20 September 2023: Wednesday 20 September 2023 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Freehold serviced office investment and future development opportunity
    • Prominently located at the landmark east entry onto the Olympic park
    • Currently producing a gross income of approximately £29,930 pcm (£359,160 pa)
    • Comprises approximately 11,000 sq ft of high specification offices
    • Licensed to legal firms, accountants and other businesses
    • Next door site also for sale in this auction offers opportunity to develop both sites combined to increase future value/used
    • 0.5 miles from Stratford Train Station
    • 1.5 miles from M11 and motorway network
    • Main building completed in 2015 to high specification

    Description

    The property comprises a substantial purpose built office building arranged over ground, first and second floors. The new office building was completed in 2015 to a high specification and has been run as a successful serviced office building since 2017.

    Additional information

    Tenure

    Freehold.

    Accommodation

    The property comprises 36 office suites arranged over ground, first and second floors. The property comprises approximately 840.83 sq m (9,051 sq ft).


    The two site areas together (Lot 86 & 87 measure approximately 1,287.81 sq m)

    Tenancy

    Please see legal pack for the tenancy schedule. The latest total gross income has been noted at £29,930 pcm (£359,160 pa). Please see legal pack for the schedule of current licensed to occupy clients of the business centre. All licences are current. The business centre is currently 98% occupied. Licensed occupants include National Express, ARC rail training, ARC Medical, ITN Solicitors, Dorset Place Dental Surgery and many high quality business services.


    Planning

    Future Development Potential.

    Rent

    £359,160 pa

    Notes

    Virtual Tour Links:


    https://my.matterport.com/models/nPKcsbJ2998

    https://my.matterport.com/show/?m=tfaTEuJbg9N

    https://my.matterport.com/show/?m=tGs392u5o2G


    VAT is applicable to this lot.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on Dorset Place, less than 0.5 miles north of Stratford Station (Central, Jubilee, DLR, Elizabeth, Overground, National Rail). There are a number of nearby developments and the property is considered to be prime for future development.

      Transport

      Rail: Central, Jubilee, DLR, Elizabeth, Overground, National Rail


      Legal documents

      Login to view legal documents

      EPC rating

      The EPC rating for this property is A

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums