14 Pepper Street, Glengall Bridge, London, E14 9RP
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
Guide Price £2,450,000+
The property will be sold by public auction on 16th July at 10:00am
Legal Documents
For a complete view of the legal documents, please download the legal pack from our website.
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Description
Leasehold Each floor is subject to one lease being 200 years less 7 days from July 1986 (Thus 157 Years Remaining)
A Block Of Six Self Contained One Bedroom Apartments Let On A Guaranteed Rent For Five Years At £185,000 Per Annum With 5% Yearly Increase Sold On Three Leases.
The property comprises a residential building internally arranged to provide six self-contained flats over ground and three upper floors. The block benefits from west facing view and overlooks the waterfront. There is a five year lease commencing February 2024 let to a corporate operator with a break at the end of year three on a yearly rent of £185,000 Per Annum (with a 5% rental increase). Each apartment comes with private parking and a balcony except one. We understand that there is scope to reconfigure flat six from a one bed to two bedroom apartment (subject to obtaining relevant consents)
Location
The property is situated on the waterfront of Millwall Dock and close to Canary Wharf financial district with shops and restaurants nearby. Transport links are provided by Canary Wharf Underground Station (Jubilee Line ) and Crossharbour (DLR).
Exterior
Six Parking Spaces and a Residents Lift
Viewing Times
Viewings By Appointment - Contact our office on
Brochures
Legal DocumentsOnline Bidding14 Pepper Street, Glengall Bridge, London, E14 9RP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Crossharbour & London Arena Station0.1 miles
- South Quay Station0.3 miles
- Mudchute Station0.4 miles
About the agent
Swift Property Auctions, London
83 Uxbridge Road, Stanmore, HA7 3NH
A leading residential and commercial property auctioneer covering the UK connecting buyers and sellers through the power of auction.
Notes
Disclaimer - Property reference 250564. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Swift Property Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Swift Property Auctions, London on 020 7123 9417.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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