21 Pepper St 3,403 SF Retail Building London E14 9RP £3,000,000 (£881.58/SF)
INVESTMENT HIGHLIGHTS
- Prime opportunity for redevelopment
- Unique waterfront location just south of Canary Wharf
- Highly reversionary rental value of £125,000 pa (£150,000 pa including flat)
- Vacant possession available in 2026
EXECUTIVE SUMMARY
The surrounding area is going through a period of significant residential led regeneration. The property sits on the Glengall Bridge Estate which is dominated by earlier generation commercial led schemes built between 1985-1993 that are now planned to be redeveloped which includes the adjacent scheme at “Glengall Quay” (319 residential apartments) and Bellerive House that has planning for conversion into 59 residential apartments.
The existing building has a footprint of280 sq.m which, combined with outside areas sits on an overall plot of 461 sq.m. The site is currently occupied by a 3-storey building with a public house on the first two storeys with a two-bedroom flat on the top floor.
The pub seating areas face the Millwall Outer Dock to the south-east and deliveries are provided from Muirfield Crescent which is currently predominantly used as a servicing route.
The existing building has a footprint of280 sq.m which, combined with outside areas sits on an overall plot of 461 sq.m. The site is currently occupied by a 3-storey building with a public house on the first two storeys with a two-bedroom flat on the top floor.
The pub seating areas face the Millwall Outer Dock to the south-east and deliveries are provided from Muirfield Crescent which is currently predominantly used as a servicing route.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Building Size
3,403 SF
Building Class
B
Year Built
2000
Price
£3,000,000
Price Per SF
£881.58
Tenancy
Single
Number of Floors
2
AMENITIES
- Balcony
1 of 1
NEARBY MAJOR RETAILERS
