A mortgage-free portfolio of seven one-bedroom apartments in a major regeneration project in the Royal Borough of Greenwich. All seven are let and professionally managed, held in a single UK company, and available as a share sale or an asset sale.
Income
- Rent roll: £11,345.98 a month, £136,151.76 a year
- Managing agent fee (5.5%): £7,488.35 a year
- Net income after management fee: £128,663.41 a year
- On the £3,500,000 asking price: 3.89% gross, 3.68% net (service charge, ground rent and insurance not included)
- About £500,000 per apartment
The apartments
- 7 onebedroom apartments, 100% let
- 3 with parking; 3 furnished, 4 unfurnished
- Leasehold, 250year lease
- 1.8acre garden square, 24hour concierge, gym
Transport
- Excellent transport links nearby, with mainline and Elizabeth line stations within walking distance.
- Quick access to Canary Wharf, the City, and the West End.
Full tenancy schedule and company information available to serious buyers on request.
Figures are indicative and not an offer. Buyers should take independent legal, tax and financial advice.
