Property photos
Freehold
Fixed price
£590,000
(£215.01/sq. ft)
Property for sale
1 Cobblestone Square, London E1W2,744 sq. ft
Local area information
Property location
Nearby amenities
- Green Gables Montessori Primary School 0.1 miles
- St Peter's London Docks CofE Primary School 0.1 miles
- Shadwell 0.2 miles
- Wapping 0.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Wapping, Shadwell and Bermondsey to find out more about the local area.
Features and description
- Freehold
- Commercial restaurant investment
- Long established tenant
- Next to Tobacco Dock in Wapping
- Outside seating
- Let until 2032
- Estimated Rates Payable: £25935
Description
This unit occupies a prominent ground floor corner position with outside seating onto a piazza overlooking Tobacco Dock and ancillary basement.
Location
Situated in the heart of Wapping, this property benefits from its proximity to London Dock and Tobacco Dock, two iconic landmarks in East London. The area is experiencing a cultural renaissance, transforming from its industrial past into a vibrant hub for entertainment, dining, and residential living. Wapping has become a hotspot for nightlife and cultural events. Tobacco Dock, a Grade I listed warehouse, hosts various events and conferences, adding to the area's vibrancy.
Proposal
Offers sought at £590,000 + VAT for a virtual freehold (999 years from 2020 at a peppercorn rent). A sale at this level will produce a Net Initial Yield of 8.9% and a capital value of £215 per sq.ft.
Anti Money Laundering
In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, the purchaser will be required to complete identity checks and provide evidence of the source of funds.
This unit occupies a prominent ground floor corner position with outside seating onto a piazza overlooking Tobacco Dock and ancillary basement.
Location
Situated in the heart of Wapping, this property benefits from its proximity to London Dock and Tobacco Dock, two iconic landmarks in East London. The area is experiencing a cultural renaissance, transforming from its industrial past into a vibrant hub for entertainment, dining, and residential living. Wapping has become a hotspot for nightlife and cultural events. Tobacco Dock, a Grade I listed warehouse, hosts various events and conferences, adding to the area's vibrancy.
Proposal
Offers sought at £590,000 + VAT for a virtual freehold (999 years from 2020 at a peppercorn rent). A sale at this level will produce a Net Initial Yield of 8.9% and a capital value of £215 per sq.ft.
Anti Money Laundering
In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, the purchaser will be required to complete identity checks and provide evidence of the source of funds.
Floor plans and tours
Floor plans (2)
2 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Cherryman Ltd
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