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North Woolwich Rd - Cape House 990 - 1,679 SF Retail Condo Units Offered at $400,406 - $703,379 Per Unit in London E16 2TN
INVESTMENT HIGHLIGHTS
- London Bridge can be accessed in 40 minutes
- Air - Royal Wharf is located only 1.2 miles (4 mins on DLR) from London City airport
- Road - by road , the development sits only 1.3 miles from the A13 dual carriage way offering access to the city of London
EXECUTIVE SUMMARY
The units were completed on a phased basis, first completion was in 2016 with the final phase following in 2018. The portfolio consists on 21 units ranging from 990 to 2,239 sq ft with varying ceiling heights of 3-7m. The developer completed the units to a shell and core specification, each unit was in turn fit out by the tenant to suit their needs, specification was agreed with the freeholder. The estate benefits from 30 minutes free on street parking with further parking available at cost
PROPERTY FACTS
| Total Building Size | 248,650 SF | Floors | 10 |
| Property Type | Multifamily | Typical Floor Size | 340 SF |
| Property Subtype | Apartment | Year Built | 2017 |
| Building Class | B | Lot Size | 16.54 AC |
| Total Building Size | 248,650 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 340 SF |
| Year Built | 2017 |
| Lot Size | 16.54 AC |
2 UNITS AVAILABLE
Unit 1.01
| Unit Size | 1,679 SF | Sale Type | Investment |
| Price | $703,379 | Tenure | Long Leasehold |
| Price Per SF | $418.93 | Cap Rate | 6.33% |
| Condo Use | Retail | NOI | $44,523.92 |
| Unit Size | 1,679 SF |
| Price | $703,379 |
| Price Per SF | $418.93 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 6.33% |
| NOI | $44,523.92 |
DESCRIPTION
1,679 sq ft unit for sale, fully tenanted.
SALE NOTES
MIXA new virtual freehold interested (999 years) the Freeholder isOxley Wharf Property Limited.
- Collection of 21 units available to be sold together or separately.
- Well presented class E units , ranging from 990 sq ft to 2239 sq ft leased to a variety of occupiers.
- Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
- Units will be sold with a virtual freehold from completion (999 years)
- Annual rents from £14,850 to £51,497pa offers are invited for either individual units or a portfolio of units
- Pricing for individual units is available within tenancy schedule, with units ranging from £300,000 to £800,000
Unit 1.03
| Unit Size | 990 SF | Sale Type | Investment |
| Price | $400,406 | Tenure | Long Leasehold |
| Price Per SF | $404.45 | Cap Rate | 4.79% |
| Condo Use | Retail | NOI | $19,179.44 |
| Unit Size | 990 SF |
| Price | $400,406 |
| Price Per SF | $404.45 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 4.79% |
| NOI | $19,179.44 |
DESCRIPTION
990 sq ft unit for sale, fully tenanted.
SALE NOTES
MIXA new virtual freehold interested (999 years) the Freeholder isOxley Wharf Property Limited.
- Collection of 21 units available to be sold together or separately.
- Well presented class E units , ranging from 990 sq ft to 2239 sq ft leased to a variety of occupiers.
- Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
- Units will be sold with a virtual freehold from completion (999 years)
- Annual rents from £14,850 to £51,497pa offers are invited for either individual units or a portfolio of units
- Pricing for individual units is available within tenancy schedule, with units ranging from £300,000 to £800,000
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North Woolwich Rd - Cape House
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