Overview
Description
INVESTMENT OPPORTUNITY IN DOCKLANDS
BTC is delighted to sell this investment opportunity located in the heart of London Docklands.
The property is located 0.5 miles (800 m) south of the center of Canary Wharf, in the South Quay district of the London Docklands, on the Isle of Dogs peninsular. The area is globally recognized as a luxury high-rise residential and office location.
The property comprises a detached ground-floor retail unit that forms part of a larger modern-story residential complex, The property occupies a prominent position within the development and is on one of the main entrances into the 600-apartment complex.
The current passing rent is £49,000 per annum and the rent is to be reviewed to open market value of the property, upwards only, in the 5th year.
The current leaseholder of the property is an estate agent who belongs to one of the largest chains in the country. The estate group has recently been acquired by Connells Group, a leading UK property services group, which has 600 branches and has resulted in the combined entity being the largest estate agency company in the UK with over 15,000 employees. The ultimate owner of the Connells Group is Skipton Building Society.
TENURE: The property is held on a long leasehold interest expiring 31st December 2134, at a fixed rent of £3,025 pa, exclusive of service charge and maintenance charge.
New 10-year full repairing and insuring lease from 25 June 2019 with a
tenant-only break option in year 5, subject to 6 months’ notice.
SIZE: Ground floor retail unit 836 sqft Approx.
Freeholder is asking for offers over £730k which gives approx. 6.75% gross yield.
For further information, please contact the BTC Commercial and Investment team on 0208 889 7474 or commercial@btcint.com.
Tenure: Freehold
Is stock included:
Listed By:
Similar Listings
Investment Freehold Opportunity in South West London Location:A prominent freehold building on a popular parade in South West of London is located close to the junction with Coval Road and in the center of the residential and commercial area. ItR...
Nationwide welcomes to the market this Late Licence PIZZA TAKEAWAY AND RESTAURANT plus INVESTMENT. Occupying a corner position, end of parade, just off the main Harrow Road, residential area, WEST LONDON. 5 STAR HYGIENE RATING DOUBLE FRONTED PREMISES...
INVESTMENT PROPERTY – COMMERCIAL UNIT WITH OFFICE ABOVE IN WEMBLEY Opportunity to acquire a freehold property located on a High Street location, close to local amenities, shops, restaurants. Accessible transport links with several bus routes av...
INVESTMENT OPPORTUNITY TO BUY A COMMERCIAL UNIT WITH 3-BED MAISONETTE FOR SALE ON A VACANT POSSESSION IN CHINGFORD REF CS0542 LOCATION:Opportunity to own the freehold property situated at the corner of Hatch Lane, capping off a thriving parade of sho...
FREEHOLD INVESTMENT DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS CURRENTLY TRADING AS A CATERING BUSINESS THE SELF CONTAINED ACCOMMODATION with Oil Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rent...
Mixed-use freehold Investment Opportunity shop with uppers for sale in Edmonton Ref No: #CS0539 LOCATION:We are delighted to offer this mixed-use freehold investment opportunity which is located in the Upper Edmonton ward of Enfield, It is situated c...