Alie St, Aldgate, London, E1 31 bed block of apartments for sale

>

Alie St, Aldgate, London, E1 31 bed block of apartments for sale

Alie St, Aldgate, London, E1
£9,500,000

Our Summary

  • Situated moments from Aldgate and Whitechapel, this elegant period property offers a secure, long-term income stream and excellent capital growth potential

Description

Symons House is a rare opportunity to acquire a freehold residential investment in a prime City fringe location, offering a secure, long-term income stream and excellent capital growth potential. The property, originally built in 1800, has been sensitively converted into 13 self-contained apartments, ranging from one to three bedrooms, with a large communal roof terrace offering panoramic views of London. Ten apartments are currently let to Anglo American Educational Services, a well-established education and accommodation provider, generating an annual income of £463,500, which is set to rise to £522,000 by Year 5. Additionally, three apartments have been sold off on long leases, generating ground rent income. The property benefits from excellent transport connectivity, with Aldgate Underground Station just 320 meters away, and is surrounded by a wealth of amenities, including Spitalfields Market, Brick Lane, and the Whitechapel Gallery.