East London Investment Opportunity

Do you fancy owning an apartment block in the up and coming area of Bethnal Green?  It's London so it 'ain't' going to be dirt cheap'.  This apartment block comprises of a block of 10* 1bed, 2*2bed & 2*3 bed apartments.  The rents from this lot is £212,591.  This seams a lot but the current asking price is £3,250,000 which makes a projected yield of just over 6.5%.  Some pundits have been arguing that London investment property has reached it's zenith and it destined for a fall. Read my pre - Olympic review of the East London residential property market to get a feel for the area.

The full details of Belgrave Court, 71-73 Temple Street, Bethnal Green, London E2
are:

• Purpose built block (with lift)
•  14 self contained flats (10 x one bed, 2 x two bed and 2 x three bed)
• Ancillary basement office suite
• Fully let subject to 14 Assured Shorthold Tenancies and a Licence Agreement
• Total Current Rent Reserved: £212,591 per annum
• Overall Gross Internal Area: (excluding common parts) 758.78 sqm (8,168 sqft)
• Within walking distance of Bethnal Green Underground (Central Line) and Cambridge Heath Mainline stations

For more details contact Allsop:

Adam Kerven +44 (0)20 7344 2628
William Shoebotham +44 (0)20 7344 2659
James Hood +44 (0)20 7344 2637

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