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Property Listing Details

Property details

  • 1 bedroom
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Corporate Lettings and Serviced Accommodation
  • Potential For Fantastic Rental Returns
  • 5 Year Leasehold Purchase
  • Potential net Annual Income: €11,977.52

Listing view statistics

Last 30 days: 7927 page views

Since listed: 12087 page views

Description

Property Ref: 5346

Only 5 Years Lease Remaining

Please read the full description before making any query

We 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 specialized serviced accommodation property offers high rental income, with a projected
€59,887.60 in net profit over the full term and this leasehold purchase has 5 years remaining!
Please see our financial breakdown:

Figures based on an estimated annual average occupancy of 80% pcm and annual projected
average daily rate of €220

Projected monthly figures:
Projected rental income = €5,353.33
Projected management costs (12% of rental income) = €642
Rent to the landlord (the purchaser is responsible to pay rent on a monthly basis) = €2,947
Projected bills (a variable cost based on the property in terms of utility bills i.e council tax, water,
electric, gas etc.) = €820
Potential average net monthly income = €943.88
Potential average net annual income = €11,977.52
Potential average net income over 5-year term = €59,887.60
This is an absolutely fantastic opportunity to acquire this spacious one-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 we would advise that this property is set up for
and used as serviced accommodation utilizing 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, we 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.

Property Ref: 5346
For viewing arrangement, please use 99home online viewing system.

If calling, please quote reference: 5346

gdpr: Applying for above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property related information. If you disagree, please write to us in the message so we do not forward your details to the vendor or landlord or their managing company.

Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing on the sale.

General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99ome and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.

Disclaimer: 99home is the seller&039;s agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible.
Please inform us if you become aware of any information being inaccurate.

You could get

Fast broadband Fast broadband

Up to 21 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Aldgate East 0.3 miles
  • Aldgate 0.4 miles
  • Harry Gosling Primary School 0.1 miles
  • London Enterprise Academy 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Aldgate East 0.3 miles
  • Aldgate 0.4 miles
  • Harry Gosling Primary School 0.1 miles
  • London Enterprise Academy 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in E1:

  • £584,271
  • Price increase

  • £19,256
  • (3.408%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £559,887
  • Properties sold

    264

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in E1 is currently:

£1,907 pcm

Recent sales nearby

See all recent sales in E1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

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Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
16th Dec 2019 £12,342 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by 99Home 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 99Home Ltd for full details and further information.