Freehold investment comprising eight apartments (Offers in the region of £3,000,000).
Available in an SPV, reducing stamp duty liability from £423,750 down to just £15,000.
Description: A substantial Victorian period property positioned opposite Hollow Ponds and Epping Forest. Formerly used as a B&B with individual rooms, the property was comprehensively converted in 2011 into eight self-contained apartments, comprising five two-bedroom flats and three one-bedroom flats.
The property is fully occupied, with the current owner having maintained rents at modest levels. There is clear scope to enhance the total rental income by approximately 10%-20%. The building also presents strong potential for capital growth, given its location and continued regeneration in the surrounding area.
Rent schedule, with an ERV and breakdown value available upon request.