Studio For Sale in London, E14
| Price | £ 285,000 |
| Reference | 54143 |
| Address |
New Providence Wharf, 1 Fairmont Avenue, London, E14 9PF (Map Location) |
| Beds | 0 |
| Baths | 1 |
| Type | Studio |
| Tenure | Leasehold |
An excellent investment opportunity in New Providence Wharf. This well-presented studio apartment with private balcony and riverside aspect is currently let at £1,800 pcm, producing £21,600 per annum and a 7.58% gross yield at the £285,000 asking price. Long lease, EWS1 B1 certification and access to concierge, gym, spa and swimming pool. Parking available by separate negotiation & cost.
Description
A well-presented studio apartment with private balcony and riverside aspect in the highly regarded New Providence Wharf development, offering an attractive opportunity for an investment buyer.
The apartment is currently let at £1,800 per calendar month, producing annual gross rental income of £21,600. At the asking price of £285,000, this represents an attractive gross yield of approximately 7.58%.
KEY FEATURES
• Asking price £285,000
• Currently let at £1,800 pcm
• Annual gross rental income £21,600
• Gross yield approximately 7.58%
• Private balcony with riverside aspect
• Established and proven rental demand
• Approximately 975 years remaining on the lease
• EWS1 B1 cladding certification
• 24-hour concierge
• Residents' gym, spa and swimming pool
• Excellent Canary Wharf Jubilee and Elizabeth Line connectivity
• Professionally managed development
• Ideal investment opportunity
THE PROPERTY
The apartment provides an attractive entry point into the Canary Wharf residential investment market and combines a highly accessible purchase price with strong rental income.
The accommodation is arranged as a modern studio apartment with living and sleeping space, kitchen and bathroom, together with the considerable benefit of a private balcony and riverside aspect.
The property forms part of New Providence Wharf, an established riverside development offering an impressive range of residents' facilities including concierge services, gym, spa with swimming pool and business suite.
INVESTMENT
The apartment is currently producing rental income of £1,800 per calendar month, equivalent to £21,600 per annum.
At the £285,000 asking price, this represents a gross rental yield of approximately 7.58%.
Rental demand within New Providence Wharf has historically been strong, making the property particularly attractive to buyers seeking an established income-producing London residential investment.
The property is being sold with the existing tenancy, providing an incoming investor with rental income from completion.
NEW PROVIDENCE WHARF
New Providence Wharf is an established riverside residential development situated immediately to the east of Canary Wharf.
The development provides residents with a range of facilities including concierge services, gym, spa and swimming pool, while its riverside position provides convenient access to Canary Wharf and the wider Docklands area.
The location is particularly popular with professionals working in Canary Wharf and the City because of its transport connections.
Blackwall DLR station provides convenient access to Canary Wharf and the wider Docklands network, while the Jubilee and Elizabeth Lines at Canary Wharf provides fast connections across central London and to Heathrow Airport.
Canary Wharf itself offers an extensive range of restaurants, bars, cafés, shops and leisure facilities.
TENURE AND FURTHER INFORMATION
Tenure: Long leasehold
Lease: Approximately 975 years remaining
Current rent: £1,800 pcm
Annual gross rent: £21,600
Service charge: Approximately £2,500 per annum
Ground rent: Approximately £350 per annum
EWS1: B1 certification
The property is currently tenanted and is offered for sale as an income-producing investment.
Viewing is recommended for investors seeking a well-located Canary Wharf property combining established rental income, strong tenant demand, excellent residents' facilities and a long lease.
View the EPC for this property