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Residential Investment For Sale - London E8

With Planning Permission Granted to Extend Ground and Lower Ground Floors

74 Graham Road, 
LONDON E8 1BX


Available to buy freehold

Offers in excess of  £675,000 subject to contract

Net internal area: 165.50 sq.m. (1781 sq.ft.)


Gilbox

20400



Ownership: Freehold
Price: Offers in excess of  £675,000 subject to contract
Location:

The property is located on the southern side of Graham Road, mid way between Greenwood Road to the east and Massie Road to the west. This is within the heart of inner east london, an area which continues to benefit from substantial gentrification, particularly given its proximity to the city and its improving transport connections. 

It is situated only moments from London Fields; its peaceful green spaces and lido along with the trendy atmosphere and gourmet food of Broadway Market, which is also close by to the south.

Hackney Central and the Dalston Junction are only a few minutes walk from the property to the east and west respectively, providing vibrant high street shopping, bars and leisure facilites in abundance.

Access into the City via Shoreditch High Street, Canary Wharf via Canada Water, West End via Highbury & Islington and Stratford is made seamless by the newly opened London Overground tube extensions. The line running from Dalston Junction, which is just over a quarter of a mile to the west of the subject property has recently been linked to the Victoria line at Highbury and Islington. Now services between Highbury and Islington and Dalston Junction run every 7-8 minutes. 

There are also many local bus routes servicing the area.

Description:

The subject property is an end of terrace period building, which currently comprises a lower ground floor one bedroom apartment let as two studio apartments with shared WC and shower facilities and three self contained one bed apartments on ground, first and second floors. 

The property is fully let on Assured Shorthold Tenancies and the rental income is as follows:

Lower Ground Floor Studio 1:          £480 per calendar month
Lower Ground Floor Studio 2:          £480 per calendar month
Ground Floor Apartment:                  £650 per calendar month
First Floor Apartment:                       £560 per calendar month
Second Floor Apartment:                  £560 per calendar month

 

The extended and reconfigured property will provide a 2 bedroom apartment at lower ground floor level and three 1 bedroom apartments on the upper floors.

Planning Permission has been granted to enlarge::
  • The lower ground floor by 15.4 sq.m (166 sq.ft) saleable area to create one 2 bed flat in place of the existing two studios
  • The ground floor by 5.7 sq.m (61 sq.ft) saleable area to create a larger 1 bed flat
Accommodation: Net internal area: 165.50 sq.m. (1781 sq.ft.)  comprising:
Existing Lower Ground Floor50.70 sq.m.
545 sq.ft.
Let as two studio apartments with shared WC and shower facilities. Income 960 pounds sterling pcm
Existing Ground Floor34.10 sq.m.
367 sq.ft.
Let as one bedroom apartment. Income 650 pounds sterling pcm
Existing First Floor35.70 sq.m.
384 sq.ft.
Let as one bedroom apartment. Income 560 pounds sterling pcm
Existing Second Floor45.00 sq.m.
484 sq.ft.
Let as one bedroom apartment. Income 560 pounds sterling pcm
Terms: Freehold for sale subject to the various assured shorthold tenancies in place generating an income of £32,760 per annum.
Service charge: N/A
Legal fees: Each party bears own legal fees
Local authority: London Borough of Hackney
Viewings: By prior appointment with sole agents Gilmartin Ley, telephone 020 8882 0111 - Click here for Enquiries
Reference: 20400    Updated: 31 Jan 2012
Download more information:
  • Existing Floor Plans & Proposed Floor Plans and Elevations

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