19 Bed Block Of Apartments House For Sale Mintern Street, London, N1

£6,000,000- Block Of Apartments

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Last Updated: 24th May 2024

Description

Prime Investment Opportunity: Block of 9 Apartments in Shoreditch with additional commercial space.

We are pleased to present a block of 9 apartments located in the highly sought-after area of Shoreditch. These properties are currently let on Assured Shorthold Tenancies (ASTs) and generate a gross yield of 6% per annum.

Current Configuration:

2 Studio Apartments
1 One-Bedroom Apartment
3 Two-Bedroom Apartments
2 Three-Bedroom Apartments
1 Four-Bedroom Apartment

Residential Gross Internal Area: 6221sq ft. (Excluding Commercial Space)

The current owners have initial planning to convert the existing commercial space into additional residential units,
specifically:
2 One-Bedroom Apartments
2 Studio Apartments


Location:
This property offers excellent connectivity and convenience, situated close to both Hoxton and Shoreditch.

The nearest stations include:
Old Street Underground (Northern Line)
Essex Road (National Rail)
Highbury & Islington Station (National Rail & Victoria Line)
Additionally, the property is well-served by bus routes on Southgate Road and New North Road, providing easy access to the City.

This is a prime opportunity for investors seeking a stable income in a vibrant and desirable part of London. For more information or to arrange a viewing, please contact us on
Agent Details
Hemmingfords
Hemmingfords, Second Floor, 34 Upper Street, London, N1 0PN

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested