1 bed maisonette for sale

1 Prescot Street, London E1

Description

The property needs modernization & very good investment
* 594 sqft / 55.2 sqm
* 1 Bedroom, mezzanine levels
* East Facing
* High ceilings, large floor-to-ceiling windows
* 24/7 concierge/doorman service& lift access
* secure underground parking,
* Leasehold 970 years and no chain
* Four tube stations nearby
Description
A split level one-bedroom apartment in one of Aldgates well known apartment blocks.The property needs modernisation.

Situated on the 1st floor, the apartment offers high ceilings and a reception area, separate dining room and kitchen. The flat has an underground car parking space.
One Prescot Street formerly served as Headquarters of The Co-operative Bank and was designed by renowned architect L.G. Ekins in 1932. Historic England has recognised the building as an extraordinary example of expressionist Art Deco style. A magazine article once described One Prescot Street as L.G. Ekins' masterpiece, "Its textured facade of brown bricks, bronze panels, and bold granite were an expressionist celebration; a clear symbol of success and further ambition of the Co-operative enterprise"

Sold with no onward chain. The ultra-long lease has approximately 970 years remaining.

The service charge includes water, building insurance, security, maintenance, 24/7 Concierge, and a wide range of conveniences. Additional locked storage space is available in the basement bank vaults.

Located east of the Tower of London and north of St Katharine Docks, Prescot Street boasts excellent transport links:
* Tower Hill (Circle & District Line),
* Aldgate East (Hammersmith & City and District Line), and
* Tower Gateway (DLR) stations all within close proximity, providing easy access to the City, Canary Wharf, and the West End.,
* Liverpool Street Station (Elizabeth Line to Heathrow)
* London Bridge Station (train to Gatwick).
Situated in a thriving corner of The City Fringe, with a large influx of students, young professionals, bars, and restaurants. Upside potential of the area continues as developments like London Dock and 30 Minories will bring even more amenities.

Property Ownership Information

Tenure

Leasehold 970 years

Council Tax Band
E


Annual Ground Rent

£150.00

Annual Service Charge

£3,700 (The service charge includes water, building insurance, security, maintenance, 24/7 Concierge, and a wide range of conveniences. Additional locked storage space is available in the basement bank vaults.)