Offers over
£1,400,000
6 bed block of flats for saleStepney Way, London E1
6 beds
6 baths
6 receptions
EPC Rating: B
Freehold
About this property
Ref: Jagun
Comprises 2 x 3-bedroom ground floor apartments with large rear gardens
Includes 7 apartments on upper floors, all sold-off on long leaseholds
The residential block has been newly developed in 2017
Gross Initial Yield: 4.95%
Rental Income: £70,500 p.a.
Sold With Freehold
Jagun - Comprises new-build residential block, consisting of 2 x 3-Bed apartments at ground floor, and additional 7 apartments on upper floors which have been sold-off on long leaseholds expiring 2145.
The property provides the following accommodation and dimensions:
Ground Floor:
Flat 1: 157 sq m (1,689 sq ft)
Gross Internal area: 80 sq m (861 sq ft)
3 bedrooms, kitchen/living room, 2 bathrooms
Garden area: 77 sq m (828 sq ft)
Flat 2: 157 sq m (1,689 sq ft)
Gross Internal area: 80 sq m (861 sq ft)
3 bedrooms, kitchen/living room, 2 bathrooms
Garden area: 77 sq m (828 sq ft)
First-Fourth Floor: 3 x 1-bed and 4 x 2-bed apartments (sold-off)
Tenancy:
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 1st March 2023 at a current rent of £34,800 p.a.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from 21st May 2023 at a current rent of £33,600 p.a.
Flat 3 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 4 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 5 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 6 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 7 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 8 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 9 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145
The property provides the following accommodation and dimensions:
Ground Floor:
Flat 1: 157 sq m (1,689 sq ft)
Gross Internal area: 80 sq m (861 sq ft)
3 bedrooms, kitchen/living room, 2 bathrooms
Garden area: 77 sq m (828 sq ft)
Flat 2: 157 sq m (1,689 sq ft)
Gross Internal area: 80 sq m (861 sq ft)
3 bedrooms, kitchen/living room, 2 bathrooms
Garden area: 77 sq m (828 sq ft)
First-Fourth Floor: 3 x 1-bed and 4 x 2-bed apartments (sold-off)
Tenancy:
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 1st March 2023 at a current rent of £34,800 p.a.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from 21st May 2023 at a current rent of £33,600 p.a.
Flat 3 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 4 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 5 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 6 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 7 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 8 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145.
Flat 9 has been sold-off on long leasehold for a term of 125 Years from 25th March 2020 at a ground rent of £300 p.a. Reversion 2145
.png){kind=logo}