Property for sale in Oyster Pier, Battersea SW11

£2,300,000
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Property for sale

Tenure:
Leasehold
Time remaining on lease:
98 years
Service charge:
£28,158.4 per year
Ground rent:
Not available
Council tax band:
A

Property features

  • Five Residential moorings
  • Two x 40 metre moorings
  • Long terms leasehold – 98 years
  • Three x 30 metre moorings
  • Berths 1 and 6 are rented out with a combined rental income of £56,450 + VAT per year.
  • Service charges for lease 1 & 2: £28,158.40 per annum approx.
  • The pier is conveniently located close to restaurants, shops and public transport
  • Local Authority: London Borough of Wandsworth

Property description

This is an incredibly rare opportunity to purchase five residential moorings on a long-term leasehold (98 years) at Oyster Pier, Battersea. On offer are two x 40 metre moorings and three x 30 metre moorings. These are arranged within two leases. Lease 1: Berths 1-3 form 110 metres of residential mooring for a maximum of 3 vessels, subject to dimensions / limitations specified in the lease. Lease 2: Berths 5-6 form 60 metres of residential mooring for a maximum of 2 vessels, subject to dimensions / limitations specified in the lease.

Please note 4 moorings are currently occupied. Mooring 1 – receives £30,000 plus VAT per annum and Mooring 6 - £26,450 plus VAT per annum - The license can be terminated by either party on a rolling break notice of no less than 1 month. In addition to this, the sellers are using 2 of the Moorings – 2 & 3 and could be required until June 2024 (subject to change). This is a unique opportunity - please contact us to discuss further.

Located between Battersea and Wandsworth bridges, Oyster Pier is close to the shops, restaurants and bars of Battersea Square and Wandsworth Town, with easy access to Fulham and Chelsea. Clapham Junction is just over a 1 mile away with direct National Rail trains into Victoria, Waterloo and Gatwick airport. There are also plentiful bus routes. The Thames Clipper docks at Plantation Wharf, a short walk away, which provides a fast commute into the City.

Property info

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For more information about this property, please contact
RiverHomes, South West & Central London Branch, SW15 on +44 20 3478 3509 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by RiverHomes, South West & Central London Branch, and do not constitute property particulars. Please contact RiverHomes, South West & Central London Branch for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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