South Crescent, Canning Town, London, E16

Location

The property is located in Canning Town, a prime East London industrial location in the London Borough of Newham. It is situated approximately 6 miles east of the City of London and 2 miles north east of Canary Wharf.

The property benefits from excellent strategic road communications. The A13 lies almost immediately to the south and provides direct access westbound to the City and Docklands, and eastbound towards Barking, Dagenham, Thurrock and the M25 at Junction 30. The A12 and the Blackwall Tunnel Northern Approach lie approximately one mile to the west, giving access to south east London and the A2/M2 or north east towards Essex. The A406 North Circular is approximately 4.5 miles to the east via the A13.

Description

The property comprises a self-contained industrial/warehouse building of steel portal frame construction with profile steel cladding to the elevations.

Rent

The property is let to G.B.N Services Limited (now Sortera Limited, Company number 02069980) and R.V.L Properties Limited (Company number 01423638) until 23rd April 2029. The current rent passing is £500,000 per annum and the lease is subject to a schedule of condition and is contracted Outside the L&T Act 1954. The lease also provides a rental deposit deed of £200,000, which is held until lease expiry.

The property is sublet to Pulse Environmental Limited (company number 07881267) until 20th April 2029, with the subletting also contracted outside of the L&T Act 1954.

EPC

The property has an Energy Performance Certificate rating of C/53 for the warehouse, valid until 23 April 2036, and D/91 for the office block, valid until 23
April 2036. A copy of the certificate and recommendation report is available upon request.