Summary - APARTMENT 811, BALTIC VIEW, 25, NORFOLK STREET L1 0BE
1 bed 1 bath Apartment
Ready-made rental with strong yield in Baltic Triangle.
Guaranteed rental scheme in place to September 2024
Advertised 8% gross yield for investor income
410 sq ft open-plan studio; compact city living
Communal gym, games lounge, cinema room, launderette
Leasehold tenure — buyers must check lease length and terms
Ground rent £300 pa; additional leasehold/admin fees possible
Community heating scheme; services and appliances untested
Located in inner-city Baltic Triangle — strong student demand, high deprivation
This purpose-built studio in Baltic 56 is offered as a ready-made investment with a tenant in situ on a guaranteed rental scheme to September 2024, delivering the advertised 8% gross yield. The compact 410 sq ft open-plan layout is designed for student or single-occupier rental and benefits from large windows and natural light.
Communal amenities include a gym, games lounge, cinema room and launderette that support strong tenant demand and reduce day-to-day management. Ground rent is £300 per year and heating is provided via a community scheme; council tax is described as very cheap.
Buyers should note key leasehold considerations and potential extra costs: the property is leasehold, additional fees (leasehold packs, administration) may apply, and services/appliances have not been tested. The building sits in an inner-city, high-deprivation area which suits student demand but may deter owner-occupiers seeking quieter neighbourhoods.
This is a straightforward entry-point investment for someone prioritising yield and rental continuity to 2024. Prospective purchasers should verify lease details, running costs and commission a survey before purchase to confirm condition and service arrangements.
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