Mawney Road, Romford, London, RM7
![ESTATE OFFICE INVESTMENTS LIMITED, London](https://media.rightmove.co.uk/company/clogo_69701_0001.jpeg)
- PROPERTY TYPE
House
- BEDROOMS
12
- SIZE
3,049 sq ft
283 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Direclty let to London Borough of Havering
- 12 brand newly refurbished studios
- Passing Rent £199,680 per annum
- 11.25% Gross Yield
- FRI Leases
- 2 freehold buildings
- OIEO £1,775,000
Description
A local authority let residential investment opportunity.
* Two recently converted houses that have been fully refurbished throughout.
* Number 177 provides 6 self-contained studios with an additional office across
1,467 sqft of accommodation.
* Number 179 provides 6 self-contained studios with an additional lounge and
communal kitchen across 1,582 sqft of accommodation.
* Total GIA across the two buildings 3,049 sqft.
* Both buildings benefit from C3 use.
* All flats are EPC Rating C.
* Recently let to The London Borough of Havering on a 2 year lease with no breaks.
* Current passing rent £199,680 p.a.
* Freehold.
PROPOSAL
Offers in excess of £1,775,000 (One Million, Seven Hundred and Seventy Five Thousand Pounds) subject to contract. A purchase at this level will reflect a highly attractive gross initial yield of 11.25%.
Contact Harry Marks to request further information +44 (0)
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Mawney Road, Romford, London, RM7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Romford Station1.0 miles
- Gidea Park Station1.8 miles
- Chadwell Heath Station1.8 miles
About the agent
A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.
Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 177-179MawneyRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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