The property previously was achieving a strong rental figure and a yield of 5.75%. With updated tenancies, this yield should be able to be increased to 7-10%. The eight flats have been held as an investment portfolio by the current owner who is looking to now sell all the units. Two of the units are currently empty whilst refurbishment work is carried out between tenancies and the third empty unit is about to have a new tenancy start.

The property also offers a potential development site to the rear. As this land could be developed subject to the usual planning approvals. The building is listed and has been split into nine flats with one being sold off on a long lease.

Woolwich is a thriving part of Southeast London currently undergoing massive redevelopment and regeneration thanks to the arrival of the Elizabeth Line giving direct access to Tottenham Court Road and Paddington in around 20 minutes. There is access from Woolwich Arsenal Station providing Docklands Light Railway (DLR) and Overground options with access to London Bridge. The River Thames is with within walking distance and the open green spaces of Greenwich Park.

Disclaimer

• We try to make our details accurate & reliable, they're only a general guide and if there is any point which is of particular importance to you, please contact us and we'll check the position for you, especially if you are thinking of travelling some distance to view the property.
• Measurements shown are supplied for guidance only & must be considered incorrect.
• We've not tested any services/equipment or appliances in this property. We strongly advise buyers to get their own survey or service reports before finalising their offer to purchase.
• The details are issued in good faith and they're based on written/verbal info by the owners. They do not constitute representations of fact or form part of any offer or contract. Everything should be independently verified by prospective buyers.
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