Property photos
Fixed price
£2,300,000
(£455.63/sq. ft)
Block of flats for sale
Bush Close, Ilford IG25,048 sq. ft
Local area information
Property location
Nearby amenities
- Oaks Park High School 0.1 miles
- Newbury Park Primary School 0.2 miles
- Newbury Park 0.2 miles
- Barkingside 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Investment Consideration:
Gross Initial Yield: 6.87%
Rental Income: £157,800 p.a.
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.
Occupiers within 5 min walk include Sainsbury`s Superstore, Aldi, McDonalds, B&Q and more.
Property Description:
Comprises new-build in April 2024 residential block of 7 apartments (2 x 3-Bed, 2 x 2-Bed and 3 x 1-Bed). Ground floor apartments benefit from private gardens, while first and second floor apartments benefit from private terraces. The building includes 5 car garage, providing the following accommodation and dimensions:
Ground Floor
22 Bush Close: 98 sq m (1,055 sq ft)
3 bedrooms, kitchen/living, 1.5 bathrooms, garden
23 Bush Close: 70 sq m (753 sq ft)
3 bedrooms, kitchen/living, 2 bathrooms, garden
First Floor
Flat 1: 60 sq m (646 sq ft)
1 bedroom, kitchen/living, bathroom, balcony
Flat 2: 53 sq m (570 sq ft)
1 bedroom, kitchen/living, bathroom, balcony
Flat 3: 52 sq m (560 sq ft)
1 bedroom, kitchen/living, bathroom, balcony
Second Floor
Flat 4: 67 sq m (721 sq ft)
2 bedrooms, kitchen/living, bathroom, balcony
Flat 5: 69 sq m (743 sq ft)
2 bedrooms, kitchen/living, bathroom, balcony
Total Gross Internal Area: 469 sq m (5,048 sq ft)
Total Residential Outdoor Area: 104 sq m (1,120 sq ft)
Tenancy:
22 Bush Close is at present let on AST to an Individual for a term of 3 Years from 10th June 2024 at a current rent of £28,200 p.a. Deposit held of £2,711.
23 Bush Close is at present let on AST to an Individual for a term of 12 Months from 27th March 2024 at a current rent of £28,200 p.a. Deposit held of £2,711.
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 13th April 2024 at a current rent of £18,600 p.a. Deposit held of £1,788.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from 1st March 2024 at a current rent of £19,200 p.a. Deposit held of £1,846.
Flat 3 is at present let on AST to an Individual for a term of 12 Months from 20th April 2024 at a current rent of £18,000 p.a. Deposit held of £1,730.
Flat 4 is at present let on AST to an Individual for a term of 12 Months from 1st June 2024 at a current rent of £22,800 p.a. Deposit held of £2,192.
Flat 5 is at present let on AST to an Individual for a term of 24 Months from 16th May 2024 at a current rent of £22,800 p.a. Deposit held of £2,192.
Further Development Potential:
Additional development potential to convert existing 5 car garage into 2-bedroom apartment, sttp.
Garage gia: 100 sq m (1,076 sq ft)
Redbridge Planning Portal:
Location:
Newbury Park is an area of Ilford in East London situated in the London Borough of Redbridge east of Gants Hill. The A12 road runs through Newbury Park and a shopping complex lies near the Eastern Avenue / Horns Road junction. The property is located within short walk from Newbury Park Station which provides Underground Services (Central Line) towards London Stratford, Bank, Liverpool Street, Oxford Circus and more. Occupiers within 5 min walk include Sainsbury`s Superstore, Aldi, McDonalds, B&Q and more.
Gross Initial Yield: 6.87%
Rental Income: £157,800 p.a.
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.
Occupiers within 5 min walk include Sainsbury`s Superstore, Aldi, McDonalds, B&Q and more.
Property Description:
Comprises new-build in April 2024 residential block of 7 apartments (2 x 3-Bed, 2 x 2-Bed and 3 x 1-Bed). Ground floor apartments benefit from private gardens, while first and second floor apartments benefit from private terraces. The building includes 5 car garage, providing the following accommodation and dimensions:
Ground Floor
22 Bush Close: 98 sq m (1,055 sq ft)
3 bedrooms, kitchen/living, 1.5 bathrooms, garden
23 Bush Close: 70 sq m (753 sq ft)
3 bedrooms, kitchen/living, 2 bathrooms, garden
First Floor
Flat 1: 60 sq m (646 sq ft)
1 bedroom, kitchen/living, bathroom, balcony
Flat 2: 53 sq m (570 sq ft)
1 bedroom, kitchen/living, bathroom, balcony
Flat 3: 52 sq m (560 sq ft)
1 bedroom, kitchen/living, bathroom, balcony
Second Floor
Flat 4: 67 sq m (721 sq ft)
2 bedrooms, kitchen/living, bathroom, balcony
Flat 5: 69 sq m (743 sq ft)
2 bedrooms, kitchen/living, bathroom, balcony
Total Gross Internal Area: 469 sq m (5,048 sq ft)
Total Residential Outdoor Area: 104 sq m (1,120 sq ft)
Tenancy:
22 Bush Close is at present let on AST to an Individual for a term of 3 Years from 10th June 2024 at a current rent of £28,200 p.a. Deposit held of £2,711.
23 Bush Close is at present let on AST to an Individual for a term of 12 Months from 27th March 2024 at a current rent of £28,200 p.a. Deposit held of £2,711.
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 13th April 2024 at a current rent of £18,600 p.a. Deposit held of £1,788.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from 1st March 2024 at a current rent of £19,200 p.a. Deposit held of £1,846.
Flat 3 is at present let on AST to an Individual for a term of 12 Months from 20th April 2024 at a current rent of £18,000 p.a. Deposit held of £1,730.
Flat 4 is at present let on AST to an Individual for a term of 12 Months from 1st June 2024 at a current rent of £22,800 p.a. Deposit held of £2,192.
Flat 5 is at present let on AST to an Individual for a term of 24 Months from 16th May 2024 at a current rent of £22,800 p.a. Deposit held of £2,192.
Further Development Potential:
Additional development potential to convert existing 5 car garage into 2-bedroom apartment, sttp.
Garage gia: 100 sq m (1,076 sq ft)
Redbridge Planning Portal:
Location:
Newbury Park is an area of Ilford in East London situated in the London Borough of Redbridge east of Gants Hill. The A12 road runs through Newbury Park and a shopping complex lies near the Eastern Avenue / Horns Road junction. The property is located within short walk from Newbury Park Station which provides Underground Services (Central Line) towards London Stratford, Bank, Liverpool Street, Oxford Circus and more. Occupiers within 5 min walk include Sainsbury`s Superstore, Aldi, McDonalds, B&Q and more.
More information
Listed by
Blue Alpine Partners
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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.