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Office/educational accommodation

London, United KingdomUnlock address

85%

£6.500.000

Office

#16505

Core+

2 Feb 2024

Property Details

Broker

For sale

19,036 sq.ft.

1,768 m²

Leasable area

341 £/sq.ft.

3,676 £/m²

7.90 %

Other

2

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Virtual Freehold interest for a term of 999 years from 2016, providing approximately 992 years unexpired. Award winning canal side development designed by Allies & Morrison and completed in 2016. Excellent connectivity being located within a five minute walk of Bromley by Bow underground Station, in an area experiencing rapid transformation. Six high quality commercial units totaling 19,036 sq ft (1,771 sq m) of office/educational accommodation arranged across three separate adjacent blocks, over ground and mezzanine levels. Education use reverts to Class E offices at lease expiry. Secure WAULT of approximately 3.63 years. The subject property comprises the commercial element of the scheme arranged across three separate adjacent blocks, over ground and mezzanine levels. The three blocks provide 109 residential units above the commercial accommodation and range from 6 to 13 stories which are not included in the sale. The development also benefits from attractive landscaping and ground floor community space.