Admirals Way, Canary Wharf, London, E14
- SIZE AVAILABLE
1,706-2,301 sq ft
158-214 sq m
- SECTOR
Office for sale
- USE CLASSUse class orders: B1 Business
B1
Key features
- Investment for Sale - Office Suite
- Potential Owner Occupier Opportunity
- Located on Admirals Way overlooking West India Dock, towards Canary Wharf
- Total 2,301 sq ft (213.77 sq m)
- Benefit of on-site Parking
- Offers Sought in the region of £900,000
Description
Hilton Canary Wharf Hotel is adjacent and Galliard, Ballymore and Berkeley Homes all have substantial residential led schemes in the immediate vicinity.
Canary Wharf is approximately a three minute walk away where the area is predominantly offices with a good mix of retail and restaurants.
South Quay (DLR) and Canary Wharf (Jubilee Line) stations are in the immediate vicinity.
The building comprises a four and five storey office block and contains 45 self-contained office suites within. It is constructed around a centrally located single storey glass roof atrium which accommodates the reception area.
A concierge service runs between 7.00 am and 7.00 pm with 24 hour security.
Long Leasehold
200 years from 24 June 1984 with a shared ownership of the freehold via Beaufort Court Management including 3 parking spaces.
The subject suite is largely open plan, within which demountable partitioning provides three offices. There is a small store, a kitchen and WC facilities. There is underfloor heating, air conditioning and raised floors to accommodate services.
NIA 1,706 sq ft (158.48 sq m)
Balcony 595 sq ft (55.29 sq m)
Total 2,301 sq ft (213.77 sq m)
Parking Spaces 43,38 and 49
The property is let to Best4business Accountants & Company Ltd. Company number 04331988 and the landlord retains a 3 month rent deposit.
The rent was reviewed 1st April to £60,000 pa held outside the Landlord & Tenant 1954 act for a term of 10 years from 1 April 2019 and therefore has 5 years remaining. This equates to a low rent of £35 per sq ft (Excluding the outside balcony space which could be rentalised).
OFFERS ARE BEING SOUGHT IN THE REGION OF £900,000 REFLECTING A NET INITIAL YIELD OF 6% (ALLOWING FOR NORMAL PURCHASER'S COSTS) OR £410 PER SQ FT
Brochures
Admirals Way, Canary Wharf, London, E14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Quay Station0.1 miles
- Heron Quays Station0.1 miles
- Canary Wharf Station0.2 miles
Notes
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