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2 Biscayne Av - The Michigan Building, New Providence Wharf 1,672 SF Retail Condo Unit Offered at $447,138 in London E14 9QT
INVESTMENT HIGHLIGHTS
- Heavy foot traffic
- Great views of the River Thames
- Great transport links
EXECUTIVE SUMMARY
New Providence Wharf offers a range of amenities, including a riverside park, retail outlets, a health spa, and a gym, providing a comprehensive living and working environment. The development is part of a larger, thriving community with stunning riverside views, contemporary design, and a wealth of excellent facilities.
PROPERTY FACTS
| Total Building Size | 3,763 SF | Floors | 10 |
| Property Type | Retail (Condo) | Typical Floor Size | 3,762 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2007 |
| Building Class | B | Lot Size | 0.46 AC |
| Total Building Size | 3,763 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 3,762 SF |
| Year Built | 2007 |
| Lot Size | 0.46 AC |
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
Unit 3&4
| Unit Size | 1,672 SF | Condo Use | Retail |
| Price | $447,138 | Sale Type | Investment |
| Price Per SF | $267.43 | Tenure | Freehold |
| Unit Size | 1,672 SF |
| Price | $447,138 |
| Price Per SF | $267.43 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The commercial units, situated on the ground floor, are currently leased to high-quality tenant Our Village Nursery, ensuring a steady income stream. Our Village Nursery provides high-quality childcare services for toddlers and pre-schoolers.
The building has undergone all fire safety checks (ESW1) associated with the cladding and no further remedial works are required.
SALE NOTES
Located in the vibrant heart of East London, New Providence Wharf is a prime commercial property investment opportunity situated on The Isle of Dogs, close to the bustling Canary Wharf and the historic Billingsgate Fish Market.
The area is well-connected with excellent transport links, including nearby Canary Wharf and Blackwall stations, making it highly accessible for both residents and businesses.
New Providence Wharf offers a range of amenities, including a riverside park, retail outlets, a health spa, and a gym, providing a comprehensive living and working environment. The development is part of a larger, thriving community with stunning riverside views, contemporary design, and a wealth of excellent facilities.
Recent developments in the area include the completion of the Providence Tower, adding 43 storeys of luxury living with private balconies and breath-taking views. The ongoing transformation of the surrounding area continues to attract investment and interest, making this an ideal time to invest in this prime commercial property.
A virtual freehold (999 years from 2020) is available at an asking price of £332,000 (£200 per sq.ft) producing a NIY of 8.78%.
NEARBY MAJOR RETAILERS
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2 Biscayne Av - The Michigan Building, New Providence Wharf
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