Published: 31/05/2024 By The Development Group
A discounted mixed-use investment opportunity with asset management and development potential
- A freehold discounted investment opportunity for 9 x apartments and ground floor commercial in Hoxton.
- The property offers excellent connectivity being less than a 10 minute walk to both Old Street and Hoxton Stations. Multiple bus routes also service the immediate area.
- Apartment Mix: 2 x studios, 1 x 1 bed, 3 x 2 beds, 2 x 3 beds, 1 x 4 bed.
- The apartments are fully let on ASTs generating £356,700pa.
- All apartments benefit from private balconies together with a large communal area across the first floor.
- 4,250sqft + Ground floor (shell and core) commercial offering potential for conversion to residential or asset management subject to the necessary consents.
- Commercial ERV: £107,000pa.
- No VAT.
- Freehold subject to existing ASTs.
- Asking price: £6,000,000 unconditionally.