Dockers Inn, 97 Wapping Lane, London, E1W 2RW

Description
The property comprises the ground, basement and two upper floors of a two storey end of terrace building with painted brick elevations beneath a pitched and hipped roof.

Location
Located in East London within the London Borough of Tower Hamlets, 2.0 miles (3.0 kilometres) east of the City of London and 2.7 miles (4.3 kilometres) west of Canary Wharf.

The Dockers Inn is situated at the intersection between Wapping Lane and Prusom Street in a mixed residential and commercial area. Nearby occupiers include Sainsbury's Local, the Wapping Tavern and a number of independent retailers. Wapping Overground station is located 100m to the north.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 74 customers. Ancillary areas include customers WC's to the rear alongside an en-suite letting room.

First Floor: The first floor comprises four en-suite letting rooms.

Second Floor: The second floor comprises of an additional four en-suite letting rooms.

Basement: The basement provides a cellar, trade kitchen, office and stores.

Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 35 customers. There is no parking.

Tenure
The property is held freehold (Title Number LN14123).

Tenancy
The entire property is let to Dockers Inn Limited on a 20 year lease from 28 August 2020 at a current rent of £92,623 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £18,526 is held by the landlord.

Planning
The property is not listed however it is situated within the Wapping Pierhead Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
C - 57

Terms
We are instructed to invite offers in excess of £1,325,000 (6.59% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.