Property Details

Sold STC - Wapping Lane, Wapping, E1W - £370,000

A Large 517 Sq. Ft (48m²) Studio Apartment in Gun Wharf, a Grade 2 listed warehouse conversion in Wapping, London.

This spacious apartment offers a great deal of versatility with its open-plan design and fold away beds, allowing one to maximize the floorspace if required. Located on the fourth floor the apartment has views of The Shard from the private balcony. It also features a full-size fitted kitchen with appliances including a Washing Machine, Dishwasher, Fridge/Freezer, Dual Oven, Hob and Microwave. There is ample storage provided by the numerous built-in cupboards.

The layout of the apartment offers potential to convert to a one bedroom subject to the relevant permissions. Investors should note that the expected gross rental yield is over 5% which is significantly higher than average for the area.

Gun Wharf is ideally situated in Wapping, less than a minute from the local station and just two minutes to local shops. There are also several parks, riverside pubs, restaurants and Tobacco Dock all within a 10-minute walk.

The property is chain free and has approx. 176 years remaining on the lease.
Service charge is £3,062.42 ap.
Ground rent TBA