Auctions / Auctions

Substantial residential investment property - unbroken freehold of 24 one bed flats

Address:

Temple Dwellings, 25-48 Temple Street, Bethnal Green, London, E2 6QG

Lot 1 - 14th July 2022

The property enjoys a prominent corner position on Temple Street, overlooking the pleasant, open space of Middleton Green. Temple Street is located off the Old Bethnal Green Road (B118), between Hackney Road (A1208) and Cambridge Heath Road (A107) in vibrant Bethnal Green.

Transport links include local bus routes and Bethnal Green Underground Station (Central Line) or Cambridge Heath and Bethnal Green Rail Stations (Overground). Shopping amenities, cafes, bars and restaurants are available in surrounding Spitalfields, Hoxton, Shoreditch and Mile End or nearby Columbia Road and Broadway Markets.

The property represents a rare opportunity to acquire an unbroken freehold mansion block, arranged as 24 one bed flats. Fully let, the property currently produces an annualised income of £354,252. Over the past 10 years, the current owners have undertaken approximately £275,000 of works, including security gates, flat refurbishment and security lighting.

Guide Price £7,500,000. Sold for £7,500,000.