Description

Highfield are pleased to offer for sale this unbroken freehold comprising of eight luxury apartments (4x 2 beds, 2x 1 beds, 2x studios), which were constructed in 2013 to a high specification. All apartments are let on AST’s producing £137,760 per annum as per our below schedule. The current income represents a 5.85% yield at guide price (before costs). In our opinion the break up value is in the region of £3,300,000 if the properties were placed individually onto the open market. In our opinion the investment also offers asset management potential as some units are currently under let. Our owners currently fully insure and manage the freehold.

Location

The site is situated within the highly sought after South Woodford. South Woodford is considered very popular and offers an array of exclusive clubs, restaurants and boutique shops. The beautiful Epping Forest is only a short drive from the property providing an excellent retreat from the city. Westfield Shopping Centre is also a 10 minute drive from the property. Nearby schools are Churchfields and Oakdale primary schools, together with St Josephs’ Convent voluntary maintained school and Woodbridge Secondary School.

Transport

The property is located within a five-minute walk of South Woodford tube station (Zone 4), providing a direct route into London Liverpool Street via the Central Line within 20 minutes. South Woodford sits at the junction of the North Circular Road, which provides access to the start of the M11 Motorway leading to London Stansted Airport and the M25.

Viewings

Please speak to a member of the Highfield team for viewing arrangements

Additional Information

Copies of the existing AST’s are available upon request.

Tenure

Freehold

Terms

Offers in excess of £2,350,000 for the vacant freehold interest.