1 bedroom flat for sale

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1 bedroom flat for sale

Bradstock Road, London, E9
£192,500

Our Summary

  • 00pa - Property Currently Being Tenanted By Three Separate Tenants - Current Managing Agent In Place - 91 Years Remaining On The Lease (council owed building so extensions would be available via Hackney council) - CASH BUYERS ONLY - Fantastic Location - Low Asking Price To Reflect Lease Extension And Cash Buyers Only INVESTMENT INFORMATION - Asking Price £192,500
  • Cash Buyers Only

Description

This one/two-bedroom apartment is being sold with tenants in situ, currently generating a rental income of £30,000 per annum. The property is situated in a fantastic location and has 91 years remaining on the lease, with the possibility of extending the lease through Hackney council. The apartment is currently tenanted by three separate tenants and has a managing agent in place. Due to the lease extension and the requirement for cash buyers only, the asking price is set at £192,500. The property offers a gross yield of 15% and a net yield of 11.7%, making it an attractive investment opportunity.
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