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    Key features

    • 34,875 sq ft (3,240 sq m) of accommodation arranged over two storeys, currently utilised as a datacentre and disaster recovery operation
    • Occupying an acre plot, the asset benefits from a low site coverage of 57%, and forms part of the Greenwich View Place Estate
    • The site is currently operating as a data centre with an estimated load of 3.5 MVA. However, there is potential to access up to 10 MVA
    • Let to Bloomberg LP for a term of 10 years from 29th September 2019 until 28th September 2029
    • Asset management opportunities and potential for redevelopment or a change of use (subject to the requisite consents)
    • Please click here for the legal pack
    • Investment let at £1,359,000 p.a. (20.90% GIY on guide)

    Description

    Please click here for the legal pack

    8 Greenwich View Place comprises a self-contained two storey building constructed in 1988 to comprise approximately 3,240 sqm (34,875 sq ft) of air-conditioned office accommodation, currently used for data storage and disaster recovery.

    The property is of steel portal framed construction with a shallow pitched, profiled steel covered roof. The property currently provides data centre and disaster recovery operations for Bloomberg LP and provides the following specification:

    • A thirteen person passenger and goods lift

    • Four pipe fan coil air conditioning

    • Enhanced electrical supply

    • Standby generators

    • The current onsite substations have a combined rating of 6MVA across a 4MVA and a 2MVA station

    • Extensive hardstanding offering open parking.

    • EPC Rating of C62.

    The property is situated within the low-rise development known as Greenwich View Place and is enviably positioned at the southern end of Millharbour and in close proximity to Millwall Inner Dock.

    Greenwich View comprises an estate of eight commercial buildings bounded by Millharbour Outer Dock to the east, Millharbour to the north and Greenwich View to the west.

    The wider locality comprises a blend of commercial and residential developments with a large development site set for a residential-led scheme situated to the western boundary of the property.

    Additional information

    Tenure

    Held on a Long Leasehold interest for a term of 199 years from 29th September 1984 (158 years unexpired) at a peppercorn rent

    Accommodation

    34,875 sq ft (3,240 sq m) of accommodation arranged over two storeys, currently utilised as a datacentre and disaster recovery operation

    Tenancy

    8 Greenwich View Place

    • Let to Bloomberg LP
    • Let on a 10 year lease from September 2019 (Reversion September 2029)
    • Tenant only option to determine from 25th September 2025 on a rolling basis, subject to 12 months’ prior written notice, which has not been served.
    • There was a fixed rental uplift in September 2024,equating to a passing rent of £38.97 per sq ft.
    • Investment let at £1,359,000 p.a.

    Bloomberg is the leader in global business and financial information delivering data news and analytics through a variety of innovative technology. Bloomberg employs over 21,000 employees in 159 locations to deliver business and financial information, news and insight around the world.

    Bloomberg LP clients include the world’s central banks, investment institutions, commercial banks, government offices and agencies. Founded in 1982 it is estimated that the Bloomberg Professional Service is used by more than 325,000 business and financial professionals worldwide.

    Dun & Bradstreet has reported that Bloomberg LP has a credit rating of 1R4, which represents a low risk of business failure.

    Rent

    £1,359,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. VAT is applicable however we believe the sale can be treated as a TOGC. (Please refer to the legal pack)


    Bidding Process 

    Potential purchasers will be invited to place bids via a set deadline (Date to to be confirmed).

    These offers will then be considered by the client and a best and final offers may be called. Should an offer meet the clients requirements a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10% deposit. The property will be deemed as ‘sold prior to auction’. 

    When submitting your offer please provide the following information

    • Entity purchasing the property
    • Your Solicitors details
    • Certified ID and proof of address for the purchaser/s of the property
    • Proof of funds for a minimum of 10% of the offer put forward.
    • Confirmation that you can sign an auction contract, pay a 10% deposit straight away and complete within the time frames highlighted in the special conditions of sale.

    Please when sending these offers copy in Nicholson Boyd nicholson.boyd@savills.com

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      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

      8 Greenwich View Place is situated in the Isle of Dogs in London's Docklands, an area located south of Canary Wharf and 3.5 miles east of the City of London. Canary Wharf, one of London's three major business districts alongside the City and West End, boasts a 97-acre estate encompassing approximately 16 million square feet of commercial space.


      Canary Wharf, a hub of business and commerce, boasts a 97-acre estate housing a diverse range of industries, including finance, law, technology, and media. This thriving district has attracted numerous global corporations, making it a sought-after location for businesses and professionals alike.


      In recent years, the Isle of Dogs has undergone significant transformation, emerging as a popular residential area and data centre destination. Alongside its commercial prominence, it now offers a vibrant lifestyle with modern amenities, green spaces, and excellent transport links.

      Transport

      Crossharbour and South Quay Docklands Light Railway stations are situated 300 metres to the north and 550 metres to the east. These stations provide direct services to Bank and Tower Gateway Stations in the City, Stratford to the north and London City Airport and Beckton to the east. The Jubilee line at Canary Wharf offers direct access into central London via London Bridge and London Waterloo. The Elizabeth Line at Canary Wharf provides fast connection to the City and West End as well as Paddington and Heathrow Airport.

      London City Airport is situated three miles to the east and offers direct flights to 34 national and international destinations including New York, Luxembourg, Amsterdam, Paris and Edinburgh.

      Road: The A1206 and Marsh Wall serve as the main arterial routes through the Isle of Dogs. These roads provide direct connections to theA12 and A13, offering access to the Olympic Stadium and M11 to the north, central London to the west, and the M25 and M20 to the east and south.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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