Lot Details

14 Pepper Street, Glengall Bridge, London, E14 9RP

Guide Price*
£2,450,000+

  • A Block Of Six Self Contained One Bedroom Apartments Let On A Guaranteed Rent For Five Years At £185,000 Per Annum With 5% Yearly Increase Sold On Three Leases.

Description

The property comprises a residential building internally arranged to provide six self-contained flats over ground and three upper floors. The block benefits from west facing view and overlooks the waterfront. There is a five year lease commencing February 2024 let to a corporate operator with a break at the end of year three on a yearly rent of £185,000 Per Annum (with a 5% rental increase). Each apartment comes with private parking and a balcony except one. We understand that there is scope to reconfigure flat six from a one bed to two bedroom apartment (subject to obtaining relevant consents)

The property is situated on the waterfront of Millwall Dock and close to Canary Wharf financial district with shops and restaurants nearby. Transport links are provided by Canary Wharf Underground Station (Jubilee Line ) and Crossharbour (DLR).
Leasehold Each floor is subject to one lease being 200 years less 7 days from July 1986 (Thus 157 Years Remaining)
Six Parking Spaces and a Residents Lift

Accommodation

Flat Number Bedrooms Floor
1 Bedroom
Open Plan Kitchen
Living Area
Bathroom with Jacuzzi and WC
Dining Area
Balcony
1
2 Bedroom
Kitchen
Living Area
Bathroom and WC
Conservatory
Large Balcony with seating area
1
3 Bedroom
Living Area
Open Plan Kitchen
Bathroom and WC
Balcony
2
4 Bedroom
Living Area
Dining Area
Kitchen
Bathroom and WC
2
5 Bedroom
Living Area
Kitchen Diner
Bathroom and WC
Balcony
3
6 Bedroom
Living Area
Kitchen
Bathroom and WC
Balcony
Conservatory
3

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An administration charge of £1,000 (including VAT) applies unless otherwise stated in the addendum. The legal pack and addendum contain details on any additional buyer's premium and disbursements that may be payable upon completion. *Starting price estimates ("guides") are subject to change before the auction. These are not guaranteed selling prices. Each property has a reserve price, the minimum acceptable selling amount, which we expect to be within the guide range or up to 10% above.

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