Stoke Newington Church Street, London

This gated property presents a rare investment opportunity in Stoke Newington, situated amidst a vibrant community of shops and amenities. The site comprises 17 residential units spread across four separate buildings, featuring 10 one-bedroom flats, 2 two-bedroom flats, 4 three-bedroom flats, and a spacious four-bedroom apartment—all currently under assured shorthold tenancies (AST). Additionally, there are three vacant plots with significant development prospects. Currently, the premises also house an office leased to a nursery and a commercial block occupied by another nursery on a commercial lease. With an impressive annual income nearing £490,000 and high occupancy at 99%, this property not only offers immediate returns but also exquisite potential for further development as suggested by designers: building mews houses and additional flats with retail spaces. This property could transform into a premier secure gated development in the area.