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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom

Features

  • Leasehold
  • Corporate Lettings and Serviced Accommodation
  • Potential For Fantastic Rental Returns
  • 5 Year Leasehold Purchase
  • Potential net Annual Income: £15,264.00

Listing view statistics

Last 30 days: 4413 page views

Since listed: 4413 page views

Description

Gps are thrilled to present a rare but lucrative opportunity to purchase this property with five years remaining on the leasehold. The apartment benefits from a superb central London location, with principal commercial, leisure and shopping areas all within easy reach by public transport.

This specialised serviced accommodation property offers high rental income, with a projected £76,320.00 in net profit over the full term and this leasehold purchase has 5 years remaining!

Please see our financial breakdown:

Figures based on an projected annual average occupancy of 80% pcm and annual projected average nightly rate of £240

Projected monthly figures:

Projected rental income = £5,840.00
Projected management costs (20% of rental income) = £1,168
Rent to landlord (the investor is responsible to pay rent on a monthly basis) = £3,100
Projected bills (a variable cost based on the property in terms of utility bills i.e council tax, water, electric, gas etc.) = £300
Potential average net monthly income = £1,272.00
Potential average net annual income = £15,264.00
Potential average net income over 5 year term = £76,320.00

This is an absolutely fantastic opportunity to acquire this spacious two-bedroom fully furnished apartment!

**Disclaimer - There is no option to purchase the property at the end of the term. Tenants may choose to self occupy this apartment although gps would advise that this property is set up for and used as serviced accommodation utilising the corporate lets and/or the short lets model. The figures provided in the financial breakdown are potential or projected figures that have been sourced from the Global Serviced Apartments Industry Report 2018/2019; however gps are not able to offer any performance guarantees. The 90 day rule is applicable and also to all Central London properties; whereby a maximum of 90 days can be let out annually on a short stay basis, unless all necessary planning permissions have been given.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Masthouse Terrace Pier 0.2 miles
  • Mudchute 0.2 miles
  • Harbinger Primary School 0.1 miles
  • Canary Wharf College, East Ferry 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Masthouse Terrace Pier 0.2 miles
  • Mudchute 0.2 miles
  • Harbinger Primary School 0.1 miles
  • Canary Wharf College, East Ferry 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in E14:

  • £493,946
  • Price decrease

  • -£74,209
  • (-13.061%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £471,678
  • Properties sold

    556

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in E14 is currently:

£2,544 pcm

Recent sales nearby

See all recent sales in E14
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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The Agent

Price history

Sold prices provided by Land Registry
15th Aug 2019 £19,433 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by GPS (UK) Ltd. 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 GPS (UK) Ltd for full details and further information.