Rampart Street, London E1

Property Description

•Substantial corner building arranged as 5 flats currently producing c.£130,000 pa (some signed
during covid) with an ERV of c.£160,000 pa
•Comprises 1 x 1 bed, 1 x 2 bed, 2 x 3 bed and 1 x 4 bed (with private roof terrace). The 2 bed
apartments could be a 3 bed
•Building arranged over Lower Ground, Ground and four Upper floors with a GIA of 4,747 sq.ft / 441 sq.m
and an NIA of 4,531 sq.ft / 421 sq.m
•Attractive capital value of £625 psf with comparable evidence achieving close to £700 psf
•4.5% yield with ERVs raising to 5.6%
•Profitable break-up potential
•Located off Commercial Road within 0.5 mile from Aldgate East Station

Tenure: Freehold
Tower Hamlets

  • Location: Rampart Street, London E1
  • Price: £2,850,000.00
  • Bedrooms: 5

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