Sphere Apartments, 25 St Pauls Way, London, Tower Hamlets, E3 4YE
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Property Description
A freehold block comprising of 12 flats arranged over 6 stories producing a ground rent income of £4,900 p.a. Sphere Apartments is situated on St Paul’s Way in Mile End, East London, close to a range of local shops & ameneties. Mile End Underground Station (Central, District and Hammersmith & City lines) and Limehouse Station are approximately half a mile away, providing convenient connections to the City, Canary Wharf and wider London.
12 Flats all sold off on long leaseholds of 150 years from 01.02.2017.
7 flats have a ground rent of £450 p.a.
5 flats have a ground rent of £350 p.a.
Each ground rent is subject to review every 21 years based on RPI.
Air space sold off on a 999 year lease from 01.02.2022 at a peppercorn.
PRODUCING £4,900 P.A.
Auction Surveyor: Stuart Mackay
Contact: 020 8509 4447 / 07928 456 982
stuart.mackay@strettons.co.uk
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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Sphere Apartments, 25 St Pauls Way, London, Tower Hamlets, E3 4YE
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