Income producing Investment Opportunity

Consisting of 93 self-contained studio flats, all with en-suite bathrooms, kitchens plus ancillary facilities arranged over 29,627 SQFT of GIA. The building is leased to The London Borough of Hackney until 2027. The lease commenced on 21st September 2020, expiring in September 2027. There is a tenant only option to renew for a further 7 years. Gross revenue of £1,582,391 per annum. Located adjacent to Manor House Tube Station - Piccadilly Line. 160 meters (0.09 miles) from the 115-acre Finsbury Park. Each room benefits from a dedicated kitchen and shower room, as well as access to shared laundry and communal facilities. 12 of the rooms on the ground floor benefit from mezzanine levels. Accessible, disabled bedrooms are also located on the ground floor. In the centre of the building there is a communal courtyard that all residents have access to, which includes bike storage facilities and a lift to the first floor.