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    Key features

    • To be offered on Tuesday 25 November
    • A triple fronted ground floor retail/office unit
    • Self contained
    • 2 underground car parking spaces included
    • Let to Thalgo UK Limited for a term of 10 years from 05/01/2018 
    • Approx. 2,328 sq ft.
    • Investment let at £58,200 per annum (12.38% GIY on guide price)

    Description

    A triple fronted self contained ground floor retail/office unit.

    Approx. 2,328 sq ft.

    Investment let at £58,200 per annum (12.38% GIY on guide price).

    Additional information

    Tenure

    Leasehold - Held on a 999 year lease from 31st March 2017 at a ground rent of £500 p.a. Rent review every 10th anniversary linked to RPI.

    Accommodation

    Ground Floor: 216 sq m (2,328 sq ft)

    Open plan office, storage, kitchen, WC.

    Tenancy

    The property and 2 parking spaces are at present let to Thalgo UK Limited for a term of 10 years from 5th January 2018 at a current rent of £58,200 p.a. and the lease contains full repairing and insuring covenants.

    Please note the vendor is holding a deposit of £17,460 from the tenant.

    Rent

    Investment let at £58,200 per annum

    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. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Please note VAT is applicable.

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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

      Limehouse is located in the heart of East London, within easy reach of both the City & Canary Wharf. The Canary Gateway development is located off Commercial Road (A13) on the junction of St Anne's Street & St Anne's Row.

      The property is situated approximately midway between Limehouse and Westferry DLR stations, with occupiers nearby including Takeaway`s, Convenience Store, Hair Salon and more.

      Transport

      Limehouse - C2C and DLR

      West Ferry - DLR

      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