Fyfe Mcdade Limited, London

20 Mowlem Street, London, E2 9HE

£6,500,000

Size

11,256

Tenure

Freehold

EPC

Parking

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Primary use
Mixed use
Other use(s)
Other, Land, Residential development

Key features

  • SPV or Asset purchase
  • Rental Income £442,128 pa
  • Strong yield potential
  • Scope for refurbishment
  • 18 apartments
  • Attractive communal garden
  • Secure cycle store

Description

An excellent opportunity to acquire a potentially high-yielding residential investment with scope for adding value in a prime East London location. This five-story freehold block comprises 18 flats, generating a rental income of £442,128 pa. Well below the local average, with scope to achieve higher rental income.

The ground-floor units have been converted from commercial use to create five attractive residential studios, whilst the upper floors comprise 13 modern one, two and three bedroom apartments. The property is fully let providing a consistent income stream and historically the property has experienced minimal voids.

The building is located in the heart of East London in an area with strong rental demand, close to the Regent's Canal, Victoria Park and London Fields. Cambridge Heath Overground station is a 3-4 minute walk (0.2 miles), and Bethnal Green tube is a mere half a mile away. The area has seen significant change in recent years and is now a popular residential hub, especially with young professionals, with easy access to a wide range of local amenities, including shops, cafes, markets, and green spaces. The ongoing development of nearby 555-unit Regent's View is expected to attract further interest and boost capital values in the area.

Tenancy schedule upon request.

EPC's are available for every flat upon request.
Fyfe Mcdade Limited, London

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Additional information
Service charge
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Business rates
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Use class
C3
Listed building
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Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

20 Mowlem Street, London, E2 9HE

NEAREST STATIONS

National Rail

Cambridge Heath Station

0.15 miles

London Underground

Bethnal Green (Underground) Station

0.46 miles

National Rail

London Fields Station

0.48 miles

About Fyfe Mcdade Limited, London

Fyfe Mcdade Limited, London

The market for commercial property in London is undergoing a transformation, especially in East, North and central London, where co-working has changed the face of the commercial office market. We are at the forefront of this property revolution, selling and letting spaces across the property spectrum, from hot desks in Hoxton to unique retail units for boutique businesses to whole office buildings in central London. We provide advice on every aspect of selling or letting commercial property, using our local knowledge and analysis of market data to help you find the right buyer or tenant at the best price. We are particularly good at marketing unique properties, finding a match with the specific requirements of our buyers and tenants.

If your friend was an estate agent and you asked them for property advice, you know they’d give you an honest and informed opinion. We’re no different - we live in your area, we support the local businesses and we’re part of your community, so we won’t give you anything but accurate advice and our honest view on the property market. We understand how best to maximise the value of your property because we live and breathe it. As an independent boutique agency we’re still small enough to take the time to get to know you and your property, and we have the local knowledge and experience required to get the best result for you. We like to think that we’re different from other agents, because we’re friendly as well as professional. So please get in touch for a chat about your property and the service we can offer you. We’d love to talk.

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Disclaimer - Property reference 293127-1. 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 Fyfe Mcdade 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.