Western Gateway, E16

ADRIATIC APARTMENTS, WESTERN GATEWAY, E16 — ROYAL VICTORIA DOCK | See Virtual Tour
461 SQ FT | 1 BED | 1 BATH | LEASEHOLD 134 YRS | EPC C | REFURB

ASSET

Second-floor one-bedroom flat, 461 sq ft gross internal, within Adriatic Apartments — a gated dockside development at Royal Victoria Dock with concierge, residents' gym and secure underground parking. Open-plan reception room and kitchen, a double bedroom, a three-piece bathroom and a storage cupboard.

TENURE & HOLDING COSTS

Leasehold — 134 years remaining. Ground rent: £200 per annum. Service charge: £4,765.25 per annum — which includes heating and hot water. Council tax: Band C (London Borough of Newham). EPC: C.

CONDITION

Refurbishment required. Services and appliances have not been and will not be tested.

CONNECTIVITY

Royal Victoria (DLR) — a 2-minute walk; one stop to Canning Town for the Jubilee line, and direct to Canary Wharf, Bank and Stratford. Custom House (Elizabeth line) — around an 8-minute walk — for a 15-minute commute to Central London and roughly 50 minutes to Heathrow, with ExCeL London nearby. The Emirates Air Line cable car and Thames Barrier Park are close by.

BUY CASE

461 sq ft one-bedroom flat in a gated Royal Docks development, two minutes from Royal Victoria DLR and eight from the Custom House Elizabeth line, on a clean 134-year lease. The defining variable is the £4,765 service charge — high, though it covers heating and hot water alongside the concierge, gym and security. It compresses a geared buy-to-let yield and is the main owner-occupier consideration, so the numbers need running before bidding. Two realistic exits: a cash or low-leverage investor let to the Canary Wharf and ExCeL tenant base, or owner-occupation by a buyer comfortable with the outgoings, following refurbishment.

We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. The initial checks are carried out on our behalf by Coadjute. The cost of these checks is £80 (excl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you and the checks must be completed. We will receive some of the fee taken by Coadjute to cover our costs in our role in the provision of these checks.