Log In/Sign up
Your email has been sent.
7 Langthorne Rd - Waterside Lodge 7,296 sq ft Health Care Building Offered at £2,500,000 at a 9.38% Net Initial Yield in London E11 4HL
Investment Highlights
- 0.4 miles from Leyton Station (Central Line)
- Short journey away to Westfield Stratford
- Close to numerous local amenities, including independent cafes and national supermarket chains
Executive Summary
An opportunity to acquire a recently refurbished, detached, temporary accommodation building, situated in the heart of Leytonstone.
The property is located just 0.4 miles from Leyton Station (Central Line). Accommodation is arranged as 14 x self-contained studios and 2 x 2 bedroom flats.
Measuring 7,296 sq ft GIA, the building also benefits from a large rear garden and communal facilities inclusive of staff rooms.
Planning use is either C2 (residential care home) or ‘temporary housing accommodation (Sui Generis)’, giving the asset the opportunity to benefit from nightly rents.
The property could suit a range of different occupiers in the social housing sector.
Underpinned by the LHA rates, the asset rented out on this basis would generate an income of £234,552 per annum.
Freehold for Sale with Vacant Possession.
The property is located just 0.4 miles from Leyton Station (Central Line). Accommodation is arranged as 14 x self-contained studios and 2 x 2 bedroom flats.
Measuring 7,296 sq ft GIA, the building also benefits from a large rear garden and communal facilities inclusive of staff rooms.
Planning use is either C2 (residential care home) or ‘temporary housing accommodation (Sui Generis)’, giving the asset the opportunity to benefit from nightly rents.
The property could suit a range of different occupiers in the social housing sector.
Underpinned by the LHA rates, the asset rented out on this basis would generate an income of £234,552 per annum.
Freehold for Sale with Vacant Possession.
Property Facts
| Price | £2,500,000 | Costar Property Class | C |
| Price Per Bed | £138,889 | Total Plot Size | 0.24 ac |
| Sale Type | Investment | Property Size | 7,296 sq ft |
| Yield | 9.38% | No. Beds | 18 |
| Tenure | Freehold | No. Floors | 2 |
| Property Type | Health Care | Year Built | 1960 |
| Property Subtype | Nursing Home |
| Price | £2,500,000 |
| Price Per Bed | £138,889 |
| Sale Type | Investment |
| Yield | 9.38% |
| Tenure | Freehold |
| Property Type | Health Care |
| Property Subtype | Nursing Home |
| Costar Property Class | C |
| Total Plot Size | 0.24 ac |
| Property Size | 7,296 sq ft |
| No. Beds | 18 |
| No. Floors | 2 |
| Year Built | 1960 |
1 1
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
7 Langthorne Rd - Waterside Lodge
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.