Property for sale

4 Beaufort Court, Admirals Way, London E14

Description

The property is situated on the ground floor of this multi-let office building and can be accessed from the street and through the building atrium.

The suite faces out on to a main thoroughfare between Canary Wharf and South Quay, which has a large footfall throughout the day.

It is currently fitted out as a hot yoga studio and has operated as this for the past 15 years.

Male and female WC’s are situated within the demise together with kitchen and shower facilities.

Location

Beaufort Court is located in the heart of South Quay, just 3 minutes walk from the Canary Wharf tube station and Jubilee Line.

Beaufort Court is also within easy walking distance for South Quay and Heron Quay DLR station. The newly finished Elizabeth Line (Crossrail) station is also less than 10 mins walk away.

Terms

The property is available by way of a sale of the long-leasehold with the benefit of the current income at a price of £1,500,000.

A price at this level presents a capital value equivalent to £603 per sq.ft

Planning

The Suite has previously been used as a training centre and office under Class E planning.

Alternative uses under Class E could therefore be available such as retail restaurant, gym, healthcare, and leisure subject to all necessary consents.

Tenancy Information

Please contact the Cherryman team to obtain further information on the investment and existing tenancy.

The current erv for the property is £86,000 per annum (£35 per sq.ft).

Tenure

The Long Leasehold is available to purchase (the remainder of 200 years from June 1984) thus having 161 years remaining.

All long-leaseholders in the building share ownership of the Freehold.

VAT

The property is not registered for VAT