1 Bedroom Apartment  For Sale £370,000

CHAIN FREE

532 Sq. Ft. STUDIO APARTMENT

GREAT LOCATION

SHARD VIEW

SHARD VIEW

PRIVATE BALCONY

FULL SIZE KITCHEN

LIFT ACCESS

CONCIERGE

LONG LEASE

EPC Rating D

Council Tax Band D, Tower Hamlets

Leasehold

173 Lease Years Remaining

Service Charge £3,062 per annum

A Large 517 Sq. Ft (48m²) Studio Apartment in Gun Wharf, a Grade 2 listed warehouse conversion in Wapping, London.

This spacious apartment offers a great deal of versatility with its open-plan design and fold away beds, allowing one to maximize the floorspace if required. Located on the fourth floor the apartment has views of The Shard from the private balcony. It also features a full-size fitted kitchen with appliances including a Washing Machine, Dishwasher, Fridge/Freezer, Dual Oven, Hob and Microwave. There is ample storage provided by the numerous built-in cupboards.

The layout of the apartment offers potential to convert to a one bedroom subject to the relevant permissions. Investors should note that the expected gross rental yield is over 5% which is significantly higher than average for the area.

Gun Wharf is ideally situated in Wapping, less than a minute from the local station and just two minutes to local shops. There are also several parks, riverside pubs, restaurants and Tobacco Dock all within a 10-minute walk.

The property is chain free and has approx. 175 years remaining on the lease.
Service charge is £3,062.42 ap.
No Ground Rent
Grade II listed Building

EPC for Gun Wharf, Wapping High Street, Tower Hamlets, London, Greater London, E1W

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Fees

Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
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Property Redress Scheme Membership detailsThe law requires your membership details