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Block of apartments for sale
Trantor Court, Bush Close, Ilford, London, IG2
£2,500,000
Trantor Court, Bush Close, Ilford, London, IG2
£2,500,000
Our Summary
- SPV can be purchased to minimise stamp duty VAT is NOT applicable to this property Comprises new-build residential block of 7 apartments Includes 5 car garage at ground floor, with redevelopment potential to be converted into 1 x 2-bedroom apartment Built to a high standard including kitchen marble worktops and soft close doors/drawers, aluminium slimline doors & windows throughout, floor and full heigh wall tiled bathrooms, door entry systems, LED downlights and more Benefits from 10 year new-build warranty Situated within short walk from Newbury Park Station which provides Underground Services (Central Line) towards London Stratford, Bank, Liverpool Street, Oxford Circus and more
- Further Development Potential: Additional development potential to convert existing 5 car garage into 2-bedroom apartment, STTP
Description
This is an investment opportunity to purchase a new-build residential block of 7 apartments in Newbury Park, Ilford, East London. The property offers a gross initial yield of 6.31% and benefits from a 10-year new-build warranty. The apartments are let on Assured Shorthold Tenancies (ASTs) to individuals, with a total annual rental income of £157,800. The property also includes a 5-car garage with redevelopment potential to be converted into a 2-bedroom apartment. The location is convenient, with Newbury Park Station providing Underground Services to central London and nearby occupiers including Sainsbury's Superstore, Aldi, McDonald's, and B&Q. With further development potential and a strong rental income, this property presents an attractive investment opportunity.