Affluent riverside community close to Canary Wharf and the City of London
Located within the Mosaic development close to the marina at Limehouse Basin
4 Units let to a Café/Convenience Store, a Hairdressers, Dry Cleaners and a Restaurant
Vacant restaurant unit to let, formerly the Veranda Restaurant and Bar let at £50,000 pa
Four Week Completion
Lot 33
Auction 22nd May 2014
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2.5 miles east of the City of London, 2.5 miles west of Canary Wharf
Roads
A13, A102, M25 (Junction 1, 15 miles)
Rail
Limehouse Railway Station and DLR,
Canary Wharf Underground Station
Air
London City Airport (6 miles), London Heathrow (16 miles)
Situation
The property comprises five retail units and one storage unit forming part of the ground floor and part basement of The Mosaic, a luxury development by St James. The Mosaic comprises two buildings facing an attractive central square and fronts the historic Narrow Street with additional access through to Horseferry Road and the nearby marina at Limehouse Basin. Many of the residential properties have Thames River views.
Tenure
Leasehold. Held from St James Group Limited for a term of 125 years from January 2001 at a peppercorn rent.
Location
Miles
2.5 miles east of the City of London, 2.5 miles west of Canary Wharf
Roads
A13, A102, M25 (Junction 1, 15 miles)
Rail
Limehouse Railway Station and DLR,
Canary Wharf Underground Station
Air
London City Airport (6 miles), London Heathrow (16 miles)
Situation
The property comprises five retail units and one storage unit forming part of the ground floor and part basement of The Mosaic, a luxury development by St James. The Mosaic comprises two buildings facing an attractive central square and fronts the historic Narrow Street with additional access through to Horseferry Road and the nearby marina at Limehouse Basin. Many of the residential properties have Thames River views.
Tenure
Leasehold. Held from St James Group Limited for a term of 125 years from January 2001 at a peppercorn rent.
Description
The properties comprise modern retail and leisure units facing the central square. Unit U1 operates as a Pizza Restaurant with Unit B8 used as storage. Unit U2 is vacant and was formerly the Veranda Restaurant and Bar let at £50,000 pa representing an A3 or A2 letting opportunity. Units U3, U4 and U5 all provide essential neighbourhood retail services as a café/convenience store, a hairdressers and a dry cleaners.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for these properties. Interested parties must register their details with the Auctioneers and may be asked to provide identification on site.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The properties comprise modern retail and leisure units facing the central square. Unit U1 operates as a Pizza Restaurant with Unit B8 used as storage. Unit U2 is vacant and was formerly the Veranda Restaurant and Bar let at £50,000 pa representing an A3 or A2 letting opportunity. Units U3, U4 and U5 all provide essential neighbourhood retail services as a café/convenience store, a hairdressers and a dry cleaners.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for these properties. Interested parties must register their details with the Auctioneers and may be asked to provide identification on site.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
