments away, making this a highly desirable location for both residents and occupiers
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Alie St, Aldgate, London, E1
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Visit our security centre to find out moreDisclaimer - Property reference WILL2000C38. 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 Willmotts, 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.
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