Summary - Rivington Street, London, EC2A EC2A 3DZ
20 bed 1 bath Mixed Use
**Standout Features:**
- 20 self-contained serviced apartments with modern amenities.
- Ground-floor A3 lease to Blacklock Chophouse, rent of £160,000 per annum.
- Strong EBITDA exceeding £1M projected for 2024.
- Excellent transport accessibility just minutes from Old Street tube station.
- Potential for vertical expansion subject to planning consent.
**Concerns:**
- Only 18 years remaining on the lease may limit mortgage options.
- The commercial building may require exterior cleaning.
Discover a lucrative investment opportunity with this dynamic mixed-use property in the heart of a vibrant multicultural neighborhood. Comprising 20 contemporary serviced apartments, each equipped with essential amenities, this establishment boasts the added advantage of a bustling restaurant tenant, generating a steady rental income. The well-maintained apartments feature private bathrooms, free-standing furniture, WiFi, and modern conveniences, making them appealing for both short and long-term stays.
The location ensures excellent connectivity with Old Street tube station just a short stroll away, enhancing its attractiveness to potential guests. There's even the flexibility to expand by adding upper floors, providing endless possibilities for future growth. However, with only 18 years remaining on the lease, prospective buyers should be aware of potential financing challenges. The building's exterior may also require some cleaning. This is an exceptional opportunity for investors to tap into a thriving market in a sought-after urban setting—act fast, as this property won’t last long!
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