1 bedroom flat for sale

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1 bedroom flat for sale

Bradstock Road, London, E9
£200,000

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 £200,000
  • Cash Buyers Only

Description

This one-bedroom apartment is being sold with tenants in situ, generating a current rental income of £30,000 per annum. The property is currently tenanted by three separate individuals and has a managing agent in place. The lease has 91 years remaining, with potential for extension through Hackney Council. The asking price is £200,000, reflecting the need for a cash buyer and the requirement for a lease extension. The property offers a fantastic location and a low asking price, making it an attractive investment opportunity. The current rental income is £2,500 per month, providing a gross yield of 15.0% and a net yield of 11.7%, after service charges, ground rent, and management fees.
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