Studio for sale
Key information
Property description & features
- Tenure: Leasehold (998 years remaining)
- modern studio suite
- 3 rd floor
- private balcony
- lift access
- 24 hour concierge
- gym
- Spa & sauna
- screening room
- close to local amenities
- 0.3 mi to wapping station
Attention Investors - This flat is currently achieving a gross rental yield of 6.41%. The apartment is rented for £395 p/w on a 12 month AST (no break) from 01/07/2024 to 30/06/2025.
Introducing a contemporary studio suite located on the 3rd floor of Cordage House, nestled in the vibrant heart of Wapping, E1W. This stylish space boasts a cosy, partitioned sleeping area complete with a fitted sliding door wardrobe, as well as a modern shower room. The bright and spacious living area showcases a fully equipped and integrated kitchen, complemented by expansive full-height glazing that opens up to a sizable south-facing balcony.
Residents of Cordage House benefit from a 24-hour concierge service, leisure facilities and all the local amenities of Tower Bridge and St. Katherine’s Dock. Wapping Overground Station is around 5-min walk away, making journeys to areas such as Canary Wharf and Bank just 12 mins. Locally, there are plenty of public green spaces including Wapping Rose Gardens, Wapping Gardens and Wapping Woods, all 1 min, 3 mins and 9 mins away respectively. The illustrious, grade 1 listed Tobacco Dock warehouse is just 3-min walk away and frequently puts on many multifarious events; from business to music, creative & cultural, Tobacco Dock provides it all.
Length of lease - 999 years from 1st January 2010
Annual ground rent amount (£) £400 pa (Payable half yearly in advance.)
Ground rent review period - Ground Rent doubles every twenty first anniversary of the commencement date for the first 99 years of the term.
Annual service charge amount (£) Approx. £3,137.12 per annum (2024 figures)
Service charge review period - (Payable half yearly in advance.)
Council - Tower Hamlets Band C
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on January 3, 2022
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 3, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 20, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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