Waterside Lodge, Langthorne Road, Leytonstone, Waltham Forest
Size
7,296
Tenure
Freehold
EPC
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Parking
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- Primary use
- Care home facility
Key features
- Gross Yield of 9.38%
- Suitable for a range of occupiers in the housing sector
- C2 use or Sui Genesis
- 7,296 sq ft
Description
Accommodation is arranged as 14 x self-contained studios and 2 x 2 bedroom flats.
Measuring 7,296 sq ft GIA, the building also benefits from a large rear garden and communal facilities inclusive of staff rooms.
Planning use is either C2 (residential care home) or ‘temporary housing accommodation (Sui Generis)’, giving the asset the opportunity to benefit from nightly rents.
The property could suit a range of different occupiers in the social housing sector.
Underpinned by the LHA rates, the asset rented out on this basis would generate an income of £234,552 per annum.
Freehold for Sale with Vacant Possession.
PROPOSAL
OIEO £2,500,000 subject to contract, reflecting a low capital value of £342 psf and an estimated Gross Yield of 9.38% against the LHA rate.
- Service charge
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- Business rates
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- Use class
- Sui Generis
- Listed building
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Waterside Lodge, Langthorne Road, Leytonstone, Waltham Forest
About ESTATE OFFICE INVESTMENTS LIMITED, London
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 to deliver the best possible outcomes for our clients. Entrepreneurial in style with the success which comes with several decades of service, our clients see Estate Office as their long-standing agency of choice
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Disclaimer - Property reference WatersideLodge. 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.