Unit 2, 37B Ability Place, Millharbour London Docklands London E14 9TX

Unit 2, 37B
Ability Place, Millharbour
London Docklands
London
E14 9TX

A2 Retail Investment

Let to Countrywide Estate Agents
Waterfront location
Immediately south of Canary Wharf with major international corporate occupiers such as Barclays Bank, HSBC, KPMG, Bank of America, JP Morgan, BP Plc, Morgan Stanley, Citibank and Clifford Chance

Lot
42
Auction
14th February 2018
Rent
£60,000 per Annum Exclusive
Status
Sold
Price
£550,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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A2 Retail Investment

Let to Countrywide Estate Agents
Waterfront location
Immediately south of Canary Wharf with major international corporate occupiers such as Barclays Bank, HSBC, KPMG, Bank of America, JP Morgan, BP Plc, Morgan Stanley, Citibank and Clifford Chance

Lot 42
Auction 14th February 2018
Rent £60,000 per Annum Exclusive
Status Sold
Price £550,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 0.5 miles south of Canary Wharf
Roads: A1261, A12, A13
Rail: Canary Wharf Underground station (900m), South Quay Docklands Light Railway Station (300m)
Air: London City Airport, London Southend Airport, Heathrow Airport

Situation

The property is situated 0.5 miles south of the centre of Canary Wharf within the UK’s No.1 financial hub outside of the City of London. The area is globally recognised as a luxury high-rise residential and office location. The property is prominently located on the east side of Millharbour, facing the Millwall Inner dock and benefits from close proximity to the South Quay DLR. Canary Wharf accommodates major international corporate occupiers such as Barclays Bank, HSBC, KPMG, Bank of America, JP Morgan, BP Plc, Morgan Stanley, Citibank and Clifford Chance.

Tenure

Long Leasehold. Held on a term of 125 years less three days from 01/01/2009 until 2134 at a fixed peppercorn rent

Location

Miles: 0.5 miles south of Canary Wharf
Roads: A1261, A12, A13
Rail: Canary Wharf Underground station (900m), South Quay Docklands Light Railway Station (300m)
Air: London City Airport, London Southend Airport, Heathrow Airport

Situation

Tenure

Long Leasehold. Held on a term of 125 years less three days from 01/01/2009 until 2134 at a fixed peppercorn rent

Description

The property comprises ground floor A2 retail accommodation which forms part of a larger modern multi storey residential complex

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor A2 retail accommodation which forms part of a larger modern multi storey residential complex

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Income p.a.x.
Ground	A2 Retail	77.71 sq m	(836 sq ft)	COUNTRYWIDE ESTATE AGENTS (1)	Let on a licence for a period of 36 months from 06/11/2016 (2)	£60,000 (2)
Total		77.71 sq m	(836 sq ft)			£60,000

(1) Countrywide is the UK’s largest property services group which trades from approximately 1,200 locations (Source: www.countrywide.co.uk). For the year ending 31st December 2016, Countrywide Estate Agents (company number 789476) reported a turnover of £425,637,000, a pre-tax profit of £5,165,000 and a total net worth of negative £53,011,000 (Source: Experian Group 16/01/2018)
(2) The licence fee above has been annualised. The licence fee is £5,000 plus VAT per month exclusive. The licencee may serve notice to terminate the licence on not less than 3 months’ notice.