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 unique 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 an annual rental income of £27,400, while the two flats are estimated to achieve rental prices of £22,000 and £24,000 per annum, respectively. This totals a projected annual income of £73,400, making it an attractive investment opportunity. Additionally, there may be potential for development subject to planning permission, further increasing the property's value and income potential.