Package of 25 apartments in two new residential developments in London.
Description
The package includes 25 apartments with a total leasable area of 1,270 m²:
- 1 residential complex: 20 apartments with a total area of 810 m² (2 studios, 17 one-bedroom apartments, 1 two-bedroom apartment)
- 2 residential complex: 5 apartments with a total area of 460 m² (2 two-bedroom apartments, 3 three-bedroom apartments)
Tenure: Long leasehold.
The annual income is £ 417,000 (~ 487,000 €).
The yield is 4.7%.
The expected annual income is £ 433,000 (~ 505,000 €).
The apartments are leased by 96%. Currently only one apartment is free of tenant.
The vendor will be providing a 2-year rental guarantee on the entire portfolio (including the 1 current vacant unit).
The brokerage fee is 1.5% + VAT.
The properties are located in popular area of East London.
London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.
London is the main political, economic and cultural center of the United Kingdom.
London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.
The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.
