Warehouse for sale in Manchester Road, London E14

From £950,000 (£355.54/sq. ft)
Interested in this property? Call +44 20 7768 0217 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Warehouse for sale 2,672 sq. ft*
Tenure: Freehold Council tax band: Not available

Property description

Key Points

  • Easy access to Canary Wharf and Greenwich
  • Mixed use building with income – 4.67% gross yield before costs
  • Offering further development potential and increased income yield
  • £950,000
  • Description

    The freehold unit is currently configured as 2 commercial units on the ground floor plus a 1 bedroom flat on the 1st floor - all self contained.

    The current income is £44,400 consisting of £30,000 per annum of income from both commercial units plus £14,400 per annum from the 1 bedroom flat.

    Floor Areas: Ground floor Commercial units 1850 sq ft

    Floor Areas: 1st floor 1 bed flat - 593 sq ft

    Vacant Possession available within 6-12 months

    Commercial tenants occupying by means of Licence agreements. A standard AST applies to the 1 bedroom flat

    Certificate of Lawful use pending for the flat – used as a flat since

    Expired planning consent reference - pa-16-03515 Dated - 24th February 2017

    Expired planning permitted to retain the commercial space plus consent for 2 x 2 bedroom flats offering 804 sq ft and 725 sq foot respectively

    Potential to redevelop the site – new owners can reapply for the previous scheme or apply for a new planning consent/new site scheme

    Local Authority – London Borough of Tower Hamlets

    The subject site has not been elected for VAT and will be sold by way of an Asset Sale as opposed to a Company Sale.

    Please note - Subject to Planning and Joint Venture bids will not be considered

    Viewings

    Strictly through sole agents Stirling Ackroyd

    Location

    The building is located within 2 minutes walk of Island Garden DLR, the Greenwich Foot Tunnel and the Thames Path – ideally placed for access to Canary Wharf and Greenwich.

    Located on Manchester Road at the southern end of the Isle of Dogs, close to the junction with East Ferry Road.

    Property info

    3_Manchester_Road_London_E14_3Bd.Jpg View original

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Stirling Ackroyd - Commercial, EC2A on +44 20 7768 0217 * (local rate)

    Contact Stirling Ackroyd - Commercial about this property

    Enter details
      Morning (8am-noon)
      Afternoon (noon-5pm)
      Evening (5pm-9pm)
    1. Characters remaining: 500

    By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stirling Ackroyd - Commercial, and do not constitute property particulars. Please contact Stirling Ackroyd - Commercial 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.

    Properties on the market nearby

    5 more properties like this

    View all E14 commercial properties for sale