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
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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
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
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.
