4 bedroom block of apartments for sale

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4 bedroom block of apartments for sale

Ridley Road, London, E8
£1,000,000

Price History

Initial price £1,200,000
21/09/24 £1,000,000
Price Change -16.67%

Description

This property offers a development opportunity comprising a ground floor commercial unit, a ground floor flying freehold, and two residential flats on the first and second floors. The commercial unit currently generates a rental income of £27,400 per annum, while the two flats are estimated to achieve rental prices of £22,000 and £24,000 per annum, respectively. Overall, the development has a projected total income of £73,400 per annum, providing a lucrative investment opportunity. Additionally, there are potential development opportunities subject to planning permission, offering further scope for growth and enhancement of the property's value.