This large first floor studio apartment would make a good investment purchase, pied-a-terre, or first time buy.
Totalling approx. 342 sq ft, the space comprises a studio room, large bathroom, separate kitchen. The property benefits from a healthy 120 year lease, a service charge less than £1,000 per year and a ground rent of £10 per year. The rental estimate for the flat is approx. £375 per week which would equate to a gross yield of 5.8%.
Located in a quiet residential setting, Banner Street is perfectly positioned close to the trendy cafes, bars and restaurants of Clerkenwell, Old Street and Shoreditch as well as the very popular Whitecross Street food market.
The property is just a short walk from the world renowned Barbican Arts Centre with its major art gallery, concert hall, theatres and cinemas as well as the LSO St Luke's music venue which is home to the London Symphony Orchestra.
The proximity to 'Tech City' and The City of London make it an appealing opportunity for buyers who want to be close to such important cultural and business activity, not to mention the benefit of the soon-to-be completed Crossrail terminals at both Farringdon and Liverpool Street.
This property is offered chain free with vacant possession.