Freehold Ground Rent Investment

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 & amenities. 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.