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Office for sale

Lock Keepers, Gillender Street, London, E3

£6,350,000
19,036 sq. ft.

Property Description

Commercial information

  • 19,036 sq ft (1,768 sq m)
  • Use class orders: B1 Business

Key features

  • Total of 19,030 sq. ft. commercial space
  • 999 year long leasehold interest for sale
  • 100% let
  • Net Initial Yield 7% after purchase costs of 6.8%
  • Capital value only 333 per sq. ft.
  • For Sale 6,350,000 plus VAT

Full description

Tenure: Leasehold

Description

Lock Keepers is an award winning scheme designed by Allies & Morrison, providing a mixed use scheme of 109 homes and 19,030 sq. ft. of commercial space. The project was completed in 2016. The commercial space is situated over three buildings, all overlooking the Bow Creek and Limehouse Cut.

Planning

The commercial premises have planning consent for B1(a) offices.

The East London Science School occupy as Class C2 through permitted development.

The property lies within The London Borough of Tower Hamlets.

Tenure

The long leasehold interest is offered for sale are for a term of 999 years from 29th January 2016, and with the benefit of the tenancies outlined in the enclosed schedule.

Transport

Bromley-By-Bow Station
(District and Hammersmith + City Lines)

Travel Times (TFL Website)
Liverpool Street 10 minutes
Farringdon 18 minutes
Oxford Circus 20 minutes

Approximate GIA Floor Areas

Block A 1,771 sq. ft.
Block B 11,495 sq. ft.
Block C 5,770 sq. ft. a
Total 19,036 sq. ft.

Price

6,350,000

VAT

The property is elected for VAT.


More information from this agent

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