Tanner Street, London SE1 3GN

£575,000.00

We are delighted to bring to the market this large one bedroom apartment boasting over 500 Sq/Ft. of internal living space and a private balcony is situated within this popular SE1 development and comes with a tenant in situ. 

This modern unit within Arc House benefits from a spacious open plan kitchen/reception room with private balcony, modern appliances, wood flooring and floor-to-ceiling glazing. There is a large double bedroom with fitted storage and a generously sized bathroom.

Centrally located in the heart of the fashionable and buzzing London Bridge Quarter, the development is only a short walking distance to many of the chic bars, gastro pubs and restaurants both London Bridge and Tower bridge have to offer. Residents have excellent transport links via the River Taxi and wonderful bus and overground train network. London Bridge and Tower Hill Underground Stations offering a platter of transport opportunities.

Investment Information

• Asking Price: £575,000.00

• Property Type: Apartment

• Number Of Bedrooms: 1

• Number Of Bathrooms: 1

• Any Additional Space: Balcony

• Tenure: Leasehold (117 years remaining)

• Ground Rent Per Annum: £250

• Service Charge Per Annum: £3,505.32

• Sqft Of Property: 511

• Tenancy: Fully tenanted

• New tenancy been pre agreed with tenants starting on the 24th Feb 2024 for 18 months. There has been a mutual 12-month break clause inserted in the agreement. This will be the 3rd agreement entered into by the tenant. 

• New Tenancy End Date: 23rd August 2025

• Current Rental Income: £2,400pcm (£553.84 per week)

• Annual Rental Income: £28,800

• Gross Yield: 5.0%

• Net Yield: 4.35%

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