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9 St. Annes St 2,328 sq ft Office / Retail Unit Offered at £560,000 in London E14 7PF
Investment Highlights
- Triple fronted
- Kitchen space
- 2 underground car parking spaces
Executive Summary
Limehouse is located in the heart of East London, within easy reach of both the City & Canary Wharf. The Canary Gateway development is located off Commercial Road (A13) on the junction of St Anne’s Street & St Anne’s Row. The property is situated approximately midway between Limehouse and Westferry DLR stations, with occupiers nearby including Takeaway`s, Convenience Store, Hair Salon and more.
Property Facts
| Total Property Size | 2,328 sq ft | Typical Floor Size | 582 sq ft |
| Property Type | Retail (Unit) | Year Built | 2016 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.69 ac |
| Floors | 4 |
| Total Property Size | 2,328 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 582 sq ft |
| Year Built | 2016 |
| Tenancy | Single |
| Total Plot Size | 0.69 ac |
Amenities
- 24 Hour Access
1 Unit Available
Unit 9
| Unit Size | 2,328 sq ft | Unit Use | Office / Retail |
| Price | £560,000 | Sale Type | Investment |
| Price Per sq ft | £240.55 | Tenure | Long Leasehold |
| Unit Size | 2,328 sq ft |
| Price | £560,000 |
| Price Per sq ft | £240.55 |
| Unit Use | Office / Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
Property Description:
Comprises triple fronted ground floor unit t/a Office. The property benefits from 2 underground car parking spaces and provides the following accommodation and dimensions:
Ground Floor: 216 sq m (2,328 sq ft)
Open plan office, storage, kitchen, wc
Location:
Limehouse is located in the heart of East London, within easy reach of both the City & Canary Wharf. The Canary Gateway development is located off Commercial Road (A13) on the junction of St Anne?s Street & St Anne?s Row. The property is situated approximately midway between Limehouse and Westferry DLR stations, with occupiers nearby including Takeaway`s, Convenience Store, Hair Salon and more.
Sale Notes
Investment Consideration:
Gross Initial Yield: 10.39%
Rental Income: £58,200 p.a.
VAT is applicable to this property
Comprises self-contained ground floor office/retail unit
Property benefits from triple frontage and 2 car parking spaces
Situated approximately midway between Limehouse and Westferry DLR stations, with occupiers nearby including Takeaway`s, Convenience Store, Hair Salon and more.
Tenancy:
The property and 2 parking spaces are at present let to Thalgo UK Limited for a term of 10 years from 5th January 2018 at a current rent of £58,200 p.a. and the lease contains full repairing and insuring covenants. Tenant break clause in 2023 NOT exercised. Deposit held of £17,460.
Tenure:
The office is held on a 999 year lease from 31st March 2017 at a ground rent of £500 p.a. Rent review every 10th anniversary linked to RPI.
The 2 parking spaces are held on a 999 year leases from 1st January 2008 at a ground rent of £50 p.a. each. Ground rent sum to double every 15 years for the first 105 years of the term.
Unit 4, 9 St. Annes Street, London E14 7PF 1
Unit 4, 9 St. Annes Street, London E14 7PF 3
Unit 4, 9 St. Annes Street, London E14 7PF 4
Unit 4, 9 St. Annes Street, London E14 7PF 5
Unit 4, 9 St. Annes Street, London E14 7PF location
Major Tenant Information Click Here to Access
| TENANT | sq ft Occupied | LEASE END DATE |
|---|---|---|
| Thalgo (Uk) Ltd |
-
|
Jan 0000
|
Nearby Major Retailers
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9 St. Annes St
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