Property photos
Just added
Guide price
£1,100,000
(£791.59/sq. ft)
Land for sale
Whitecross Street, London EC1Y1,390 sq. ft
Local area information
Property location
Nearby amenities
- Prior Weston Primary School and Children's Centre 0 miles
- City of London School for Girls 0.2 miles
- Moorgate 0.2 miles
- Barbican 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Unbroken freehold
- Mixed use investment
- Fully let
- Ground and lower ground floor hairdressers
- 3 studio flats above
- City location between Barbican and Old Street
Lower Ground and Ground Floor - Class E commercial unit measuring 33.9 square metres
First floor - Residential studio apartment - 32.3 square metres
Second floor - Residential studio apartment - 30.2 square metres
Third floor - Residential studio apartment - 32.7 square metres
The current rental income is £74,400 per annum (Water rates are included in the tenants rent as there is one water meter for the building which the owner pays for, and the commercial unit contributes 30% of this cost plus 30% of the building insurance) which represents a gross 6.76% yield. The erv on the building is £81,000 which represents a gross 7.36% yield from the guide price.
We have estimated that each studio apartment could be sold for £400,000 on the open market. Please see the downloads section for a full tenancy schedule and price appraisal.
Whitecross Street is a busy street on the fringe of the City of London and ideally located between Barbican and Old Street. The local area provides a wealth of amenities given the central London location and is popular with investors given the proximity to central London, City of London and the ever-trendy Old Street.
Tenure
The sale is for the unbroken freehold.
First floor - Residential studio apartment - 32.3 square metres
Second floor - Residential studio apartment - 30.2 square metres
Third floor - Residential studio apartment - 32.7 square metres
The current rental income is £74,400 per annum (Water rates are included in the tenants rent as there is one water meter for the building which the owner pays for, and the commercial unit contributes 30% of this cost plus 30% of the building insurance) which represents a gross 6.76% yield. The erv on the building is £81,000 which represents a gross 7.36% yield from the guide price.
We have estimated that each studio apartment could be sold for £400,000 on the open market. Please see the downloads section for a full tenancy schedule and price appraisal.
Whitecross Street is a busy street on the fringe of the City of London and ideally located between Barbican and Old Street. The local area provides a wealth of amenities given the central London location and is popular with investors given the proximity to central London, City of London and the ever-trendy Old Street.
Tenure
The sale is for the unbroken freehold.
Floor plans and tours
Floor plans (4)
More information
Listed by
Dexters - Development and Investments London
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Property descriptions and related information displayed on this page are marketing materials provided by - Dexters - Development and Investments London. 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 Dexters - Development and Investments London for full details and further information.