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Royal Wharf - Royal Albert Wharf 1,800 SF Retail Condo Unit Offered at $912,925 in London E16 2BG
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 Under Contract
| Total Building Size | 250,000 SF | Floors | 15 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 15,197 SF |
| Property Subtype | Apartment | Year Built | 2020 |
| Building Class | B |
| Total Building Size | 250,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 15 |
| Typical Floor Size | 15,197 SF |
| Year Built | 2020 |
1 UNIT AVAILABLE
Unit 6.02
| Unit Size | 1,800 SF | Tenure | Long Leasehold |
| Price | $912,925 | Sale Status | Under Contract |
| Price Per SF | $507.18 | Cap Rate | 4.75% |
| Condo Use | Retail | NOI | $43,363.94 |
| Sale Type | Investment |
| Unit Size | 1,800 SF |
| Price | $912,925 |
| Price Per SF | $507.18 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Sale Status | Under Contract |
| Cap Rate | 4.75% |
| NOI | $43,363.94 |
DESCRIPTION
1,800 sq ft unit to let, 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
Presented by
Royal Wharf - Royal Albert Wharf
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