Available
London E14 – Large Office with Parking
Unit 4, 9 St. Annes Street, Limehouse, London E14 7PFVirtual Freehold Office Investment
Price
£595,000
Rent P.A.
£58,200
Yield
9.78%
Tenure
Leasehold
Lease Term
10 Years
Years Left on Lease
2y 3m
Area
2,328 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- 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.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
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
Ground Floor: 216 sq m (2,328 sq ft)
Open plan office, storage, kitchen, wc
Tenancy Description
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.
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.
Tenancies & Accommodation
Location Description
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.
