This freehold property represents a unique investment and development potential in the bustling area of Stoke Newington. Nestled within a secure gated environment, the site houses 17 residential apartments spread across four distinct buildings, comprising a mix of one, two, three, and four-bedroom units—all currently occupied under Assured Shorthold Tenancies, yielding an impressive annual rental income of approximately £490,000 with near-full occupancy.
Beyond the existing residential units, there are three vacant plots ripe for development, offering a range of possibilities subject to obtaining the necessary planning permissions. Initial design concepts suggest:
- Plot 1 (at the rear): suitability for 4-5 mews houses
- Plot 2 (on the side): accommodation for 5-6 mews houses
- Plot 3 (fronting the site): capacity for 9 new apartments alongside 2 commercial units
Additionally, the premises include an office space currently leased to a nursery operator and another commercial block secured under lease agreements. These elements present ongoing revenue streams and potential future redevelopments.
With its current income performance paired with significant scope for enhancement through future developments, this site offers an exceptional opportunity to create a prominent gated community in a sought-after London neighborhood.
