1076 SQUARE FOOT | FOUR LARGE DOUBLE BEDROOMS | GROUND FLOOR FLAT | SEPARATE KITCHEN / DINER & LIVING ROOM | BEAUTIFUL, COMMUNAL GARDEN SPACE | STUNNING SPITALFIELDS LOCATION | <5 MINUTES WALK TO LIVERPOOL STREET | LOW COSTS & GROUND RENTS | CHAIN FREE...
GUIDE PRICE £595,000 - £625,000
Located in the heart of Spitalfields and measuring approximately 1076 square foot, this charming apartment is bright, spacious and is available to purchase chain free with the added benefit of the development being fully gated.
Forming part of an attractive mansion block style development, the apartment comprises four large double bedrooms, a large living room with dual aspect large windows with plenty of space for dining and seating, a separate kitchen/ diner, spacious bathroom with utility area, additional second W/C with wash basin, storage cupboard, well-kept, gated communal gardens with views over the City and as it is the corner plot has triple aspect windows, allowing light at all times of days.
The well-kept apartment further contains large double glazed windows, gas central heating through a modern combination boiler and comes with gas and electrical safety certificates in place.
Spitalfields, well known for its market, shopping district, restaurants, bars and nightlife, is literally on your doorstep with an excellent choice of superb independent restaurants, coffee shops, bakeries, organic shops, cocktail bars, wine bars and mix of independent and chain stores.
The location, which makes Spitalfields so desirable, means you have Brick Lane, The City, West End and even Shoreditch/ Hoxton all in such close distance – providing some of the world’s most popular and trendy places to visit.
Within a few minutes’ walk you have a number of local Tube stations, including Aldgate (Circle/Metropolitan lines), Aldgate East (District/Hammersmith & City lines) and Tower Hill (District/Circle lines). Liverpool Street Station is accessible within 5 minutes.
Several parks are located nearby with Spitalfields City Farm being in walking distance.
The property can come vacant for those looking to live in, or for investors it can come with tenants in situ on a well-run AST.
For investors, the estimated yield would be in the region of 7.5%. A great yield overall.
GUIDE PRICE £595,000 - £625,000
Leasehold. 89 years remaining.
£10 ground rent per year.
£1,800 Estimated service charge.
Tenure : Leasehold
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A holding deposit of one weeks rent will be required to commit to the property you wish to rent. The one week deposit forms as your part of your first months advance
The tenant(s) will normally pay one month rent in advance (unless otherwise agreed by the landlord) which will cover the first month’s rent.
The tenant(s) will pay five weeks security deposit at the commencement of the tenancy and it is the landlord liability to ensure they register/protect the deposit with an approved government scheme.
You will pay interest on any payment of Rent not made, in the event of the tenant failing to pay the rent on the date it is due, the Tenant shall pay interest at the rate of 3% per annum above the Bank of England base rate on any rent remaining unpaid for more than 14 days after the day on which it became due.
The vacating tenant who wishes to replace themselves will be liable for a tenancy change charge of £50.00 or for any additional changes required during the term.
You will need to pay for the cost if a key needs to be replaced due to your error. Also pay for the cost of other security devices from £50.00+ and you will also be charged a call out charge of £85.00+ if you are locked out and need assistance either by the agent or contractor. In the event locks need to be changed you will be charged an hourly rate charged by the contractor/company used and an invoice will be provided.
Which may apply will be charged to the tenants for all damages caused by tenant’s negligence whether misuse or accidental. Out of hour’s services from: £150+ for the first hour, then £85+ per hour after that plus any additional costs incurred.
Call out charge: £85+ for the first hour, where actions/misuse of the tenant results in the agent (or nominated contractor) having to attend the property. Any time beyond the first hour to remedy the situation is charged at the hourly rate of £65+ or the hourly rate charged by the nominated company.
If tenant(s) wish to terminate the contract during the fixed term all tenants will remain liable to pay rent until the term expires. In addition you will be liable to pay an early surrender charge of £600+
Rent and costs of all utilities, including, TV licence/broadband, council tax, water, Gas/Electric.
bigmove is a member of the PRS (Property Redress Scheme), demonstrating our commitment to upholding industry standards and ensuring fair resolution processes for property-related disputes. We are also members of CMP (Client Money Protect) to ensure our commitment to safeguarding client’s funds so they are aware their money is protected. In addition we are members of the DPS, deposit Protection Scheme – (ensuring your deposit is protected)
