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

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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 the heart of London's City fringe, located moments from Aldgate and Whitechapel. The property, originally built in 1800, has been sensitively converted into 13 well-proportioned flats, offering a secure, long-term income stream and excellent capital growth potential. The property is currently let on a commercial lease to Anglo American Educational Services, generating an annual income of £463,500, which is set to rise to £522,000 by Year 5. The property also benefits from additional ground rent income from three apartments sold on long leases. With a total income of £465,200 per annum, Symons House offers a highly attractive investment opportunity. The property is perfectly positioned for transport connectivity, with Aldgate Underground Station just 320 metres away, and is surrounded by a vibrant area with a range of amenities, including boutiques, restaurants, and cultural attractions.