- Tenure: Freehold
- Location: London
- Type of Property: Detached
- Description: Land for sale near Tower Bridge, Zone 1, close to Tower Hill station and Tower of London. Planning Permission approved for 32 Serviced Apartments C1 Use 6,000 sqft Net Internal Area (NIA) above three floors of 4,000sqft (NIA) B1A Office Space. GIA 14,200 sqft. Planning Permission granted for a seven storey building providing 379 sqm. 0.3 Miles from the proposed new Chinese Embassy in Royal Mint. Offers over £5.25M. Expected build cost £3.9M GDV £14-15M. Expected Rental Value £1.45M. Rental Yield 15%. Superb Income. Huge 50% Margin / Capital Appreciation.
Type Of Property: Detached
Predicted Financial Information
Rental Income: £ 1,450,000 pa
Net Rental Income: £ 1,320,800 pa
Net Rental Yield: 25 %
Return On Investment: 100 %
Gross Yield: 27 %
Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%
Guide Price: £ 5,300,500
Deposit Required: £ 1,325,125
Mortgage Amount: £ 3,975,375
Mortgage Payment: £ 10,767 pm
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