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521 Cambridge Heath Road, London, Bethnall Green, E2 9FS

521 Cambridge Heath Road, London, Bethnall Green, E2 9FS

Mixed Use
About this Property
2022-12-08
Traditional
Mixed Use
Description

Freehold ground rents of £4360 pa secured against 11 spacious apartments in a recently constructed, 5 storey block. Potential for further development subject to planning. The flats have 10 year build warranties and are all held on leases of 250 years from 2021 with the exception of Flat 11 (250 years from 2022). Potential for further apartments utilising the air rights subject to planning. The rents have RPI reviews every 20 years from 25/03/2040. The freeholder manages and insures. Flat 1: £520 pa. Flat 2: £550 pa. Flat 4: £450 pa. Flat 5: £550 pa. Flat 6: ("help to buy" lease), no ground rent . Flat 7: £495 pa. Flat 9: £395 pa. Flat 10: £650 pa. Flat 11: £750 pa. Flats 3 & 8: Peppercorn. We refer bidders to the legal pack for a schedule of leases and copy S5B Notices served on the lessees who have not exercised their rights of first refusal.

Location
More Information
Freehold
Cambridge Heath Road
Planing Authority
Tower Hamlets LPA
Sold Price History
09 Feb 2023Sold Lot Network Auctions

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