Land for sale

London


£5,300,500
S.O.A.

Description


Property Details



  • Tenure: Freehold

  • Location: London

  • Type of Property: Detached

  • Bedrooms:32

  • 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.


Property Details


Tenure: Freehold


Location: London


Type Of Property: Detached


Bedrooms: 32


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 %


Mortgage Illustration


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


Need Finance to buy this Land to develop?


Please let us know, if you need finance. Our team of experts can help you to buy this portfolio with a range of options personalised for you. Even if you are an overseas investor, or representing a company registered elsewhere, financing opportunities still may be available.



Categories

Land
Property reference
TH548512_55