Vacant Retail Unit, 6 Prestons Road, Blackwall, London, E14 9EX

We are offering the opportunity to buy a use class E virtual freehold unit with a 999 year lease granted in 2013 or a take on a new lease, subject to terms such as length and rent. The unit is based on the ground floor of a large new residential development that was built in 2013 and has large residential developments also located in the immediate area.

This is being sold with vacant possession.

Blackwall is a district located in East London within the London Borough of Tower Hamlets. Situated on the north bank of the River Thames, Blackwall is known for its maritime heritage and its proximity to the Docklands area.

Blackwall is well connected by public transport with the Blackwall DLR (Docklands Light Railway) station providing easy access to other parts of London. The area is also close to major roads like the A1261 and the A13 offering convenient routes for drivers.

The area features a mix of residential properties including modern apartments and older housing. It's becoming an increasingly popular place to live due to its proximity to Canary Wharf and its developing infrastructure.

The commercial unit is circa 3,000 sq ft internally all across the ground floor with its own entrance facing onto Prestons Road.

The unit has a well configured layout with limited space lost and has good frontage to the road.

This has been previously used as a gym and is laid out as to have some small changing rooms with internal walls that can be removed.

We are advised that all fixtures & fittings are owned by the current tenants and will be removed upon a sale or new lease completing.

We are told that the property is elected for VAT and any purchase price or rent payable would be subject to VAT being added.

There is a service charge payable to the building managers of £12,000 per annum + VAT.

A full management pack can be supplied to a successful buyer.

The unit is based at the bottom of a newly built residential development.

It has good frontage going along the A1206 which is ideal for signage for advertising any new business that takes on the premises.

This is a rare opportunity to buy a vacant unit with good presence, close to the DLR tube station and with a good layout in a built-up and developing busy East London borough.

There is an opportunity for a variety of different businesses to take on the site given its use class E classification.

There is potential for investors to look at taking on the unit and source a tenant with strong projected ROI given the desirable and busy location.

The rateable value for the unit is £65,000 as of the 1st of April 2023. This isn't the amount payable and further details should be sought from the gov VOA website.