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20 Mowlem Street, London, E2 9HE

£7,250,000

£644.10 per sq ft

Business rates & charges may apply

Fyfe Mcdade Limited, London
SIZE AVAILABLE

11,256 sq ft

1,046 sq m

SECTOR

Land for sale

USE CLASSUse class orders: C3 Dwelling Houses

C3

Key features

  • Rental Income £418,440 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 £418,440 pa. Priced at just £763 per sq ft, which is well below the area's average.

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.

20 Mowlem Street, London, E2 9HE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cambridge Heath Station0.1 miles
  • Bethnal Green (Underground) Station0.5 miles
  • London Fields Station0.5 miles

About Fyfe Mcdade Limited, London

1 Charlotte Road, London, EC2A 3DH

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.

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