9 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Investment Opportunity
- Freehold Building
- Approximately 7000sqft
- 7 One Bedroom Flats & 1 Two-Bedroom Flat
- Commercial Unit
- Potential For Further Development (STPP)
Location: Situated on Hoxton Street, this property is at the heart of one of London's most eclectic and dynamic neighbourhoods. Hoxton is renowned for its trendy atmosphere, artistic community, and convenient access to a wide array of amenities and transportation options.
Building Overview:
• Freehold Status: This property offers the coveted freehold status, granting the owner complete control and autonomy over the entire premises.
Ground floor Commercial Development:
• The expansive ground floor commercial space, measuring nearly 3000sqft, presents an excellent opportunity for a variety of businesses, including restaurants, offices, or art galleries.
• Featuring large shopfront windows and ample street frontage, this space ensures exceptional visibility and an ideal setting for engaging customers. The shop also benefits from a 362sqft cellar.
Residential Units:
• The building comprises a total of 8 residential units:
• 7 cleverly designed one-bedroom flats, offering modern living spaces with high-quality amenities. Four flats benefit from outside terraces with one flat benefitting from 2 private balconies, and another flat featuring Juliette balcony.
• 1 spacious two-bedroom flat, catering more generous accommodation.
• Each residential unit is thoughtfully configured with open plan layouts, an abundance of natural light, and premium finishes to attract discerning tenants.
Current Rental Income:
• All 8 residential flats are currently leased under Assured Shorthold Tenancies (ASTs).
• The current rental income from these flats stands at an impressive £175,000 per annum. However, there's potential for even higher yields given the current market conditions.
Commercial Shop Revenue:
• The ground floor commercial space has the potential to generate an estimated yearly revenue of between £35,000 to £40,000, although it had also been receiving £75,000 per year previously.
Investment and Growth Potential:
• As a freehold property in Hoxton, it offers the owner flexibility for long-term strategic decisions, including possible redevelopment or resale.
• Hoxton's thriving real estate market, ever-increasing popularity, and property values make this an exceptionally attractive investment choice.
This freehold building with 8 flats and a sizable ground floor commercial space on Hoxton Street is an unparalleled investment opportunity. Whether you're an experienced property investor seeking to diversify your portfolio or a newcomer looking to capitalize on the growth potential of this trendy area, this property provides a unique chance to secure a valuable asset.
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